NASDAQ : CISS
C3is Inc. — Financial statements
Industrials · Marine Shipping · Greece
Last price 0.498 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 162.88K
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Financial statements
C3is Inc. (CISS) reported revenue of 50.97M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 50.97M | 34.76M | 42.30M | 28.74M | 7.89M | 7.53M |
| Cost of Revenue | 14.43M | 13.82M | 15.07M | 8.05M | 1.42M | 438.41K |
| Gross Profit | 36.54M | 20.94M | 27.23M | 20.69M | 6.47M | 7.09M |
| Selling, General & Admin | 3.10M | 3.07M | 3.56M | 1.60M | 477.04K | 155.02K |
| Other Operating Expenses | 12.40M | 10.00M | 7.42M | 4.56M | 3.32M | 2.02M |
| Operating Expenses | 22.48M | 19.57M | 17.16M | 10.26M | 5.14M | 2.70M |
| Operating Income | 14.06M | 1.36M | 10.06M | 10.43M | 1.32M | 4.38M |
| Interest Expense | -249.53K | -374.33K | -2.47M | -1.37M | -278.00 | -42.78K |
| Interest & Investment Income | 658.15K | 327.84K | 950.82K | 36.11K | ||
| Currency Exchange Gain (Loss) | -85.38K | -63.68K | -160.26K | 195.68K | -862.00 | 263.00 |
| Other Non Operating Income (Expenses) | 6.68M | 9.22M | -11.13M | -11.97K | ||
| Pretax Income | 21.07M | 10.47M | -2.75M | 9.29M | 1.32M | 4.33M |
| Net Income | 21.07M | 10.47M | -2.75M | 9.29M | 1.32M | 4.33M |
| Preferred Dividends & Other Adjustments | 9.58M | 6.29M | 5.34M | 760.79K | ||
| Net Income to Common | 11.49M | 4.18M | -8.09M | 8.53M | 1.32M | 4.33M |
| Free Cash Flow | 13.88M | 3.84M | 23.35M | 1.34M | -92.02M | -13.98M |
| Gross Margin | 71.69% | 60.24% | 64.37% | 71.99% | 81.95% | 94.17% |
| Operating Margin | 27.60% | 3.93% | 23.79% | 36.29% | 16.79% | 58.26% |
| Profit Margin | 22.54% | 12.04% | -19.12% | 29.68% | 16.78% | 57.53% |
| Free Cash Flow Margin | 27.24% | 11.05% | 55.21% | 4.66% | -1,166.46% | -185.69% |
| EBITDA | 21.04M | 7.87M | 16.24M | 14.53M | 2.66M | 4.92M |
| EBITDA Margin | 41.28% | 22.63% | 38.40% | 50.57% | 33.77% | 65.30% |
| D&A For EBITDA | 6.98M | 6.50M | 6.18M | 4.10M | 1.34M | 530.10K |
| EBIT | 14.06M | 1.36M | 10.06M | 10.43M | 1.32M | 4.38M |
| EBIT Margin | 27.60% | 3.93% | 23.79% | 36.29% | 16.79% | 58.26% |
| Revenue as Reported | 50.97M | 34.76M | 42.30M | 28.74M | 7.89M | 7.53M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 737.87K | 616.64K | 4.64M | 695.29K | 18.99K | |
| Short-Term Investments | 32.51M | 14.32M | 7.95M | 8.37M | ||
| Cash & Short-Term Investments | 33.25M | 14.94M | 12.59M | 9.06M | 18.99K | |
| Accounts Receivable | 11.73M | 4.26M | 2.82M | 10.44M | 674.83K | 200.37K |
| Other Receivables | 146.71K | 4.06M | ||||
| Receivables | 11.73M | 4.26M | 2.82M | 10.44M | 821.53K | 4.26M |
| Inventory | 3.22M | 1.31M | 884.15K | 689.27K | 165.65K | 60.18K |
| Restricted Cash | 254.63K | |||||
| Other Current Assets | 309.25K | 323.12K | 50.72K | 114.11K | 36.34K | 30.82K |
| Total Current Assets | 48.51M | 20.84M | 16.34M | 20.31M | 1.02M | 4.63M |
| Property, Plant & Equipment | 96.25M | 77.65M | 84.15M | 75.16M | 38.84M | 11.23M |
| Other Long-Term Assets | 500.00K | |||||
| Total Assets | 144.76M | 98.49M | 100.49M | 95.47M | 39.86M | 16.36M |
| Accounts Payable | 3.11M | 1.80M | 908.34K | 547.02K | 792.14K | 185.86K |
| Accrued Expenses | 25.23M | 938.81K | 2.71M | 1.10M | 173.32K | 142.63K |
| Current Portion of Long-Term Debt | 992.16K | |||||
| Current Portion of Leases | 64.37K | 24.75K | 28.77K | |||
| Current Unearned Revenue | 78.01K | 235.65K | 162.11K | 215.84K | ||
| Other Current Liabilities | 347.92K | 354.17K | 14.88M | 38.07M | ||
| Total Current Liabilities | 28.82M | 3.36M | 18.69M | 39.93M | 965.47K | 1.32M |
| Long-Term Debt | 6.29M | |||||
| Other Long-Term Liabilities | 1.35M | 29.16K | 10.44M | |||
| Total Liabilities | 30.17M | 3.39M | 29.13M | 39.93M | 965.47K | 7.61M |
| Common Stock | 387.00 | 6.60K | 353.00 | 58.00 | 38.89M | |
| Additional Paid-In Capital | 102.41M | 90.60M | 71.10M | 47.19M | 5.14M | |
| Retained Earnings | 12.17M | 4.49M | 257.05K | 8.35M | 3.61M | |
| Total Common Equity | 114.58M | 95.09M | 71.36M | 55.54M | 38.89M | 8.75M |
| Shareholders' Equity | 114.59M | 95.10M | 71.36M | 55.54M | 38.89M | 8.75M |
| Total Liabilities & Equity | 144.76M | 98.49M | 100.49M | 95.47M | 39.86M | 16.36M |
| Total Debt | 64.37K | 24.75K | 28.77K | 7.28M | ||
| Net Cash (Debt) | 33.18M | 14.92M | 12.56M | 9.06M | -7.26M | |
| Filing Date Shares Outstanding | 23.03K | 13.21K | ||||
| Working Capital | 19.68M | 17.48M | -2.35M | -19.62M | 58.05K | 3.31M |
| Tangible Book Value | 114.58M | 95.09M | 71.36M | 55.54M | 38.89M | 8.75M |
| Machinery | 117.32M | 94.99M | 94.99M | 79.82M | 39.39M | 11.68M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 21.07M | 10.47M | -2.75M | 9.29M | 1.32M | 4.33M |
| Depreciation & Amortization | 6.98M | 6.50M | 6.18M | 4.10M | 1.34M | 530.10K |
| Other Amortization | 1.92K | |||||
| Stock-Based Compensation | 208.94K | 375.22K | 337.86K | 37.64K | ||
| Other Operating Activities | -6.58M | -9.15M | 12.40M | -241.97K | ||
| Change in Accounts Receivable | -6.05M | -1.45M | 7.63M | -9.77M | -1.62M | -240.44K |
| Change in Inventory | -2.07M | -427.91K | -194.88K | -523.62K | -397.55K | -72.22K |
| Change in Accounts Payable | 1.76M | 896.13K | 361.32K | -245.12K | 1.90M | 175.25K |
| Change in Unearned Revenue | -37.66K | 73.54K | -53.73K | 215.84K | ||
| Change in Other Net Operating Assets | -1.39M | -3.29M | 1.07M | 2.77M | -23.34K | -4.74M |
| Operating Cash Flow | 13.88M | 4.00M | 24.98M | 5.64M | 2.52M | -14.49K |
| Capital Expenditures | -161.90K | -1.62M | -4.30M | -94.55M | -13.96M | |
| Investment in Securities | -30.96M | -6.38M | 262.79K | -8.13M | ||
| Investing Cash Flow | -30.96M | -6.54M | -1.36M | -12.43M | -94.55M | -13.96M |
| Total Debt Issued | 8.80M | |||||
| Long-Term Debt Repaid | -13.38M | -36.13M | ||||
| Net Debt Issued (Repaid) | -13.38M | -36.13M | 8.80M | |||
| Issuance of Common Stock | 19.24M | 13.70M | 19.00M | 5.00M | 13.79M | |
| Repurchase of Common Stock | -7.62M | |||||
| Preferred Dividends Paid | -572.92K | -568.75K | -762.50K | -241.67K | ||
| Dividends Paid | -572.92K | -568.75K | -762.50K | -241.67K | ||
| Other Financing Activities | -1.53M | -1.24M | -1.78M | 2.72M | 92.02M | -61.56K |
| Financing Cash Flow | 17.14M | -1.49M | -19.67M | 7.48M | 92.02M | 14.91M |
| Net Cash Flow | 62.10K | -4.02M | 3.95M | 695.29K | 928.35K | |
| Free Cash Flow | 13.88M | 3.84M | 23.35M | 1.34M | -92.02M | -13.98M |
| Free Cash Flow Margin | 27.24% | 11.05% | 55.21% | 4.66% | -1,166.46% | -185.69% |
| Levered Free Cash Flow | 30.59M | -10.14M | -4.13M | 34.24M | -88.16M | |
| Unlevered Free Cash Flow | 30.75M | -9.91M | -2.59M | 35.10M | -88.16M | |
| Change in Working Capital | -7.80M | -4.20M | 8.81M | -7.55M | -139.33K | -4.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 162.88K | 2.35M | 6.04M | 4.45M | ||
| Enterprise Value | -33.02M | -4.22M | -1.93M | -4.49M | ||
| Last Close Price | 0.50 | 1,288.00 | 47,947.05 | 4,451,261.00 | ||
| PE Ratio | 0.01 | 0.56 | 0.52 | |||
| PS Ratio | 0.00 | 0.07 | 0.14 | 0.15 | ||
| PB Ratio | 0.00 | 0.03 | 0.09 | 0.08 | ||
| P/TBV Ratio | 0.00 | 0.03 | 0.09 | 0.08 | ||
| P/FCF Ratio | 0.01 | 0.61 | 0.26 | 3.32 | ||
| P/OCF Ratio | 0.01 | 0.59 | 0.24 | 0.79 | ||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.83 | ||
| Debt / EBITDA Ratio | 0.00 | 0.00 | 0.00 | 1.48 | ||
| Debt / FCF Ratio | 0.01 | 0.01 | 0.00 | |||
| Net Debt / Equity Ratio | -0.29 | -0.16 | -0.18 | -0.16 | 0.83 | |
| Net Debt / EBITDA Ratio | -1.58 | -1.90 | -0.77 | -0.62 | 1.48 | |
| Net Debt / FCF Ratio | -2.39 | -3.88 | -0.54 | -6.77 | -0.52 | |
| Asset Turnover | 0.43 | 0.35 | 0.43 | 0.42 | 0.28 | |
| Inventory Turnover | 6.62 | 12.58 | 19.16 | 18.83 | 12.61 | |
| Quick Ratio | 1.56 | 5.72 | 0.82 | 0.49 | 0.85 | 3.24 |
| Current Ratio | 1.68 | 6.21 | 0.87 | 0.51 | 1.06 | 3.50 |
| Return on Equity (ROE) | 22.27% | 12.58% | -4.33% | 19.68% | 5.56% | |
| Return on Assets (ROA) | 7.49% | 0.86% | 6.42% | 9.63% | 2.95% | |
| Return on Capital Employed (ROCE) | 12.10% | 1.40% | 12.30% | 18.80% | 3.40% | 29.20% |
| Earnings Yield | 7,053.98% | 445.80% | -45.49% | 208.75% | ||
| FCF Yield | 8,523.16% | 163.45% | 386.55% | 30.09% | ||
| Payout Ratio | 5.43% | 2.60% |