v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 184,841 $ 203,516
Restricted cash 10,148 7,936
Marketable equity securities 9,319 409
Trade accounts receivable, net of allowance for credit losses of $8,972 and $7,876 at June 30, 2026 and December 31, 2025, respectively 55,953 70,062
Inventory 15,251 12,370
Prepaid expenses 15,333 10,567
Other current assets 12,941 17,154
Current assets of discontinued operations 1,293 1,419
Total current assets 305,079 323,433
Property and equipment, net 29,474 28,303
Goodwill 13,898 12,978
Other intangibles, net 1,655 1,804
Deferred income tax assets, net 2,309 2,309
Other assets 17,304 20,553
Total assets 369,719 389,380
Liabilities and equity    
Trade accounts payable 30,141 41,094
Accrued expenses 49,606 50,782
Income taxes payable 12,820 28,851
Current debt, net 370 2,139
Due to IDT Corporation, net 99 112
Other current liabilities 9,500 10,052
Current liabilities of discontinued operations 2,981 2,996
Total current liabilities 105,517 136,026
Noncurrent debt, net 6,477 6,529
Other liabilities 2,490 2,379
Total liabilities 114,484 144,934
Commitments and contingencies (Note 19)
Equity:    
Additional paid-in capital 159,163 157,763
Treasury stock, at cost, consisting of 4,577 and 4,492 shares of Class B common stock at June 30, 2026 and December 31, 2025 (49,451) (48,274)
Accumulated other comprehensive income 5,259 4,921
Retained earnings 146,357 136,183
Total Genie Energy Ltd. stockholders’ equity 261,637 250,902
Noncontrolling interests (6,402) (6,034)
Receivable from issuance of equity 0 (422)
Total noncontrolling interests (6,402) (6,456)
Total equity 255,235 244,446
Total liabilities and equity 369,719 389,380
Series 2012-A Preferred Stock [Member]    
Equity:    
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 0 shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common Class A [Member]    
Equity:    
Common stock 16 16
Common Class B [Member]    
Equity:    
Common stock $ 293 $ 293