Genie Energy (GNE) financial statements
Genie Energy reported revenue of $502M in fiscal 2025, up 10.0% a year over 9 years.
Net income was $24M and the operating margin 5.5%, against -14.4% in 2016.
The diluted share count rose 16% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Genie Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $212M | $264M | $280M | $315M | $357M | $323M | $316M | $429M | $425M | $502M |
| Cost of revenue | $135M | $179M | $204M | $232M | $262M | $232M | $161M | $283M | $287M | $377M |
| Gross profit | $77M | $86M | $77M | $83M | $95M | $92M | $155M | $146M | $138M | $125M |
| Research and development | -$269,000 | — | $39,000 | $207,000 | — | — | — | — | — | — |
| Selling, general and admin | $62M | $80M | $62M | $73M | $72M | $68M | $75M | $91M | $93M | $95M |
| Operating income | -$31M | -$6M | $12M | $10M | $22M | $24M | $78M | $55M | $45M | $28M |
| Interest expense | $19,000 | $310,000 | $401,000 | $530,000 | $328,000 | $427,000 | $129,000 | $99,000 | $464,000 | $670,000 |
| Pre-tax income | -$30M | -$7M | $9M | $6M | $22M | $24M | $78M | $63M | $53M | $36M |
| Income tax | $2M | $2M | -$12M | $5M | $8M | $8M | $21M | $17M | $15M | $8M |
| Net income | -$25M | -$7M | $23M | $4M | $13M | $29M | $88M | $52M | $36M | $24M |
| EPS (diluted) | -$1.14 | -$0.36 | $0.83 | $0.10 | $0.44 | $1.05 | $3.26 | $1.99 | $1.31 | $0.90 |
| Diluted shares | 23M | 24M | 26M | 0M | 27M | 26M | 26M | 26M | 27M | 27M |
| Gross margin | 36.3% | 32.4% | 27.3% | 26.3% | 26.6% | 28.3% | 49.1% | 34.1% | 32.6% | 24.8% |
| Operating margin | -14.4% | -2.3% | 4.3% | 3.1% | 6.1% | 7.5% | 24.6% | 12.9% | 10.6% | 5.5% |
| Net margin | -11.6% | -2.6% | 8.1% | 1.3% | 3.7% | 9.0% | 27.8% | 12.2% | 8.4% | 4.8% |
Balance sheet
Fiscal years, from Genie Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $30M | $42M | $31M | $37M | $95M | $99M | $159M | $193M | $204M |
| Receivables | $37M | $45M | $36M | $50M | $48M | $41M | $55M | $62M | $62M | $70M |
| Inventory | $6M | $4M | $10M | $17M | $17M | $18M | $16M | $15M | $12M | $12M |
| Total current assets | $98M | $90M | $98M | $113M | $134M | $200M | $228M | $230M | $297M | $323M |
| Property, plant and equipment | $2M | $4M | $4M | $4M | $247,000 | $297,000 | $891,000 | $15M | $25M | $28M |
| Goodwill | $9M | $10M | $11M | $12M | $10M | $10M | $10M | $10M | $13M | $13M |
| Total assets | $122M | $126M | $147M | $156M | $187M | $229M | $278M | $331M | $370M | $389M |
| Total current liabilities | $41M | $55M | $51M | $72M | $97M | $116M | $99M | $98M | $122M | $136M |
| Long-term debt | — | — | — | — | — | — | — | — | $9M | $7M |
| Total liabilities | $42M | $59M | $54M | $75M | $101M | $119M | $104M | $146M | $135M | $145M |
| Shareholders' equity | $97M | $84M | $104M | $95M | $98M | $123M | $187M | $197M | $246M | $251M |
| Net debt | -$35M | -$30M | -$42M | -$31M | -$32M | -$94M | -$99M | -$159M | -$184M | -$195M |
Cash flow
Fiscal years, from Genie Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16M | $9M | $19M | $16M | $23M | $68M | $81M | $62M | $71M | $46M |
| Capital spending | $586,000 | $3M | $584,000 | $404,000 | $167,000 | $126,000 | $1M | $1M | $7M | — |
| Free cash flow | $15M | $6M | $19M | $15M | $23M | $68M | $80M | $61M | $64M | — |
| Stock-based compensation | $5M | $5M | $5M | $1M | $1M | $3M | $3M | $3M | $2M | $3M |
| Dividends paid | — | — | — | $10M | $10M | $1M | $9M | $9M | $8M | $8M |
| Share buybacks (net) | -$29,000 | -$829,000 | -$889,000 | -$6M | -$2M | -$4M | -$4M | -$37,000 | -$10M | — |
| Net borrowing | — | — | — | — | — | — | — | $0 | $7M | $0 |
| Free cash flow margin | 7.1% | 2.3% | 6.7% | 4.9% | 6.4% | 21.1% | 25.2% | 14.3% | 15.1% | — |
| Dividends per share | — | — | — | $349.37 | $0.38 | $0.06 | $0.35 | $0.34 | $0.30 | $0.30 |
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What was Genie Energy's revenue in 2025?
$502M in fiscal 2025, from its 10-K filing.
From Genie Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.