Genie Energy Ltd.GNEEarnings & Financial Report
Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.
Revenue
$102.9M
Gross Profit
$33.5M
Operating Profit
$-20.8M
Net Profit
$-15.3M
Gross Margin
32.5%
Operating Margin
-20.2%
Net Margin
-14.9%
YoY Growth
-1.9%
EPS
$-0.58
Financial Flow
Genie Energy Ltd. Q4 2024 Financial Summary
Genie Energy Ltd. reported revenue of $102.9M (down 1.9% YoY) for Q4 2024, with a net profit of $-15.3M (up 37.4% YoY) (-14.9% margin). Cost of goods sold was $69.4M, operating expenses totaled $54.3M.
Key Financial Metrics
| Total Revenue | $102.9M |
|---|---|
| Net Profit | $-15.3M |
| Gross Margin | 32.5% |
| Operating Margin | -20.2% |
| Report Period | Q4 2024 |
Revenue Breakdown
Genie Energy Ltd. Q4 2024 revenue of $102.9M breaks down across 3 segments, led by Electricity at $82.1M (79.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electricity | $82.1M | 79.8% |
| Oil And Gas | $16.2M | 15.8% |
| Other | $4.5M | 4.4% |
Genie Energy Ltd. Revenue by Segment — Quarterly Trend
Genie Energy Ltd. revenue by segment across the last 4 reported quarters, showing how each business line (such as Electricity and Oil And Gas) has evolved quarter over quarter.
| Segment | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|
| Electricity | — | $89.9M | — | $82.1M |
| Oil And Gas | — | $9.1M | — | $16.2M |
| Other | — | — | — | $4.5M |
Genie Energy Ltd. Annual Revenue by Year
Genie Energy Ltd. annual revenue history includes year-by-year totals (for example, 2024 revenue was $425.2M).
| Year | Annual Revenue |
|---|---|
| 2024 | $425.2M |
| 2023 | $428.7M |
| 2022 | $315.5M |
Genie Energy Ltd. Quarterly Revenue & Net Profit History
Genie Energy Ltd. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2025 | $138.3M | +23.6% | $6.7M | 4.9% |
| Q2 2025 | $105.3M | +16.0% | $2.8M | 2.7% |
| Q1 2025 | $136.8M | +14.3% | $10.3M | 7.5% |
| Q4 2024 | $102.9M | -1.9% | $-15.3M | -14.9% |
| Q3 2024 | $111.9M | -10.5% | $10.2M | 9.1% |
| Q2 2024 | $90.7M | -3.0% | $9.6M | 10.6% |
| Q1 2024 | $119.7M | +13.7% | $8.1M | 6.8% |
| Q4 2023 | $104.9M | +28.9% | $-24.5M | -23.4% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104.9M | $119.7M | $90.7M | $111.9M | $102.9M | $136.8M | $105.3M | $138.3M |
| YoY Growth | 28.9% | 13.7% | -3.0% | -10.5% | -1.9% | 14.3% | 16.0% | 23.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $330.6M | $328.3M | $322.8M | $341.7M | $371.3M | $384.4M | $383.1M | $394.1M |
| Liabilities | $146.0M | $148.9M | $133.2M | $141.4M | $191.7M | $197.0M | $195.9M | $205.3M |
| Equity | $197.2M | $192.9M | $202.1M | $211.1M | $190.5M | $198.0M | $197.0M | $198.8M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $10.5M | $12.9M | $20.4M | $24.4M | $13.0M | $15.3M | $1.1M | $13.9M |