Genie Energy Ltd.

For the period ended Dec 31, 2025. Filed May 1, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed May 1, 2026

GNE$19.25+8.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	December 31,
(in thousands, except per share amounts)	2025	2024
(As Restated)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$203,516	$192,829
Restricted cash—short-term	7,936	7,815
Marketable equity securities	409	357
Trade accounts receivable, net of allowance for credit losses of $7,876 and $8,086 at December 31, 2025 and 2024, respectively	70,062	61,858
Inventory	12,370	12,188
Prepaid expenses	10,567	9,893
Other current assets	17,154	8,493
Other current assets of discontinued operations	1,419	3,594
TOTAL CURRENT ASSETS	323,433	297,027
Property and equipment, net	28,303	25,246
Goodwill	12,978	12,749
Other intangibles, net	1,804	2,367
Deferred income tax assets, net	2,309	5,623
Other assets	20,553	22,365
Noncurrent assets of discontinued operations	—	4,466
TOTAL ASSETS	$389,380	$369,843
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Trade accounts payable	$41,094	$31,233
Accrued expenses	50,782	48,793
Income taxes payable	28,851	30,838
Current debt, net	2,139	357
Due to IDT Corporation, net	112	135
Other current liabilities	10,052	6,393
Current liabilities of discontinued operations	2,996	4,585
TOTAL CURRENT LIABILITIES	136,026	122,334
Noncurrent debt, net	6,529	8,668
Other liabilities	2,379	2,959
Noncurrent liabilities of discontinued operations	—	705
TOTAL LIABILITIES	144,934	134,666
Commitments and contingencies (Note 16 and Note 17)
EQUITY:
Genie Energy Ltd. stockholders’ equity:
Preferred stock, $0.01 par value; authorized shares – 10,000:
Series 2012-A, designated shares – 8,750; at liquidation preference, consisting of 0 shares issued and outstanding at December 31, 2025 and 2024	—	—
Class A common stock, $0.01 par value; authorized shares – 35,000; 1,574 shares issued and outstanding at December 31, 2025 and 2024	16	16
Class B common stock, $0.01 par value; authorized shares – 200,000; 29,339 and 29,310 shares issued and 24,847 and 25,482 shares outstanding at December 31, 2025 and 2024, respectively	293	293
Additional paid-in capital	157,763	159,192
Treasury stock, at cost, consisting of 4,492 and 3,828 shares of Class B common at December 31, 2025 and 2024, respectively	(48,274)	(37,486)
Accumulated other comprehensive income	4,921	3,919
Retained earnings	136,183	120,200
Total Genie Energy Ltd. stockholders’ equity	250,902	246,134
Noncontrolling interests:
Noncontrolling interest	(6,034)	(10,174)
Receivable from issuance of equity	(422)	(783)
Total noncontrolling interests	(6,456)	(10,957)
TOTAL EQUITY	244,446	235,177
TOTAL LIABILITIES AND EQUITY	$389,380	$369,843

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.