OceanPal Inc. (SVRN) Income Statement
SVRN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSVRN revenue and net income
Where SVRN's revenue goes
2025Each bar shows an amount and its share of revenue. SVRN kept −462.4% of revenue as net income.
SVRN profit margins
SVRN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −45.1% | −9.6% | +8.4% | — |
| Gross profit | −160.7% | — | — | — |
| Operating income | — | — | — | — |
| 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.
SVRN quarterly EPS vs estimates
OceanPal beat the analyst EPS estimate in 0 of the last 2 quarters.
SVRN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.1M | $25.7M | $19.0M | $19.1M | $1.3M | $9.4M | $12.4M |
| Cost of revenue | $15.5M | $23.4M | $13.4M | $10.6M | $408,000 | $9.5M | $7.1M |
| Gross profit | −$1.4M | $2.3M | $5.5M | $8.5M | $926,000 | −$65,099 | $5.2M |
| Sales, general & admin | — | $6.2M | $6.5M | $4.0M | $901,024 | $2.0M | $809,205 |
| Total operating expenses | $27.2M | $20.4M | $13.3M | $8.9M | $792,000 | $3.7M | $4.6M |
| Operating income | −$28.6M | −$18.0M | −$7.7M | −$326,000 | $134,000 | −$3.8M | −$1.9M |
| Interest income | — | $312,000 | $504,000 | $0 | — | — | — |
| Interest expense | $1.6M | $109,000 | $909,000 | $0 | — | — | — |
| Income before taxes | −$65.2M | −$17.9M | −$2.0M | −$326,000 | $134,000 | −$3.8M | −$1.9M |
| Net income | −$65.2M | −$17.9M | −$2.0M | −$326,000 | $134,000 | −$3.8M | −$1.9M |
| EBITDA | −$22.8M | −$10.6M | $6.6M | $4.6M | $488,000 | −$1.6M | $3.7M |
| EPS (diluted) | −$86.35 | −$1319.99 | −$806.17 | −$0.78 | $2.53 | −$71.76 | — |
| Gross margin | −9.9% | 9.0% | 29.2% | 44.7% | 69.4% | −0.7% | 42.4% |
| Operating margin | −202.8% | −70.2% | −40.7% | −1.7% | 10.0% | −40.3% | −15.1% |
| Net margin | −462.4% | −69.5% | −10.4% | −1.7% | 10.0% | −40.3% | −15.1% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $3.6M | $3.1M | $3.1M | $5.8M | $7.5M | $6.7M | $5.7M | $3.9M | $5.4M | $3.9M | $5.7M |
| Cost of revenue | $1.7M | $1.7M | $3.2M | $3.2M | $7.1M | $5.8M | $5.2M | $5.2M | $3.9M | $3.2M | $3.1M | $6.8M |
| Gross profit | $2.0M | $2.0M | −$101,500 | −$101,500 | −$1.4M | $1.7M | $1.5M | $492,000 | $6,000 | $2.2M | $765,000 | $599,000 |
| Sales, general & admin | $11.4M | $11.4M | $1.9M | $1.9M | $1.4M | $1.6M | $1.7M | $1.9M | $1.3M | $1.4M | $1.2M | $1.1M |
| Total operating expenses | $12.3M | $12.3M | $5.2M | $5.2M | $6.7M | $1.9M | $9.8M | $1.9M | $1.6M | $3.9M | $3.4M | $3.1M |
| Operating income | −$10.4M | −$10.4M | −$5.3M | −$5.3M | −$8.1M | −$177,000 | −$8.3M | −$1.4M | −$3.3M | −$1.7M | −$2.6M | −$2.5M |
| Interest income | — | — | — | — | $5,000 | $51,000 | $121,000 | $135,000 | — | — | — | — |
| Interest expense | $558,500 | $558,500 | — | $75,000 | $75,000 | $34,000 | $0 | $0 | $8,000 | — | $911,000 | — |
| Income before taxes | −$27.4M | −$27.4M | −$5.2M | −$5.2M | −$8.2M | −$162,000 | −$8.2M | −$1.3M | −$3.4M | $1.3M | $88,000 | −$2.5M |
| Net income | −$27.4M | −$27.4M | −$5.2M | −$5.2M | −$8.2M | −$162,000 | −$8.2M | −$1.3M | −$3.4M | $1.3M | $88,000 | −$2.5M |
| EBITDA | −$8.9M | −$8.8M | −$2.0M | −$2.0M | −$8.1M | $1.5M | −$6.6M | $577,000 | −$1.6M | $365,000 | $2.9M | −$787,000 |
| EPS (diluted) | — | — | −$39.63 | −$1.26 | −$586.15 | −$41.33 | −$578.57 | −$113.94 | −$531.64 | $128.79 | −$194.77 | −$0.67 |
| Gross margin | 53.9% | 53.9% | −3.3% | −3.3% | −23.6% | 22.5% | 22.1% | 8.7% | 0.2% | 40.9% | 19.7% | 10.5% |
| Operating margin | −286.4% | −286.4% | −173.0% | −173.0% | −140.1% | −2.4% | −123.6% | −25.4% | −86.0% | −30.7% | −68.1% | −43.5% |
| Net margin | −756.1% | −756.1% | −169.5% | −169.5% | −141.7% | −2.2% | −121.8% | −23.0% | −87.5% | 23.3% | 2.3% | −43.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SVRN's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SVRN financial results
In fiscal year 2025 (ended December 31, 2025), OceanPal reported revenue of $14.1 million, down 45.1% from the year before. It had a net loss of $65.2 million, a net profit margin of −462.4%. Diluted earnings per share came to −$86.35. Over five years revenue grew at an average rate of 8.4% a year.
See the SVRN stock overview for the latest quote and news, or the SVRN chart for price history and technical indicators.
SVRN income statement FAQ
What is OceanPal's annual revenue?
OceanPal reported total revenue of $14.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 45.1% from $25.7 million the previous year.
Is OceanPal profitable?
No. OceanPal reported a net loss of $65.2 million in fiscal 2025, a net profit margin of −462.4%; its operating margin was −202.8%.
What is OceanPal's gross margin?
OceanPal's gross margin was −9.9% in fiscal 2025: for every $100 of revenue, OceanPal kept $-10 after the direct cost of its products and services.
How fast is OceanPal growing?
Revenue grew 8.4% a year on average over the last five fiscal years, from $9.4 million to $14.1 million.
What are OceanPal's earnings per share?
OceanPal earned $-86.35 per diluted share in fiscal 2025, compared with $-1319.99 a year earlier.
When does OceanPal's fiscal year end?
OceanPal's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.