GNE

MKT CAP:$367M

Genie Energy Ltd.

Market Cap

$367M

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$13.68+$0.00 (+0.00%)

Apr 23, 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

$474M

+26.2% YoY

Net Income

$32M

EPS (Diluted)

$1.19

Free Cash Flow

$45M

Revenue / Share

$17.86

Gross Margin

28.0%

Operating Margin

7.7%

Net Margin

6.7%

FCF Margin

9.5%

P/S

0.8x

P/E

11.5x

Earnings Reports

Q2 2025

Aug 7, 2025

$105MEPS $0.11

Q1 2025

May 9, 2025

$137M+14.3%EPS $0.40

Q3 2024

Nov 7, 2024

$112M-10.5%EPS $0.38

Q1 2024

May 9, 2024

$120MEPS $0.30

Q3 2023

Nov 8, 2023

$125M+53.8%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$82M	$22M	$2M
Q2 20	$76M	$19M	$3M
Q3 20	$96M	$27M	$8M
Q3 21	$88M	$21M	$4M
Q3 22	$81M	$43M	$24M
Q4 22	$81M	$35M	$15M
Q3 23	$125M	$41M	$18M
Q1 24	$120M	$34M	$10M
Q3 24	$112M	$38M	$12M
Q1 25	$137M	$37M	$13M
Q2 25	$105M	$23M	$2M

Valuation

Quarter	P/S	P/E
Q4 19	—	—
Q2 20	—	—
Q3 20	—	—
Q3 21	0.5x	26.0x
Q3 22	0.7x	9.4x
Q4 22	0.8x	6.7x
Q3 23	1.1x	8.4x
Q1 24	1.0x	7.2x
Q3 24	1.0x	8.8x
Q1 25	0.8x	9.1x
Q2 25	1.5x	22.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	-$185.0K	-$246.0K
Q2 20	$16M	$16M
Q3 20	$10M	$10M
Q3 21	$6M	$6M
Q3 22	$26M	$25M
Q4 22	$28M	$28M
Q3 23	$32M	$31M
Q1 24	$13M	$10M
Q3 24	$24M	$22M
Q1 25	$15M	$14M
Q2 25	$1M	-$793.0K

Capital Expenditures

Quarter	CapEx
Q4 19	$61.0K
Q2 20	$94.0K
Q3 20	$26.0K
Q3 21	$78.0K
Q3 22	$998.0K
Q4 22	$39.0K
Q3 23	$317.0K
Q1 24	$3M
Q3 24	$2M
Q1 25	$2M
Q2 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	-0.8%	-27.5%
Q4 22	+7.0%	-10.1%
Q3 23	+29.8%	+22.0%
Q1 24	+36.5%	+30.8%
Q3 24	+37.7%	+73.6%
Q1 25	+68.1%	+88.1%
Q2 25	-15.8%	-3.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$447.0K	0.5%
Q3 21	$504.0K	0.6%
Q3 22	$713.0K	0.9%
Q4 22	$736.0K	0.9%
Q3 23	$606.0K	0.5%
Q1 24	$749.0K	0.6%
Q3 24	$0	0.0%
Q1 25	$739.0K	0.5%
Q2 25	$606.0K	0.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 19	$54.0K	—	—	$19M
Q2 20	—	$16M	—	—
Q3 20	—	—	—	$19M
Q3 21	—	—	—	$17M
Q3 22	—	—	—	$20M
Q4 22	—	$10M	$7M	—
Q3 23	—	—	—	$23M
Q1 24	—	—	—	$23M
Q3 24	—	—	—	$25M
Q1 25	—	—	—	$24M
Q2 25	—	—	—	$21M

Revenue Segments

Quarter	Genie Energy Services	Genie Retail Energy	Gre International	Electricity	Oil and Gas	Product and Service, Other
Q2 20	$5M	$66M	$5M	—	—	—
Q3 20	$1M	$89M	$6M	—	—	—
Q3 22	$1M	$80M	—	—	—	—
Q4 22	—	—	—	$56M	$21M	$4M
Q3 23	—	—	—	$114M	$5M	$6M
Q1 24	—	—	—	$89M	$22M	$8M
Q3 24	—	—	—	$101M	$5M	$6M
Q1 25	—	—	—	$104M	$28M	$4M
Q2 25	—	—	—	$90M	$9M	$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 19	27M	—	—
Q2 20	27M	-0.9%	—
Q3 20	27M	-0.3%	—
Q3 21	26M	-4.7%	—
Q3 22	26M	+2.7%	-3.3%
Q4 22	26M	+1.1%	-1.3%
Q3 23	27M	+3.3%	+2.2%
Q1 24	27M	-0.2%	+7.0%
Q3 24	27M	-1.6%	+2.5%
Q1 25	27M	-1.0%	+0.4%
Q2 25	27M	-0.4%	-3.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$502.8K	163
Q2 20	$466.7K	163
Q3 20	$591.0K	163
Q3 21	$433.9K	202
Q3 22	$437.0K	186
Q4 22	$651.1K	125
Q3 23	$1M	125
Q1 24	$752.8K	159
Q3 24	$703.9K	159
Q1 25	$735.5K	186
Q2 25	$565.9K	186

Revenue / Employee