Top Ships Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $80.4M | $86.1M | $82.9M | $80.7M | $56.4M | $60.2M | $66.1M | $41.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $7.6M | $7.5M | $6.7M | $1.6M | $1.9M | $1.9M | $1.7M | $7.0M |
| Operating Income | $26.3M | $27.9M | $28.7M | $32.6M | $14.8M | $-1.8M | $3.9M | $-3.9M |
| Operating Margin | 32.7% | 32.4% | 34.6% | 40.4% | 26.3% | -3.0% | 6.0% | -9.5% |
| Interest Expense | — | $20.5M | $18.1M | $11.9M | $8.2M | $22.6M | $19.0M | $11.4M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | $0 | $0 | $0 |
| Net Income | $3.1M | $5.0M | $6.1M | $18.9M | $8.6M | $-22.8M | $-14.8M | $-11.1M |
| Net Margin | 3.8% | 5.8% | 7.3% | 23.5% | 15.3% | -37.9% | -22.4% | -27.1% |
| EPS (Basic) | $0.67 | $1.09 | $-12.44 | $-12.11 | $10.84 | $-8.16 | $-88.21 | $-51.03 |
| EPS (Diluted) | $0.67 | $1.09 | $-12.44 | $-12.11 | $10.84 | $-8.16 | $-88.21 | $-51.03 |
| Shares Outstanding (Basic) | 4.6M | 4.6M | 1.8M | 758.4K | 497.9K | 3.5M | 702.6K | 218.2K |
| Shares Outstanding (Diluted) | 4.6M | 4.6M | 1.8M | 758.4K | 157.6M | 70.6M | 351.3K | 218.2K |
| Dividends Per Share | — | — | — | — | — | — | — | — |