Genie Energy Ltd.

Listed Company

GNECIK 0001528356NYSEAcceleratedElectric & Other Services CombinedDelawareFY ends Dec 31

Period

FY 2025

Revenue

$501.97M

Net Income

$24.01M

Total Assets

—

Equity

—

Shares Out

—

Op. Cash Flow

$46.34M

Business

Genie Energy Ltd. is an end-to-end provider of energy services that acquires, supplies and manages energy commodity and renewable generation businesses. It supplies electricity and natural gas to residential and small business customers through retail energy providers and develops, constructs and operates utility-scale and community solar projects while providing energy procurement and advisory services. The company reports through two segments—Genie Retail Energy (REPs) and Genie Renewables (Genie Solar, CityCom Solar and Diversegy). It operates across multiple deregulated U.S. states using branded REPs, direct marketing channels and municipal aggregation contracts.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
REVENUES:	—	—	—
Revenues	502	425	429
Cost of revenues	377	287	283
GROSS PROFIT	125	138	146
OPERATING EXPENSES AND LOSSES:	—	—	—
Selling, general and administrative	95	93	91
Asset, Impairment Loss	2	185,000	0
Income from operations	28	45	55
Interest income	8	7	5
Interest expense	670,000	464,000	99,000
Gain on investments and others, net	1	2	3
Income before income taxes	36	53	63
Provision for income taxes	8	15	17
NET INCOME FROM CONTINUING OPERATIONS	28	38	47
(Loss) income from discontinued operations, net of tax	−4	−3	6
Net income (loss)	24	35	53
Net loss (income) attributable to noncontrolling interests, net	−291,000	−293,000	740,000
NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD.	24	36	52
Dividends on preferred stock	0	0	333,000
NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. COMMON STOCKHOLDERS	24	36	52
Amounts attributable to Genie Energy Ltd. common stockholders	—	—	—
Income from continuing operations	28	38	46
(Loss) income from discontinued operations	−4	−3	6
Net income attributable to Genie Energy Ltd. common stockholders	24	36	52
Basic	—	—	—
Income from continuing operations (in dollars per share)	1.07	1.44	1.78
(Loss) income from discontinued operations (in dollars per share)	−0.16	−0.11	0.25
Net income attributable to Genie Energy Ltd. common stockholders (in dollars per share)	0.91	1.33	2.03
Diluted	—	—	—
Income from continuing operations (in dollars per share)	1.06	1.42	1.74
(Loss) income from discontinued operations (in dollars per share)	−0.16	−0.11	0.25
Net income attributable to Genie Energy Ltd. common stockholders (in dollars per share)	0.9	1.31	1.99
Weighted-average number of shares used in the calculation of earnings per share	—	—	—
Basic (in shares)	26	27	26
Diluted (in shares)	27	27	26
Dividends on common stock declared (in dollars per share)	0.3	0.3	0.3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Cash and cash equivalents	204	193
Restricted cash—short-term	8	8
Marketable equity securities	409,000	357,000
Trade accounts receivable, net of allowance for credit losses of $7,876 and $8,086 at December 31, 2025 and 2024, respectively	70	62
Inventory	12	12
Prepaid expenses	11	10
Other current assets	17	8
Other current assets of discontinued operations	1	4
TOTAL CURRENT ASSETS	323	297
Property and equipment, net	28	25
Goodwill	13	13
Other intangibles, net	2	2
Deferred income tax assets, net	2	6
Other assets	21	22
Noncurrent assets of discontinued operations	0	4
TOTAL ASSETS	389	370
LIABILITIES AND EQUITY	—	—
Trade accounts payable	41	31
Accrued expenses	51	49
Income taxes payable	29	31
Current debt, net	2	357,000
Due to IDT Corporation, net	112,000	135,000
Other Liabilities, Current	10	6
Current liabilities of discontinued operations	3	5
TOTAL CURRENT LIABILITIES	136	122
Noncurrent debt, net	7	9
Other Liabilities, Noncurrent	2	3
Noncurrent liabilities of discontinued operations	0	705,000
TOTAL LIABILITIES	145	135
Commitments and contingencies (Note 16 and Note 17)	—	—
EQUITY:	—	—
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 0 shares issued and outstanding at June 30, 2025 and December 31, 2024	0	0
Common stock	309,000	309,000
Additional paid-in capital	158	159
Treasury stock, at cost, consisting of 4,492 and 3,828 shares of Class B common at December 31, 2025 and 2024, respectively	48	37
Accumulated other comprehensive income	5	4
Retained earnings	136	120
Total Genie Energy Ltd. stockholders’ equity	251	246
Noncontrolling interest	−6	−10
Receivable from issuance of equity	−422,000	−783,000
Total noncontrolling interests	−6	−11
TOTAL EQUITY	244	235
TOTAL LIABILITIES AND EQUITY	389	370

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
OPERATING ACTIVITIES	—	—	—
Net income (loss)	24	35	53
Net income (loss) from discontinued operations, net of tax	−4	−3	6
Net income from continuing operations	28	38	47
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation and amortization	1	884,000	463,000
Deferred income taxes	3	−1	1
Provision for credit losses	2	2	2
Stock-based compensation	3	2	3
Inventory valuation allowance	1	417,000	1
Asset, Impairment Loss	2	185,000	0
Unrealized (gain) loss on marketable equity securities and investments and others	2	766,000	23,000
Charitable donation of Class B common stock	0	0	1
Change in assets and liabilities, net of effect of acquisition:	—	—	—
Trade accounts receivable	10	2	9
Inventory	−3	−917,000	9
Prepaid expenses	1	−5	6
Other current assets and other assets	399,000	2	−448,000
Trade accounts payable, accrued expenses and other current liabilities	17	3	23
Due to IDT Corporation	−23,000	−10,000	−20,000
Income taxes payable	−2	13	−4
Net cash provided by operating activities of continuing operations	44	60	51
Net cash provided by operating activities of discontinued operations	2	10	12
Net cash provided by operating activities	46	71	62
INVESTING ACTIVITIES	—	—	—
Capital expenditures	8	8	9
Purchase of marketable equity securities and other investments	6	6	11
Purchase and improvement of investment property, net of noncontrolling interest portion paid by Howard Jonas	2	1	0
Proceeds from sale of marketable equity securities and other investments	1	582,000	10
Purchase of equity of subsidiary	319,000	1	0
Net cash used in investing activities of continuing operations	−15	−16	−10
Net cash provided by investing activities of discontinued operations	0	0	24
Net cash (used in) provided by investing activities	−15	−16	14
FINANCING ACTIVITIES	—	—	—
Dividends paid	8	8	9
Repurchases of Class B common stock	11	15	3
Payment of term loan	−333,000	0	0
Proceeds from term loan, net	0	7	0
Proceeds from exercise of warrants	0	0	5
Redemption of preferred stock	0	0	8
Net cash used in financing activities of continuing operations	−19	−16	−15
Effect of exchange rate changes on cash, cash equivalents and restricted cash	−51,000	7,000	−67,000
Net increase in cash, cash equivalents and restricted cash	12	39	61
Cash and cash equivalents and restricted cash (excluding discontinued operations) at end of year	—	—	—
Cash, cash equivalents and restricted cash (including discontinued operations) at end of year	—	—	—
Less: Cash of discontinued operations at end of year	—	—	—
Cash and cash equivalents and restricted cash (excluding discontinued operations) at end of year	—	—	—
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	—	—	—
Cash payments made for interest	578,000	98,000	93,000
Cash payments made for income taxes	7	4	20

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