Performance Shipping Inc. (PSHG) Income Statement
PSHG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPSHG revenue and net income
Where PSHG's revenue goes
2025Each bar shows an amount and its share of revenue. PSHG kept 59.4% of revenue as net income.
PSHG profit margins
PSHG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.7% | +3.8% | +14.9% | +3.1% |
| Gross profit | −15.6% | −3.1% | +27.4% | +14.9% |
| Operating income | −22.1% | −6.6% | +50.1% | — |
| Net income | +14.3% | +60.9% | +67.6% | — |
| EPS (diluted) | −3.6% | — | +20.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PSHG quarterly EPS vs estimates
Performance Shipping beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 24, 2026.
PSHG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.2M | $87.4M | $108.9M | $75.2M | $36.5M | $42.0M | $26.8M | $25.6M | $23.8M | $33.2M |
| Cost of revenue | $41.9M | $37.3M | $41.0M | $28.7M | $31.5M | $29.4M | $18.5M | $21.7M | $32.6M | $46.1M |
| Gross profit | $42.3M | $50.1M | $67.9M | $46.5M | $5.0M | $12.6M | $8.4M | $3.9M | −$8.8M | −$12.9M |
| Sales, general & admin | $9.7M | $8.3M | $8.0M | $6.8M | $5.8M | $8.0M | $8.2M | $8.0M | $8.4M | $7.2M |
| Total operating expenses | $9.7M | $8.3M | −$7.6M | $6.5M | $13.4M | $8.3M | $8.3M | $8.0M | $8.4M | $7.2M |
| Operating income | $32.6M | $41.8M | $75.5M | $40.0M | −$8.5M | $4.3M | −$31.7M | −$41.4M | −$24.6M | −$142.0M |
| Interest income | $4.8M | $3.3M | $2.4M | $284,000 | $18,000 | $110,000 | $258,000 | $64,000 | $87,000 | $120,000 |
| Interest expense | $5.6M | $1.3M | $9.6M | $4.0M | $1.8M | $1.7M | $651,000 | $11.5M | $13.8M | $7.1M |
| Income before taxes | $50.0M | $43.7M | $69.4M | $42.1M | −$11.8M | $2.3M | −$32.1M | −$52.9M | $3.8M | −$149.0M |
| Income taxes | — | — | $2,000 | $5.8M | −$1.6M | $1.9M | −$31.4M | $49.0M | $6.3M | −$114.9M |
| Net income | $50.0M | $43.7M | $69.4M | $12.0M | −$9.7M | $3.8M | −$32.1M | −$52.9M | $3.8M | −$149.0M |
| EBITDA | $70.7M | $55.2M | $74.7M | $55.4M | −$10.0M | $9.9M | −$5.6M | −$8.0M | −$9.0M | −$125.4M |
| EPS (diluted) | $1.08 | $1.12 | $1.88 | −$2.53 | −$29.10 | $0.43 | −$0.95 | −$60.06 | −$1204855.44 | −$2750652.26 |
| Gross margin | 50.3% | 57.3% | 62.3% | 61.8% | 13.7% | 30.0% | 31.3% | 15.3% | −36.9% | −38.9% |
| Operating margin | 38.7% | 47.8% | 69.3% | 53.2% | −23.2% | 10.2% | −117.9% | −162.1% | −103.4% | −427.9% |
| Net margin | 59.4% | 50.0% | 63.7% | 16.0% | −26.6% | 9.0% | −119.4% | −206.9% | 16.0% | −448.9% |
| 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 | $34.7M | $33.8M | $26.2M | $18.5M | $18.1M | $21.3M | $21.7M | $22.9M | $20.5M | $22.4M | $23.8M | $24.1M |
| Cost of revenue | $15.6M | $9.7M | $12.8M | $7.1M | $8.2M | $9.9M | $10.3M | $8.9M | $9.1M | $9.0M | $10.7M | $10.1M |
| Gross profit | $19.0M | $24.1M | $13.4M | $11.4M | $9.9M | $11.4M | $11.4M | $14.0M | $11.4M | $13.4M | $13.2M | $14.1M |
| Sales, general & admin | $1.9M | $2.5M | $3.2M | $2.6M | $1.8M | $2.1M | $2.5M | $2.1M | $1.6M | $2.1M | $2.6M | $2.0M |
| Total operating expenses | $1.9M | $9.0M | $3.2M | $6.5M | $1.7M | −$17.3M | $2.4M | $2.2M | $1.6M | $2.1M | −$13.0M | $2.0M |
| Operating income | $17.1M | $15.1M | $10.2M | $4.9M | $8.2M | $28.7M | $9.0M | $11.8M | $9.8M | $11.3M | $26.2M | $12.1M |
| Interest income | $699,000 | $805,000 | $1.4M | $1.7M | $1.0M | $718,000 | $765,000 | $841,000 | $816,000 | $833,000 | $1.1M | $999,000 |
| Interest expense | $5.9M | $5.7M | $2.9M | $2.7M | $44,000 | $35,000 | $19,000 | $218,000 | $443,000 | $665,000 | $857,000 | $2.3M |
| Income before taxes | $11.9M | $10.2M | $7.6M | $3.9M | $9.1M | $29.4M | $9.7M | $12.4M | $10.2M | $11.4M | $25.0M | $10.4M |
| Income taxes | — | $4.9M | — | — | — | — | — | — | $1 | $3.3M | $1,000 | $93,750 |
| Net income | $11.9M | $10.2M | $7.6M | $3.9M | $9.1M | $29.4M | $9.7M | $12.4M | $10.2M | $11.4M | $25.0M | $10.4M |
| EBITDA | $23.6M | $21.6M | $15.2M | $8.8M | $9.1M | $32.7M | $12.3M | $16.0M | $13.9M | $15.4M | $25.8M | $16.5M |
| EPS (diluted) | $0.37 | — | — | $0.10 | $0.23 | $0.75 | $0.25 | $0.32 | $0.26 | $0.29 | $0.63 | $0.27 |
| Gross margin | 54.9% | 71.4% | 51.1% | 61.7% | 54.7% | 53.5% | 52.4% | 61.1% | 55.5% | 59.9% | 55.3% | 58.3% |
| Operating margin | 49.4% | 44.8% | 38.9% | 26.6% | 45.0% | 134.7% | 41.3% | 51.5% | 47.8% | 50.4% | 109.9% | 50.0% |
| Net margin | 34.3% | 30.3% | 28.9% | 21.1% | 50.0% | 137.9% | 44.8% | 54.2% | 49.7% | 51.1% | 104.7% | 43.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PSHG's financial statements (latest annual report filed April 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PSHG financial results
In fiscal year 2025 (ended December 31, 2025), Performance Shipping reported revenue of $84.2 million, down 3.7% from the year before. It had net income of $50.0 million (up 14.3%), a net profit margin of 59.4%. Diluted earnings per share came to $1.08. Over five years revenue grew at an average rate of 14.9% a year.
See the PSHG stock overview for the latest quote and news, or the PSHG chart for price history and technical indicators.
PSHG income statement FAQ
What is Performance Shipping's annual revenue?
Performance Shipping reported total revenue of $84.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 3.7% from $87.4 million the previous year.
Is Performance Shipping profitable?
Yes. Performance Shipping reported net income of $50.0 million in fiscal 2025, a net profit margin of 59.4%; its operating margin was 38.7%.
What is Performance Shipping's gross margin?
Performance Shipping's gross margin was 50.3% in fiscal 2025: for every $100 of revenue, Performance Shipping kept $50 after the direct cost of its products and services.
How fast is Performance Shipping growing?
Revenue grew 14.9% a year on average over the last five fiscal years, from $42.0 million to $84.2 million.
What are Performance Shipping's earnings per share?
Performance Shipping earned $1.08 per diluted share in fiscal 2025, compared with $1.12 a year earlier.
When will Performance Shipping report its next earnings?
Performance Shipping is expected to report results for the quarter ending September 30, 2026 on November 24, 2026.
When does Performance Shipping's fiscal year end?
Performance Shipping's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 27, 2026.