Pangaea Logistics Solutions Ltd. (PANL) Financial Statements
Industry: Deep Sea Foreign Transportation of Freight
In fiscal 2025, Pangaea Logistics Solutions reported revenue of $632.0M, up 17.8% from $536.5M the year before. Net income was $19.4M (a 3.1% net margin), or $0.30 per diluted share. Operating margin was 6.5%. Operating activities generated $53.7M of cash. At fiscal year end, Pangaea Logistics Solutions held $928.1M in total assets against $498.8M in total liabilities, including $103.1M of cash and equivalents.
Open the full interactive Pangaea Logistics Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
Pangaea Logistics Solutions Key Stats
| Share Price | $8.48 |
|---|---|
| Market Cap | $551.4M |
| P/E Ratio | 28.3 |
| Revenue YoY Growth | +17.8% |
| 52-Week Range | $4.58 – $9.17 |
| Shares Outstanding | 64.4 million (basic, 2026 Q2) |
Pangaea Logistics Solutions Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $382.9M | $718.1M | $699.7M | $499.3M | $536.5M | $632.0M |
| Operating Income | $19.7M | $78.9M | $105.5M | $44.6M | $48.4M | $40.9M |
| Pre-Tax Income | $11.9M | $67.8M | $79.9M | $26.7M | $29.3M | $19.7M |
| Income Tax | $578,000 | $605,000 | $443,000 | $417,000 | $389,000 | $366,000 |
| Net Income | $11.4M | $67.2M | $79.5M | $26.3M | $28.9M | $19.4M |
| Diluted EPS | $0.26 | $1.50 | $1.76 | $0.58 | $0.63 | $0.30 |
Pangaea Logistics Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $168.7M | $183.9M | $170.6M | $187.1M |
| Net Income | $12.2M | $11.9M | $13.3M | $10.2M |
| Diluted EPS | $0.19 | $0.18 | $0.21 | $0.16 |
Pangaea Logistics Solutions Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $46.9M | $56.2M | $128.4M | $99.0M | $86.8M | $103.1M |
| Current Assets | $113.0M | $184.0M | $222.5M | $191.8M | $192.0M | $215.8M |
| Total Assets | $450.4M | $707.0M | $748.2M | $705.2M | $936.5M | $928.1M |
| Current Liabilities | $110.8M | $111.7M | $92.2M | $105.3M | $109.1M | $128.0M |
| Total Long-Term Debt | $105.8M | $105.8M | $98.8M | $68.4M | $257.2M | $97.2M |
| Total Liabilities | $267.6M | $459.8M | $434.0M | $381.3M | $508.6M | $498.8M |
| Shareholders' Equity | $182.8M | $247.2M | $314.2M | $323.9M | $427.8M | $429.3M |
Pangaea Logistics Solutions Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $20.8M | $61.7M | $134.8M | $53.8M | $65.7M | $53.7M |
| Cash From Investing | -$6.9M | -$197.8M | -$28.5M | -$16.0M | -$67.7M | $11.4M |
| Cash From Financing | -$18.6M | $143.9M | -$34.1M | -$67.2M | -$10.2M | -$48.6M |
Figures from Pangaea Logistics Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Pangaea Logistics Solutions financials page for every line item.
Pangaea Logistics Solutions Company Profile
| Ticker | PANL |
|---|---|
| Exchange | Nasdaq |
| Industry | Deep Sea Foreign Transportation of Freight |
| Headquarters | Newport, Rhode Island |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001606909 |
Frequently Asked Questions
What was Pangaea Logistics Solutions' revenue in fiscal 2025?
Pangaea Logistics Solutions (PANL) reported revenue of $632.0M for fiscal 2025.
What is Pangaea Logistics Solutions' annual revenue history?
Pangaea Logistics Solutions' annual revenue by fiscal year: 2020: $382.9M; 2021: $718.1M; 2022: $699.7M; 2023: $499.3M; 2024: $536.5M; 2025: $632.0M.
What was Pangaea Logistics Solutions' net income in fiscal 2025?
Pangaea Logistics Solutions reported net income of $19.4M for fiscal 2025.
What was Pangaea Logistics Solutions' earnings per share (EPS) in fiscal 2025?
Pangaea Logistics Solutions' diluted EPS was $0.30 for fiscal 2025 (adjusted for any later stock splits).
What was Pangaea Logistics Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), Pangaea Logistics Solutions reported revenue of $187.1M.
How much debt does Pangaea Logistics Solutions have?
Pangaea Logistics Solutions reported $97.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Pangaea Logistics Solutions are outstanding?
Pangaea Logistics Solutions reported a weighted average of 64.4 million basic shares outstanding in 2026 Q2.
What is Pangaea Logistics Solutions' market cap?
Based on its latest closing price, Pangaea Logistics Solutions (PANL) has a market capitalization of about $551.4M.
When does Pangaea Logistics Solutions' fiscal year end?
Pangaea Logistics Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is Pangaea Logistics Solutions headquartered?
Pangaea Logistics Solutions lists its business address in Newport, Rhode Island in its SEC filings.
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