PANLNasdaqDeep Sea Foreign Transportation of FreightFiscal year ends December 31

Pangaea Logistics Solutions Ltd.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$7.66+0.05 (+0.66%)

Close on Oct 19, 2026

Market cap: $498.10M
P/E (TTM): 10.2
Dividend yield: 0.65%

Pangaea Logistics Solutions Ltd. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31
Revenue	632	537	499	700	718	383	412	373	386	238	287	398	392
General & Administrative	31	25	23	20	19	16	17	16	15	13	15	13	12
Operating Expenses	591	488	455	594	639	363	389	337	370	225	267	401	371
Operating Income	41	48	45	106	79	20	23	36	16	13	21	-2.49	21
Interest Expense	24	17	17	16	10	7.65	9.23	8.69	7.95	5.42	5.42	5.64	5.49
Income from Equity Investments	2.95	1.71	0.68	0.81	1.13	1.08	0.16	0.22	0.26	0	-0.10	-0.27	0.01
Other Non-Operating Income	-21	-17	-16	-20	-6.50	-7.00	-6.21	-12	-6.93	-0.16	-0.93	-3.69	0.05
Asset Impairment Charges	–	–	0	3.01	0	1.80	4.75	0	–	0	5.35	12	0
Income Tax Expense	0.37	0.39	0.42	0.44	0.61	0.58	0.46	0.36	0.43	0.20	0.37	0.36	0.26
Net Income incl. Noncontrolling Interests	20	32	29	86	72	13	17	24	9.10	9.16	13	-14	16
Minority Interest in Earnings	0.80	2.87	2.21	6.02	5.15	1.34	5.39	6.22	1.29	1.70	2.09	-1.52	0.06
Net Income	19	29	26	79	67	11	12	18	7.81	7.46	11	-12	15
Preferred Dividends	–	–	–	–	–	–	–	–	–	–	0	6.30	6.29
Net Income to Common	–	–	–	–	–	–	–	–	–	–	11	-30	-8.79
EPS (Basic)(per share)	0.30	0.64	0.59	1.79	1.53	0.26	0.27	0.42	0.20	0.21	0.32	-1.61	-0.65
EPS (Diluted)(per share)	0.30	0.63	0.58	1.76	1.50	0.26	0.27	0.42	0.20	0.21	0.32	-1.61	-0.65
Shares Outstanding (Basic, Weighted)(shares)	64	45	45	44	44	43	43	42	38	35	35	19	13
Shares Outstanding (Diluted, Weighted)(shares)	65	46	45	45	45	44	43	43	39	35	35	19	13
Dividend per Share(per share)	0.05	0.10	0.10	–	–	–	–	–	–	–	–	–	145.43
EBITDA	83	79	75	135	102	37	42	54	32	27	33	9.17	31

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 9.3%
Net margin: 6.7%
Return on equity, FY2025: 4.5%

Financial strength

Current ratio: 1.38
Debt to equity: 0.53
Debt to assets: 24.6%
Cash to current liabilities: 55.0%

Valuation

P/E ratio: 10.2
Price to sales: 0.70
Price to book: 1.11
Dividend yield: 0.65%