Pangaea Logistics Solutions Ltd. (PANL)

NASDAQ: PANL · Real-Time Price · USD

7.57

+0.20 (2.71%)

At close: Nov 6, 2026, 4:00 PM EST

7.49

-0.08 (-1.06%)

After-hours: Nov 6, 2026, 7:30 PM EST

PANL Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	144.92	103.05	86.81	99.04	128.38	56.21
Cash & Short-Term Investments	144.92	103.05	86.81	99.04	128.38	56.21
Cash Growth	54.14%	18.72%	-12.35%	-22.86%	128.41%	19.86%
Accounts Receivable	64.28	55.85	42.37	47.89	36.76	54.26
Other Receivables	-	11.19	7.35	5.78	7.72	17.01
Receivables	64.28	67.04	49.72	53.67	44.48	71.27
Inventory	58.69	28.39	32.85	16.56	29.1	27.15
Prepaid Expenses	-	7.92	9.52	7.07	4.78	5.96
Other Current Assets	42.54	9.38	13.1	15.49	15.77	23.38
Total Current Assets	310.43	215.78	191.99	191.83	222.51	183.96
Property, Plant & Equipment	677.83	704.38	736.6	504.66	520.45	517.11
Long-Term Investments	-	3.99	3.75	3.81	5.28	3.96
Goodwill	3.11	3.11	3.11	3.1	-	-
Other Intangible Assets	-	0.58	1.01	1.78	-	-
Other Long-Term Assets	4.64	0.27	-0	-	-	1.99
Total Assets	996	928.1	936.46	705.18	748.24	707.02

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	89.21	14.33	16	34.35	9.98	7.03
Accrued Expenses	-	39.55	30.58	-	28.57	39.58
Short-Term Debt	-	-	-	-	-	2.79
Current Portion of Long-Term Debt	73.53	44.81	41.84	49.73	15.78	15.44
Current Portion of Leases	1	2.08	2.84	2.99	16.37	14.48
Current Unearned Revenue	38.13	24.89	15.45	15.63	20.88	32.21
Other Current Liabilities	2.04	2.39	2.39	2.64	0.63	0.21
Total Current Liabilities	203.92	128.03	109.11	105.33	92.21	111.74
Long-Term Debt	256.08	316.93	342.25	198.48	98.82	105.84
Long-Term Leases	7.67	8.4	10.43	13.23	168.51	170.96
Other Long-Term Liabilities	-	-	-0	17.94	19.97	17.81
Total Liabilities	467.66	453.36	461.79	334.98	379.52	406.34

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	0.01	0.01	0.01	0	0	0
Additional Paid-In Capital	260.05	257.07	258.66	164.85	162.89	161.53
Retained Earnings	220.93	172.26	169.16	159.03	151.33	85.66
Comprehensive Income & Other	-	-0	0	-	-	-
Total Common Equity	480.99	429.33	427.82	323.89	314.23	247.2
Minority Interest	47.35	45.4	46.84	46.31	54.5	53.48
Shareholders' Equity	528.33	474.74	474.67	370.2	368.72	300.68
Total Liabilities & Equity	996	928.1	936.46	705.18	748.24	707.02

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	338.27	372.21	397.37	264.44	299.48	309.51
Net Cash (Debt)	-193.35	-269.15	-310.57	-165.4	-171.1	-253.3
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.97	-4.16	-6.74	-3.64	-3.80	-5.65
Filing Date Shares Outstanding	65.47	65.32	65.63	46.72	46.48	45.73
Total Common Shares Outstanding	65.47	64.97	64.96	46.47	45.9	45.62
Working Capital	106.5	87.74	82.89	86.49	130.3	72.22
Book Value Per Share	7.35	6.61	6.59	6.97	6.85	5.42
Tangible Book Value	477.88	425.65	423.71	319	314.23	247.2
Tangible Book Value Per Share	7.30	6.55	6.52	6.87	6.85	5.42
Land	-	3.24	3	2.57	2.54	2.54
Machinery	-	854.27	856.78	598.71	582.83	569.63

SEC Filings: 10-K · 10-Q