Greenlight Capital Re, Ltd. (GLRE) Balance Sheet
GLRE balance sheet, 2025
December 31, 2025 · U.S. dollars$2.17B assets = $1.46B liabilities + $708.0M equity
Both columns are drawn to the same scale: what GLRE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GLRE financial health
Descriptive bands, not a rating. Fiscal 2025.
GLRE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.66B2016 | $2.17B2025 | −2.3%/yr | |
| Total liabilities | $1.77B2016 | $1.46B2025 | −2.1%/yr | |
| Shareholders’ equity | $874.2M2016 | $708.0M2025 | −2.3%/yr | |
| Cash & short-term investments | $39.9M2016 | $111.8M2025 | +12.1%/yr | |
| Total debt | $22.5M2016 | $4.7M2025 | −15.9%/yr | |
| Net cash (debt) | $17.4M2016 | $107.0M2025 | +$89.6M | |
| Working capital | −$323.6M2016 | −$17.6M2025 | +$306.0M | |
| Book value per share | $23.412016 | $20.522025 | −1.5%/yr | |
| Debt / equity | 0.032016 | 0.012025 | −0.02 | |
| Shares outstanding | 37.3M2016 | 34.5M2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLRE assets
GLRE liabilities and equity
GLRE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GLRE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $111.8M | $64.7M | $51.1M | $38.2M | $76.3M | $8.9M | $25.8M | $18.2M | $27.3M | $39.9M |
| Cash & equivalents | $111.8M | $64.7M | $51.1M | $38.2M | $76.3M | $8.9M | $25.8M | $18.2M | $27.3M | $39.9M |
| Short-term investments | — | $73.2M | −$604.6M | $178.2M | $183.6M | — | — | $247.0M | $152.1M | $156.1M |
| Receivables | $745.8M | $790.3M | $645.1M | $518.8M | $416.5M | $353.2M | $278.1M | $370.8M | $372.6M | $331.9M |
| Inventory | $0 | $0 | −$696.2M | −$1.05B | −$1.12B | −$1.09B | −$1.02B | $0 | $0 | $0 |
| Other current assets | $571.2M | $613.9M | $1.32B | $1.21B | $1.12B | $1.09B | $1.02B | $0 | $0 | $0 |
| Total current assets | $1.43B | $1.47B | $1.32B | $722.0M | $492.8M | $362.1M | $303.9M | $18.2M | $27.3M | $39.9M |
| Property, plant & equipment (net) | $0 | $900,000 | $1.4M | $1.9M | $2.4M | $100,000 | $300,000 | −$51.4M | −$64.0M | $698,000 |
| Goodwill & intangible assets | $100.0M | $82.2M | $80.0M | $82.4M | $63.0M | $51.0M | $49.7M | $49.9M | $62.4M | $61.0M |
| Long-term investments | $633.1M | $387.1M | $258.9M | $248.5M | $231.0M | $196.2M | $256.4M | $36.9M | $1.21B | $866.5M |
| Other non-current assets | $8.0M | $77.0M | $77.0M | $525.6M | $638.3M | $748.3M | $744.9M | $1.38B | $2.12B | $1.70B |
| Total assets | $2.17B | $2.02B | $1.74B | $1.58B | $1.43B | $1.36B | $1.36B | $1.44B | $3.36B | $2.66B |
| Liabilities | ||||||||||
| Accounts payable | $95.9M | $105.9M | $69.0M | $105.1M | $91.2M | $92.2M | $122.7M | $139.2M | $839.0M | $363.5M |
| Short-term debt | $4.7M | $686,000 | $637,000 | $80.5M | $587,000 | $581,000 | — | — | $25.0M | — |
| Deferred revenue | $361.7M | $324.6M | $306.3M | — | $90.6M | $91.7M | — | — | — | — |
| Total current liabilities | $1.45B | $1.31B | $1.05B | $80.5M | $91.2M | $92.2M | $122.7M | $867.0M | $839.0M | $363.5M |
| Long-term debt | $0 | $60.7M | $73.3M | $102.4M | $101.8M | $100.3M | $93.5M | $91.2M | $45.8M | $8.2M |
| Other long-term liabilities | $15.5M | $6.3M | $11.8M | $894.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1.46B | $1.38B | $1.14B | $1.08B | $951.8M | $892.8M | $878.0M | $956.0M | $2.51B | $1.77B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.4M | $3.5M | $3.5M | $3.5M | $3.4M | $3.5M | $3.7M | $3.6M | $507.1M | $504.1M |
| Retained earnings (deficit) | $225.7M | $150.8M | $108.0M | $21.2M | −$9.5M | −$27.1M | −$30.1M | −$26.1M | $324.3M | $370.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | — | — | — | — | — | — | — | $485,000 | $12.9M | $17.4M |
| Total shareholders' equity | $708.0M | $635.9M | $596.1M | $503.1M | $475.7M | $464.9M | $477.2M | $477.3M | $851.4M | $874.2M |
| Key figures | ||||||||||
| Total debt | $4.7M | $60.7M | $73.3M | $183.0M | $102.4M | $100.8M | $93.5M | $91.2M | $70.8M | $22.5M |
| Net cash (debt) | $107.0M | $3.9M | −$22.2M | −$144.7M | −$26.1M | −$91.9M | −$67.7M | −$73.0M | −$43.5M | $17.4M |
| Working capital | −$17.6M | $155.6M | $263.9M | $641.5M | $401.5M | $269.9M | $181.3M | −$848.8M | −$811.7M | −$323.6M |
| Tangible book value | $608.0M | $553.6M | $516.1M | $420.7M | $412.6M | $413.8M | $427.5M | $427.4M | $789.1M | $813.2M |
| Book value per share | $20.52 | $18.35 | $17.13 | $12.65 | $13.85 | $12.81 | $13.23 | $13.28 | $23.01 | $23.41 |
| Shares outstanding | 34.5M | 34.7M | 34.8M | 39.8M | 34.4M | 36.3M | 36.1M | 36.0M | 37.0M | 37.3M |
| Current ratio | 0.99 | 1.12 | 1.25 | 8.97 | 5.40 | 3.93 | 2.48 | 0.02 | 0.03 | 0.11 |
| Quick ratio | 0.59 | 0.65 | 0.66 | 6.92 | 5.40 | 3.93 | 2.48 | 0.45 | 0.48 | 1.02 |
| Debt / equity | 0.01 | 0.10 | 0.12 | 0.36 | 0.22 | 0.22 | 0.20 | 0.19 | 0.08 | 0.03 |
| Equity / assets | 32.6% | 31.5% | 34.4% | 31.8% | 33.3% | 34.2% | 35.2% | 33.3% | 25.4% | 32.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $603.1M | $75.1M | $111.8M | $68.8M | $82.4M | $47.5M | $64.7M | $54.6M | $52.2M | $61.6M | $51.1M | $41.3M |
| Cash & equivalents | $603.1M | $75.1M | $111.8M | $68.8M | $82.4M | $47.5M | $64.7M | $54.6M | $52.2M | $61.6M | $51.1M | $41.3M |
| Short-term investments | — | — | — | — | — | — | $73.2M | $73.6M | −$561.9M | −$581.2M | −$604.6M | $67.6M |
| Receivables | $640.9M | $758.7M | $745.8M | $814.5M | $849.3M | $856.7M | $790.3M | $784.7M | $745.4M | $738.5M | $645.1M | $668.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.34B | −$739.0M | −$1.34B | −$696.2M | −$709.9M |
| Other current assets | $0 | $593.7M | $571.2M | $622.6M | $0 | $634.2M | $613.9M | $1.94B | $1.24B | $1.87B | $1.28B | $1.30B |
| Total current assets | $603.1M | $1.43B | $1.43B | $1.51B | $659.1M | $1.54B | $1.47B | $1.44B | $1.30B | $1.34B | $1.28B | $1.30B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $0 |
| Goodwill & intangible assets | $96.7M | $100.7M | $100.0M | $98.5M | $98.8M | $96.8M | $82.2M | $82.2M | $83.3M | $84.9M | $80.0M | $85.1M |
| Long-term investments | $731.2M | $732.6M | $633.1M | $520.0M | $537.3M | $435.3M | $387.1M | $397.9M | $351.5M | $307.1M | $258.9M | $229.0M |
| Other non-current assets | $807.6M | $8.5M | $8.0M | $9.7M | $892.8M | $81.7M | $77.9M | $79.9M | $164.3M | $148.4M | $119.9M | $121.2M |
| Total assets | $2.24B | $2.27B | $2.17B | $2.13B | $2.19B | $2.15B | $2.02B | $2.00B | $1.90B | $1.88B | $1.74B | $1.74B |
| Liabilities | ||||||||||||
| Accounts payable | $98.4M | $109.4M | $95.9M | $98.0M | $106.1M | $93.7M | $105.9M | $88.2M | $76.3M | $71.6M | $69.0M | $69.9M |
| Short-term debt | $8.8M | $4.7M | $4.7M | $35.0M | — | — | — | — | — | — | $637,000 | — |
| Deferred revenue | $406.5M | $414.3M | $361.7M | $379.3M | — | $384.3M | $324.6M | $347.1M | — | — | — | — |
| Total current liabilities | $546.8M | $1.52B | $1.45B | $1.47B | — | $1.42B | $1.31B | $1.27B | $770.4M | $757.5M | $704.9M | $69.9M |
| Long-term debt | $0 | $0 | $0 | $34.7M | $58.9M | $59.8M | $60.7M | $62.6M | $61.6M | $72.5M | $73.3M | $74.9M |
| Other long-term liabilities | $10.3M | $10.9M | $15.5M | $0 | $1.47B | $9.0M | $6.3M | $8.5M | $1.12B | $1.11B | $318.1M | $0 |
| Total liabilities | $1.54B | $1.53B | $1.46B | $1.48B | $1.52B | $1.49B | $1.38B | $1.34B | $1.27B | $1.25B | $1.14B | $1.16B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.3M | $3.4M | $3.4M | $3.4M | $3.4M | $3.5M | $3.5M | $3.5M | $3.5M | $3.5M | $3.5M | $3.5M |
| Retained earnings (deficit) | $231.8M | $261.4M | $225.7M | $176.4M | $180.8M | $180.5M | $150.8M | $178.3M | $143.0M | $135.0M | $108.0M | $90.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | — |
| Total shareholders' equity | $697.7M | $741.2M | $708.0M | $658.9M | $663.3M | $666.8M | $635.9M | $663.4M | $634.0M | $624.5M | $596.1M | $575.9M |
| Key figures | ||||||||||||
| Total debt | $8.8M | $4.7M | $4.7M | $34.7M | $58.9M | $59.8M | $60.7M | $62.6M | $61.6M | $72.5M | $73.3M | $74.9M |
| Net cash (debt) | $594.4M | $70.3M | $107.0M | $34.0M | $23.5M | −$12.4M | $3.9M | −$7.9M | −$9.4M | −$10.9M | −$22.2M | −$33.6M |
| Working capital | $56.3M | −$89.7M | −$17.6M | $40.1M | — | $121.9M | $155.6M | $174.5M | $530.5M | $579.0M | $570.3M | $1.23B |
| Tangible book value | $601.0M | $640.5M | $608.0M | $560.4M | $564.5M | $570.0M | $553.6M | $581.2M | $550.7M | $539.6M | $516.1M | $490.8M |
| Book value per share | $21.07 | $21.69 | $20.52 | $19.52 | $19.27 | $19.37 | $18.79 | $19.06 | $18.27 | $18.02 | $16.87 | $16.55 |
| Shares outstanding | 33.1M | 34.2M | 34.5M | 33.8M | 34.4M | 34.4M | 33.8M | 34.8M | 34.7M | 34.7M | 35.3M | 34.8M |
| Current ratio | 1.10 | 0.94 | 0.99 | 1.03 | — | 1.09 | 1.12 | 1.14 | 1.69 | 1.76 | 1.81 | 18.66 |
| Quick ratio | 2.28 | 0.55 | 0.59 | 0.60 | — | 0.64 | 0.65 | 0.66 | 1.04 | 1.06 | 0.99 | 10.16 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.05 | 0.09 | 0.09 | 0.10 | 0.09 | 0.10 | 0.12 | 0.12 | 0.13 |
| Equity / assets | 31.2% | 32.7% | 32.6% | 30.9% | 30.3% | 31.0% | 31.5% | 33.1% | 33.4% | 33.3% | 34.4% | 33.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
GLRE financial position
At the end of fiscal 2025 (December 31, 2025), Greenlight Capital Re had total assets of $2.2 billion (up 7.6% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $708.0 million. It held $111.8 million in cash and short-term investments against $4.7 million of debt, a net cash position of $107.0 million. Its current ratio was 0.99. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $697.7 million.
Related: GLRE income statement, GLRE cash flow statement, GLRE key metrics. See the GLRE stock overview for the latest quote and news.
GLRE balance sheet FAQ
What are Greenlight Capital Re's total assets?
Greenlight Capital Re reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.
How much debt does Greenlight Capital Re have?
Greenlight Capital Re had $4.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.01.
How much cash does Greenlight Capital Re have?
Greenlight Capital Re held $111.8 million in cash and short-term investments at the end of fiscal 2025; with $4.7 million of debt that is net cash of $107.0 million.
What is Greenlight Capital Re's book value?
Greenlight Capital Re's shareholders' equity (book value) was $708.0 million at the end of fiscal 2025, or $20.52 per share.
What is Greenlight Capital Re's current ratio?
Greenlight Capital Re had current assets of $1.4 billion and current liabilities of $1.4 billion, a current ratio of 0.99 (current liabilities exceed current assets).
How much goodwill does Greenlight Capital Re have?
Greenlight Capital Re carried $100.0 million of goodwill and intangible assets, 4.6% of total assets, at the end of fiscal 2025.