NASDAQ : ICON
Icon Energy Corp. — Financial statements
Industrials · Marine Shipping · Greece
Last price 0.9851 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.57M
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Financial statements
Icon Energy Corp. (ICON) reported revenue of 15.54M 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 | 15.54M | 11.26M | 5.31M | 4.48M | 7.24M | 6.50M |
| Cost of Revenue | 8.01M | 6.32M | 3.22M | 2.40M | 2.42M | 2.17M |
| Gross Profit | 7.53M | 4.93M | 2.08M | 2.08M | 4.83M | 4.33M |
| Selling, General & Admin | 2.80M | 1.82M | 785.00K | 292.00K | 286.00K | 292.36K |
| Other Operating Expenses | -359.00K | -146.18K | ||||
| Operating Expenses | 6.27M | 4.75M | 1.92M | 972.00K | 607.00K | 718.91K |
| Operating Income | 1.26M | 180.00K | 170.00K | 1.10M | 4.22M | 3.61M |
| Interest Expense | -3.14M | -3.81M | -452.00K | -3.00K | -3.00K | -2.18K |
| Interest & Investment Income | 142.00K | 127.00K | 72.00K | 56.00K | 13.00K | 4.36K |
| Other Non Operating Income (Expenses) | 872.00K | -692.00K | -3.00K | 14.00K | 5.46K | |
| Pretax Income | -870.00K | -4.20M | -210.00K | 1.16M | 4.24M | 3.62M |
| Net Income | -870.00K | -4.20M | -210.00K | 1.16M | 4.24M | 3.62M |
| Preferred Dividends & Other Adjustments | 4.14M | 2.98M | 977.00K | |||
| Net Income to Common | -5.01M | -7.17M | -1.19M | 1.16M | 4.24M | 3.62M |
| Shares Outstanding (Basic) | 1.72M | 397.78K | ||||
| Shares Outstanding (Diluted) | 1.72M | 397.78K | ||||
| EPS (Basic) | -2.91 | -18.04 | ||||
| EPS (Diluted) | -2.91 | -18.04 | ||||
| Free Cash Flow | -1.09M | -5.29M | -17.16M | 2.48M | 3.76M | 3.92M |
| Free Cash Flow Per Share | -0.63 | -13.29 | ||||
| Dividend Per Share | 47.00 | |||||
| Gross Margin | 48.45% | 43.82% | 39.27% | 46.40% | 66.63% | 66.58% |
| Operating Margin | 8.09% | 1.60% | 3.20% | 24.69% | 58.25% | 55.53% |
| Profit Margin | -32.24% | -63.73% | -22.36% | 25.80% | 58.58% | 55.65% |
| Free Cash Flow Margin | -7.03% | -46.97% | -323.24% | 55.47% | 51.98% | 60.22% |
| EBITDA | 4.73M | 3.11M | 1.30M | 1.78M | 4.90M | 4.18M |
| EBITDA Margin | 30.42% | 27.63% | 24.49% | 39.88% | 67.64% | 64.33% |
| D&A For EBITDA | 3.47M | 2.93M | 1.13M | 680.00K | 680.00K | 572.73K |
| EBIT | 1.26M | 180.00K | 170.00K | 1.10M | 4.22M | 3.61M |
| EBIT Margin | 8.09% | 1.60% | 3.20% | 24.69% | 58.25% | 55.53% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.72M | 3.88M | 946.00K | 2.70M | 3.55M | 2.42M |
| Cash & Short-Term Investments | 7.72M | 3.88M | 946.00K | 2.70M | 3.55M | 2.42M |
| Receivables | 109.00K | 278.00K | 117.00K | 43.00K | ||
| Inventory | 319.00K | 314.00K | 133.00K | 57.00K | 134.00K | 55.00K |
| Prepaid Expenses | 299.00K | 329.00K | 172.00K | 43.00K | 44.00K | 57.00K |
| Restricted Cash | 200.00K | |||||
| Other Current Assets | 1.95M | 32.00K | 39.00K | 220.00K | 193.00K | 392.00K |
| Total Current Assets | 10.39M | 5.03M | 1.29M | 3.02M | 4.04M | 2.97M |
| Property, Plant & Equipment | 49.55M | 51.27M | 26.10M | 9.18M | 9.86M | 10.54M |
| Long-Term Deferred Charges | 3.92M | 1.64M | 907.00K | 657.00K | 697.00K | 1.06M |
| Other Long-Term Assets | 500.00K | 500.00K | 500.00K | 22.00K | ||
| Total Assets | 64.84M | 58.44M | 28.80M | 12.88M | 14.60M | 14.57M |
| Accounts Payable | 2.01M | 1.36M | 394.00K | 85.00K | 179.00K | 1.36M |
| Accrued Expenses | 1.20M | 626.00K | 416.00K | 372.00K | 97.00K | 288.00K |
| Current Portion of Long-Term Debt | 1.84M | 1.09M | 2.21M | |||
| Current Portion of Leases | 1.21M | 1.19M | ||||
| Current Unearned Revenue | 448.00K | 140.00K | 135.00K | 247.00K | 209.00K | |
| Other Current Liabilities | 178.00K | 173.00K | 3.01M | |||
| Total Current Liabilities | 6.71M | 4.59M | 3.33M | 3.71M | 276.00K | 1.85M |
| Long-Term Debt | 11.52M | 12.62M | 13.72M | |||
| Long-Term Leases | 19.26M | 19.86M | ||||
| Total Liabilities | 37.48M | 37.07M | 17.05M | 3.71M | 276.00K | 1.85M |
| Common Stock | 4.00K | 1.00K | 14.32M | |||
| Additional Paid-In Capital | 31.90M | 25.44M | 11.62M | 8.59M | 10.56M | |
| Retained Earnings | -4.44M | -4.07M | 128.00K | 577.00K | 2.15M | |
| Total Common Equity | 27.36M | 21.38M | 11.74M | 9.17M | 14.32M | 12.72M |
| Shareholders' Equity | 27.36M | 21.38M | 11.75M | 9.17M | 14.32M | 12.72M |
| Total Liabilities & Equity | 64.84M | 58.44M | 28.80M | 12.88M | 14.60M | 14.57M |
| Total Debt | 33.82M | 34.76M | 15.93M | |||
| Net Cash (Debt) | -26.11M | -30.88M | -14.98M | 2.70M | 3.55M | 2.42M |
| Net Cash Per Share | -15.15 | -77.63 | ||||
| Filing Date Shares Outstanding | 3.62M | 691.98K | 437.05K | |||
| Total Common Shares Outstanding | 3.76M | 691.98K | 437.05K | |||
| Working Capital | 3.68M | 446.00K | -2.04M | -691.00K | 3.76M | 1.12M |
| Book Value Per Share | 7.28 | 30.89 | 26.87 | |||
| Tangible Book Value | 27.36M | 21.38M | 11.74M | 9.17M | 14.32M | 12.72M |
| Tangible Book Value Per Share | 7.28 | 30.89 | 26.87 | |||
| Machinery | 57.21M | 57.21M | 29.11M | 11.07M | 11.07M | 11.07M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -870.00K | -4.20M | -210.00K | 1.16M | 4.24M | 3.62M |
| Depreciation & Amortization | 3.47M | 2.93M | 1.13M | 680.00K | 680.00K | 572.73K |
| Other Amortization | 854.00K | 622.00K | 540.00K | 357.00K | 360.00K | 17.45K |
| Loss (Gain) on Equity Investments | 1.49M | 1.49M | ||||
| Other Operating Activities | -4.89M | -155.00K | -903.00K | -456.00K | -673.09K | |
| Change in Accounts Receivable | 51.00K | -278.00K | 117.00K | -74.00K | -46.91K | |
| Change in Inventory | -25.00K | -181.00K | -76.00K | 77.00K | -79.00K | -60.00K |
| Change in Accounts Payable | 1.34M | 874.00K | 100.00K | -94.00K | -608.00K | 858.54K |
| Change in Unearned Revenue | 282.00K | 5.00K | -112.00K | 247.00K | -209.00K | 228.00K |
| Change in Other Net Operating Assets | -2.53M | -310.00K | 395.00K | -34.00K | 133.00K | -63.27K |
| Operating Cash Flow | -833.00K | 799.00K | 864.00K | 2.50M | 3.99M | 4.45M |
| Capital Expenditures | -260.00K | -6.09M | -18.02M | -22.00K | -225.00K | -535.64K |
| Investing Cash Flow | -753.00K | -6.09M | -18.02M | -22.00K | -225.00K | -535.64K |
| Long-Term Debt Issued | 16.50M | |||||
| Long-Term Debt Repaid | -2.96M | -300.00K | ||||
| Net Debt Issued (Repaid) | -2.44M | -2.96M | 16.20M | |||
| Issuance of Common Stock | 9.03M | 12.49M | 4.57M | 700.00K | 1.31M | |
| Common Dividends Paid | -153.00K | -153.00K | -239.00K | -3.31M | -2.64M | -1.27M |
| Other Financing Activities | -1.01M | -963.00K | -4.62M | -725.00K | -1.31M | |
| Financing Cash Flow | 5.31M | 8.42M | 15.90M | -3.33M | -2.64M | -1.27M |
| Net Cash Flow | 3.73M | 3.13M | -1.26M | -849.00K | 1.13M | 2.65M |
| Free Cash Flow | -1.09M | -5.29M | -17.16M | 2.48M | 3.76M | 3.92M |
| Free Cash Flow Margin | -7.03% | -46.97% | -323.24% | 55.47% | 51.98% | 60.22% |
| Free Cash Flow Per Share | -0.63 | -13.29 | ||||
| Levered Free Cash Flow | 2.74M | -4.42M | -19.15M | 5.31M | 1.93M | |
| Unlevered Free Cash Flow | 4.63M | -2.13M | -18.90M | 5.31M | 1.93M | |
| Change in Working Capital | -885.00K | 110.00K | 307.00K | 313.00K | -837.00K | 916.36K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.73M | 1.50M | 3.23M | |||
| Enterprise Value | 29.84M | 32.75M | 17.62M | |||
| Last Close Price | 1.03 | 3.35 | 429.30 | |||
| Forward PE | 2.03 | 2.03 | ||||
| PS Ratio | 0.24 | 0.13 | 0.61 | |||
| PB Ratio | 0.14 | 0.07 | 0.28 | |||
| P/TBV Ratio | 0.14 | 0.07 | 0.28 | |||
| P/OCF Ratio | 1.87 | 3.74 | ||||
| EV/Sales Ratio | 1.92 | 2.91 | 3.32 | |||
| EV/EBITDA Ratio | 6.31 | 10.53 | 13.55 | |||
| EV/EBIT Ratio | 23.74 | 181.96 | 103.63 | |||
| Debt / Equity Ratio | 1.24 | 1.63 | 1.36 | |||
| Debt / EBITDA Ratio | 7.15 | 11.18 | 12.25 | |||
| Net Debt / Equity Ratio | 0.95 | 1.44 | 1.28 | -0.29 | -0.25 | -0.19 |
| Net Debt / EBITDA Ratio | 5.52 | 9.93 | 11.53 | -1.51 | -0.72 | -0.58 |
| Net Debt / FCF Ratio | -23.88 | -5.84 | -0.87 | -1.09 | -0.94 | -0.62 |
| Asset Turnover | 0.25 | 0.26 | 0.26 | 0.33 | 0.50 | |
| Inventory Turnover | 26.14 | 28.30 | 33.94 | 25.12 | 25.57 | |
| Quick Ratio | 1.17 | 0.91 | 0.28 | 0.73 | 13.29 | 1.33 |
| Current Ratio | 1.55 | 1.10 | 0.39 | 0.81 | 14.63 | 1.60 |
| Return on Equity (ROE) | -3.64% | -25.34% | -2.01% | 9.83% | 31.38% | |
| Return on Assets (ROA) | 1.27% | 0.26% | 0.51% | 5.03% | 18.08% | |
| Return on Capital Employed (ROCE) | 2.20% | 0.30% | 0.70% | 12.10% | 29.50% | 28.40% |
| Earnings Yield | -282.27% | -280.64% | -6.49% | |||
| FCF Yield | -29.30% | -353.52% | -530.73% | |||
| Dividend Yield | 4,563.11% | 635.26% | ||||
| Payout Ratio | 286.32% | 62.19% | 35.12% | |||
| Total Shareholder Return | 3,522.74% | 635.26% |