C3is Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	33.61	42.3	28.74	7.89
Revenue Growth (YoY)	-27.96%	47.17%	264.29%	-
Cost of Revenue	14.01	15.07	8.05	1.42
Gross Profit	19.6	27.23	20.69	6.47
Selling, General & Admin	3.08	3.56	1.6	0.48
Other Operating Expenses	10.13	7.42	4.56	3.32
Operating Expenses	19.71	17.16	10.26	5.14
Operating Income	-0.12	10.06	10.43	1.32
Interest Expense	-0.7	-2.47	-1.37	-0
Interest & Investment Income	0.36	0.95	0.04	-
Currency Exchange Gain (Loss)	-0.06	-0.16	0.2	-0
Other Non Operating Income (Expenses)	5.93	-11.13	-	-
Pretax Income	5.41	-2.75	9.29	1.32
Net Income	5.41	-2.75	9.29	1.32
Preferred Dividends & Other Adjustments	5.34	5.34	0.76	-
Net Income to Common	0.07	-8.09	8.53	1.32
Net Income Growth	101.99%	-	601.91%	-
Shares Outstanding (Basic)	1	0	-	-
Shares Outstanding (Diluted)	4	0	-	-
EPS (Basic)	0.10	-25.73	-	-
EPS (Diluted)	-0.79	-25.73	-	-
Free Cash Flow	10.03	23.35	1.34	-92.02
Free Cash Flow Per Share	2.52	74.29	-	-
Gross Margin	58.31%	64.37%	71.99%	81.95%
Operating Margin	-0.34%	23.79%	36.29%	16.79%
Profit Margin	0.20%	-19.12%	29.67%	16.78%
Free Cash Flow Margin	29.85%	55.21%	4.66%	-1166.46%
EBITDA	6.39	16.24	14.53	2.66
EBITDA Margin	19.00%	38.40%	50.57%	33.77%
D&A For EBITDA	6.5	6.18	4.1	1.34
EBIT	-0.12	10.06	10.43	1.32
EBIT Margin	-0.34%	23.79%	36.29%	16.79%
Revenue as Reported	33.61	42.3	28.74	7.89

Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q