Genie Energy Ltd. furnished preliminary unaudited financial results for Q4 and full year 2025, reporting consolidated revenue of $121.6 million and $502.0 million, respectively, and income from operations of $4.6 million and $27.7 million. The company issued 2026 Adjusted EBITDA guidance of $40-50 million and disclosed that prior financial statements for 2023-2025 require restatement due to errors in captive insurance accounting.
Key takeaways
Q4 2025 consolidated revenue: $121.6 million (vs. $102.9 million Q4 2024)
FY 2025 consolidated revenue: $502.0 million (vs. $425.2 million FY 2024)
Q4 2025 consolidated income from operations: $4.6 million (vs. $10.1 million Q4 2024)
FY 2025 consolidated income from operations: $27.7 million (vs. $44.9 million FY 2024)
Cash, restricted cash and equivalents as of December 31, 2025: $211.4 million (vs. $200.6 million December 31, 2024)
2026 consolidated Adjusted EBITDA guidance: $40-50 million
Financial statements for years ended December 31, 2023 and 2024, and interim 2024-2025 quarters require restatement; expected to increase 2023-2024 income from operations, provision for income taxes, and net income