Greenland Technologies Holding Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting unaudited consolidated financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Quarterly revenue: $24,860,280 for the three months ended September 30, 2026, compared with $23,401,597 in the same period of 2025, according to the filing.
  • Nine-month revenue: $80,275,953 for the nine months ended September 30, 2026, up from $66,798,947 in the comparable prior-year period, the company disclosed.
  • Quarterly gross profit: $8,338,910 for Q3 2026, versus $7,573,596 for Q3 2025, as reported in the filing.
  • Total assets: $164,087,144 as of September 30, 2026, compared with $115,772,341 as of December 31, 2025, per the balance sheet.
  • Total shareholders' equity: $90,053,281 as of September 30, 2026, up from $66,319,921 as of December 31, 2025, the registrant reported.
  • Shares outstanding: 20,532,482 Class A ordinary shares and 6,011,740 Class B ordinary shares as of November 12, 2026, according to the cover page.

Greenland Technologies Financial Position and Operating Results for Q3 2026

Greenland Technologies Holding Corporation (NASDAQ:GTEC), incorporated in the British Virgin Islands and headquartered in Hangzhou, Zhejiang, People's Republic of China, filed its quarterly report covering the period ended September 30, 2026. The filing shows quarterly revenues of $24,860,280, with cost of goods sold of $16,521,370, producing a gross profit of $8,338,910 for the three months ended September 30, 2026. For the nine-month period, revenues reached $80,275,953, with a gross profit of $26,639,781, the company disclosed.

According to the consolidated balance sheet, total assets grew to $164,087,144 as of September 30, 2026 from $115,772,341 at December 31, 2025. Current assets were $144,156,146, with notable components including short-term investments of $39,944,487, accounts receivable, net of $27,034,004, inventories, net of $25,699,036, and notes receivable of $20,681,189. Cash and cash equivalents were $9,571,895 as of September 30, 2026, compared with $7,775,330 at December 31, 2025, the filing stated.

Total liabilities were $74,033,863 as of September 30, 2026, rising from $49,452,420 at December 31, 2025, the registrant reported. Current liabilities included accounts payable of $33,741,327 and notes payable-bank acceptance notes of $29,075,994. Total shareholders' equity attributed to Greenland Technologies Holding Corporation and subsidiaries was $95,134,793, while non-controlling interest stood at negative $5,081,512. Nine-month operating expenses included selling expenses of $2,579,267, general and administrative expenses of $3,383,646, and research and development expenses of $2,667,154, according to the filing. The company noted in the filing that it contains forward-looking statements that "are subject to risks and uncertainties, which could cause our actual results to differ materially from those reflected in the forward-looking statements."

What Was Disclosed

Greenland Technologies filed its unaudited quarterly report for the period ended September 30, 2026, disclosing revenue, cost of goods sold, gross profit, balance sheet figures, and share counts for its Class A and Class B ordinary shares as of November 12, 2026.