Top Ships Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $20.4M | $7.6M | $36.0M | $20.5M | $2.4M | $19.3M | $4.4M | $57.0K |
| Accounts Receivable | $1.5M | $1.1M | $317.0K | $8.0K | $76.0K | $0 | $642.0K | $815.0K |
| Inventory | $564.0K | $983.0K | $915.0K | $1.0M | $671.0K | $514.0K | $848.0K | $587.0K |
| Total Current Assets | $24.0M | $23.4M | $38.7M | $22.9M | $75.3M | $45.1M | $50.7M | $5.3M |
| Property, Plant & Equipment | $287.2M | $361.9M | $394.7M | $418.3M | $225.0M | $213.7M | $366.8M | $220.0M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $333.6M | $422.8M | $459.2M | $469.3M | $330.8M | $293.0M | $444.9M | $258.5M |
| Liabilities | ||||||||
| Accounts Payable | $3.3M | $1.8M | $1.4M | $2.0M | $2.3M | $2.5M | $4.5M | $4.1M |
| Total Current Liabilities | $39.6M | $33.2M | $41.4M | $32.2M | $107.1M | $25.4M | $75.4M | $36.8M |
| Long-Term Debt | $204.8M | $245.1M | $228.1M | $221.4M | $90.2M | $99.3M | $262.1M | $101.4M |
| Total Liabilities | $244.4M | $278.4M | $275.8M | $272.3M | $221.4M | $158.8M | $339.1M | $154.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-337.0M | $-306.7M | $-311.7M | $-317.8M | $-336.8M | $-345.4M | $-322.6M | $-307.8M |
| Total Stockholders' Equity | $89.2M | $144.4M | $139.5M | $110.7M | $93.2M | $120.7M | $87.7M | $104.3M |