C3is Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	42.3	28.74	7.89
Revenue Growth (YoY)	47.17%	264.29%	-
Cost of Revenue	14.12	8.05	1.42
Gross Profit	28.18	20.69	6.47
Selling, General & Admin	3.56	1.6	0.48
Other Operating Expenses	8.37	4.56	3.32
Operating Expenses	18.11	10.26	5.14
Operating Income	10.06	10.43	1.32
Interest Expense	-2.47	-1.36	-0.33
Interest & Investment Income	0.95	0.04	-
Currency Exchange Gain (Loss)	-0.16	0.2	-0
Other Non Operating Income (Expenses)	-11.13	-0	0.32
Pretax Income	-2.75	9.29	1.32
Net Income	-2.75	9.29	1.32
Preferred Dividends & Other Adjustments	5.34	0.76	-
Net Income to Common	-8.09	8.53	1.32
Net Income Growth	-	601.91%	-
Shares Outstanding (Basic)	2	0	0
Shares Outstanding (Diluted)	2	0	0
Shares Change (YoY)	3126.97%	95.65%	-
EPS (Basic)	-4.29	393.20	-
EPS (Diluted)	-4.29	157.70	-
Free Cash Flow	23.35	1.34	-92.02
Free Cash Flow Per Share	12.38	22.91	-3080.45
Gross Margin	66.62%	71.99%	81.95%
Operating Margin	23.79%	36.29%	16.79%
Profit Margin	-19.12%	29.67%	16.78%
Free Cash Flow Margin	55.21%	4.66%	-1166.46%
EBITDA	16.24	14.53	2.66
EBITDA Margin	38.40%	50.57%	33.77%
D&A For EBITDA	6.18	4.1	1.34
EBIT	10.06	10.43	1.32
EBIT Margin	23.79%	36.29%	16.79%
Revenue as Reported	42.3	28.74	7.89

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q