Castor Maritime Inc. CTRM
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.36
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $35.6M | $1.2M | $0 | $0 | $102.8M | $0 | $6.0M | $4.0M | — | — |
| SG&A | $19.4M | $13.3M | $5.7M | $7.0M | $3.3M | $1.1M | $378.8K | $109.2K | — | — |
| Total operating expenses | $89.5M | $47.7M | $75.5M | $77.1M | $47.4M | $12.0M | $4.7M | $3.0M | — | — |
| Operating income | -$18.4M | $21.4M | $22.0M | $73.1M | $55.4M | $452.0K | $1.3M | $987.2K | — | — |
| Interest expense | $5.0M | $6.1M | $11.3M | $7.7M | $2.3M | $2.2M | $222.2K | $3.4K | — | — |
| Pre-tax income | $22.4M | $15.4M | $21.5M | $66.9M | $53.1M | -$1.7M | $1.1M | $980.9K | — | — |
| Income tax | $323.1K | $134.0K | $177.8K | $388.7K | $291.2K | $21.6K | $0 | $0 | — | — |
| Net income | $19.3M | $14.6M | $38.6M | $118.6M | $52.3M | -$1.8M | $1.1M | $980.9K | — | — |
| EPS, basic | 1.13 | 3.50 | 3.86 | 12.53 | 0.48 | -0.26 | 3.11 | -0.28 | — | — |
| EPS, diluted | 0.36 | 0.38 | 1.74 | 12.53 | 0.47 | -0.26 | 3.11 | -0.28 | — | — |
| Shares, diluted (wtd. avg.) | 53.7M | 38.7M | 22.0M | 9.5M | 85.3M | 6.8M | 266,238 | 2.4M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $151.8M | $87.9M | $111.4M | $152.3M | $43.4M | $9.4M | $5.1M | $1.9M | $836.5K | $0 |
| Receivables | $7.9M | $2.7M | $2.9M | $2.7M | $8.2M | $1.3M | $216.5K | $671.0K | $342.6K | — |
| Inventory | $791.8K | $1.6M | $977.6K | $1.9M | $4.4M | $714.8K | $143.5K | $57.5K | $46.6K | — |
| Total current assets | $221.4M | $253.9M | $242.3M | $166.5M | $55.0M | $13.6M | $6.2M | $2.8M | $1.4M | — |
| Property, plant and equipment | — | — | $229.5M | $343.4M | $394.0M | $58.0M | $23.7M | $7.0M | $7.3M | — |
| Goodwill | $24.1M | $17.9M | $0 | — | — | — | — | — | — | — |
| Other intangibles | $21.2M | $19.3M | $0 | — | — | — | — | — | — | — |
| Total assets | $797.4M | $797.4M | $605.0M | $633.1M | $462.9M | $74.4M | $30.4M | $10.2M | $9.2M | — |
| Accounts payable | $3.7M | $2.1M | $2.8M | $7.6M | $5.0M | $2.1M | $410.6K | $244.4K | $105.1K | — |
| Total current liabilities | $34.4M | $64.4M | $28.6M | $51.6M | $34.0M | $10.9M | $3.0M | $432.8K | $224.3K | — |
| Long-term debt | — | — | $85.8M | $138.8M | $102.0M | $13.2M | $10.8M | — | — | — |
| Retained earnings | $239.5M | $228.5M | $194.7M | $157.7M | $39.2M | -$1.3M | $436.8K | $2.1M | $630.8K | — |
| Total equity | $525.4M | $492.4M | $461.2M | $461.5M | $342.9M | $52.4M | $13.2M | $9.8M | $8.5M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.0M | $41.9M | $22.2M | $95.7M | -$40.3M | -$2.3M | $2.3M | $902.7K | — | — |
| Depreciation and amortisation | $14.8M | $15.0M | $22.1M | $18.5M | $10.5M | $1.9M | $897.2K | $637.6K | — | — |
| Stock-based compensation | $242.6K | $9.5K | $0 | $0 | — | — | — | — | — | — |
| Capital expenditure | $699.2K | $72.2M | $623.3K | $75.6M | $235.0M | $35.5M | $17.2M | $0 | — | — |
| Investing cash flow | $97.1M | -$133.5M | -$9.0M | -$75.5M | -$237.4M | -$35.5M | -$17.2M | $0 | — | — |
| Financing cash flow | -$46.3M | $59.6M | -$2.1M | $52.0M | $305.9M | $42.2M | $18.1M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014700.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $4.0M | $6.0M | $0 | $102.8M | $0 | $0 | $1.2M | $35.6M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | $980.9K | $1.1M | -$1.8M | $52.3M | $118.6M | $38.6M | $14.6M | $19.3M |
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