Saturday 17 October 2026 Export GLRE’s income statement to Excel — free account

Greenlight Capital Re, Ltd.

Greenlight Capital Re, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $729.8 million, up 4.85% from fiscal 2024. In the quarter to June 2026, revenue fell 14.2%, EPS fell 9,000.0%, free cash flow fell 54.2% and total debt fell 85.1%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

14.82 0.08 +0.54%

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Market cap: $481.1M
P/E: 9.8×
Fwd P/E: 0.0×
Dividend yield: —
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.95

Total sells 2.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	—	—	—	—	—	—	—	—	1	—	—
Sell	1	—	—	—	3	—	5	4	—	1	3	—

Insider Ownership 26.54%

Capital & Financial Ratios $m

Market Cap 481.13

Revenue 683.49

Net Income 51.03

Free Cash Flow 199.53

Net Debt (594.36)

Current Ratio 2.43

Debt/Equity 0.01

P/E ratio 9.81

Fwd P/E 0.00

P/S ratio 0.72

P/B ratio 0.70

Past 5Y EPS Growth 81.56%

This Y EPS Growth (76.94%)

Next Y EPS Growth 199.96%

Next Y revenue growth (100.00%)

Next 5Y EPS Growth (13.66%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 46.77%

10-year low 10-year high

P/S against its own 10 years 57.10%

10-year low 10-year high

P/B against its own 10 years 52.05%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	656	649	644	603
Receivables	637	734	704	704
Inventory	—	—	—	—
Other	—	—	—	—
	1,292	1,383	1,347	1,307

	2023	2024	2025	Q'26
Payables	375	430	458	505
ST’ Debt	—	—	—	—
Other	17	22	16	33
	393	452	474	538

Compound Annual Growth %

	10y	5y	3y
Sales	19.48%	8.56%	11.48%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	80.87%	43.47%
Book Value	(1.80%)	8.78%	12.06%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	190	137	—	—	—
’25	213	160	146	210	730
’24	191	175	188	142	696
’23	155	190	167	155	667
’22	133	121	127	146	527
’21	153	135	139	161	589
’20	76	115	124	169	484

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	37	31	—	—	—
’25	10	68	31	100	210
’24	18	23	41	30	112
’23	(1)	2	(15)	22	8
’22	(12)	(2)	(13)	(4)	(32)
’21	(19)	(1)	1	(38)	(56)
’20	(32)	(11)	(2)	(47)	(91)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	37	31	—	—	—
’25	10	68	31	100	210
’24	18	23	41	28	110
’23	(1)	2	(15)	22	8
’22	(12)	(2)	(13)	(4)	(32)
’21	(19)	(1)	1	(38)	(56)
’20	(32)	(11)	(2)	(47)	(91)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.05	(0.89)	—	—	—
’25	0.86	0.01	(0.13)	1.44	2.17
’24	0.78	0.23	1.01	(0.81)	1.24
’23	0.17	1.32	0.39	0.50	2.50
’22	(0.17)	0.37	(0.56)	0.91	0.73
’21	0.19	0.02	(0.42)	0.71	0.51
’20	(1.11)	0.00	0.06	1.20	0.11

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.05	19.70	8.36	8.03	5.00	6.60	6.51	8.06	10.95	11.57	Analyst estimates 2026–2028 Powerpack
	High	24.10	24.10	21.45	12.60	10.35	9.71	8.56	11.72	15.82	15.07
People
People	Employees	35	40	36	40	35	44	48	64	75	84
	Revenue/emp, $m	16.81	16.14	5.08	13.45	13.83	13.38	10.97	10.42	9.28	8.69
Income, $m
Income, $m	Revenue	588	646	183	538	484	589	527	667	696	730
	Gross margin, %	12.41	(2.86)	(178.29)	6.05	7.64	11.66	12.73	20.72	13.22	18.27
	EBT	47	(45)	(354)	(4)	4	21	25	87	44	78
	EBT margin, %	8.02	(6.94)	(193.41)	(0.65)	0.89	3.62	4.66	13.03	6.26	10.73
	Net income	47	(44)	(354)	(4)	4	18	25	87	43	75
	Depreciation	0	0	3	2	2	2	0	(2)	1	(1)
Per share, $
Per share, $	Revenue	15.79	17.45	5.09	14.92	13.38	17.21	15.53	19.58	20.41	21.58
	Earnings	1.20	(1.21)	(9.74)	(0.11)	0.11	0.51	0.75	2.55	1.26	2.21
	Cash flow	(0.96)	2.55	(1.65)	0.05	(2.52)	(1.65)	(0.94)	0.22	3.27	6.22
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(0.03)	(0.01)
	Free cash flow	(0.96)	2.55	(1.65)	0.05	(2.52)	(1.65)	(0.94)	0.22	3.24	6.20
	Book value	23.77	22.82	13.29	13.23	12.85	13.91	14.84	17.50	18.65	20.94
	Shares, m	37	37	36	36	36	34	34	34	34	34
Valuation, ×
Valuation, ×	P/E	19.42	0.00	0.00	0.00	49.33	15.68	11.16	4.38	11.29	6.57
	P/S	1.48	1.17	1.69	0.68	0.55	0.46	0.52	0.57	0.69	0.68
	P/B	0.98	0.90	0.65	0.76	0.57	0.56	0.55	0.64	0.75	0.70
	EV/Sales	(0.64)	(1.20)	(1.60)	(0.58)	(0.81)	(0.59)	(0.66)	(0.30)	(0.16)	(0.20)
	EV/FCF	10.46	(8.20)	4.93	(189.84)	4.32	6.13	11.00	(26.85)	(1.00)	(0.70)
Cash, $m
Cash, $m	Operating cash flow	(36)	94	(59)	2	(91)	(56)	(32)	8	112	210
	Capex	—	—	—	—	—	—	—	—	(1)	0
	Free cash flow	(36)	94	(59)	2	(91)	(56)	(32)	8	110	210
Balance, $m
Balance, $m	Working capital	1,302	1,454	688	712	793	794	795	900	931	874
	Total debt	—	—	101	94	96	98	81	73	61	5
	Net debt	(1,243)	(1,531)	(602)	(674)	(659)	(613)	(626)	(582)	(588)	(639)
	Shareholders’ equity	886	844	478	477	465	476	503	596	636	708
Returns, %
Returns, %	ROA	1.67	(1.49)	(14.61)	(0.29)	0.29	1.26	1.69	5.24	2.28	3.58
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	596.19	108.85	116.49
	ROE	5.17	(5.20)	(52.96)	(0.83)	0.82	3.74	5.18	15.80	6.95	11.14

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RGA Reinsurance Group of America, Incorporated	$17.2B	11.5×	8.4×	+18.54% (above 0%: growing)	+159.93% (above 0%: growing)	−40.98% (below 0%: shrinking)	15.58%	10.73%	Compare
EG Everest Group, Ltd.	$14.6B	8.2×	6.4×	−11.80% (below 0%: shrinking)	−11.68% (below 0%: shrinking)	−73.12% (below 0%: shrinking)	18.99%	18.15%	Compare
RNR RenaissanceRe Holdings Ltd.	$14.3B	6.0×	9.0×	−13.66% (below 0%: shrinking)	−9.91% (below 0%: shrinking)	−42.00% (below 0%: shrinking)	45.62%	41.52%	Compare
HG Hamilton Insurance Group, Ltd.	$3.5B	6.1×	7.1×	+13.34% (above 0%: growing)	−21.62% (below 0%: shrinking)	−42.62% (below 0%: shrinking)	56.94%	31.21%	Compare
SPNT SiriusPoint Ltd.	$2.9B	5.9×	8.3×	−0.55% (below 0%: shrinking)	+15.69% (above 0%: growing)	−108.37% (below 0%: shrinking)	30.79%	30.47%	Compare
GLRE Greenlight Capital Re, Ltd.	$481.1M	9.8×	— (loss-making)	−14.15% (below 0%: shrinking)	n/m	−54.17% (below 0%: shrinking)	(13.58%)	(13.58%)
KG Kestrel Group Ltd	$36.2M	— (loss-making)	— (loss-making)	+20.12% (above 0%: growing)	n/m	−29.99% (below 0%: shrinking)	62.64%	(94.30%)	Compare
OXBR Oxbridge Re Holdings Limited	$7.5M	50.0×	— (loss-making)	+41.57% (above 0%: growing)	n/m	+87.70% (above 0%: growing)	95.32%	31.17%	Compare
Median of peers	$3.5B	7.2×	8.3×	+13.34%	−9.91%	−42.00%	45.62%	30.47%

All 8 Insurance Reinsurance stocks →

Greenlight Capital Re, Ltd. (GLRE) key facts

Strength: Greenlight Capital Re, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $729.8 million, up 4.85% from fiscal 2024.
Greenlight Capital Re, Ltd. (GLRE) is an Insurance Reinsurance company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, GLRE traded at $14.82, a market capitalization of $481.1 million.
Return on equity was 11.1% and debt-to-equity 0.01.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.