Greenlight Capital Re (GLRE) Financial Statements & Analysis

Greenlight Capital Re (GLRE) Income Statement

Greenlight Capital Re reported revenue of $696.35M in fiscal 2025 (fiscal year ended Dec 31, 2025), flat from $696.03M a year earlier. Net income was $74.83M, up 74.8% year over year, a net margin of 10.7%. Gross margin was 40.9% and operating margin 11.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $165.31M, down 7.3% from the same quarter a year earlier.

Greenlight Capital Re Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Greenlight Capital Re, Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	696.35	696.03	632.35	526.68	588.55	478.82	491.40	243.85	645.68
Cost of Revenue	411.59	604.04	528.88	459.63	519.94	447.12	505.57	509.35	664.14
Gross Profit	284.76	43.93	103.46	18.00	50.52	31.70	-14.17	-265.50	-18.47
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	23.65	17.79	29.37	26.40	29.82	25.17	26.36
Operating Expenses	206.45	0.37	16.53	-6.53	29.20	27.41	-10.67	88.50	26.36
Operating Income	78.31	43.57	86.93	24.53	21.32	4.29	-3.50	-354.00	-44.83
Other Income/Expense
Interest Income	0.00	32.43	35.63	4.47	0.00	3.54	0.00	17.48	1.57
Interest Expense	4.79	-9.18	8.03	-10.92	-17.92	-8.16	6.26	2.51	0.00
Other Income/Expense	0.00	2.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	78.31	43.57	86.93	24.53	21.32	4.29	-3.50	-354.00	-44.83
Income Tax Expense	3.48	-0.75	0.10	0.82	-3.75	0.42	0.48	0.33	-0.45
Net Income	74.83	42.82	86.83	25.34	17.58	3.87	-3.99	-350.05	-44.95
Net Income - Continuous Operations	74.83	42.82	86.83	25.34	17.58	3.87	-3.99	-350.05	-44.95
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	83.10	43.57	94.96	41.11	40.80	12.43	5.11	-348.73	-44.46
EBIT	74.63	58.35	83.40	41.09	40.78	12.41	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	0.02	0.02	0.02	2.35	2.77	0.37
Earnings Per Share
Basic EPS	2.00	1.00	3.00	1.00	1.00	-	-	-10.00	-1.00
Diluted EPS	2.00	1.00	3.00	1.00	1.00	-	-	-10.00	-1.00
Basic Shares Outstanding	33.82	34.10	34.07	33.91	34.20	36.17	36.08	35.94	37.00
Diluted Shares Outstanding	34.50	34.65	34.80	39.77	34.35	36.28	36.08	35.95	37.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Greenlight Capital Re Financial Statements

What was Greenlight Capital Re's revenue in fiscal 2025?

Greenlight Capital Re reported revenue of $696.35M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was flat from $696.03M a year earlier.

Is Greenlight Capital Re profitable?

Yes. Greenlight Capital Re earned net income of $74.83M in fiscal 2025, a net margin of 10.7%. In fiscal 2024 it earned $42.82M.

What is Greenlight Capital Re's operating margin?

Greenlight Capital Re's operating income was $78.31M on revenue of $696.35M in fiscal 2025, an operating margin of 11.2%, compared with 6.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition