Greenlight Capital Re, Ltd. (GLRE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 189.66M | 177.93M | 160.47M | 178.38M | 179.56M | 136.21M | 168.16M | 170.53M | 168.03M | 154.58M | 168.78M | 156.91M | 158.12M | 115.14M | 118.2M | 109.54M | 128.95M | 142.1M | 145.49M | 136.52M |
| Revenue Growth % | 5.62% | 30.63% | -4.57% | 4.6% | 6.86% | -11.88% | -0.36% | 8.68% | 6.26% | 34.25% | 42.79% | 43.24% | 22.62% | -18.97% | -18.75% | -19.76% | -13.65% | 8.53% | 23.84% | 20.57% |
| Medical Costs & Claims | 0 | -40.64M | 135.56M | 146.93M | 169.75M | 161.29M | 139.33M | 152.49M | 150.94M | 118.11M | 143.78M | 128.8M | 0 | 0 | 131.38M | 97.16M | 130.35M | 118.8M | 145.45M | 124.59M |
| Medical Cost Ratio % | 0% | -22.84% | 84.47% | 82.37% | 94.53% | 118.41% | 82.85% | 89.42% | 89.83% | 76.41% | 85.19% | 82.08% | 0% | 0% | 111.15% | 88.69% | 101.09% | 83.61% | 99.97% | 91.26% |
| Gross Profit | 0 | 218.57M | 24.92M | 31.45M | 9.81M | -25.08M | 28.84M | 18.05M | 17.09M | 36.47M | 25M | 28.11M | 158.12M | 115.14M | -13.18M | 12.38M | -1.4M | 23.3M | 37K | 11.93M |
| Gross Margin % | 0% | 122.84% | 15.53% | 17.63% | 5.47% | -18.41% | 17.15% | 10.58% | 10.17% | 23.59% | 14.81% | 17.92% | 100% | 100% | -11.15% | 11.31% | -1.09% | 16.39% | 0.03% | 8.74% |
| Gross Profit Growth % | -100% | 971.41% | -13.58% | 74.3% | -42.59% | -168.77% | 15.35% | -35.8% | -89.19% | -68.32% | 289.7% | 126.99% | 11394.57% | 394.24% | -35716.22% | 3.77% | -107.68% | 73.74% | -98.46% | 94.46% |
| Operating Expenses | 0 | 167.96M | 28.8M | 30.78M | -21.09M | 3.26M | -7.12M | 9.63M | -10.44M | 18.88M | 11.49M | -21.78M | 158.12M | 115.14M | 6.11M | -2.41M | 4.34M | -1.02M | 13.89M | 11.31M |
| OpEx / Revenue % | 0% | 94.4% | 17.95% | 17.26% | -11.75% | 2.4% | -4.24% | 5.65% | -6.22% | 12.21% | 6.81% | -13.88% | 100% | 100% | 5.17% | -2.2% | 3.37% | -0.72% | 9.55% | 8.28% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 744K | -803K | 691K | -933K | 1.17M | -845K | 1.58M | -422K | 1.57M |
| Combined Ratio % | 0% | 71.56% | 102.42% | 99.62% | 82.79% | 120.81% | 78.62% | 95.07% | 83.61% | 88.62% | 92% | 68.21% | 100% | 100% | 116.32% | 86.49% | 104.45% | 82.89% | 109.52% | 99.54% |
| Operating Income | 0 | 50.61M | -3.88M | 675K | 30.91M | -28.35M | 35.96M | 8.41M | 27.54M | 17.59M | 13.51M | 49.89M | 0 | 0 | -19.29M | 14.8M | -5.74M | 24.32M | -13.85M | 627K |
| Operating Margin % | 0% | 28.44% | -2.42% | 0.38% | 17.21% | -20.81% | 21.38% | 4.93% | 16.39% | 11.38% | 8% | 31.79% | 0% | 0% | -16.32% | 13.51% | -4.45% | 17.11% | -9.52% | 0.46% |
| Operating Income Growth % | -100% | 278.53% | -110.79% | -91.98% | 12.24% | -261.1% | 166.25% | -83.14% | - | - | 170.03% | 237.15% | 100% | -100% | -39.21% | 2259.97% | -156.12% | -42.12% | -734.59% | 1095.24% |
| EBITDA | 0 | 50.99M | -2.35M | 1.94M | 32.52M | -27.13M | 38.35M | 11.86M | 29.66M | 22M | 15.24M | 50.63M | 6.05M | 36.58M | -20.22M | 15.96M | -6.59M | 25.9M | -14.28M | 2.2M |
| EBITDA Margin % | 0% | 28.66% | -1.47% | 1.09% | 18.11% | -19.92% | 22.81% | 6.95% | 17.65% | 14.23% | 9.03% | 32.27% | 3.82% | 31.77% | -17.1% | 14.57% | -5.11% | 18.22% | -9.81% | 1.61% |
| Interest Expense | 32K | 382K | 1.52M | 1.27M | 1.61M | 1.22M | 2.4M | 3.45M | 2.13M | 4.41M | 1.74M | 979K | 908K | 1.13M | 7.24M | 1.36M | 1.19M | 13.23M | 1.62M | 1.56M |
| Non-Operating Income | 0 | -382K | -1.52M | -1.27M | -1.61M | -1.22M | -2.4M | -3.45M | -2.13M | -4.41M | -1.74M | -979K | -6.85M | -35.89M | -7.24M | -1.36M | -1.19M | -13.23M | -1.62M | -1.56M |
| Pretax Income | 35.87M | 50.61M | -3.88M | 675K | 30.91M | -28.35M | 35.96M | 8.41M | 27.54M | 17.59M | 13.51M | 49.89M | 5.94M | 34.76M | -19.29M | 14.8M | -5.74M | 24.32M | -13.85M | 627K |
| Pretax Margin % | 18.91% | 28.44% | -2.42% | 0.38% | 17.21% | -20.81% | 21.38% | 4.93% | 16.39% | 11.38% | 8% | 31.79% | 3.76% | 30.19% | -16.32% | 13.51% | -4.45% | 17.11% | -9.52% | 0.46% |
| Income Tax | -115K | 1.32M | 526K | 346K | 1.28M | -928K | 723K | 435K | 519K | -11K | 29K | 28K | 54K | 7K | -816K | 9K | -16K | 13K | 0 | -1K |
| Effective Tax Rate % | -0.32% | 2.62% | -13.56% | 51.26% | 4.15% | 3.27% | 2.01% | 5.17% | 1.88% | -0.06% | 0.21% | 0.06% | 0.91% | 0.02% | 4.23% | 0.06% | 0.28% | 0.05% | 0% | -0.16% |
| Net Income | 35.75M | 49.28M | -4.41M | 329K | 29.63M | -27.42M | 35.24M | 7.98M | 27.02M | 17.61M | 13.48M | 49.86M | 5.89M | 34.75M | -18.47M | 14.79M | -5.73M | 24.3M | -13.85M | 628K |
| Net Margin % | 18.85% | 27.7% | -2.74% | 0.18% | 16.5% | -20.13% | 20.95% | 4.68% | 16.08% | 11.39% | 7.99% | 31.78% | 3.72% | 30.18% | -15.62% | 13.5% | -4.44% | 17.1% | -9.52% | 0.46% |
| Net Income Growth % | 20.67% | 279.74% | -112.5% | -95.88% | 9.65% | -255.73% | 161.46% | -84% | 358.96% | -49.34% | 172.97% | 237.17% | 202.79% | 42.98% | -33.32% | 2254.78% | -188.12% | -42.16% | -734.59% | 1096.83% |
| EPS (Diluted) | 1.05 | 1.43 | -0.13 | 0.01 | 0.86 | -0.81 | 1.01 | 0.23 | 0.78 | 0.50 | 0.39 | 1.30 | 0.17 | 0.91 | -0.56 | 0.37 | -0.17 | 0.71 | -0.42 | 0.02 |
| EPS Growth % | 22.09% | 276.54% | -112.87% | -95.83% | 10.26% | -262% | 158.97% | -82.31% | 358.82% | -45.05% | 169.64% | 251.35% | 200% | 28.17% | -33.33% | 1750% | -189.47% | -40.83% | -800% | - |
| EPS (Basic) | 1.06 | 1.46 | -0.13 | 0.01 | 0.87 | -0.81 | 1.03 | 0.23 | 0.79 | 0.50 | 0.40 | 1.46 | 0.18 | 1.01 | -0.56 | 0.37 | -0.17 | 0.72 | -0.42 | 0.02 |
| Diluted Shares Outstanding | 34.17M | 34.5M | 33.76M | 34.42M | 34.42M | 33.85M | 34.81M | 34.7M | 34.65M | 35.34M | 34.8M | 38.27M | 38.23M | 38.19M | 33.13M | 40.11M | 32.93M | 34.23M | 32.93M | 34.82M |