FY2025 · ended Dec 31, 2025 · Revenue $632.04M, +17.8% YoY · Filed Mar 16, 2026
Pangaea Logistics Solutions Ltd. (PANL) files with the SEC under industry code 4412, Deep Sea Foreign Transportation of Freight. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $632.0 million and net income of $19.4 million. As of Jun 30, 2026 it held $105.7 million in cash and investments and $236.0 million in total debt.
Revenue (TTM)
$710.25M
+22.5% vs year-ago TTM
Net income (TTM)
$47.59M
+439.4% vs year-ago TTM
Operating cash flow (TTM)
$69.56M
+20.4% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$0.73
+355.1% vs year-ago TTM
Dividend per share
$0.05
-50.0% vs prior year
Shares outstanding
65.32M
-0.5% vs prior year
Net cash
$-130.32M
as of Jun 30, 2026
Operating margin
9.3%
FY 2026
Company profile
- Industry
- Deep Sea Foreign Transportation of Freight (SIC 4412)
- Listed as
- PANL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Bermuda
- Headquarters
- Newport, RI
- SEC filer status
- Accelerated filer, Smaller reporting company
- SEC CIK
- 1606909
- Former names
- Quartet Holdco Ltd. (until Oct 2, 2014)
Other Deep Sea Foreign Transportation of Freight companies
- Frontline plc FRO
- Cmb.tech NV CMBT
- Scorpio Tankers Inc. STNG
- TORM plc TRMD
- DHT Holdings, Inc. DHT
- Okeanis Eco Tankers Corp. ECO
- ZIM Integrated Shipping Services Ltd. ZIM
- Star Bulk Carriers Corp. SBLK
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | 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 |
|---|---|---|---|---|---|
| Revenue | $632.0M | $536.5M | $499.3M | $699.7M | $718.1M |
| Operating income | $40.9M | $48.4M | $44.6M | $105.5M | $78.9M |
| Net income | $19.4M | $28.9M | $26.3M | $79.5M | $67.2M |
| Diluted EPS | $0.30 | $0.63 | $0.58 | $1.76 | $1.50 |
| Operating cash flow | $53.7M | $65.7M | $53.8M | $134.8M | $61.7M |
| Total assets | $928.1M | $936.5M | $705.2M | $748.2M | $707.0M |
| Stockholders' equity | $429.3M | $427.8M | $323.9M | $314.2M | $247.2M |
| Cash and investments | $103.1M | $86.8M | $99.0M | $128.4M | $56.2M |
| Total debt | $125.3M | $142.7M | $16.4M | $187.9M | $188.7M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Officer or director change
|
Jun 8, 2026 | Jun 7, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 12, 2026 | May 7, 2026 |
| 8-K |
Current report
Results of operations
|
May 11, 2026 | May 11, 2026 |
| 10-Q | Quarterly report | May 11, 2026 | Mar 31, 2026 |
All 626 Pangaea Logistics Solutions Ltd. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.