NASDAQ : SHIP
Seanergy Maritime Holdings Corp. — Financial statements
Industrials · Marine Shipping · Greece
Last price 15.91 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 344.74M
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Financial statements
Seanergy Maritime Holdings Corp. (SHIP) reported revenue of 194.21M 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 | 194.21M | 158.10M | 167.46M | 110.23M | 125.02M | 153.11M |
| Cost of Revenue | 63.18M | 64.71M | 54.48M | 49.27M | 52.72M | 55.59M |
| Gross Profit | 131.03M | 93.39M | 112.97M | 60.97M | 72.30M | 97.51M |
| Selling, General & Admin | 26.66M | 21.54M | 24.73M | 22.85M | 18.78M | 15.17M |
| Operating Expenses | 58.83M | 52.29M | 50.22M | 47.52M | 42.20M | 32.33M |
| Operating Income | 72.19M | 41.10M | 62.75M | 13.44M | 30.10M | 65.19M |
| Interest Expense | -19.76M | -21.54M | -20.46M | -20.50M | -15.16M | -17.38M |
| Interest & Investment Income | 2.00M | 1.37M | 2.10M | 2.44M | 1.36M | 161.00K |
| Currency Exchange Gain (Loss) | -86.00K | -86.00K | 58.00K | -276.00K | -10.00K | -81.00K |
| Other Non Operating Income (Expenses) | -405.00K | -247.00K | -318.00K | -380.00K | -587.00K | -376.00K |
| EBT Excluding Unusual Items | 53.94M | 20.60M | 44.12M | -5.27M | 15.70M | 47.51M |
| Gain (Loss) on Sale of Assets | 10.97M | 2.31M | 8.09M | 697.00K | ||
| Other Unusual Items | -3.81M | -1.66M | -653.00K | -540.00K | 1.51M | -6.86M |
| Pretax Income | 61.10M | 21.24M | 43.47M | 2.28M | 17.21M | 41.35M |
| Income Tax Expense | -28.00K | |||||
| Net Income | 61.10M | 21.24M | 43.47M | 2.28M | 17.24M | 41.35M |
| Preferred Dividends & Other Adjustments | 1.10M | 412.00K | 1.53M | 71.00K | 332.00K | |
| Net Income to Common | 60.00M | 20.83M | 41.94M | 2.21M | 16.91M | 41.35M |
| Shares Outstanding (Basic) | 20.85M | 20.47M | 19.75M | 18.39M | 17.44M | 15.33M |
| Shares Outstanding (Diluted) | 20.92M | 20.54M | 19.88M | 18.44M | 17.68M | 19.13M |
| EPS (Basic) | 2.88 | 1.02 | 2.12 | 0.12 | 0.97 | 2.70 |
| EPS (Diluted) | 2.86 | 1.01 | 2.11 | 0.12 | 0.96 | 2.50 |
| Free Cash Flow | 8.81M | 17.02M | 927.00K | 30.83M | -33.16M | -116.56M |
| Free Cash Flow Per Share | 0.42 | 0.83 | 0.05 | 1.67 | -1.88 | -6.09 |
| Dividend Per Share | 0.88 | 0.43 | 0.64 | 0.10 | 0.78 | 0.25 |
| Gross Margin | 67.47% | 59.07% | 67.46% | 55.31% | 57.83% | 63.69% |
| Operating Margin | 37.17% | 26.00% | 37.47% | 12.20% | 24.08% | 42.58% |
| Profit Margin | 30.90% | 13.18% | 25.05% | 2.01% | 13.52% | 27.01% |
| Free Cash Flow Margin | 4.54% | 10.76% | 0.55% | 27.97% | -26.53% | -76.13% |
| EBITDA | 102.60M | 71.86M | 88.24M | 38.12M | 53.52M | 82.34M |
| EBITDA Margin | 52.83% | 45.45% | 52.70% | 34.58% | 42.81% | 53.78% |
| D&A For EBITDA | 30.41M | 30.76M | 25.49M | 24.68M | 23.42M | 17.15M |
| EBIT | 72.19M | 41.10M | 62.75M | 13.44M | 30.10M | 65.19M |
| EBIT Margin | 37.17% | 26.00% | 37.47% | 12.20% | 24.08% | 42.58% |
| Revenue as Reported | 194.21M | 158.10M | 167.46M | 110.23M | 125.02M | 153.11M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.06M | 48.24M | 21.87M | 19.38M | 26.03M | 41.50M |
| Short-Term Investments | 1.50M | |||||
| Trading Asset Securities | 46.00K | |||||
| Cash & Short-Term Investments | 48.06M | 48.29M | 21.87M | 19.38M | 26.03M | 43.00M |
| Accounts Receivable | 3.80M | 871.00K | 404.00K | 896.00K | 720.00K | |
| Other Receivables | 6.63M | 9.10M | 7.27M | 308.00K | 829.00K | |
| Receivables | 10.43M | 9.97M | 7.67M | 1.20M | 1.55M | |
| Inventory | 1.84M | 1.63M | 1.69M | 1.56M | 2.00M | 1.45M |
| Prepaid Expenses | 2.88M | 3.44M | 3.53M | 1.24M | 1.10M | 1.12M |
| Restricted Cash | 5.11M | 8.11M | 8.05M | 50.00K | 1.65M | 1.18M |
| Other Current Assets | 3.79M | 3.44M | 3.09M | 1.66M | 29.33M | 434.00K |
| Total Current Assets | 72.11M | 74.89M | 45.90M | 25.09M | 61.64M | 47.18M |
| Property, Plant & Equipment | 513.66M | 507.03M | 485.04M | 440.87M | 435.04M | 427.12M |
| Long-Term Investments | 830.00K | 830.00K | ||||
| Other Intangible Assets | 1.18M | 67.00K | 60.00K | |||
| Long-Term Deferred Charges | 23.20M | 17.43M | 6.13M | 6.40M | 10.76M | 8.61M |
| Other Long-Term Assets | 10.21M | 6.33M | 8.73M | 5.53M | 6.15M | 4.30M |
| Total Assets | 643.46M | 606.58M | 545.85M | 477.88M | 513.60M | 487.21M |
| Accounts Payable | 8.96M | 13.12M | 7.11M | 5.49M | 7.83M | 5.76M |
| Accrued Expenses | 15.55M | 12.22M | 9.63M | 7.74M | 8.37M | 5.17M |
| Current Portion of Long-Term Debt | 46.79M | 54.94M | 37.40M | 31.78M | 45.88M | 69.24M |
| Current Portion of Leases | 93.00K | 98.00K | 93.00K | 21.88M | 108.00K | 121.00K |
| Current Unearned Revenue | 2.57M | 4.93M | 2.09M | 2.14M | 14.92M | 7.74M |
| Other Current Liabilities | 6.71M | 2.75M | 5.30M | 491.00K | 17.54M | |
| Total Current Liabilities | 80.68M | 88.06M | 61.62M | 69.52M | 94.65M | 88.03M |
| Long-Term Debt | 17.28M | 106.16M | 220.19M | 179.01M | 196.82M | 153.50M |
| Long-Term Leases | 230.87M | 129.17M | 189.00K | 300.00K | 391.00K | 529.00K |
| Long-Term Unearned Revenue | 67.00K | 254.00K | 35.00K | 538.00K | ||
| Other Long-Term Liabilities | 1.53M | 1.80M | 1.61M | 353.00K | 130.00K | |
| Total Liabilities | 330.35M | 325.20M | 283.67M | 249.43M | 291.90M | 242.74M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 605.35M | 600.85M | 595.95M | 590.13M | 583.69M | 597.72M |
| Retained Earnings | -292.24M | -319.46M | -333.77M | -361.69M | -361.99M | -353.25M |
| Shareholders' Equity | 313.11M | 281.38M | 262.18M | 228.44M | 221.70M | 244.48M |
| Total Liabilities & Equity | 643.46M | 606.58M | 545.85M | 477.88M | 513.60M | 487.21M |
| Total Debt | 295.03M | 290.37M | 257.87M | 232.97M | 243.21M | 223.40M |
| Net Cash (Debt) | -246.96M | -242.08M | -236.00M | -213.59M | -217.18M | -180.40M |
| Net Cash Per Share | -11.81 | -11.79 | -11.87 | -11.58 | -12.28 | -9.43 |
| Filing Date Shares Outstanding | 21.67M | 21.67M | 20.90M | 20.51M | 20.01M | 17.83M |
| Total Common Shares Outstanding | 21.67M | 21.11M | 20.37M | 19.64M | 18.19M | 17.30M |
| Working Capital | -8.56M | -13.17M | -15.72M | -44.43M | -33.01M | -40.86M |
| Book Value Per Share | 14.45 | 13.33 | 12.87 | 11.63 | 12.19 | 14.13 |
| Tangible Book Value | 311.93M | 281.32M | 262.12M | 228.44M | 221.70M | 244.48M |
| Tangible Book Value Per Share | 14.40 | 13.32 | 12.87 | 11.63 | 12.19 | 14.13 |
| Machinery | 578.33M | 651.54M | 610.14M | 511.94M | 511.52M | 488.05M |
| Construction In Progress | 70.16M | 118.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 61.10M | 21.24M | 43.47M | 2.28M | 17.24M | 41.35M |
| Depreciation & Amortization | 30.41M | 30.76M | 25.49M | 24.68M | 23.42M | 17.15M |
| Other Amortization | 9.05M | 7.28M | 5.93M | 6.40M | 7.74M | 9.34M |
| Loss (Gain) From Sale of Assets | -2.31M | -2.31M | -8.09M | -2.80M | -697.00K | |
| Stock-Based Compensation | 4.07M | 4.07M | 4.99M | 9.15M | 7.18M | 5.10M |
| Other Operating Activities | -11.25M | 1.62M | 653.00K | 540.00K | 1.29M | 6.86M |
| Change in Accounts Receivable | -467.00K | -467.00K | 492.00K | -176.00K | -839.00K | 801.00K |
| Change in Inventory | 28.00K | 28.00K | -135.00K | 219.00K | -840.00K | 3.20M |
| Change in Accounts Payable | 5.34M | 5.34M | 1.48M | -2.22M | -589.00K | 348.00K |
| Change in Unearned Revenue | 2.77M | 2.77M | -230.00K | 123.00K | -5.97M | 989.00K |
| Change in Other Net Operating Assets | -17.73M | -17.73M | -6.86M | -1.57M | -8.55M | -3.68M |
| Operating Cash Flow | 81.02M | 52.61M | 75.28M | 31.32M | 37.29M | 80.76M |
| Capital Expenditures | -72.21M | -35.59M | -74.35M | -490.00K | -70.45M | -197.32M |
| Sale of Property, Plant & Equipment | 35.40M | 21.59M | 23.91M | 12.69M | 12.60M | |
| Investment in Securities | -830.00K | -830.00K | 1.50M | 100.00K | ||
| Other Investing Activities | 3.11M | -219.00K | -4.41M | 1.32M | ||
| Investing Cash Flow | -38.56M | -23.35M | -79.37M | 17.75M | -56.26M | -184.62M |
| Long-Term Debt Issued | 155.84M | 120.78M | 53.75M | 124.80M | 180.32M | |
| Total Debt Issued | 179.73M | 155.84M | 120.78M | 53.75M | 124.80M | 180.32M |
| Long-Term Debt Repaid | -147.08M | -94.82M | -100.52M | -99.70M | -146.01M | |
| Total Debt Repaid | -177.45M | -147.08M | -94.82M | -100.52M | -99.70M | -146.01M |
| Net Debt Issued (Repaid) | 2.28M | 8.76M | 25.96M | -46.77M | 25.10M | 34.31M |
| Issuance of Common Stock | 845.00K | 845.00K | 5.82M | 8.00K | 70.00K | 98.30M |
| Repurchase of Common Stock | -4.85M | -1.70M | -1.71M | |||
| Common Dividends Paid | -9.18M | -9.49M | -10.75M | -6.03M | -17.92M | |
| Other Financing Activities | -2.33M | -1.64M | -2.10M | -2.13M | -1.42M | -3.72M |
| Financing Cash Flow | -8.39M | -1.52M | 14.08M | -56.62M | 5.83M | 127.44M |
| Net Cash Flow | 34.08M | 27.74M | 9.99M | -7.55M | -13.15M | 23.57M |
| Free Cash Flow | 8.81M | 17.02M | 927.00K | 30.83M | -33.16M | -116.56M |
| Free Cash Flow Margin | 4.54% | 10.76% | 0.55% | 27.97% | -26.53% | -76.13% |
| Free Cash Flow Per Share | 0.42 | 0.83 | 0.05 | 1.67 | -1.88 | -6.09 |
| Levered Free Cash Flow | 8.67M | 25.07M | -21.56M | 32.42M | -24.22M | -124.63M |
| Unlevered Free Cash Flow | 19.14M | 36.65M | -10.50M | 42.99M | -17.61M | -120.31M |
| Cash Interest Paid | 15.08M | 19.62M | 20.05M | 18.43M | 11.71M | 11.17M |
| Change in Working Capital | -10.05M | -10.05M | -5.25M | -3.62M | -16.79M | 1.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 344.74M | 194.88M | 142.40M | 153.74M | 90.14M | 158.97M |
| Enterprise Value | 591.70M | 445.54M | 339.19M | 360.96M | 308.11M | 328.28M |
| Last Close Price | 15.91 | 8.77 | 6.33 | 6.57 | 4.08 | 6.37 |
| PE Ratio | 5.56 | 9.36 | 3.40 | 69.54 | 5.33 | 3.85 |
| Forward PE | 5.57 | 5.99 | 4.46 | 8.11 | 11.01 | 2.19 |
| PS Ratio | 1.78 | 1.23 | 0.85 | 1.40 | 0.72 | 1.04 |
| PB Ratio | 1.10 | 0.69 | 0.54 | 0.67 | 0.41 | 0.65 |
| P/TBV Ratio | 1.11 | 0.69 | 0.54 | 0.67 | 0.41 | 0.65 |
| P/FCF Ratio | 39.12 | 11.45 | 153.61 | 4.99 | ||
| P/OCF Ratio | 4.25 | 3.71 | 1.89 | 4.91 | 2.42 | 1.97 |
| EV/Sales Ratio | 3.05 | 2.82 | 2.03 | 3.27 | 2.46 | 2.14 |
| EV/EBITDA Ratio | 5.77 | 6.20 | 3.84 | 9.47 | 5.76 | 3.99 |
| EV/EBIT Ratio | 8.20 | 10.84 | 5.41 | 26.85 | 10.24 | 5.04 |
| EV/FCF Ratio | 67.15 | 26.18 | 365.90 | 11.71 | ||
| Debt / Equity Ratio | 0.94 | 1.03 | 0.98 | 1.02 | 1.10 | 0.91 |
| Debt / EBITDA Ratio | 2.87 | 4.03 | 2.92 | 6.09 | 4.53 | 2.71 |
| Debt / FCF Ratio | 33.48 | 17.06 | 278.18 | 7.56 | ||
| Net Debt / Equity Ratio | 0.79 | 0.86 | 0.90 | 0.94 | 0.98 | 0.74 |
| Net Debt / EBITDA Ratio | 2.41 | 3.37 | 2.67 | 5.60 | 4.06 | 2.19 |
| Net Debt / FCF Ratio | 28.03 | 14.22 | 254.59 | 6.93 | -6.55 | -1.55 |
| Asset Turnover | 0.31 | 0.27 | 0.33 | 0.22 | 0.25 | 0.39 |
| Inventory Turnover | 35.23 | 38.90 | 33.51 | 27.72 | 30.63 | 18.23 |
| Quick Ratio | 0.72 | 0.66 | 0.48 | 0.30 | 0.29 | 0.49 |
| Current Ratio | 0.89 | 0.85 | 0.74 | 0.36 | 0.65 | 0.54 |
| Return on Equity (ROE) | 21.41% | 7.82% | 17.72% | 1.01% | 7.40% | 24.31% |
| Return on Assets (ROA) | 7.27% | 4.46% | 7.66% | 1.70% | 3.76% | 10.41% |
| Return on Capital Employed (ROCE) | 12.80% | 7.90% | 13.00% | 3.30% | 7.20% | 16.30% |
| Earnings Yield | 18.00% | 10.90% | 30.53% | 1.48% | 19.12% | 26.01% |
| FCF Yield | 2.56% | 8.73% | 0.65% | 20.05% | -36.79% | -73.32% |
| Dividend Yield | 2.70% | 4.66% | 9.09% | 1.28% | 15.64% | 2.72% |
| Payout Ratio | 30.74% | 44.67% | 24.73% | 264.29% | 103.97% | |
| Buyback Yield / Dilution | -3.68% | -3.31% | -7.79% | -4.29% | 7.58% | -472.25% |
| Total Shareholder Return | -0.97% | 1.35% | 1.29% | -3.01% | 23.22% | -469.52% |