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Pangaea Logistics Solutions Ltd.

CIK: 1606909 SIC: 4412
$632.04M
Revenue
$19.37M
Net Income
-
Gross Margin
6.48%
Op. Margin
$59.41M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 12 annual reports available (2014 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $632.04M $632.04M $536.54M $499.27M $699.71M $718.10M
Revenue Growth % 0.0% 17.8% 7.5% -28.6% -2.6% nan%
Operating Expenses $591.10M $591.10M $488.09M $454.65M $594.20M $639.23M
+ Operating Income $40.94M $40.94M $48.45M $44.62M $105.51M $78.87M
Operating Margin % 6.5% 6.5% 9.0% 8.9% 15.1% 11.0%
Interest Expense - $24.01M $17.07M $17.03M $14.77M $10.33M
Other Income/Expense $2.95M $2.95M $1.43M $761.49K $807.14K $1.13M
Income Tax Expense - $366.00K $389.00K - - -
+ Net Income $19.37M $19.37M $28.90M $26.32M $79.49M $67.23M
Net Margin % 3.1% 3.1% 5.4% 5.3% 11.4% 9.4%
Basic EPS nan 0.30 0.64 0.59 1.79 1.53
Diluted EPS nan 0.30 0.63 0.58 1.76 1.50
Basic Shares Outstanding -98K 63.8M 45.4M 44.8M 44.4M 44.0M
Diluted Shares Outstanding -306K 64.7M 46.0M 45.5M 45.1M 44.8M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $103.05M $86.81M $99.04M $128.38M $56.21M
Accounts Receivable $55.85M $42.37M $47.89M $36.76M $54.26M
Inventory $28.39M $32.85M $16.56M $29.10M $27.15M
Other Current Assets $4.89M $4.44M $28.34M $28.27M $46.35M
Total Current Assets $215.78M $191.99M $191.83M $222.51M $183.96M
Property Plant & Equipment $677.52M $707.83M $474.27M $476.52M $471.91M
Goodwill $3.10M $3.10M $3.10M - -
Intangible Assets $1.68M - - - -
Other Non-current Assets $4.56M $4.76M $5.59M $5.28M $3.96M
Total Assets $928.10M $936.46M $705.18M $748.24M $707.02M
Accounts Payable $14.33M $14.82M - - -
Deferred Revenue $24.89M $15.45M $15.63M $20.88M $32.21M
Total Current Liabilities $128.03M $109.11M $105.33M $92.21M $111.74M
Long-term Debt $114.07M $129.30M - - -
Other Non-current Liabilities - - $17.94M $19.97M $17.81M
Common Stock $7.00K $6.50K $4.65K $4.59K $4.56K
Retained Earnings $172.25M $169.16M $159.03M $151.33M $85.66M
Total Stockholders Equity $429.33M $427.82M $323.89M $314.23M $247.20M
Total Liabilities & Equity $928.10M $936.46M $705.18M $748.24M $707.02M
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $19.37M $19.37M $28.90M $26.32M $79.49M $67.23M
Depreciation & Amortization $72.92M $42.48M $30.38M $30.07M $29.49M $22.97M
Stock-based Compensation $7.72M $4.11M $2.79M $2.09M $1.77M $2.10M
Change in Receivables $29.75M $15.02M $-3.69M $14.08M $-15.13M $26.67M
Change in Inventory $4.46M $-4.46M $11.03M $-12.55M $1.96M $11.18M
Operating Cash Flow $59.41M $53.73M $65.69M $53.79M $134.80M $61.75M
Acquisitions - - - $7.20M - -
Investing Cash Flow $8.54M $11.41M $-67.69M $-15.98M $-28.51M $-197.79M
Dividends Paid $32.91M $16.30M $18.71M $18.10M $13.41M $5.54M
Financing Cash Flow $-101.84M $-48.62M $-10.23M $-67.15M $-34.12M $143.86M
Net Change in Cash $-33.89M $16.52M $-12.23M $-29.35M $72.18M $7.81M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $168.67M $153.12M $448.16M $389.36M
Operating Expenses $151.75M $138.11M $424.66M $355.72M
Operating Income $16.92M $15.00M $23.50M $33.64M
Other Income/Expense $954.49K $551.02K $1.83M $1.23M
Net Income $12.21M $5.11M $7.49M $20.47M
Basic EPS 0.19 0.11 0.12 0.45
Diluted EPS 0.19 0.11 0.12 0.45
Basic Shares Outstanding $63.73M $45.28M $63.90M $45.26M
Diluted Shares Outstanding $64.82M $46.01M $65.01M $45.95M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $94.02M $86.81M
Accounts Receivable $45.57M $42.37M
Inventory $36.14M $32.85M
Other Current Assets $30.26M $29.97M
Total Current Assets $212.62M $191.99M
Property Plant & Equipment $683.94M $707.83M
Goodwill $3.10M $3.10M
Other Non-current Assets $4.80M $4.76M
Total Assets $932.15M $936.46M
Deferred Revenue $18.29M $15.45M
Total Current Liabilities $130.93M $109.11M
Common Stock $6.52K $6.50K
Retained Earnings $163.59M $169.16M
Total Stockholders Equity $420.26M $427.82M
Total Liabilities & Equity $932.15M $936.46M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $12.21M $5.11M $7.49M $20.47M
Depreciation & Amortization - - $30.73M $22.61M
Stock-based Compensation - - $2.70M $2.31M
Change in Receivables - - $4.37M $-2.56M
Change in Inventory - - $3.29M $10.19M
Operating Cash Flow - - $38.60M $46.41M
Investing Cash Flow - - $1.91M $-57.35M
Dividends Paid $13.10M - $13.13M $13.94M
Financing Cash Flow - - $-33.03M $5.03M
Net Change in Cash - - $7.48M $-5.92M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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