Himalaya Shipping Ltd. (HSHP) Income Statement
HSHP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHSHP revenue and net income
Where HSHP's revenue goes
2025Each bar shows an amount and its share of revenue. HSHP kept 13.4% of revenue as net income.
HSHP profit margins
HSHP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.7% | +152.4% | — | — |
| Gross profit | +4.3% | — | — | — |
| Operating income | +2.4% | — | — | — |
| Net income | −15.9% | — | — | — |
| EPS (diluted) | −22.9% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HSHP quarterly EPS vs estimates
Himalaya Shipping beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 5, 2026.
HSHP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $131.9M | $123.6M | $36.7M | $8.2M | $0 |
| Cost of revenue | $29.6M | $25.5M | $18.3M | $0 | — |
| Gross profit | $102.3M | $98.1M | $18.5M | $0 | — |
| Sales, general & admin | $4.9M | $5.0M | $3.8M | $2.0M | $1.4M |
| Total operating expenses | $34.1M | $31.5M | $3.8M | $2.0M | $973,850 |
| Operating income | $68.2M | $66.6M | $14.6M | −$2.0M | −$973,850 |
| Interest income | $1.0M | $1.1M | $830,000 | $38,000 | — |
| Interest expense | $52.9M | $46.6M | $13.6M | $2.9M | — |
| Income before taxes | $17.7M | $21.1M | $1.5M | −$2.0M | −$973,850 |
| Income taxes | — | $11,000 | $57,161 | −$228,485 | −$236,558 |
| Net income | $17.7M | $21.0M | $1.5M | −$2.0M | −$973,850 |
| EBITDA | $99.8M | $94.2M | $24.2M | −$2.0M | −$973,850 |
| EPS (diluted) | $0.37 | $0.48 | $0.01 | −$0.03 | −$0.03 |
| Gross margin | 77.6% | 79.4% | 50.3% | 0.0% | — |
| Operating margin | 51.7% | 53.9% | 39.8% | −24.4% | — |
| Net margin | 13.4% | 17.0% | 4.1% | −24.4% | — |
| 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 | $53.7M | $33.6M | $42.1M | $37.9M | $29.9M | $22.0M | $29.6M | $39.2M | $31.2M | $23.6M | $18.3M | $10.2M |
| Cost of revenue | $7.8M | $15.2M | $7.6M | $7.5M | $14.8M | $7.1M | $14.6M | $14.2M | $12.4M | $10.7M | $7.4M | $6.3M |
| Gross profit | $45.9M | $18.4M | $34.5M | $30.4M | $15.1M | $14.9M | $15.0M | $25.0M | $18.8M | $12.9M | $10.9M | $3.9M |
| Sales, general & admin | $1.9M | $1.2M | $1.2M | $1.1M | $1.5M | $1.1M | $1.0M | $1.3M | $1.3M | $1.5M | $1.1M | $955,000 |
| Total operating expenses | $9.2M | $1.2M | $8.5M | $8.4M | $1.5M | $8.4M | $1.0M | $1.3M | $1.3M | $1.5M | $1.1M | $955,000 |
| Operating income | $36.7M | $17.2M | $26.0M | $22.0M | $13.6M | $6.5M | $14.0M | $23.7M | $17.5M | $11.4M | $9.8M | $3.0M |
| Interest income | $300,000 | $200,000 | $300,000 | $300,000 | $300,000 | $177,000 | $226,000 | $260,000 | $393,000 | $193,000 | $426,000 | $146,000 |
| Interest expense | $12.1M | $12.4M | $12.7M | $12.9M | $12.8M | $13.0M | $13.2M | $13.3M | $11.0M | $9.1M | $5.7M | $5.1M |
| Income before taxes | $24.6M | $5.0M | $13.5M | $9.5M | $1.1M | −$6.4M | $1.0M | $10.7M | $6.9M | $2.5M | $4.6M | −$2.0M |
| Income taxes | — | — | — | — | — | — | $7,000 | $4,000 | — | $2 | $2 | $3.2M |
| Net income | $24.6M | $5.0M | $13.5M | $9.5M | $1.1M | −$6.4M | $1.0M | $10.7M | $6.9M | $2.5M | $4.6M | −$2.0M |
| EBITDA | $44.0M | $24.7M | $33.5M | $29.7M | $21.2M | $14.0M | $21.5M | $31.2M | $24.4M | $17.1M | $13.9M | $6.3M |
| EPS (diluted) | $0.52 | $0.11 | $0.29 | $0.20 | $0.02 | −$0.14 | $0.02 | $0.24 | $0.16 | $0.06 | $0.11 | −$0.05 |
| Gross margin | 85.5% | 54.8% | 81.9% | 80.2% | 50.5% | 67.8% | 50.7% | 63.7% | 60.3% | 54.7% | 59.6% | 38.3% |
| Operating margin | 68.3% | 51.2% | 61.8% | 58.0% | 45.5% | 29.6% | 47.3% | 60.4% | 56.1% | 48.4% | 53.7% | 29.0% |
| Net margin | 45.8% | 14.9% | 32.1% | 25.1% | 3.7% | −29.0% | 3.4% | 27.2% | 22.1% | 10.6% | 25.1% | −19.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HSHP's financial statements (latest annual report filed March 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HSHP financial results
In fiscal year 2025 (ended December 31, 2025), Himalaya Shipping reported revenue of $131.9 million, up 6.7% from the year before. It had net income of $17.7 million (down 15.9%), a net profit margin of 13.4%. Diluted earnings per share came to $0.37.
See the HSHP stock overview for the latest quote and news, or the HSHP chart for price history and technical indicators.
HSHP income statement FAQ
What is Himalaya Shipping's annual revenue?
Himalaya Shipping reported total revenue of $131.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.7% from $123.6 million the previous year.
Is Himalaya Shipping profitable?
Yes. Himalaya Shipping reported net income of $17.7 million in fiscal 2025, a net profit margin of 13.4%; its operating margin was 51.7%.
What is Himalaya Shipping's gross margin?
Himalaya Shipping's gross margin was 77.6% in fiscal 2025: for every $100 of revenue, Himalaya Shipping kept $78 after the direct cost of its products and services.
What are Himalaya Shipping's earnings per share?
Himalaya Shipping earned $0.37 per diluted share in fiscal 2025, compared with $0.48 a year earlier.
When will Himalaya Shipping report its next earnings?
Himalaya Shipping is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Himalaya Shipping's fiscal year end?
Himalaya Shipping's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 12, 2026.