Filing Flows › Greenlight Capital RE (GLRE) › Q1 2026
Greenlight Capital RE (GLRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Greenlight Capital RE (GLRE) reported revenue of $190M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -10% from the quarter before. Operating margin was 18.9%, net earnings $35.8M (18.8% of revenue).
Greenlight Capital RE, Q1 2026: revenue $190M (-11% year over year), operating margin 18.9%, net earnings $35.8M, operating cash flow $37.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | -10% | -11% |
| Operating profit | $35.9M | -29% | +16% |
| Net earnings | $35.8M | -27% | +21% |
| Operating cash flow | $37.2M | -63% | +259% |
What changed
Revenue was $189.7M in Q1 2026, down 11% year over year and down 10% from the previous quarter.
Operating profit was $35.9M, a 18.9% margin (up 4.4 points year over year). Total costs fell 16% while revenue fell 11%. Net earnings were $35.8M, up 21% year over year. The effective tax rate was 0.3%.
Operating cash flow was $37.2M (up 259% year over year), 104% of net earnings. Non-cash charges added back $2.4M of share-based compensation.
Questions
What was Greenlight Capital RE's revenue in the first quarter 2026?
Greenlight Capital RE (GLRE) reported revenue of $190M for the first quarter 2026 (Q1 2026), -11% from a year earlier and -10% from the quarter before.
Was Greenlight Capital RE profitable in the first quarter 2026?
Operating profit was $35.9M (18.9% of revenue) and net earnings $35.8M.