Greenidge Generation Holdings (Greenidge Generation Holdings) Gross Margin % : 24.78% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Greenidge Generation Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Greenidge Generation Holdings's Gross Profit for the three months ended in Dec. 2023 was $4.87 Mil. Greenidge Generation Holdings's Revenue for the three months ended in Dec. 2023 was $19.64 Mil. Therefore, Greenidge Generation Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 24.78%.

The historical rank and industry rank for Greenidge Generation Holdings's Gross Margin % or its related term are showing as below:

GREE' s Gross Margin % Range Over the Past 10 Years
Min: -10.39 Med: 31.59 Max: 70.83
Current: 27.54

During the past 5 years, the highest Gross Margin % of Greenidge Generation Holdings was 70.83%. The lowest was -10.39%. And the median was 31.59%.

GREE's Gross Margin % is ranked worse than
67.6% of 605 companies
in the Capital Markets industry
Industry Median: 48.91 vs GREE: 27.54

Greenidge Generation Holdings had a gross margin of 24.78% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Greenidge Generation Holdings was 0.00% per year.

Greenidge Generation Holdings Gross Margin % Historical Data

The historical data trend for Greenidge Generation Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Greenidge Generation Holdings Gross Margin % Chart

Greenidge Generation Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

-10.39

37.36

70.83

31.59

27.54

Greenidge Generation Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial											1.32	35.77	24.26	26.46	24.78

Competitive Comparison of Greenidge Generation Holdings's Gross Margin %

For the Capital Markets subindustry, Greenidge Generation Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Greenidge Generation Holdings's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Greenidge Generation Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Greenidge Generation Holdings's Gross Margin % falls into.

Greenidge Generation Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Greenidge Generation Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	19.4	/	70.388
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(70.388 - 51.005)	/	70.388
	=	27.54 %

Greenidge Generation Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.9	/	19.642
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(19.642 - 14.774)	/	19.642
	=	24.78 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Greenidge Generation Holdings (NAS:GREE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Greenidge Generation Holdings had a gross margin of 24.78% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Greenidge Generation Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Greenidge Generation Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenidge Generation Holdings (Greenidge Generation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenidge Generation Holdings Inc. (NAS:GREE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Rennell Drive, 3rd Floor, Fairfield, CT, USA, 06890

Website

https://www.greenidge.com

Greenidge Generation Holdings Inc. owns and operates a vertically integrated cryptocurrency data center and power generation company. The Company owns and operates facilities at two locations: the Town of Torrey, New York and Spartanburg, South Carolina. The Company's cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The Company also owns and operates a 106MW power facility that is connected to the New York Independent System Operator (NYISO) power grid.

Executives

Jordan Kovler	director	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 05890
Christian Mulvihill	officer: Chief Financial Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Michael P Neuscheler	director	C/O I3 MOBILE INC, 181 HARBOR DRIVE, STAMFORD CT 06902
Daniel Rothaupt	director	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Atlas Capital Gp Lp	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Resources Gp Llc	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	director, 10 percent owner
Timothy J Fazio	director, 10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Robert Loughran	officer: Accounting Officer	C/O AVON PRODUCTS, INC., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Scott J. Mackenzie	officer: Chief Strategy Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
David Carl Anderson	director, officer: Chief Executive Officer (CEO)	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Terence A. Burke	officer: General Counsel	590 PLANT ROAD, DRESDEN NY 14441
C Clark Webb	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Rha Investments, Inc.	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225