Filing Flows › Greenlight Capital RE (GLRE) › Q2 2025
Greenlight Capital RE (GLRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Greenlight Capital RE (GLRE) reported revenue of $160M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -25% from the quarter before. Operating margin was 0.4%, net earnings $329K (0.2% of revenue).
Greenlight Capital RE, Q2 2025: revenue $160M (-8% year over year), operating margin 0.4%, net earnings $329K, operating cash flow $68.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | -25% | -8% |
| Operating profit | $675K | -98% | -92% |
| Net earnings | $329K | -99% | -96% |
| Operating cash flow | $68.4M | +559% | +201% |
What changed
Revenue was $160.1M in Q2 2025, down 8% year over year and down 25% from the previous quarter.
Operating profit was $675K, a 0.4% margin (down 4.4 points year over year). Total costs fell 4% while revenue fell 8%. Net earnings were $329K, down 96% year over year. The effective tax rate was 51.3%.
Operating cash flow was $68.4M (up 201% year over year), 20802% of net earnings. Non-cash charges added back $1.2M of share-based compensation. Working capital and other items added $66.9M.
Questions
What was Greenlight Capital RE's revenue in the second quarter 2025?
Greenlight Capital RE (GLRE) reported revenue of $160M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -25% from the quarter before.
Was Greenlight Capital RE profitable in the second quarter 2025?
Operating profit was $675K (0.4% of revenue) and net earnings $329K.