Filing Flows › Genie Energy (GNE) › Q2 2025
Genie Energy (GNE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Genie Energy (GNE) reported revenue of $105M for the second quarter 2025 (Q2 2025), +16% from a year earlier and -23% from the quarter before. Operating margin was 1.9%, net earnings $2.8M (2.7% of revenue).
Genie Energy, Q2 2025: revenue $105M (+16% year over year), operating margin 1.9%, net earnings $2.8M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | -23% | +16% |
| Gross profit | $23.5M | -37% | -30% |
| Operating profit | $2.0M | -85% | -81% |
| Net earnings | $2.8M | -73% | -71% |
| Operating cash flow | $1.1M | -93% | -95% |
What changed
Revenue was $105.3M in Q2 2025, up 16% year over year and down 23% from the previous quarter. Electricity was the largest line at 85% of revenue. Electricity added $11.6M year over year (up 15%), 80% of the total change.
Gross margin was 22.3%, down 14.4 points from a year earlier. Operating profit was $2.0M, a 1.9% margin (down 9.7 points year over year). Operating profit fell $8.6M even though revenue rose $14.6M versus a year earlier, so costs grew faster than sales. Operating expenses fell 6% while revenue rose 16%. Net earnings were $2.8M, down 71% year over year. The effective tax rate was 27.3%. Non-operating items added $1.9M, 49% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1M (down 95% year over year), 39% of net earnings. Non-cash charges added back $235K of depreciation and amortization and $606K of share-based compensation. Working capital and other items used $2.6M.
Questions
What was Genie Energy's revenue in the second quarter 2025?
Genie Energy (GNE) reported revenue of $105M for the second quarter 2025 (Q2 2025), +16% from a year earlier and -23% from the quarter before.
Was Genie Energy profitable in the second quarter 2025?
Operating profit was $2.0M (1.9% of revenue) and net earnings $2.8M.
Source: Genie Energy 10-Q on SEC EDGAR.