NASDAQ : EDRY
EuroDry Ltd. — Financial statements
Industrials · Marine Shipping · Greece
Last price 44.31 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 127.02M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
EuroDry Ltd. (EDRY) reported revenue of 62.27M 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 | 62.27M | 52.26M | 61.08M | 47.59M | 70.18M | 64.44M |
| Cost of Revenue | 27.69M | 33.44M | 40.27M | 28.16M | 22.13M | 12.91M |
| Gross Profit | 34.58M | 18.82M | 20.81M | 19.44M | 48.06M | 51.54M |
| Selling, General & Admin | 7.55M | 7.58M | 7.48M | 6.74M | 6.04M | 4.99M |
| Other Operating Expenses | -1.35M | -1.35M | 2.95M | 500.00K | ||
| Operating Expenses | 17.99M | 18.65M | 24.31M | 18.34M | 16.80M | 12.65M |
| Operating Income | 16.60M | 176.38K | -3.50M | 1.09M | 31.26M | 38.89M |
| Interest Expense | -6.40M | -7.01M | -7.65M | -6.47M | -1.81M | -2.00M |
| Interest & Investment Income | 230.25K | 206.70K | 103.52K | 897.62K | 46.30K | 10.48K |
| Currency Exchange Gain (Loss) | -12.20K | -40.54K | -5.94K | -5.79K | 43.09K | 5.81K |
| Other Non Operating Income (Expenses) | -443.56K | 84.51K | 332.90K | 1.20M | 1.15M | -4.10M |
| EBT Excluding Unusual Items | 9.97M | -6.58M | -10.72M | -3.28M | 30.69M | 32.80M |
| Gain (Loss) on Sale of Assets | 710.15K | 2.79M | 2.86M | |||
| Asset Writedown | -2.80M | |||||
| Other Unusual Items | -1.65M | |||||
| Pretax Income | 10.68M | -3.79M | -13.52M | -3.28M | 33.54M | 31.15M |
| Earnings From Continuing Operations | 10.68M | -3.79M | -13.52M | -3.28M | 33.54M | 31.15M |
| Minority Interest in Earnings | -1.33M | -475.37K | 911.37K | 374.07K | ||
| Net Income | 9.35M | -4.26M | -12.61M | -2.91M | 33.54M | 31.15M |
| Preferred Dividends & Other Adjustments | 1.75M | |||||
| Net Income to Common | 9.35M | -4.26M | -12.61M | -2.91M | 33.54M | 29.40M |
| Shares Outstanding (Basic) | 2.78M | 2.76M | 2.73M | 2.76M | 2.88M | 2.53M |
| Shares Outstanding (Diluted) | 2.81M | 2.76M | 2.73M | 2.76M | 2.89M | 2.55M |
| EPS (Basic) | 3.36 | -1.55 | -4.62 | -1.05 | 11.66 | 11.63 |
| EPS (Diluted) | 3.33 | -1.55 | -4.62 | -1.05 | 11.61 | 11.54 |
| Free Cash Flow | 17.29M | 5.40M | -3.92M | -53.50M | -4.80M | 2.31M |
| Free Cash Flow Per Share | 6.16 | 1.96 | -1.44 | -19.36 | -1.66 | 0.91 |
| Gross Margin | 55.54% | 36.02% | 34.07% | 40.84% | 68.47% | 79.97% |
| Operating Margin | 26.66% | 0.34% | -5.73% | 2.30% | 44.54% | 60.35% |
| Profit Margin | 15.02% | -8.16% | -20.64% | -6.11% | 47.79% | 45.63% |
| Free Cash Flow Margin | 27.76% | 10.33% | -6.42% | -112.41% | -6.84% | 3.59% |
| EBITDA | 28.38M | 12.59M | 10.38M | 12.06M | 42.02M | 46.55M |
| EBITDA Margin | 45.57% | 24.08% | 16.99% | 25.34% | 59.87% | 72.23% |
| D&A For EBITDA | 11.78M | 12.41M | 13.88M | 10.97M | 10.76M | 7.66M |
| EBIT | 16.60M | 176.38K | -3.50M | 1.09M | 31.26M | 38.89M |
| EBIT Margin | 26.66% | 0.34% | -5.73% | 2.30% | 44.54% | 60.35% |
| Revenue as Reported | 62.27M | 52.26M | 61.08M | 47.59M | 70.18M | 64.44M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.62M | 20.32M | 6.71M | 8.00M | 34.04M | 26.85M |
| Trading Asset Securities | 84.51K | 120.67K | 196.63K | 1.40M | ||
| Cash & Short-Term Investments | 25.62M | 20.40M | 6.83M | 8.20M | 35.44M | 26.85M |
| Accounts Receivable | 3.92M | 3.31M | 8.43M | 6.74M | 7.15M | 775.03K |
| Other Receivables | 1.01M | 941.06K | 1.11M | 2.13M | 346.07K | 1.24M |
| Receivables | 4.93M | 4.25M | 9.55M | 8.87M | 7.49M | 2.02M |
| Inventory | 1.22M | 1.31M | 2.10M | 4.12M | 1.06M | 770.34K |
| Prepaid Expenses | 397.75K | 511.17K | 474.49K | 243.38K | 249.02K | 314.40K |
| Restricted Cash | 2.83M | 2.16M | 1.59M | 2.80M | 1.20M | 459.94K |
| Other Current Assets | 2.79M | 2.46M | ||||
| Total Current Assets | 34.99M | 28.62M | 23.33M | 24.23M | 47.89M | 30.41M |
| Property, Plant & Equipment | 160.19M | 165.89M | 185.47M | 203.53M | 149.02M | 128.49M |
| Long-Term Investments | 144.52K | 705.97K | 210.11K | |||
| Other Long-Term Assets | 17.30M | 17.59M | 10.80M | 3.30M | 1.89M | 2.22M |
| Total Assets | 212.47M | 212.10M | 219.74M | 231.05M | 199.51M | 161.33M |
| Accounts Payable | 1.84M | 2.17M | 2.67M | 3.15M | 2.99M | 855.83K |
| Accrued Expenses | 2.24M | 3.07M | 3.85M | 2.32M | 1.00M | 852.44K |
| Current Portion of Long-Term Debt | 21.74M | 12.01M | 11.81M | 17.80M | 22.86M | 14.24M |
| Current Unearned Revenue | 1.03M | 842.17K | 247.29K | 346.84K | 351.64K | 1.51M |
| Other Current Liabilities | 533.80K | 627.23K | 181.01K | 1.87M | 244.59K | |
| Total Current Liabilities | 27.38M | 18.72M | 18.76M | 25.48M | 27.20M | 17.71M |
| Long-Term Debt | 75.65M | 90.87M | 95.38M | 86.14M | 58.36M | 64.70M |
| Total Liabilities | 103.03M | 109.59M | 114.14M | 111.63M | 85.56M | 82.41M |
| Common Stock | 28.66K | 28.91K | 28.27K | 28.32K | 29.03K | 29.19K |
| Additional Paid-In Capital | 68.52M | 68.55M | 67.75M | 68.07M | 69.44M | 67.96M |
| Retained Earnings | 31.54M | 24.69M | 28.96M | 41.56M | 44.47M | 10.93M |
| Total Common Equity | 100.09M | 93.27M | 96.74M | 109.66M | 113.94M | 78.92M |
| Minority Interest | 9.35M | 9.23M | 8.85M | 9.77M | ||
| Shareholders' Equity | 109.44M | 102.51M | 105.59M | 119.43M | 113.94M | 78.92M |
| Total Liabilities & Equity | 212.47M | 212.10M | 219.74M | 231.05M | 199.51M | 161.33M |
| Total Debt | 97.39M | 102.88M | 107.19M | 103.95M | 81.22M | 78.94M |
| Net Cash (Debt) | -71.77M | -82.48M | -100.36M | -95.75M | -45.78M | -52.09M |
| Net Cash Per Share | -25.58 | -29.93 | -36.79 | -34.65 | -15.84 | -20.44 |
| Filing Date Shares Outstanding | 2.87M | 2.89M | 2.83M | 2.80M | 2.84M | 2.92M |
| Total Common Shares Outstanding | 2.87M | 2.89M | 2.83M | 2.83M | 2.90M | 2.92M |
| Working Capital | 7.61M | 9.90M | 4.57M | -1.26M | 20.69M | 12.70M |
| Book Value Per Share | 34.92 | 32.27 | 34.22 | 38.72 | 39.25 | 27.04 |
| Tangible Book Value | 100.09M | 93.27M | 96.74M | 109.66M | 113.94M | 78.92M |
| Tangible Book Value Per Share | 34.92 | 32.27 | 34.22 | 38.72 | 39.25 | 27.04 |
| Machinery | 218.51M | 218.41M | 239.88M | 250.84M | 185.37M | 175.65M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.35M | -4.26M | -12.61M | -2.91M | 33.54M | 31.15M |
| Depreciation & Amortization | 11.78M | 12.41M | 13.88M | 10.97M | 10.76M | 7.66M |
| Other Amortization | 325.93K | 331.80K | 264.27K | 209.11K | 230.59K | 298.33K |
| Loss (Gain) From Sale of Assets | -710.15K | -2.79M | -2.86M | |||
| Asset Writedown & Restructuring Costs | 2.80M | |||||
| Stock-Based Compensation | 780.21K | 801.24K | 954.09K | 797.98K | 788.73K | 230.64K |
| Provision & Write-off of Bad Debts | 134.29K | |||||
| Other Operating Activities | 1.76M | 656.05K | -2.29M | 2.88M | -2.22M | 876.94K |
| Change in Accounts Receivable | 5.13M | 5.13M | -1.69M | 272.93K | -6.37M | 753.02K |
| Change in Inventory | 789.35K | 789.35K | 1.96M | -3.06M | -287.31K | 614.94K |
| Change in Accounts Payable | -690.48K | -690.48K | -276.84K | -13.38K | 2.11M | -251.26K |
| Change in Unearned Revenue | 594.88K | 594.88K | -99.54K | -4.80K | -1.16M | 1.27M |
| Change in Other Net Operating Assets | -4.25M | -202.10K | 1.92M | 2.53M | -1.55M | -3.46M |
| Operating Cash Flow | 24.86M | 12.76M | 4.81M | 11.81M | 32.99M | 39.14M |
| Capital Expenditures | -7.57M | -7.36M | -8.73M | -65.30M | -37.79M | -36.82M |
| Sale of Property, Plant & Equipment | 8.29M | 13.11M | 9.39M | |||
| Investing Cash Flow | 715.30K | 5.75M | -8.73M | -65.30M | -28.40M | -36.82M |
| Short-Term Debt Issued | 6.00M | |||||
| Long-Term Debt Issued | 8.59M | 16.00M | 46.50M | 20.00M | 70.70M | |
| Total Debt Issued | 8.59M | 8.59M | 16.00M | 46.50M | 20.00M | 76.70M |
| Short-Term Debt Repaid | -2.70M | |||||
| Long-Term Debt Repaid | -13.10M | -12.64M | -23.52M | -17.52M | -42.70M | |
| Total Debt Repaid | -12.68M | -13.10M | -12.64M | -23.52M | -17.52M | -45.40M |
| Net Debt Issued (Repaid) | -4.09M | -4.51M | 3.35M | 22.98M | 2.48M | 31.30M |
| Issuance of Common Stock | 2.69M | 9.98M | ||||
| Repurchase of Common Stock | -501.14K | -1.27M | -2.03M | -2.00M | ||
| Preferred Dividends Paid | -1.09M | |||||
| Dividends Paid | -1.09M | |||||
| Other Financing Activities | -1.01M | -234.23K | -355.00K | 9.52M | -162.43K | -980.33K |
| Financing Cash Flow | -5.60M | -4.74M | 1.73M | 30.47M | 3.01M | 22.61M |
| Net Cash Flow | 19.97M | 13.76M | -2.19M | -23.02M | 7.60M | 24.92M |
| Free Cash Flow | 17.29M | 5.40M | -3.92M | -53.50M | -4.80M | 2.31M |
| Free Cash Flow Margin | 27.76% | 10.33% | -6.42% | -112.41% | -6.84% | 3.59% |
| Free Cash Flow Per Share | 6.16 | 1.96 | -1.44 | -19.36 | -1.66 | 0.91 |
| Levered Free Cash Flow | 12.45M | 9.94M | -1.80M | -56.93M | -15.62M | -5.71M |
| Unlevered Free Cash Flow | 16.45M | 14.33M | 2.98M | -52.88M | -14.48M | -4.45M |
| Cash Interest Paid | 6.79M | 6.79M | 7.59M | 5.95M | 3.37M | 2.15M |
| Change in Working Capital | 1.57M | 5.62M | 1.81M | -271.20K | -7.25M | -1.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 127.02M | 36.27M | 31.72M | 53.07M | 49.45M | 54.16M |
| Enterprise Value | 198.79M | 135.75M | 131.76M | 96.21M | 107.19M | 123.42M |
| Last Close Price | 44.31 | 12.83 | 11.20 | 19.05 | 17.18 | 19.04 |
| PE Ratio | 13.32 | 1.47 | 1.84 | |||
| Forward PE | 7.53 | 4.93 | 4.51 | 12.80 | 1.66 | 1.17 |
| PS Ratio | 2.04 | 0.69 | 0.52 | 1.11 | 0.70 | 0.84 |
| PB Ratio | 1.27 | 0.35 | 0.30 | 0.44 | 0.43 | 0.69 |
| P/TBV Ratio | 1.27 | 0.39 | 0.33 | 0.48 | 0.43 | 0.69 |
| P/FCF Ratio | 7.35 | 6.72 | 23.39 | |||
| P/OCF Ratio | 5.11 | 2.84 | 6.59 | 4.50 | 1.50 | 1.38 |
| EV/Sales Ratio | 3.19 | 2.60 | 2.16 | 2.02 | 1.53 | 1.92 |
| EV/EBITDA Ratio | 7.01 | 10.79 | 12.70 | 7.98 | 2.55 | 2.65 |
| EV/EBIT Ratio | 11.98 | 769.67 | 87.97 | 3.43 | 3.17 | |
| EV/FCF Ratio | 11.50 | 25.15 | 53.31 | |||
| Debt / Equity Ratio | 0.89 | 1.00 | 1.01 | 0.87 | 0.71 | 1.00 |
| Debt / EBITDA Ratio | 3.43 | 8.17 | 10.33 | 8.62 | 1.93 | 1.70 |
| Debt / FCF Ratio | 5.63 | 19.06 | 34.10 | |||
| Net Debt / Equity Ratio | 0.66 | 0.81 | 0.95 | 0.80 | 0.40 | 0.66 |
| Net Debt / EBITDA Ratio | 2.53 | 6.55 | 9.67 | 7.94 | 1.09 | 1.12 |
| Net Debt / FCF Ratio | 4.15 | 15.28 | -25.61 | -1.79 | -9.54 | 22.50 |
| Asset Turnover | 0.30 | 0.24 | 0.27 | 0.22 | 0.39 | 0.48 |
| Inventory Turnover | 18.31 | 19.64 | 12.96 | 10.88 | 24.21 | 11.97 |
| Quick Ratio | 1.12 | 1.32 | 0.87 | 0.67 | 1.58 | 1.63 |
| Current Ratio | 1.28 | 1.53 | 1.24 | 0.95 | 1.76 | 1.72 |
| Return on Equity (ROE) | 10.23% | -3.64% | -12.01% | -2.81% | 34.78% | 48.13% |
| Return on Assets (ROA) | 4.95% | 0.05% | -0.97% | 0.32% | 10.83% | 18.08% |
| Return on Capital Employed (ROCE) | 9.00% | 0.10% | -1.70% | 0.50% | 18.10% | 27.10% |
| Earnings Yield | 7.51% | -11.76% | -39.74% | -5.48% | 67.83% | 57.53% |
| FCF Yield | 13.61% | 14.88% | -12.35% | -100.80% | -9.71% | 4.28% |
| Payout Ratio | 3.49% | |||||
| Buyback Yield / Dilution | -2.58% | -1.03% | 1.28% | 4.39% | -13.38% | -12.04% |