Top Ships Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Revenue	62.08	80.42	86.13	82.95	80.66	56.37
Revenue Growth	-29.35%	-6.63%	3.83%	2.84%	43.09%	-6.40%
Cost of Revenue	21.64	30.87	34.82	30.69	30.88	27.89
Gross Profit	40.44	49.54	51.3	52.26	49.78	28.48
Selling, General & Admin	10.01	10.67	9.77	8.9	3.71	4.54
Other Operating Expenses	0.33	0.33	0.29	0.28	0.24	0.31
Operating Expenses	20.79	23.26	23.4	23.53	17.24	12.52
Operating Income	19.66	26.28	27.9	28.73	32.54	15.96
Interest Expense	-16.34	-20.59	-21.89	-19.33	-14.23	-6.98
Interest & Investment Income	0.4	0.39	0.47	0.35	0.05	-
Earnings From Equity Investments	1.11	-0.17	0.16	-0.02	0.65	0.75
Other Non Operating Income (Expenses)	-2.82	-2.82	-1.6	-3.66	-0.13	0.05
EBT Excluding Unusual Items	2.01	3.09	5.03	6.07	18.87	9.78
Gain (Loss) on Sale of Assets	-	-	-	-	0.08	-
Asset Writedown	-	-	-	-	-	-1.16
Pretax Income	2.01	3.09	5.03	6.07	18.95	8.62
Earnings From Continuing Operations	2.01	3.09	5.03	6.07	18.95	8.62
Net Income	2.01	3.09	5.03	6.07	18.95	8.62
Preferred Dividends & Other Adjustments	2.63	-	-	28.44	28.14	3.22
Net Income to Common	-0.62	3.09	5.03	-22.37	-9.19	5.4
Net Income Growth	-	-38.70%	-	-	-	-
Shares Outstanding (Basic)	5	5	5	2	0	0
Shares Outstanding (Diluted)	5	5	5	2	0	0
Shares Change	11.70%	-	157.19%	611.49%	52.33%	69.37%
EPS (Basic)	-0.12	0.67	1.09	-12.44	-36.34	32.51
EPS (Diluted)	-0.12	0.67	1.09	-12.44	-36.34	32.51
EPS Growth	-	-38.70%	-	-	-	-

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
Free Cash Flow	-73.76	5.62	-6.68	28.93	-183.3	-99.45
Free Cash Flow Per Share	-14.27	1.22	-1.44	16.09	-725.02	-599.23
Gross Margin	65.15%	61.61%	59.57%	63.00%	61.72%	50.53%
Operating Margin	31.66%	32.68%	32.40%	34.63%	40.34%	28.32%
Profit Margin	-1.00%	3.84%	5.85%	-26.97%	-11.39%	9.57%
Free Cash Flow Margin	-118.81%	6.99%	-7.75%	34.88%	-227.25%	-176.44%
EBITDA	30.11	38.55	41.24	43.08	45.83	23.65
EBITDA Margin	48.50%	47.94%	47.88%	51.93%	56.83%	41.95%
D&A For EBITDA	10.45	12.27	13.34	14.35	13.29	7.68
EBIT	19.66	26.28	27.9	28.73	32.54	15.96
EBIT Margin	31.66%	32.68%	32.40%	34.63%	40.34%	28.32%

SEC Filings: 10-K · 10-Q