Euroseas Ltd. (ESEA) Income Statement
ESEA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsESEA revenue and net income
Where ESEA's revenue goes
2025Each bar shows an amount and its share of revenue. ESEA kept 60.1% of revenue as net income.
ESEA profit margins
ESEA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.0% | +7.6% | +33.7% | +19.7% |
| Gross profit | +13.7% | +8.1% | +62.9% | — |
| Operating income | +8.3% | +6.8% | +69.5% | — |
| Net income | +21.5% | +8.8% | +102.3% | — |
| EPS (diluted) | +10.6% | +7.6% | +252.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ESEA quarterly EPS vs estimates
Euroseas beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 17, 2026 (estimate $4.40).
ESEA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $227.9M | $212.9M | $189.4M | $182.7M | $93.9M | $53.3M | $40.0M | $34.4M | $23.8M | $20.5M |
| Cost of revenue | $83.1M | $85.6M | $69.5M | $68.2M | $41.7M | $40.7M | $31.9M | $27.3M | $20.7M | $22.2M |
| Gross profit | $144.7M | $127.3M | $119.9M | $114.5M | $52.2M | $12.6M | $8.1M | $7.1M | $3.0M | −$1.7M |
| Sales, general & admin | $6.8M | $5.9M | $4.7M | $4.6M | $7.8M | $8.3M | $6.1M | $6.1M | $5.1M | $5.1M |
| Total operating expenses | $14.8M | $7.3M | $428,717 | $7.9M | $6.5M | $3.3M | $6.1M | $4.8M | $8.4M | $11.0M |
| Operating income | $129.9M | $120.0M | $119.4M | $106.6M | $45.7M | $9.3M | $2.0M | $2.3M | −$5.4M | −$12.7M |
| Interest income | $2.8M | $2.4M | $1.2M | $267,429 | $3,510 | $17,011 | $95,839 | $81,792 | $37,972 | $22,330 |
| Interest expense | $15.0M | $10.6M | $6.4M | $5.1M | $2.8M | $4.1M | $3.4M | $3.1M | $1.6M | $2.5M |
| Income before taxes | $137.0M | $112.8M | $114.5M | $106.2M | $43.0M | $4.0M | −$1.7M | −$663,396 | −$6.9M | −$34.1M |
| Income taxes | — | — | $1 | $395,298 | $2.8M | $4.1M | $3.4M | $51,412 | $3.4M | $289,512 |
| Net income | $137.0M | $112.8M | $114.5M | $106.2M | $43.0M | $4.0M | −$1.7M | −$108,890 | −$6.1M | −$44.2M |
| EBITDA | $180.6M | $149.8M | $143.8M | $129.8M | $52.9M | $14.8M | $5.9M | $5.7M | −$1.8M | −$27.7M |
| EPS (diluted) | $16.40 | $14.83 | $15.95 | $13.18 | $5.90 | $0.03 | −$1.92 | −$3.76 | −$3.04 | −$13.92 |
| Gross margin | 63.5% | 59.8% | 63.3% | 62.7% | 55.6% | 23.7% | 20.2% | 20.6% | 12.7% | −8.2% |
| Operating margin | 57.0% | 56.4% | 63.1% | 58.4% | 48.7% | 17.4% | 4.9% | 6.8% | −22.8% | −61.7% |
| Net margin | 60.1% | 53.0% | 60.5% | 58.2% | 45.8% | 7.6% | −4.2% | −0.3% | −25.7% | −215.2% |
| 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 | $56.5M | $56.5M | $55.8M | $57.4M | $56.9M | $57.2M | $56.3M | $53.3M | $54.1M | $58.7M | $46.7M | $49.1M |
| Cost of revenue | $18.7M | $18.7M | $18.1M | $18.9M | $21.2M | $20.7M | $22.3M | $15.3M | $20.1M | $19.3M | $23.5M | $19.4M |
| Gross profit | $37.8M | $37.8M | $37.7M | $38.4M | $35.7M | $36.6M | $34.0M | $38.0M | $34.1M | $39.4M | $23.2M | $29.7M |
| Sales, general & admin | — | $1.8M | $1.7M | $2.4M | $1.2M | $1.4M | $1.8M | $4.0M | $1.4M | $1.1M | $1.2M | $3.0M |
| Total operating expenses | $3.7M | $3.7M | $3.7M | $4.5M | $3.2M | $3.2M | −$6.5M | $11.4M | $3.4M | −$2.9M | $2.8M | $2.0M |
| Operating income | $34.0M | $34.0M | $34.0M | $33.9M | $32.5M | $33.4M | $40.5M | $26.6M | $30.7M | $42.3M | $20.4M | $27.7M |
| Interest income | — | $1.5M | $1.7M | $795,854 | $918,654 | $595,121 | $509,603 | $782,588 | $697,836 | $331,422 | $547,394 | $498,657 |
| Interest expense | $2.7M | $2.7M | $3.0M | $3.4M | $3.7M | $4.0M | $3.9M | $3.5M | $3.3M | $2.1M | $1.8M | $2.5M |
| Income before taxes | $32.6M | $32.6M | $32.5M | $40.5M | $29.7M | $29.9M | $36.9M | $24.4M | $27.6M | $40.7M | $20.0M | $24.7M |
| Income taxes | — | — | — | — | — | — | — | — | — | −$4 | $4 | $4 |
| Net income | $33.2M | $33.2M | $32.5M | $40.5M | $29.7M | $29.9M | $36.9M | $24.4M | $27.6M | $40.7M | $20.0M | $24.7M |
| EBITDA | $40.7M | $40.7M | $42.2M | $50.7M | $39.9M | $41.1M | $48.9M | $32.8M | $37.6M | $49.6M | $27.2M | $33.7M |
| EPS (diluted) | — | $4.70 | $4.70 | $4.48 | $4.23 | $4.20 | $3.49 | $3.33 | $3.92 | $4.92 | $2.66 | $3.61 |
| Gross margin | 66.8% | 66.8% | 67.6% | 67.0% | 62.8% | 63.9% | 60.4% | 71.3% | 62.9% | 67.2% | 49.7% | 60.4% |
| Operating margin | 60.2% | 60.2% | 61.0% | 59.1% | 57.1% | 58.3% | 71.8% | 50.0% | 56.6% | 72.1% | 43.6% | 56.5% |
| Net margin | 58.8% | 58.8% | 58.2% | 70.6% | 52.2% | 52.2% | 65.5% | 45.8% | 51.0% | 69.4% | 42.8% | 50.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ESEA's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ESEA financial results
In fiscal year 2025 (ended December 31, 2025), Euroseas reported revenue of $227.9 million, up 7.0% from the year before. It had net income of $137.0 million (up 21.5%), a net profit margin of 60.1%. Diluted earnings per share came to $16.40. Over five years revenue grew at an average rate of 33.7% a year.
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ESEA income statement FAQ
What is Euroseas's annual revenue?
Euroseas reported total revenue of $227.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 7.0% from $212.9 million the previous year.
Is Euroseas profitable?
Yes. Euroseas reported net income of $137.0 million in fiscal 2025, a net profit margin of 60.1%; its operating margin was 57.0%.
What is Euroseas's gross margin?
Euroseas's gross margin was 63.5% in fiscal 2025: for every $100 of revenue, Euroseas kept $64 after the direct cost of its products and services.
How fast is Euroseas growing?
Revenue grew 33.7% a year on average over the last five fiscal years, from $53.3 million to $227.9 million.
What are Euroseas's earnings per share?
Euroseas earned $16.40 per diluted share in fiscal 2025, compared with $14.83 a year earlier.
When will Euroseas report its next earnings?
Euroseas is expected to report results for the quarter ending September 30, 2026 on November 17, 2026 before the market opens.
When does Euroseas's fiscal year end?
Euroseas's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.