Great Elm Capital Corp. 7.75% Notes Due 2030 (GECCG)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at GECCG first as a credit, not as common equity, because the security is a 7.75% note due 2030. The filed figures show an issuer with volatile earnings. In fiscal 2025, the company reported a net loss of $31.8 million and diluted EPS of -$2.57, a sharp reversal from fiscal 2024 net income of $3.6 million (EPS $0.36) and fiscal 2023 net income of $25.3 million (EPS $3.33). The quarterly path is equally uneven: fiscal Q2 2025 net income was $11.7 million (EPS $1.02), fiscal Q3 2025 swung to a net loss of $22.0 million (EPS -$1.79), fiscal Q1 2026 had a net loss of $745,000 (EPS -$0.05), and fiscal Q2 2026 rebounded to net income of $6.4 million (EPS $0.46). FairStock's computed Lynch category is TURNAROUND because the latest year showed a loss after earlier profits. The provided FairStock calculations for P/E, P/B, ROE, and D/E are N/A, and the FairStock Score is N/A/100, so I cannot judge the moat or financial health quantitatively. For a note, the central question is the issuer's ability to pay interest and principal, and these figures are too sparse to verify that. At $24.70 on 2026-10-16, exactly at the midpoint of its 52-week range of $24.00 to $25.40, the price is not a clear bargain signal; it suggests the market is pricing a fair amount of confidence. I would want consistent profits and coverage data before calling the credit strong.

In plain English: This is a Great Elm Capital note paying 7.75% and due in 2030; the company is in financial services. Its filed results are uneven: a large loss in fiscal 2025 after profits in fiscal 2023 and fiscal 2024, followed by a profit in fiscal Q2 2026. At $24.70, the note sits exactly at the midpoint of its 52-week range of $24.00 to $25.40; without clear profit or price measures, it looks close to its recent range rather than clearly cheap or expensive.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer