Genie Energy Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Genie Energy 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	212	264	280	315	357	323	316	429	425	502
Cost of revenue	135	179	204	232	262	232	161	283	287	377
Gross profit	76.9	85.5	76.5	82.9	95.1	91.6	155	146	138	125
Research and development	-0.27		0.04	0.21
Selling, general and administrative	61.6	80.1	61.5	72.7	71.8	67.5	75	91.1	93.4	95.3
Selling and marketing							29.5	35.8	41.1	35.8
Operating income	-30.5	-5.98	12	9.83	21.9	24.1	77.8	55.1	44.9	27.7
Interest expense	0.02	0.31	0.4	0.53	0.33	0.43	0.13	0.1	0.46	0.67
Interest income	0.33	0.3	0.56	0.45	0.19	0.03	0.84	5.08	7.07	7.72
Other non-operating income	0.23	-0.37	0.16	1.07	0.35	0.71	-0.52	2.64	1.62
Pre-tax income	-30	-6.92	9.02	5.98	22.4	23.7	77.5	63.2	53.5	36.1
Income tax	2.22	1.73	-12.4	4.6	7.63	7.52	21	16.6	15.4	8.26
Income from continuing operations					10.9	16.3	60	12.8	15.5
Net income to minority interests	-7.67	-1.65	-1.39	-2.8	2.4	-1.37	-0.87	0.74	-0.29	-0.29
Net income	-24.5	-6.99	22.8	4.18	13.2	29.2	87.8	52.2	35.5	24
EBITDA	-29.9	-3.84	14	13.5	24.8	24.5	78.1	55.6	45.8	28.7
EPS, basic	-1.14	-0.36	0.85	0.10	0.45	1.06	3.35	2.03	1.33	0.91
EPS, diluted	-1.14	-0.36	0.83	0.10	0.44	1.05	3.26	1.99	1.31	0.90
Shares, basic (weighted)	0.02	23.5	0.03	0.03	26.1	25.9	25.6	25.6	26.8	26.3
Shares, diluted (weighted)	0.02	23.5	0.03	0.03	26.8	26.3	26.4	26.1	27.2	26.5
Dividend per share	0.24	0.30	0.30	0.30	0.33		0.30	0.30	0.30	0.30

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	35.2	29.9	41.6	31.2	31.9	93.6	98.6	159	193	204
Short-term investments					5.09	1.34	0.49	3.8	6.71	8.77
Receivables	36.9	44.6	35.9	49.8	48.4	41.3	55.1	61.9	61.9	70.1
Inventory	5.99	3.99	9.89	16.6	16.9	17.7	15.7	14.6	12.2	12.4
Other current assets	4.93	5.5	2.67	2.13	3.17	2.35	6.21	5.48	8.49	17.2
Total current assets	97.8	90.2	97.9	113	134	200	228	230	297	323
Property, plant and equipment	1.62	4.02	4.3	3.61	0.25	0.3	0.89	15.2	25.2	28.3
Lease right-of-use assets				2.36			1.89	2.14	1.82	0.87
Goodwill	8.73	10	11.1	12.1	10	10	10	10	12.7	13
Intangible assets	4.28	4.86	6.32	6.84	4.69	3.53	3.13	2.74	2.37	1.8
Long-term investments								2.61	5.67	10.1
Other non-current assets	6.55	9.65	8.48	7.38	7.48	8.92	13.9	15.2	22.4	20.6
Total assets	122	126	147	156	187	229	278	331	370	389
Accounts payable	17.3	21.1	18.5	24.4	26.9	14.5	25.3	27.9	31.2	41.1
Accrued liabilities	16.3	28.1	25.2	26.1	35	38	35.7	49.4	48.8	50.8
Deferred revenue				13.4	5.61				3.97	7.81
Short-term debt				2.51					0.36	2.14
Total current liabilities	41.1	54.7	50.8	72.2	97.5	116	99.2	98.3	122	136
Long-term debt				0.78					8.67	6.53
Lease liabilities				1.92			1.7	1.95	1.73	0.85
Other non-current liabilities	0.8	1.4	0.9	2.38	2	1.95	4.09	2.21	2.96	2.38
Total liabilities	41.9	58.7	54.2	75.3	101	119	104	146	135	145
Total debt				0.86					9.03	8.67
Paid-in capital	128	131	137	140	141	143	147	156	159	158
Retained earnings	-51.6	-67.5	-53.9	-59.7	-56.7	-29.1	49	92.9	120	136
Treasury stock	-1.6	-2.43	-1.62	-7.68	-9.84	-14	-19	-22.7	-37.5	-48.3
Other comprehensive income	1.47	3.05	2.59	2.52	3.83	3.16	1.93	3.3	3.92	4.92
Shareholders' equity	96.5	84	104	94.8	98.1	123	187	197	246	251
Minority interests	-16.7	-16.9	-11	-13.9	-12	-12.5	-13.5	-12.7	-11	-6.46
Total equity	79.9	67.1	92.7	80.9	86.1	111	174	217	235	244
Total liabilities and equity	122	126	147	156	187	229	278	331	370	389

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-32.2	-8.65	21.4	1.38	15.6	27.8	86.9	53	35.2	23.7
Depreciation and amortization	0.58	2.14	2.06	3.63	2.96	0.44	0.39	0.46	0.88	1.01
Stock-based compensation	4.81	5.21	4.52	1.1	1.13	2.82	2.97	2.83	2.39	2.54
Deferred income tax	0.14	-0.36	-13.5	3.47	7.06	-0.1	-0.6	1.38	-1.2	3.31
Change in receivables	-6.03	-8.02	7.82	-12	-2.28	-0.42	-16.3	-9.14	-2.21	-10.2
Change in inventory	5.74	2	-4.76	-6.74	-0.3	-0.79	2.01	-8.71	0.92	3
Change in payables	-9.57	15.1	-7.85	5.51	-0.41	-3.46	11.6	23	3.1
Cash from operations	15.6	9.38	19.4	15.8	23.1	68.4	80.7	62.5	70.7	46.3
Capital expenditures	-0.59	-3.29	-0.58	-0.4	-0.17	-0.13	-1.02	-1.36	-6.7
Acquisitions	-8.7	-4.18	-0.25	-2.04				-7.67	-1.34
Purchases of investments					-5	-1	-2.73	-11	-6.14	-6.17
Sales and maturities of investments								10	0.58	1.2
Cash from investing	-9.53	-16.5	-2.94	-5.77	-3.03	2.69	-49.3	13.6	-16	-15.3
Debt issued								0	7.29	0
Stock issued		0.11		1.41	0.03
Share buybacks	-0.03	-0.83	-0.89	-5.58	-1.7	-3.85	-4.41	-0.04	-10.4
Dividends paid				-9.6	-10.1	-1.48	-9.16	-8.87	-8.21	-8.02
Cash from financing	-9.69	-8.15	-4.16	-15.6	-15.2	-5.68	-25.5	-15.2	-15.8	-19.1
Exchange rate effect	0.08	0.17	-0.01	0	-0.27	-0.03
Net change in cash	-3.59	-15.1	12.3	-5.64	4.63	65.4	5.86	60.9	39	11.8
Free cash flow	15	6.09	18.8	15.3	23	68.3	79.7	61.1	64
Interest paid	0.02	0.31	0.4	0.53	0.33	0.43	0.12	0.09	0.1	0.58
Income taxes paid	0.75	0	1.77	0.7	0.74	0.05	8.57	20.4	4.42	7

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 $15.92 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	25.3%	Gross profit / revenue.
Operating margin	4.0%	Operating income / revenue.
EBITDA margin	4.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	6.6%	Pre-tax income / revenue.
Net margin	5.1%	Net income / revenue.
Operating cash flow margin	4.0%	Cash from operations / revenue.
Effective tax rate	13.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	9.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.0%	Net income / average total assets.
Return on invested capital (ROIC)	20.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	21.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	0.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	16.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-10.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-7.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	5.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-38.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-29.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	4.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-37.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-28.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	3.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-32.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-35.1%	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	12.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-31.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-34.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	15.4%	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	-34.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-16.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	14.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-1.9%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.3%	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	20.7%	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	5.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.9%	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	15.8%	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	-2.3%	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	0.2%	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	-0.2%	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
Current ratio	2.89x	Current assets / current liabilities.
Quick ratio	2.38x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.85x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.03x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.9%	Total debt / total assets.
Liabilities / assets	31.0%	Total liabilities / total assets.
Net debt	-$188.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-8.90x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	34.9x	Operating income / interest expense.
Working capital	$199.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	4.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$246.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.36x	Revenue / average total assets.
Fixed asset turnover	17.0x	Revenue / average property, plant and equipment.
Inventory turnover	24.6x	Cost of revenue / average inventory.
Days inventory	15 days	365 x average inventory / cost of revenue.
Receivables turnover	8.98x	Revenue / average receivables.
Days sales outstanding	41 days	365 x average receivables / revenue.
Days payables	29 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	26 days	Days inventory + days sales outstanding - days payables.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.95	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	$19.21	Revenue / diluted weighted shares.
Operating cash flow per share	$0.76	Cash from operations / diluted weighted shares.
Book value per share	$10.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.41	Tangible book value / shares outstanding.
Cash per share	$7.46	(Cash + short-term investments) / shares outstanding.
Payout ratio	31.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$419.0M	Share price x shares outstanding.
Enterprise value	$230.8M	Market cap + total debt - cash - short-term investments.
P/E	16.3x	Market cap / net income. Only when net income is positive.
P/S	0.83x	Market cap / revenue.
P/B	1.60x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.70x	Market cap / tangible book value, when positive.
P/OCF	21.0x	Market cap / cash from operations, when positive.
EV/Sales	0.46x	Enterprise value / revenue.
EV/EBIT	11.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.9x	Enterprise value / EBITDA, when both are positive.
Earnings yield	6.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.9%	Dividends paid over the period / market cap.
Shareholder yield	1.9%	(Dividends paid + share buybacks) / market cap.

What was Genie Energy Ltd.'s revenue in fiscal 2025?

Genie Energy Ltd. reported revenue of $502.0M for fiscal 2025, 18.1% higher than the year before.

Was Genie Energy Ltd. profitable in fiscal 2025?

Yes. Net income was $24.0M, a net margin of 4.8%.

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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