Castor Maritime (CTRM) Financial Statements & Analysis

Castor Maritime (CTRM) Income Statement

Castor Maritime reported revenue of $81.81M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 23.5% from $66.24M a year earlier. Net income was $15.47M, up 5.8% year over year, a net margin of 18.9%. Gross margin was 39.7% and operating margin -22.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $25.57M, up 42.5% from the same quarter a year earlier.

Castor Maritime Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Castor Maritime Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	81.81	66.24	66.24	97.52	150.22	102.79	12.49	5.97	3.96	2.02
Cost of Revenue	43.09	46.59	46.59	69.04	44.09	28.29	8.96	3.96	2.40	1.46
Gross Profit	32.46	19.65	19.65	28.47	98.67	69.16	4.59	2.01	1.56	0.56
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	25.26	18.16	6.33	5.68	13.61	8.16	1.13	0.59	0.57	0.15
Operating Expenses	50.88	18.16	11.14	12.85	25.58	13.80	4.14	0.59	0.57	0.15
Operating Income	-18.42	1.49	8.51	15.62	73.09	55.36	0.45	1.42	0.99	0.41
Other Income/Expense
Interest Income	24.66	6.88	6.88	3.21	1.38	0.07	0.03	0.03	0.03	0.00
Interest Expense	3.04	6.09	4.05	9.83	-7.55	-2.17	-2.16	0.22	0.00	0.00
Other Income/Expense	40.29	13.94	6.13	13.91	-6.16	-2.26	-0.03	-0.33	-0.01	0.47
Income
Income Before Tax	22.41	15.44	15.44	21.48	66.93	53.10	-1.73	1.09	0.98	0.88
Income Tax Expense	0.32	0.13	0.13	0.18	0.39	0.29	0.02	0.00	0.00	0.00
Net Income	15.47	14.62	14.62	38.64	118.56	40.50	-1.75	1.09	0.98	0.88
Net Income - Continuous Operations	19.27	14.62	15.30	21.30	118.56	52.27	-1.75	1.09	0.98	0.88
Net Income - Discontinued Operations	-	-	-	17.34	52.02	-0.54	-	-	-	-
EBITDA	13.39	37.37	34.53	53.38	92.04	63.95	2.36	2.21	1.82	0.59
EBIT	-0.09	-	19.49	31.31	73.09	55.36	0.45	-	-	-
Depreciation & Amortization	14.76	15.85	15.04	22.08	18.94	8.59	1.75	0.90	0.71	0.18
Earnings Per Share
Basic EPS	1.00	4.00	4.00	4.00	13.00	5.00	-3.00	31.00	-28.00	35.00
Diluted EPS	-	1.00	-	2.00	13.00	5.00	-3.00	31.00	-119.00	35.00
Basic Shares Outstanding	9.66	9.66	9.66	9.57	9.46	8.39	0.68	0.03	0.02	0.02
Diluted Shares Outstanding	53.65	38.75	38.75	21.95	9.46	8.53	0.68	0.03	0.02	0.02

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Castor Maritime Financial Statements

What was Castor Maritime's revenue in fiscal 2025?

Castor Maritime reported revenue of $81.81M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 23.5% from $66.24M a year earlier.

Is Castor Maritime profitable?

Yes. Castor Maritime earned net income of $15.47M in fiscal 2025, a net margin of 18.9%. In fiscal 2024 it earned $14.62M.

What is Castor Maritime's operating margin?

Castor Maritime's operating income was −$18.42M on revenue of $81.81M in fiscal 2025, an operating margin of -22.5%, compared with 2.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition