OceanPal Inc. SVRN
Annual
Quarterly
FY2024 · ended Dec 31, 2024 · Revenue $934,000, -95.1% YoY · Filed Apr 15, 2025
OceanPal Inc. (SVRN) files with the SEC under industry code 4412, Deep Sea Foreign Transportation of Freight. In fiscal 2024, which ended Dec 31, 2024, it reported revenue of $934,000 and a net loss of $17.9 million. Free cash flow was -$22.4 million.
Revenue
$934,000
-95.1% vs prior year
Net income
$-17.86M
-803.5% vs prior year
Operating cash flow
$-3.53M
-533.1% vs prior year
Free cash flow
$-22.44M
-531.5% vs prior year
EPS
$-2.64
+31.1% vs prior year
Dividend per share
$10.00
Shares outstanding
7.50M
+0.8% vs prior year
Net cash
—
Operating margin
-1932.0%
FY 2024
Company profile
- Industry
- Deep Sea Foreign Transportation of Freight (SIC 4412)
- Listed as
- SVRN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Marshall Islands
- Headquarters
- Athens
- SEC filer status
- Non-accelerated filer, Emerging growth company
- SEC CIK
- 1869467
- Former names
- OceanPal Inc. (until Aug 27, 2026)
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 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|
| Revenue | $934,000 | — | $19.1M |
| Operating income | -$18.0M | -$7.7M | -$326,000 |
| Net income | -$17.9M | -$2.0M | -$326,000 |
| Diluted EPS | -$2.64 | -$3.83 | -$17.18 |
| Operating cash flow | -$3.5M | $815,000 | $1.5M |
| Free cash flow | -$22.4M | -$3.6M | — |
| Total assets | $89.5M | $94.8M | $79.0M |
| Stockholders' equity | $84.4M | $92.6M | $76.6M |
| Cash and investments | $7.2M | $14.8M | $8.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 4, 2026 | Nov 30, 2026 |
| 6-K | Current report (foreign issuer) | Oct 30, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Oct 15, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Oct 13, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Oct 9, 2026 | Oct 31, 2026 |
| 6-K | Current report (foreign issuer) | Aug 27, 2026 | Aug 31, 2026 |
All 403 OceanPal Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.