Heidmar Maritime Holdings Corp. (HMR) Income Statement
HMR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHMR revenue and net income
Where HMR's revenue goes
2025Each bar shows an amount and its share of revenue. HMR kept −40.4% of revenue as net income.
HMR profit margins
HMR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +92.9% | +22.9% | — | — |
| Gross profit | +210.6% | +34.2% | — | — |
| Operating income | −312.7% | — | — | — |
| Net income | −1,279.1% | — | — | — |
| EPS (diluted) | −1,366.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HMR quarterly EPS vs estimates
Heidmar Maritime beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 5, 2026 (estimate $0.04).
HMR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $55.9M | $28.9M | $49.1M | $30.1M | $4.8M |
| Cost of revenue | $2.8M | $11.9M | $19.4M | $8.1M | $330,081 |
| Gross profit | $53.1M | $17.1M | $29.7M | $22.0M | $4.4M |
| Sales, general & admin | $19.3M | $12.9M | $10.1M | $5.1M | $2.9M |
| Total operating expenses | $61.8M | $13.0M | $10.1M | $5.1M | $3.8M |
| Operating income | −$8.7M | $4.1M | $19.6M | $16.9M | $645,852 |
| Interest income | $268,183 | $506,137 | $938,342 | $7,717 | — |
| Interest expense | $0 | $1.9M | $1.4M | $751,431 | — |
| Income before taxes | −$8.6M | $1.9M | $19.6M | $16.2M | $1.1M |
| Net income | −$22.6M | $1.9M | $19.6M | $16.2M | $1.1M |
| EBITDA | −$8.6M | $3.9M | $20.9M | $17.0M | $1.5M |
| EPS (diluted) | −$0.38 | $0.03 | $0.34 | — | — |
| Gross margin | 95.0% | 59.0% | 60.6% | 73.1% | 93.1% |
| Operating margin | −15.6% | 14.1% | 40.0% | 56.3% | 13.5% |
| Net margin | −40.4% | 6.6% | 39.8% | 53.8% | 22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0M | $18.4M | $40.7M | $15.6M | $9.6M | $5.8M | $7.2M | $7.8M | $8.6M | $10.0M |
| Cost of revenue | $528,096 | $386,134 | $1.7M | $12.5M | $5.8M | $2.5M | $2.4M | $2.8M | $4.0M | $4.8M |
| Gross profit | $28.5M | $18.0M | $39.0M | $3.1M | $3.8M | $3.3M | $4.7M | $5.0M | $4.6M | $5.2M |
| Sales, general & admin | $5.6M | $3.6M | — | $3.1M | $4.7M | $6.1M | $2.7M | $4.6M | $2.2M | $2.4M |
| Total operating expenses | $26.7M | $15.2M | $45.0M | $2.3M | $4.7M | $5.2M | $2.8M | $4.6M | $2.2M | $2.4M |
| Operating income | $1.8M | $2.8M | −$6.1M | $837,118 | −$925,589 | −$1.9M | $2.0M | $400,050 | $2.4M | $2.8M |
| Interest income | — | — | — | — | $490,764 | $135,191 | — | $107,082 | $98,278 | — |
| Interest expense | — | $87,495 | — | — | $26,093 | $407,450 | $333,469 | $446,595 | $607,110 | $154,408 |
| Income before taxes | $2.2M | $2.8M | −$2.6M | $1.2M | −$108,205 | −$6.0M | $1.1M | $144,262 | $1.7M | $2.7M |
| Net income | $2.2M | $2.8M | −$2.8M | $1.2M | −$13.7M | −$6.0M | $1.1M | $144,222 | $1.7M | $2.7M |
| EBITDA | $1.8M | $2.8M | −$6.0M | $791,125 | −$43,456 | −$5.6M | $1.4M | $613,914 | $2.3M | $2.9M |
| EPS (diluted) | $0.04 | $0.06 | −$0.06 | $0.03 | $0.01 | $0.02 | $0.00 | — | — | — |
| Gross margin | 98.2% | 97.9% | 95.8% | 20.0% | 39.5% | 56.6% | 66.0% | 63.6% | 53.5% | 51.9% |
| Operating margin | 6.3% | 15.2% | −14.9% | 5.4% | −9.7% | −32.2% | 27.5% | 5.1% | 27.5% | 28.2% |
| Net margin | 7.6% | 15.2% | −6.9% | 7.5% | −143.3% | −103.4% | 15.3% | 1.8% | 20.0% | 27.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HMR's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HMR financial results
In fiscal year 2025 (ended December 31, 2025), Heidmar Maritime reported revenue of $55.9 million, up 92.9% from the year before. It had a net loss of $22.6 million, a net profit margin of −40.4%. Diluted earnings per share came to −$0.38.
See the HMR stock overview for the latest quote and news, or the HMR chart for price history and technical indicators.
HMR income statement FAQ
What is Heidmar Maritime's annual revenue?
Heidmar Maritime reported total revenue of $55.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 92.9% from $28.9 million the previous year.
Is Heidmar Maritime profitable?
No. Heidmar Maritime reported a net loss of $22.6 million in fiscal 2025, a net profit margin of −40.4%; its operating margin was −15.6%.
What is Heidmar Maritime's gross margin?
Heidmar Maritime's gross margin was 95.0% in fiscal 2025: for every $100 of revenue, Heidmar Maritime kept $95 after the direct cost of its products and services.
What are Heidmar Maritime's earnings per share?
Heidmar Maritime earned $-0.38 per diluted share in fiscal 2025, compared with $0.03 a year earlier.
When will Heidmar Maritime report its next earnings?
Heidmar Maritime is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Heidmar Maritime's fiscal year end?
Heidmar Maritime's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.