Euroseas (ESEA) Financial Statements & Analysis

Euroseas (ESEA) Income Statement

Euroseas reported revenue of $227.87M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.0% from $212.90M a year earlier. Net income was $136.97M, up 21.5% year over year, a net margin of 60.1%. Gross margin was 72.6% and operating margin 65.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $56.50M, down 1.3% from the same quarter a year earlier.

Euroseas Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Euroseas Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	227.87	212.90	189.36	182.69	93.89	53.30	40.02	34.42	23.76
Cost of Revenue	54.51	85.57	69.50	49.65	41.66	34.09	31.93	27.33	20.74
Gross Profit	165.36	127.33	119.86	128.12	52.23	19.21	8.09	7.10	3.02
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	14.80	5.94	4.74	9.49	7.79	8.33	6.12	6.10	5.13
Operating Expenses	15.86	13.01	0.43	21.48	6.50	14.94	6.12	4.76	8.43
Operating Income	149.50	114.32	119.43	106.64	45.73	4.27	1.98	2.34	-5.41
Other Income/Expense
Interest Income	2.82	2.36	1.40	0.27	0.00	0.02	0.10	0.08	0.04
Interest Expense	14.99	10.62	6.43	-0.37	2.78	-4.42	3.42	3.05	1.55
Other Income/Expense	-12.53	6.71	-4.88	-0.40	-2.77	-0.29	-3.66	-3.00	-1.53
Income
Income Before Tax	136.97	112.78	114.55	106.24	42.96	4.04	-1.68	-0.66	-6.94
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	136.97	112.78	114.55	106.24	42.96	4.04	-1.68	-0.11	-6.09
Net Income - Continuous Operations	136.97	112.78	114.55	106.24	42.96	4.04	-1.68	-0.11	-6.09
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	155.94	149.76	143.82	112.72	52.95	9.16	5.92	5.69	-1.80
EBIT	129.95	123.40	120.98	105.03	45.74	4.27	-	-	-
Depreciation & Amortization	28.61	26.37	22.84	7.69	7.20	4.89	4.18	3.31	3.59
Earnings Per Share
Basic EPS	20.00	16.00	17.00	15.00	6.00	1.00	-2.00	-	-4.00
Diluted EPS	20.00	16.00	17.00	15.00	6.00	1.00	-2.00	-	-4.00
Basic Shares Outstanding	6.94	6.94	6.93	7.18	6.98	5.75	2.86	1.41	1.38
Diluted Shares Outstanding	6.95	6.96	6.94	7.19	6.99	5.75	2.86	1.41	1.38

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

Frequently Asked Questions About Euroseas Financial Statements

What was Euroseas's revenue in fiscal 2025?

Euroseas reported revenue of $227.87M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.0% from $212.90M a year earlier.

Is Euroseas profitable?

Yes. Euroseas earned net income of $136.97M in fiscal 2025, a net margin of 60.1%. In fiscal 2024 it earned $112.78M.

What is Euroseas's operating margin?

Euroseas's operating income was $149.50M on revenue of $227.87M in fiscal 2025, an operating margin of 65.6%, compared with 53.7% 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