Filing Flows › Genie Energy (GNE) › Q4 2025
Genie Energy (GNE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed May 1, 2026
Genie Energy (GNE) reported revenue of $121M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -12% from the quarter before. Operating margin was 3.8%, net earnings $4.8M (4.0% of revenue).
Genie Energy, Q4 2025: revenue $121M (+18% year over year), operating margin 3.8%, net earnings $4.8M, operating cash flow $15.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | -12% | +18% |
| Gross profit | $33.8M | +13% | +1% |
| Operating profit | $4.6M | -34% | -64% |
| Net earnings | $4.8M | -29% | -36% |
| Operating cash flow | $15.9M | +14% | +23% |
What changed
Revenue was $121.3M in Q4 2025, up 18% year over year and down 12% from the previous quarter. Electricity was the largest line at 76% of revenue.
Gross margin was 27.9%, down 4.6 points from a year earlier. Operating profit was $4.6M, a 3.8% margin (down 8.7 points year over year). Operating profit fell $8.2M even though revenue rose $18.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 42% against revenue growth of 18%. Net earnings were $4.8M, down 36% year over year. The effective tax rate was 6.5%.
Operating cash flow was $15.9M (up 23% year over year), 331% of net earnings. Non-cash charges added back $283K of depreciation and amortization and $597K of share-based compensation. Working capital and other items added $10.2M.
Questions
What was Genie Energy's revenue in the fourth quarter 2025?
Genie Energy (GNE) reported revenue of $121M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -12% from the quarter before.
Was Genie Energy profitable in the fourth quarter 2025?
Operating profit was $4.6M (3.8% of revenue) and net earnings $4.8M.
Source: Genie Energy 10-K on SEC EDGAR.