Top Ships Income Statement

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
Revenue	80.42	86.13	-	80.66	-
Revenue Growth (YoY)	-6.63%	-	-	-	-
Cost of Revenue	31.2	35.12	30.98	31.12	28.2
Gross Profit	49.22	51.01	-30.98	49.54	-28.2
Selling, General & Admin	10.67	9.77	8.9	3.71	4.54
Depreciation & Amortization Expenses	12.27	13.34	14.35	13.29	7.67
Other Operating Expenses	-	-	-	-0.08	1.16
Total Operating Expenses	22.94	23.11	23.25	16.92	13.37
Operating Income	26.28	27.9	28.73	32.62	14.8
Interest Income	0.21	0.63	0.33	0.69	0.75
Interest Expense	-23.41	-23.5	-22.99	-14.37	-7
Other Non-Operating Income (Expense)	-	-	-	-	0.07
Total Non-Operating Income (Expense)	-23.19	-22.87	-22.66	-13.67	-6.19
Pretax Income	3.09	5.03	6.07	18.95	8.62
Net Income	3.09	5.03	6.07	18.95	8.62
Net Income to Common	3.09	5.03	6.07	18.95	8.62
Net Income Growth	-38.70%	-17.01%	-67.99%	119.92%	-
Shares Outstanding (Basic)	5	5	2	0	0
Shares Outstanding (Diluted)	5	5	2	0	0
Shares Change (YoY)	-	157.19%	611.49%	52.33%	69.37%
EPS (Basic)	0.67	1.09	-12.44	-36.34	32.51
EPS (Diluted)	0.67	1.09	-12.44	-36.34	32.51
EPS Growth	-38.53%	-	-	-	-
Shares Outstanding	4.63	4.63	1.8	0.86	0.17
Free Cash Flow	5.62	-6.68	28.93	-183.3	-99.45
Free Cash Flow Per Share	1.22	-1.44	16.09	-725.02	-599.23
Gross Margin	61.20%	59.23%	-	61.42%	-
Operating Margin	32.68%	32.40%	-	40.44%	-
Profit Margin	3.84%	5.84%	-	23.49%	-
FCF Margin	6.99%	-7.75%	-	-227.25%	-
EBITDA	38.55	41.24	43.08	45.91	22.49
EBITDA Margin	47.94%	47.88%	-	56.92%	-
EBIT	26.28	27.9	28.73	32.62	14.8
EBIT Margin	32.68%	32.40%	-	40.44%	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q