What is Greenlight Capital Re Ltd's earnings per share (EPS)?

Greenlight Capital 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.

Greenlight Capital Re Ltd Financials

GLRE

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Greenlight Capital Re Ltd (GLRE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 2026-05-05

Greenlight's visible mechanic is cash-rich deleveraging: profit swings year to year, but the balance sheet is becoming less lender-funded.

By FY2025, operating cash flow reached $210.2M against net income of $74.8M, a much stronger cash conversion than the near-breakeven cash result two years earlier, so the recent improvement is not just better stated profit. With total liabilities at $1.46B but long-term debt only $4.7M, the balance sheet is financed far more by non-debt liabilities than by lenders.

The notable volatility is in reported profitability, not in capital: net margin fell from 13.0% in FY2023 to 6.2% in FY2024, then recovered in FY2025. Because equity still rose from $635.9M to $708.0M over the last year, the company absorbed that earnings swing without shrinking the capital that supports future business activity.

Equity increased while shares outstanding fell from 35.3M to 33.9M, which means each remaining share now represents a larger claim on the firm. That lifted book value per share by about 23.8% from FY2023 to FY2025, so buybacks amplified capital growth on a per-share basis rather than merely offsetting dilution.

Financial Health Signals

Financial Health Score 46/100

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 Capital 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

Premium Growth

Capital

Combined Ratio

Stability

Piotroski F-Score Partial

6/7

Greenlight Capital 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 Capital 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

$729.8M

YoY+4.8%

5Y CAGR+8.6%

10Y CAGR+19.5%

Greenlight Capital Re Ltd generated $729.8M in revenue in fiscal year 2025. This represents an increase of 4.8% from the prior year.

EBITDA

N/A

Net Income

$74.8M

YoY+74.8%

5Y CAGR+80.9%

Greenlight Capital Re Ltd reported $74.8M in net income in fiscal year 2025. This represents an increase of 74.8% from the prior year.

EPS (Diluted)

$2.17

YoY+75.0%

5Y CAGR+81.6%

Greenlight Capital Re Ltd earned $2.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 75.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$111.8M

YoY+72.8%

5Y CAGR+65.7%

10Y CAGR-22.0%

Greenlight Capital Re Ltd held $111.8M in cash against $4.7M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

34M

YoY-2.7%

Greenlight Capital Re Ltd had 34M shares outstanding in fiscal year 2025. This represents a decrease of 2.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.3%

YoY+4.1pp

5Y CAGR+9.4pp

10Y CAGR+275.5pp

Greenlight Capital Re Ltd's net profit margin was 10.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.1 percentage points from the prior year.

Return on Equity

10.6%

YoY+3.8pp

5Y CAGR+9.7pp

10Y CAGR+50.1pp

Greenlight Capital Re Ltd's ROE was 10.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$9.8M

YoY+31.2%

5Y CAGR-11.2%

10Y CAGR-5.7%

Greenlight Capital Re Ltd spent $9.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 31.2% from the prior year.

Capital Expenditures

N/A

GLRE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$729.8M+4.8%	$696.0M+4.3%	$667.1M+26.7%	$526.7M-10.5%	$588.6M+21.6%	$484.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$43.2M+36.8%	$31.6M+7.6%	$29.4M+11.2%	$26.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	-$6.7M+42.4%	-$11.7M-285.6%	$6.3M
Income Tax	$3.5M+364.5%	$749K+649.0%	$100K+112.3%	-$816K-121.8%	$3.7M+783.5%	$424K
Net Income	$74.8M+74.8%	$42.8M-50.7%	$86.8M+242.6%	$25.3M+44.2%	$17.6M+354.7%	$3.9M
EPS (Diluted)	$2.17+75.0%	$1.24-50.4%	$2.50+242.5%	$0.73+43.1%	$0.51+363.6%	$0.11

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$189.7M-9.8%	$210.3M+44.0%	$146.1M-8.8%	$160.1M-24.9%	$213.3M+50.4%	$141.8M-24.6%	$188.0M+7.5%	$174.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	$10.3M-1.8%	$10.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$115K-91.3%	$1.3M+151.9%	$526K+52.0%	$346K-73.0%	$1.3M+238.1%	-$928K-228.4%	$723K+66.2%	$435K
Net Income	$35.8M-27.5%	$49.3M+1218.8%	-$4.4M-1438.9%	$329K-98.9%	$29.6M+208.1%	-$27.4M-177.8%	$35.2M+341.7%	$8.0M
EPS (Diluted)	$1.05	N/A	$-0.13-1400.0%	$0.01-98.8%	$0.86	N/A	$1.01+339.1%	$0.23

GLRE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B+7.6%	$2.0B+16.2%	$1.7B+9.8%	$1.6B+10.7%	$1.4B+5.1%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$111.8M+72.8%	$64.7M+26.6%	$51.1M+33.6%	$38.2M-49.9%	$76.3M+754.0%	$8.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+5.9%	$1.4B+21.2%	$1.1B+5.8%	$1.1B+13.2%	$951.8M+6.6%	$892.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.7M-92.2%	$60.7M-17.1%	$73.3M-9.0%	$80.5M	N/A	N/A
Total Equity	$708.0M+11.3%	$635.9M+6.7%	$596.1M+18.5%	$503.1M+5.8%	$475.7M+2.3%	$464.9M
Retained Earnings	$225.7M+49.6%	$150.8M+39.6%	$108.0M+409.6%	$21.2M+323.0%	-$9.5M+64.9%	-$27.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.3B+4.6%	$2.2B+1.7%	$2.1B-2.5%	$2.2B+1.7%	$2.2B+6.7%	$2.0B+0.7%	$2.0B+5.4%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$75.1M-32.8%	$111.8M+62.5%	$68.8M-16.5%	$82.4M+73.5%	$47.5M-26.6%	$64.7M+18.4%	$54.6M+4.6%	$52.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B+4.5%	$1.5B-0.9%	$1.5B-3.2%	$1.5B+2.7%	$1.5B+7.6%	$1.4B+3.1%	$1.3B+5.7%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.7M+0.3%	$4.7M-86.4%	$34.7M-41.0%	$58.9M-1.6%	$59.8M-1.5%	$60.7M-2.9%	$62.6M+1.6%	$61.6M
Total Equity	$741.2M+4.7%	$708.0M+7.5%	$658.9M-0.7%	$663.3M-0.5%	$666.8M+4.9%	$635.9M-4.2%	$663.4M+4.6%	$634.0M
Retained Earnings	$261.4M+15.8%	$225.7M+27.9%	$176.4M-2.4%	$180.8M+0.2%	$180.5M+19.6%	$150.8M-15.4%	$178.3M+24.6%	$143.0M

GLRE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$210.2M+88.5%	$111.5M+1385.3%	$7.5M+123.6%	-$31.8M+43.5%	-$56.3M+38.4%	-$91.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$149.2M-54.5%	-$96.6M-81.7%	-$53.1M-213.0%	$47.0M+103.6%	$23.1M-75.9%	$95.6M
Financing Cash Flow	-$65.1M-206.7%	-$21.2M-301.4%	-$5.3M+73.3%	-$19.8M-98.3%	-$10.0M+43.8%	-$17.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$9.8M+31.2%	$7.5M	$0-100.0%	$35K-99.7%	$10.0M-43.8%	$17.8M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$37.2M-62.8%	$100.2M+221.4%	$31.2M-54.4%	$68.4M+559.4%	$10.4M-64.9%	$29.5M-28.5%	$41.3M+81.9%	$22.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$66.1M+14.1%	-$77.0M-730.0%	-$9.3M+80.2%	-$46.9M-193.4%	-$16.0M-2523.5%	$660K+102.4%	-$27.0M+33.3%	-$40.4M
Financing Cash Flow	-$5.0M+84.8%	-$32.8M-29.0%	-$25.4M-328.5%	-$5.9M-532.9%	-$938K+50.0%	-$1.9M+74.9%	-$7.5M+31.5%	-$10.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5.0M+76.6%	$2.8M+41.3%	$2.0M-60.0%	$5.0M	$0	$0-100.0%	$7.5M	N/A

GLRE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.3%+4.1pp	6.2%-6.9pp	13.0%+8.2pp	4.8%+1.8pp	3.0%+2.2pp	0.8%
Return on Equity	10.6%+3.8pp	6.7%-7.8pp	14.6%+9.5pp	5.0%+1.3pp	3.7%+2.9pp	0.8%
Return on Assets	3.5%+1.3pp	2.1%-2.9pp	5.0%+3.4pp	1.6%+0.4pp	1.2%+0.9pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.01-0.1	0.10-0.0	0.12-0.0	0.16-1.8	2.00+0.1	1.92
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.9%-4.6pp	23.4%+26.5pp	-3.0%-3.2pp	0.2%-13.7pp	13.9%+33.2pp	-19.3%-38.1pp	18.7%+14.2pp	4.6%
Return on Equity	4.8%-2.1pp	7.0%+7.6pp	-0.7%-0.7pp	0.1%-4.4pp	4.4%+8.8pp	-4.3%-9.6pp	5.3%+4.0pp	1.3%
Return on Assets	1.6%-0.7pp	2.3%+2.5pp	-0.2%-0.2pp	0.0%-1.4pp	1.4%+2.7pp	-1.4%-3.1pp	1.8%+1.3pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.010.0	0.01-0.0	0.05-0.0	0.090.0	0.090.0	0.100.0	0.090.0	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Greenlight Capital Re Ltd's annual revenue?

Greenlight Capital 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 Capital Re Ltd's revenue growing?

Greenlight Capital Re Ltd (GLRE) revenue grew by 4.8% year-over-year, from $696.0M to $729.8M in fiscal year 2025.

Is Greenlight Capital Re Ltd profitable?

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

How much debt does Greenlight Capital Re Ltd have?

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

What is Greenlight Capital Re Ltd's net profit margin?

Greenlight Capital 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.

What is Greenlight Capital Re Ltd's return on equity (ROE)?

Greenlight Capital 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.

What is Greenlight Capital Re Ltd's operating cash flow?

Greenlight Capital Re Ltd (GLRE) generated $210.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Greenlight Capital Re Ltd's total assets?

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

Does Greenlight Capital Re Ltd buy back shares?

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

How many shares does Greenlight Capital Re Ltd have outstanding?

Greenlight Capital Re Ltd (GLRE) had 34M shares outstanding as of fiscal year 2025.

What is Greenlight Capital Re Ltd's debt-to-equity ratio?

Greenlight Capital 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.

What is Greenlight Capital Re Ltd's return on assets (ROA)?

Greenlight Capital 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.

What is Greenlight Capital Re Ltd's Piotroski F-Score?

Greenlight Capital 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.

Are Greenlight Capital Re Ltd's earnings high quality?

Greenlight Capital 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.

How financially healthy is Greenlight Capital Re Ltd?

Greenlight Capital Re Ltd (GLRE) scores 46 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.