Genie Energy Ltd. (GNE) Financial Statements (2025 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
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 104,456 | 136,295 | 122,342 | 106,932 | 108,005 | 140,240 | |||
| Cash and cash equivalent | 104,456 | 136,295 | 122,342 | 106,560 | 107,609 | 139,829 | |||
| Short-term investments | 372 | 396 | 411 | ||||||
| Restricted cash and investments | 26,608 | 7,686 | 9,178 | 9,918 | 10,442 | 3,574 | |||
| Receivables | 61,858 | 50,335 | 54,228 | 60,087 | 61,909 | 60,682 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,188 | 8,513 | 5,637 | 18,460 | 14,598 | 15,306 | |||
| Inventory | 12,188 | 8,513 | 5,637 | 18,460 | 14,598 | 15,306 | |||
| Prepaid expense | 9,893 | 11,408 | 11,743 | 15,049 | 16,222 | 11,891 | |||
| Disposal group, including discontinued operation | 3,594 | 6,280 | 7,080 | 11,292 | 13,182 | 33,923 | |||
| Other current assets | 8,493 | 6,726 | 5,576 | 6,085 | 5,475 | 4,625 | |||
| Other undisclosed current assets | 357 | 420 | 344 | ||||||
| Total current assets: | 227,447 | 227,663 | 216,128 | 227,823 | 229,833 | 270,241 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 25,246 | 22,396 | 20,234 | 16,139 | 15,192 | 6,112 | |||
| Intangible assets, net (including goodwill) | 15,116 | 15,149 | 15,209 | 12,641 | 12,733 | 12,832 | |||
| Goodwill | 12,749 | 12,690 | 12,658 | 9,998 | 9,998 | 9,998 | |||
| Intangible assets, net (excluding goodwill) | 2,367 | 2,459 | 2,551 | 2,643 | 2,735 | 2,834 | |||
| Disposal group, including discontinued operation, noncurrent assets | 4,466 | 5,184 | 4,295 | 4,533 | 7,405 | 7,553 | |||
| Deferred income tax assets | 7,055 | 5,197 | 5,209 | 5,200 | 5,200 | 5,799 | |||
| Other noncurrent assets | 22,365 | 18,821 | 15,308 | 16,427 | 15,247 | 13,150 | |||
| Other undisclosed noncurrent assets | 69,580 | 47,271 | 46,400 | 45,541 | 44,945 | ||||
| Total noncurrent assets: | 143,828 | 114,018 | 106,655 | 100,481 | 100,722 | 45,446 | |||
| TOTAL ASSETS: | 371,275 | 341,681 | 322,783 | 328,304 | 330,555 | 315,687 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 48,793 | 44,211 | 35,288 | 53,821 | 49,389 | 44,839 | |||
| Accounts payable | 31,233 | 23,679 | 26,585 | 22,407 | 27,881 | 24,857 | |||
| Accrued liabilities | 48,793 | 44,211 | 36,288 | 53,821 | 49,389 | 45,444 | |||
| Other undisclosed accounts payable and accrued liabilities | (31,233) | (23,679) | (27,585) | (22,407) | (27,881) | (25,462) | |||
| Debt | |||||||||
| Disposal group, including discontinued operation | 4,585 | 1,637 | 4,790 | 8,516 | 4,858 | 10,736 | |||
| Other undisclosed current liabilities | 56,434 | 42,977 | 43,302 | 38,248 | 44,005 | 50,216 | |||
| Total current liabilities: | 109,812 | 88,825 | 83,380 | 100,585 | 98,252 | 105,791 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,668 | 1,775 | |||||||
| Long-term debt, excluding current maturities | 8,668 | 1,775 | |||||||
| Liabilities, other than long-term debt | 73,244 | 50,795 | 49,849 | 48,304 | 47,795 | 2,527 | |||
| Accounts payable and accrued liabilities | 69,580 | 47,271 | 46,400 | 45,541 | 44,945 | ||||
| Disposal group, including discontinued operation, liabilities | 705 | 703 | 678 | 681 | 638 | 668 | |||
| Other liabilities | 2,959 | 2,821 | 2,771 | 2,082 | 2,212 | 1,859 | |||
| Total noncurrent liabilities: | 81,912 | 52,570 | 49,849 | 48,304 | 47,795 | 2,527 | |||
| Total liabilities: | 191,724 | 141,395 | 133,229 | 148,889 | 146,047 | 108,318 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 190,508 | 211,099 | 202,078 | 192,856 | 197,239 | 220,955 | |||
| Treasury stock, value | (37,486) | (34,951) | (31,849) | (29,285) | (22,661) | (22,469) | |||
| Additional paid in capital | 159,192 | 158,570 | 158,007 | 157,549 | 156,101 | 154,948 | |||
| Accumulated other comprehensive income (loss) | 3,919 | 5,212 | 1,836 | (1,911) | 3,299 | 1,413 | |||
| Retained earnings | 64,574 | 81,959 | 73,779 | 66,198 | 60,196 | 86,759 | |||
| Other undisclosed equity, attributable to parent | 309 | 309 | 305 | 305 | 304 | 304 | |||
| Equity, attributable to noncontrolling interest | (10,957) | (10,813) | (12,524) | (13,441) | (12,731) | (13,586) | |||
| Total equity: | 179,551 | 200,286 | 189,554 | 179,415 | 184,508 | 207,369 | |||
| TOTAL LIABILITIES AND EQUITY: | 371,275 | 341,681 | 322,783 | 328,304 | 330,555 | 315,687 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 102,902 | 111,917 | 90,696 | 119,688 | 104,921 | 125,049 | ||
| Gain (loss) on disposition of assets for financial service operations | (2,900) | |||||||
| Cost of revenue | (69,448) | (74,010) | (57,360) | (85,902) | (71,291) | (83,967) | ||
| Gross profit: | 33,454 | 37,907 | 33,336 | 33,786 | 33,630 | 41,082 | ||
| Operating expenses | (26,549) | (25,240) | (22,133) | (22,901) | (22,729) | (23,196) | ||
| Other undisclosed operating loss | (27,702) | (991) | (640) | (1,036) | (45,088) | |||
| Operating income (loss): | (20,797) | 11,676 | 10,563 | 9,849 | (34,187) | 17,886 | ||
| Nonoperating income | 2,245 | 2,402 | 2,624 | 1,420 | 1,270 | 1,327 | ||
| Investment income, nonoperating | 2,023 | 2,346 | 1,362 | 1,340 | 1,763 | 1,331 | ||
| Other nonoperating income (expense) | 222 | 56 | 1,262 | 80 | (493) | (4) | ||
| Interest and debt expense | (79) | (22) | (331) | (32) | (24) | (27) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (18,631) | 14,056 | 12,856 | 11,237 | (32,941) | 19,186 | ||
| Other undisclosed income from continuing operations before income taxes | 2 | 122 | 110 | 117 | 93 | 334 | ||
| Income (loss) from continuing operations before income taxes: | (18,629) | 14,178 | 12,966 | 11,354 | (32,848) | 19,520 | ||
| Income tax expense (benefit) | 5,642 | (3,924) | (3,465) | (2,920) | 8,712 | (5,018) | ||
| Income (loss) from continuing operations: | (12,987) | 10,254 | 9,501 | 8,434 | (24,136) | 14,502 | ||
| Income (loss) from discontinued operations | (2,472) | (25) | (145) | (265) | 486 | (304) | ||
| Net income (loss): | (15,459) | 10,229 | 9,356 | 8,169 | (23,650) | 14,198 | ||
| Net income (loss) attributable to noncontrolling interest | 114 | (30) | 256 | (46) | (858) | 261 | ||
| Net income (loss) available to common stockholders, diluted: | (15,345) | 10,199 | 9,612 | 8,123 | (24,508) | 14,459 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (15,459) | 10,229 | 9,356 | 8,169 | (23,650) | 14,198 | ||
| Other comprehensive income (loss) | 4,136 | 3,646 | (5,082) | (552) | ||||
| Other undisclosed comprehensive income (loss) | (1,411) | 1,884 | ||||||
| Comprehensive income (loss): | (16,870) | 14,365 | 13,002 | 3,087 | (21,766) | 13,646 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 231 | (790) | (174) | (46) | (855) | 261 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (16,639) | 13,575 | 12,828 | 3,041 | (22,621) | 13,907 | ||
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.