G
Genie Energy Ltd.
Period
FY 2025
Revenue
$501.97M
Net Income
$24.01M
Total Assets
$389.38M
Equity
$250.90M
Shares Out
—
Op. Cash Flow
$46.34M
Business
Genie Energy Ltd. operates two reportable segments: Genie Retail Energy (GRE), which supplies electricity and natural gas to residential and small business customers in deregulated U.S. markets across nineteen states and Washington D.C.; and Genie Renewables (GREW), which develops and operates solar projects, markets community solar solutions, provides energy procurement advisory services, and produces recycled plastic products. The company purchases wholesale energy for resale and manages commodity risks through derivatives.
Summary from 10-K filed 2026-05-01
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 502 | 425 | 429 | — | — | |
| Cost of revenues | 377 | 287 | 283 | 161 | 232 | |
| GROSS PROFIT | 125 | 138 | 146 | 155 | 92 | |
| Selling, general and administrative | 95 | 93 | 91 | 75 | 68 | |
| Asset, Impairment Loss | 2 | 185,000 | 0 | 2 | — | |
| Income from operations | 28 | 45 | 55 | 78 | 24 | |
| Interest income | 8 | 7 | 5 | 835,000 | 34,000 | |
| Interest expense | −670,000 | −464,000 | −99,000 | — | — | |
| Gain on investments and others, net | 1 | 2 | 3 | — | — | |
| Income before income taxes | 36 | 53 | 63 | 78 | 24 | |
| Provision for income taxes | −8 | −15 | −17 | −21 | −8 | |
| NET INCOME FROM CONTINUING OPERATIONS | 28 | 38 | 47 | 56 | 16 | |
| (Loss) income from discontinued operations, net of tax | −4 | −3 | 6 | 30 | 12 | |
| Net income (loss) | 24 | 35 | 53 | 87 | 28 | |
| Net loss (income) attributable to noncontrolling interests, net | 291,000 | 293,000 | −740,000 | 874,000 | 1 | |
| NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. | 24 | 36 | 52 | 88 | 29 | |
| Dividends on preferred stock | 0 | 0 | −333,000 | −2 | −2 | |
| NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. COMMON STOCKHOLDERS | 24 | 36 | 52 | 86 | 28 | |
| 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 | — | — | |
| Income from continuing operations (in dollars per share) | 1.07 | 1.44 | 1.78 | 2.34 | 0.63 | |
| (Loss) income from discontinued operations (in dollars per share) | −0.16 | −0.11 | 0.25 | 1.01 | 0.43 | |
| Net income attributable to Genie Energy Ltd. common stockholders (in dollars per share) | 0.91 | 1.33 | 2.03 | 3.35 | 1.06 | |
| Income from continuing operations (in dollars per share) | 1.06 | 1.42 | 1.74 | 2.28 | 0.62 | |
| (Loss) income from discontinued operations (in dollars per share) | −0.16 | −0.11 | 0.25 | 0.98 | 0.43 | |
| Net income attributable to Genie Energy Ltd. common stockholders (in dollars per share) | 0.9 | 1.31 | 1.99 | 3.26 | 1.05 | |
| Basic (in shares) | 26 | 27 | 26 | 26 | 26 | |
| Diluted (in shares) | 27 | 27 | 26 | 26 | 26 | |
| Dividends on common stock declared (in dollars per share) | 0.3 | 0.3 | 0.3 | 0.3 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 204 | 193 | 159 | 99 | 94 | |
| Restricted cashshort-term | 8 | 8 | 4 | — | — | |
| Marketable equity securities | 409,000 | 357,000 | 396,000 | 490,000 | 1 | |
| Trade accounts receivable, net of allowance for credit losses of $7,876 and $8,086 at December 31, 2025 and 2024, respectively | 70 | 62 | 62 | 55 | 41 | |
| Inventory | 12 | 12 | 15 | 16 | 18 | |
| Prepaid expenses | 11 | 10 | 16 | 7 | 4 | |
| Other current assets | 17 | 8 | 5 | 6 | 2 | |
| Other current assets of discontinued operations | 1 | 4 | 13 | 39 | 33 | |
| TOTAL CURRENT ASSETS | 323 | 297 | 230 | 228 | 200 | |
| Property and equipment, net | 28 | 25 | 15 | 891,000 | 297,000 | |
| Goodwill | 13 | 13 | 10 | 10 | 10 | |
| Other intangibles, net | 2 | 2 | — | — | — | |
| Deferred income tax assets, net | 2 | 6 | 5 | 6 | 5 | |
| Other assets | 21 | 22 | 15 | 14 | 9 | |
| Noncurrent assets of discontinued operations | 0 | 4 | 7 | 16 | 1 | |
| TOTAL ASSETS | 389 | 370 | 331 | 278 | 229 | |
| Trade accounts payable | 41 | 31 | — | — | — | |
| Accrued expenses | 51 | 49 | 49 | 36 | 38 | |
| Income taxes payable | 29 | 31 | 7 | 23 | 10 | |
| Current debt, net | 2 | 357,000 | — | — | — | |
| Due to IDT Corporation, net | 112,000 | 135,000 | — | — | — | |
| Other Liabilities, Current | 10 | 6 | — | 5 | 2 | |
| Current liabilities of discontinued operations | 3 | 5 | 5 | 11 | 52 | |
| TOTAL CURRENT LIABILITIES | 136 | 122 | 98 | 99 | 116 | |
| Noncurrent debt, net | 7 | 9 | — | — | — | |
| Other Liabilities, Noncurrent | 2 | 3 | 2 | 4 | 2 | |
| Noncurrent liabilities of discontinued operations | 0 | 705,000 | 638,000 | 686,000 | 438,000 | |
| TOTAL LIABILITIES | 145 | 135 | 146 | 104 | 119 | |
| Commitments and contingencies (Note 16 and Note 17) | — | — | — | — | — | |
| Additional paid-in capital | 158 | 159 | 156 | 147 | 143 | |
| 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 | 3 | 2 | 3 | |
| Retained earnings | 136 | 120 | 93 | 49 | −29 | |
| Total Genie Energy Ltd. stockholders equity | 251 | 246 | 197 | 187 | 123 | |
| Noncontrolling interest | −6 | −10 | −13 | — | — | |
| Receivable from issuance of equity | −422,000 | −783,000 | — | — | — | |
| Total noncontrolling interests | −6 | −11 | −13 | −13 | −12 | |
| TOTAL EQUITY | 244 | 235 | 217 | 174 | 111 | |
| TOTAL LIABILITIES AND EQUITY | 389 | 370 | 331 | 278 | 229 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 884,000 | 463,000 | 385,000 | — | |
| Deferred income taxes | 3 | −1 | 1 | — | — | |
| Provision for credit losses | 2 | 2 | 2 | 3 | 2 | |
| Stock-based compensation | 3 | 2 | 3 | 3 | 3 | |
| Inventory valuation allowance | 1 | 417,000 | 1 | — | — | |
| 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 | — | — | |
| Trade accounts receivable | 10 | 2 | 9 | −16 | −416,000 | |
| Inventory | −3 | −917,000 | 9 | 2 | −790,000 | |
| Prepaid expenses | 1 | −5 | 6 | −3 | −420,000 | |
| Other current assets and other assets | 399,000 | 2 | −448,000 | −6 | −682,000 | |
| 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 | 13 | 8 | |
| Net cash provided by operating activities of continuing operations | 44 | 60 | 51 | 66 | 24 | |
| Net cash provided by operating activities of discontinued operations | 2 | 10 | 12 | — | — | |
| Net cash provided by operating activities | 46 | 71 | 62 | 81 | 68 | |
| Purchase of marketable equity securities and other investments | −6 | −6 | −11 | −3 | −1 | |
| 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 | −5 | 3 | |
| Net cash provided by investing activities of discontinued operations | 0 | 0 | 24 | −44 | — | |
| Net cash (used in) provided by investing activities | −15 | −16 | 14 | −49 | 3 | |
| Dividends paid | −8 | −8 | −9 | −9 | −1 | |
| 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 | −11 | — | |
| Net cash used in financing activities of continuing operations | −19 | −16 | −15 | −26 | −6 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −51,000 | 7,000 | −67,000 | 17,000 | −30,000 | |
| Net increase in cash, cash equivalents and restricted cash | 12 | 39 | 61 | 6 | 65 | |
| Cash payments made for interest | 578,000 | 98,000 | 93,000 | 123,000 | 433,000 | |
| Cash payments made for income taxes | 7 | 4 | 20 | 9 | 49,000 |
Filings
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Frequently asked questions
What is Genie Energy Ltd.'s CIK number?
Genie Energy Ltd.'s SEC CIK number is 0001528356 (1528356). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Genie Energy Ltd.'s SEC filings?
All of Genie Energy Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Genie Energy Ltd. last report earnings?
Genie Energy Ltd. (GNE) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016874). This is Genie Energy Ltd.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Genie Energy Ltd.'s most recent earnings 8-K?
Genie Energy Ltd.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-016874. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Genie Energy Ltd.'s latest earnings 8-K →
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