Genie Energy Ltd.
For the period ended Dec 31, 2025. Filed May 1, 2026.
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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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Consolidated Statements of Equity
CONSOLIDATED STATEMENTS OF EQUITY (in thousands)
| Genie Energy Ltd. Stockholders | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulated | ||||||||||||
| Preferred · Class A · Class B · Additional · Other | ||||||||||||
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · Noncontrolling · Total | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | |
| BALANCE AT DECEMBER 31, 2022 | $983 | $8,359 | $1,574 | $16 | $27,126 | $271 | $146,546 | $(19,010) | $1,926 | $49,010 | $(13,474) | $173,644 |
| Dividends on preferred stock ($0.3188 per share dividends | — | — | — | — | — | — | — | — | — | (333) | — | (333) |
| Dividends on common stock ($0.30 per share) | — | — | — | — | — | — | — | — | — | (8,019) | — | (8,019) |
| Exercise of Class B common stock warrants | — | — | — | — | 1,048 | 11 | 4,990 | — | — | — | — | 5,001 |
| Stock-based compensation | — | — | — | — | 334 | 3 | 2,829 | — | — | — | — | 2,832 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (1,571) | — | — | — | (1,571) |
| Repurchase of Class B common stock from stock repurchase program | — | — | — | — | — | — | — | (37) | — | — | — | (37) |
| Redemption of preferred stock | (983) | (8,359) | — | — | — | — | — | — | — | — | — | (8,359) |
| Charitable contribution of treasury stock | — | — | — | — | — | — | 624 | 382 | — | — | — | 1,006 |
| Exercise of stock options | — | — | — | — | 257 | 3 | 1,112 | (2,425) | — | — | — | (1,310) |
| Other comprehensive loss | — | — | — | — | — | — | — | — | 1,373 | — | 3 | 1,376 |
| Net income for the year ended December 31, 2023 (As Restated) | — | — | — | — | — | — | — | — | — | 52,243 | 740 | 52,983 |
| BALANCE AT DECEMBER 31, 2023 (As Restated) | $— | $— | $1,574 | $16 | $28,765 | $288 | $156,101 | $(22,661) | $3,299 | $92,901 | $(12,731) | $217,213 |
CONSOLIDATED STATEMENTS OF EQUITY (in thousands)—** (Continued)**
| Genie Energy Ltd. Stockholders | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulated | |||||||||||||
| Preferred · Class A · Class B · Additional · Other · Receivable for | |||||||||||||
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · Noncontrolling · Issuance of · Total | |||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | Equity | |
| BALANCE AT DECEMBER 31, 2023 (As Restated) | $— | $— | $1,574 | $16 | $28,765 | $288 | $156,101 | $(22,661) | $3,299 | $92,901 | $(12,731) | $— | $217,213 |
| Dividends on common stock ($0.30 per share) | — | — | — | — | — | — | — | — | — | (8,210) | — | — | (8,210) |
| Exercise of stock options | — | — | — | — | 126 | 1 | 1,015 | (1,446) | — | — | — | — | (430) |
| Stock-based compensation | — | — | — | — | 419 | 4 | 2,392 | — | — | — | — | — | 2,396 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (2,168) | — | — | — | — | (2,168) |
| Repurchase of Class B common stock from stock repurchase program | — | — | — | — | — | — | — | (10,443) | — | — | — | — | (10,443) |
| Purchase of equity of subsidiary | — | — | — | — | — | — | (316) | — | — | — | (884) | — | (1,200) |
| Class B common stock purchased from Genie Energy Charitable Foundation | — | — | — | — | — | — | — | (768) | — | — | — | — | (768) |
| Deconsolidation of a subsidiary | — | — | — | — | — | — | — | — | (12) | — | — | — | (12) |
| Consolidation of subsidiary | — | — | — | — | — | — | — | — | — | — | 1,286 | — | 1,286 |
| Noncontrolling investment to a subsidiary by Howard Jonas | — | — | — | — | — | — | — | — | — | — | 1,791 | (783) | 1,008 |
| Other comprehensive loss | — | — | — | — | — | — | — | — | 632 | — | 657 | — | 1,289 |
| Net income for the year ended December 31, 2024 (As Restated) | — | — | — | — | — | — | — | — | — | 35,509 | (293) | — | 35,216 |
| BALANCE AT DECEMBER 31, 2024 (As Restated) | $— | $— | $1,574 | $16 | $29,310 | $293 | $159,192 | $(37,486) | $3,919 | $120,200 | $(10,174) | $(783) | $235,177 |
CONSOLIDATED STATEMENTS OF EQUITY (in thousands)—** (Continued)**
| Genie Energy Ltd. Stockholders | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accumulated | |||||||||||||
| Preferred · Class A · Class B · Additional · Other · Receivable for | |||||||||||||
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · Noncontrolling · Issuance of · Total | |||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | Equity | |
| BALANCE AT DECEMBER 31, 2024 (As Restated) | $— | $— | $1,574 | $16 | $29,310 | $293 | $159,192 | $(37,486) | $3,919 | $120,200 | $(10,174) | $(783) | $235,177 |
| Dividends on common stock ($0.30 per share) | — | — | — | — | — | — | — | — | — | (8,023) | — | — | (8,023) |
| Stock-based compensation | — | — | — | — | 26 | — | 2,535 | — | — | — | — | — | 2,535 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (2,125) | — | — | — | — | (2,125) |
| Repurchase of Class B common stock from stock repurchase program | — | — | — | — | — | — | — | (8,663) | — | — | — | — | (8,663) |
| Acquisition of noncontrolling interest of subsidiaries | — | — | — | — | — | — | (4,014) | — | — | — | 4,014 | — | — |
| Restricted Class B common stock issued to a member of the Board of Directors | — | — | — | — | 3 | — | 50 | — | — | — | — | — | 50 |
| Dilution of noncontrolling interest in a subsidiary | — | — | — | — | — | — | — | — | — | — | (361) | 361 | — |
| Other comprehensive loss | — | — | — | — | — | — | — | — | 1,002 | — | 778 | — | 1,780 |
| Net income for the year ended December 31, 2025 | — | — | — | — | — | — | — | — | — | 24,006 | (291) | — | 23,715 |
| BALANCE AT DECEMBER 31, 2025 | $— | $— | $1,574 | $16 | $29,339 | $293 | $157,763 | $(48,274) | $4,921 | $136,183 | $(6,034) | $(422) | $244,446 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.