Greenlight Capital Re Ltd. (GLRE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	499.5M	696.3M	648.0M	632.3M	477.6M
Cost of Revenue	206.6M	411.6M	604.0M	528.9M	459.6M
Gross Profit	297.5M	284.8M	43.9M	103.5M	18.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	—	—	—	23.7M	17.8M
General & Admin Expense	—	—	—	23.7M	17.8M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	240.5M	206.4M	365.0K	(7.1M)	(24.3M)
Total Operating Expenses	240.5M	206.4M	365.0K	16.5M	(6.5M)
Cost and Expenses	447.1M	618.0M	604.4M	545.4M	453.1M
Operating Income (EBIT)	57.0M	78.3M	43.6M	86.9M	24.5M
Non-Operating
Interest Income	10.2M	—	32.4M	35.6M	4.5M
Interest Expense	656.0K	4.8M	9.2M	8.0M	10.9M
Net Interest Income	9.6M	(4.8M)	23.2M	27.6M	(6.5M)
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	(687.0K)	(4.8M)	(9.2M)	(8.0M)	(10.9M)
EBT (Pre-Tax Income)	60.7M	78.3M	43.6M	86.9M	24.5M
Income Tax Expense	1.2M	3.5M	749.0K	100.0K	(816.0K)
Bottom Line
Net Income	70.0M	74.8M	42.8M	86.8M	25.3M
Earnings from Cont. Ops	70.0M	74.8M	42.8M	86.8M	25.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	70.0M	74.8M	42.8M	86.8M	29.2M
Per Share
Basic EPS	$1.73	$2.21	$1.26	$2.55	$0.75
Diluted EPS	$1.69	$2.17	$1.24	$2.50	$0.64
Revenue Per Share	$15.31	$20.59	$19.00	$18.56	$14.09
Shares
Basic Shares Outstanding	32.6M	33.8M	34.1M	34.1M	33.9M
Diluted Shares Outstanding	33.2M	34.5M	34.7M	34.8M	39.8M
Profitability Metrics
EBITDA	57.7M	83.1M	52.7M	95.0M	35.5M
D&A	—	—	—	—	79.0K
EBIT	57.7M	83.1M	52.7M	95.0M	35.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026