GREENLIGHT CAPITAL RE, LTD. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GREENLIGHT CAPITAL RE, LTD. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	588	646	183	538	484	589	527	667	696	730
General and administrative	25.8	26.4	25.2	29.8	26.4	29.4	31.6	43.2
Interest expense	0	0	2.51	6.26	6.28
Interest income		25.5	35.5	16.1	5.42	0.2	10.9
Pre-tax income	47.2	-44.8	-354					86.9	43.6	78.3
Income tax	0.51	-0.45	0.33	0.48	0.42	3.75	-0.82	0.1	0.75	3.48
Net income to minority interests	1.82	0.58	-4.28	0
Net income	44.9	-45	-350	-3.99	3.87	17.6	25.3	86.8	42.8	74.8
EPS, basic	1.20	-1.21	-9.74	-0.11	0.11	0.51	0.75	2.55	1.26	2.21
EPS, diluted	1.20	-1.21	-9.74	-0.11	0.11	0.51	0.73	2.50	1.24	2.17
Shares, basic (weighted)	37.3	37	36	36.1	36.2	34.2	33.9	34.1	34.1	33.8
Shares, diluted (weighted)	37.3	37	36	36.1	36.3	34.4	39.8	34.8	34.7	34.5

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,243	27.3	18.2	25.8	8.94	76.3	38.2	51.1	64.7	112
Property, plant and equipment	0.7
Lease right-of-use assets				0.2	0.1	2.4	1.9	1.4	0.9	2.7
Total assets	2,665	3,357	1,435	1,355	1,358	1,427	1,580	1,735	2,016	2,170
Total liabilities	1,773	2,506	956	878	893	952	1,077	1,139	1,380	1,462
Total debt							80.5	73.3	60.7	4.72
Paid-in capital	500	503	500	504	488	482	478	485	482	479
Retained earnings	370	324	-26.1	-30.1	-27.1	-9.51	21.2	108	151	226
Shareholders' equity	874	831	478	477	465	476	503	596	636	708
Minority interests	11.6	12.9	0.49	0
Total equity	886	844	478	477	465	476	503	596	636	708
Total liabilities and equity	2,665	3,357	1,435	1,355	1,358	1,427	1,580	1,735	2,016	2,170
Shares outstanding							0	35.3	34.8	33.9

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	46.7	-44.4	-354	-3.99	3.87	17.6	25.3	86.8	42.8	74.8
Stock-based compensation	3.97	4.85	4.62	3.88	2.48	3.23	4.68	6.15	4.46	7.09
Deferred income tax	0.02	0.01	0
Cash from operations	-35.8	94.4	-59.3	1.63	-91.3	-56.3	-31.8	7.51	112	210
Cash from investing	-67.4	202	-845	63.3	95.6	23.1	47	-53.1	-96.6	-149
Debt repaid					0	0	-19.8	-0.95	-13.8	-55.3
Share buybacks	0	-2.82	-16.5	0	-17.8	-10	-0.04	0	-7.49	-9.83
Cash from financing	0	-2.82	80.1	0	-17.8	-10	-19.8	-5.29	-21.2	-65.1
Exchange rate effect		-4.72	-3.37	-0.29	-0.12	0	0.06	0.1	-0.35	-1.26
Net change in cash	-106	289	-828	64.7	-13.6	-43.2	-4.55	-50.8	-6.64	-5.36
Interest paid	7.82	10.1	11.1	3.93	4	4	4.12	5.12	5.19	4.76
Income taxes paid	0	0	0	0	0	3.7	0.66	-1.02	0.22	1.22

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.89 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	7.5%	Net income / revenue.
Operating cash flow margin	29.3%	Cash from operations / revenue.
Return on equity (ROE)	7.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.3%	Net income / average total assets.
Stock-based pay / revenue	1.1%	Stock-based compensation (from the cash flow statement) / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	11.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	8.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	74.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	43.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	80.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	75.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	43.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	81.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	88.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	11.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	9.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.01x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.4%	Total debt / total assets.
Liabilities / assets	68.8%	Total liabilities / total assets.
Net debt	-$67.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$697.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.31x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.54	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$20.64	Revenue / diluted weighted shares.
Operating cash flow per share	$6.04	Cash from operations / diluted weighted shares.
Book value per share	$21.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$21.22	Tangible book value / shares outstanding.
Cash per share	$2.32	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$486.0M	Share price x shares outstanding.
Enterprise value	$418.5M	Market cap + total debt - cash - short-term investments.
P/E	9.52x	Market cap / net income. Only when net income is positive.
P/S	0.71x	Market cap / revenue.
P/B	0.70x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.70x	Market cap / tangible book value, when positive.
P/OCF	2.43x	Market cap / cash from operations, when positive.
EV/Sales	0.61x	Enterprise value / revenue.
Earnings yield	10.5%	Net income / market cap (the inverse of P/E).
Shareholder yield	4.9%	(Dividends paid + share buybacks) / market cap.
PEG	0.22x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was GREENLIGHT CAPITAL RE, LTD.'s revenue in fiscal 2025?

GREENLIGHT CAPITAL RE, LTD. reported revenue of $729.8M for fiscal 2025, 4.8% higher than the year before.

Was GREENLIGHT CAPITAL RE, LTD. profitable in fiscal 2025?

Yes. Net income was $74.8M, a net margin of 10.3%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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