GNE

MKT CAP:$367M

Genie Energy Ltd.

Market Cap

$367M

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$13.82+$0.14 (+1.02%)

Apr 24, 2026

Company Details

Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Ene...

CEO

Michael Stein

IPO Date

Oct 26, 2011

Website

www.genie.com

Key Metrics TTM

Revenue

$483M

+13.1% YoY

Net Income

$5M

EPS (Diluted)

$0.20

Free Cash Flow

$35M

Revenue / Share

$18.31

Gross Margin

25.7%

Operating Margin

0.2%

Net Margin

1.0%

FCF Margin

7.2%

P/S

0.8x

P/E

75.6x

Earnings Reports

Q3 2025

Nov 6, 2025

$138M+23.6%EPS $0.26

Q2 2025

Aug 7, 2025

$105M+16.0%EPS $0.11

Q1 2025

May 9, 2025

$137M+14.3%EPS $0.40

FY 2024

Mar 14, 2025

$425M-0.8%EPS $0.46

Q4 2024

Mar 14, 2025

$103M-1.9%EPS -$0.57

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$18M	-$15M	$31M
Q1 22	$86M	$47M	$27M
Q2 22	$67M	$30M	$12M
Q3 22	$81M	$43M	$24M
Q4 22	$81M	$35M	$15M
Q1 23	$105M	$33M	$11M
Q2 23	$93M	$38M	$15M
Q3 23	$125M	$41M	$18M
Q4 23	$105M	$34M	-$34M
Q1 24	$120M	$34M	$10M
Q2 24	$91M	$33M	$11M
Q3 24	$112M	$38M	$12M
Q4 24	$103M	$33M	-$21M
Q1 25	$137M	$37M	$13M
Q2 25	$105M	$23M	$2M
Q3 25	$138M	$30M	$7M

Valuation

Quarter	P/S	P/E
Q4 21	0.5x	4.7x
Q1 22	0.7x	3.5x
Q2 22	0.9x	2.9x
Q3 22	0.9x	2.4x
Q4 22	0.9x	3.1x
Q1 23	1.1x	4.4x
Q2 23	1.0x	5.7x
Q3 23	1.0x	6.6x
Q4 23	1.7x	37.4x
Q1 24	0.9x	31.7x
Q2 24	0.9x	51.4x
Q3 24	1.0x	126.9x
Q4 24	1.0x	33.0x
Q1 25	0.9x	26.3x
Q2 25	1.5x	85.2x
Q3 25	0.8x	81.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$68M	$68M
Q1 22	$18M	$18M
Q2 22	$9M	$9M
Q3 22	$26M	$25M
Q4 22	$28M	$28M
Q1 23	$11M	$11M
Q2 23	$9M	$9M
Q3 23	$32M	$31M
Q4 23	$10M	$2M
Q1 24	$13M	$10M
Q2 24	$20M	$20M
Q3 24	$24M	$22M
Q4 24	$13M	$10M
Q1 25	$15M	$14M
Q2 25	$1M	-$793.0K
Q3 25	$14M	$12M

Capital Expenditures

Quarter	CapEx
Q4 21	$32.0K
Q1 22	$59.0K
Q2 22	$1.0K
Q3 22	$998.0K
Q4 22	$39.0K
Q1 23	$98.0K
Q2 23	$463.0K
Q3 23	$317.0K
Q4 23	$8M
Q1 24	$3M
Q2 24	$356.0K
Q3 24	$2M
Q4 24	$3M
Q1 25	$2M
Q2 25	$2M
Q3 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	-83.0%	-113.4%
Q1 22	-20.1%	-47.8%
Q2 22	-12.4%	-23.2%
Q3 22	-7.3%	-31.2%
Q4 22	+364.7%	+573.4%
Q1 23	+22.5%	+59.4%
Q2 23	+39.6%	+42.2%
Q3 23	+53.8%	+85.6%
Q4 23	+28.9%	+111.1%
Q1 24	+13.7%	+16.8%
Q2 24	-3.0%	+2.2%
Q3 24	-10.5%	-6.5%
Q4 24	-1.9%	-11.1%
Q1 25	+14.3%	+12.9%
Q2 25	+16.0%	+28.8%
Q3 25	+23.6%	+31.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$1M	7.6%
Q1 22	$840.0K	1.0%
Q2 22	$0	0.0%
Q3 22	$713.0K	0.9%
Q4 22	$736.0K	0.9%
Q1 23	$0	0.0%
Q2 23	$749.0K	0.8%
Q3 23	$606.0K	0.5%
Q4 23	$0	0.0%
Q1 24	$749.0K	0.6%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$739.0K	0.5%
Q2 25	$606.0K	0.6%
Q3 25	$593.0K	0.4%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	$11M	$7M	—
Q1 22	—	—	$20M
Q2 22	—	—	$18M
Q3 22	—	—	$20M
Q4 22	$10M	$7M	—
Q1 23	—	—	$22M
Q2 23	—	—	$23M
Q3 23	—	—	$23M
Q4 23	—	—	$23M
Q1 24	—	—	$23M
Q2 24	—	—	$22M
Q3 24	—	—	$25M
Q4 24	—	—	$23M
Q1 25	—	—	$24M
Q2 25	—	—	$21M
Q3 25	—	—	$23M

Revenue Segments

Quarter	Electricity	Oil and Gas	Product and Service, Other	Genie Energy Services	Genie Retail Energy
Q4 21	$26M	-$10M	$2M	—	—
Q3 22	—	—	—	$1M	$80M
Q4 22	$56M	$21M	$4M	—	—
Q1 23	—	—	—	$4M	$101M
Q2 23	—	—	—	$4M	$90M
Q3 23	$114M	$5M	$6M	—	—
Q1 24	$89M	$22M	$8M	—	—
Q2 24	$78M	$8M	$4M	—	—
Q3 24	$101M	$5M	$6M	—	—
Q1 25	$104M	$28M	$4M	—	—
Q2 25	$90M	$9M	$6M	—	—
Q3 25	$127M	$6M	$6M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$94M	$1M	$95M
Q1 22	$88M	$657.0K	$89M
Q2 22	$61M	$490.0K	$62M
Q3 22	$82M	$471.0K	$82M
Q4 22	$99M	$490.0K	$99M
Q1 23	$105M	$5M	$110M
Q2 23	$111M	$452.0K	$111M
Q3 23	$140M	$411.0K	$140M
Q4 23	$108M	$396.0K	$108M
Q1 24	$107M	$372.0K	$107M
Q2 24	$122M	$344.0K	$123M
Q3 24	$136M	$420.0K	$137M
Q4 24	$104M	$357.0K	$105M
Q1 25	$113M	$405.0K	$113M
Q2 25	$105M	$600.0K	$106M
Q3 25	$109M	$472.0K	$110M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	26M	0.0%	-3.4%
Q1 22	26M	+2.4%	+0.5%
Q2 22	26M	-0.2%	-0.6%
Q3 22	26M	+0.5%	+2.7%
Q4 22	26M	+1.1%	+3.8%
Q1 23	27M	+0.5%	+1.9%
Q2 23	26M	-1.1%	+1.0%
Q3 23	27M	+4.0%	+4.4%
Q4 23	27M	-2.4%	+0.8%
Q1 24	27M	+2.2%	+2.5%
Q2 24	27M	-1.0%	+2.7%
Q3 24	27M	-0.6%	-1.8%
Q4 24	27M	+0.1%	+0.7%
Q1 25	27M	-1.0%	-2.5%
Q2 25	27M	-0.4%	-1.9%
Q3 25	26M	-0.5%	-1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$94.2K	186
Q1 22	$462.0K	186
Q2 22	$359.9K	186
Q3 22	$437.0K	186
Q4 22	$651.1K	125
Q1 23	$842.2K	125
Q2 23	$747.7K	125
Q3 23	$1M	125
Q4 23	$659.9K	159
Q1 24	$752.8K	159
Q2 24	$570.4K	159
Q3 24	$703.9K	159
Q4 24	$553.2K	186
Q1 25	$735.5K	186
Q2 25	$565.9K	186
Q3 25	$743.7K	186

Revenue / Employee