TOPS
Income statement / Annual
Last year (2025), Top Ships Inc's total revenue was $80.42 M,
a decrease of 6.63% from the previous year.
In 2025, Top Ships Inc's net income was $3.09 M.
See Top Ships Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$80.42 M |
$86.13 M |
$82.95 M |
$80.66 M |
$56.37 M |
$60.22 M |
$66.09 M |
$41.05 M |
$39.36 M |
$28.43 M |
| Cost of Revenue |
$43.47 M
|
$48.45 M
|
$34.49 M
|
$44.41 M
|
$35.87 M
|
$35.35 M
|
$37.44 M
|
$29.41 M
|
$28.13 M
|
$21.99 M
|
| Gross Profit |
$36.95 M
|
$37.68 M
|
$48.46 M
|
$36.25 M
|
$20.50 M
|
$24.87 M
|
$28.65 M
|
$11.63 M
|
$11.24 M
|
$6.44 M
|
| Gross Profit Ratio |
0.46
|
0.44
|
0.58
|
0.45
|
0.36
|
0.41
|
0.43
|
0.28
|
0.29
|
0.23
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$7.62 M
|
$7.51 M
|
$8.90 M
|
$1.62 M
|
$1.94 M
|
$9.51 M
|
$12.41 M
|
$15.52 M
|
$5.81 M
|
$2.91 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$10.84 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$7.62 M
|
$7.51 M
|
$19.74 M
|
$1.62 M
|
$1.94 M
|
$9.51 M
|
$12.41 M
|
$15.52 M
|
$5.81 M
|
$2.91 M
|
| Other Expenses |
$3.05 M
|
$2.27 M
|
$0.00
|
$2.09 M
|
$2.60 M
|
$4.80 M
|
$0.00
|
$0.00
|
$3.82 M
|
-$1.31 M
|
| Operating Expenses |
$10.67 M
|
$9.77 M
|
$19.74 M
|
$3.71 M
|
$4.54 M
|
$14.31 M
|
$12.41 M
|
$15.52 M
|
$9.62 M
|
$1.59 M
|
| Cost And Expenses |
$54.14 M
|
$58.22 M
|
$54.22 M
|
$48.12 M
|
$40.41 M
|
$49.66 M
|
$49.84 M
|
$44.94 M
|
$37.75 M
|
$23.59 M
|
| Interest Income |
$385.00 K
|
$467.00 K
|
$346.00 K
|
$48.00 K
|
$6.98 M
|
$34.00 K
|
$133.00 K
|
$130.00 K
|
$13.00 K
|
$0.00
|
| Interest Expense |
$16.03 M
|
$21.87 M
|
$22.99 M
|
$14.37 M
|
$8.20 M
|
$20.72 M
|
$17.80 M
|
$9.66 M
|
$15.79 M
|
$3.09 M
|
| Depreciation & Amortization |
$21.94 M
|
$23.15 M
|
$14.35 M
|
$13.29 M
|
$7.68 M
|
$13.21 M
|
$12.44 M
|
$6.76 M
|
$5.86 M
|
$3.59 M
|
| EBITDA |
$41.06 M |
$50.05 M |
$42.09 M |
$43.95 M |
$23.65 M |
$11.12 M |
$15.46 M |
$5.03 M |
$7.00 M |
$7.47 M |
| EBITDA Ratio |
0.51
|
0.58
|
0.51
|
0.54
|
0.42
|
0.18
|
0.23
|
0.12
|
0.18
|
0.26
|
| Operating Income Ratio |
0.33
|
0.32
|
0.35
|
0.4
|
0.28
|
0.18
|
0.26
|
-0.09
|
0.04
|
0.17
|
| Total Other Income/Expenses Net |
-$23.19 M
|
-$22.87 M
|
-$22.66 M
|
-$13.67 M
|
-$7.35 M
|
-$33.89 M
|
-$31.65 M
|
-$7.24 M
|
-$14.99 M
|
-$3.80 M
|
| Income Before Tax |
$3.09 M
|
$5.03 M
|
$6.07 M
|
$18.95 M
|
$8.62 M
|
-$22.82 M
|
-$14.77 M
|
-$11.42 M
|
-$13.35 M
|
$1.05 M
|
| Income Before Tax Ratio |
0.04
|
0.06
|
0.07
|
0.23
|
0.15
|
-0.38
|
-0.22
|
-0.28
|
-0.34
|
0.04
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.87 M
|
$11.08 M
|
$0.00
|
| Net Income |
$3.09 M
|
$5.03 M
|
$6.07 M
|
$18.95 M
|
$8.62 M
|
-$22.82 M
|
-$14.77 M
|
-$11.13 M
|
-$13.38 M
|
$1.05 M
|
| Net Income Ratio |
0.04
|
0.06
|
0.07
|
0.23
|
0.15
|
-0.38
|
-0.22
|
-0.27
|
-0.34
|
0.04
|
| EPS |
0.67 |
1.09 |
-12.44 |
-36.34 |
32.51 |
-293.7 |
-63502 |
-754095.18 |
-7547842.31 |
-351000 |
| EPS Diluted |
0.67 |
1.09 |
-12.44 |
-36.34 |
24.65 |
-293.7 |
-63502 |
-754095.18 |
-15132000 |
-351000 |
| Weighted Average Shares Out |
$4.63 M
|
$4.63 M
|
$1.80 M
|
$252.82 K
|
$165.97 K
|
$97.99 K
|
$487.93
|
$15.15
|
$74.00
|
$0.00
|
| Weighted Average Shares Out Diluted |
$4.63 M
|
$4.63 M
|
$1.80 M
|
$252.82 K
|
$218.95 K
|
$97.99 K
|
$487.93
|
$15.15
|
$74.00
|
$0.00
|
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