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) Updated Dec 31, 2025 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 2026-04-22

Cash-backed earnings growth is reshaping the business, with deleveraging turning reported profit into a sturdier and more flexible capital base.

Between FY2024 and FY2025, operating cash flow climbed from $111.5M to $210.2M while net income also improved, so the latest profit recovery looks cash-backed rather than purely accounting-driven. That cash then strengthened liquidity as cash balances rose and long-term debt fell to just $4.7M, showing earnings were not being absorbed by heavier financing needs.

Total liabilities of $1.46B still exceed equity of $708.0M, so this remains a balance-sheet-intensive business where capital structure matters. But with long-term debt nearly gone and cash at $111.8M, most leverage now sits in operating liabilities rather than borrowings, which lowers dependence on lenders and gives more room to absorb volatility.

From FY2023 to FY2025, return on equity moved from 14.6% to 6.7% and then recovered, even though revenue changed far less. That pattern means shareholder returns are being driven more by swings in profit generated from the asset base than by simple top-line expansion, so even moderate revenue growth can produce uneven book-value building.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Growth

Greenlight Capital Re Ltd's revenue grew a modest 4.8% year-over-year to $729.8M. This slow but positive growth earns a score of 41/100.

Leverage

100

Greenlight Capital Re Ltd carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns

Greenlight Capital Re Ltd's ROE of 10.6% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 6.7% the prior year.

Piotroski F-Score Neutral

6/9

Greenlight Capital Re Ltd passes 6 of 9 financial strength tests. 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$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-8.6%	$191.3M
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	$10.3M-1.8%	$10.5M-1.8%	$10.7M
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	$1.3M+151.9%	$526K+52.0%	$346K-73.0%	$1.3M+238.1%	-$928K-228.4%	$723K+66.2%	$435K-16.2%	$519K
Net Income	$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-70.5%	$27.0M
EPS (Diluted)	N/A	$-0.13-1400.0%	$0.01-98.8%	$0.86	N/A	$1.01+339.1%	$0.23-70.5%	$0.78

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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$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+1.2%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-15.2%	$61.6M
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-0.9%	$1.5B-3.2%	$1.5B+2.7%	$1.5B+7.6%	$1.4B+3.1%	$1.3B+5.7%	$1.3B+1.1%	$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-86.4%	$34.7M-41.0%	$58.9M-1.6%	$59.8M-1.5%	$60.7M-2.9%	$62.6M+1.6%	$61.6M-15.0%	$72.5M
Total Equity	$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+1.5%	$624.5M
Retained Earnings	$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+5.9%	$135.0M

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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$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+26.4%	$18.0M
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	-$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-35.5%	-$29.8M
Financing Cash Flow	-$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-1066.1%	-$938K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.8M+41.3%	$2.0M	N/A	N/A	$0-100.0%	$7.5M	N/A	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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	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%-9.6pp	14.1%
Return on Equity	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%-3.1pp	4.3%
Return on Assets	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%-1.0pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.01-0.0	0.05-0.0	0.090.0	0.090.0	0.100.0	0.090.0	0.10-0.0	0.12
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 9, indicating neutral financial health. 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 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.