Top Ships Inc. (TOPS)
NYSEAMERICAN: TOPS · Real-Time Price · USD
0.7801
-0.0100 (-1.27%)
Aug 26, 2026, 12:48 PM EDT - Market open
Top Ships Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 3.09 | 5.03 | 6.07 | 18.95 | 8.62 |
Depreciation & Amortization | 21.94 | 23.15 | 23.58 | 21.86 | 15.63 |
Other Amortization | 4.56 | 2.86 | 4.73 | 2.52 | 0.84 |
Loss (Gain) From Sale of Assets | - | - | - | -0.09 | - |
Asset Writedown & Restructuring Costs | - | - | - | - | 1.16 |
Loss (Gain) on Equity Investments | 0.17 | -0.16 | 0.02 | -0.65 | -0.75 |
Stock-Based Compensation | - | - | - | -0.02 | -0.03 |
Other Operating Activities | 2.71 | 0.14 | - | 0.65 | 1.46 |
Change in Accounts Receivable | 0.03 | -3.2 | -0.31 | 0.07 | -0.08 |
Change in Inventory | 0.25 | -0.07 | 0.11 | -0.36 | -0.16 |
Change in Accounts Payable | 2.17 | 0.56 | -0.5 | -0.08 | -0.12 |
Change in Unearned Revenue | -2.05 | 0.14 | -0.42 | 3.37 | 1.58 |
Change in Other Net Operating Assets | -6.43 | -11.14 | -4.34 | -12.81 | -12.09 |
Operating Cash Flow | 26.43 | 17.32 | 28.93 | 33.42 | 16.06 |
Operating Cash Flow Growth | 52.59% | -40.13% | -13.42% | 108.08% | 165.91% |
Investing Activities
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 |
Capital Expenditures | -20.81 | -24 | - | -216.71 | -115.51 |
Sale of Property, Plant & Equipment | 19.5 | - | - | 71.75 | 35.89 |
Investment in Securities | - | 11.6 | 2.52 | 2.3 | 2.98 |
Investing Cash Flow | -1.31 | -12.4 | 2.52 | -142.66 | -76.65 |
Financing Activities
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 |
Short-Term Debt Issued | - | 28 | - | 9 | - |
Long-Term Debt Issued | 207 | 153 | 82 | 156.2 | 74.8 |
Total Debt Issued | 207 | 181 | 82 | 165.2 | 74.8 |
Short-Term Debt Repaid | - | -32.96 | - | -9 | - |
Long-Term Debt Repaid | -195.89 | -133.99 | -76.38 | -68.89 | -28.31 |
Total Debt Repaid | -195.89 | -166.95 | -76.38 | -77.89 | -28.31 |
Net Debt Issued (Repaid) | 11.11 | 14.05 | 5.62 | 87.31 | 46.49 |
Issuance of Common Stock | - | - | 13.57 | 27.27 | - |
Repurchase of Common Stock | - | - | - | -0.02 | - |
Preferred Dividends Paid | - | - | -6.01 | -13.36 | -1.78 |
Dividends Paid | - | - | -6.01 | -13.36 | -1.78 |
Other Financing Activities | -25.63 | -3.38 | -2.93 | -5.24 | -1.08 |
Financing Cash Flow | -14.51 | -33.25 | -16.04 | 127.41 | 43.63 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -0.02 | - | - | - | - |
Net Cash Flow | 10.59 | -28.33 | 15.41 | 18.17 | -16.96 |
Free Cash Flow
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 |
Free Cash Flow | 5.62 | -6.68 | 28.93 | -183.3 | -99.45 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | 6.99% | -7.75% | 34.88% | -227.25% | -176.44% |
Free Cash Flow Per Share | 1.22 | -1.44 | 16.09 | -725.02 | -599.23 |
Levered Free Cash Flow | 36.47 | -14.61 | 42.44 | -189.07 | -61.41 |
Unlevered Free Cash Flow | 44.78 | -3.79 | 49.8 | -182.7 | -57.88 |
Additional Metrics
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 |
Cash Interest Paid | 17.72 | 19.33 | 18.28 | 11.16 | 7.41 |
Change in Working Capital | -6.03 | -13.7 | -5.46 | -9.81 | -10.86 |