Castor Maritime Inc. (CTRM) Income Statement
CTRM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCTRM revenue and net income
Where CTRM's revenue goes
2025Each bar shows an amount and its share of revenue. CTRM kept 23.6% of revenue as net income.
CTRM profit margins
CTRM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.5% | −18.3% | +45.6% | — |
| Gross profit | +10.5% | −37.0% | +53.5% | — |
| Operating income | −106.2% | — | — | — |
| Net income | +31.8% | −45.4% | — | — |
| EPS (diluted) | −420.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CTRM quarterly EPS vs estimates
Next report: December 2, 2026.
CTRM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.8M | $66.2M | $97.5M | $150.2M | $132.0M | $12.5M | $6.0M | $4.0M | $2.0M |
| Cost of revenue | $60.1M | $46.6M | $69.0M | $63.5M | $66.5M | $9.9M | $4.0M | $2.4M | $1.5M |
| Gross profit | $21.7M | $19.7M | $28.5M | $86.7M | $65.5M | $2.6M | $2.0M | $1.6M | $559,867 |
| Research & development | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $19.4M | $18.2M | $12.8M | $16.4M | $10.0M | $2.1M | $723,168 | $570,880 | $149,940 |
| Total operating expenses | $21.8M | $18.2M | $6.5M | $13.6M | $10.0M | $2.1M | $591,077 | $570,880 | $149,940 |
| Operating income | −$92,883 | $1.5M | $22.0M | $73.1M | $55.5M | $452,029 | $1.4M | $987,188 | $409,927 |
| Interest income | $1.9M | $6.9M | $3.2M | $1.6M | $75,123 | $34,976 | $31,589 | $4,243 | $0 |
| Interest expense | $3.0M | $6.1M | $11.3M | $7.7M | $2.9M | $2.2M | $222,163 | $2,076 | $532 |
| Income before taxes | $22.4M | $15.4M | $21.5M | $66.9M | $52.8M | −$1.7M | $1.1M | $980,938 | $878,644 |
| Income taxes | $865,869 | $133,988 | $177,794 | $388,669 | $497,339 | $21,640 | −$711,137 | $14,789 | −$937,226 |
| Net income | $19.3M | $14.6M | $38.6M | $118.6M | $52.3M | −$1.8M | $1.1M | $980,938 | $878,644 |
| EBITDA | $40.2M | $36.6M | $55.7M | $92.3M | $70.0M | $2.4M | $2.2M | $1.7M | $592,273 |
| EPS (diluted) | −$2.88 | $0.90 | $1.19 | $1.25 | $0.61 | −$0.15 | $2.06 | $2.57 | −$2.07 |
| Gross margin | 26.5% | 29.7% | 29.2% | 57.7% | 49.6% | 20.4% | 33.6% | 39.3% | 27.7% |
| Operating margin | −0.1% | 2.3% | 22.6% | 48.7% | 42.0% | 3.6% | 23.7% | 24.9% | 20.3% |
| Net margin | 23.6% | 22.1% | 39.6% | 78.9% | 39.6% | −14.0% | 18.2% | 24.8% | 43.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.6M | $21.3M | $22.6M | $21.0M | $20.3M | $16.2M | $13.4M | $16.3M | $20.4M | $26.4M | $21.4M | $25.3M |
| Cost of revenue | $18.0M | $14.3M | $16.7M | $14.2M | $15.0M | $12.7M | $9.9M | $11.0M | $13.0M | $16.0M | $17.3M | $17.3M |
| Gross profit | $7.5M | $6.9M | $5.9M | $6.8M | $5.4M | $3.5M | $3.6M | $5.3M | $7.3M | $10.3M | $4.1M | $8.0M |
| Sales, general & admin | $4.6M | $3.9M | $5.3M | $4.6M | $4.1M | $1.4M | $2.6M | $2.5M | $1.9M | $1.3M | $3.4M | $3.5M |
| Total operating expenses | $5.6M | $4.7M | $21.2M | $2.5M | $38.8M | $15.4M | $2.6M | −$10.3M | −$4.5M | $2.9M | $280,165 | $326,169 |
| Operating income | $2.0M | $2.2M | $1.4M | $4.3M | −$33.4M | $777,403 | $981,382 | $15.6M | $11.9M | $7.4M | $3.8M | $7.6M |
| Interest income | — | — | — | — | — | $1.0M | $2.5M | $1.9M | $1.5M | $1.0M | $766,690 | — |
| Interest expense | $2.3M | $337,528 | $484,133 | $372,607 | $1.3M | $388,065 | $1.0M | $1.3M | $2.0M | $1.4M | $1.9M | $2.4M |
| Income before taxes | $27.4M | $70.8M | $18.3M | $20.5M | −$23.1M | −$32.7M | $2.8M | $22.9M | $22.4M | $25.1M | −$5.4M | $8.2M |
| Income taxes | $603,551 | $1.6M | — | −$457,220 | $294,409 | — | $5,078 | $31,320 | $63,289 | $78,888 | $33,727 | $42,273 |
| Net income | $18.5M | $47.0M | $14.1M | $19.0M | −$19.1M | −$33.4M | $2.8M | $22.9M | $22.3M | $25.0M | −$5.4M | $8.2M |
| EBITDA | $5.9M | $74.5M | $23.5M | $24.3M | $3.4M | — | $4.7M | $26.8M | $7.8M | $31.6M | $2.5M | $16.1M |
| EPS (diluted) | $0.23 | $0.21 | $0.20 | $0.34 | −$1.24 | −$1.24 | $0.10 | $0.99 | $1.05 | $1.05 | −$0.06 | $0.09 |
| Gross margin | 29.5% | 32.6% | 26.0% | 32.2% | 26.5% | 21.6% | 26.5% | 32.3% | 36.0% | 39.2% | 19.0% | 31.5% |
| Operating margin | 7.7% | 10.6% | 6.0% | 20.4% | −164.4% | 4.8% | 7.3% | 95.6% | 58.3% | 28.2% | 17.7% | 30.2% |
| Net margin | 72.3% | 221.1% | 62.4% | 90.6% | −93.8% | −206.7% | 21.2% | 140.4% | 109.5% | 94.9% | −25.2% | 32.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CTRM's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CTRM financial results
In fiscal year 2025 (ended December 31, 2025), Castor Maritime reported revenue of $81.8 million, up 23.5% from the year before. It had net income of $19.3 million (up 31.8%), a net profit margin of 23.6%. Diluted earnings per share came to −$2.88. Over five years revenue grew at an average rate of 45.6% a year.
See the CTRM stock overview for the latest quote and news, or the CTRM chart for price history and technical indicators.
CTRM income statement FAQ
What is Castor Maritime's annual revenue?
Castor Maritime reported total revenue of $81.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.5% from $66.2 million the previous year.
Is Castor Maritime profitable?
Yes. Castor Maritime reported net income of $19.3 million in fiscal 2025, a net profit margin of 23.6%; its operating margin was −0.1%.
What is Castor Maritime's gross margin?
Castor Maritime's gross margin was 26.5% in fiscal 2025: for every $100 of revenue, Castor Maritime kept $27 after the direct cost of its products and services.
How fast is Castor Maritime growing?
Revenue grew 45.6% a year on average over the last five fiscal years, from $12.5 million to $81.8 million.
What are Castor Maritime's earnings per share?
Castor Maritime earned $-2.88 per diluted share in fiscal 2025, compared with $0.90 a year earlier.
When will Castor Maritime report its next earnings?
Castor Maritime is expected to report results for the quarter ending September 30, 2026 on December 2, 2026 before the market opens.
When does Castor Maritime's fiscal year end?
Castor Maritime's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.