Himalaya Shipping (HSHP) financial statements
Himalaya Shipping reported revenue of $132M in fiscal 2025, up 89.6% a year over 2 years.
Net income was $18M.
The diluted share count rose 43% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Himalaya Shipping's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $0 | $37M | $124M | $132M |
| Cost of revenue | $0 | $9M | $24M | $28M |
| Gross profit | $0 | $28M | $100M | $104M |
| Selling, general and admin | $2M | $4M | $5M | $5M |
| Operating income | -$2M | $15M | $67M | $68M |
| Interest expense | $0 | $14M | $47M | $51M |
| Income tax | $0 | $0 | $0 | $0 |
| Net income | -$2M | $2M | $21M | $18M |
| EPS (diluted) | -$0.06 | $0.04 | $0.48 | $0.38 |
| Diluted shares | 32M | 39M | 44M | 46M |
| Gross margin | — | 76.6% | 80.7% | 78.8% |
| Operating margin | — | 39.8% | 54.0% | 51.7% |
| Net margin | — | 4.1% | 17.1% | 13.4% |
Balance sheet
Fiscal years, from Himalaya Shipping's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $263,000 | $26M | $19M | $32M |
| Receivables | $0 | $811,000 | $1M | $700,000 |
| Inventory | $0 | $634,000 | $2M | $2M |
| Total current assets | $2M | $33M | $27M | $40M |
| Property, plant and equipment | — | — | $853M | $824M |
| Total assets | $178M | $599M | $880M | $864M |
| Total current liabilities | $26M | $25M | $36M | $37M |
| Long-term debt | $60M | $420M | $690M | $666M |
| Total liabilities | $87M | $445M | $725M | $702M |
| Shareholders' equity | $90M | $154M | $155M | $162M |
| Net debt | $67M | $414M | $694M | $657M |
Cash flow
Fiscal years, from Himalaya Shipping's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | -$1M | $6M | $56M | $52M |
| Stock-based compensation | $401,000 | $500,000 | $500,000 | $200,000 |
| Dividends paid | $0 | $0 | $21M | $27M |
| Net borrowing | $70M | $391M | $296M | $0 |
| Dividends per share | — | — | $0.47 | $0.58 |
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What was Himalaya Shipping's revenue in 2025?
$132M in fiscal 2025, from its 10-K filing.
From Himalaya Shipping's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.