NASDAQ : PSHG
Performance Shipping Inc. — Financial statements
Industrials · Marine Shipping · Greece
Last price 1.63 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 20.26M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Performance Shipping Inc. (PSHG) reported revenue of 113.13M 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 | 113.13M | 84.17M | 87.44M | 108.94M | 75.17M | 36.49M |
| Cost of Revenue | 34.66M | 26.79M | 24.00M | 26.22M | 28.69M | 31.51M |
| Gross Profit | 78.46M | 57.39M | 63.45M | 82.71M | 46.48M | 4.99M |
| Selling, General & Admin | 10.27M | 9.70M | 8.31M | 8.04M | 6.75M | 5.78M |
| Operating Expenses | 31.15M | 24.81M | 21.64M | 22.80M | 16.07M | 13.41M |
| Operating Income | 47.32M | 32.58M | 41.81M | 59.92M | 30.42M | -8.43M |
| Interest Expense | -16.55M | -6.45M | -1.29M | -8.74M | -28.16M | -1.74M |
| Interest & Investment Income | 4.60M | 4.83M | 3.25M | 3.30M | 284.00K | 18.00K |
| Currency Exchange Gain (Loss) | 31.00K | -100.00K | -1.00K | -64.00K | 20.00K | -31.00K |
| Other Non Operating Income (Expenses) | -1.79M | -346.00K | -53.00K | -294.00K | -96.00K | -62.00K |
| EBT Excluding Unusual Items | 33.60M | 30.52M | 43.73M | 54.12M | 2.47M | -10.24M |
| Gain (Loss) on Sale of Investments | -6.00K | |||||
| Gain (Loss) on Sale of Assets | 19.46M | 15.68M | 9.54M | 137.00K | ||
| Other Unusual Items | -387.00K | |||||
| Pretax Income | 33.60M | 49.97M | 43.73M | 69.41M | 12.00M | -10.11M |
| Earnings From Continuing Operations | 33.60M | 49.97M | 43.73M | 69.41M | 12.00M | -10.11M |
| Earnings From Discontinued Operations | 400.00K | |||||
| Net Income | 33.60M | 49.97M | 43.73M | 69.41M | 12.00M | -9.71M |
| Net Income to Common | 36.04M | 49.97M | 43.73M | 69.41M | 12.00M | -9.71M |
| Shares Outstanding (Basic) | 12.43M | 12.43M | 12.37M | 10.49M | 1.85M | 335.09K |
| Shares Outstanding (Diluted) | 39.14M | 38.93M | 39.20M | 35.54M | 6.45M | 335.09K |
| EPS (Basic) | 2.90 | 4.02 | 3.54 | 6.62 | 6.49 | -28.97 |
| EPS (Diluted) | 0.92 | 1.28 | 1.12 | 1.91 | 3.02 | -28.97 |
| Free Cash Flow | -252.73M | -231.46M | 12.48M | 56.04M | -111.73M | -4.91M |
| Free Cash Flow Per Share | -6.46 | -5.95 | 0.32 | 1.58 | -17.33 | -14.65 |
| Gross Margin | 69.36% | 68.18% | 72.56% | 75.93% | 61.84% | 13.66% |
| Operating Margin | 41.83% | 38.71% | 47.82% | 55.00% | 40.47% | -23.10% |
| Profit Margin | 31.86% | 59.37% | 50.01% | 63.72% | 15.97% | -26.60% |
| Free Cash Flow Margin | -223.40% | -274.99% | 14.27% | 51.44% | -148.63% | -13.45% |
| EBITDA | 67.13M | 46.60M | 54.60M | 74.14M | 39.16M | -1.02M |
| EBITDA Margin | 59.34% | 55.36% | 62.44% | 68.05% | 52.09% | -2.81% |
| D&A For EBITDA | 19.82M | 14.02M | 12.79M | 14.22M | 8.74M | 7.40M |
| EBIT | 47.32M | 32.58M | 41.81M | 59.92M | 30.42M | -8.43M |
| EBIT Margin | 41.83% | 38.71% | 47.82% | 55.00% | 40.47% | -23.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 104.93M | 48.17M | 70.31M | 67.27M | 38.73M | 9.57M |
| Cash & Short-Term Investments | 104.93M | 48.17M | 70.31M | 67.27M | 38.73M | 9.57M |
| Receivables | 4.10M | 6.29M | 5.81M | 8.28M | 9.11M | 3.79M |
| Inventory | 2.50M | 949.00K | 549.00K | 2.20M | 3.04M | 4.29M |
| Prepaid Expenses | 2.95M | 2.40M | 1.98M | 2.16M | 2.52M | 1.67M |
| Restricted Cash | 500.00K | |||||
| Other Current Assets | 51.67M | 198.00K | 66.00K | 105.00K | ||
| Total Current Assets | 166.65M | 58.01M | 78.65M | 79.91M | 53.46M | 19.43M |
| Property, Plant & Equipment | 456.69M | 449.81M | 189.66M | 202.25M | 236.84M | 123.27M |
| Long-Term Deferred Charges | 585.00K | 2.21M | 2.39M | 1.80M | 1.15M | 1.41M |
| Other Long-Term Assets | 50.90M | 49.81M | 59.69M | 12.30M | 1.52M | 819.00K |
| Total Assets | 674.83M | 559.85M | 330.39M | 296.27M | 292.98M | 144.92M |
| Accounts Payable | 3.15M | 3.41M | 2.21M | 4.63M | 4.58M | 5.74M |
| Accrued Expenses | 9.55M | 9.24M | 3.44M | 3.22M | 3.22M | 1.47M |
| Current Portion of Long-Term Debt | 22.92M | 12.39M | 7.44M | 7.43M | 16.75M | 7.79M |
| Current Portion of Leases | 14.00K | 67.00K | 50.00K | 66.00K | 73.00K | 66.00K |
| Current Unearned Revenue | 5.95M | 930.00K | 1.38M | |||
| Other Current Liabilities | 1.08M | 1.08M | 789.00K | 98.00K | 120.00K | |
| Total Current Liabilities | 42.67M | 26.19M | 14.86M | 15.34M | 26.10M | 15.19M |
| Long-Term Debt | 287.11M | 209.94M | 40.02M | 47.46M | 110.93M | 42.11M |
| Long-Term Leases | 33.00K | 90.00K | 18.00K | |||
| Other Long-Term Liabilities | 1.66M | 292.00K | 273.00K | 246.00K | 156.00K | 262.00K |
| Total Liabilities | 331.45M | 236.42M | 55.15M | 63.08M | 137.27M | 57.58M |
| Common Stock | 124.00K | 124.00K | 124.00K | 123.00K | 42.00K | 3.00K |
| Additional Paid-In Capital | 530.56M | 534.27M | 534.27M | 534.11M | 513.62M | 457.49M |
| Retained Earnings | -187.42M | -211.08M | -259.22M | -301.12M | -358.04M | -370.14M |
| Comprehensive Income & Other | 102.00K | 102.00K | 53.00K | 49.00K | 66.00K | -2.00K |
| Total Common Equity | 343.37M | 323.42M | 275.23M | 233.17M | 155.69M | 87.35M |
| Shareholders' Equity | 343.38M | 323.43M | 275.24M | 233.18M | 155.71M | 87.35M |
| Total Liabilities & Equity | 674.83M | 559.85M | 330.39M | 296.27M | 292.98M | 144.92M |
| Total Debt | 310.05M | 222.40M | 47.51M | 54.98M | 127.84M | 49.98M |
| Net Cash (Debt) | -205.12M | -174.23M | 22.80M | 12.28M | -89.11M | -40.41M |
| Net Cash Per Share | -5.24 | -4.48 | 0.58 | 0.35 | -13.82 | -120.59 |
| Filing Date Shares Outstanding | 12.43M | 12.43M | 12.43M | 12.28M | 4.19M | 162.56K |
| Total Common Shares Outstanding | 12.43M | 12.43M | 12.43M | 12.28M | 4.19M | 338.85K |
| Working Capital | 123.98M | 31.82M | 63.79M | 64.57M | 27.36M | 4.24M |
| Book Value Per Share | 27.62 | 26.01 | 22.14 | 18.99 | 37.18 | 257.78 |
| Tangible Book Value | 343.37M | 323.42M | 275.23M | 233.17M | 155.69M | 87.35M |
| Tangible Book Value Per Share | 27.62 | 26.01 | 22.14 | 18.99 | 37.18 | 257.78 |
| Machinery | 501.89M | 497.84M | 228.39M | 228.16M | 254.30M | 136.78M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 33.60M | 49.97M | 43.73M | 69.41M | 12.00M | -9.71M |
| Depreciation & Amortization | 19.82M | 14.02M | 12.79M | 14.22M | 8.74M | 7.40M |
| Other Amortization | 2.60M | 1.87M | 655.00K | 815.00K | 946.00K | 211.00K |
| Loss (Gain) From Sale of Assets | -19.46M | -15.68M | -9.54M | -137.00K | ||
| Stock-Based Compensation | 52.00K | 107.00K | 268.00K | |||
| Other Operating Activities | -839.00K | -835.00K | -771.00K | -1.72M | 23.51M | -1.49M |
| Change in Accounts Receivable | -49.00K | -293.00K | 3.23M | 830.00K | -5.32M | -196.00K |
| Change in Inventory | -1.81M | -400.00K | 1.65M | 834.00K | 1.25M | -2.31M |
| Change in Accounts Payable | 231.00K | 934.00K | -2.67M | 16.00K | -293.00K | 3.23M |
| Change in Unearned Revenue | 5.08M | -930.00K | 930.00K | -1.38M | 1.38M | |
| Change in Other Net Operating Assets | 7.25M | 5.20M | 345.00K | 553.00K | 1.07M | -409.00K |
| Operating Cash Flow | 65.89M | 50.08M | 59.90M | 67.95M | 33.85M | -3.12M |
| Capital Expenditures | -318.61M | -281.54M | -47.41M | -11.91M | -145.58M | -1.78M |
| Sale of Property, Plant & Equipment | 36.95M | 37.64M | 32.63M | 1.01M | ||
| Investing Cash Flow | -318.61M | -244.59M | -47.41M | 25.72M | -112.95M | -770.00K |
| Short-Term Debt Issued | 5.00M | |||||
| Long-Term Debt Issued | 216.39M | 2.14M | 108.63M | |||
| Total Debt Issued | 312.89M | 216.39M | 2.14M | 113.63M | ||
| Short-Term Debt Repaid | -70.00K | |||||
| Long-Term Debt Repaid | -38.39M | -7.53M | -75.42M | -30.33M | -7.91M | |
| Total Debt Repaid | -42.19M | -38.39M | -7.53M | -75.42M | -30.40M | -7.91M |
| Net Debt Issued (Repaid) | 270.70M | 178.00M | -7.53M | -73.28M | 83.24M | -7.91M |
| Issuance of Common Stock | 158.00K | 12.44M | 27.89M | |||
| Repurchase of Common Stock | -2.75M | |||||
| Preferred Dividends Paid | -1.83M | -1.83M | -1.83M | -1.89M | -941.00K | |
| Dividends Paid | -1.83M | -1.83M | -1.83M | -1.89M | -941.00K | |
| Other Financing Activities | -5.72M | -3.71M | -226.00K | -140.00K | -932.00K | |
| Financing Cash Flow | 261.88M | 172.46M | -9.43M | -65.14M | 109.25M | -7.91M |
| Net Cash Flow | 9.15M | -22.05M | 3.05M | 28.54M | 30.15M | -11.80M |
| Free Cash Flow | -252.73M | -231.46M | 12.48M | 56.04M | -111.73M | -4.91M |
| Free Cash Flow Margin | -223.40% | -274.99% | 14.27% | 51.44% | -148.63% | -13.45% |
| Free Cash Flow Per Share | -6.46 | -5.95 | 0.32 | 1.58 | -17.33 | -14.65 |
| Levered Free Cash Flow | -318.86M | -244.46M | -4.82M | 35.82M | -137.31M | 1.33M |
| Unlevered Free Cash Flow | -310.06M | -241.24M | -4.12M | 41.04M | -120.11M | 2.27M |
| Cash Interest Paid | 12.18M | 4.22M | 3.53M | 9.13M | 3.12M | 1.61M |
| Change in Working Capital | 10.71M | 4.51M | 3.49M | 855.00K | -1.92M | 323.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.85M | 26.48M | 23.12M | 27.64M | 14.33M | 18.86M |
| Enterprise Value | 223.97M | 39.60M | 2.92M | 59.37M | 52.64M | 58.43M |
| Last Close Price | 1.63 | 2.13 | 1.86 | 2.27 | 3.54 | 55.65 |
| PE Ratio | 1.65 | 0.53 | 0.53 | 0.40 | 1.19 | |
| Forward PE | 1.98 | 2.06 | 1.74 | 1.50 | 2.12 | 4.19 |
| PS Ratio | 0.17 | 0.32 | 0.26 | 0.25 | 0.19 | 0.52 |
| PB Ratio | 0.06 | 0.08 | 0.08 | 0.12 | 0.09 | 0.22 |
| P/TBV Ratio | 0.06 | 0.08 | 0.08 | 0.12 | 0.09 | 0.22 |
| P/FCF Ratio | 1.85 | 0.49 | ||||
| P/OCF Ratio | 0.29 | 0.53 | 0.39 | 0.41 | 0.42 | |
| PEG Ratio | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | |
| EV/Sales Ratio | 1.98 | 0.47 | 0.03 | 0.55 | 0.70 | 1.60 |
| EV/EBITDA Ratio | 3.34 | 0.85 | 0.05 | 0.80 | 1.34 | |
| EV/EBIT Ratio | 4.74 | 1.22 | 0.07 | 0.99 | 1.73 | |
| EV/FCF Ratio | 0.23 | 1.06 | ||||
| Debt / Equity Ratio | 0.90 | 0.69 | 0.17 | 0.24 | 0.82 | 0.57 |
| Debt / EBITDA Ratio | 4.62 | 4.77 | 0.87 | 0.74 | 3.26 | |
| Debt / FCF Ratio | 3.81 | 0.98 | ||||
| Net Debt / Equity Ratio | 0.60 | 0.54 | -0.08 | -0.05 | 0.57 | 0.46 |
| Net Debt / EBITDA Ratio | 3.06 | 3.74 | -0.42 | -0.17 | 2.28 | -39.42 |
| Net Debt / FCF Ratio | -0.81 | -0.75 | -1.83 | -0.22 | -0.80 | -8.23 |
| Asset Turnover | 0.22 | 0.19 | 0.28 | 0.37 | 0.34 | 0.24 |
| Inventory Turnover | 21.77 | 35.76 | 17.44 | 10.01 | 7.83 | 10.05 |
| Quick Ratio | 2.56 | 2.08 | 5.12 | 4.92 | 1.83 | 0.88 |
| Current Ratio | 3.90 | 2.21 | 5.29 | 5.21 | 2.05 | 1.28 |
| Return on Equity (ROE) | 10.24% | 16.69% | 17.20% | 35.70% | 9.88% | -10.98% |
| Return on Assets (ROA) | 5.70% | 4.57% | 8.34% | 12.71% | 8.68% | -3.48% |
| Return on Capital Employed (ROCE) | 7.50% | 6.10% | 13.30% | 21.30% | 11.40% | -6.50% |
| Earnings Yield | 60.63% | 188.72% | 189.11% | 251.13% | 83.78% | -51.47% |
| FCF Yield | -1,303.10% | -874.08% | 53.97% | 202.75% | -779.84% | -26.03% |
| Payout Ratio | 3.66% | 4.19% | 2.72% | 7.84% | ||
| Buyback Yield / Dilution | -0.55% | 0.70% | -10.30% | -451.20% | -1,824.20% | -1.63% |
| Total Shareholder Return | -0.55% | 0.70% | -10.30% | -451.20% | -1,824.20% | -1.63% |