EUROSEAS LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $227.9M | $212.9M | $189.4M | $182.7M | $93.9M | $53.3M | $40.0M | $34.4M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $6.8M | $5.9M | $4.7M | $4.6M | $3.5M | $3.0M | $2.4M | $2.6M |
| Operating Income | $149.5M | $120.0M | $119.4M | $106.6M | $45.7M | $9.3M | $2.0M | $2.3M |
| Operating Margin | 65.6% | 56.4% | 63.1% | 58.4% | 48.7% | 17.4% | 4.9% | 6.8% |
| Interest Expense | $14.5M | $10.1M | $6.0M | $4.7M | $2.6M | $3.8M | $3.2M | $2.7M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $137.0M | $112.8M | $114.5M | $106.2M | $43.0M | $4.0M | $-1.7M | $-663.4K |
| Net Margin | 60.1% | 53.0% | 60.5% | 58.2% | 45.8% | 7.6% | -4.2% | -1.9% |
| EPS (Basic) | $19.73 | $16.25 | $16.53 | $14.79 | $6.07 | $0.58 | $-0.61 | $-0.51 |
| EPS (Diluted) | $19.72 | $16.20 | $16.52 | $14.78 | $6.06 | $0.58 | $-0.61 | $-0.51 |
| Shares Outstanding (Basic) | 6.9M | 6.9M | 6.9M | 7.2M | 7.0M | 5.8M | 5.7M | — |
| Shares Outstanding (Diluted) | 6.9M | 7.0M | 6.9M | 7.2M | 7.0M | 5.8M | 5.7M | 0 |
| Dividends Per Share | $2.70 | $2.40 | $2.00 | $1.50 | — | — | — | — |