Euroseas (ESEA) financial statements
Euroseas reported revenue of $228M in fiscal 2025, up 30.6% a year over 9 years.
Net income was $137M and the operating margin 65.6%, against -61.7% in 2016.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Euroseas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21M | $24M | $34M | $40M | $53M | $94M | $183M | $189M | $213M | $228M |
| Selling, general and admin | $3M | $3M | $3M | $2M | $3M | $3M | $5M | $5M | $6M | $7M |
| Operating income | -$13M | -$5M | $2M | $2M | $9M | $46M | $107M | $119M | $120M | $149M |
| Interest expense | $1M | $1M | $3M | $3M | $4M | $3M | $5M | $6M | $10M | $15M |
| Net income | -$34M | -$7M | -$663,396 | -$2M | $4M | $43M | $106M | $115M | $113M | $137M |
| EPS (diluted) | -$5.63 | -$5.72 | -$1.02 | -$1.21 | $0.58 | $6.06 | $14.78 | $16.52 | $16.20 | $19.72 |
| Diluted shares | 8M | 1M | 0M | 3M | 6M | 7M | 7M | 7M | 7M | 7M |
| Operating margin | -61.7% | -22.8% | 6.8% | 4.9% | 17.4% | 48.7% | 58.4% | 63.1% | 56.4% | 65.6% |
| Net margin | -165.9% | -29.2% | -1.9% | -4.2% | 7.6% | 45.8% | 58.2% | 60.5% | 53.0% | 60.1% |
Balance sheet
Fiscal years, from Euroseas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $3M | $7M | $985,418 | $4M | $27M | $26M | $59M | $74M | $176M |
| Receivables | $1M | $885,495 | $958,705 | $715,097 | $2M | $1M | $572,961 | $2M | $5M | $10M |
| Inventory | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M |
| Total current assets | $10M | $16M | $12M | $6M | $10M | $33M | $47M | $66M | $85M | $192M |
| Property, plant and equipment | $106M | $52M | $49M | $116M | $98M | $176M | $217M | $268M | $443M | $466M |
| Total assets | $144M | $162M | $67M | $127M | $111M | $221M | $329M | $425M | $591M | $700M |
| Total current liabilities | $11M | $19M | $12M | $25M | $29M | $37M | $74M | $51M | $57M | $39M |
| Long-term debt | $44M | $30M | $32M | $72M | $46M | $89M | $52M | $99M | $168M | $198M |
| Total liabilities | $56M | $80M | $44M | $99M | $75M | $145M | $160M | $158M | $228M | $237M |
| Shareholders' equity | $54M | $47M | $4M | $20M | $27M | $77M | $168M | $267M | $363M | $463M |
| Net debt | $47M | $31M | $30M | $83M | $63M | $92M | $81M | $71M | $132M | $40M |
Cash flow
Fiscal years, from Euroseas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$832,238 | $8M | -$1M | $3M | $2M | $53M | $114M | $130M | $128M | $141M |
| Capital spending | $3M | $30M | $1,867 | $56M | $647,069 | — | — | — | — | — |
| Free cash flow | -$4M | -$22M | -$1M | -$52M | $2M | — | — | — | — | — |
| Stock-based compensation | $294,341 | $116,562 | $124,487 | $97,919 | $121,631 | $182,324 | $951,385 | $1M | $2M | $2M |
| Dividends paid | — | — | — | — | $0 | $0 | $11M | $14M | $17M | $19M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$5M | -$3M | -$1M | -$2M |
| Net borrowing | -$2M | $15M | $2M | — | — | — | -$11M | $23M | $76M | $11M |
| Free cash flow margin | -19.1% | -93.0% | -4.3% | -131.1% | 3.3% | — | — | — | — | — |
| Dividends per share | — | — | — | — | — | — | $1.50 | $2.02 | $2.42 | $2.73 |
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What was Euroseas's revenue in 2025?
$228M in fiscal 2025, from its 10-K filing.
From Euroseas's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.