OceanPal (SVRN) Financial Statements & Analysis

OceanPal Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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OceanPal Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	14.10	25.70	18.96	18.96	19.09	1.33	9.41	12.37
Cost of Revenue	15.50	16.29	13.42	13.42	15.46	0.41	9.48	7.13
Gross Profit	-1.40	8.16	5.54	5.36	3.63	0.93	-0.07	5.24
Operating Expenses
Research & Development	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	27.20	14.31	6.52	6.52	3.08	0.90	2.02	0.81
Operating Expenses	27.20	26.21	13.26	13.08	3.96	0.79	3.93	4.62
Operating Income	-28.60	-18.05	-7.72	-7.72	-0.33	0.13	-4.00	-1.86
Other Income/Expense
Interest Income	0.70	0.31	0.50	0.50	0.00	0.00	0.00	0.00
Interest Expense	1.60	-0.11	0.91	0.91	0.00	0.00	0.00	0.00
Other Income/Expense	-36.60	0.18	5.75	5.75	0.00	0.00	0.00	0.00
Income
Income Before Tax	-65.20	-17.86	-1.98	-1.98	-0.33	0.13	-3.80	-1.86
Income Tax Expense	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Net Income	-65.20	-19.73	-1.98	-6.71	-0.33	0.13	-3.80	-1.86
Net Income - Continuous Operations	-65.20	-17.86	-1.98	-1.98	-0.33	0.13	-3.80	-1.86
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	-22.80	-6.18	6.60	-1.84	-0.33	0.49	-1.98	3.66
EBIT	-28.00	-12.01	-	-8.78	-0.33	0.35	-4.00	-
Depreciation & Amortization	5.80	5.83	7.67	6.94	4.90	0.35	2.02	2.48
Earnings Per Share
Basic EPS	-182.00	-1321.00	-51.00	-1010.00	-2627.00	37.00	-2152.00	-1056.00
Diluted EPS	-182.00	-1320.00	-96.00	-1915.00	-2627.00	27.00	-2152.00	-1056.00
Basic Shares Outstanding	0.39	0.01	0.13	0.01	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0.39	0.01	0.13	0.01	0.00	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About OceanPal Financial Statements

What was OceanPal's revenue in fiscal 2025?

OceanPal reported revenue of $14.10M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 45.1% from $25.70M a year earlier.

Is OceanPal profitable?

No. OceanPal reported a net loss of $65.20M in fiscal 2025. In fiscal 2024 it lost $19.73M.

What is OceanPal's operating margin?

OceanPal's operating income was −$28.60M on revenue of $14.10M in fiscal 2025, an operating margin of -202.8%, compared with -70.2% 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