Diana Shipping (DSX) financial statements
Diana Shipping reported revenue of $214M in fiscal 2025, up 7.2% a year over 9 years.
Net income was $18M and the operating margin 19.8%, against -77.3% in 2016.
The diluted share count rose 37% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Diana Shipping's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $114M | $162M | $226M | $221M | $170M | $214M | $290M | $262M | $228M | $214M |
| Cost of revenue | — | — | — | $14M | $14M | $6M | — | — | — | — |
| Gross profit | — | — | — | $207M | $156M | $209M | — | — | — | — |
| Selling, general and admin | $26M | $26M | $30M | $29M | $33M | $29M | $29M | $33M | $33M | $34M |
| Operating income | -$88M | -$484M | $38M | $18M | -$113M | $64M | $143M | $86M | $59M | $42M |
| Interest expense | $20M | $25M | $31M | $29M | $22M | $20M | $27M | $49M | $47M | $43M |
| Net income | -$170M | -$512M | $17M | -$11M | -$134M | $57M | $119M | $50M | $13M | $18M |
| EPS (diluted) | -$2.11 | -$5.41 | $0.10 | -$0.17 | -$1.62 | $0.61 | $1.36 | $0.42 | $0.05 | $0.11 |
| Diluted shares | 80M | 96M | 105M | 95M | 86M | 85M | 83M | 102M | 119M | 110M |
| Gross margin | — | — | — | 93.9% | 92.0% | 97.4% | — | — | — | — |
| Operating margin | -77.3% | -298.9% | 16.9% | 8.0% | -66.4% | 29.7% | 49.2% | 32.7% | 25.8% | 19.8% |
| Net margin | -148.8% | -316.1% | 7.3% | -4.8% | -79.1% | 26.8% | 41.1% | 19.0% | 5.6% | 8.3% |
Balance sheet
Fiscal years, from Diana Shipping's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $98M | $40M | $127M | $107M | $63M | $110M | $76M | $102M | $125M | $51M |
| Receivables | $6M | $5M | $3M | $8M | $5M | $3M | $6M | $6M | $7M | $4M |
| Inventory | $6M | $6M | $6M | $6M | $5M | $6M | $5M | $5M | $4M | $4M |
| Total current assets | $115M | $139M | $142M | $137M | $105M | $126M | $141M | $182M | $207M | $245M |
| Property, plant and equipment | $1.4B | $1.1B | $991M | $882M | $716M | $643M | $950M | $900M | $833M | $778M |
| Total assets | $1.7B | $1.2B | $1.2B | $1.1B | $872M | $842M | $1.2B | $1.2B | $1.2B | $1.2B |
| Total current liabilities | $78M | $80M | $125M | $65M | $62M | $65M | $132M | $85M | $80M | $90M |
| Long-term debt | $533M | $541M | $434M | $435M | $381M | $383M | $431M | $461M | $469M | $473M |
| Total liabilities | $612M | $622M | $560M | $501M | $444M | $449M | $696M | $677M | $666M | $668M |
| Shareholders' equity | $1.1B | $625M | $628M | $570M | $429M | $393M | $487M | $489M | $505M | $502M |
| Net debt | $500M | $561M | $404M | $368M | $357M | $313M | $446M | $409M | $390M | $472M |
Cash flow
Fiscal years, from Diana Shipping's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$21M | $23M | $80M | $50M | $17M | $90M | $159M | $70M | $84M | $48M |
| Capital spending | $51M | $126M | $3M | $3M | $6M | $17M | $230M | $30M | — | — |
| Free cash flow | -$72M | -$102M | $77M | $47M | $11M | $72M | -$71M | $41M | — | — |
| Dividends paid | — | — | — | — | — | $9M | $80M | $41M | $29M | $5M |
| Share buybacks (net) | $0 | $0 | -$15M | -$50M | -$12M | -$45M | -$4M | $0 | $0 | -$23M |
| Net borrowing | -$3M | $2M | -$70M | -$57M | -$55M | $8M | — | — | — | — |
| Free cash flow margin | -62.9% | -63.2% | 34.2% | 21.3% | 6.6% | 33.8% | -24.6% | 15.5% | — | — |
| Dividends per share | — | — | — | — | — | $0.10 | $0.96 | $0.41 | $0.24 | $0.04 |
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What was Diana Shipping's revenue in 2025?
$214M in fiscal 2025, from its 10-K filing.
From Diana Shipping's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.