Top Ships Inc. (TOPS)
NYSEAMERICAN: TOPS · Real-Time Price · USD
0.4679
-0.0125 (-2.60%)
At close: Oct 13, 2026, 4:00 PM EDT
0.4750
+0.0071 (1.52%)
After-hours: Oct 13, 2026, 5:31 PM EDT
Top Ships Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash & Equivalents | 11.45 | 20.37 | 7.63 | 35.96 | 20.54 | 2.37 |
Cash & Short-Term Investments | 11.45 | 20.37 | 7.63 | 35.96 | 20.54 | 2.37 |
Cash Growth | 91.71% | 167.03% | -78.78% | 75.02% | 766.84% | -87.74% |
Accounts Receivable | 1.69 | 1.54 | 1.11 | 0.32 | 0.01 | 0.08 |
Receivables | 1.69 | 1.54 | 1.11 | 0.32 | 0.01 | 0.08 |
Inventory | 0.61 | 0.56 | 0.98 | 0.92 | 1.03 | 0.67 |
Prepaid Expenses | 0.71 | 0.97 | 1.05 | 1.55 | 1.31 | 0.58 |
Restricted Cash | - | - | 1 | - | - | - |
Other Current Assets | - | 0.6 | 11.67 | - | - | 71.64 |
Total Current Assets | 14.45 | 24.05 | 23.44 | 38.73 | 22.89 | 75.33 |
Property, Plant & Equipment | 263.11 | 268.97 | 361.88 | 394.69 | 418.27 | 194.4 |
Long-Term Investments | 7.11 | 7.88 | 8.05 | 19.64 | 22.17 | 24.48 |
Long-Term Accounts Receivable | 0.54 | 1.16 | 2.4 | - | - | - |
Long-Term Deferred Charges | - | - | - | 0.13 | - | - |
Other Long-Term Assets | 88.29 | 31.56 | 27 | 6 | 6 | 36.58 |
Total Assets | 373.5 | 333.61 | 422.77 | 459.19 | 469.34 | 330.79 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Accounts Payable | 2.73 | 3.34 | 1.82 | 1.36 | 1.95 | 2.31 |
Accrued Expenses | 1.36 | 1.52 | 2.99 | 2.36 | 2.06 | 1.18 |
Current Portion of Long-Term Debt | 11.75 | 11.82 | 14.2 | 12.42 | 12.34 | 7.21 |
Current Portion of Leases | - | - | 6.36 | 8.98 | 8.61 | 9.82 |
Current Unearned Revenue | 3.28 | 3.23 | 6.65 | 6.62 | 7.03 | 3.66 |
Other Current Liabilities | 11.3 | 19.64 | 1.17 | 9.65 | 0.24 | 82.93 |
Total Current Liabilities | 30.4 | 39.55 | 33.19 | 41.37 | 32.24 | 107.09 |
Long-Term Debt | 249.23 | 204.79 | 245.06 | 228.08 | 221.37 | 90.16 |
Long-Term Leases | - | - | - | 6.36 | 15.34 | 23.95 |
Long-Term Unearned Revenue | 0.35 | 0.08 | 0.1 | - | - | - |
Other Long-Term Liabilities | 0.74 | - | - | - | 3.37 | 0.23 |
Total Liabilities | 280.72 | 244.42 | 278.35 | 275.81 | 272.31 | 221.42 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Common Stock | 0.08 | 0.05 | 0.05 | 0.05 | 0.01 | 0.02 |
Additional Paid-In Capital | 407.74 | 425.43 | 451.08 | 451.16 | 428.47 | 429.96 |
Retained Earnings | -330.5 | -336.99 | -306.71 | -311.74 | -317.81 | -336.75 |
Comprehensive Income & Other | -0.63 | 0.7 | - | - | - | - |
Total Common Equity | 76.68 | 89.19 | 144.42 | 139.46 | 110.67 | 93.22 |
Shareholders' Equity | 92.78 | 89.19 | 144.42 | 183.38 | 197.02 | 109.36 |
Total Liabilities & Equity | 373.5 | 333.61 | 422.77 | 459.19 | 469.34 | 330.79 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Total Debt | 260.97 | 216.61 | 265.62 | 255.84 | 257.66 | 131.13 |
Net Cash (Debt) | -249.53 | -196.24 | -257.99 | -219.88 | -237.12 | -128.76 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -48.29 | -42.42 | -55.77 | -122.24 | -937.91 | -775.83 |
Filing Date Shares Outstanding | 7.61 | 4.63 | 4.63 | 4.63 | 1.7 | 0.17 |
Total Common Shares Outstanding | 7.61 | 4.63 | 4.63 | 4.63 | 0.86 | 0.17 |
Working Capital | -15.95 | -15.51 | -9.76 | -2.64 | -9.34 | -31.75 |
Book Value Per Share | 10.07 | 19.28 | 31.22 | 30.15 | 129.00 | 561.69 |
Tangible Book Value | 76.68 | 89.19 | 144.42 | 139.46 | 110.67 | 93.22 |
Tangible Book Value Per Share | 10.07 | 19.28 | 31.22 | 30.15 | 129.00 | 561.69 |
Machinery | 310.77 | 312.1 | 409.77 | 409.77 | 409.77 | 164.04 |