Performance Shipping (PSHG) Financial Statements & Analysis

Performance Shipping (PSHG) Income Statement

Performance Shipping reported revenue of $84.17M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 3.7% from $87.44M a year earlier. Net income was $48.14M, up 10.1% year over year, a net margin of 57.2%. Gross margin was 68.2% and operating margin 61.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $34.66M, up 91.0% from the same quarter a year earlier.

Performance Shipping Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Performance Shipping Inc. 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	84.17	87.45	108.94	75.17	36.49	42.05	26.85	25.57	23.81
Cost of Revenue	26.79	37.33	41.02	28.69	31.51	29.44	18.45	21.67	32.58
Gross Profit	57.39	50.11	67.92	46.48	4.99	12.60	8.39	3.90	-8.78
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	9.70	8.30	8.04	6.75	5.78	7.99	8.16	8.03	8.37
Operating Expenses	5.45	8.30	8.01	6.50	13.45	8.33	8.31	8.03	8.37
Operating Income	51.94	41.81	59.92	39.98	-8.46	4.27	-31.66	-41.44	-24.61
Other Income/Expense
Interest Income	4.83	3.26	3.30	0.28	0.02	0.11	0.26	0.06	0.09
Interest Expense	5.64	1.35	8.50	3.97	-1.74	1.71	0.65	11.52	13.84
Other Income/Expense	-1.96	1.92	15.79	2.16	-1.65	-1.98	-0.39	-44.89	28.43
Income
Income Before Tax	49.97	43.73	69.41	42.14	-10.11	2.30	-32.06	-52.90	3.82
Income Tax Expense	0.00	0.00	0.00	5.84	-1.65	0.00	-31.36	49.00	0.00
Net Income	48.14	43.73	69.41	12.00	-9.71	3.78	-32.06	-52.90	3.82
Net Income - Continuous Operations	49.97	43.73	69.41	12.00	-9.71	3.78	-32.06	-52.90	3.82
Net Income - Discontinued Operations	-	-	-	-	0.40	-	-	-	-
EBITDA	46.60	56.04	92.71	46.11	-1.03	9.90	-5.59	-8.03	-8.99
EBIT	32.58	44.91	77.91	39.77	-8.43	4.31	-	-	-
Depreciation & Amortization	15.08	14.22	14.79	0.00	7.40	5.90	0.78	4.95	8.15
Earnings Per Share
Basic EPS	4.00	3.00	5.00	6.00	-29.00	16.00	-4.00	-840.00	1341.00
Diluted EPS	1.00	1.00	2.00	3.00	-29.00	16.00	-4.00	-840.00	1341.00
Basic Shares Outstanding	12.43	12.37	10.49	1.85	0.34	0.33	0.19	0.06	0.00
Diluted Shares Outstanding	38.93	39.20	35.54	6.45	0.34	0.33	0.19	0.06	0.00

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

Frequently Asked Questions About Performance Shipping Financial Statements

What was Performance Shipping's revenue in fiscal 2025?

Performance Shipping reported revenue of $84.17M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 3.7% from $87.44M a year earlier.

Is Performance Shipping profitable?

Yes. Performance Shipping earned net income of $48.14M in fiscal 2025, a net margin of 57.2%. In fiscal 2024 it earned $43.73M.

What is Performance Shipping's operating margin?

Performance Shipping's operating income was $51.94M on revenue of $84.17M in fiscal 2025, an operating margin of 61.7%, compared with 47.8% 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