Genie Energy Ltd
genie.comWhat Do They Do?
Supplies electricity and natural gas to households and small businesses, and develops solar projects and provides energy advice to commercial and public-sector customers.
10-K for FY2025, filed May 1, 2026GRE owns and operates REPs, including IDT Energy, Inc. (“IDT Energy”), Residents Energy, LLC (“Residents Energy”), Town Square Energy, LLC…View ↗
Genie Retail Energy (“GRE”) supplies electricity and natural gas to residential and small business customers through retail energy…View ↗
The Company has two reportable business segments: GRE and GREW. GRE owns and operates REPs, including IDT Energy, Residents Energy, TSE…View ↗
How Do They Make Money?
Customers pay for metered electricity and natural gas as they use it; local utilities deliver the energy and handle billing and collection for most customers. Solar-project construction earns revenue as work progresses, while solar panels and advisory commissions earn it upon delivery or when the service is completed.
10-K for FY2025, filed May 1, 2026Revenue from the single performance obligation to deliver a unit of electricity and/or natural gas is recognized as the customer…View ↗
The electricity and natural gas we sell through our offerings are metered and delivered to customers by the local utilities. The utilities…View ↗
Genie Solar enters into contracts to identify, develop, and operate solar generation sites to provide solar electricity to customers.…View ↗
Revenues from sales of solar panels are recognized at a point in time following the transfer of control of the solar panels to the…View ↗
Revenues from commissions from selling third-party products to customers, entry and other fees from the energy procurement advisory are…View ↗
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10-K for FY2025, filed May 1, 2026
FY2025 revenue by product or service ↗
$502M
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10-K for FY2025, filed May 1, 2026
$502M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Electricity
Usage-based
10-K for FY2025, filed May 1, 2026 |
82%
FY2022: 77%
|
Electricity, FY2025
$412.8M Sources
|
Usage-based |
|
Oil and Gas
Usage-based
10-K for FY2025, filed May 1, 2026 |
13%
FY2022: 20%
|
Oil and Gas, FY2025
$65.7M Sources
|
Usage-based |
|
Product and Service, Other
|
4.7%
FY2022: 3.7%
|
Product and Service, Other, FY2025
$23.5M Sources
|
Who Are Their Customers?
Households and small businesses buy electricity and natural gas from the company’s retail providers; local utilities deliver the energy and handle billing and collection for most customers. Its advisory business serves industrial, commercial and municipal customers.
10-K for FY2025, filed May 1, 2026GRE owns and operates REPs, including IDT Energy, Inc. (“IDT Energy”), Residents Energy, LLC (“Residents Energy”), Town Square Energy, LLC…View ↗
The electricity and natural gas we sell through our offerings are metered and delivered to customers by the local utilities. The utilities…View ↗
Genie Retail Energy (“GRE”) supplies electricity and natural gas to residential and small business customers through retail energy…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed May 1, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Growing. Revenue grew 55% in 4 years, from $323.3M in FY2021 to $502M in FY2025, about 12% a year.
Renewables portfolio
The latest description includes production of high-grade plastic pallets from recycled materials, while the earlier report described solar-panel manufacturing, installation design and project management through Prism.
10-K for FY2025, filed May 1, 2026 10-K for FY2022, filed Mar 15, 2023
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