Diana Shipping Inc. (DSX) Income Statement
DSX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDSX revenue and net income
Where DSX's revenue goes
2025Each bar shows an amount and its share of revenue. DSX kept 8.3% of revenue as net income.
DSX profit margins
DSX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.4% | −9.7% | +4.7% | +3.1% |
| Gross profit | −14.9% | −23.7% | +22.1% | — |
| Operating income | −27.3% | −34.7% | — | — |
| Net income | +39.9% | −46.9% | — | — |
| EPS (diluted) | +50.0% | −52.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DSX quarterly EPS vs estimates
Diana Shipping beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 19, 2026 (estimate $0.10).
DSX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.5M | $228.2M | $262.1M | $290.0M | $214.2M | $169.7M | $220.7M | $226.2M | $161.9M | $114.3M |
| Cost of revenue | $139.2M | $140.9M | $148.9M | $122.3M | $120.8M | $142.4M | $153.0M | $155.1M | $186.0M | $181.4M |
| Gross profit | $74.4M | $87.3M | $113.2M | $167.7M | $93.4M | $27.4M | $67.7M | $71.1M | −$24.1M | −$67.1M |
| Sales, general & admin | $34.1M | $33.4M | $33.0M | $29.4M | $29.2M | $32.8M | $28.6M | $31.9M | $28.2M | $27.0M |
| Total operating expenses | $35.8M | $34.3M | $32.8M | $29.6M | $31.2M | $140.0M | $50.1M | $32.8M | $459.9M | $21.2M |
| Operating income | $38.5M | $53.0M | $80.4M | $138.1M | $62.2M | −$112.7M | $17.6M | $38.2M | −$484.0M | −$88.3M |
| Interest income | $7.5M | $8.4M | $7.5M | $2.7M | $5.1M | $21.9M | $27.8M | $21.4M | $27.5M | $75.0M |
| Interest expense | $40.6M | $44.7M | $49.3M | $24.7M | $22.7M | $22.1M | $28.0M | $28.3M | $25.0M | $19.5M |
| Income before taxes | $17.8M | $12.7M | $49.8M | $119.1M | $57.4M | −$134.2M | −$10.5M | $16.6M | −$511.7M | −$164.2M |
| Income taxes | — | — | $262,001 | −$5.7M | −$20.3M | −$21.5M | −$21.1M | −$50.8M | $431.4M | −$5.8M |
| Net income | $17.8M | $12.7M | $49.8M | $119.1M | $57.4M | −$134.2M | −$10.5M | $16.6M | −$511.7M | −$164.2M |
| EBITDA | $105.0M | $102.2M | $146.0M | $187.1M | $116.0M | −$71.0M | $66.3M | $97.1M | −$399.7M | −$63.1M |
| EPS (diluted) | $0.12 | $0.08 | $0.36 | $1.15 | $0.35 | −$0.36 | $0.03 | $0.08 | −$0.79 | −$1.37 |
| Gross margin | 34.8% | 38.3% | 43.2% | 57.8% | 43.6% | 16.1% | 30.7% | 31.4% | −14.9% | −58.7% |
| Operating margin | 18.0% | 23.2% | 30.7% | 47.6% | 29.0% | −66.4% | 8.0% | 16.9% | −298.9% | −77.3% |
| Net margin | 8.3% | 5.6% | 19.0% | 41.1% | 26.8% | −79.1% | −4.8% | 7.3% | −316.1% | −143.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.3M | $54.7M | $52.1M | $51.9M | $54.7M | $54.9M | $57.1M | $57.5M | $56.0M | $57.6M | $60.0M | $62.1M |
| Cost of revenue | $36.5M | $34.5M | $35.4M | $34.9M | $34.7M | $34.1M | $34.1M | $36.1M | $35.4M | $35.2M | $36.4M | $35.8M |
| Gross profit | $20.8M | $20.2M | $16.6M | $17.0M | $20.0M | $20.8M | $22.9M | $21.4M | $20.6M | $22.4M | $23.7M | $26.3M |
| Sales, general & admin | $8.3M | $8.7M | $9.0M | $8.0M | $8.9M | $8.2M | $8.3M | $8.4M | $8.5M | $8.5M | $8.4M | $8.9M |
| Total operating expenses | $8.7M | $8.9M | $9.4M | $8.2M | $9.5M | $8.7M | $8.4M | $4.7M | $8.4M | $7.0M | $8.7M | $8.5M |
| Operating income | $12.1M | $11.3M | $7.3M | $8.7M | $10.4M | $12.1M | $14.5M | $16.7M | $12.2M | $15.4M | $15.0M | $17.8M |
| Interest income | $2.7M | $3.9M | $1.7M | $2.0M | $1.9M | $1.9M | $2.4M | $2.2M | $2.0M | $1.7M | $2.1M | $2.3M |
| Interest expense | $9.6M | $9.8M | $8.0M | $10.7M | $10.8M | $11.1M | $8.9M | $12.2M | $11.6M | $12.1M | $12.6M | $12.8M |
| Income before taxes | $20.8M | $29.1M | $3.1M | $7.2M | $4.5M | $3.0M | $9.7M | $3.7M | −$2.8M | $2.1M | $9.9M | $7.4M |
| Income taxes | — | — | — | — | — | — | — | — | $1 | $508,000 | $508,001 | $10.5M |
| Net income | $20.8M | $29.1M | $3.1M | $7.2M | $4.5M | $3.0M | $9.7M | $3.7M | −$2.8M | $2.1M | $9.4M | $7.4M |
| EBITDA | $30.4M | $51.0M | $23.2M | $29.5M | $26.9M | $25.3M | $30.0M | $27.1M | $19.8M | $25.2M | $26.5M | $31.8M |
| EPS (diluted) | $0.16 | $0.06 | $0.02 | $0.05 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.03 | $0.07 | $0.05 |
| Gross margin | 36.2% | 36.9% | 31.9% | 32.7% | 36.5% | 37.9% | 40.2% | 37.2% | 36.8% | 38.9% | 39.4% | 42.4% |
| Operating margin | 21.1% | 20.6% | 13.9% | 16.8% | 19.1% | 22.0% | 25.4% | 29.1% | 21.7% | 26.7% | 24.9% | 28.6% |
| Net margin | 36.2% | 53.3% | 6.0% | 13.8% | 8.3% | 5.5% | 17.1% | 6.5% | −4.9% | 3.6% | 15.6% | 11.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DSX's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DSX financial results
In fiscal year 2025 (ended December 31, 2025), Diana Shipping reported revenue of $213.5 million, down 6.4% from the year before. It had net income of $17.8 million (up 39.9%), a net profit margin of 8.3%. Diluted earnings per share came to $0.12. Over five years revenue grew at an average rate of 4.7% a year.
See the DSX stock overview for the latest quote and news, or the DSX chart for price history and technical indicators.
DSX income statement FAQ
What is Diana Shipping's annual revenue?
Diana Shipping reported total revenue of $213.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 6.4% from $228.2 million the previous year.
Is Diana Shipping profitable?
Yes. Diana Shipping reported net income of $17.8 million in fiscal 2025, a net profit margin of 8.3%; its operating margin was 18.0%.
What is Diana Shipping's gross margin?
Diana Shipping's gross margin was 34.8% in fiscal 2025: for every $100 of revenue, Diana Shipping kept $35 after the direct cost of its products and services.
How fast is Diana Shipping growing?
Revenue grew 4.7% a year on average over the last five fiscal years, from $169.7 million to $213.5 million.
What are Diana Shipping's earnings per share?
Diana Shipping earned $0.12 per diluted share in fiscal 2025, compared with $0.08 a year earlier.
When will Diana Shipping report its next earnings?
Diana Shipping is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 before the market opens.
When does Diana Shipping's fiscal year end?
Diana Shipping's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.