greeksoup/ stock research
Stock research / United States / GNE / Q3 FY2026

Genie Energy (GNE) Q3 FY2026 earnings: revenue $127 million, down 8.0% on the year

Genie Energy Ltd. (GNE) reported revenue of $127 million for Q3 FY2026, the quarter ended 30 September 2026, down 8.0% on the same quarter a year earlier. Net income was $10 million, up 58.8% on the year, and diluted earnings per share $0.39. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$127 million
-8.0% on the year · +26.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
10.0%
5.3% a year earlier
Q4 FY2024Q3 FY2026
Net income
$10 million
+58.8% on the year · -10.6% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.39
+56.0% on the year · -9.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 kept.

  • Operating income and EPS both rose: Income from operations was $12.7 million against $7.4 million, net income attributable to Genie common stockholders was $10.2 million against $6.4 million, and diluted EPS was $0.39 against $0.25.
  • Adjusted EBITDA rose from prior year: Adjusted EBITDA was $13.7 million against $8.2 million a year earlier. The company also reported Adjusted EBITDA separately for GRE and GREW.
  • Gross margin returned to historical range: GRE gross margin was 31.0% against 20.8%, and gross profit was $37.5 million against $27.6 million. The company tied the margin to normalized operating environments.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue127100138+26.7%-8.0%
Cost of revenue86.066.7108+28.9%-20.6%
Gross profit41.233.730.0+22.5%+37.4%
Gross margin32.4%33.5%21.7%
Selling, general and administrative28.527.122.6+5.0%+26.0%
Operating income12.76.57.4+95.2%+72.1%
Operating margin10.0%6.5%5.3%
Interest expense0.10.10.2+20.7%-7.0%
Pre-tax income14.911.79.7+27.3%+53.7%
Income tax4.60.23.3+1,817.2%+40.0%
Effective tax rate30.8%2.0%33.9%
Net income10.211.46.4-10.6%+58.8%
Net margin8.0%11.3%4.6%
Diluted EPS$0.39$0.43$0.25-9.3%+56.0%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow12.4-3.413.9-11.3%
Cash from investing-8.56.4-3.1
Cash from financing-4.8-2.8-5.6
Depreciation and amortisation0.30.30.2+0.3%+40.0%
Share-based compensation0.60.60.6-4.3%+1.5%
Dividends paid2.02.02.0+1.9%-0.1%
Dividend per share$0.07$0.07$0.070.0%0.0%
Diluted shares, weighted26m26m26m-0.2%-1.1%
Shares outstanding at period end26m26m26m-0.5%-1.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity267262199+2.2%+34.5%
Non-controlling interest-6.4-6.4-10.0
Debt6.76.88.8-1.9%-24.1%
Operating lease liabilities0.80.90.9-0.7%-0.6%
Other liabilities118107196+10.6%-39.6%
Total liabilities and equity387370394+4.6%-1.9%
Fixed assets32.829.530.5+11.4%+7.6%
Goodwill13.813.912.9-0.6%+7.4%
Intangible assets1.61.72.1-3.9%-23.9%
Investments25.415.00.5+69.7%+5,279.2%
Cash and equivalents185185109+0.2%+69.5%
Receivables59.756.059.0+6.8%+1.3%
Inventory17.915.320.9+17.4%-14.2%
Other assets50.153.7159-6.6%-68.5%
Total assets387370394+4.6%-1.9%

Questions

What was Genie Energy's revenue in Q3 FY2026?

Genie Energy (GNE) reported revenue of $127 million for Q3 FY2026, the quarter ended 30 September 2026, down 8.0% on the same quarter a year earlier.

How much did Genie Energy earn in Q3 FY2026?

Net income for Q3 FY2026 was $10 million, up 58.8% on the year, and diluted earnings per share $0.39.

When did Genie Energy report Q3 FY2026 results?

Genie Energy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue92.285.966.981.381.410593.512510512090.7112103137105138121142100127
Cost of revenue55.838.837.138.146.772.055.384.071.385.957.474.069.499.481.810887.811266.786.0
Gross profit36.447.129.843.134.733.338.241.133.633.833.337.933.537.423.530.033.829.833.741.2
Gross margin39%55%45%53%43%32%41%33%32%28%37%34%33%27%22%22%28%21%34%32%
SG&A19.820.118.019.617.222.023.223.222.722.922.025.223.323.921.222.627.627.927.128.5
Operating income16.627.011.823.515.511.315.017.9-34.29.810.611.7-20.813.52.37.44.61.96.512.7
Operating margin18%31%18%29%19%11%16%14%-33%8%12%10%-20%10%2%5%4%1%6%10%
Interest expense0.00.10.10.0-0.00.00.00.00.00.00.30.00.10.20.20.20.20.10.10.1
Pre-tax income10.025.811.223.916.615.416.019.5-32.811.413.014.2-18.615.44.29.76.94.111.714.9
Tax rate16%28%28%27%26%26%24%26%n/a26%27%28%n/a34%44%34%-30%39%2%31%
Net income28.117.934.518.816.714.415.214.5-24.58.19.610.2-15.310.42.36.44.82.811.410.2
Net margin30%21%52%23%20%14%16%12%-23%7%11%9%-15%8%2%5%4%2%11%8%
Diluted EPS$0.85$0.67$1.30$0.70$0.59$0.54$0.57$0.53-$0.90$0.30$0.36$0.38-$0.58$0.40$0.09$0.25$0.16$0.11$0.43$0.39
Operating cash flow66.918.39.225.5n/a11.29.031.810.512.920.424.413.015.31.113.915.9-6.5-3.412.4
Capital expendituren/a0.10.01.0n/a0.10.50.30.51.20.42.52.71.8n/an/an/an/an/an/a
Free cash flown/a18.39.224.5n/a11.18.531.510.011.720.121.910.313.6n/an/an/an/an/an/a
Buybacksn/an/an/a0.0n/an/an/an/an/a4.11.82.02.51.9n/an/an/an/an/an/a
Dividends paid0.42.32.4-3.68.12.12.72.12.12.12.02.02.02.02.02.02.02.02.02.0
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/a27m27m27m26m26m26m26m26m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.