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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 Quarterly (10-Q)
Showing 14 of 33 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $183.88M $168.67M $156.69M $122.80M $147.17M $153.12M $131.50M $104.75M $131.88M $135.62M $118.08M $113.70M $127.92M $184.48M
Revenue Growth % (YoY) 24.9% 10.2% 19.2% 17.2% 11.6% 12.9% 11.4% -7.9% 3.1% -26.5% nan% nan% nan% nan%
Operating Expenses $166.44M $151.75M $153.04M $119.88M $132.37M $138.11M $123.88M $93.72M $121.32M $115.90M $110.22M $107.20M $109.19M $153.97M
+ Operating Income $17.44M $16.92M $3.65M $2.93M $14.81M $15.00M $7.61M $11.03M $10.56M $19.71M $7.85M $6.50M $18.74M $30.51M
Operating Margin % 9.5% 10.0% 2.3% 2.4% 10.1% 9.8% 5.8% 10.5% 8.0% 14.5% 6.7% 5.7% 14.6% 16.5%
Interest Expense - - - - - - - - $4.33M - - - $3.65M $4.12M
Other Income/Expense $1.12M $954.49K $483.88K $392.91K $198.34K $551.02K $334.25K $343.92K $338.85K $-212.64K $248.86K $386.41K $290.02K $298.68K
+ Net Income $11.88M $12.21M $-2.74M $-1.98M $8.44M $5.11M $3.68M $11.67M $1.14M $18.87M $2.84M $3.47M $15.50M $18.79M
Net Margin % 6.5% 7.2% -1.8% -1.6% 5.7% 3.3% 2.8% 11.1% 0.9% 13.9% 2.4% 3.1% 12.1% 10.2%
Basic EPS nan 0.19 -0.04 -0.03 0.19 0.11 0.08 0.26 0.03 0.42 0.06 0.08 0.35 0.42
Diluted EPS nan 0.19 -0.04 -0.03 0.18 0.11 0.08 0.25 0.02 0.42 0.06 0.08 0.33 0.42
Basic Shares Outstanding -98K 63.7M 64.0M 63.9M 134K 45.3M 45.3M 45.2M 19K 44.8M 44.8M 44.7M 12K 44.4M
Diluted Shares Outstanding -306K 64.8M 64.0M 63.9M 98K 46.0M 46.0M 45.9M 367K 45.1M 45.1M 45.1M 435K 44.6M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $103.05M $94.02M $59.25M $63.95M $86.81M $93.12M $77.95M $95.87M $99.04M $87.36M $84.30M $129.15M $128.38M $117.95M
Accounts Receivable $55.85M $45.57M $49.33M $47.92M $42.37M $44.16M $41.33M $42.00M $47.89M $53.50M $42.82M $33.44M $36.76M $42.34M
Inventory $28.39M $36.14M $38.58M $36.03M $32.85M $26.74M $28.89M $22.15M $16.56M $26.35M $27.45M $26.73M $29.10M $30.65M
Other Current Assets $4.89M $30.26M $29.30M $28.01M $4.44M $32.22M $33.18M $35.53M $28.34M $31.28M $32.36M $30.44M $28.27M $31.74M
Total Current Assets $215.78M $212.62M $184.01M $175.90M $191.99M $196.24M $181.35M $195.56M $191.83M $198.48M $186.93M $219.76M $222.51M $222.69M
Property Plant & Equipment $677.52M $683.94M $694.40M $705.35M $707.83M $514.58M $464.35M $469.08M $474.27M $479.98M $486.38M $461.74M $476.52M $465.14M
Goodwill $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M $3.10M - - -
Intangible Assets $1.68M - - - - - - - - - - - - -
Other Non-current Assets $4.56M $4.80M $6.57M $5.29M $4.76M $6.11M $5.99M $5.74M $5.59M $6.07M $6.11M $5.73M $5.28M $4.50M
Total Assets $928.10M $932.15M $916.00M $917.99M $936.46M $749.17M $692.92M $703.31M $705.18M $728.59M $724.57M $730.23M $748.24M $738.91M
Accounts Payable $14.33M - - - $14.82M - - - - - - - - -
Deferred Revenue $24.89M $18.29M $18.49M $19.29M $15.45M $16.08M $10.06M $13.77M $15.63M $13.80M $14.50M $16.42M $20.88M $17.23M
Total Current Liabilities $128.03M $130.93M $126.01M $109.00M $109.11M $95.91M $83.97M $99.34M $105.33M $115.29M $110.70M $87.12M $92.21M $91.10M
Long-term Debt $114.07M - - - $129.30M - - - - - - - - -
Other Non-current Liabilities - - - - - $16.36M $16.63M $18.75M $17.94M $18.50M $18.23M $19.83M $19.97M $21.27M
Common Stock $7.00K $6.52K $6.54K $6.56K $6.50K $4.69K $4.69K $4.68K $4.65K $4.65K $4.65K $4.65K $4.59K $4.59K
Retained Earnings $172.25M $163.59M $154.61M $160.60M $169.16M $165.42M $165.00M $166.01M $159.03M $162.54M $148.33M $150.14M $151.33M $140.70M
Total Stockholders Equity $429.33M $420.26M $414.35M $420.80M $427.82M $332.59M $331.53M $332.00M $323.89M $326.71M $312.23M $313.77M $314.23M $303.41M
Total Liabilities & Equity $928.10M $932.15M $916.00M $917.99M $936.46M $749.17M $692.92M $703.31M $705.18M $728.59M $724.57M $730.23M $748.24M $738.91M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $11.88M $12.21M $-2.74M $-1.98M $8.44M $5.11M $3.68M $11.67M $1.14M $25.19M $6.32M $3.47M $15.50M $18.79M
Depreciation & Amortization $11.74M $30.73M $20.52M $9.92M $7.77M $22.61M $14.89M $7.44M $7.52M $22.55M $14.45M $7.33M $7.53M $21.96M
Stock-based Compensation $1.42M $2.70M $2.08M $1.53M $475.00K $2.31M $1.67M $1.14M $694.29K $1.39M $1.12M $856.43K $309.75K $1.46M
Change in Receivables $10.65M $4.37M $8.02M $6.70M $-1.12M $-2.56M $-5.72M $-5.54M $-3.60M $17.68M $7.20M $-3.49M $-4.49M $-10.63M
Change in Inventory $-7.75M $3.29M $5.74M $3.18M $843.94K $10.19M $12.33M $5.60M $-9.79M $-2.76M $-1.65M $-2.37M $-1.55M $3.50M
Operating Cash Flow $15.13M $38.60M $10.04M $-4.36M $19.28M $46.41M $17.96M $9.00M $23.90M $29.88M $13.58M $11.57M $32.93M $101.87M
Acquisitions - - - - - - - - - $7.20M $7.20M - - -
Investing Cash Flow $9.50M $1.91M $-2.41M $-460.27K $-10.34M $-57.35M $-9.14M $-203.62K $9.03M $-25.02M $-23.68M $8.79M $-17.00M $-11.51M
Dividends Paid $3.18M $13.10M $9.90M $6.73M $4.77M $13.94M $9.41M $4.87M $4.49M $13.62M $9.13M $4.65M $4.45M $8.97M
Financing Cash Flow $-15.59M $-33.03M $-35.18M $-18.04M $-15.26M $5.03M $-29.91M $-11.96M $-21.26M $-45.89M $-33.99M $-19.60M $-5.50M $-28.62M
Net Change in Cash $9.03M $7.48M $-27.55M $-22.86M $-6.31M $-5.92M $-21.09M $-3.16M $11.68M $-41.03M $-44.09M $765.07K $10.44M $61.74M
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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