EuroDry Ltd. (EDRY) Income Statement
EDRY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEDRY revenue and net income
Where EDRY's revenue goes
2025Each bar shows an amount and its share of revenue. EDRY kept −8.2% of revenue as net income.
EDRY profit margins
EDRY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −14.4% | −9.4% | +18.6% | — |
| Gross profit | −69.2% | −44.4% | +32.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EDRY quarterly EPS vs estimates
EuroDry beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 12, 2026 (estimate $1.70).
EDRY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.3M | $61.1M | $47.6M | $70.2M | $64.4M | $22.3M | $27.2M | $24.5M | $19.2M | $7.9M |
| Cost of revenue | $45.9M | $40.3M | $39.1M | $32.9M | $20.5M | $20.7M | $20.0M | $15.0M | $14.1M | $8.2M |
| Gross profit | $6.4M | $20.8M | $8.5M | $37.3M | $44.0M | $1.6M | $7.2M | $9.5M | $5.1M | −$340,726 |
| Sales, general & admin | $3.2M | $7.5M | $6.9M | $3.1M | $5.1M | $2.3M | $2.3M | $5.5M | $2.5M | $1.6M |
| Total operating expenses | $7.6M | $24.2M | $6.9M | $3.2M | $5.1M | $4.3M | $4.2M | $5.5M | $2.5M | $1.6M |
| Operating income | −$1.2M | −$3.3M | $1.6M | $34.1M | $38.9M | −$2.7M | $3.0M | $4.0M | $2.6M | −$9.0M |
| Interest income | $206,704 | $103,524 | $778,264 | $46,298 | $10,484 | $4,094 | $22,216 | $14,083 | $0 | $53 |
| Interest expense | $6.9M | $8.0M | $6.5M | $3.9M | $2.3M | $2.3M | $3.5M | $2.9M | $1.8M | $1.2M |
| Income before taxes | −$3.8M | −$10.6M | −$3.3M | $33.5M | $31.2M | −$5.9M | $16,497 | $1.1M | $849,701 | −$10.1M |
| Income taxes | — | — | −$374,069 | −$6.1M | $2.3M | $2.3M | $3.5M | $38,909 | $1.8M | $1.2M |
| Net income | −$4.3M | −$9.7M | −$2.9M | $33.5M | $31.2M | −$5.9M | $16,497 | $1.1M | $849,701 | −$10.1M |
| EBITDA | $15.8M | $13.3M | $14.2M | $48.2M | $41.1M | $3.0M | $10.0M | $9.5M | $7.5M | −$5.2M |
| EPS (diluted) | −$2.54 | −$2.47 | −$1.04 | $11.55 | $10.73 | −$3.28 | −$1.25 | $1.47 | $0.38 | — |
| Gross margin | 12.3% | 34.1% | 17.8% | 53.1% | 68.2% | 7.0% | 26.5% | 38.8% | 26.5% | −4.3% |
| Operating margin | −2.2% | −5.5% | 3.3% | 48.6% | 60.3% | −12.3% | 11.0% | 16.3% | 13.7% | −113.8% |
| Net margin | −8.2% | −15.8% | −6.1% | 47.8% | 48.3% | −26.4% | 0.1% | 4.6% | 4.4% | −128.7% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7M | $17.7M | $12.8M | $17.4M | $14.4M | $11.3M | $9.2M | $14.5M | $14.7M | $17.4M | $14.4M | $15.9M |
| Cost of revenue | $7.0M | $7.0M | $8.8M | $12.2M | $11.5M | $10.6M | $11.6M | $7.8M | $15.8M | $14.1M | $12.9M | $10.3M |
| Gross profit | $10.7M | $10.7M | $4.0M | $5.2M | $2.9M | $642,885 | −$2.4M | $6.7M | −$1.1M | $3.4M | $1.5M | $5.6M |
| Sales, general & admin | — | $837,083 | $880,227 | $766,056 | $756,406 | $823,767 | $824,824 | $1.9M | $841,997 | $1.8M | $1.9M | $2.2M |
| Total operating expenses | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $2.0M | −$205,733 | $8.2M | $1.9M | $1.8M | $1.9M | $2.2M |
| Operating income | $8.8M | $8.8M | $2.1M | $3.3M | $1.1M | −$1.3M | −$2.1M | −$1.5M | −$3.0M | $1.6M | −$413,870 | $3.4M |
| Interest income | — | $21,355 | $25,045 | $38,672 | $145,173 | $7,944 | $14,915 | $25,807 | $16,166 | $32,323 | $29,228 | $164,036 |
| Interest expense | $1.5M | $1.5M | $1.5M | $1.6M | $1.7M | $1.7M | $1.8M | $1.9M | $2.0M | $2.0M | $2.1M | $2.0M |
| Income before taxes | $6.9M | $6.9M | $418,306 | $3.8M | −$502,387 | −$3.1M | −$4.0M | −$3.1M | −$5.2M | −$333,479 | −$1.9M | −$26,362 |
| Income taxes | — | — | — | — | — | — | — | — | — | $77,858 | −$127,932 | −$374,069 |
| Net income | $6.6M | $6.6M | $256,440 | $3.2M | −$673,477 | −$3.1M | −$3.7M | −$3.3M | −$4.2M | −$411,337 | −$1.8M | $347,706 |
| EBITDA | $11.8M | $11.8M | $4.9M | $8.4M | $4.4M | $1.8M | $996,669 | $4.8M | $242,041 | $5.2M | $3.6M | $6.6M |
| EPS (diluted) | — | $2.44 | $0.12 | $0.88 | −$0.23 | −$1.12 | −$2.07 | −$0.25 | −$1.42 | −$0.15 | −$0.65 | $0.13 |
| Gross margin | 60.3% | 60.3% | 31.3% | 29.9% | 20.3% | 5.7% | −25.6% | 46.0% | −7.1% | 19.2% | 10.2% | 35.1% |
| Operating margin | 49.8% | 49.8% | 16.2% | 19.0% | 7.4% | −11.6% | −23.3% | −10.5% | −20.1% | 8.9% | −2.9% | 21.3% |
| Net margin | 37.2% | 37.2% | 2.0% | 18.3% | −4.7% | −27.2% | −40.2% | −22.6% | −28.4% | −2.4% | −12.4% | 2.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EDRY's financial statements (latest annual report filed April 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EDRY financial results
In fiscal year 2025 (ended December 31, 2025), EuroDry reported revenue of $52.3 million, down 14.4% from the year before. It had a net loss of $4.3 million, a net profit margin of −8.2%. Diluted earnings per share came to −$2.54. Over five years revenue grew at an average rate of 18.6% a year.
See the EDRY stock overview for the latest quote and news, or the EDRY chart for price history and technical indicators.
EDRY income statement FAQ
What is EuroDry's annual revenue?
EuroDry reported total revenue of $52.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 14.4% from $61.1 million the previous year.
Is EuroDry profitable?
No. EuroDry reported a net loss of $4.3 million in fiscal 2025, a net profit margin of −8.2%; its operating margin was −2.2%.
What is EuroDry's gross margin?
EuroDry's gross margin was 12.3% in fiscal 2025: for every $100 of revenue, EuroDry kept $12 after the direct cost of its products and services.
How fast is EuroDry growing?
Revenue grew 18.6% a year on average over the last five fiscal years, from $22.3 million to $52.3 million.
What are EuroDry's earnings per share?
EuroDry earned $-2.54 per diluted share in fiscal 2025, compared with $-2.47 a year earlier.
When will EuroDry report its next earnings?
EuroDry is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does EuroDry's fiscal year end?
EuroDry's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 28, 2026.