Top Ships Inc. (TOPS)

Top Ships Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	87.87	86.13	-	80.66	-	-
Cost of Revenue	22.78	35.12	30.98	31.12	28.2	24.13
Gross Profit	65.09	51.01	-30.98	49.54	-28.2	-24.13
Selling, General & Admin	10.06	9.77	8.9	3.71	4.54	7.56
Depreciation & Amortization Expenses	13.53	13.34	14.35	13.29	7.67	13.17
Other Operating Expenses	-	-	-	-0.08	1.16	17.16
Total Operating Expenses	23.6	23.11	23.25	16.92	13.37	37.89
Operating Income	31.86	27.9	28.73	32.62	14.8	-1.8
Interest Income	-0.45	0.63	0.33	0.69	0.75	0.75
Interest Expense	-20.76	-23.5	-22.99	-14.37	-7	-20.96
Other Non-Operating Income (Expense)	-	-	-	-	0.07	-0.81
Total Non-Operating Income (Expense)	-21.21	-22.87	-22.66	-13.67	-6.19	-21.02
Pretax Income	10.66	5.03	6.07	18.95	8.62	-22.82
Net Income	10.66	5.03	-22.37	-9.19	5.4	-28.78
Net Income Attributable to Preferred Dividends	-	-	28.44	28.14	3.22	5.96
Net Income to Common	10.66	5.03	-22.37	-9.19	5.4	-28.78
Shares Outstanding (Basic)	5	5	2	0	0	0
Shares Outstanding (Diluted)	5	5	2	0	0	0
Shares Change (YoY)	69.24%	157.19%	611.49%	52.33%	69.37%	19982.56%
EPS (Basic)	2.30	1.09	-12.44	-36.34	32.51	-293.76
EPS (Diluted)	2.30	1.09	-12.44	-36.34	32.51	-293.76
Shares Outstanding	4.63	4.63	4.63	0.86	0.17	0.17
Free Cash Flow	3.35	-6.68	28.93	-183.3	-99.45	-114.78
Free Cash Flow Per Share	0.72	-1.44	16.08	-725.02	-599.23	-1171.38
Gross Margin	74.08%	59.23%	-	61.42%	-	-
Operating Margin	36.26%	32.40%	-	40.44%	-	-
Profit Margin	12.13%	5.84%	-	23.49%	-	-
FCF Margin	3.82%	-7.75%	-	-227.26%	-	-
EBITDA	31.86	41.24	43.08	45.91	22.49	11.42
EBITDA Margin	36.26%	47.88%	-	56.92%	-	-
EBIT	31.86	27.9	28.73	32.62	14.8	-1.8
EBIT Margin	36.26%	32.40%	-	40.44%	-	-

Updated Oct 7, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q