SHIP Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	48.24	21.87	19.38	26.03	41.5
Short-Term Investments	-	-	-	-	1.5
Cash & Short-Term Investments	48.24	21.87	19.38	26.03	43
Cash Growth	120.64%	12.84%	-25.55%	-39.47%	90.16%
Accounts Receivable	0.87	0.4	0.9	0.72	-
Other Receivables	9.1	7.27	0.31	0.83	-
Total Trade Receivables	9.97	7.68	1.2	1.55	-
Inventory	1.63	1.69	1.56	2	1.45
Other Current Assets	15.04	14.66	2.94	32.07	2.73
Total Current Assets	74.89	45.9	25.09	61.64	47.18
Net Property, Plant & Equipment	507.03	488.74	440.87	435.04	427.12
Other Intangible Assets	0.07	0.06	-	-	-
Long-Term Investments	0.83	-	-	-	-
Other Long-Term Assets	23.76	11.15	11.93	16.91	12.92
Total Assets	606.58	545.85	477.88	513.6	487.21
Accounts Payable	13.12	7.11	5.49	7.83	5.76
Accrued Expenses	12.22	9.63	7.74	8.37	5.17
Current Portion of Long-Term Debt	54.94	37.4	31.78	58.87	69.24
Current Portion of Leases	0.1	0.09	21.88	0.11	0.12
Unearned Revenue	4.93	2.09	2.14	2.23	7.74
Other Current Liabilities	2.75	5.3	0.49	17.24	-
Total Current Liabilities	88.06	61.62	69.52	94.65	88.03
Long-Term Debt	235.22	220.19	179.01	196.83	153.51
Long-Term Leases	0.12	0.19	0.3	0.39	0.53
Other Long-Term Liabilities	1.8	1.68	0.61	0.04	0.67
Total Long-Term Liabilities	237.13	222.05	179.92	197.25	154.7
Total Liabilities	325.2	283.67	249.43	291.9	242.74
Common Stock	0	0	0	0	0
Additional Paid-in Capital	600.85	595.95	590.13	583.69	597.72
Retained Earnings	-319.46	-333.77	-361.69	-361.99	-353.25
Shareholders' Equity	281.38	262.18	228.45	221.7	244.48
Total Liabilities & Equity	606.58	545.85	477.88	513.6	487.21
Total Debt	290.37	257.87	232.97	256.2	223.4
Net Cash (Debt)	-242.13	-236	-213.6	-230.17	-180.4
Net Cash Per Share	-11.79	-11.87	-11.58	-13.02	-9.43
Book Value	281.38	262.18	228.45	221.7	244.48
Book Value Per Share	13.70	13.19	12.39	12.54	12.78
Tangible Book Value	281.32	262.12	228.45	221.7	244.48
Tangible Book Value Per Share	13.70	13.19	12.39	12.54	12.78

Updated Feb 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q