Top Ships Balance Sheet

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
Cash & Equivalents	5.97	7.63	35.96	20.54	2.37	19.33
Cash & Short-Term Investments	5.97	7.63	35.96	20.54	2.37	19.33
Cash Growth	-64.46%	-78.78%	75.02%	766.84%	-87.74%	330.08%
Accounts Receivable	2.6	1.11	0.32	0.01	0.08	-
Receivables	2.6	1.11	0.32	0.01	0.08	-
Inventory	0.99	0.98	0.92	1.03	0.67	0.51
Prepaid Expenses	1.38	1.05	1.55	1.31	0.58	0.9
Restricted Cash	1	1	-	-	-	-
Other Current Assets	6.51	11.67	-	-	71.64	24.34
Total Current Assets	18.46	23.44	38.73	22.89	75.33	45.09
Property, Plant & Equipment	382.7	361.88	394.69	418.27	194.4	182.06
Long-Term Investments	7.31	8.05	19.64	22.17	24.48	28.23
Long-Term Accounts Receivable	1.78	2.4	-	-	-	-
Long-Term Deferred Charges	-	-	0.13	-	-	-
Other Long-Term Assets	15.75	27	6	6	36.58	37.65
Total Assets	426	422.77	459.19	469.34	330.79	293.03
Accounts Payable	4.92	1.82	1.36	1.95	2.31	2.54
Accrued Expenses	16.77	2.99	2.36	2.06	1.18	0.99
Current Portion of Long-Term Debt	16.07	14.2	12.42	12.34	7.21	5.32
Current Portion of Leases	2.96	6.36	8.98	8.61	9.82	9.29
Current Unearned Revenue	7.85	6.65	6.62	7.03	3.66	2.07
Other Current Liabilities	0.44	1.17	9.65	0.24	82.93	5.2
Total Current Liabilities	49.01	33.19	41.37	32.24	107.09	25.41
Long-Term Debt	249.82	245.06	228.08	221.37	90.16	79.07
Long-Term Leases	-	-	6.36	15.34	23.95	54.03
Long-Term Unearned Revenue	-	0.1	-	-	-	-
Other Long-Term Liabilities	0.02	-	-	3.37	0.23	0.3
Total Liabilities	298.86	278.35	275.81	272.31	221.42	158.81
Common Stock	0.05	0.05	0.05	0.01	0.02	0.4
Additional Paid-In Capital	425.46	451.08	451.16	428.47	429.96	465.67
Retained Earnings	-299.14	-306.71	-311.74	-317.81	-336.75	-345.37
Comprehensive Income & Other	0.78	-	-	-	-	-
Total Common Equity	127.14	144.42	139.46	110.67	93.22	120.7
Shareholders' Equity	127.14	144.42	183.38	197.02	109.36	134.22
Total Liabilities & Equity	426	422.77	459.19	469.34	330.79	293.03
Total Debt	268.85	265.62	255.84	257.66	131.13	147.71
Net Cash (Debt)	-262.88	-257.99	-219.88	-237.12	-128.76	-128.38
Net Cash Per Share	-56.82	-55.77	-122.24	-937.91	-775.83	-1310.19
Filing Date Shares Outstanding	4.63	4.63	4.63	1.7	0.17	0.17
Total Common Shares Outstanding	4.63	4.63	4.63	0.86	0.17	0.17
Working Capital	-30.56	-9.76	-2.64	-9.34	-31.75	19.67
Book Value Per Share	27.48	31.22	30.15	129.00	561.69	727.26
Tangible Book Value	127.14	144.42	139.46	110.67	93.22	120.7
Tangible Book Value Per Share	27.48	31.22	30.15	129.00	561.69	727.26
Machinery	439.07	409.77	409.77	409.77	164.04	146.89

Updated Oct 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q