PANGAEA LOGISTICS SOLUTIONS LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $632.0M | $536.5M | $507.4M | $677.1M | $718.0M | $382.9M | $416.2M | $439.0M |
| Voyage Revenue | — | — | $433.1M | $577.4M | $608.2M | $325.1M | $356.9M | $381.9M |
| Time Charter Revenue | — | — | $74.3M | $99.7M | $109.9M | $57.8M | $59.3M | $57.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $31.1M | $24.6M | $22.8M | $20.1M | $19.0M | $15.9M | $17.4M | $16.5M |
| Operating Income | $40.9M | $48.4M | $44.6M | $105.5M | $78.9M | $19.7M | $23.3M | $36.1M |
| Operating Margin | 6.5% | 9.0% | 8.8% | 15.6% | 11.0% | 5.1% | 5.6% | 8.2% |
| Interest Expense | $24.0M | $17.1M | $17.0M | $15.7M | $10.3M | $7.7M | $9.2M | $8.7M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $366.0K | $389.0K | $417.0K | $443.0K | $605.0K | $578.0K | $458.0K | $356.0K |
| Net Income | $19.4M | $28.9M | $26.3M | $79.5M | $67.2M | $11.4M | $11.7M | $17.8M |
| Net Margin | 3.1% | 5.4% | 5.2% | 11.7% | 9.4% | 3.0% | 2.8% | 4.0% |
| EPS (Basic) | $0.30 | $0.64 | $0.59 | $1.79 | $1.53 | $0.26 | $0.27 | $0.42 |
| EPS (Diluted) | $0.30 | $0.63 | $0.58 | $1.76 | $1.50 | $0.26 | $0.27 | $0.42 |
| Shares Outstanding (Basic) | 63.8M | 45.4M | 44.8M | 44.4M | 44.0M | 43.4M | 42.8M | 42.2M |
| Shares Outstanding (Diluted) | 64.7M | 46.0M | 45.5M | 45.1M | 44.8M | 43.8M | 43.3M | 42.8M |
| Dividends Per Share | $0.05 | $0.10 | $0.10 | — | — | — | — | — |