Top Ships 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	Jun '25 Jun 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	87.87	86.13	82.95	80.66	56.37	60.22
Revenue Growth (YoY)	4.77%	3.83%	2.84%	43.09%	-6.40%	-8.88%
Cost of Revenue	12.72	12.88	12.45	12.49	12.16	2.75
Gross Profit	75.15	73.25	70.5	68.17	44.21	57.47
Selling, General & Admin	10.06	9.77	8.9	3.71	4.54	7.56
Depreciation & Amortization Expenses	6.87	13.34	14.35	13.29	7.67	13.17
Other Operating Expenses	10.06	22.24	18.53	18.55	17.2	38.54
Total Operating Expenses	26.99	45.35	41.77	35.55	29.41	59.27
Operating Income	31.86	27.9	28.73	32.62	14.8	-1.8
Interest Income	0.15	0.47	0.35	0.05	-	0.03
Interest Expense	-20.76	-23.5	-22.99	-14.37	-7	-20.96
Other Non-Operating Income (Expense)	-0.59	0.16	-0.02	0.65	0.81	-0.1
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%	19983.24%
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
Free Cash Flow	26.35	17.32	28.93	-183.3	-99.45	-114.82
Free Cash Flow Growth	52.14%	-40.13%	-	-	-	-
Free Cash Flow Per Share	5.70	3.74	16.08	-725.02	-599.23	-1171.74
Gross Margin	85.52%	85.05%	84.99%	84.52%	78.43%	95.44%
Operating Margin	36.26%	32.40%	34.63%	40.44%	26.26%	-2.98%
Profit Margin	8.61%	5.84%	7.31%	23.49%	15.29%	-37.89%
FCF Margin	29.99%	20.11%	34.88%	-227.26%	-176.44%	-190.66%
EBITDA	31.86	41.24	43.08	45.91	22.49	11.42
EBITDA Margin	36.26%	47.88%	51.93%	56.92%	39.89%	18.95%
EBIT	31.86	27.9	28.73	32.62	14.8	-1.8
EBIT Margin	36.26%	32.40%	34.63%	40.44%	26.26%	-2.98%

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

SEC Filings: 10-K · 10-Q