Ardmore Shipping Corporation (ASC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 87.92M | 82.91M | 81.25M | 72.05M | 74M | 82.04M | 96.12M | 121.33M | 106.3M | 98.88M | 86.94M | 91.93M | 118.23M | 132.83M | 142.42M | 107.13M | 63.37M | 52.46M | 47.2M | 47.27M |
| Revenue Growth % | 18.81% | 1.06% | -15.47% | -40.62% | -30.39% | -17.03% | 10.56% | 31.98% | -10.09% | -25.56% | -38.95% | -14.19% | 86.58% | 153.21% | 201.73% | 126.6% | 39.11% | 25.72% | 4.41% | -30.41% |
| Cost of Goods Sold | 55.92M | 52.45M | 59.82M | 55.48M | 52.99M | 58.51M | 59.21M | 61.21M | 55.05M | 58.18M | 49.86M | 55.67M | 61.08M | 63.83M | 68.67M | 65.24M | 52.47M | 50.43M | 47.63M | 44.13M |
| COGS % of Revenue | 63.6% | 63.26% | 73.63% | 77.01% | 71.61% | 71.32% | 61.6% | 50.45% | 51.79% | 58.84% | 57.35% | 60.56% | 51.66% | 48.05% | 48.22% | 60.9% | 82.8% | 96.13% | 100.9% | 93.35% |
| Gross Profit | 32M | 30.46M | 21.42M | 16.56M | 21.01M | 23.52M | 36.91M | 60.11M | 51.25M | 40.7M | 37.08M | 36.25M | 57.16M | 69.01M | 73.74M | 41.88M | 10.9M | 2.03M | -425K | 3.15M |
| Gross Margin % | 36.4% | 36.74% | 26.37% | 22.99% | 28.39% | 28.68% | 38.4% | 49.55% | 48.21% | 41.16% | 42.65% | 39.44% | 48.34% | 51.95% | 51.78% | 39.1% | 17.2% | 3.87% | -0.9% | 6.65% |
| Gross Profit Growth % | 52.31% | 29.47% | -41.95% | -72.45% | -59% | -42.2% | -0.47% | 65.82% | -10.33% | -41.02% | -49.72% | -13.44% | 424.45% | 3298.11% | 17451.29% | 1231.7% | 563.3% | 149.94% | -110.69% | -87.32% |
| Operating Expenses | 6.42M | 6.45M | 6.35M | 6.08M | 6.19M | 11.11M | 10.57M | 9.22M | 8.97M | 9.99M | 6.17M | 8.06M | 9.1M | 9.8M | 9.07M | 6.58M | 6.46M | 4.27M | 6.23M | 5.65M |
| OpEx % of Revenue | 7.3% | 7.78% | 7.82% | 8.44% | 8.36% | 13.54% | 10.99% | 7.6% | 8.43% | 10.11% | 7.09% | 8.77% | 7.69% | 7.38% | 6.37% | 6.14% | 10.2% | 8.14% | 13.2% | 11.96% |
| Selling, General & Admin | 6.42M | 6.45M | 6.35M | 6.08M | 6.19M | 8.1M | 7.49M | 6.33M | 6.13M | 7.03M | 6.17M | 5.81M | 6.23M | 6.66M | 6.75M | 5.34M | 5.36M | 4.27M | 5.04M | 4.95M |
| SG&A % of Revenue | 7.3% | 7.78% | 7.82% | 8.44% | 8.36% | 9.87% | 7.79% | 5.22% | 5.77% | 7.11% | 7.09% | 6.32% | 5.27% | 5.01% | 4.74% | 4.99% | 8.46% | 8.14% | 10.69% | 10.46% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 708K |
| Operating Income | 25.58M | 24.01M | 15.07M | 10.48M | 14.82M | 12.41M | 26.34M | 50.89M | 42.28M | 30.71M | 30.91M | 28.19M | 48.06M | 59.2M | 64.67M | 35.3M | 4.43M | -2.24M | -6.66M | -2.51M |
| Operating Margin % | 29.1% | 28.96% | 18.55% | 14.54% | 20.03% | 15.13% | 27.4% | 41.95% | 39.78% | 31.05% | 35.55% | 30.67% | 40.65% | 44.57% | 45.41% | 32.95% | 7% | -4.27% | -14.1% | -5.31% |
| Operating Income Growth % | 72.59% | 93.41% | -42.79% | -79.41% | -64.94% | -59.57% | -14.79% | 80.51% | -12.02% | -48.14% | -52.2% | -20.14% | 983.87% | 2744.14% | 1071.52% | 1506.93% | 234.61% | 69.61% | -615.16% | -112.57% |
| EBITDA | 36.81M | 33.55M | 25.45M | 19.63M | 22.48M | 20.24M | 34.17M | 58.5M | 49.26M | 37.84M | 37.84M | 35.01M | 55M | 66.46M | 71.93M | 42.28M | 12.22M | 5.77M | 1.32M | 5.4M |
| EBITDA Margin % | 41.87% | 40.46% | 31.32% | 27.25% | 30.37% | 24.67% | 35.55% | 48.21% | 46.34% | 38.27% | 43.52% | 38.08% | 46.52% | 50.03% | 50.5% | 39.47% | 19.29% | 11% | 2.8% | 11.42% |
| EBITDA Growth % | 63.78% | 65.73% | -25.54% | -66.44% | -54.37% | -46.5% | -9.69% | 67.1% | -10.44% | -43.06% | -47.39% | -17.21% | 349.94% | 1051.69% | 5344.89% | 683.29% | 170.74% | 541.22% | -81.62% | -80.66% |
| D&A (Non-Cash Add-back) | 11.23M | 9.54M | 10.38M | 9.15M | 7.65M | 7.83M | 7.83M | 7.61M | 6.97M | 7.13M | 6.93M | 6.81M | 6.94M | 7.25M | 7.25M | 6.98M | 7.79M | 8.01M | 7.98M | 7.91M |
| EBIT | 25.58M | 14.47M | 14.67M | 10.78M | 7.17M | 11.45M | 25.54M | 64.32M | 42.07M | 30.47M | 23.98M | 27.9M | 47.26M | 57.52M | 66.61M | 34.58M | -3.07M | -5.48M | -7.81M | -3.78M |
| Net Interest Income | -1.9M | -2.04M | -1.56M | -737K | -827K | -669K | -877K | -1.43M | -1.98M | -2.17M | -2.58M | -2.22M | -2.63M | -1.78M | -4.36M | -4.8M | -4.13M | -4.28M | -4.37M | -4.29M |
| Interest Income | 194K | 352K | 188K | 306K | 108K | 435K | 226K | 612K | 544K | 555K | 418K | 606K | 239K | 251K | 191K | 20K | 10K | 16.1K | 9K | 17K |
| Interest Expense | 2.09M | 2.39M | 1.74M | 1.04M | 935K | 1.1M | 1.1M | 2.04M | 2.53M | 2.72M | 3M | 2.83M | 2.86M | 2.04M | 4.55M | 4.82M | 4.14M | 4.3M | 4.38M | 4.31M |
| Other Income/Expense | -1.94M | -11.59M | -2.15M | -840K | -8.54M | -5.47M | -2.12M | 11.85M | -2.97M | -3.61M | -9.66M | -3.44M | -3.91M | -5.13M | -2.81M | -5.6M | -11.4M | -5.66M | -5.59M | -5.58M |
| Pretax Income | 23.64M | 12.41M | 12.92M | 9.64M | 6.28M | 6.95M | 24.22M | 62.74M | 39.32M | 27.1M | 21.25M | 24.75M | 44.15M | 54.07M | 61.86M | 29.7M | -6.97M | -7.9M | -12.25M | -8.09M |
| Pretax Margin % | 26.89% | 14.97% | 15.91% | 13.38% | 8.49% | 8.47% | 25.2% | 51.71% | 36.99% | 27.4% | 24.45% | 26.92% | 37.34% | 40.71% | 43.44% | 27.72% | -11% | -15.06% | -25.95% | -17.12% |
| Income Tax | 55K | 39K | 137K | 39K | 26K | 12K | 74K | 49K | 79K | 88K | 50K | 240K | 57K | 135K | 27K | 9K | 34K | 13.59K | 45K | 33K |
| Effective Tax Rate % | 0.23% | 0.31% | 1.06% | 0.4% | 0.41% | 0.17% | 0.31% | 0.08% | 0.2% | 0.32% | 0.24% | 0.97% | 0.13% | 0.25% | 0.04% | 0.03% | -0.49% | -0.17% | -0.37% | -0.41% |
| Net Income | 23.58M | 12.38M | 12.79M | 9.6M | 6.25M | 6.93M | 24.14M | 62.69M | 39.24M | 27.01M | 21.2M | 24.51M | 44.09M | 53.94M | 61.83M | 29.69M | -7M | -7.92M | -12.29M | -8.13M |
| Net Margin % | 26.82% | 14.93% | 15.74% | 13.32% | 8.45% | 8.45% | 25.12% | 51.67% | 36.91% | 27.32% | 24.39% | 26.66% | 37.29% | 40.61% | 43.42% | 27.71% | -11.05% | -15.09% | -26.05% | -17.19% |
| Net Income Growth % | 277.15% | 78.44% | -47.04% | -84.69% | -84.06% | -74.32% | 13.87% | 155.81% | -11.01% | -49.92% | -65.71% | -17.45% | 729.68% | 781.35% | 602.94% | 465.38% | 17.58% | 59.44% | -85.35% | -159.82% |
| Net Income (Continuing) | 23.58M | 12.38M | 12.79M | 9.6M | 6.25M | 6.93M | 24.14M | 62.69M | 39.24M | 27.01M | 21.2M | 24.51M | 44.09M | 53.94M | 61.83M | 29.69M | -7M | -7.92M | -12.29M | -8.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.58 | 0.23 | 0.30 | 0.22 | 0.14 | 0.12 | 0.55 | 1.47 | 0.92 | 0.63 | 0.49 | 0.57 | 1.04 | 1.28 | 1.54 | 0.83 | -0.21 | -0.23 | -0.36 | -0.24 |
| EPS Growth % | 314.29% | 91.67% | -45.45% | -85.03% | -84.78% | -80.95% | 12.24% | 157.89% | -11.54% | -50.78% | -68.18% | -31.33% | 595.24% | 656.52% | 527.78% | 445.83% | 19.23% | 61.02% | -80% | -158.54% |
| EPS (Basic) | 0.58 | 0.23 | 0.30 | 0.22 | 0.14 | 0.12 | 0.55 | 1.48 | 0.93 | 0.63 | 0.49 | 0.57 | 1.06 | 1.31 | 1.59 | 0.85 | -0.21 | -0.23 | -0.36 | -0.24 |
| Diluted Shares Outstanding | 40.86M | 40.87M | 40.71M | 40.69M | 40.62M | 41.76M | 42.36M | 42.01M | 41.92M | 41.81M | 41.75M | 41.71M | 41.68M | 41.49M | 40.12M | 35.57M | 34.43M | 34.36M | 34.36M | 33.5M |
| Basic Shares Outstanding | 40.75M | 53.92M | 40.69M | 40.63M | 40.47M | 41.63M | 42.14M | 41.75M | 41.37M | 41.3M | 41.3M | 41.19M | 40.72M | 40.59M | 38.77M | 35.07M | 34.13M | 34.36M | 34.36M | 33.5M |
| Dividend Payout Ratio | 15.55% | 42.99% | 23.61% | 23.29% | 51.75% | 109.04% | 65.85% | 20.65% | 22.11% | 24.47% | 37.18% | 58.82% | 41.47% | 0.08% | - | 0.14% | - | - | - | - |