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Clough Global Equity Fund (GLQ)

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company’s competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation. The fund follows a theme-based investment process which involves focusing on such events as industry consolidation, technological change, an emerging shortage of a product or raw material, and changes in government regulations. It benchmarks the performance of its portfolio against the S&P 500 Index. Clough Global Equity Fund was formed on January 25, 2005 and is domiciled in the United States.

Industry: Asset Management

Clough Global EF logo

Clough Global EF

NYSE:GLQFinancial Services
+0.94%$7.50
AH$7.50+0.00%vs close
Mkt Cap$140.54M
Float18.28M
O/S18.74M
Inst Own45.4%
SI0.3%
Div Yield11.45%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15.37M
Net Income$34.82M
Total Assets$248.63M
Free Cash Flow-$1.66M
Debt & Equity
Debt 20%
Equity 80%
Total Debt$41M
Total Equity$167.63M
Shares Outstanding
Short Interest
Split History

No splits on record

Nothing in GLQ's public trading history: no forward or reverse split has affected the share count.

Balance Sheet Details
Assets$248.63M
Liabilities$81M
Accounts Receivable$174K
Accounts Payable$11K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-10-312024-10-312023-10-312022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-03-312013-03-312012-03-312011-03-31
Revenue$15.37M$13.46M-$18.84M-$45.28M$62.28M$17.01M$13.7M$6.57M$55.7M-$15.87M$5.14M$39.62M$43.21M-$14.11M$46.82M
YoY Growth14.2%-171.4%-58.4%-172.7%266.1%24.2%108.5%-88.2%-451.1%-408.7%-87.0%-8.3%-406.3%-130.1%-
Cost of Revenue$3.15M$2.93M$3.51M$5.6M$5.17M$4.01M$3.38M$3.63M$5.13M$0$0$0$0$0$0
Gross Profit$12.22M$10.53M-$22.35M-$112.14M$57.11M$13M$10.32M$2.94M$50.57M-$15.87M$5.14M$39.62M$43.21M-$14.11M$46.82M
Gross Margin79.5%78.2%118.6%247.7%91.7%76.4%75.3%44.8%90.8%100.0%100.0%100.0%100.0%100.0%100.0%
Research and Development$0$0$0$0$0$0$0$0$2$0$0$0$0$0$0
Selling, General, and Administrative$807K$779K$893K$1.4M$1.38M$1.09M$993K$1.08M$1.86M$1.71M$2.61M$1.99M$1.75M$2.49M$2.35M
Other-$25.25M$337K$443K$824K$355K$298K$108K$89K$66K$1.31M$2.87M$2.07M$1.12M$0$0
Total Operating Expenses-$24.44M$1.12M$1.34M$2.23M$1.74M$1.39M$1.1M$1.17M$1.93M$3.01M$5.48M$4.06M$2.87M$2.49M$2.35M
Operating Income (EBIT)$36.66M$41.85M-$4.57M-$105.63M$61.62M$17.2M$12.6M-$1.17M-$1.93M-$3.01M-$5.48M-$4.06M-$2.87M-$2.49M-$2.35M
Operating Margin238.5%310.8%24.3%233.3%98.9%101.1%92.0%-17.8%-3.5%19.0%-106.6%-10.2%-6.6%17.6%-5.0%
Interest Expense$1.84M$1.79M$4.17M$3.02M$987K$1.45M$2.54M$2.44M$2.14M$2.53M$2.37M$2.19M$2.38M$2.6M$2.57M
Interest Income$3.2M$1.71M$2.51M$1.64M$0$336K$855K$652K$683K$1.57M$613K$819K$785K$2.85M$4.88M
Other Income (Expense)-$1.84M-$1.86M-$4.23M-$3.14M-$1.08M-$1.58M$0-$147K$32K$0$0$39.62M-$4.78M$56.94M-$61.07M
Income Before Tax (EBT)$34.82M$39.99M-$8.81M-$108.76M$60.54M$15.62M$12.6M$5.4M$53.77M-$18.88M-$341K$35.56M$40.34M-$16.6M$44.47M
Income Tax Expense$0$0$0$0$0$0$0-$1.17M-$1.93M-$3.01M-$5.48M$0-$2.87M-$2.49M-$2.35M
Net Income$34.82M$39.99M-$8.81M-$108.76M$60.54M$15.62M$12.6M$5.4M$53.77M-$18.88M-$341K$35.56M$40.34M-$16.6M$44.47M
Net Income Margin226.6%297.0%46.7%240.2%97.2%91.8%92.0%82.2%96.5%119.0%-6.6%89.8%93.4%117.6%95.0%
Supplementary Data
EPS1.862.13-0.47-5.964.531.151.060.412.97-1.04-0.021.952.21-0.912.43
Diluted EPS1.862.13-0.47-5.964.531.151.060.412.97-1.04-0.021.952.21-0.912.43
Weighted Average OS18.74M18.74M18.73M18.25M13.36M13.58M11.87M13.18M18.11M18.08M18.09M18.22M18.29M18.28M18.28M
EBITDA$36.66M$41.85M-$4.57M-$105.63M$61.85M$17.2M$12.6M$7.85M$55.91M-$35.22M$2.03M$37.75M$42.72M-$30.59M$47.05M
EBITDA Margin238.5%310.8%24.3%233.3%99.3%101.1%92.0%119.4%100.4%222.0%39.6%95.3%98.9%216.8%100.5%
Balance Sheet
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-10-312024-10-312023-10-312022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-03-312013-03-312012-03-312011-03-31
Assets
Current Assets
Cash and Cash Equivalents$1.87M$20K$32K$0$773K$414K$97K$9.87M$1.32M$951K$2.18M$3.82M$0$363K$164K
Short-Term Investments$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Cash and Short-Term Investments$1.87M$20K$32K$0$773K$414K$97K$9.87M$1.32M$951K$2.18M$3.82M$0$363K$164K
Accounts Receivable$174K$2.11M$4.12M$10.94M$1.46M$9.78M$16.85M$2.83M$1.94M$18.23M$20.12M$18.19M$14M$14M$14.74M
Inventory$0$0$7.1M$0$19.41M$0$28.44M$40.41M$51.72M$0$0$0$0$0$0
Other Current Assets-$2.04M-$2.11M-$7.1M-$10.94M-$2.23M$3.31M-$16.95M-$50.28M-$53.04M$0$0$0$0$0$0
Total Current Assets$31K$20K$4.16M$56.5M$1.46M$10.2M$16.95M$2.83M$1.94M$18.23M$20.12M$18.19M$14M$18.25M$14.74M
Long-Term Assets
Property, Plant & Equipment Net$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Goodwill$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Intangible Assets$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Long-Term Investments$0$174.2M$148.84M$256.67M$406.35M$252.47M$249.33M$219.16M$357.73M$313.93M$405.07M$452.51M$437.19M$426.07M$453.84M
Deferred Tax Assets$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Other Long-Term Assets$0$0$0$56.5M$0$0$0$38.51M$42.13M$95.89M$202.37M$151.77M$138.32M$94.49M$41.07M
Total Long-Term Assets$248.6M$174.2M$148.84M$313.17M$406.35M$252.47M$249.33M$257.67M$399.87M$409.81M$607.44M$604.28M$575.51M$520.57M$494.91M
Other Assets$248.63M$30.53M$21.08M-$10.94M-$1.46M$281.68M-$16.85M-$2.83M-$1.94M-$18.23M-$20.12M-$18.19M-$14M-$18.25M-$14.74M
Total Assets$248.63M$204.76M$174.08M$313.17M$443.46M$281.68M$298.48M$257.67M$399.87M$409.81M$607.44M$604.28M$575.51M$520.57M$494.91M
Liabilities
Current Liabilities
Accounts Payable$11K$2.03M$4.1M$178K$8.76M$1.71M$4.68M$4.1M$25K$18.89M$15.42M$140.95M$33.71M$15.51M$16.47M
Short-Term Debt$0$0$0$7.36M$2.01M$0$0$0$0$0$0$0$0$0$0
Current Income Tax Payable$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Current Unearned Revenue$0$0$0$0$38.9M$0$0$0$0$0$0$0$0$0$0
Other Current Liabilities$39.97M$28.51M$23.37M$31.6M-$11.1M$17.8M$36.99M-$4.78M-$398K-$18.91M-$15.52M$0-$33.97M-$16.52M-$16.47M
Total Current Liabilities$39.97M$2.03M$4.38M$46.61M$40.91M$19.67M$41.76M$21.81M$30.15M$71.88M$183.18M$140.95M$129M$16.47M$7.33M
Long-Term Liabilities
Long-Term Debt$41M$29M$29M$110.43M$131.59M$92M$0$0$0$0$0$156M$0$0$0
Long-Term Unearned Revenue$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Long-Term Deferred Tax Liabilities$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Other Long-Term Liabilities-$41M$26.48M$0$54.69M$35.44M$0$0$0$0$0$0$142.32M$0$0$0
Total Long-Term Liabilities$80.79M$55.48M$29M$165.3M$167.03M$92M$127.14M$108.29M$144M$185.63M$340.86M$298.32M$278.8M$243.5M$180.55M
Other Liabilities$41.03M$57.51M$19.18M-$46.61M-$40.91M$112.14M-$41.76M-$21.81M-$30.15M-$71.88M-$183.18M-$140.95M-$129M-$16.47M-$7.33M
Total Liabilities$81M$57.51M$52.56M$165.3M$175.79M$112.14M$127.14M$108.29M$144M$185.63M$340.86M$298.32M$278.8M$243.5M$180.55M
Stockholders' Equity
Preferred Stock$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Common Stock$163.67M$179.24M$194.54M$215.7M$217.9M$157.27M$157.25M$132.67M$228.07M$247.86M$263.69M$266.42M$266.42M$0$0
Retained Earnings$3.95M-$31.99M-$73.02M-$67.83M$49.77M$12.27M$14.08M$16.71M-$5.44M-$2.8M-$7.25M-$58K-$2.01M-$35.49M-$38.12M
Comprehensive Income & Other$0$0$0$0$0$0$0$0$33.24M$0$0$0$0$0$0
Other Stockholders' Equity$0$0$0$0$0$0$0$0$33.24M-$20.87M$10.14M$39.6M$32.3M$312.55M$352.47M
Total Equity$167.63M$147.25M$121.52M$147.87M$267.67M$169.54M$171.34M$149.38M$255.87M$224.19M$266.58M$305.96M$296.71M$277.06M$314.35M
Minority Interest$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Total Liabilities and Equity$248.63M$204.76M$174.08M$313.17M$443.46M$281.68M$298.48M$257.67M$399.87M$409.81M$607.44M$604.28M$575.51M$520.57M$494.91M
Supplementary Data
Total Debt$41M$29M$29M$110.43M$133.6M$92M$84.5M$85M$113M$113M$156M$156M$147M$147M$147M
Net Debt$39.13M-$20K$28.97M$110.43M$130.82M$91.59M$84.4M$75.13M$111.68M$112.05M$153.82M$152.18M$147M$146.64M$146.84M
Cash Flow Statement
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012FY 2011
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-10-312024-10-312023-10-312022-10-312021-10-312020-10-312019-10-312018-10-312017-10-312016-10-312015-10-312014-03-312013-03-312012-03-312011-03-31
Operating Activities
Net Income$34.82M$39.99M-$8.81M-$108.76M$60.54M$15.62M$12.6M$5.4M$53.77M-$18.88M-$341K$35.56M$40.34M-$16.6M$44.47M
Depreciation & Amortization$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Deferred Income Tax$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Stock-Based Compensation$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Changes in Working Capital:
  Accounts Receivable$87K-$38K$1.9M-$2.05M$159K$118K$7K-$136K$728K$0$0$0$0$0$0
  Inventory$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
  Accounts Payable$38K$15K-$118K-$255K$271K$6K$23K-$116K-$57K$0$0$0$0$0$0
  Other Working Capital$62K-$130K-$275K$156K$164K-$47K-$166K$13.14M$38.17M$0$0$0$0$0$0
Total Working Capital Change$187K-$154K$1.5M-$2.15M$594K$77K-$135K$12.88M$38.84M$102.42M-$67.33M-$6.22M-$47.01M-$48.46M-$4.92M
Other Non-Cash Items-$36.67M-$18.24M$88.76M$147.64M-$123.65M-$13.48M-$23.29M$130.16M-$71.18M-$19.5M$84.13M-$8.23M$27.15M$73.23M-$6.85M
Net Cash from Operating-$1.66M$21.59M$81.45M$36.73M-$62.51M$2.22M-$10.82M$148.45M$21.42M$64.03M$16.46M$21.12M$20.48M$8.18M$32.7M
Investing Activities
Capital Expenditures$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Acquisitions$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Purchases of Investments-$292.85M-$171.61M-$259.71M-$740.91M-$710.47M-$625.51M-$634.65M-$247.94M-$448.33M$0$0$0$0$0$0
Sales of Investments$301.5M$194.35M$370.36M$759.11M$652.66M$641.07M$580.47M$387.93M$472.62M$0$0$0$0$0$0
Other Investing Activities$0-$22.74M$0$0$0$0$0$0$0$0$0$0$0$0$0
Net Cash from Investing$8.65M$22.74M$110.65M$18.19M-$57.81M$15.57M-$54.18M$140M$24.3M$0$0$0$0$0$0
Financing Activities
Debt Repaid-$12M-$81M$21.5M-$39.5M-$7.5M$500K$28M-$43M---$9M--
Common Stock Issuance$0$0$0$14.6M$59.66M$19K$24.58M$95.39M$0$0$0$0$0$0$0
Common Stock Repurchases$0-$676K-$1.69M$0$0$0$0-$95.39M-$140K$0-$2.73M$0$0$0$0
Dividends Paid-$7.83M-$13.58M-$15.86M-$26.32M-$23.04M-$17.44M-$15.23M-$16.5M-$21.94M-$23.51M-$24.19M$0-$26.32M-$20.7M-$20.7M
Other Financing Activities$0$0-$7.36M$6.47M$2.53M$0$0-$95.39M$0$0$0-$17.32M$0$0$0
Net Cash from Financing-$2.44M-$14.26M-$105.9M-$26.75M$78.66M-$9.92M$8.86M-$139.9M-$22.08M-$66.51M-$26.91M-$17.32M-$20.7M-$20.7M-$20.7M
Forex Effect-$6.64M$0-$5.78M-$18.19M$57.81M-$12.56M$856-$4K$9K-$9K$48K$2K-$171K$0$0
Net Change in Cash-$2.09M$7.33M-$24.45M$9.98M$16.14M-$14.27M-$1.96M$8.55M-$651K-$2.49M-$10.4M$3.8M-$382K-$12.52M$12M
Supplementary Data
Operating Cash Flow-$1.66M$21.59M$81.45M$36.73M-$62.51M-$4.36M-$10.82M$148.45M$21.42M$64.03M$16.46M$21.12M$20.48M$8.18M$32.7M
Capital Expenditure$0-$4$0$4$5-$4$0$0$0$0$0$0$0$0$0
Free Cash Flow-$1.66M$21.59M$81.45M$36.73M-$62.51M-$4.36M-$10.82M$148.45M$21.42M$64.03M$16.46M$21.12M$20.48M$8.18M$32.7M
Cash at Beginning$3.96M$21.11M$45.56M$35.58M$19.43M$33.71M$35.67M$1.32M$1.97M$4.46M$14.86M$14K$396K$12.92M$912K
Cash at End$1.87M$28.44M$21.11M$45.56M$35.58M$19.43M$33.71M$9.87M$1.32M$1.97M$4.46M$3.82M$14K$396K$12.92M