Filing Flows › Genie Energy (GNE) › Q3 2025
Genie Energy (GNE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Genie Energy (GNE) reported revenue of $138M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +31% from the quarter before. Operating margin was 5.0%, net earnings $6.7M (4.9% of revenue).
Genie Energy, Q3 2025: revenue $138M (+24% year over year), operating margin 5.0%, net earnings $6.7M, operating cash flow $13.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | +31% | +24% |
| Gross profit | $30.0M | +28% | -21% |
| Operating profit | $6.9M | +246% | -41% |
| Net earnings | $6.7M | +135% | -34% |
| Operating cash flow | $13.9M | 12× | -43% |
What changed
Revenue was $138.3M in Q3 2025, up 24% year over year and up 31% from the previous quarter. Electricity was the largest line at 92% of revenue. Electricity added $25.9M year over year (up 26%), 98% of the total change. Product and Service, Other declined 3%.
Gross margin was 21.7%, down 12.2 points from a year earlier. Operating profit was $6.9M, a 5.0% margin (down 5.4 points year over year). Operating profit fell $4.7M even though revenue rose $26.4M versus a year earlier, so costs grew faster than sales. Operating expenses fell 12% while revenue rose 24%. Net earnings were $6.7M, down 34% year over year. The effective tax rate was 26.8%. Non-operating items added $2.3M, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.9M (down 43% year over year), 207% of net earnings. Non-cash charges added back $252K of depreciation and amortization and $593K of share-based compensation. Working capital and other items added $6.4M.
Questions
What was Genie Energy's revenue in the third quarter 2025?
Genie Energy (GNE) reported revenue of $138M for the third quarter 2025 (Q3 2025), +24% from a year earlier and +31% from the quarter before.
Was Genie Energy profitable in the third quarter 2025?
Operating profit was $6.9M (5.0% of revenue) and net earnings $6.7M.
Source: Genie Energy 10-Q on SEC EDGAR.