Heidmar Maritime Holdings (HMR) financial statements
Heidmar Maritime Holdings reported revenue of $56M in fiscal 2025, up 22.9% a year over 3 years.
Net income was -$23M and the operating margin -8.7%, against 56.3% in 2022.
Free cash flow was $13M, and the company returned $8M in dividends.
The diluted share count rose 60684876% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Heidmar Maritime Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $30M | $49M | $29M | $56M |
| Selling, general and admin | $5M | $10M | $13M | $19M |
| Operating income | $17M | $20M | $4M | -$5M |
| Income tax | $0 | $0 | $0 | $0 |
| Net income | $16M | $20M | $2M | -$23M |
| EPS (diluted) | $168,551.55 | $0.34 | $0.03 | -$0.39 |
| Diluted shares | 0M | 57M | 57M | 58M |
| Operating margin | 56.3% | 40.0% | 14.1% | -8.7% |
| Net margin | 53.8% | 39.8% | 6.6% | -40.4% |
Balance sheet
Fiscal years, from Heidmar Maritime Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $25M | $19M | $20M | $19M |
| Receivables | — | — | — | $1M |
| Inventory | — | $1M | $612,165 | $2,450 |
| Total current assets | — | $33M | $30M | $27M |
| Property, plant and equipment | $32,505 | $88,946 | $317,510 | $268,468 |
| Goodwill | — | — | $344,156 | $344,156 |
| Total assets | — | $47M | $38M | $72M |
| Total current liabilities | — | $25M | $20M | $29M |
| Total liabilities | — | $31M | $20M | $61M |
| Shareholders' equity | $22M | $16M | $18M | $11M |
| Net debt | -$25M | -$19M | -$20M | -$19M |
Cash flow
Fiscal years, from Heidmar Maritime Holdings's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $15M | $12M | $7M | $13M |
| Capital spending | — | $9,053 | $268,438 | $930 |
| Free cash flow | — | $12M | $6M | $13M |
| Stock-based compensation | — | — | — | $5M |
| Dividends paid | — | $25M | — | $8M |
| Free cash flow margin | — | 24.5% | 22.4% | 23.6% |
| Dividends per share | — | $0.44 | — | $0.14 |
Questions
What was Heidmar Maritime Holdings's revenue in 2025?
$56M in fiscal 2025, from its 10-K filing.
How much free cash flow does Heidmar Maritime Holdings generate?
$13M in fiscal 2025 (operating cash flow minus capital spending).
From Heidmar Maritime Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.