TOPSNYSEDeep Sea Foreign Transportation of FreightFiscal year ends December 31

TOP SHIPS INC.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 1, 2026

$0.42−0.03 (-7.42%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 0.6
Dividend yield: –

TOP SHIPS INC. income statement

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	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	80	–	–	81	56	60	66	41	39	28	13	3.60	20	31	80	91	47
General & Administrative	7.62	7.51	6.70	1.62	1.94	1.93	1.73	7.00	5.81	2.91	2.98	2.34	3.26	7.08	15	18	23
Operating Income	26	28	29	33	15	-1.80	3.94	-3.89	1.62	4.85	-7.42	-0.59	9.23	-53	-171	22	-65
Interest Expense	23	23	23	12	7.34	16	19	11	16	3.76	1.17	0.66	7.44	7.24	10	11	–
Interest & Investment Income	0.39	0.47	0.35	0.05	0	0.03	0.13	0.13	0.01	–	–	0.07	0.13	0.18	0.10	0.14	0.17
Income from Equity Investments	-0.17	0.16	-0.02	0.65	0.75	0.71	0.78	0.29	-0.03	–	–	–	–	–	–	–	–
Other Non-Operating Income	-23	-23	-23	-14	-6.19	-21	-19	0.18	1.12	-0.01	0.02	-0.01	-0.34	-1.59	-0.08	-0.05	-0.18
Asset Impairment Charges	0	0	0	0	0	0	–	–	–	–	–	–	–	47	–	–	37
Gain (Loss) on Sale of Assets	–	0	0	0.08	0	-12	0	–	–	-0.02	–	-0.01	0.00	-0.18	-0.08	-0.05	-0.17
Pretax Income	–	–	–	–	–	–	–	–	-13	1.05	-8.51	–	–	–	–	–	–
Income Tax Expense	–	–	–	–	–	0	0	0	0	0	0	0	–	–	–	–	–
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-20	-9.19	-73
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-169	12	23
Net Income incl. Noncontrolling Interests	3.09	5.03	6.07	19	8.62	-23	-15	-11	-13	1.05	-8.51	–	–	–	–	–	–
Minority Interest in Earnings	–	–	–	–	–	–	–	0.01	0.03	–	–	–	–	–	–	–	–
Net Income	–	–	–	–	–	–	–	–	-13	-0.35	-8.51	2.90	1.41	-64	-189	2.51	-50
Preferred Dividends	–	–	–	–	–	–	–	–	–	1.40	–	–	–	–	–	–	–
Net Income to Common	3.09	5.03	-22	-9.19	5.40	-29	-31	-11	-13	-0.35	-8.51	2.90	1.41	-64	-189	2.34	–
EPS (Basic)(per share)	0.67	1.09	-12.44	-36.34	32.51	-293.76	-63,511.20	-73,488.00	-60,240.00	-3,829,200.00	-185,607,360.00	160,560.00	416,160.00	-18,979,200.00	-151,178,400.00	4,132,800.00	–
EPS (Diluted)(per share)	0.67	1.09	-12.44	-36.34	32.51	-293.76	-63,511.20	-73,488.00	-60,240.00	-3,829,200.00	-185,607,360.00	132,480.00	414,720.00	-18,979,200.00	-151,178,400.00	4,132,800.00	–
Shares Outstanding (Basic, Weighted)(shares)	4.63	4.63	1.80	0.25	0.17	0.10	0.00	0.00	0.00	0	0	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding (Diluted, Weighted)(shares)	4.63	4.63	1.80	0.25	0.17	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	–	–	–	–	–	–	–	–	–	–	-6.62	0.29	16	-40	-144	56	-32

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, FY2025

Gross margin: –
Operating margin: 32.7%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.48
Debt to equity: 3.40
Debt to assets: 69.9%
Cash to current liabilities: 37.7%

Valuation

P/E ratio: 0.6
Price to sales: –
Price to book: –
Dividend yield: –