Great Elm Group Stock Soars 51% on Record Earnings, CoreWeave Stake
Alternative asset manager credits strategic partnerships and unrealized gains from its AI-related investment for the strong Q4 performance.
Shares of Great Elm Group Inc. (GEG) surged more than 51% in after-hours trading Tuesday after the alternative asset manager posted record fourth-quarter earnings and revealed significant gains from a strategic investment in AI infrastructure company CoreWeave.
The Florida-based firm from continuing operations of $15.7 million, a stark turnaround from the $0.6 million loss reported in the same period last year. The value per share increased by 24% to $2.65 as of June 30, 2025, reflecting the firm's robust financial health and strategic execution.
A key driver of the quarter's success was a 253% year-over-year increase in management and incentive fees from Great Elm Capital Corp. (GECC), which totaled $3.8 million. The impressive results were further bolstered by over $100 million in recent capital raises through , positioning the company for continued expansion.
The after-hours stock jump was also fueled by significant , which the company sourced through its strategic relationships. This investment aligns Great Elm with the booming artificial intelligence sector, providing a substantial boost to its portfolio as CoreWeave's own stock has seen a dramatic rise.
"We are well-positioned to capitalize on attractive opportunities across all of our businesses and deliver sustained, long-term value for our shareholders," of Great Elm Group. As of June 30, the company's total assets under management reached $759 million, with nearly $31 million in cash and marketable securities ready to deploy for future growth initiatives.