Greenlight Capital Re (GLRE) financial statements
Greenlight Capital Re reported revenue of $730M in fiscal 2025, up 2.4% a year over 9 years.
Net income was $75M and the operating margin 10.7%, against 8.0% in 2016.
The diluted share count fell 8% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Greenlight Capital Re's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $588M | $646M | $183M | $538M | $484M | $589M | $527M | $667M | $696M | $730M |
| Selling, general and admin | $26M | $26M | $25M | $30M | $26M | $29M | $32M | $43M | — | — |
| Operating income | $47M | -$45M | -$354M | -$4M | $4M | $21M | $25M | $87M | $44M | $78M |
| Interest expense | $0 | $0 | $3M | $6M | $6M | — | — | — | — | — |
| Pre-tax income | $47M | -$45M | -$354M | — | — | — | — | $87M | $44M | $78M |
| Income tax | $509,000 | -$451,000 | $332,000 | $483,000 | $424,000 | $4M | -$816,000 | $100,000 | $749,000 | $3M |
| Net income | $45M | -$45M | -$350M | -$4M | $4M | $18M | $25M | $87M | $43M | $75M |
| EPS (diluted) | $1.20 | -$1.21 | -$9.74 | -$0.11 | $0.11 | $0.51 | $0.73 | $2.50 | $1.24 | $2.17 |
| Diluted shares | 37M | 37M | 36M | 36M | 36M | 34M | 40M | 35M | 35M | 35M |
| Operating margin | 8.0% | -6.9% | -193.4% | -0.7% | 0.9% | 3.6% | 4.7% | 13.0% | 6.3% | 10.7% |
| Net margin | 7.6% | -7.0% | -191.3% | -0.7% | 0.8% | 3.0% | 4.8% | 13.0% | 6.2% | 10.3% |
Balance sheet
Fiscal years, from Greenlight Capital Re's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.2B | $27M | $18M | $26M | $9M | $76M | $38M | $51M | $65M | $112M |
| Receivables | — | — | — | — | — | — | $506M | $619M | $704M | $664M |
| Property, plant and equipment | $698,000 | — | — | — | — | — | — | — | — | — |
| Total assets | $2.7B | $3.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.6B | $1.7B | $2.0B | $2.2B |
| Total liabilities | $1.8B | $2.5B | $956M | $878M | $893M | $952M | $1.1B | $1.1B | $1.4B | $1.5B |
| Shareholders' equity | $874M | $831M | $477M | $477M | $465M | $476M | $503M | $596M | $636M | $708M |
| Net debt | -$1.2B | -$27M | -$18M | -$26M | -$9M | -$76M | -$38M | -$51M | -$65M | -$112M |
Cash flow
Fiscal years, from Greenlight Capital Re's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$36M | $94M | -$59M | $2M | -$91M | -$56M | -$32M | $8M | $112M | $210M |
| Stock-based compensation | $4M | $5M | $5M | $4M | $2M | $3M | $5M | $6M | $4M | $7M |
| Share buybacks (net) | $0 | -$3M | -$17M | $0 | -$18M | -$10M | -$35,000 | $0 | -$7M | -$10M |
| Net borrowing | — | — | — | — | — | — | — | -$947,000 | -$14M | -$55M |
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What was Greenlight Capital Re's revenue in 2025?
$730M in fiscal 2025, from its 10-K filing.
From Greenlight Capital Re's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.