Traders should monitor the upcoming restated financials for 2023–2024 and Q1 2026 results to assess whether the profitability decline is structural or temporary. The stock may face downward pressure if restatement reveals further issues or if 2026 EBITDA falls toward the lower end of guidance.
Price Chart
Executive Summary
Genie Energy reported preliminary unaudited financial results for Q4 and full-year 2025, showing revenue growth but a significant decline in income from operations. The company disclosed a restatement of 2023 and 2024 financials due to accounting errors related to its captive insurance subsidiary, which is expected to increase prior-year income. Despite strong cash flow and a positive 2026 EBITDA outlook, declining profitability and financial restatement raise concerns.
Key Financial Metrics
Key Facts
- Genie Energy is restating 2023 and 2024 financials due to errors in accounting for its captive insurance subsidiary liability.
- Preliminary 2025 consolidated revenue increased to $502.0M from $425.2M in 2024 (18% YoY growth).
- Consolidated income from operations declined to $27.7M in 2025 from $44.9M in 2024 (38% decrease).
- Genie Renewables (GREW) reported an operating loss of $7.1M in 2025, widening from $3.0M in 2024.
- Company had $211.4M in cash, restricted cash, and cash equivalents as of December 31, 2025.
- 2026 guidance projects Adjusted EBITDA of $40M–$50M, below prior commentary due to market conditions and asset write-downs.
Financial Impact
Income from operations down $17.2M YoY despite $76.8M revenue increase; 2026 EBITDA guidance implies modest recovery but below prior performance.
Risk Factors
- Restatement of two full years and multiple quarters raises concerns about internal controls and audit reliability.
- Declining operating income despite revenue growth suggests margin compression or rising costs.
- Forward-looking EBITDA guidance is below prior levels and subject to energy market volatility.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3259459 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $16.71 | awaiting T+20 | — | $16.75 (+0.24%) |
Oct 5, 2026 22d ago | 8-K | $16.42 | awaiting T+20 | — | $16.75 (+2.01%) |
Aug 6, 2026 11w ago | 8-K | $14.74 $15.31 | ▲ +3.87% | ▲ +3.27% | $16.75 (+13.64%) |
Jul 22, 2026 13w ago | Press Release | $14.50 $15.00 | ▲ +3.45% | ▲ +0.55% | $16.75 (+15.52%) |
Jun 11, 2026 19w ago | 3 | $14.06 $13.77 | ▼ −2.06% | ▼ −3.95% | $16.75 (+19.13%) |
May 14, 2026 23w ago | 8-K | $12.98 $14.09 | ▼ −8.56% | ▼ −9.41% | $16.75 (−29.05%) |
May 14, 2026 23w ago | Press Release | $12.98 $14.09 | ▼ −8.56% | ▼ −9.41% | $16.75 (−29.05%) |
May 8, 2026 24w ago | Press Release | $14.44 $13.96 | ▼ −3.32% | ▼ −3.35% | $16.75 (+16.00%) |
Apr 7, 2026 29w ago | 8-K | $14.43 $14.34 | ▲ +0.62% | ▲ +9.17% | $16.75 (−16.08%) |
Apr 7, 2026 29w ago | Press Release | $14.43 $14.34 | ▼ −0.62% | ▼ −9.17% | $16.75 (+16.08%) |
US Market Status
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