Pangaea Logistics Solutions Ltd.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $632.0M | $536.5M | $499.3M | $699.7M | $718.1M |
| Operating expenses | $591.1M | $488.1M | $454.7M | $594.2M | $639.2M |
| Operating income | $40.9M | $48.4M | $44.6M | $105.5M | $78.9M |
| Income tax expense | $366,000 | $389,000 | $417,000 | $443,000 | $605,000 |
| Net income | $19.4M | $28.9M | $26.3M | $79.5M | $67.2M |
| Balance Sheet | |||||
| Cash and equivalents | $103.1M | $86.8M | $99.0M | $128.4M | $56.2M |
| Current assets | $215.8M | $192.0M | $191.8M | $222.5M | $184.0M |
| Total assets | $928.1M | $936.5M | $705.2M | $748.2M | $707.0M |
| Current liabilities | $128.0M | $109.1M | $105.3M | $92.2M | $111.7M |
| Total debt | $129.6M | $131.3M | $100.3M | $116.0M | $123.0M |
| Stockholders' equity | $429.3M | $427.8M | $323.9M | $314.2M | $247.2M |
| Cash Flow Statement | |||||
| Cash from operations | $53.7M | $65.7M | $53.8M | $134.8M | $61.7M |
| Depreciation and amortization | $42.5M | $30.4M | $30.1M | $29.5M | $23.0M |
| Stock-based compensation | $4.1M | $2.8M | $2.1M | $1.8M | $2.1M |
| Capital expenditure | $4.3M | $167,000 | $0 | $653,452 | $42,963 |
| Free cash flow | $49.4M | $65.5M | $53.8M | $134.1M | $61.7M |
| Dividends paid | $16.3M | $18.7M | $18.1M | $13.4M | $5.5M |
| Share repurchases | $3.0M | — | — | — | — |
| Impairments | — | — | $0 | $3.0M | $0 |
Shares outstanding 65.4M
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.