Pangaea Logistics Solutions Ltd. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Pangaea Logistics Solutions Ltd. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $102.20M | Mar 21, 2018 |
| FY2017 | Sep 30, 2017 | $107.00M | Mar 21, 2018 |
| FY2017 | Jun 30, 2017 | $91.40M | Mar 21, 2018 |
| FY2017 | Mar 31, 2017 | $84.50M | Mar 21, 2018 |
| FY2017 | Dec 31, 2016 | $66.30M | Mar 21, 2018 |
| FY2017 | Sep 30, 2016 | $70.80M | Mar 21, 2018 |
| FY2017 | Jun 30, 2016 | $57.00M | Mar 21, 2018 |
| FY2017 | Mar 31, 2016 | $43.90M | Mar 21, 2018 |
| FY2016 | Dec 31, 2015 | $55.93M | Mar 23, 2017 |
| FY2016 | Sep 30, 2015 | $71.19M | Mar 23, 2017 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $632.04M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $536.54M | Mar 16, 2026 |
| FY2023 | Dec 31, 2023 | $131.90M | Jan 13, 2025 |
| FY2023 | Sep 30, 2023 | $135.60M | Jan 13, 2025 |
| FY2023 | Jun 30, 2023 | $118.10M | Jan 13, 2025 |
| FY2023 | Mar 31, 2023 | $113.70M | Jan 13, 2025 |
| FY2023 | Dec 31, 2022 | $127.90M | Jan 13, 2025 |
| FY2023 | Sep 30, 2022 | $184.50M | Jan 13, 2025 |
| FY2023 | Jun 30, 2022 | $195.60M | Jan 13, 2025 |
| FY2023 | Mar 31, 2022 | $191.70M | Jan 13, 2025 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $19.37M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $28.90M | Mar 16, 2026 |
| FY2023 | Dec 31, 2023 | $1.10M | Jan 13, 2025 |
| FY2023 | Sep 30, 2023 | $18.90M | Jan 13, 2025 |
| FY2023 | Jun 30, 2023 | $2.80M | Jan 13, 2025 |
| FY2023 | Mar 31, 2023 | $3.50M | Jan 13, 2025 |
| FY2023 | Dec 31, 2022 | $15.50M | Jan 13, 2025 |
| FY2023 | Sep 30, 2022 | $18.70M | Jan 13, 2025 |
| FY2023 | Jun 30, 2022 | $25.20M | Jan 13, 2025 |
| FY2023 | Mar 31, 2022 | $20.00M | Jan 13, 2025 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $40.94M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $48.45M | Mar 16, 2026 |
| FY2023 | Dec 31, 2023 | $10.60M | Jan 13, 2025 |
| FY2023 | Sep 30, 2023 | $19.70M | Jan 13, 2025 |
| FY2023 | Jun 30, 2023 | $7.90M | Jan 13, 2025 |
| FY2023 | Mar 31, 2023 | $6.50M | Jan 13, 2025 |
| FY2023 | Dec 31, 2022 | $18.70M | Jan 13, 2025 |
| FY2023 | Sep 30, 2022 | $30.40M | Jan 13, 2025 |
| FY2023 | Jun 30, 2022 | $36.40M | Jan 13, 2025 |
| FY2023 | Mar 31, 2022 | $19.90M | Jan 13, 2025 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $53.73M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $65.69M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $53.79M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $134.80M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $61.75M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $20.84M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $44.46M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $40.13M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $29.22M | Mar 20, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $928.10M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $936.46M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $705.18M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $748.24M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $707.02M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $450.40M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $479.90M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $453.47M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $423.30M | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | $362.19M | Mar 21, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $429.33M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $427.82M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $323.89M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $314.23M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $247.20M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $182.77M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $170.25M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $161.69M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $145.35M | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | $116.27M | Mar 21, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.11M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $3.11M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $3.10M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $0 | Jan 13, 2025 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $172.26M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $169.16M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $159.03M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $151.33M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $85.66M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $23.18M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $12.74M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $5.74M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | ($9.60M) | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | ($17.41M) | Mar 21, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $103.05M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $86.81M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $99.04M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $128.38M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $56.21M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $46.90M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $50.56M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $53.61M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $34.53M | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | $22.32M | Mar 21, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $114.07M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $129.30M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $99.20M | Mar 18, 2025 |
| FY2019 | Dec 31, 2019 | $106.64M | Mar 23, 2020 |
| FY2019 | Dec 31, 2018 | $115.50M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $136.59M | Mar 20, 2019 |
| FY2016 | Dec 31, 2016 | $128.79M | Mar 23, 2017 |
| FY2015 | Dec 31, 2015 | $151.14M | Mar 23, 2016 |
| FY2014 | Dec 31, 2014 | $106.19M | Mar 31, 2015 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 16, 2026 |
| FY2023 | Dec 31, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Sep 30, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Jun 30, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Mar 31, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Sep 30, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Jun 30, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Mar 31, 2022 | 0 | Jan 13, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 16, 2026 |
| FY2023 | Dec 31, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Sep 30, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Jun 30, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Mar 31, 2023 | 0 | Jan 13, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Sep 30, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Jun 30, 2022 | 0 | Jan 13, 2025 |
| FY2023 | Mar 31, 2022 | 0 | Jan 13, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 64.97M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | 64.96M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | 46.47M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | 45.90M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | 45.62M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | 45.45M | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | 44.89M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | 44.00M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | 43.79M | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | 36.59M | Mar 21, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.30M | Mar 16, 2026 |
| FY2025 | Dec 31, 2024 | $18.71M | Mar 16, 2026 |
| FY2024 | Dec 31, 2023 | $18.10M | Mar 18, 2025 |
| FY2023 | Dec 31, 2022 | $13.41M | Jan 13, 2025 |
| FY2022 | Dec 31, 2021 | $5.54M | Mar 15, 2023 |
| FY2021 | Dec 31, 2020 | $535.2K | Mar 16, 2022 |
| FY2020 | Dec 31, 2019 | $8.09M | Mar 15, 2021 |
| FY2019 | Dec 31, 2018 | $2.27M | Mar 23, 2020 |
| FY2018 | Dec 31, 2017 | $1.00M | Mar 20, 2019 |
| FY2017 | Dec 31, 2016 | $100.0K | Mar 21, 2018 |