Seanergy Maritime Holdings Corp. (SHIP) Income Statement
SHIP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSHIP revenue and net income
Where SHIP's revenue goes
2025Each bar shows an amount and its share of revenue. SHIP kept 13.2% of revenue as net income.
SHIP profit margins
SHIP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.6% | +8.1% | +20.1% | +30.3% |
| Gross profit | −46.5% | +5.2% | +53.3% | — |
| Operating income | −34.3% | +11.5% | — | — |
| Net income | −52.1% | +6.5% | — | — |
| EPS (diluted) | −46.8% | +0.8% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SHIP quarterly EPS vs estimates
Seanergy Maritime beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 12, 2026 (estimate $0.67).
SHIP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.1M | $167.5M | $110.2M | $125.0M | $153.1M | $63.3M | $86.5M | $91.5M | $74.8M | $34.7M |
| Cost of revenue | $95.5M | $50.3M | $69.8M | $71.3M | $70.0M | $56.0M | $66.6M | $73.5M | $55.6M | $43.8M |
| Gross profit | $62.6M | $117.2M | $40.4M | $53.8M | $83.2M | $7.4M | $19.9M | $18.0M | $19.3M | −$9.1M |
| Sales, general & admin | $20.5M | $24.7M | $22.7M | $17.4M | $13.7M | $6.6M | $6.0M | $6.5M | $5.1M | $4.1M |
| Total operating expenses | $21.5M | $54.6M | $19.1M | $24.1M | $17.2M | $7.7M | $7.8M | $25.7M | $16.5M | $5.6M |
| Operating income | $41.1M | $62.6M | $21.3M | $29.7M | $65.9M | −$268,000 | $12.0M | $4.3M | $2.8M | −$14.7M |
| Interest income | $1.4M | $2.1M | $2.0M | $1.4M | $161,000 | $208,000 | $213,000 | $83,000 | $47,000 | $20,000 |
| Interest expense | $21.7M | $18.7M | $18.3M | $12.3M | $10.8M | $23.4M | $23.6M | $25.3M | $17.4M | $9.9M |
| Income before taxes | $21.2M | $43.5M | $2.3M | $17.2M | $41.3M | −$18.4M | −$11.6M | −$21.1M | −$3.2M | −$24.6M |
| Income taxes | — | — | $71,001 | −$28,000 | $386,000 | $10.5M | $54,000 | $16,000 | $14.7M | $34,000 |
| Net income | $20.8M | $43.5M | $2.3M | $17.2M | $41.3M | −$18.4M | −$11.7M | −$21.1M | −$3.2M | −$24.6M |
| EBITDA | $79.1M | $92.4M | $45.2M | $52.9M | $69.3M | $17.8M | $14.2M | $15.1M | $24.7M | −$6.2M |
| EPS (diluted) | $1.26 | $2.37 | $0.36 | $1.23 | $2.34 | −$56.57 | −$649.60 | −$301.54 | −$569.97 | −$1734.01 |
| Gross margin | 39.6% | 70.0% | 36.7% | 43.0% | 54.3% | 11.7% | 23.0% | 19.7% | 25.8% | −26.3% |
| Operating margin | 26.0% | 37.4% | 19.4% | 23.7% | 43.0% | −0.4% | 13.9% | 4.7% | 3.7% | −42.4% |
| Net margin | 13.2% | 26.0% | 2.1% | 13.8% | 27.0% | −29.0% | −13.5% | −23.0% | −4.3% | −71.0% |
| 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 | $55.7M | $42.9M | $49.4M | $47.0M | $37.5M | $24.2M | $41.7M | $44.4M | $43.1M | $38.3M | $39.4M | $24.5M |
| Cost of revenue | $22.6M | $23.6M | $23.8M | $26.1M | $24.0M | $21.6M | $14.1M | $19.8M | $19.2M | $18.7M | $12.7M | $12.0M |
| Gross profit | $33.0M | $19.3M | $25.6M | $20.9M | $13.5M | $2.6M | $27.6M | $24.5M | $23.9M | $19.6M | $26.8M | $12.4M |
| Sales, general & admin | $6.9M | $7.3M | $6.8M | $4.6M | $5.0M | $4.1M | $8.7M | $6.8M | $4.5M | $4.8M | $5.5M | $6.4M |
| Total operating expenses | $7.1M | $7.5M | $7.1M | $4.9M | $5.3M | $4.3M | $16.8M | $6.8M | $4.5M | $4.9M | $12.1M | $12.4M |
| Operating income | $25.9M | $11.7M | $18.5M | $16.0M | $8.2M | −$1.7M | $10.7M | $17.7M | $19.4M | $14.7M | $14.7M | $21,000 |
| Interest income | $445,000 | $570,000 | $792,000 | $193,000 | $220,000 | $165,000 | $1.3M | $350,000 | $262,000 | $228,000 | $1.5M | $76,000 |
| Interest expense | $4.3M | $4.9M | $5.2M | $5.6M | $5.7M | $5.2M | $5.5M | $5.4M | $4.9M | $4.9M | $5.2M | $5.1M |
| Income before taxes | $26.2M | $9.7M | $12.5M | $12.8M | $2.9M | −$6.8M | $6.6M | $12.5M | $14.1M | $10.2M | $10.8M | −$5.0M |
| Income taxes | — | — | — | — | — | — | — | $194,000 | $2 | $463,002 | $335,000 | $5.1M |
| Net income | $25.6M | $9.5M | $12.3M | $12.4M | $2.8M | −$6.9M | $6.6M | $12.5M | $14.1M | $9.7M | $10.8M | −$5.0M |
| EBITDA | $35.1M | $24.1M | $27.0M | $27.7M | $17.6M | $6.7M | $18.9M | $25.6M | $26.0M | $21.9M | $22.2M | $7.1M |
| EPS (diluted) | $1.23 | $0.51 | $0.68 | $0.67 | $0.18 | −$0.27 | $0.34 | $0.69 | $0.77 | $0.57 | $0.55 | −$0.14 |
| Gross margin | 59.3% | 45.0% | 51.8% | 44.5% | 36.0% | 10.8% | 66.2% | 55.3% | 55.4% | 51.2% | 67.9% | 50.7% |
| Operating margin | 46.5% | 27.4% | 37.5% | 34.1% | 22.0% | −7.0% | 25.8% | 40.0% | 44.9% | 38.4% | 37.2% | 0.1% |
| Net margin | 45.9% | 22.2% | 24.9% | 26.5% | 7.4% | −28.4% | 15.9% | 28.3% | 32.8% | 25.3% | 27.5% | −20.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SHIP's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SHIP financial results
In fiscal year 2025 (ended December 31, 2025), Seanergy Maritime reported revenue of $158.1 million, down 5.6% from the year before. It had net income of $20.8 million (down 52.1%), a net profit margin of 13.2%. Diluted earnings per share came to $1.26. Over five years revenue grew at an average rate of 20.1% a year.
See the SHIP stock overview for the latest quote and news, or the SHIP chart for price history and technical indicators.
SHIP income statement FAQ
What is Seanergy Maritime's annual revenue?
Seanergy Maritime reported total revenue of $158.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.6% from $167.5 million the previous year.
Is Seanergy Maritime profitable?
Yes. Seanergy Maritime reported net income of $20.8 million in fiscal 2025, a net profit margin of 13.2%; its operating margin was 26.0%.
What is Seanergy Maritime's gross margin?
Seanergy Maritime's gross margin was 39.6% in fiscal 2025: for every $100 of revenue, Seanergy Maritime kept $40 after the direct cost of its products and services.
How fast is Seanergy Maritime growing?
Revenue grew 20.1% a year on average over the last five fiscal years, from $63.3 million to $158.1 million.
What are Seanergy Maritime's earnings per share?
Seanergy Maritime earned $1.26 per diluted share in fiscal 2025, compared with $2.37 a year earlier.
When will Seanergy Maritime report its next earnings?
Seanergy Maritime is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Seanergy Maritime's fiscal year end?
Seanergy Maritime's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.