Filing Flows › Genie Energy (GNE) › Q1 2025
Genie Energy (GNE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Genie Energy (GNE) reported revenue of $137M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +33% from the quarter before. Operating margin was 9.9%, net earnings $10.4M (7.6% of revenue).
Genie Energy, Q1 2025: revenue $137M (+14% year over year), operating margin 9.9%, net earnings $10.4M, operating cash flow $15.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | +33% | +14% |
| Gross profit | $37.4M | +12% | +11% |
| Operating profit | $13.5M | — | +37% |
| Net earnings | $10.4M | — | +29% |
| Operating cash flow | $15.3M | +18% | +19% |
| Free cash flow | $13.6M | +31% | +16% |
What changed
Revenue was $136.8M in Q1 2025, up 14% year over year and up 33% from the previous quarter. Electricity was the largest line at 76% of revenue. Electricity added $14.7M year over year (up 16%), 86% of the total change. Product and Service, Other declined 45%.
Gross margin was 27.3%, down 0.9 points from a year earlier. Operating profit was $13.5M, a 9.9% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 8% margin then. Operating expenses fell 0% while revenue rose 14%. Net earnings were $10.4M, up 29% year over year ($10.1M including minority interests, which bore $329K of losses). The effective tax rate was 30.2%.
Operating cash flow was $15.3M (up 19% year over year), 152% of net income including minority interests. Non-cash charges added back $235K of depreciation and amortization and $739K of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $1.8M left free cash flow of $13.6M.
Questions
What was Genie Energy's revenue in the first quarter 2025?
Genie Energy (GNE) reported revenue of $137M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +33% from the quarter before.
Was Genie Energy profitable in the first quarter 2025?
Operating profit was $13.5M (9.9% of revenue) and net earnings $10.4M.
Source: Genie Energy 10-Q on SEC EDGAR.