Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $238M | $386M | $373M | $412M | $383M | $718M | $700M | $499M | $537M | $632M |
| Revenue growth | — | 62.2% | -3.4% | 10.5% | -7.1% | 87.5% | -2.6% | -28.6% | 7.5% | 17.8% |
| Operating income | $12.9M | $16.0M | $36.1M | $23.3M | $19.7M | $78.9M | $106M | $44.6M | $48.4M | $40.9M |
| Operating margin | 5.4% | 4.2% | 9.7% | 5.6% | 5.1% | 11.0% | 15.1% | 8.9% | 9.0% | 6.5% |
| Net income | $7.46M | $7.81M | $17.8M | $11.7M | $11.4M | $67.2M | $79.5M | $26.3M | $28.9M | $19.4M |
| Net margin | 3.1% | 2.0% | 4.8% | 2.8% | 3.0% | 9.4% | 11.4% | 5.3% | 5.4% | 3.1% |
| EPS (diluted) | $0.21 | $0.20 | $0.42 | $0.27 | $0.26 | $1.50 | $1.76 | $0.58 | $0.63 | $0.30 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.2M | $29.2M | $40.1M | $44.5M | $20.8M | $61.7M | $135M | $53.8M | $65.7M | $53.7M |
| Dividends paid | $100K | $1.00M | $2.27M | $8.09M | $535K | $5.54M | $13.4M | $18.1M | $18.7M | $16.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $22.3M | $34.5M | $53.6M | $50.6M | $46.9M | $56.2M | $128M | $99.0M | $86.8M | $103M |
| Total assets | $362M | $423M | $453M | $480M | $450M | $707M | $748M | $705M | $936M | $928M |
| Long-term debt | $129M | $118M | $95.4M | $83.6M | — | — | — | $99.2M | $129M | $97.2M |
| Shareholders' equity | $116M | $145M | $162M | $170M | $183M | $247M | $314M | $324M | $428M | $429M |
| Retained earnings | -$17.4M | -$9.60M | $5.74M | $12.7M | $23.2M | $85.7M | $151M | $159M | $169M | $172M |
| Shares (wtd avg diluted) | 35.4M | 38.9M | 42.8M | 43.3M | 43.8M | 44.8M | 45.1M | 45.5M | 46.0M | 64.7M |
Every figure is extracted from Pangaea Logistics Solutions Ltd.’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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