SHIP 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	150.35	167.46	110.23	125.02	153.11	63.35
Revenue Growth (YoY)	-8.99%	51.91%	-11.83%	-18.34%	141.70%	-26.77%
Cost of Revenue	63.13	54.48	49.27	52.72	55.59	43.23
Gross Profit	87.22	112.98	60.97	72.3	97.51	20.11
Selling, General & Admin	23.14	24.73	22.85	18.78	15.17	7.66
Operating Expenses	53.86	50.22	47.53	42.2	32.33	20.38
Operating Income	33.36	62.75	13.44	30.1	65.19	-0.27
Interest Expense	-21.84	-20.46	-20.5	-15.16	-17.38	-21.45
Interest & Investment Income	1.83	2.1	2.44	1.36	0.16	0.21
Currency Exchange Gain (Loss)	0.06	0.06	-0.28	-0.01	-0.08	-0.02
Other Non Operating Income (Expenses)	-0.2	-0.32	-0.38	-0.59	-0.38	-0.96
EBT Excluding Unusual Items	13.21	44.13	-5.27	15.7	47.51	-22.49
Gain (Loss) on Sale of Assets	2.31	-	8.09	-	0.7	-
Other Unusual Items	-0.1	-0.65	-0.54	1.51	-6.86	4.13
Pretax Income	15.42	43.47	2.28	17.21	41.35	-18.36
Income Tax Expense	-	-	-	-0.03	-	-
Net Income	15.42	43.47	2.28	17.24	41.35	-18.36
Preferred Dividends & Other Adjustments	0.18	1.53	0.07	0.33	-	-
Net Income to Common	15.25	41.94	2.21	16.91	41.35	-18.36
Net Income Growth	-67.64%	1805.00%	-86.76%	-58.31%	-	-
Shares Outstanding (Basic)	20	20	18	17	15	3
Shares Outstanding (Diluted)	20	20	18	18	19	3
Shares Change (YoY)	4.27%	7.79%	4.29%	-7.58%	472.25%	3389.12%
EPS (Basic)	0.75	2.12	0.12	0.97	2.70	-5.49
EPS (Diluted)	0.75	2.11	0.12	0.96	2.50	-5.49
EPS Growth	-68.32%	1658.44%	-87.49%	-61.63%	-	-
Free Cash Flow	-	0.93	30.83	-33.17	-116.56	-30
Free Cash Flow Per Share	-	0.05	1.67	-1.88	-6.09	-8.97
Dividend Per Share	0.330	0.635	0.100	0.775	0.250	-
Dividend Growth	-41.07%	535.00%	-87.10%	210.00%	-	-
Gross Margin	58.01%	67.46%	55.31%	57.83%	63.69%	31.75%
Operating Margin	22.19%	37.47%	12.20%	24.08%	42.58%	-0.42%
Profit Margin	10.14%	25.05%	2.01%	13.52%	27.01%	-28.98%
Free Cash Flow Margin	-	0.55%	27.97%	-26.53%	-76.13%	-47.36%
EBITDA	59.46	88.24	38.12	53.52	82.34	12.45
EBITDA Margin	39.55%	52.70%	34.58%	42.81%	53.78%	19.66%
D&A For EBITDA	26.11	25.49	24.68	23.42	17.15	12.72
EBIT	33.36	62.75	13.44	30.1	65.19	-0.27
EBIT Margin	22.19%	37.47%	12.20%	24.08%	42.58%	-0.42%
Revenue as Reported	150.35	167.46	110.23	125.02	153.11	63.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q