Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of EuroDry.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.08M | $47.59M | $70.18M | $64.44M | $22.29M | $27.24M | $24.52M | $19.16M | $7.88M |
| Cost of Revenue | $40.27M | $39.12M | $28.07M | $20.47M | $18.44M | $18.35M | $15.02M | $14.07M | $8.22M |
| Gross Profit | $20.81M | $8.47M | $42.12M | $43.98M | $3.84M | $8.89M | $9.51M | $5.08M | $-340.73K |
| Gross Profit Ratio | 34.07% | 17.80% | 60.01% | 68.24% | 17.25% | 32.63% | 38.77% | 26.53% | -4.32% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.48M | $6.74M | $10.86M | $5.09M | $6.59M | $5.88M | $5.51M | $2.45M | $1.58M |
| Selling and Marketing Expenses | $- | $134.29K | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.48M | $6.88M | $10.86M | $5.09M | $6.59M | $5.88M | $5.51M | $2.45M | $1.58M |
| Other Expenses | $16.67M | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $24.15M | $6.88M | $10.86M | $5.09M | $6.59M | $5.88M | $5.51M | $2.45M | $1.58M |
| Cost and Expenses | $64.43M | $46.00M | $38.92M | $25.55M | $25.03M | $24.23M | $20.53M | $16.53M | $9.80M |
| Interest Income | $- | $897.62K | $46.30K | $10.48K | $4.09K | $22.22K | $14.08K | $- | $53 |
| Interest Expense | $- | $6.49M | $3.85M | $2.34M | $2.33M | $3.51M | $2.91M | $1.82M | $1.16M |
| Depreciation and Amortization | $13.88M | $10.97M | $10.99M | $7.95M | $6.70M | $6.61M | $5.82M | $5.00M | $4.30M |
| EBITDA | $13.33M | $14.38M | $48.38M | $41.45M | $3.15M | $10.14M | $9.85M | $7.66M | $-4.68M |
| EBITDA Ratio | 21.82% | 30.21% | 68.94% | 64.32% | 14.14% | 37.23% | 40.17% | 40.00% | -59.40% |
| Operating Income | $-3.35M | $1.59M | $34.12M | $38.89M | $-2.74M | $3.01M | $3.99M | $2.63M | $-8.97M |
| Operating Income Ratio | -5.48% | 3.35% | 48.61% | 60.35% | -12.28% | 11.04% | 16.29% | 13.72% | -113.85% |
| Total Other Income Expenses Net | $-7.22M | $-4.88M | $-574.05K | $-7.74M | $-3.14M | $-2.99M | $-2.87M | $-1.78M | $-1.17M |
| Income Before Tax | $-10.57M | $-3.28M | $33.54M | $31.15M | $-5.88M | $16.50K | $1.12M | $849.70K | $-10.14M |
| Income Before Tax Ratio | -17.30% | -6.90% | 47.79% | 48.34% | -26.37% | 0.06% | 4.57% | 4.44% | -128.71% |
| Income Tax Expense | $- | $- | $-6.09M | $2.34M | $2.33M | $3.51M | $38.91K | $1.82M | $1.16M |
| Net Income | $-9.66M | $-2.91M | $33.54M | $31.15M | $-8.21M | $-3.50M | $1.12M | $849.70K | $-10.14M |
| Net Income Ratio | -15.81% | -6.11% | 47.79% | 48.34% | -36.83% | -12.84% | 4.57% | 4.44% | -128.71% |
| EPS | $-3.54 | $-1.05 | $11.66 | $11.63 | $-3.61 | $-1.55 | $0.50 | $0.38 | $-4.50 |
| EPS Diluted | $-3.54 | $-1.05 | $11.61 | $11.54 | $-3.61 | $-1.55 | $0.50 | $0.38 | $-4.50 |
| Weighted Average Shares Outstanding | 2.73M | 2.76M | 2.88M | 2.53M | 2.28M | 2.25M | 2.23M | 2.21M | 2.25M |
| Weighted Average Shares Outstanding Diluted | 2.73M | 2.76M | 2.89M | 2.55M | 2.28M | 2.25M | 2.23M | 2.25M | 2.25M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.71M | $8.00M | $34.04M | $26.85M | $938.28K | $5.40M | $4.38M | $1.26M | $591.11K |
| Short Term Investments | $- | $2.80M | $1.40M | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $6.71M | $10.80M | $34.04M | $26.85M | $938.28K | $5.40M | $4.38M | $1.26M | $591.11K |
| Net Receivables | $8.43M | $8.87M | $9.91M | $2.02M | $1.99M | $2.30M | $8.55M | $4.94M | $1.42M |
| Inventory | $2.10M | $4.12M | $1.06M | $770.34K | $1.39M | $508.71K | $566.95K | $452.19K | $268.12K |
| Other Current Assets | $7.54M | $440.01K | $1.69M | $774.34K | $1.74M | $1.37M | $976.74K | $967.02K | $545.46K |
| Total Current Assets | $24.78M | $24.23M | $47.89M | $30.41M | $6.06M | $9.58M | $14.47M | $7.62M | $2.82M |
| Property Plant Equipment Net | $185.47M | $203.53M | $149.02M | $128.49M | $99.31M | $105.46M | $110.64M | $81.98M | $64.44M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $3.30M | $2.59M | $2.43M | $2.15M | $2.65M | $2.61M | $2.80M | $1.25M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $10.94M | $- | $- | $- | $- | $- | $- | $5.05M | $18.18M |
| Total Non-Current Assets | $196.41M | $206.83M | $151.61M | $130.92M | $101.46M | $108.11M | $113.24M | $89.83M | $83.87M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $221.19M | $231.05M | $199.51M | $161.33M | $107.51M | $117.69M | $127.71M | $97.45M | $86.69M |
| Account Payables | $2.67M | $3.15M | $2.99M | $855.83K | $1.07M | $1.05M | $690.65K | $346.97K | $309.34K |
| Short Term Debt | $11.81M | $17.80M | $22.86M | $13.95M | $13.79M | $6.81M | $6.93M | $7.97M | $1.27M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $346.84K | $351.64K | $1.51M | $246.12K | $445.82K | $196.23K | $289.74K | $80.55K |
| Other Current Liabilities | $2.78M | $4.19M | $1.00M | $1.39M | $4.15M | $2.87M | $1.17M | $1.04M | $464.90K |
| Total Current Liabilities | $17.26M | $25.48M | $27.20M | $17.71M | $19.26M | $11.17M | $13.01M | $9.64M | $2.12M |
| Long Term Debt | $95.38M | $86.12M | $58.36M | $64.70M | $37.32M | $49.69M | $56.43M | $30.36M | $28.24M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $17.77K | $- | $- | $393.90K | $304.17K | $- | $24.59M | $25.22M |
| Total Non-Current Liabilities | $95.38M | $86.14M | $58.36M | $64.70M | $37.71M | $49.99M | $52.41M | $54.95M | $53.47M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $112.64M | $111.63M | $85.56M | $82.41M | $56.97M | $61.16M | $65.41M | $64.59M | $55.59M |
| Preferred Stock | $- | $- | $- | $1 | $15.94M | $14.72M | $18.76M | $- | $- |
| Common Stock | $28.27K | $28.32K | $29.03K | $29.19K | $23.48K | $23.05K | $22.80K | $42.52M | $41.60M |
| Retained Earnings | $31.91M | $41.56M | $44.47M | $10.93M | $-18.47M | $-11.02M | $-9.10M | $-9.66M | $-10.51M |
| Accumulated Other Comprehensive Income Loss | $-0 | $0 | $0 | $0 | $- | $- | $-26.48M | $-21.06M | $-16.27M |
| Other Total Stockholders Equity | $67.75M | $68.07M | $69.44M | $67.96M | $53.05M | $52.80M | $52.62M | $- | $- |
| Total Stockholders Equity | $99.69M | $109.66M | $113.94M | $78.92M | $50.54M | $56.53M | $62.30M | $32.86M | $31.10M |
| Total Equity | $108.54M | $119.43M | $113.94M | $78.92M | $50.54M | $56.53M | $62.30M | $32.86M | $31.10M |
| Total Liabilities and Stockholders Equity | $221.19M | $231.05M | $199.51M | $161.33M | $107.51M | $117.69M | $127.71M | $97.45M | $86.69M |
| Minority Interest | $8.85M | $9.77M | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $221.19M | $231.05M | $199.51M | $161.33M | $107.51M | $117.69M | $127.71M | $97.45M | $86.69M |
| Total Investments | $- | $3.30M | $2.59M | $2.43M | $2.15M | $2.65M | $2.61M | $2.80M | $1.25M |
| Total Debt | $107.19M | $103.93M | $81.22M | $78.65M | $51.11M | $56.50M | $63.36M | $38.33M | $29.51M |
| Net Debt | $100.48M | $95.93M | $47.18M | $51.81M | $50.17M | $51.10M | $58.98M | $37.07M | $28.92M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.66M | $-2.91M | $33.54M | $31.15M | $-5.88M | $16.50K | $1.12M | $849.70K | $-10.14M |
| Depreciation and Amortization | $14.14M | $10.97M | $10.76M | $7.66M | $6.56M | $6.46M | $5.42M | $4.79M | $3.83M |
| Deferred Income Tax | $- | $- | $- | $876.94K | $545.86K | $359.20K | $-3.58K | $- | $- |
| Stock Based Compensation | $797.98K | $797.98K | $788.73K | $230.64K | $245.92K | $184.80K | $137.52K | $- | $- |
| Change in Working Capital | $-1.14M | $-271.20K | $-7.25M | $-1.08M | $714.65K | $7.94M | $-3.10M | $-2.88M | $3.05M |
| Accounts Receivables | $- | $907.91K | $-6.37M | $753.02K | $314.95K | $393.20K | $-1.81M | $44.44K | $-241.36K |
| Inventory | $- | $-3.06M | $-287.31K | $614.94K | $-876.57K | $58.24K | $-114.76K | $-184.07K | $-99.50K |
| Accounts Payables | $- | $-13.38K | $2.11M | $-251.26K | $238.08K | $185.15K | $360.60K | $37.63K | $128.51K |
| Other Working Capital | $-1.14M | $1.89M | $-2.71M | $-2.19M | $1.04M | $7.31M | $-1.54M | $-2.78M | $3.26M |
| Other Non Cash Items | $667.28K | $3.22M | $-4.85M | $298.33K | $140.70K | $152.88K | $396.93K | $157.78K | $7.52M |
| Net Cash Provided by Operating Activities | $4.81M | $11.81M | $32.99M | $39.14M | $2.33M | $15.11M | $3.97M | $2.91M | $4.26M |
| Investments in Property Plant and Equipment | $-8.73M | $-65.30M | $-37.79M | $-36.82M | $-611.11K | $-1.11M | $-29.05M | $-9.64M | $-24.24M |
| Acquisitions Net | $- | $10.14M | $9.39M | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-10.14M | $9.39M | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-8.73M | $-65.30M | $-28.40M | $-36.82M | $-611.11K | $-1.11M | $-29.05M | $-9.64M | $-24.24M |
| Debt Repayment | $3.35M | $22.98M | $2.48M | $31.30M | $-5.52M | $-6.99M | $25.06M | $9.05M | $11.45M |
| Common Stock Issued | $- | $- | $2.69M | $9.98M | $- | $4.50M | $- | $- | $- |
| Common Stock Repurchased | $-1.27M | $-2.03M | $-2.00M | $-16.61M | $- | $-4.30M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $-1.09M | $-713.55K | $-1.31M | $- | $- | $- |
| Other Financing Activities | $-355.00K | $9.52M | $-162.43K | $-17.59M | $- | $-4.32M | $2.87M | $234.09K | $9.02M |
| Net Cash Used Provided by Financing Activities | $1.73M | $30.47M | $3.01M | $22.61M | $-6.24M | $-12.63M | $27.93M | $9.28M | $20.47M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-2.19M | $-23.02M | $7.60M | $24.92M | $-4.52M | $1.37M | $2.85M | $2.56M | $485.55K |
| Cash at End of Period | $11.91M | $14.10M | $37.12M | $29.53M | $4.61M | $9.13M | $7.75M | $4.90M | $2.34M |
| Cash at Beginning of Period | $14.10M | $37.12M | $29.53M | $4.61M | $9.13M | $7.75M | $4.90M | $2.34M | $1.86M |
| Operating Cash Flow | $4.81M | $11.81M | $32.99M | $39.14M | $2.33M | $15.11M | $3.97M | $2.91M | $4.26M |
| Capital Expenditure | $-8.73M | $-65.30M | $-37.79M | $-36.82M | $-611.11K | $-1.11M | $-29.05M | $-9.64M | $-24.24M |
| Free Cash Flow | $-3.92M | $-53.50M | $-4.80M | $2.31M | $1.71M | $14.00M | $-25.08M | $-6.73M | $-19.99M |