TOPS
Top Ships Inc.
Price Chart
Latest Quote
$0.96
-0.04 (-3.63%)
Current Price
| Previous Close | $1.00 |
| Open | $0.99 |
| Day High | $0.99 |
| Day Low | $0.94 |
| Volume | 180,980 |
Stock Information
| Shares Outstanding | 5.54M |
| Total Debt | $216.61M |
| Cash Equivalents | $20.37M |
| Revenue | $80.42M |
| Net Income | $3.09M |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Market Cap | $5.32M |
| P/E Ratio | 1.43 |
| EPS (TTM) | $0.67 |
| Exchange | ASE |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $200.85M |
| Sales | $80.42M |
| Income | $3.09M |
| Book/sh | $19.28 |
| Cash/sh | $3.68 |
Financial Ratios
| Quick Ratio | 0.55 |
| Current Ratio | 0.61 |
| Debt/Eq | 242.87 |
Returns & Margins
| ROA | 4.34% |
| ROE | 2.64% |
| Gross Margin | 61.61% |
| Operating Margin | 21.96% |
| Profit Margin | 3.84% |
Ownership
| Insider Ownership | 60.84% |
| Institutional Ownership | 1.71% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 0.44 |
| P/S | 0.07 |
| P/B | 0.05 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $0.96 |
| SMA50 | $1.78 |
| SMA200 | $4.32 |
| RSI | 54.10 |
| ATR | 0.1071 |
| Shares Float | 1.79M |
| Short Float | 3.99% |
| Short Ratio | 0.09 |
| Volatility | 1.99 |
| Rel Volume | 0.14 |
Performance History
| Week | +6.67% |
| Month | +1.05% |
| Quarter | -72.88% |
| 6 Months | -82.86% |
| YTD | -79.75% |
| Year | -84.81% |
| 3 Years | -88.41% |
| 5 Years | -99.78% |
| 10 Years | -100.00% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-17 | $0.96 | 198,100 |
| 2026-06-16 | $1.00 | 508,100 |
| 2026-06-15 | $0.96 | 401,100 |
| 2026-06-12 | $0.95 | 251,900 |
| 2026-06-11 | $0.95 | 420,800 |
| 2026-06-10 | $0.90 | 265,800 |
| 2026-06-09 | $0.90 | 525,500 |
| 2026-06-08 | $0.88 | 425,300 |
| 2026-06-05 | $0.95 | 388,100 |
| 2026-06-04 | $1.03 | 792,300 |
| 2026-06-03 | $1.07 | 10,258,700 |
| 2026-06-02 | $1.11 | 11,051,900 |
| 2026-06-01 | $0.92 | 342,200 |
| 2026-05-29 | $0.90 | 243,700 |
| 2026-05-28 | $0.91 | 475,300 |
| 2026-05-27 | $0.99 | 147,100 |
| 2026-05-26 | $0.99 | 265,600 |
| 2026-05-22 | $1.00 | 305,500 |
| 2026-05-21 | $0.94 | 359,200 |
| 2026-05-20 | $0.99 | 311,500 |
| 2026-05-19 | $1.01 | 510,000 |
| 2026-05-18 | $0.95 | 1,465,300 |
About Top Ships Inc.
Top Ships Inc. owns and operates tanker vessels in Greece and internationally. The company transports crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2025, it had a fleet with a total capacity of 857,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, one 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Athens, Greece.
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $43,468,000 | $48,451,000 | $45,325,000 | $44,405,000 |
| Cost Of Revenue | $43,468,000 | $48,451,000 | $45,325,000 | $44,405,000 |
| Operating Revenue | $80,415,000 | $86,127,000 | $82,949,000 | $80,656,000 |
| Expenses | ||||
| Interest Expense | $16,033,000 | $21,869,000 | $21,679,000 | $11,711,000 |
| Total Expenses | $54,135,000 | $58,223,000 | $54,222,000 | $48,115,000 |
| Rent Expense Supplemental | $10,301,000 | $10,869,000 | $10,840,000 | $10,840,000 |
| Other Income Expense | $-173,000 | $159,000 | $-18,000 | $724,000 |
| Net Non Operating Interest Income Expense | $-23,021,000 | $-23,029,000 | $-22,643,000 | $-14,317,000 |
| Total Other Finance Cost | $7,373,000 | $1,627,000 | $1,310,000 | $2,654,000 |
| Interest Expense Non Operating | $16,033,000 | $21,869,000 | $21,679,000 | $11,711,000 |
| Operating Expense | $10,667,000 | $9,772,000 | $8,897,000 | $3,710,000 |
| Other Operating Expenses | $3,050,000 | $2,266,000 | $2,200,000 | $2,093,000 |
| General And Administrative Expense | $7,617,000 | $7,506,000 | $6,697,000 | $1,617,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Net Interest Income | $-23,021,000 | $-23,029,000 | $-22,643,000 | $-14,317,000 |
| Interest Income | $385,000 | $467,000 | $346,000 | $48,000 |
| Normalized Income | $3,086,000 | $5,034,000 | $6,066,000 | $18,887,160 |
| Net Income From Continuing And Discontinued Operation | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Total Operating Income As Reported | $26,280,000 | $27,904,000 | $28,727,000 | $32,619,000 |
| Net Income Common Stockholders | $3,086,000 | $5,034,000 | $-22,370,000 | $-9,187,000 |
| Net Income | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Net Income Including Noncontrolling Interests | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Net Income Continuous Operations | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Pretax Income | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Earnings From Equity Interest | $-173,000 | $159,000 | $-18,000 | $646,000 |
| Interest Income Non Operating | $385,000 | $467,000 | $346,000 | $48,000 |
| Operating Income | $26,280,000 | $27,904,000 | $28,727,000 | $32,541,000 |
| Gross Profit | $36,947,000 | $37,676,000 | $37,624,000 | $36,251,000 |
| Special Income Charges | - | $0 | $0 | $78,000 |
| Per Share | ||||
| Diluted EPS | $0.67 | $1.09 | $-12.44 | $-36.36 |
| Basic EPS | $0.67 | $1.09 | $-12.44 | $-36.36 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $17,160 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $41,056,000 | $50,049,000 | $51,326,000 | $52,445,000 |
| Reconciled Depreciation | $21,937,000 | $23,146,000 | $23,581,000 | $21,864,000 |
| EBITDA (Bullshit earnings) | $41,056,000 | $50,049,000 | $51,326,000 | $52,523,000 |
| EBIT | $19,119,000 | $26,903,000 | $27,745,000 | $30,659,000 |
| Diluted Average Shares | $4,626,197 | $4,626,197 | $1,798,761 | $857,908 |
| Basic Average Shares | $4,626,197 | $4,626,197 | $1,798,761 | $857,908 |
| Diluted NI Availto Com Stockholders | $3,086,000 | $5,034,000 | $-22,370,000 | $-9,187,000 |
| Selling General And Administration | $7,617,000 | $7,506,000 | $6,697,000 | $1,617,000 |
| Other Gand A | $7,617,000 | $7,506,000 | $6,697,000 | $1,617,000 |
| Total Unusual Items | - | $0 | $0 | $78,000 |
| Total Unusual Items Excluding Goodwill | - | $0 | $0 | $78,000 |
| Otherunder Preferred Stock Dividend | - | $0 | $0 | $1,345,000 |
| Gain On Sale Of Ppe | - | $0 | $0 | $78,000 |
| Preferred Stock Dividends | - | - | $28,436,000 | $26,790,000 |
| Impairment Of Capital Assets | - | - | $0 | $0 |
| Insurance And Claims | - | - | - | $1,577,000 |
| Write Off | - | - | - | - |
| Gain On Sale Of Security | - | - | - | - |
| Rent And Landing Fees | - | - | - | - |
Fetched: 2026-06-14
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $89,189,000 | $144,420,000 | $183,380,000 | $197,023,000 |
| Total Assets | $333,609,000 | $422,772,000 | $459,189,000 | $469,337,000 |
| Total Non Current Assets | $309,564,000 | $399,333,000 | $420,456,000 | $446,445,000 |
| Other Non Current Assets | $1,850,000 | $3,000,000 | $4,000,000 | $4,000,000 |
| Non Current Prepaid Assets | $11,500,000 | $24,000,000 | $2,000,000 | $2,000,000 |
| Non Current Accounts Receivable | $1,155,000 | $2,400,000 | - | - |
| Current Assets | $24,045,000 | $23,439,000 | $38,733,000 | $22,892,000 |
| Other Current Assets | $966,000 | $10,714,000 | $1,545,000 | $1,314,000 |
| Restricted Cash | $0 | $1,000,000 | $0 | - |
| Prepaid Assets | $0 | $2,000,000 | $0 | $1,314,000 |
| Inventory | $564,000 | $983,000 | $915,000 | $1,026,000 |
| Receivables | $2,143,000 | $1,113,000 | $317,000 | $8,000 |
| Accounts Receivable | $1,543,000 | $1,113,000 | $317,000 | $8,000 |
| Cash Cash Equivalents And Short Term Investments | $20,372,000 | $7,629,000 | $35,956,000 | $20,544,000 |
| Cash And Cash Equivalents | $20,372,000 | $7,629,000 | $35,956,000 | $20,544,000 |
| Non Current Deferred Assets | - | $0 | $130,000 | $0 |
| Assets Held For Sale Current | - | - | - | $0 |
| Debt | ||||
| Net Debt | $184,416,000 | $237,427,000 | $197,124,000 | $204,097,000 |
| Total Debt | $216,612,000 | $265,615,000 | $260,835,000 | $260,933,000 |
| Long Term Debt And Capital Lease Obligation | $204,788,000 | $245,056,000 | $234,437,000 | $239,979,000 |
| Long Term Debt | $204,788,000 | $245,056,000 | $228,080,000 | $224,641,000 |
| Current Debt And Capital Lease Obligation | $11,824,000 | $20,559,000 | $26,398,000 | $20,954,000 |
| Current Debt | - | - | $5,000,000 | $12,344,000 |
| Other Current Borrowings | - | - | $5,000,000 | $12,344,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $244,420,000 | $278,352,000 | $275,809,000 | $272,314,000 |
| Total Non Current Liabilities Net Minority Interest | $204,866,000 | $245,158,000 | $234,437,000 | $240,079,000 |
| Non Current Deferred Liabilities | $78,000 | $102,000 | $0 | - |
| Current Liabilities | $39,554,000 | $33,194,000 | $41,372,000 | $32,235,000 |
| Current Deferred Liabilities | $22,728,000 | $6,652,000 | $6,615,000 | $7,030,000 |
| Payables And Accrued Expenses | $5,002,000 | $5,983,000 | $8,359,000 | $4,251,000 |
| Payables | $3,481,000 | $2,990,000 | $6,004,000 | $2,190,000 |
| Accounts Payable | $3,342,000 | $1,821,000 | $1,356,000 | $1,953,000 |
| Other Non Current Liabilities | - | - | - | $100,000 |
| Equity | ||||
| Common Stock Equity | $89,188,000 | $144,419,000 | $139,463,000 | $110,671,000 |
| Preferred Stock Equity | $1,000 | $1,000 | $43,917,000 | $86,352,000 |
| Total Equity Gross Minority Interest | $89,189,000 | $144,420,000 | $183,380,000 | $197,023,000 |
| Stockholders Equity | $89,189,000 | $144,420,000 | $183,380,000 | $197,023,000 |
| Gains Losses Not Affecting Retained Earnings | $697,000 | $0 | - | - |
| Retained Earnings | $-336,988,000 | $-306,706,000 | $-311,740,000 | $-317,806,000 |
| Long Term Equity Investment | $7,881,000 | $8,054,000 | $19,635,000 | $22,173,000 |
| Preferred Securities Outside Stock Equity | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $4,626,197 | $4,626,197 | $4,626,197 | $857,908 |
| Share Issued | $4,626,197 | $4,626,197 | $4,626,197 | $857,908 |
| Tangible Book Value | $89,188,000 | $144,419,000 | $139,463,000 | $110,671,000 |
| Invested Capital | $293,976,000 | $389,475,000 | $372,543,000 | $335,312,000 |
| Working Capital | $-15,509,000 | $-9,755,000 | $-2,639,000 | $-9,343,000 |
| Capital Lease Obligations | $0 | $6,357,000 | $15,337,000 | $23,948,000 |
| Total Capitalization | $293,977,000 | $389,476,000 | $411,460,000 | $421,664,000 |
| Additional Paid In Capital | $425,433,000 | $451,079,000 | $451,157,000 | $428,468,000 |
| Capital Stock | $47,000 | $47,000 | $43,963,000 | $86,361,000 |
| Common Stock | $46,000 | $46,000 | $46,000 | $9,000 |
| Preferred Stock | $1,000 | $1,000 | $43,917,000 | $86,352,000 |
| Non Current Deferred Revenue | $78,000 | $102,000 | $0 | - |
| Current Deferred Revenue | $22,728,000 | $6,652,000 | $6,615,000 | $7,030,000 |
| Current Capital Lease Obligation | $0 | $6,357,000 | $8,980,000 | $8,610,000 |
| Current Accrued Expenses | $1,521,000 | $2,993,000 | $2,355,000 | $2,061,000 |
| Dueto Related Parties Current | $139,000 | $1,169,000 | $4,648,000 | $237,000 |
| Investments And Advances | $7,881,000 | $8,054,000 | $19,635,000 | $22,173,000 |
| Investmentsin Joint Venturesat Cost | $7,881,000 | $8,054,000 | $19,635,000 | $22,173,000 |
| Net PPE | $287,178,000 | $361,879,000 | $394,691,000 | $418,272,000 |
| Accumulated Depreciation | $-43,127,000 | $-47,890,000 | $-34,554,000 | $-20,205,000 |
| Gross PPE | $330,305,000 | $409,769,000 | $429,245,000 | $438,477,000 |
| Construction In Progress | $18,207,000 | $0 | - | $0 |
| Other Properties | $505,000 | $505,000 | $19,981,000 | $29,213,000 |
| Machinery Furniture Equipment | $311,593,000 | $409,264,000 | $409,264,000 | $409,264,000 |
| Duefrom Related Parties Current | $600,000 | $0 | - | - |
| Long Term Capital Lease Obligation | - | $0 | $6,357,000 | $15,338,000 |
Fetched: 2026-06-14
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $17,121,000 | $17,322,000 | $28,933,000 | $-183,295,000 |
| Operating Activities | ||||
| Operating Cash Flow | $26,431,000 | $17,322,000 | $28,933,000 | $33,419,000 |
| Cash Flow From Continuing Operating Activities | $26,431,000 | $17,322,000 | $28,933,000 | $33,419,000 |
| Operating Gains Losses | $173,000 | $-18,000 | $18,000 | $-739,000 |
| Investing Activities | ||||
| Capital Expenditure | $-9,310,000 | - | - | $-216,714,000 |
| Investing Cash Flow | $-1,310,000 | $-12,401,000 | $2,520,000 | $-142,656,000 |
| Cash Flow From Continuing Investing Activities | $-1,310,000 | $-12,401,000 | $2,520,000 | $-142,656,000 |
| Net Other Investing Changes | $-11,500,000 | $-24,000,000 | - | - |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $0 | $-43,916,000 | $-26,293,000 | $-16,206,000 |
| Issuance Of Capital Stock | $0 | $0 | $13,562,000 | $70,348,000 |
| Financing Cash Flow | $-14,512,000 | $-33,248,000 | $-16,041,000 | $127,411,000 |
| Cash Flow From Continuing Financing Activities | $-14,512,000 | $-33,248,000 | $-16,041,000 | $127,411,000 |
| Net Other Financing Charges | $-28,338,000 | $-8,340,000 | $-2,928,000 | $-5,237,000 |
| Cash Dividends Paid | $0 | $0 | $-6,010,000 | $-13,358,000 |
| Preferred Stock Dividend Paid | $0 | $0 | $-6,010,000 | $-13,358,000 |
| Net Preferred Stock Issuance | $0 | $-43,916,000 | $-26,293,000 | $31,439,000 |
| Net Common Stock Issuance | $0 | $0 | $13,562,000 | $22,703,000 |
| Common Stock Issuance | $0 | $0 | $13,562,000 | $22,718,000 |
| Dividend Received Cfo | $0 | - | - | - |
| Preferred Stock Issuance | - | $0 | $0 | $47,630,000 |
| Other | ||||
| Repayment Of Debt | $-193,174,000 | $-161,992,000 | $-76,384,000 | $-77,893,000 |
| Issuance Of Debt | $207,000,000 | $181,000,000 | $82,000,000 | $165,201,000 |
| Interest Paid Supplemental Data | $17,723,000 | $19,327,000 | $18,277,000 | $11,161,000 |
| End Cash Position | $22,222,000 | $11,629,000 | $39,956,000 | $24,544,000 |
| Beginning Cash Position | $11,629,000 | $39,956,000 | $24,544,000 | $6,370,000 |
| Effect Of Exchange Rate Changes | $-16,000 | $0 | $0 | - |
| Changes In Cash | $10,609,000 | $-28,327,000 | $15,412,000 | $18,174,000 |
| Proceeds From Stock Option Exercised | $0 | $0 | $12,000 | $4,556,000 |
| Preferred Stock Payments | $0 | $-43,916,000 | $-26,293,000 | $-16,191,000 |
| Net Issuance Payments Of Debt | $13,826,000 | $19,008,000 | $5,616,000 | $87,308,000 |
| Net Short Term Debt Issuance | $0 | $0 | $0 | $0 |
| Short Term Debt Payments | $0 | $-28,000,000 | $0 | $0 |
| Short Term Debt Issuance | $0 | $28,000,000 | $0 | $0 |
| Net Long Term Debt Issuance | $13,826,000 | $19,008,000 | $5,616,000 | $87,308,000 |
| Long Term Debt Payments | $-193,174,000 | $-133,992,000 | $-76,384,000 | $-77,893,000 |
| Long Term Debt Issuance | $207,000,000 | $153,000,000 | $82,000,000 | $165,201,000 |
| Net Business Purchase And Sale | $0 | $11,599,000 | $2,520,000 | $2,304,000 |
| Sale Of Business | $0 | $11,599,000 | $2,520,000 | $2,304,000 |
| Net PPE Purchase And Sale | $10,190,000 | $0 | $0 | $-144,960,000 |
| Sale Of PPE | $19,500,000 | $0 | $0 | $71,754,000 |
| Purchase Of PPE | $-9,310,000 | $0 | $0 | $-216,714,000 |
| Change In Working Capital | $-6,033,000 | $-13,702,000 | $-5,458,000 | $-9,806,000 |
| Change In Other Working Capital | $-2,053,000 | $139,000 | $-415,000 | $3,372,000 |
| Change In Other Current Liabilities | $-6,357,000 | $-8,980,000 | $-8,711,000 | $-9,940,000 |
| Change In Payables And Accrued Expense | $872,000 | $-2,094,000 | $4,097,000 | $-2,218,000 |
| Change In Accrued Expense | $153,000 | $821,000 | $189,000 | $1,068,000 |
| Change In Payable | $719,000 | $-2,915,000 | $3,908,000 | $-3,286,000 |
| Change In Account Payable | $2,167,000 | $564,000 | $-503,000 | $-82,000 |
| Change In Prepaid Assets | $1,820,000 | $497,000 | $-231,000 | $-733,000 |
| Change In Inventory | $251,000 | $-68,000 | $111,000 | $-355,000 |
| Change In Receivables | $-566,000 | $-3,196,000 | $-309,000 | $68,000 |
| Changes In Account Receivables | $34,000 | $-3,196,000 | $-309,000 | $68,000 |
| Other Non Cash Items | $7,268,000 | $2,862,000 | $4,726,000 | $2,522,000 |
| Depreciation Amortization Depletion | $21,937,000 | $23,146,000 | $23,581,000 | $21,864,000 |
| Depreciation And Amortization | $21,937,000 | $23,146,000 | $23,581,000 | $21,864,000 |
| Depreciation | $21,937,000 | $23,146,000 | $23,581,000 | $21,864,000 |
| Earnings Losses From Equity Investments | $173,000 | $-159,000 | $18,000 | $-646,000 |
| Net Income From Continuing Operations | $3,086,000 | $5,034,000 | $6,066,000 | $18,948,000 |
| Common Stock Payments | - | $0 | $0 | $-15,000 |
| Stock Based Compensation | - | $0 | $0 | $-16,000 |
| Gain Loss On Investment Securities | - | $141,000 | - | $646,000 |
| Gain Loss On Sale Of PPE | - | $0 | $0 | $-93,000 |
| Asset Impairment Charge | - | - | $0 | $0 |
| Purchase Of Business | - | - | - | $0 |
Fetched: 2026-06-14