Icon Energy Corp. (ICON) Income Statement
ICON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsICON revenue and net income
Where ICON's revenue goes
2025Each bar shows an amount and its share of revenue. ICON kept −37.3% of revenue as net income.
ICON profit margins
ICON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +112.0% | +15.8% | — | −29.7% |
| Gross profit | +72.9% | −24.7% | — | −39.4% |
| Operating income | +5.9% | −65.1% | — | −49.6% |
| 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.
ICON quarterly EPS vs estimates
Icon Energy beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.24).
ICON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.3M | $5.3M | $4.5M | $7.2M | $6.0M | $0 | $149.0M | $187.7M | $225.8M | $368.5M |
| Cost of revenue | $8.7M | $3.8M | $1.2M | $1.3M | $851,000 | — | $0 | $0 | $0 | $0 |
| Gross profit | $2.5M | $1.5M | $3.3M | $5.9M | $5.1M | — | $149.0M | $187.7M | $225.8M | $368.5M |
| Sales, general & admin | $1.1M | $345,000 | $18,000 | $12,000 | $11,000 | $84.0M | $84.0M | $121.4M | $114.6M | $206.6M |
| Total operating expenses | $2.4M | $1.3M | $2.2M | $1.7M | $1.8M | $84.0M | $85.8M | $133.0M | $144.5M | $171.9M |
| Operating income | $180,000 | $170,000 | $1.1M | $4.2M | $3.3M | −$30.8M | $63.2M | $54.6M | $81.3M | $196.5M |
| Interest income | $127,000 | $72,000 | $56,000 | $13,000 | $4,000 | — | — | — | — | — |
| Interest expense | $3.8M | $452,000 | $3,000 | $3,000 | $2,000 | $67.7M | $57.3M | $59.2M | $67.9M | $97.5M |
| Income before taxes | −$4.2M | −$210,000 | $1.2M | $4.2M | $3.3M | −$93.8M | −$103.4M | −$83.1M | −$653.4M | −$326.0M |
| Income taxes | — | — | $869,105 | $17,000 | $7,000 | $8.1M | $8.1M | $6.5M | −$96.0M | −$76.5M |
| Net income | −$4.2M | −$210,000 | $1.2M | $4.2M | $3.3M | −$101.9M | −$111.5M | −$100.5M | −$489.3M | −$252.1M |
| EBITDA | $3.1M | $1.9M | $2.2M | $5.3M | $3.9M | −$24.9M | −$34.8M | −$32.4M | −$514.9M | −$227.6M |
| EPS (diluted) | −$82.43 | −$220.28 | $0.94 | $3.45 | — | −$2.87 | −$10.41 | −$7.35 | $0.77 | $6.50 |
| Gross margin | 22.5% | 27.6% | 73.2% | 81.9% | 85.7% | — | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 1.6% | 3.2% | 24.7% | 58.3% | 55.5% | — | 42.4% | 29.1% | 36.0% | 53.3% |
| Net margin | −37.3% | −4.0% | 25.8% | 58.6% | 55.6% | — | −74.8% | −53.6% | −216.6% | −68.4% |
| 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 | $4.2M | $3.6M | $3.5M | $4.2M | $2.0M | $1.7M | $1.7M | $863,000 | $1.4M | $1.4M | $1.2M | $939,000 |
| Cost of revenue | $2.4M | $2.4M | $2.8M | $2.4M | $1.9M | $1.6M | $1.6M | $1.1M | $634,000 | $720,000 | $305,000 | $786,000 |
| Gross profit | $1.8M | $1.2M | $716,000 | $1.8M | $110,000 | $116,000 | $116,000 | −$216,000 | $725,000 | $640,000 | $923,000 | $153,000 |
| Sales, general & admin | $1.0M | $709,000 | $243,000 | $153,000 | $197,000 | $234,000 | $234,000 | $99,000 | $7,000 | $5,000 | $19,000 | $31,000 |
| Total operating expenses | $1.9M | $1.2M | $608,000 | $505,000 | $481,000 | $513,000 | $2.1M | $179,000 | $169,000 | $234,000 | $528,000 | $100,000 |
| Operating income | −$148,000 | $41,000 | $108,000 | $1.3M | −$371,000 | −$397,000 | −$397,000 | −$395,000 | $556,000 | $406,000 | $395,000 | $53,000 |
| Interest income | $52,000 | $42,000 | $22,000 | $26,000 | $45,000 | $34,000 | $14,000 | $31,000 | $3,000 | $24,000 | $11,000 | $11,000 |
| Interest expense | $680,000 | $689,000 | $574,000 | $1.2M | $386,000 | $391,000 | $391,000 | $58,000 | $2,000 | $1,000 | $1,000 | $1,000 |
| Income before taxes | −$784,000 | $417,000 | −$581,000 | $78,000 | −$717,000 | −$772,000 | −$772,000 | −$425,000 | $557,000 | $430,000 | $403,000 | $64,000 |
| Income taxes | — | — | — | — | — | — | — | — | — | — | −$1,000 | −$10,000 |
| Net income | −$784,000 | $417,000 | −$581,000 | $78,000 | −$717,000 | −$772,000 | −$772,000 | −$425,000 | $557,000 | $430,000 | $403,000 | $64,000 |
| EBITDA | $982,000 | $2.2M | $1.0M | $2.3M | $408,000 | −$381,000 | — | −$367,000 | $559,000 | $689,000 | $666,000 | $77,000 |
| EPS (diluted) | −$0.62 | −$0.33 | −$14.71 | −$2.25 | −$4.58 | −$60.89 | −$304.45 | −$26.40 | $2.31 | $108.00 | — | — |
| Gross margin | 41.9% | 32.9% | 20.3% | 42.2% | 5.4% | 6.7% | 6.7% | −25.0% | 53.3% | 47.1% | 75.2% | 16.3% |
| Operating margin | −3.5% | 1.1% | 3.1% | 30.1% | −18.3% | −23.0% | −23.0% | −45.8% | 40.9% | 29.9% | 32.2% | 5.6% |
| Net margin | −18.7% | 11.4% | −16.4% | 1.9% | −35.5% | −44.7% | −44.7% | −49.2% | 41.0% | 31.6% | 32.8% | 6.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ICON's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ICON financial results
In fiscal year 2025 (ended December 31, 2025), Icon Energy reported revenue of $11.3 million, up 112.0% from the year before. It had a net loss of $4.2 million, a net profit margin of −37.3%. Diluted earnings per share came to −$82.43.
See the ICON stock overview for the latest quote and news, or the ICON chart for price history and technical indicators.
ICON income statement FAQ
What is Icon Energy's annual revenue?
Icon Energy reported total revenue of $11.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 112.0% from $5.3 million the previous year.
Is Icon Energy profitable?
No. Icon Energy reported a net loss of $4.2 million in fiscal 2025, a net profit margin of −37.3%; its operating margin was 1.6%.
What is Icon Energy's gross margin?
Icon Energy's gross margin was 22.5% in fiscal 2025: for every $100 of revenue, Icon Energy kept $23 after the direct cost of its products and services.
What are Icon Energy's earnings per share?
Icon Energy earned $-82.43 per diluted share in fiscal 2025, compared with $-220.28 a year earlier.
When will Icon Energy report its next earnings?
Icon Energy is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Icon Energy's fiscal year end?
Icon Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.