Golar LNG Limited (GLNG) Income Statement
GLNG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLNG revenue and net income
Where GLNG's revenue goes
2025Each bar shows an amount and its share of revenue. GLNG kept 16.7% of revenue as net income.
GLNG profit margins
GLNG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +51.1% | +13.7% | −2.1% | +14.4% |
| Gross profit | +116.2% | +9.4% | −2.5% | — |
| Operating income | +198.5% | +12.7% | −3.9% | — |
| Net income | +29.2% | −54.0% | — | — |
| EPS (diluted) | −41.6% | −13.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLNG quarterly EPS vs estimates
Golar LNG beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.01).
GLNG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $393.5M | $260.4M | $298.4M | $267.7M | $260.3M | $438.6M | $448.8M | $430.6M | $143.5M | $80.3M |
| Cost of revenue | $209.1M | $175.1M | $143.6M | $127.0M | $120.4M | $229.5M | $273.2M | $296.4M | $193.8M | $173.7M |
| Gross profit | $184.4M | $85.3M | $154.8M | $140.8M | $139.9M | $209.2M | $175.6M | $134.2M | −$50.2M | −$93.4M |
| Research & development | $19.2M | $12.3M | $39.1M | $8.0M | $2.5M | $8.9M | $5.0M | $21.7M | — | — |
| Sales, general & admin | $29.6M | $27.5M | $33.5M | $38.1M | $37.8M | $44.2M | $57.2M | $73.2M | $50.3M | $46.0M |
| Total operating expenses | $48.8M | $39.8M | $72.6M | $46.1M | $37.8M | $44.2M | $57.2M | $73.2M | $50.3M | $46.0M |
| Operating income | $135.5M | $45.4M | $82.2M | $94.7M | $102.0M | $165.0M | $118.4M | $61.0M | −$100.6M | −$139.4M |
| Interest income | $34.6M | $44.8M | $56.4M | $14.9M | $139,000 | $1.6M | $11.7M | $11.0M | $7.4M | $3.0M |
| Interest expense | $32.9M | $5.2M | $2.0M | $29.4M | $38.6M | $75.6M | $91.2M | $101.9M | $59.3M | $50.4M |
| Income before taxes | $116.9M | $80.8M | −$1.3M | $1.02B | −$63.3M | $9.0M | −$121.4M | −$166.9M | −$143.8M | −$161.4M |
| Income taxes | $4.3M | −$18,000 | $1.9M | −$438,000 | $1.4M | $981,000 | $1.0M | $1.3M | $1.5M | −$589,000 |
| Net income | $65.7M | $50.8M | −$46.8M | $674.6M | −$161.1M | −$273.6M | −$212.0M | −$231.4M | −$179.7M | −$186.5M |
| EBITDA | $199.1M | $147.0M | $53.2M | $1.08B | $29.5M | $141.1M | $140.6M | $185.1M | $22.0M | −$54.1M |
| EPS (diluted) | $1.01 | $1.73 | $2.99 | $1.56 | −$3.45 | −$0.41 | −$0.94 | −$0.34 | −$1.99 | −$1.80 |
| Gross margin | 46.9% | 32.7% | 51.9% | 52.6% | 53.7% | 47.7% | 39.1% | 31.2% | −35.0% | −116.4% |
| Operating margin | 34.4% | 17.4% | 27.5% | 35.4% | 39.2% | 37.6% | 26.4% | 14.2% | −70.1% | −173.7% |
| Net margin | 16.7% | 19.5% | −15.7% | 252.0% | −61.9% | −62.4% | −47.2% | −53.7% | −125.2% | −232.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130.5M | $137.6M | $132.8M | $122.5M | $75.7M | $62.5M | $65.9M | $64.8M | $64.7M | $65.0M | $79.7M | $67.3M |
| Cost of revenue | $56.4M | $55.0M | $64.3M | $59.3M | $44.5M | $41.1M | $42.0M | $46.2M | $46.8M | $40.1M | $37.1M | $37.8M |
| Gross profit | $74.1M | $82.5M | $68.5M | $63.3M | $31.2M | $21.4M | $23.9M | $18.6M | $17.9M | $24.9M | $42.6M | $29.5M |
| Research & development | $1.8M | $2.7M | $3.0M | $7.1M | $5.8M | $3.3M | $4.9M | $3.1M | $3.5M | $812,000 | $677,000 | $1.5M |
| Sales, general & admin | $9.3M | $12.7M | $5.3M | — | $6.5M | $9.6M | $7.5M | $7.1M | $5.9M | $7.1M | $46.1M | $8.4M |
| Total operating expenses | $11.1M | $13.2M | $8.3M | $15.4M | $12.2M | $12.9M | $12.4M | $10.2M | $9.4M | $7.9M | $7.7M | $9.9M |
| Operating income | $62.9M | $69.3M | $60.2M | $47.9M | $19.0M | $8.5M | $11.6M | $8.4M | $8.5M | $17.0M | $34.9M | $19.6M |
| Interest income | $9.5M | $10.3M | $10.9M | $11.8M | $6.4M | $8.7M | $10.8M | $10.1M | $13.9M | $10.0M | $14.1M | $14.3M |
| Interest expense | $22.2M | $24.4M | $23.6M | $9.3M | $24.4M | $813,000 | $396,000 | $678,000 | $0 | $0 | $286,000 | $135,000 |
| Income before taxes | $57.6M | $102.7M | $25.0M | $47.5M | $31.2M | $13.1M | $14.5M | −$35.8M | $35.4M | $66.6M | −$30.7M | $113.7M |
| Income taxes | $1.7M | $923,000 | $1.9M | $1.8M | $439,000 | $179,000 | −$504,000 | $208,000 | $140,000 | −$138,000 | $332,000 | −$159,000 |
| Net income | $38.3M | $83.6M | $10.4M | $31.5M | $15.6M | $8.2M | $3.3M | −$34.8M | $25.9M | $55.2M | −$32.8M | $92.5M |
| EBITDA | $77.2M | $144.6M | $60.9M | $69.0M | $43.3M | $16.4M | $33.5M | −$21.2M | $51.3M | $79.3M | −$16.7M | $127.3M |
| EPS (diluted) | $0.68 | $0.43 | $0.14 | $0.43 | $0.36 | $0.08 | $0.38 | $0.51 | $0.39 | $0.45 | $0.93 | $0.48 |
| Gross margin | 56.8% | 60.0% | 51.6% | 51.6% | 41.2% | 34.2% | 36.3% | 28.7% | 27.7% | 38.3% | 53.4% | 43.9% |
| Operating margin | 48.2% | 50.4% | 45.3% | 39.1% | 25.1% | 13.6% | 17.5% | 12.9% | 13.2% | 26.1% | 43.8% | 29.1% |
| Net margin | 29.3% | 60.8% | 7.8% | 25.7% | 20.7% | 13.1% | 5.1% | −53.7% | 40.0% | 85.0% | −41.2% | 137.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLNG's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLNG financial results
In fiscal year 2025 (ended December 31, 2025), Golar LNG reported revenue of $393.5 million, up 51.1% from the year before. It had net income of $65.7 million (up 29.2%), a net profit margin of 16.7%. Diluted earnings per share came to $1.01. Over five years revenue grew at an average rate of −2.1% a year.
See the GLNG stock overview for the latest quote and news, or the GLNG chart for price history and technical indicators.
GLNG income statement FAQ
What is Golar LNG's annual revenue?
Golar LNG reported total revenue of $393.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 51.1% from $260.4 million the previous year.
Is Golar LNG profitable?
Yes. Golar LNG reported net income of $65.7 million in fiscal 2025, a net profit margin of 16.7%; its operating margin was 34.4%.
What is Golar LNG's gross margin?
Golar LNG's gross margin was 46.9% in fiscal 2025: for every $100 of revenue, Golar LNG kept $47 after the direct cost of its products and services.
How much does Golar LNG spend on research and development?
Golar LNG spent $19.2 million on research and development in fiscal 2025, 4.9% of revenue.
How fast is Golar LNG growing?
Revenue grew −2.1% a year on average over the last five fiscal years, from $438.6 million to $393.5 million.
What are Golar LNG's earnings per share?
Golar LNG earned $1.01 per diluted share in fiscal 2025, compared with $1.73 a year earlier.
When will Golar LNG report its next earnings?
Golar LNG is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Golar LNG's fiscal year end?
Golar LNG's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.