Genie Energy Ltd. GNE
Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments.
● Genie Retail Energy ("GRE") supplies electricity and natural gas to residential and small business customers through retail energy providers ("REPs") operating in certain deregulated markets within the United States; and
● Genie Renewables ("GREW") is primarily comprised of the following three lines of businesses:
o CityCom Solar ("CityCom") — a marketer of community solar and alternative products and services complementary to our energy offerings;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $502.0M | $425.2M | $428.7M | $315.5M | $323.3M | $356.9M | $315.3M | $170.0K | $264.2M | $212.1M |
| Cost of revenue | $377.3M | $286.7M | $282.5M | $160.8M | $231.6M | $261.9M | $232.4M | $203.8M | $178.7M | $135.2M |
| Gross profit | $124.7M | $138.5M | $146.2M | $154.8M | $91.6M | $95.1M | $82.9M | $76.5M | $85.5M | $76.9M |
| R&D | — | — | — | — | — | — | $207.0K | $39.0K | — | -$269.0K |
| SG&A | $95.3M | $93.4M | $91.1M | $75.0M | $67.5M | $71.8M | $72.7M | $61.5M | $80.1M | $61.6M |
| Operating income | $27.7M | $44.9M | $55.1M | $77.8M | $24.1M | $21.9M | $9.8M | $12.0M | -$6.0M | -$30.5M |
| Interest expense | $670.0K | $464.0K | $99.0K | — | — | — | — | — | — | — |
| Pre-tax income | $36.1M | $53.5M | $63.2M | $77.5M | $23.7M | $22.4M | $6.0M | $9.0M | -$6.9M | -$30.0M |
| Income tax | $8.3M | $15.4M | $16.6M | $21.0M | $7.5M | $7.6M | $4.6M | $12.4M | $1.7M | $2.2M |
| Net income | $24.0M | $35.5M | $52.2M | $86.9M | $27.8M | $13.2M | $4.2M | $22.8M | -$7.0M | -$24.5M |
| EPS, basic | 0.91 | 1.33 | 2.03 | 3.35 | 1.06 | 0.45 | 0.10 | 0.85 | -0.36 | -1.14 |
| EPS, diluted | 0.90 | 1.31 | 1.99 | 3.26 | 1.05 | 0.44 | 0.10 | 0.83 | -0.36 | -1.14 |
| Shares, diluted (wtd. avg.) | $26.5M | $27.2M | $26.1M | $26.4M | $26.3M | $26.8M | $27.5K | $25.7K | $23.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $203.5M | $192.8M | $159.0M | $104.6M | $93.6M | $31.9M | $31.2M | $44.2M | $31.9M | $47.1M |
| Short-term investments | $8.8M | $6.7M | $3.8M | $490.0K | $1.3M | $5.1M | — | — | — | — |
| Receivables | $70.1M | $61.9M | $61.9M | $55.1M | $41.3M | $48.4M | $49.8M | $35.9M | $44.6M | $36.9M |
| Inventory | $12.4M | $12.2M | $14.6M | $15.7M | $17.7M | $16.9M | $16.6M | $9.9M | $4.0M | $6.0M |
| Total current assets | $323.4M | $297.0M | $229.8M | $227.6M | $200.3M | $133.8M | $112.9M | $97.9M | $90.2M | $97.8M |
| Property, plant and equipment | $28.3M | $25.2M | $15.2M | $891.0K | $297.0K | $247.0K | $3.6M | $4.3M | $4.0M | $1.6M |
| Goodwill | $13.0M | $12.7M | $10.0M | $10.0M | $10.0M | $10.0M | $12.1M | $11.1M | $10.0M | $8.7M |
| Other intangibles | $1.8M | $2.4M | $2.7M | $3.1M | $3.5M | $4.7M | $6.8M | $6.3M | $4.9M | $4.3M |
| Total assets | $389.4M | $369.8M | $330.6M | $277.6M | $229.5M | $187.3M | $156.2M | $146.9M | $125.8M | $121.8M |
| Accounts payable | $41.1M | $31.2M | $49.4M | $35.7M | $38.0M | $35.0M | $26.1M | — | — | — |
| Short-term debt | $2.1M | $357.0K | — | — | — | — | $2.5M | — | — | — |
| Total current liabilities | $136.0M | $122.3M | $98.3M | $99.2M | $116.3M | $97.5M | $72.2M | $50.8M | $54.7M | $41.1M |
| Long-term debt | $6.5M | $8.7M | — | — | — | — | $863.0K | — | — | — |
| Total liabilities | $144.9M | $134.7M | $146.0M | $104.0M | $118.7M | $101.3M | $75.3M | $54.2M | $58.6M | $41.9M |
| Retained earnings | $136.2M | $120.2M | $92.9M | $49.0M | -$29.1M | -$56.7M | -$59.7M | -$53.9M | -$67.5M | -$51.6M |
| Total equity | $250.9M | $246.1M | $217.2M | $173.6M | $110.8M | $86.1M | $80.9M | $92.7M | $67.1M | $79.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $46.3M | $70.7M | $62.5M | $80.7M | $68.4M | $23.1M | $15.8M | $19.4M | $9.4M | $15.6M |
| Depreciation and amortisation | $1.0M | $884.0K | $463.0K | $385.0K | — | — | — | — | — | $581.0K |
| Stock-based compensation | $2.5M | $2.4M | $2.8M | $3.0M | $2.8M | $1.1M | $1.1M | $4.5M | $5.2M | $4.8M |
| Capital expenditure | — | $6.7M | $1.4M | $1.0M | $126.0K | $167.0K | $404.0K | $584.0K | $3.3M | $586.0K |
| Investing cash flow | -$15.3M | -$16.0M | $13.6M | -$49.3M | $2.7M | -$3.0M | -$5.8M | -$2.9M | -$16.5M | -$9.5M |
| Financing cash flow | -$19.1M | -$15.8M | -$15.2M | -$25.5M | -$5.7M | -$15.2M | -$15.6M | -$4.2M | -$8.1M | -$9.7M |
| Dividends paid | $8.0M | $8.2M | $8.9M | $9.2M | $1.5M | $10.1M | $9.6M | — | — | — |
| Buybacks | — | $10.4M | $37.0K | $4.4M | $3.8M | $1.7M | $5.6M | $889.0K | $829.0K | $29.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014294.
Others in SIC 4931
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DUK | Duke Energy CORP | $93.72B | 19.1x | 5.6% |
| XEL | XCEL ENERGY INC | $47.30B | 22.1x | — |
| EXC | EXELON CORP | $44.65B | — | 5.3% |
| ED | CONSOLIDATED EDISON INC | $39.54B | 19.0x | 10.2% |
| PCG | PG&E Corp | $38.33B | 12.1x | 2.1% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $36.73B | 17.5x | 22.8% |
| WEC | WEC ENERGY GROUP, INC. | $34.52B | 22.0x | 14.0% |
| AEE | AMEREN CORP | $29.48B | 19.9x | 15.4% |