EuroDry Ltd. EDRY
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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
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Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $74.6M | $68.5M | $23.6M | $28.8M | $25.9M | — | — |
| Cost of revenue | — | — | — | — | — | — | — | $410.7K | $2.4M | $82.6K |
| Gross profit | — | — | — | — | — | — | — | $25.5M | — | — |
| SG&A | $3.2M | $3.3M | $3.5M | $3.1M | $2.6M | $2.3M | $2.3M | $2.3M | $917.2K | $798.8K |
| Total operating expenses | $49.3M | $67.4M | $46.5M | $36.1M | $25.6M | $25.0M | $24.2M | $20.5M | $16.5M | $16.8M |
| Operating income | $3.0M | -$6.3M | $1.1M | $34.1M | $38.9M | -$2.7M | $3.0M | $4.0M | $2.6M | -$9.0M |
| Interest expense | $6.5M | $7.7M | $6.3M | $3.6M | $2.0M | $2.2M | $3.4M | $2.5M | $1.6M | $689.7K |
| Net income | -$3.8M | -$13.5M | -$3.3M | $33.5M | $31.2M | -$5.9M | $16.5K | $1.1M | $849.7K | -$10.1M |
| EPS, basic | -1.55 | -4.62 | -1.05 | 11.66 | 11.63 | -3.28 | -0.85 | — | — | — |
| EPS, diluted | — | -4.62 | -1.05 | 11.61 | 11.54 | -3.28 | -0.85 | 0.25 | 0.38 | -6.21 |
| Shares, diluted (wtd. avg.) | 2.8M | 2.7M | 2.8M | 2.9M | 2.5M | 2.3M | 2.3M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $20.3M | $6.7M | $8.0M | $34.0M | $26.8M | $938.3K | $5.4M | $4.4M | $1.3M | $591.1K |
| Receivables | $3.3M | $8.4M | $6.7M | $7.1M | $775.0K | $1.5M | $1.8M | $2.2M | $593.8K | — |
| Inventory | $1.3M | $2.1M | $4.1M | $1.1M | $770.3K | $1.4M | $508.7K | $566.9K | $452.2K | — |
| Total current assets | $28.6M | $23.3M | $24.2M | $47.9M | $30.4M | $6.1M | $9.6M | $14.5M | $7.6M | — |
| Property, plant and equipment | $165.9M | $185.5M | $203.5M | $149.0M | $128.5M | $99.3M | $105.5M | $110.6M | $82.0M | — |
| Total assets | $212.1M | $219.7M | $231.1M | $199.5M | $161.3M | $107.5M | $117.7M | $127.7M | $97.5M | — |
| Accounts payable | $2.2M | $2.7M | $3.1M | $3.0M | $855.8K | $1.1M | $1.0M | $690.7K | $347.0K | — |
| Short-term debt | $12.0M | $11.8M | $17.8M | $22.9M | $13.9M | $13.8M | $6.8M | $6.9M | $8.0M | — |
| Total current liabilities | $18.7M | $18.8M | $25.5M | $27.2M | $17.7M | $19.3M | $11.2M | $9.0M | $9.6M | — |
| Long-term debt | $90.9M | $95.4M | $86.1M | $58.4M | $64.7M | $37.3M | $49.7M | $56.4M | $30.4M | — |
| Total liabilities | $109.6M | $114.1M | $111.6M | $85.6M | $82.4M | $57.0M | $61.2M | $65.4M | $64.6M | — |
| Retained earnings | $24.7M | $29.0M | $41.6M | $44.5M | $10.9M | -$18.5M | -$11.0M | -$9.1M | -$9.7M | — |
| Total equity | $93.3M | $96.7M | $119.4M | $113.9M | $78.9M | $34.6M | $41.8M | $43.5M | $32.9M | $31.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.8M | $4.8M | $11.8M | $33.0M | $39.1M | $2.3M | $15.1M | $4.0M | $2.9M | $4.3M |
| Depreciation and amortisation | $12.4M | $13.9M | $11.0M | $10.8M | $7.7M | $6.6M | $6.5M | $5.4M | $4.8M | $3.8M |
| Stock-based compensation | $801.2K | $954.1K | $798.0K | $788.7K | $230.6K | $245.9K | $184.8K | $137.5K | — | — |
| Capital expenditure | — | — | — | — | $36.8M | $611.1K | $1.1M | $29.0M | $9.6M | $24.2M |
| Investing cash flow | $5.7M | -$8.7M | -$65.3M | -$28.4M | -$36.8M | -$611.1K | -$1.1M | -$29.0M | -$9.6M | -$24.2M |
| Financing cash flow | -$4.7M | $1.7M | $30.5M | $3.0M | $22.6M | -$6.2M | -$12.6M | $27.9M | $9.3M | $20.5M |
| Buybacks | $0 | $1.3M | $2.0M | $2.0M | $0 | $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 0001171843-26-002768.
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 | — | — | $25.9M | $28.8M | $23.6M | $68.5M | $74.6M | — | — | — |
| Gross profit | — | — | $25.5M | — | — | — | — | — | — | — |
| Net income | -$10.1M | $849.7K | $1.1M | $16.5K | -$5.9M | $31.2M | $33.5M | -$3.3M | -$13.5M | -$3.8M |
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