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Greenlight Captial RE, LTD. (GLRE) Financials

GLRE
Trailing 12 months to June 30, 2026
Revenue $683.5M -2.8% YoY
Net Income $51.0M +35.1% YoY
EPS (Diluted) $1.46 +32.7% YoY
Operating Cash Flow $200.1M +33.7% YoY
Market Cap $488.6M as of Sep 12, 2026
Price / Sales 0.7x on $683.5M revenue, trailing 12 months to June 30, 2026
Price / Earnings 9.6x on $51.0M net income, trailing 12 months to June 30, 2026
Price / Book 0.7x on $697.7M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLRE SEC filings page.

Greenlight Captial RE, LTD. (GLRE) reported $683.5M in revenue over the twelve months to Jun 30, 2026, down 2.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GLRE FY2025

Profitability increasingly translates into operating cash, while the business shifts toward lower debt and substantial reinvestment.

In FY2025, net margin was 10.3% versus 6.2% in FY2024. Over that same interval, operating cash flow rose from $111.5M to $210.2M, so cash generation improved much faster than reported profitability; earnings and cash were not moving in lockstep.

Debt-to-equity fell to 0.01x in FY2025 from 0.12x in FY2023. Yet total liabilities rose to $1.46B from $1.14B, so the leverage improvement reflects debt reduction rather than a smaller obligation base.

FY2025 operating cash flow was $210.2M, while investing outflows were $149.2M. Adding financing outflows of $65.1M means reported cash generation was largely redeployed rather than retained.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Loss Ratio PremiumGrowth Capital Investment Yield CombinedRatio Stability 47 / 100
Financial Health Score 47/100
Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Greenlight Captial RE, LTD.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio
48

Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Greenlight Captial RE, LTD. scores 48/100 on it among other insurers.

Premium Growth
54

Greenlight Captial RE, LTD. reported revenue of $729.8M in fiscal year 2025, against $696.0M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Greenlight Captial RE, LTD. scores 54/100 among other insurers.

Capital
74

Greenlight Captial RE, LTD. funded 32.6% of its assets with shareholders' equity at the end of fiscal year 2025, holding $708.0M of equity against $2.2B of assets. Capital ranks insurers on that cushion, and Greenlight Captial RE, LTD. scores 74/100 among other insurers.

Investment Yield
0

Not available for Greenlight Captial RE, LTD., and counted as zero in the overall score.

Combined Ratio
45

Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Greenlight Captial RE, LTD. scores 45/100 on it among other insurers.

Stability
58

Greenlight Captial RE, LTD. reported net income of $74.8M in fiscal year 2025, against $42.8M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Greenlight Captial RE, LTD. scores 58/100 among other insurers.

Piotroski F-Score Partial
6/7

Greenlight Captial RE, LTD. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.81x

For every $1 of reported earnings, Greenlight Captial RE, LTD. generates $2.81 in operating cash flow ($210.2M OCF vs $74.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$137.5M
YoY-14.1%
QoQ-27.5%
5Y CAGR+0.4%
10Y CAGR+4.6%

Greenlight Captial RE, LTD. generated $137.5M in revenue in Q2 2026. This represents a decrease of 14.1% from the same quarter a year earlier. Against the prior quarter it is down 27.5%.

Net Income
-$29.6M
YoY-9095.7%
QoQ-182.8%

Greenlight Captial RE, LTD. reported -$29.6M in net income in Q2 2026. This represents a decrease of 9095.7% from the same quarter a year earlier. Against the prior quarter it is down 182.8%.

EPS (Diluted)
-$0.89
YoY-9000.0%
QoQ-184.8%

Greenlight Captial RE, LTD. earned -$0.89 per diluted share (EPS) in Q2 2026. This represents a decrease of 9000.0% from the same quarter a year earlier. Against the prior quarter it is down 184.8%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$76.3M
YoY-7.3%
QoQ+1.6%
5Y CAGR+16.7%
10Y CAGR+5.3%

Greenlight Captial RE, LTD. held $76.3M in cash against $8.8M in long-term debt as of Q2 2026.

Shares Outstanding
33M
YoY-4.6%
QoQ-1.6%

Greenlight Captial RE, LTD. had 33M shares outstanding in Q2 2026. This represents a decrease of 4.6% from the same quarter a year earlier. Against the prior quarter it is down 1.6%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
-21.5%
YoY-21.7pp
QoQ-40.4pp
5Y change-22.0pp
10Y change+50.2pp

Greenlight Captial RE, LTD.'s net profit margin was -21.5% in Q2 2026, showing the share of revenue converted to profit. This is down 21.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 40.4 percentage points.

Return on Equity
-4.2%
YoY-4.3pp
QoQ-9.1pp
5Y change-4.4pp
10Y change+3.7pp

Greenlight Captial RE, LTD.'s ROE was -4.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$14.2M
YoY+184.2%
QoQ+184.8%

Greenlight Captial RE, LTD. spent $14.2M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 184.2% from the same quarter a year earlier. Against the prior quarter it is up 184.8%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

GLRE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLRE quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$137.5M-14.1%$189.7M-11.1%$210.3M+48.3%$146.1M-22.3%$160.1M-8.4%$213.3M+11.5%$141.8M-8.8%$188.0M+12.6%
SG&A ExpensesN/AN/AN/AN/AN/AN/AN/A$10.3M+30.6%
Income Tax$158K-54.3%$115K-91.0%$1.3M+242.8%$526K-27.2%$346K-20.5%$1.3M+147.0%-$928K-8336.4%$723K+2393.1%
Net Income-$29.6M-9095.7%$35.8M+20.7%$49.3M+279.7%-$4.4M-112.5%$329K-95.9%$29.6M+9.7%-$27.4M-255.7%$35.2M+161.5%
EPS (Basic)-$0.89-9000.0%$1.06+21.8%$1.46+284.8%-$0.13-112.6%$0.01-95.7%$0.87+10.1%-$0.79-251.9%$1.03+157.5%
EPS (Diluted)-$0.89-9000.0%$1.05+22.1%$1.43+283.3%-$0.13-112.9%$0.01-95.7%$0.86+10.3%-$0.78-252.9%$1.01+159.0%
Diluted Shares (Avg)33M-3.8%34M-0.7%N/A34M-3.0%34M-0.8%34M-0.7%N/A35M0.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.

GLRE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLRE quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$2.2B+2.3%$2.3B+5.4%$2.2B+7.6%$2.1B+6.6%$2.2B+15.2%$2.2B+14.7%$2.0B+16.2%$2.0B+15.1%
Cash & Equivalents$76.3M-7.3%$75.1M+58.2%$111.8M+72.8%$68.8M+25.9%$82.4M+57.7%$47.5M-22.9%$64.7M+26.6%$54.6M+32.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$1.5B+1.1%$1.5B+2.9%$1.5B+5.9%$1.5B+10.2%$1.5B+20.4%$1.5B+18.6%$1.4B+21.2%$1.3B+15.0%
Long-Term Debt$8.8M-85.1%$4.7M-92.1%$4.7M-92.2%$34.7M-44.5%$58.9M-4.4%$59.8M-17.4%$60.7M-17.1%$62.6M-16.4%
Total Equity$697.7M+5.2%$741.2M+11.2%$708.0M+11.3%$658.9M-0.7%$663.3M+4.6%$666.8M+6.8%$635.9M+6.7%$663.4M+15.2%
Retained Earnings$231.8M+28.2%$261.4M+44.9%$225.7M+49.6%$176.4M-1.0%$180.8M+26.4%$180.5M+33.6%$150.8M+39.6%$178.3M+97.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

GLRE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLRE quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$31.4M-54.1%$37.2M+258.8%$100.2M+239.3%$31.2M-24.5%$68.4M+201.4%$10.4M-42.2%$29.5M+33.4%$41.3M+371.8%
Stock-Based CompensationN/A$2.4M+87.5%N/AN/AN/A$1.3M-3.4%N/AN/A
Investing Cash Flow-$28.6M+39.1%-$66.1M-313.2%-$77.0M-11761.4%-$9.3M+65.6%-$46.9M-16.1%-$16.0M+46.4%$660K+102.2%-$27.0M-74.0%
Financing Cash Flow-$10.2M-72.0%-$5.0M-431.9%-$32.8M-1649.7%-$25.4M-239.7%-$5.9M+45.7%-$938K0.0%-$1.9M-$7.5M-163.5%
Share Buybacks$14.2M+184.2%$5.0M$2.8M$2.0M-73.3%$5.0M$0$0$7.5M

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid.

GLRE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLRE quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin-21.5%-21.7pp18.9%+5.0pp23.4%+42.8pp-3.0%-21.8pp0.2%-4.4pp13.9%-0.2pp-19.3%-30.6pp18.7%+10.7pp
Return on Equity-4.2%-4.3pp4.8%+0.4pp7.0%+11.3pp-0.7%-6.0pp0.1%-1.2pp4.4%+0.1pp-4.3%-7.3pp5.3%+3.0pp
Return on Assets-1.3%-1.3pp1.6%+0.2pp2.3%+3.6pp-0.2%-2.0pp0.0%-0.4pp1.4%-0.1pp-1.4%-2.4pp1.8%+1.0pp
Debt-to-Equity0.01-0.1x0.01-0.1x0.01-0.1x0.050.0x0.090.0x0.090.0x0.100.0x0.090.0x
Asset Turnover0.060.0x0.080.0x0.100.0x0.070.0x0.070.0x0.100.0x0.070.0x0.090.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Greenlight Captial RE, LTD. GLRE FY2025 $729.8M $74.8M 10.3% $488.6M 47/100
Hamilton Insurance Group, Ltd. HG FY2025 $2.9B $840.0M 28.9% $3.4B 44/100
SiriusPoint Ltd. SPNT FY2025 $3.2B $460.0M 14.3% $2.8B 34/100
Global Indemnity Group, LLC GBLI FY2025 $450.1M $25.3M 5.6% $431.9M 49/100
Ambac Financial Group, Inc. AMBC FY2025 $251.2M -$259.0M N/A $395.6M 20/100
American Coastal Insurance Corporation ACIC FY2025 $335.4M $106.8M 31.9% $441.5M 57/100

Frequently Asked Questions

What is Greenlight Captial RE, LTD.'s annual revenue?

Greenlight Captial RE, LTD. (GLRE) reported $729.8M in total revenue for fiscal year 2025. This represents a 4.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Greenlight Captial RE, LTD.'s revenue growing?

Greenlight Captial RE, LTD. (GLRE) revenue grew by 4.8% year-over-year, from $696.0M to $729.8M in fiscal year 2025.

Is Greenlight Captial RE, LTD. profitable?

Yes, Greenlight Captial RE, LTD. (GLRE) reported a net income of $74.8M in fiscal year 2025, with a net profit margin of 10.3%.

Greenlight Captial RE, LTD. (GLRE) reported diluted earnings per share of $2.17 for fiscal year 2025. This represents a 75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Greenlight Captial RE, LTD. (GLRE) had $111.8M in cash and equivalents against $4.7M in long-term debt.

Greenlight Captial RE, LTD. (GLRE) had a net profit margin of 10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Greenlight Captial RE, LTD. (GLRE) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Greenlight Captial RE, LTD. (GLRE) generated $210.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Greenlight Captial RE, LTD. (GLRE) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Greenlight Captial RE, LTD. (GLRE) spent $9.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Greenlight Captial RE, LTD. (GLRE) had 34M shares outstanding as of fiscal year 2025.

Greenlight Captial RE, LTD. (GLRE) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Greenlight Captial RE, LTD. (GLRE) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Greenlight Captial RE, LTD. (GLRE) trades at 9.6x earnings, its market capitalization divided by net income of $51.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $488.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Greenlight Captial RE, LTD. (GLRE) trades at 0.7x sales, its market capitalization divided by revenue of $683.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $488.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Greenlight Captial RE, LTD. (GLRE) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Greenlight Captial RE, LTD. (GLRE) has an earnings quality ratio of 2.81x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Greenlight Captial RE, LTD. (GLRE) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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