Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164M | $196M | $210M | $230M | $220M | $192M | $446M | $396M | $406M | $310M |
| Revenue growth | — | 19.2% | 7.3% | 9.5% | -4.3% | -12.5% | 131.6% | -11.2% | 2.5% | -23.6% |
| Operating income | $24.0M | $8.51M | -$9.62M | — | — | — | — | — | — | — |
| Operating margin | 14.6% | 4.3% | -4.6% | — | — | — | — | — | — | — |
| Net income | $3.75M | -$12.5M | -$42.9M | -$22.9M | -$6.05M | -$36.8M | $138M | $117M | $133M | $41.0M |
| Net margin | 2.3% | -6.4% | -20.4% | -9.9% | -2.7% | -19.1% | 31.1% | 29.5% | 32.8% | 13.2% |
| EPS (diluted) | $0.12 | -$0.37 | -$1.31 | -$0.69 | -$0.18 | -$1.12 | $3.52 | $2.71 | $3.06 | $0.88 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $42.6M | $18.4M | $9.43M | $20.5M | $46.1M | -$2.88M | $124M | $160M | $160M | $81.6M |
| Share buybacks | $2.99M | $11.3M | $0.00 | $0.00 | $287K | — | — | — | $17.9M | — |
| Dividends paid | $9.33M | $0.00 | $0.00 | $0.00 | $1.66M | — | — | $47.2M | $45.1M | $12.2M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $56.0M | $39.5M | $56.9M | $51.7M | $58.4M | $55.4M | $50.6M | $46.8M | $47.0M | $46.8M |
| Total assets | $884M | $846M | $845M | $772M | $752M | $725M | $724M | $691M | $705M | $789M |
| Total liabilities | — | — | — | — | $432M | $396M | $217M | $117M | $69.4M | $154M |
| Long-term debt | $411M | $367M | $206M | $187M | $188M | $130M | $116M | $39.6M | $38.8M | $127M |
| Shareholders' equity | $404M | $381M | $347M | $326M | $320M | $292M | $469M | $537M | $608M | $634M |
| Retained earnings | $2.92M | -$9.57M | -$52.9M | -$75.8M | -$81.8M | -$120M | $15.1M | $81.4M | $165M | $189M |
| Shares (wtd avg diluted) | 33.6M | 32.1M | 33.1M | 33.1M | 33.2M | 33.9M | 38.4M | 41.8M | 42.0M | 40.8M |
Every figure is extracted from Ardmore Shipping Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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