Greenbriar Capital (GRB) AI Stock Analysis

• Market Cap: C$17.57M
• Dividend Yield: N/A
• Average Volume (3M): 21.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: -37.48%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: Renewable Utilities
• EPS (TTM): -0.03
• Shares Outstanding: 40,851,093
• 10 Day Avg. Volume: 12,178
• 30 Day Avg. Volume: 21,294
• PEG Ratio: -0.05
• Price to Book (P/B): 5.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: C$0.38 ▼(-4.00% Downside)
• Action: Reiterated Date: 01/21/26
• Date: Action: Reiterated 01/21/26

The score is driven primarily by weak financial performance—ongoing losses, negative cash generation, and a more stressed capital structure due to rising debt and declining equity. Technicals also weigh on the rating, with the price below key moving averages and weak momentum indicators. Valuation provides limited support because the negative P/E reflects loss-making operations and no dividend yield is indicated.

Positive Factors

Improving cash generation trend

Operating cash flow has moved materially less negative over successive years, indicating reduced cash burn. If sustained, this trend extends runway, lowers near-term financing dependency and improves the firm’s ability to fund development milestones and convert projects toward revenue.

Stable asset base

A ~ $20.1M asset base gives the company tangible project and collateral value to support project financing, joint ventures, or asset monetization. Stable assets provide optionality for developers to secure third-party capital or sell stakes as projects advance to commercialization.

Business aligned with energy transition

A strategic focus on solar and sustainable infrastructure aligns with long-term policy and market demand for renewables. Structural tailwinds can support durable project pipelines and partner interest, improving long-term addressable market if execution and financing are secured.

Negative Factors

No reported operating revenue

Persistent zero revenue and sizable TTM losses indicate projects are not yet monetized and operations lack a commercial revenue base. This undermines sustainable growth prospects and perpetuates dependence on external capital to fund development activities.

Sharply higher leverage

A ~4.1x debt-to-equity ratio reflects a stressed capital structure that heightens refinancing, covenant and liquidity risk. High leverage constrains ability to invest in project buildouts, increases probability of dilution and reduces resilience to project or market setbacks.

Negative free cash flow and funding reliance

Persistent negative free cash flow prevents self-funding of development, forcing ongoing external financing. Reliance on capital markets raises dilution risk, is sensitive to credit conditions and interest rates, and limits ability to execute a multi-project growth strategy reliably.

Greenbriar Capital Business Overview & Revenue Model

Company Description

Greenbriar Capital Corp. engages in the acquisition, development, operation, and sale of commercial, residential, industrial, and renewable energy related real estate and energy projects primarily in Canada and the United States. It is focused developing a 100 megawatts solar project in Puerto Rico; and acquisition and development of wind projects. Greenbriar Capital Corp. was incorporated in 2009 and is headquartered in Coquitlam, Canada.

How the Company Makes Money

Greenbriar Capital Corp makes money through a combination of revenue streams primarily focused on renewable energy projects and real estate development. The company generates income by developing and selling or leasing renewable energy projects such as solar and wind farms. It also earns revenue from long-term power purchase agreements (PPAs) with utility companies and other large energy consumers. Additionally, Greenbriar Capital is involved in sustainable real estate projects, generating income through the sale or lease of developed properties. The company may also benefit from government incentives and partnerships with financial institutions or other companies within the renewable energy and real estate sectors, contributing to its overall earnings.

Greenbriar Capital Financial Statement Overview

Summary

Overall fundamentals are weak: minimal/zero reported revenue in recent periods, persistent net losses, and negative EBIT/EBITDA. Balance-sheet risk is elevated with sharply higher debt (~$11.0M TTM) and reduced equity (~$2.7M), implying high leverage (~4.1x debt-to-equity). Cash flow is still negative (TTM OCF and FCF about -$0.84M), despite some improvement in operating cash burn versus prior years.

Income Statement

Operating performance remains weak. Revenue is reported at $0 in most periods (including TTM (Trailing-Twelve-Months) and 2024), limiting evidence of a stable operating base. Losses persist across the stack, with TTM (Trailing-Twelve-Months) net loss of about $5.3M (worse than 2023 and similar to 2024), and negative EBIT/EBITDA indicating continued operating deficit. A positive note is that EBIT improved versus 2024 (less negative), but the overall earnings trajectory is still firmly negative with no clear margin support.

Balance Sheet

Leverage has risen sharply and is the key balance-sheet risk. Total debt increased to ~$11.0M TTM (Trailing-Twelve-Months) from ~$6.8M in 2024 and ~$4.3M in 2023, while equity declined to ~$2.7M (from ~$4.1M in 2024 and ~$9.0M in 2023). This drives a high debt-to-equity level (~4.1x TTM (Trailing-Twelve-Months)) and deeply negative return on equity, suggesting losses are eroding the capital base. Assets are relatively stable (~$20.1M TTM (Trailing-Twelve-Months)), but the capital structure has become meaningfully more stressed.

Cash Flow

Cash generation remains negative, though there is modest improvement in the most recent period. TTM (Trailing-Twelve-Months) operating cash flow is about -$0.84M versus -$1.16M in 2024 and -$2.15M in 2023, indicating reduced cash burn. Free cash flow is also negative TTM (Trailing-Twelve-Months) (~-$0.84M) and declined versus 2024 (negative growth), which increases reliance on external funding. Free cash flow is roughly in line with net losses (around 1.0x of net income in magnitude), but that’s largely because both are negative—profitability and self-funding capacity are still not established.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	0.00	0.00	0.00	1.82M	0.00	0.00
Gross Profit	0.00	0.00	0.00	1.82M	0.00	-709.74K
EBITDA	-3.27M	-2.08M	-2.93M	-1.49M	-6.64M	-2.13M
Net Income	-5.33M	-5.14M	-2.63M	-2.76M	-9.33M	-3.15M
Balance Sheet
Total Assets	20.12M	20.26M	22.11M	15.05M	10.44M	10.79M
Cash, Cash Equivalents and Short-Term Investments	1.75M	1.75M	1.83M	1.84M	463.49K	3.04M
Total Debt	11.04M	6.80M	4.27M	718.24K	647.76K	1.02M
Total Liabilities	17.41M	16.18M	13.11M	5.57M	6.18M	2.99M
Stockholders Equity	2.70M	4.09M	9.00M	9.48M	4.25M	7.80M
Cash Flow
Free Cash Flow	-840.56K	-1.16M	-2.15M	-2.53M	-2.04M	-2.52M
Operating Cash Flow	-838.57K	-1.16M	-2.15M	-2.53M	-2.04M	-1.86M
Investing Cash Flow	-1.12M	-1.13M	-3.63M	-1.68M	-1.63M	-696.20K
Financing Cash Flow	1.95M	2.12M	5.88M	4.16M	3.60M	2.58M

Greenbriar Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRB, the sentiment is Positive. The current price of 0.4 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.45, and below the 200-day MA of 0.44, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GRB.

Greenbriar Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PIF	64 Neutral	C$252.67M	-60.24	-4.69%	7.11%	8.26%	-267.17%
WEB	50 Neutral	C$41.71M	2.52	42.58%	―	―	-51.92%
LCFS	50 Neutral	C$243.75M	17.49	8.55%	―	-30.92%	―
REVV	46 Neutral	C$15.51M	-4.82	-69.20%	―	-31.40%	-354.49%
GIP	45 Neutral	C$51.89M	-2.64	-23.88%	―	-19.22%	11.82%
GRB	42 Neutral	C$17.57M	-3.04	-99.46%	―	―	-37.48%

Greenbriar Capital Corporate Events

Greenbriar Appoints Brian Conlan to Board, Enhancing Strategic Leadership

Greenbriar Sustainable Living Inc. has appointed Brian Conlan as a member of its Board of Directors and Chairman of the Aviation and Military Housing Committee. Conlan’s extensive experience in aerospace and real estate, along with his military background, positions him to significantly contribute to Greenbriar’s operations and strategic initiatives, particularly in the development of Sage Ranch. This appointment is expected to enhance Greenbriar’s market positioning by leveraging Conlan’s expertise to drive the company’s vision of sustainable housing for military and aviation professionals.

Greenbriar Extends Warrant Expiry to 2027

Greenbriar Sustainable Living Inc. announced the extension of the expiry date for 577,000 share purchase warrants from November 29, 2025, to November 29, 2027. This extension, pending TSX Venture Exchange approval, reflects Greenbriar’s strategic efforts to strengthen its financial instruments, potentially impacting its market positioning and stakeholder interests.