NASDAQ : SVRN
OceanPal Inc. — Financial statements
Industrials · Marine Shipping · Greece
Last price 31.13 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 58.39M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
OceanPal Inc. (SVRN) reported revenue of 13.40M 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 | 13.40M | 13.40M | 25.70M | 18.96M | 19.09M | 4.37M |
| Cost of Revenue | 9.70M | 9.70M | 16.29M | 13.42M | 10.56M | 2.16M |
| Gross Profit | 3.70M | 3.70M | 9.41M | 5.54M | 8.53M | 2.20M |
| Selling, General & Admin | 26.60M | 26.60M | 14.30M | 6.52M | 3.96M | 901.02K |
| Other Operating Expenses | -700.00K | -700.00K | -81.00K | 131.00K | -6.00K | 709.00 |
| Operating Expenses | 31.70M | 31.70M | 21.42M | 14.32M | 8.85M | 1.85M |
| Operating Income | -28.00M | -28.00M | -12.01M | -8.78M | -326.00K | 350.73K |
| Interest Expense | -1.60M | -1.60M | -109.00K | |||
| Interest & Investment Income | 700.00K | 700.00K | 312.00K | 504.00K | ||
| Earnings From Equity Investments | -100.00K | -100.00K | -50.00K | 2.00K | ||
| Other Non Operating Income (Expenses) | -32.80M | -32.80M | 30.00K | 5.24M | ||
| EBT Excluding Unusual Items | -61.80M | -61.80M | -11.82M | -3.04M | -326.00K | 350.73K |
| Gain (Loss) on Sale of Assets | -3.40M | -3.40M | -7.00K | |||
| Asset Writedown | -6.12M | |||||
| Pretax Income | -65.20M | -65.20M | -17.86M | -1.98M | -326.00K | 350.73K |
| Net Income | -65.20M | -65.20M | -17.86M | -1.98M | -326.00K | 350.73K |
| Preferred Dividends & Other Adjustments | 4.80M | 4.80M | 1.87M | 4.73M | 2.35M | 69.00K |
| Net Income to Common | -70.00M | -70.00M | -19.73M | -6.71M | -2.67M | 281.73K |
| Shares Outstanding (Basic) | 385.06K | 385.06K | 14.93K | |||
| Shares Outstanding (Diluted) | 385.06K | 385.06K | 14.93K | |||
| EPS (Basic) | -181.79 | -181.79 | -1,321.43 | |||
| EPS (Diluted) | -181.79 | -181.79 | -1,321.43 | |||
| Free Cash Flow | -22.44M | -3.55M | -3.58M | 2.33M | ||
| Free Cash Flow Per Share | -1,502.75 | |||||
| Dividend Per Share | 2.00K | 6.67K | ||||
| Gross Margin | 27.61% | 27.61% | 36.63% | 29.21% | 44.67% | 50.44% |
| Operating Margin | -208.96% | -208.96% | -46.72% | -46.31% | -1.71% | 8.03% |
| Profit Margin | -522.39% | -522.39% | -76.76% | -35.38% | -14.01% | 6.45% |
| Free Cash Flow Margin | -87.29% | -18.74% | -18.76% | 53.33% | ||
| EBITDA | -22.17M | -22.17M | -6.18M | -1.84M | 4.57M | 1.30M |
| EBITDA Margin | -165.45% | -165.45% | -24.04% | -9.71% | 23.95% | 29.79% |
| D&A For EBITDA | 5.83M | 5.83M | 5.83M | 6.94M | 4.90M | 949.95K |
| EBIT | -28.00M | -28.00M | -12.01M | -8.78M | -326.00K | 350.73K |
| EBIT Margin | -208.96% | -208.96% | -46.72% | -46.31% | -1.71% | 8.03% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.20M | 33.20M | 7.16M | 14.84M | 8.45M | 1.67M |
| Cash & Short-Term Investments | 33.20M | 33.20M | 7.16M | 14.84M | 8.45M | 1.67M |
| Accounts Receivable | 3.06M | 2.96M | 4.25M | 811.00K | ||
| Other Receivables | 3.70M | 3.70M | 92.00K | 1.06M | 5.00K | 70.00K |
| Receivables | 3.70M | 3.70M | 3.16M | 4.02M | 4.26M | 881.00K |
| Inventory | 1.60M | 287.00K | 334.00K | 186.00K | ||
| Prepaid Expenses | 2.08M | 779.00K | 1.13M | 460.00K | ||
| Other Current Assets | 81.90M | 81.90M | 116.00K | 116.00K | ||
| Total Current Assets | 118.80M | 118.80M | 14.11M | 20.04M | 14.17M | 3.20M |
| Property, Plant & Equipment | 40.80M | 40.80M | 71.26M | 71.10M | 63.67M | 45.73M |
| Long-Term Investments | 2.97M | 1.65M | ||||
| Long-Term Deferred Charges | 1.12M | 2.06M | 1.18M | 152.00K | ||
| Other Long-Term Assets | 5.90M | 5.90M | ||||
| Total Assets | 165.50M | 165.50M | 89.46M | 94.84M | 79.02M | 49.08M |
| Accounts Payable | 1.85M | 405.00K | 281.00K | 263.00K | ||
| Accrued Expenses | 2.88M | 1.37M | 1.56M | 440.00K | ||
| Current Unearned Revenue | 184.00K | 399.00K | 374.00K | 228.00K | ||
| Other Current Liabilities | 8.90M | 8.90M | 177.00K | 110.00K | 240.00K | |
| Total Current Liabilities | 8.90M | 8.90M | 5.09M | 2.29M | 2.46M | 931.00K |
| Total Liabilities | 8.90M | 8.90M | 5.09M | 2.29M | 2.46M | 931.00K |
| Common Stock | 156.60M | 156.60M | 75.00K | 74.00K | 5.00K | 9.00K |
| Additional Paid-In Capital | 110.20M | 100.50M | 78.87M | 48.07M | ||
| Retained Earnings | -25.91M | -8.02M | -2.32M | 65.00K | ||
| Total Common Equity | 156.60M | 156.60M | 84.36M | 92.55M | 76.55M | 48.14M |
| Shareholders' Equity | 156.60M | 156.60M | 84.37M | 92.56M | 76.56M | 48.15M |
| Total Liabilities & Equity | 165.50M | 165.50M | 89.46M | 94.84M | 79.02M | 49.08M |
| Net Cash (Debt) | 33.20M | 33.20M | 7.16M | 14.84M | 8.45M | 1.67M |
| Net Cash Per Share | 86.22 | 86.22 | 479.57 | |||
| Filing Date Shares Outstanding | 755.10K | 755.10K | 15.01K | 14.90K | ||
| Total Common Shares Outstanding | 755.10K | 755.10K | 15.01K | 14.90K | ||
| Working Capital | 109.90M | 109.90M | 9.02M | 17.76M | 11.71M | 2.27M |
| Book Value Per Share | 207.39 | 207.39 | 5,620.59 | 6,212.93 | ||
| Tangible Book Value | 156.60M | 156.60M | 84.36M | 92.55M | 76.55M | 48.14M |
| Tangible Book Value Per Share | 207.39 | 207.39 | 5,620.59 | 6,212.93 | ||
| Machinery | 82.46M | 83.14M | 68.78M | 46.08M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -17.86M | -1.98M | -326.00K | 350.73K | ||
| Depreciation & Amortization | 5.83M | 6.94M | 4.90M | 949.95K | ||
| Other Amortization | 1.37M | 730.00K | ||||
| Loss (Gain) From Sale of Assets | 7.00K | |||||
| Asset Writedown & Restructuring Costs | 6.12M | |||||
| Loss (Gain) From Sale of Investments | 50.00K | -2.00K | ||||
| Stock-Based Compensation | 2.78M | 1.89M | 568.00K | |||
| Other Operating Activities | -5.31M | |||||
| Change in Accounts Receivable | -101.00K | 1.29M | -3.44M | 525.20K | ||
| Change in Inventory | -1.31M | 47.00K | -148.00K | 42.14K | ||
| Change in Accounts Payable | 1.45M | 124.00K | 18.00K | 336.53K | ||
| Change in Unearned Revenue | -215.00K | 25.00K | 146.00K | 345.95K | ||
| Change in Other Net Operating Assets | -1.64M | -2.94M | -200.00K | -164.86K | ||
| Operating Cash Flow | -3.53M | 815.00K | 1.51M | 2.39M | ||
| Capital Expenditures | -18.91M | -4.37M | -5.09M | -56.74K | ||
| Sale of Property, Plant & Equipment | 17.77M | |||||
| Investment in Securities | -1.38M | -1.64M | ||||
| Investing Cash Flow | -2.52M | -6.01M | -5.09M | -56.74K | ||
| Issuance of Common Stock | 15.15M | 16.20M | ||||
| Preferred Dividends Paid | -1.64M | -2.09M | -897.00K | |||
| Common Dividends Paid | -3.10M | -1.67M | ||||
| Dividends Paid | -1.64M | -2.09M | -4.00M | -1.67M | ||
| Other Financing Activities | -1.51M | -1.83M | 1.00M | |||
| Financing Cash Flow | -1.64M | 11.58M | 10.36M | -674.73K | ||
| Net Cash Flow | -7.68M | 6.39M | 6.78M | 1.65M | ||
| Free Cash Flow | -22.44M | -3.55M | -3.58M | 2.33M | ||
| Free Cash Flow Margin | -87.29% | -18.74% | -18.76% | 53.33% | ||
| Free Cash Flow Per Share | -1,502.75 | |||||
| Levered Free Cash Flow | -15.45M | 48.50K | -2.50M | 2.83M | ||
| Unlevered Free Cash Flow | -15.38M | 48.50K | -2.50M | 2.83M | ||
| Change in Working Capital | -1.82M | -1.46M | -3.62M | 1.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 33.35M | 33.61M | 8.71M | 16.61M | 3.31M | 17.86M |
| Enterprise Value | 152.01K | 7.85M | 4.45M | 1.09M | -6.96M | 17.82M |
| Last Close Price | 17.78 | 21.60 | 580.00 | 1,115.00 | 11,100.00 | 182,756.66 |
| PE Ratio | 63.41 | |||||
| PS Ratio | 2.49 | 2.51 | 0.34 | 0.88 | 0.17 | 4.09 |
| PB Ratio | 0.09 | 0.21 | 0.10 | 0.18 | 0.04 | 0.37 |
| P/TBV Ratio | 0.21 | 0.21 | 0.10 | 0.18 | 0.04 | 0.37 |
| P/FCF Ratio | 7.67 | |||||
| P/OCF Ratio | 20.38 | 2.19 | 7.49 | |||
| EV/Sales Ratio | 0.01 | 0.59 | 0.17 | 0.06 | 4.08 | |
| EV/EBITDA Ratio | 13.70 | |||||
| EV/EBIT Ratio | 50.82 | |||||
| EV/FCF Ratio | 7.65 | |||||
| Net Debt / Equity Ratio | -0.21 | -0.21 | -0.09 | -0.16 | -0.11 | -0.04 |
| Net Debt / EBITDA Ratio | 1.50 | 1.50 | 1.16 | 8.07 | -1.85 | -1.29 |
| Net Debt / FCF Ratio | 0.32 | 4.18 | 2.36 | -0.72 | ||
| Asset Turnover | 0.10 | 0.10 | 0.28 | 0.22 | 0.30 | 0.10 |
| Inventory Turnover | 17.28 | 43.22 | 40.62 | 11.76 | ||
| Quick Ratio | 4.15 | 4.15 | 2.03 | 8.25 | 5.17 | 2.74 |
| Current Ratio | 13.35 | 13.35 | 2.77 | 8.77 | 5.76 | 3.44 |
| Return on Equity (ROE) | -54.12% | -54.12% | -20.19% | -2.34% | -0.52% | 0.84% |
| Return on Assets (ROA) | -13.73% | -13.73% | -8.14% | -6.31% | -0.32% | 0.51% |
| Return on Capital Employed (ROCE) | -17.90% | -17.90% | -14.20% | -9.50% | -0.40% | 0.70% |
| Earnings Yield | -1,022.44% | -193.98% | -205.19% | -11.90% | -9.86% | 1.96% |
| FCF Yield | -3.90% | -257.73% | -21.39% | -108.26% | 13.04% | |
| Dividend Yield | 18.02% | 3.65% | ||||
| Payout Ratio | 477.50% | |||||
| Buyback Yield / Dilution | -2,479.11% | -2,479.11% | ||||
| Total Shareholder Return | -2,479.11% | -2,479.11% | 18.02% | 3.65% |