NASDAQ : HMR
Heidmar Maritime Holdings Corp. — Financial statements
Industrials · Marine Shipping · Greece
Last price 1.78 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 105.01M
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Financial statements
Heidmar Maritime Holdings Corp. (HMR) reported revenue of 88.05M 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 88.05M | 55.85M | 28.28M | 40.69M | 23.84M | 4.77M |
| Other Revenue | 670.23K | 8.41M | 6.22M | |||
| Revenue | 88.05M | 55.85M | 28.95M | 49.10M | 30.06M | 4.77M |
| Cost of Revenue | 68.21M | 41.45M | 11.90M | 19.35M | 8.06M | 330.08K |
| Gross Profit | 19.83M | 14.40M | 17.05M | 29.75M | 22.01M | 4.44M |
| Selling, General & Admin | 17.95M | 19.26M | 12.90M | 10.10M | 5.06M | 2.91M |
| Amortization of Goodwill & Intangibles | 29.40K | 29.40K | 20.67K | |||
| Operating Expenses | 18.02M | 19.34M | 12.96M | 10.11M | 5.08M | 3.08M |
| Operating Income | 1.81M | -4.94M | 4.09M | 19.64M | 16.93M | 1.35M |
| Interest Expense | -1.91M | -1.37M | -751.43K | |||
| Interest & Investment Income | 188.38K | 188.38K | 506.14K | 938.34K | 7.72K | 81.13K |
| Earnings From Equity Investments | -227.22K | -227.22K | -859.40K | |||
| Currency Exchange Gain (Loss) | 115.45K | 115.45K | -164.17K | 350.00K | 6.19K | -6.20K |
| Other Non Operating Income (Expenses) | 383.41K | -3.84M | 250.47K | |||
| EBT Excluding Unusual Items | 2.27M | -8.70M | 1.91M | 19.55M | 16.19M | 1.43M |
| Gain (Loss) on Sale of Assets | 61.13K | 61.13K | -8.33K | |||
| Asset Writedown | -708.87K | |||||
| Other Unusual Items | 343.91K | |||||
| Pretax Income | 2.33M | -8.64M | 1.91M | 19.55M | 16.18M | 1.06M |
| Earnings From Continuing Operations | 2.33M | -8.64M | 1.91M | 19.55M | 16.18M | 1.06M |
| Earnings From Discontinued Operations | -152.78K | -13.92M | ||||
| Net Income | 2.18M | -22.56M | 1.91M | 19.55M | 16.18M | 1.06M |
| Net Income to Common | 2.18M | -22.56M | 1.91M | 19.55M | 16.18M | 1.06M |
| Shares Outstanding (Basic) | 58.78M | 58.26M | 57.12M | 57.12M | ||
| Shares Outstanding (Diluted) | 61.39M | 58.26M | 57.12M | 57.12M | ||
| EPS (Basic) | 0.04 | -0.39 | 0.03 | 0.34 | ||
| EPS (Diluted) | 0.03 | -0.39 | 0.03 | 0.34 | ||
| Free Cash Flow | 9.80M | 6.49M | 12.02M | 14.65M | 5.65M | |
| Free Cash Flow Per Share | 0.17 | 0.11 | 0.21 | |||
| Gross Margin | 22.53% | 25.78% | 58.90% | 60.60% | 73.20% | 93.08% |
| Operating Margin | 2.05% | -8.84% | 14.13% | 40.00% | 56.30% | 28.41% |
| Profit Margin | 2.47% | -40.39% | 6.61% | 39.83% | 53.82% | 22.33% |
| Free Cash Flow Margin | 17.54% | 22.42% | 24.47% | 48.74% | 118.49% | |
| EBITDA | 1.89M | -4.86M | 4.15M | 19.65M | 16.95M | 1.53M |
| EBITDA Margin | 2.14% | -8.70% | 14.34% | 40.03% | 56.37% | 32.14% |
| D&A For EBITDA | 76.05K | 76.47K | 60.55K | 12.83K | 21.10K | 177.44K |
| EBIT | 1.81M | -4.94M | 4.09M | 19.64M | 16.93M | 1.35M |
| EBIT Margin | 2.05% | -8.84% | 14.13% | 40.00% | 56.30% | 28.41% |
| Revenue as Reported | 88.05M | 55.85M | 28.95M | 49.10M | 30.06M | 4.77M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 28.70M | 18.65M | 20.03M | 18.93M | 25.21M | 7.85M |
| Cash & Short-Term Investments | 28.70M | 18.65M | 20.03M | 18.93M | 25.21M | 7.85M |
| Accounts Receivable | 1.24M | 10.78M | 12.20M | 790.66K | ||
| Other Receivables | 6.15M | 9.15M | 595.40K | 556.93K | 94.72K | |
| Receivables | 7.39M | 9.15M | 11.38M | 12.81M | 997.43K | |
| Inventory | 2.45K | 612.16K | 1.20M | |||
| Prepaid Expenses | 1.16M | 366.10K | 1.46M | 2.35M | 101.87K | |
| Other Current Assets | 9.44M | 182.13K | 98.03K | |||
| Total Current Assets | 38.14M | 27.38M | 30.25M | 32.98M | 40.37M | 8.95M |
| Property, Plant & Equipment | 41.15M | 5.37M | 14.13M | 22.37M | 437.28K | |
| Long-Term Investments | 1.57M | |||||
| Goodwill | 344.16K | 344.16K | ||||
| Other Intangible Assets | 390.93K | 420.33K | ||||
| Other Long-Term Assets | 61.43M | 2.87M | 170.66K | 163.19K | 193.80K | 189.49K |
| Total Assets | 99.57M | 72.14M | 38.12M | 47.27M | 62.94M | 9.58M |
| Accounts Payable | 4.89M | 17.25M | 5.94M | 5.57M | 11.75M | 4.84M |
| Accrued Expenses | 2.23M | 873.75K | 1.59M | 818.34K | 489.27K | |
| Short-Term Debt | 5.24M | 5.24M | ||||
| Current Portion of Leases | 8.70M | 4.89M | 9.29M | 8.63M | 182.72K | |
| Current Unearned Revenue | 37.20K | 1.12M | 1.81M | 5.03M | ||
| Other Current Liabilities | 41.91M | 1.01M | 1.58M | 1.64M | 292.20K | |
| Total Current Liabilities | 46.80M | 29.23M | 19.64M | 25.13M | 26.53M | 5.52M |
| Long-Term Leases | 32.20M | 179.59K | 4.75M | 13.65M | 108.23K | |
| Other Long-Term Liabilities | 36.17M | 84.97K | 972.09K | 972.09K | 50.31K | |
| Total Liabilities | 82.97M | 61.43M | 19.91M | 30.86M | 41.15M | 5.67M |
| Common Stock | 16.60M | 58.41K | ||||
| Additional Paid-In Capital | 27.31M | 4.23M | 4.23M | 4.23M | 2.23M | |
| Retained Earnings | -17.91M | 12.65M | 10.74M | 16.18M | ||
| Comprehensive Income & Other | 1.26M | 1.34M | 1.45M | 1.38M | 1.68M | |
| Shareholders' Equity | 16.60M | 10.71M | 18.22M | 16.41M | 21.79M | 3.90M |
| Total Liabilities & Equity | 99.57M | 72.14M | 38.12M | 47.27M | 62.94M | 9.58M |
| Total Debt | 40.90M | 10.31M | 19.28M | 22.28M | 290.95K | |
| Net Cash (Debt) | 28.70M | -22.25M | 9.72M | -348.35K | 2.93M | 7.56M |
| Net Cash Per Share | 0.47 | -0.38 | 0.17 | -0.01 | ||
| Filing Date Shares Outstanding | 59.59M | 58.99M | 58.16M | |||
| Total Common Shares Outstanding | 59.59M | 58.41M | ||||
| Working Capital | -8.66M | -1.85M | 10.61M | 7.84M | 13.84M | 3.43M |
| Book Value Per Share | 0.28 | 0.18 | ||||
| Tangible Book Value | 16.60M | 9.97M | 17.45M | 16.41M | 21.79M | 3.90M |
| Tangible Book Value Per Share | 0.28 | 0.17 | ||||
| Machinery | 385.40K | 387.37K | 118.94K | 109.88K | 166.74K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -22.56M | 1.91M | 19.55M | 16.18M | 1.06M | |
| Depreciation & Amortization | 76.47K | 60.55K | 12.83K | 21.10K | 450.98K | |
| Loss (Gain) From Sale of Assets | -61.13K | 8.33K | ||||
| Asset Writedown & Restructuring Costs | 708.87K | |||||
| Loss (Gain) on Equity Investments | 227.22K | 859.40K | ||||
| Stock-Based Compensation | 4.96M | |||||
| Other Operating Activities | 28.52M | 9.49M | 6.98M | 3.72M | -343.91K | |
| Change in Accounts Receivable | -2.15M | -334.98K | 17.56K | -406.18K | 13.90K | |
| Change in Inventory | 609.72K | 499.51K | -1.20M | |||
| Change in Accounts Payable | 2.50M | -10.31K | 683.72K | 794.14K | -387.84K | |
| Change in Unearned Revenue | -1.08M | -693.41K | -3.22M | 5.03M | -7.06K | |
| Change in Other Net Operating Assets | 2.16M | -5.03M | -10.80M | -10.69M | 4.32M | |
| Operating Cash Flow | 12.32M | 6.76M | 12.02M | 14.65M | 5.82M | |
| Capital Expenditures | -2.53M | -268.44K | -9.05K | -166.74K | ||
| Sale of Property, Plant & Equipment | 24.17K | |||||
| Cash Acquisitions | -400.00K | |||||
| Divestitures | -5.08M | |||||
| Investment in Securities | 1.34M | -2.43M | ||||
| Other Investing Activities | 1.81M | -930.00K | ||||
| Investing Cash Flow | -4.45M | -4.03M | -9.05K | 24.17K | -166.74K | |
| Short-Term Debt Issued | 1.40M | |||||
| Total Debt Issued | 1.40M | |||||
| Short-Term Debt Repaid | -779.02K | |||||
| Long-Term Debt Repaid | -972.09K | |||||
| Total Debt Repaid | -972.09K | -779.02K | ||||
| Net Debt Issued (Repaid) | -972.09K | -779.02K | 1.40M | |||
| Issuance of Common Stock | 279.35K | 5.24M | 2.97M | |||
| Repurchase of Common Stock | -623.22K | |||||
| Common Dividends Paid | -8.00M | -25.00M | ||||
| Other Financing Activities | -472.99K | -122.95K | ||||
| Financing Cash Flow | -9.17M | -1.53M | -18.36M | 2.97M | -4.76M | |
| Foreign Exchange Rate Adjustments | -84.34K | -108.42K | 66.11K | -292.22K | -232.99K | |
| Net Cash Flow | -1.38M | 1.10M | -6.28M | 17.36M | 657.89K | |
| Free Cash Flow | 9.80M | 6.49M | 12.02M | 14.65M | 5.65M | |
| Free Cash Flow Margin | 17.54% | 22.42% | 24.47% | 48.74% | 118.49% | |
| Free Cash Flow Per Share | 0.17 | 0.11 | 0.21 | |||
| Levered Free Cash Flow | 11.94M | 3.88M | 5.25M | 8.63M | ||
| Unlevered Free Cash Flow | 11.94M | 5.08M | 6.11M | 9.10M | ||
| Cash Interest Paid | 352.10K | 1.72M | 1.42M | 462.65K | ||
| Change in Working Capital | 2.04M | -5.56M | -14.52M | -5.27M | 3.94M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 78.99M | 45.74M | ||||
| Enterprise Value | 50.29M | 36.63M | ||||
| Last Close Price | 1.36 | 0.78 | ||||
| Forward PE | 5.95 | 3.77 | ||||
| PS Ratio | 0.91 | 0.82 | ||||
| PB Ratio | 4.88 | 4.27 | ||||
| P/TBV Ratio | 4.83 | 4.59 | ||||
| P/FCF Ratio | 3.26 | 4.67 | ||||
| P/OCF Ratio | 3.71 | |||||
| EV/Sales Ratio | 0.59 | 0.66 | ||||
| EV/FCF Ratio | 2.09 | 3.74 | ||||
| Debt / Equity Ratio | 3.82 | 0.57 | 1.18 | 1.02 | 0.07 | |
| Debt / EBITDA Ratio | 1.20 | 0.67 | 0.50 | 0.93 | 0.16 | |
| Debt / FCF Ratio | 4.17 | 1.59 | 1.60 | 1.52 | 0.05 | |
| Net Debt / Equity Ratio | -1.73 | 2.08 | -0.53 | 0.02 | -0.13 | -1.94 |
| Net Debt / EBITDA Ratio | -15.22 | -4.58 | -2.34 | 0.02 | -0.17 | -4.93 |
| Net Debt / FCF Ratio | 2.27 | -1.50 | 0.03 | -0.20 | -1.34 | |
| Asset Turnover | 1.02 | 1.01 | 0.68 | 0.89 | 0.83 | |
| Inventory Turnover | 134.89 | 13.11 | ||||
| Quick Ratio | 0.61 | 0.89 | 1.49 | 1.21 | 1.43 | 1.58 |
| Current Ratio | 0.81 | 0.94 | 1.54 | 1.31 | 1.52 | 1.62 |
| Return on Equity (ROE) | 15.85% | -59.72% | 11.05% | 102.38% | 125.96% | |
| Return on Assets (ROA) | 1.31% | -5.60% | 5.99% | 22.28% | 29.18% | |
| Return on Capital Employed (ROCE) | 3.40% | -11.50% | 22.10% | 88.70% | 46.50% | 33.40% |
| Earnings Yield | 2.51% | -49.33% | ||||
| FCF Yield | 30.68% | 21.42% | ||||
| Payout Ratio | 127.85% | |||||
| Buyback Yield / Dilution | -5.55% | -1.98% |