Greenlight Capital Re, Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $729.8M | $696.0M | $667.1M | $526.7M | $588.6M | $484.1M | $538.2M | $183.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | $43.2M | $31.6M | $29.4M | $26.4M | $29.8M | $25.2M |
| Operating Income | $78.3M | $43.6M | $86.9M | $24.5M | $21.3M | $4.3M | $-3.5M | $-351.5M |
| Operating Margin | 10.7% | 6.3% | 13.0% | 4.7% | 3.6% | 0.9% | -0.7% | -192.0% |
| Interest Expense | — | — | — | — | — | $6.3M | $6.3M | $2.5M |
| Pretax Income | $78.3M | $43.6M | $86.9M | — | — | — | — | $-354.0M |
| Income Tax Expense | $3.5M | $749.0K | $100.0K | $-816.0K | $3.7M | $424.0K | $483.0K | $332.0K |
| Net Income | $74.8M | $42.8M | $86.8M | $25.3M | $17.6M | $3.9M | $-4.0M | $-350.1M |
| Net Margin | 10.3% | 6.2% | 13.0% | 4.8% | 3.0% | 0.8% | -0.7% | -191.3% |
| EPS (Basic) | $2.21 | $1.26 | $2.55 | $0.75 | $0.51 | $0.11 | $-0.11 | $-9.74 |
| EPS (Diluted) | $2.17 | $1.24 | $2.50 | $0.73 | $0.51 | $0.11 | $-0.11 | $-9.74 |
| Shares Outstanding (Basic) | 33.8M | 34.1M | 34.1M | 33.9M | 34.2M | 36.2M | 36.1M | 36.0M |
| Shares Outstanding (Diluted) | 34.5M | 34.7M | 34.8M | 39.8M | 34.4M | 36.3M | 36.1M | 36.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |