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Side-by-side financial comparison of ACORN ENERGY, INC. (ACFN) and Great Elm Group, Inc. (GEG). Click either name above to swap in a different company.

Great Elm Group, Inc. is the larger business by last-quarter revenue ($3.0M vs $2.4M, roughly 1.3× ACORN ENERGY, INC.). ACORN ENERGY, INC. runs the higher net margin — 45.2% vs -549.6%, a 594.8% gap on every dollar of revenue. On growth, Great Elm Group, Inc. posted the faster year-over-year revenue change (-14.1% vs -32.6%). Over the past eight quarters, ACORN ENERGY, INC.'s revenue compounded faster (5.6% CAGR vs -4.6%).

Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security. It was founded by George Morgenstern in 1984 as Decision Systems, Inc. and was taken public by Laidlaw Securities. The name was later changed to Data Systems and Software Inc. John Moore became CEO in 2006 and changed the name to Acorn Factor and later to Acorn Energy.

Great Elm Group, Inc. is an alternative asset management firm that offers private credit products, real asset investment vehicles, and customized capital solutions for small and medium-sized enterprises. It primarily serves institutional investors and high-net-worth individuals across the North American market.

ACFN vs GEG — Head-to-Head

Bigger by revenue
GEG
GEG
1.3× larger
GEG
$3.0M
$2.4M
ACFN
Growing faster (revenue YoY)
GEG
GEG
+18.5% gap
GEG
-14.1%
-32.6%
ACFN
Higher net margin
ACFN
ACFN
594.8% more per $
ACFN
45.2%
-549.6%
GEG
Faster 2-yr revenue CAGR
ACFN
ACFN
Annualised
ACFN
5.6%
-4.6%
GEG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ACFN
ACFN
GEG
GEG
Revenue
$2.4M
$3.0M
Net Profit
$1.1M
$-16.5M
Gross Margin
80.1%
99.5%
Operating Margin
11.7%
-140.6%
Net Margin
45.2%
-549.6%
Revenue YoY
-32.6%
-14.1%
Net Profit YoY
-79.5%
-1507.1%
EPS (diluted)
$0.42
$-0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACFN
ACFN
GEG
GEG
Q4 25
$2.4M
$3.0M
Q3 25
$2.5M
$10.8M
Q2 25
$3.5M
Q1 25
$3.1M
$3.2M
Q4 24
$3.5M
$3.5M
Q3 24
$3.0M
$4.0M
Q2 24
$2.3M
Q1 24
$2.1M
$2.8M
Net Profit
ACFN
ACFN
GEG
GEG
Q4 25
$1.1M
$-16.5M
Q3 25
$252.0K
$-7.9M
Q2 25
$720.0K
Q1 25
$464.0K
$-4.5M
Q4 24
$5.2M
$1.2M
Q3 24
$725.0K
$2.6M
Q2 24
$271.0K
Q1 24
$65.0K
$-3.1M
Gross Margin
ACFN
ACFN
GEG
GEG
Q4 25
80.1%
99.5%
Q3 25
78.5%
37.4%
Q2 25
74.9%
Q1 25
75.1%
Q4 24
72.4%
86.9%
Q3 24
71.7%
84.1%
Q2 24
73.2%
Q1 24
74.6%
Operating Margin
ACFN
ACFN
GEG
GEG
Q4 25
11.7%
-140.6%
Q3 25
6.4%
-34.5%
Q2 25
26.9%
Q1 25
19.5%
-79.6%
Q4 24
23.9%
-56.4%
Q3 24
24.8%
-50.0%
Q2 24
11.3%
Q1 24
3.7%
-67.1%
Net Margin
ACFN
ACFN
GEG
GEG
Q4 25
45.2%
-549.6%
Q3 25
10.2%
-73.3%
Q2 25
20.4%
Q1 25
15.0%
-140.1%
Q4 24
148.3%
33.5%
Q3 24
23.8%
66.1%
Q2 24
11.9%
Q1 24
3.0%
-111.2%
EPS (diluted)
ACFN
ACFN
GEG
GEG
Q4 25
$0.42
$-0.50
Q3 25
$0.10
$-0.24
Q2 25
$0.28
Q1 25
$0.19
$-0.17
Q4 24
$2.08
$0.04
Q3 24
$0.29
$0.08
Q2 24
$0.11
Q1 24
$0.03
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACFN
ACFN
GEG
GEG
Cash + ST InvestmentsLiquidity on hand
$4.5M
$51.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.3M
$55.8M
Total Assets
$13.3M
$135.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACFN
ACFN
GEG
GEG
Q4 25
$4.5M
$51.2M
Q3 25
$4.2M
$53.5M
Q2 25
$3.3M
Q1 25
$2.6M
$31.5M
Q4 24
$2.3M
$44.3M
Q3 24
$2.2M
$44.1M
Q2 24
$1.5M
Q1 24
$1.4M
$44.1M
Stockholders' Equity
ACFN
ACFN
GEG
GEG
Q4 25
$8.3M
$55.8M
Q3 25
$7.2M
$73.8M
Q2 25
$6.9M
Q1 25
$6.1M
$57.2M
Q4 24
$5.5M
$62.3M
Q3 24
$288.0K
$63.9M
Q2 24
$-451.0K
Q1 24
$-733.0K
$65.0M
Total Assets
ACFN
ACFN
GEG
GEG
Q4 25
$13.3M
$135.5M
Q3 25
$12.4M
$155.0M
Q2 25
$12.5M
Q1 25
$11.1M
$137.2M
Q4 24
$10.6M
$138.5M
Q3 24
$5.4M
$137.3M
Q2 24
$4.8M
Q1 24
$4.9M
$148.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACFN
ACFN
GEG
GEG
Operating Cash FlowLast quarter
$295.0K
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACFN
ACFN
GEG
GEG
Q4 25
$295.0K
$-1.9M
Q3 25
$895.0K
$3.8M
Q2 25
$629.0K
Q1 25
$271.0K
$-1.3M
Q4 24
$166.0K
$-4.0M
Q3 24
$698.0K
$-5.8M
Q2 24
$84.0K
Q1 24
$-43.0K
$1.4M
Cash Conversion
ACFN
ACFN
GEG
GEG
Q4 25
0.27×
Q3 25
3.55×
Q2 25
0.87×
Q1 25
0.58×
Q4 24
0.03×
-3.44×
Q3 24
0.96×
-2.19×
Q2 24
0.31×
Q1 24
-0.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACFN
ACFN

PG$2.2M94%
Other$143.0K6%

GEG
GEG

Management Service Base$1.8M60%
Other$1.2M40%

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