GLRE - Greenlight Capital Re, Ltd.
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DETAILS
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||
| Revenue | 696.3 | 648.0 | 632.3 | 477.6 | 570.5 | 478.8 | 491.4 | 243.8 | 645.7 | 588.4 | 123.0 | 479.8 | 764.3 | 545.4 | 403.1 | 390.6 | 419.1 | (11.2) | 125.7 | 86.1 | 29.3 | 10.2 |
| Cost of Revenue | 411.6 | 604.0 | 528.9 | 459.6 | 519.9 | 447.1 | 505.6 | 509.3 | 664.1 | 515.3 | 433.3 | 342.7 | 510.4 | 509.3 | 380.4 | 279.7 | 188.3 | 97.1 | 78.4 | 20.1 | 0 | 0 |
| Gross Profit | 284.8 | 43.9 | 103.5 | 18.0 | 50.5 | 31.7 | (14.2) | (265.5) | (18.5) | 73.0 | (310.3) | 137.2 | 254.0 | 36.1 | 22.7 | 111.0 | 230.8 | (108.3) | 47.2 | 66.1 | 29.3 | 10.2 |
| Operating Expenses | ||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 23.7 | 17.8 | 29.4 | 26.4 | 29.8 | 25.2 | 26.4 | 9.2 | 8.8 | 8.0 | 21.0 | 17.5 | 13.9 | 16.2 | 19.0 | 13.8 | 11.9 | 9.1 | 0 | 0 |
| Other Expenses | 206.4 | 0.4 | (7.1) | (24.3) | (0.2) | 1.0 | (40.5) | 63.3 | 0 | 16.6 | 14.7 | 16.5 | 0 | 0 | 0 | 0 | 2.3 | (1.2) | 0 | 0 | (3.0) | 10.2 |
| Operating Expenses | 206.4 | 0.4 | 16.5 | (6.5) | 29.2 | 27.4 | (10.7) | 88.5 | 26.4 | 25.8 | 23.4 | 24.5 | 21.0 | 17.5 | 13.9 | 16.2 | 21.3 | 12.6 | 11.9 | 9.1 | (3.0) | 10.2 |
| Operating Income | ||||||||||||||||||||||
| Operating Income | 78.3 | 43.6 | 86.9 | 24.5 | 21.3 | 4.3 | (3.5) | (354.0) | (44.8) | 47.2 | (333.7) | 112.7 | 233.0 | 18.5 | 8.8 | 94.8 | 209.5 | (120.9) | 35.3 | 57.0 | 26.3 | 0 |
| Interest Expense | 4.8 | 9.2 | 8.0 | 10.9 | 17.9 | 6.3 | 6.3 | 2.5 | 0 | 0 | 18.5 | 7.5 | 25.4 | 17.4 | 13.3 | 4.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 32.4 | 35.6 | 4.5 | 0 | 3.5 | 0 | 17.5 | 1.6 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||
| EBITDA | 83.1 | 52.7 | 95.0 | 35.5 | 39.3 | 12.9 | 5.1 | (348.7) | (44.5) | 47.6 | (314.8) | 113.1 | 233.3 | 18.8 | 9.0 | 95.0 | 211.9 | (24.9) | 35.4 | 57.0 | 26.3 | 0 |
| EBIT | 83.1 | 52.7 | 95.0 | 35.4 | 39.2 | 10.6 | 2.8 | (351.5) | (44.8) | 47.2 | (315.2) | 112.7 | 233.0 | 18.5 | 8.8 | 94.8 | 211.8 | (24.9) | 35.3 | 57.0 | 26.3 | 0 |
| Income Before Tax | 78.3 | 43.6 | 86.9 | 24.5 | 21.3 | 4.3 | (3.5) | (354.0) | (44.8) | 47.2 | (333.7) | 112.7 | 233.0 | 18.5 | 8.8 | 94.8 | 209.5 | (120.9) | 35.3 | 57.0 | 54.2 | 0 |
| Income Tax Expense | 3.5 | 0.7 | 0.1 | (0.8) | 3.7 | 0.4 | 0.5 | 0.3 | (0.5) | 0.5 | (1.8) | (0.6) | 0.5 | 0.1 | 0.2 | 0.4 | (0.0) | 0 | 0 | 0 | 27.9 | 0 |
| Net Income | 74.8 | 42.8 | 86.8 | 25.3 | 17.6 | 3.9 | (4.0) | (350.1) | (45.0) | 44.9 | (326.4) | 109.6 | 225.7 | 14.6 | 6.8 | 90.6 | 209.5 | (122.1) | 35.3 | 57.0 | 26.3 | 6.8 |
| Per Share Data | ||||||||||||||||||||||
| EPS (Basic) | 2.21 | 1.26 | 2.55 | 0.75 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.94 | 6.13 | 0.40 | 0.19 | 2.49 | 5.78 | -3.36 | 1.17 | 2.67 | 1.24 | 0.32 |
| EPS (Diluted) | 2.17 | 1.24 | 2.50 | 0.64 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.89 | 6.01 | 0.39 | 0.18 | 2.44 | 5.71 | -3.36 | 1.15 | 2.66 | 1.24 | 0.32 |
| Shares Outstanding | 33.8 | 34.1 | 34.1 | 33.9 | 34.2 | 36.2 | 36.1 | 35.9 | 37.0 | 37.3 | 36.7 | 37.2 | 36.8 | 36.7 | 36.5 | 36.4 | 36.2 | 36.0 | 30.3 | 21.4 | 21.2 | 21.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 111.8 | 64.7 | 51.1 | 38.2 | 76.3 | 8.9 | 25.8 | 18.2 | 27.3 | 39.9 | 31.7 | 94.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 745.8 | 790.3 | 645.1 | 518.8 | 416.5 | 353.2 | 278.1 | 0 | 0 | 0 | 52.8 | 81.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 532.0 | 0 | (713.4) | (575.2) | 634.8 | (362.1) | (304.8) | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,428.7 | 884.5 | 0 | 0 | 1,127.6 | 0 | 0 | 18.2 | 27.3 | 39.9 | 149.8 | 175.1 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (51.4) | (64.0) | 0.7 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 100.0 | 0 | 80.0 | 0 | 63.0 | 0 | 0 | 49.9 | 62.4 | 61.0 | 0 | 0 |
| Long-Term Investments | 633.1 | 387.1 | 332.2 | 178.2 | 231.0 | 166.7 | 240.1 | 36.9 | 1,210.9 | 866.5 | 689.0 | 479.5 |
| Other Non-Current Assets | 8.0 | 744.6 | 5.1 | (178.2) | 5.9 | (166.7) | (240.1) | 1,069.5 | 727.8 | 639.1 | (689.0) | (479.5) |
| Total Non-Current Assets | 741.1 | 1,131.7 | 417.2 | 0 | 299.9 | 0 | 0 | 1,106.4 | 1,938.6 | 1,568.6 | 689.0 | 479.5 |
| Total Assets | 2,169.8 | 2,016.2 | 1,735.3 | 1,580.4 | 1,427.5 | 1,357.7 | 1,355.2 | 1,435.4 | 3,357.4 | 2,664.7 | 1,624.2 | 958.0 |
| Current Liabilities | ||||||||||||
| Account Payables | 95.9 | 105.9 | 69.0 | 105.1 | 91.2 | 92.2 | 122.7 | 139.2 | 839.0 | 363.5 | 16.2 | 35.0 |
| Short-Term Debt | 4.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 361.7 | 0 | 0 | 0 | 227.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 984.1 | 21.9 | (69.0) | (105.1) | 527.8 | (92.2) | (122.7) | (148.9) | (839.0) | (363.5) | (16.2) | (52.1) |
| Total Current Liabilities | 1,446.3 | 127.8 | 0 | 0 | 846.6 | 0 | 0 | 867.0 | 839.0 | 363.5 | 32.0 | 35.0 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 0 | 60.7 | 73.3 | 80.5 | 98.1 | 95.8 | 93.5 | 91.2 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 15.5 | 1,191.8 | 1,022.1 | (80.5) | 840.8 | (95.8) | (93.5) | 864.8 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 15.5 | 1,252.6 | 1,096.3 | 0 | 940.7 | 0 | 0 | 91.2 | 1.7 | 1.3 | 0 | 0 |
| Total Liabilities | 1,461.8 | 1,380.3 | 1,139.2 | 1,077.3 | 951.8 | 892.8 | 878.0 | 956.0 | 2,506.0 | 1,773.0 | 895.0 | 466.6 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 3.4 | 3.5 | 3.5 | 3.5 | 3.4 | 3.5 | 3.7 | 3.6 | 3.7 | 3.7 | 3.6 | 3.6 |
| Retained Earnings | 225.7 | 150.8 | 108.0 | 21.2 | (9.5) | (27.1) | (30.1) | (26.1) | 324.3 | 370.2 | 213.6 | 4.2 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 708.0 | 635.9 | 596.1 | 503.1 | 475.7 | 464.9 | 477.2 | 477.3 | 831.3 | 874.2 | 698.6 | 485.4 |
| Total Liabilities & Equity | 2,169.8 | 2,016.2 | 1,735.3 | 1,580.4 | 1,427.5 | 1,357.7 | 1,355.2 | 1,435.4 | 3,357.4 | 2,664.7 | 1,624.2 | 958.0 |
| Debt Metrics | ||||||||||||
| Total Debt | 4.7 | 60.7 | 73.3 | 80.5 | 98.1 | 95.8 | 93.5 | 91.2 | 7.2 | 22.5 | 0 | 0 |
| Net Debt | (107.0) | (3.9) | 22.2 | 42.3 | 21.8 | 86.9 | 67.7 | 73.0 | (20.1) | (17.4) | (31.7) | (94.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 74.8 | 42.8 | 86.8 | 25.3 | 17.6 | 3.9 | (4.0) | (354.3) | (45.0) | 44.9 | 26.3 |
| Depreciation & Amortization | 0 | 0 | 0 | 0.1 | 2.3 | 2.3 | 2.4 | 2.8 | 0.4 | 0.4 | 0.0 |
| Stock-Based Compensation | 7.1 | 4.5 | 6.1 | 4.7 | 3.2 | 2.5 | 3.9 | 4.6 | 4.9 | 4.0 | 0 |
| Change in Working Capital | 153.0 | 96.0 | (54.6) | (3.3) | (27.6) | (78.1) | 40.1 | (42.9) | 174.5 | 6.2 | 3.8 |
| Other Non-Cash Items | (24.8) | (31.8) | (30.9) | (58.6) | (51.8) | (0.8) | (40.7) | 328.7 | (40.3) | (206.0) | (61.8) |
| Operating Cash Flow | 210.2 | 111.5 | 7.5 | (31.8) | (56.3) | (91.3) | 1.6 | (59.3) | 94.4 | (35.8) | (31.7) |
| Investing Activities | |||||||||||
| Capital Expenditure | 0 | 0 | 0 | (107.3) | (1.2) | 0 | 0 | 0 | 0 | 0 | (0.0) |
| Acquisitions | 0 | 0 | 0 | 60.2 | 1.2 | 0 | (1.3) | (13.7) | 2.1 | (7.8) | 0 |
| Purchases of Investments | (165.4) | 0 | (7.1) | (78.3) | (119.6) | (82.6) | (50.1) | (800.5) | (1,145.3) | (1,371.3) | 0 |
| Sales/Maturities of Investments | 2.7 | 0 | 0 | 125.4 | 136.6 | 158.3 | 114.1 | 1,143.6 | 1,119.5 | 1,490.5 | 0 |
| Other Investing Activities | 13.6 | (96.6) | (46.0) | 47.0 | 6.1 | 19.9 | 0.7 | (1,174.8) | (82.8) | (142.0) | 0 |
| Investing Cash Flow | (149.2) | (96.6) | (53.1) | 47.0 | 23.1 | 95.6 | 63.3 | (845.3) | (106.5) | (30.4) | (0.0) |
| Financing Activities | |||||||||||
| Net Debt Issuance | (55.3) | (13.8) | (5.3) | (19.8) | 0 | 0 | 0 | 96.6 | 0 | 0 | 8.3 |
| Stock Repurchased | (9.8) | (7.5) | 0 | (0.0) | (10) | (17.8) | 0 | (16.5) | (2.8) | 0 | 0 |
| Dividends Paid | 0 | (42.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 42.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (65.1) | (21.2) | (5.3) | (19.8) | (10) | (17.8) | 0 | 80.1 | (2.8) | 0 | 8.3 |
| Cash Position | |||||||||||
| Net Change in Cash | (5.4) | (6.6) | (50.8) | (4.6) | (43.2) | (13.6) | 64.7 | (827.9) | (12.6) | (72.3) | (23.4) |
| Cash at Beginning | 649.1 | 655.7 | 706.5 | 711.1 | 754.3 | 767.9 | 703.2 | 1,531.1 | 39.9 | 112.2 | 30.7 |
| Cash at End | 643.7 | 649.1 | 655.7 | 706.5 | 711.1 | 754.3 | 767.9 | 703.2 | 27.3 | 39.9 | 7.2 |
| Free Cash Flow | 210.2 | 111.5 | 7.5 | (139.1) | (57.5) | (91.3) | 1.6 | (59.3) | 94.4 | (35.8) | (31.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||
| Revenue | 696.3 | 648.0 | 632.3 | 477.6 | 570.5 | 478.8 | 491.4 | 243.8 | 645.7 | 588.4 | 123.0 | 479.8 | 764.3 | 545.4 | 403.1 | 390.6 | 419.1 | (11.2) | 125.7 | 86.1 | 29.3 | 10.2 |
| Gross Profit | 284.8 | 43.9 | 103.5 | 18.0 | 50.5 | 31.7 | (14.2) | (265.5) | (18.5) | 73.0 | (310.3) | 137.2 | 254.0 | 36.1 | 22.7 | 111.0 | 230.8 | (108.3) | 47.2 | 66.1 | 29.3 | 10.2 |
| Operating Income | 78.3 | 43.6 | 86.9 | 24.5 | 21.3 | 4.3 | (3.5) | (354.0) | (44.8) | 47.2 | (333.7) | 112.7 | 233.0 | 18.5 | 8.8 | 94.8 | 209.5 | (120.9) | 35.3 | 57.0 | 26.3 | 0 |
| Net Income | 74.8 | 42.8 | 86.8 | 25.3 | 17.6 | 3.9 | (4.0) | (350.1) | (45.0) | 44.9 | (326.4) | 109.6 | 225.7 | 14.6 | 6.8 | 90.6 | 209.5 | (122.1) | 35.3 | 57.0 | 26.3 | 6.8 |
| EPS (Diluted) | 2.17 | 1.24 | 2.50 | 0.64 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.89 | 6.01 | 0.39 | 0.18 | 2.44 | 5.71 | -3.36 | 1.15 | 2.66 | 1.24 | 0.32 |
| Balance Sheet | ||||||||||||||||||||||
| Cash & Equivalents | 111.8 | 64.7 | 51.1 | 38.2 | 76.3 | 8.9 | 25.8 | 18.2 | 27.3 | 39.9 | 31.7 | 94.1 | ||||||||||
| Total Assets | 2,169.8 | 2,016.2 | 1,735.3 | 1,580.4 | 1,427.5 | 1,357.7 | 1,355.2 | 1,435.4 | 3,357.4 | 2,664.7 | 1,624.2 | 958.0 | ||||||||||
| Total Debt | 4.7 | 60.7 | 73.3 | 80.5 | 98.1 | 95.8 | 93.5 | 91.2 | 7.2 | 22.5 | 0 | 0 | ||||||||||
| Stockholders' Equity | 708.0 | 635.9 | 596.1 | 503.1 | 475.7 | 464.9 | 477.2 | 477.3 | 831.3 | 874.2 | 698.6 | 485.4 | ||||||||||
| Cash Flow | ||||||||||||||||||||||
| Operating Cash Flow | 210.2 | 111.5 | 7.5 | (31.8) | (56.3) | (91.3) | 1.6 | (59.3) | 94.4 | (35.8) | (31.7) | |||||||||||
| Capital Expenditure | 0 | 0 | 0 | (107.3) | (1.2) | 0 | 0 | 0 | 0 | 0 | (0.0) | |||||||||||
| Free Cash Flow | 210.2 | 111.5 | 7.5 | (139.1) | (57.5) | (91.3) | 1.6 | (59.3) | 94.4 | (35.8) | (31.8) | |||||||||||