Greenlight Capital Re, Ltd. (GLRE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	664.6M	696.3M	648.0M	632.3M	477.6M
Cost of Revenue	342.2M	411.6M	604.0M	528.9M	459.6M
Gross Profit	322.4M	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	269.3M	206.4M	365.0K	(7.1M)	(24.3M)
Total Operating Expenses	269.3M	206.4M	365.0K	16.5M	(6.5M)
Cost and Expenses	611.4M	618.0M	604.4M	545.4M	453.1M
Operating Income (EBIT)	53.2M	78.3M	43.6M	86.9M	24.5M
Non-Operating
Interest Income	16.8M	—	32.4M	35.6M	4.5M
Interest Expense	2.2M	4.8M	9.2M	8.0M	10.9M
Net Interest Income	14.6M	(4.8M)	23.2M	27.6M	(6.5M)
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	(2.2M)	(4.8M)	(9.2M)	(8.0M)	(10.9M)
EBT (Pre-Tax Income)	53.2M	78.3M	43.6M	86.9M	24.5M
Income Tax Expense	2.1M	3.5M	749.0K	100.0K	(816.0K)
Bottom Line
Net Income	51.0M	74.8M	42.8M	86.8M	25.3M
Earnings from Cont. Ops	51.0M	74.8M	42.8M	86.8M	25.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	51.0M	74.8M	42.8M	86.8M	29.2M
Per Share
Basic EPS	$1.50	$2.21	$1.26	$2.55	$0.75
Diluted EPS	$1.46	$2.17	$1.24	$2.50	$0.64
Revenue Per Share	$20.07	$20.59	$19.00	$18.56	$14.09
Shares
Basic Shares Outstanding	33.1M	33.8M	34.1M	34.1M	33.9M
Diluted Shares Outstanding	33.1M	34.5M	34.7M	34.8M	39.8M
Profitability Metrics
EBITDA	55.4M	83.1M	52.7M	95.0M	35.5M
D&A	44.0K	—	—	—	79.0K
EBIT	55.4M	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 Jun 1, 2026