Top Ships Inc. (TOPS)

NYSEAMERICAN: TOPS · Real-Time Price · USD

0.7837

-0.0064 (-0.81%)

Aug 26, 2026, 11:59 AM EDT - Market open

Top Ships Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	80.42	86.13	82.95	80.66	56.37
Revenue Growth	-8.49%	-6.63%	3.83%	2.84%	43.09%	-6.40%
Gross Profit	49.54	49.54	51.3	52.26	49.78	28.48
Operating Income	26.28	26.28	27.9	28.73	32.54	15.96
Net Income	3.09	3.09	5.03	-22.37	-9.19	5.4
Earnings Per Share	0.67	0.67	1.09	-12.44	-36.34	32.51
EPS Growth	-71.05%	-38.70%	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025
Megayacht	4.35	4.35
Tanker	76.06	76.06
Total	80.42	80.42

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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 & Investments	20.37	20.37	7.63	35.96	20.54	2.37
Total Debt	216.61	216.61	265.62	255.84	257.66	131.13
Net Cash (Debt)	-196.24	-196.24	-257.99	-219.88	-237.12	-128.76
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-42.42	-42.42	-55.77	-122.24	-937.91	-775.83

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Operating Cash Flow	26.43	26.43	17.32	28.93	33.42	16.06
Capital Expenditures	-20.81	-20.81	-24	-	-216.71	-115.51
Free Cash Flow	5.62	5.62	-6.68	28.93	-183.3	-99.45
Free Cash Flow Growth	67.64%	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Gross Margin	61.61%	61.61%	59.57%	63.00%	61.72%	50.53%
Operating Margin	32.68%	32.68%	32.40%	34.63%	40.34%	28.32%
Pretax Margin	3.84%	3.84%	5.84%	7.31%	23.49%	15.29%
Profit Margin	3.84%	3.84%	5.85%	-26.97%	-11.39%	9.57%
FCF Margin	6.99%	6.99%	-7.75%	34.88%	-227.25%	-176.44%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 26, 2026	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
PE Ratio	1.18	6.76	5.54	-	-	6.16
Forward PE	-	5.31	5.31	6.01	1.37	1.58
P/FCF Ratio	0.77	3.71	-	2.50	-	-
PS Ratio	0.05	0.26	0.32	0.87	0.16	0.59