Genie Energy Ltd. (GNE) Financial Statements (2026 and earlier)

Company Profile

Business Address 520 BROAD STREET
NEWARK, NJ 07012
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4931 - Electric and Other Services Combined (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203,516104,456108,00599,06196,82842,002
Cash and cash equivalent203,516104,456107,60998,57195,49236,913
Short-term investments   3964901,3365,089
Restricted cash and investments7,93626,60810,4426,0076,6576,271
Receivables70,06261,85861,90955,13452,35760,778
Inventory, net of allowances, customer advances and progress billings12,37012,18814,59815,71417,72016,930
Inventory12,37012,18814,59815,71417,72016,930
Prepaid expense10,5679,89316,2226,8224,9944,633
Disposal group, including discontinued operation1,4193,59413,18238,688  
Other current assets17,1548,4935,4756,20721,7893,206
Other undisclosed current assets409357    
Total current assets:323,433227,447229,833227,633200,345133,820
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization28,30325,24615,192891297259
Long-term investments and receivables      747
Long-term investments      747
Intangible asset, including goodwill, after accumulated amortization14,78215,11612,73313,13115,40337,574
Goodwill12,97812,7499,9989,99811,75525,929
Intangible asset, excluding goodwill, after accumulated amortization1,8042,3672,7353,1333,64811,645
Disposal group, including discontinued operation, noncurrent assets  4,4667,40516,305  
Deferred income tax assets2,3097,0555,2005,7994,2594,882
Other noncurrent assets20,55322,36515,24713,8569,16110,057
Other undisclosed noncurrent assets  69,58044,945   
Total noncurrent assets:65,947143,828100,72249,98229,12053,519
TOTAL ASSETS:389,380371,275330,555277,615229,465187,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:91,87648,79349,38935,65939,52342,762
Employee-related liabilities✕✕✕✕✕9,0719,558
Accounts payable41,09431,23327,88125,313  
Accrued liabilities50,78248,79349,38935,659  
Other undisclosed accounts payable and accrued liabilities  (31,233)(27,881)(25,313)30,45233,204
Deferred revenue      5,609
Debt2,139    1,453
Disposal group, including discontinued operation2,9964,5854,85810,93630,766 
Other liabilities10,052  4,5492,1252,494
Due to related parties✕✕✕✕165532257
Other undisclosed current liabilities28,96356,43444,00547,88943,34644,898
Total current liabilities:136,026109,81298,25299,198116,29297,473
Noncurrent Liabilities
Long-term debt and lease obligation6,5298,668    
Long-term debt, excluding current maturities6,5298,668    
Liabilities, other than long-term debt2,37973,24447,7954,7732,3843,787
Accounts payable and accrued liabilities  69,58044,945   
Disposal group, including discontinued operation, liabilities  705638686  
Other liabilities2,3792,9592,2124,0872,3843,787
Total noncurrent liabilities:8,90881,91247,7954,7732,3843,787
Total liabilities:144,934191,724146,047103,971118,676101,260
Equity
Equity, attributable to parent, including:250,902190,508197,239187,118123,28598,095
Preferred stock    8,35919,74319,743
Treasury stock, value(48,274)(37,486)(22,661)(19,010)(14,034)(9,839)
Additional paid in capital157,763159,192156,101146,546143,249140,746
Accumulated other comprehensive income4,9213,9193,2991,9263,1603,827
Retained earnings (accumulated deficit)136,18364,57460,19649,010(29,115)(56,658)
Other undisclosed equity, attributable to parent309309304287282276
Equity, attributable to noncontrolling interest(6,456)(10,957)(12,731)(13,474)(12,496)(12,016)
Total equity:244,446179,551184,508173,644110,78986,079
TOTAL LIABILITIES AND EQUITY:389,380371,275330,555277,615229,465187,339

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues501,971425,202428,708315,539363,725379,312
Cost of revenue(377,286)(286,719)(282,502)(160,757)(258,864)(281,627)
Gross profit:124,685138,483146,206154,782104,86197,685
Operating expenses(96,968)(96,824)(91,109)(77,028)(71,770)(78,348)
Other undisclosed operating income (loss) (30,369)(45,088)   
Operating income:27,71711,29010,00977,75433,09119,337
Nonoperating income9,0948,6927,7203154,967829
Investment income, nonoperating9,0947,0725,0768354,260190
Other nonoperating income (expense) 1,6202,644(520)707639
Interest and debt expense(670)(464)(99)(129)(427)(328)
Income from continuing operations before equity method investments, income taxes:36,14119,51817,63077,94037,63119,838
Loss from equity method investments      (1,443)
Other undisclosed income (loss) from continuing operations before income taxes  351478(417)(4,970)5,473
Income from continuing operations before income taxes:36,14119,86918,10877,52332,66123,868
Income tax expense(8,262)(4,667)(4,239)(21,037)(8,789)(8,314)
Income from continuing operations:27,87915,20213,86956,48623,87215,554
Income before gain (loss) on sale of properties:✕✕✕✕✕27,84215,554
Income (loss) from discontinued operations(4,164)(2,907)6,40930,4453,970 
Net income:23,71512,29520,27886,93127,84215,554
Net income (loss) attributable to noncontrolling interest291293(740)8741,372(2,399)
Net income attributable to parent:24,00612,58819,53887,80529,21413,155
Preferred stock dividends and other adjustments   (333)(1,939)(1,678)(1,481)
Net income available to common stockholders, diluted:24,00612,58819,20585,86627,53611,674

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:23,71512,29520,27886,93127,84215,554
Other comprehensive income (loss)1,7801,2891,376(2,697)(290)792
Other undisclosed comprehensive loss      
Comprehensive income:25,49513,58421,65484,23427,55216,346
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(487)(364)(743)1041,177(1,877)
Comprehensive income, net of tax, attributable to parent:25,00813,22020,91184,33828,72914,469

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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