Pangaea Logistics Solutions, Ltd. (PANL) 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 | 170.58M | 183.88M | 168.67M | 156.69M | 122.8M | 147.17M | 153.12M | 131.5M | 104.75M | 131.88M | 135.62M | 118.08M | 113.7M | 127.92M | 184.48M | 195.54M | 191.76M | 234.56M | 213.03M | 145.54M |
| Revenue Growth % | 38.91% | 24.94% | 10.16% | 19.16% | 17.23% | 11.6% | 12.9% | 11.37% | -7.87% | 3.09% | -26.49% | -39.62% | -40.71% | -45.46% | -13.4% | 34.35% | 53.44% | 107.84% | 105.3% | 106.75% |
| Cost of Goods Sold | 149.73M | 162.39M | 142.17M | 145.86M | 102.68M | 126.09M | 132.07M | 118.85M | 86.44M | 115.09M | 110.4M | 104.3M | 100.34M | 105.28M | 148.19M | 153.84M | 163.45M | 199.47M | 183.04M | 123.36M |
| COGS % of Revenue | 87.78% | 88.31% | 84.29% | 93.09% | 83.61% | 85.68% | 86.26% | 90.38% | 82.52% | 87.27% | 81.41% | 88.33% | 88.25% | 82.3% | 80.33% | 78.67% | 85.24% | 85.04% | 85.92% | 84.76% |
| Gross Profit | 20.85M | 21.49M | 26.5M | 10.83M | 20.12M | 21.08M | 21.04M | 12.64M | 18.31M | 16.79M | 25.21M | 13.78M | 13.36M | 22.64M | 36.28M | 41.7M | 28.31M | 35.08M | 29.99M | 22.19M |
| Gross Margin % | 12.22% | 11.69% | 15.71% | 6.91% | 16.39% | 14.32% | 13.74% | 9.62% | 17.48% | 12.73% | 18.59% | 11.67% | 11.75% | 17.7% | 19.67% | 21.33% | 14.76% | 14.96% | 14.08% | 15.24% |
| Gross Profit Growth % | 3.61% | 1.95% | 25.91% | -14.38% | 9.93% | 25.58% | -16.53% | -8.23% | 37.02% | -25.86% | -30.51% | -66.96% | -52.81% | -35.46% | 21% | 87.96% | 167.5% | 177.14% | 112.09% | 127.23% |
| Operating Expenses | 10.03M | 6.74M | 9.88M | 7.17M | 17.2M | 6.28M | 6.04M | 5.03M | 7.28M | 6.23M | 5.5M | 5.92M | 6.86M | 3.91M | 5.78M | 5.46M | 8.29M | 4.29M | 4.44M | 6.03M |
| OpEx % of Revenue | 5.88% | 3.67% | 5.86% | 4.58% | 14% | 4.26% | 3.95% | 3.82% | 6.95% | 4.73% | 4.06% | 5.02% | 6.04% | 3.05% | 3.13% | 2.79% | 4.32% | 1.83% | 2.09% | 4.14% |
| Selling, General & Admin | 10.03M | 6.74M | 9.88M | 7.17M | 7.27M | 6.28M | 6.04M | 5.03M | 7.28M | 5.67M | 5.5M | 5.92M | 5.69M | 3.91M | 5.78M | 5.14M | 5.28M | 4.29M | 4.44M | 6.03M |
| SG&A % of Revenue | 5.88% | 3.67% | 5.86% | 4.58% | 5.92% | 4.26% | 3.95% | 3.82% | 6.95% | 4.3% | 4.06% | 5.02% | 5.01% | 3.05% | 3.13% | 2.63% | 2.75% | 1.83% | 2.09% | 4.14% |
| 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 | 1000K | 0 | 0 | 0 | 0 | 566.32K | 0 | 0 | 1000K | 0 | 0 | 318.03K | 1000K | 0 | 0 | 0 |
| Operating Income | 10.82M | 14.75M | 16.61M | 3.65M | 2.93M | 14.81M | 15M | 7.61M | 11.03M | 10.56M | 19.71M | 7.85M | 6.5M | 18.74M | 30.51M | 36.24M | 20.02M | 30.79M | 25.54M | 16.16M |
| Operating Margin % | 6.35% | 8.02% | 9.85% | 2.33% | 2.38% | 10.06% | 9.8% | 5.79% | 10.53% | 8% | 14.53% | 6.65% | 5.71% | 14.65% | 16.54% | 18.54% | 10.44% | 13.13% | 11.99% | 11.1% |
| Operating Income Growth % | 269.87% | -0.37% | 10.75% | -52.02% | -73.46% | 40.26% | -23.89% | -3.06% | 69.77% | -43.66% | -35.39% | -78.33% | -67.56% | -39.16% | 19.43% | 124.34% | 213.88% | 272.05% | 156.46% | 325.96% |
| EBITDA | 22.7M | 26.49M | 26.83M | 14.25M | 12.85M | 22.57M | 22.72M | 15.07M | 18.46M | 18.08M | 27.8M | 14.98M | 13.82M | 26.26M | 37.87M | 43.54M | 27.32M | 37.32M | 32.71M | 21.02M |
| EBITDA Margin % | 13.31% | 14.41% | 15.91% | 9.1% | 10.46% | 15.34% | 14.84% | 11.46% | 17.63% | 13.71% | 20.5% | 12.69% | 12.16% | 20.53% | 20.53% | 22.27% | 14.25% | 15.91% | 15.35% | 14.45% |
| EBITDA Growth % | 76.65% | 17.36% | 18.08% | -5.42% | -30.41% | 24.85% | -18.28% | 0.57% | 33.58% | -31.16% | -26.58% | -65.59% | -49.41% | -29.62% | 15.79% | 107.08% | 153.04% | 198.2% | 130.48% | 158.34% |
| D&A (Non-Cash Add-back) | 11.88M | 11.74M | 10.21M | 10.6M | 9.92M | 7.77M | 7.72M | 7.45M | 7.44M | 7.52M | 8.09M | 7.13M | 7.33M | 7.53M | 7.37M | 7.29M | 7.3M | 6.52M | 7.16M | 4.87M |
| EBIT | 10.82M | 18.2M | 18.9M | 3.13M | 3.95M | 16.44M | 10.76M | 7.81M | 17.33M | 5.91M | 24.81M | 7.8M | 7.65M | 20.22M | 26.58M | 31.16M | 27.66M | 22.11M | 31.44M | 22.2M |
| Net Interest Income | -3.89M | -5.38M | -5.56M | -5.74M | -5.7M | -6.8M | -3.53M | -3.03M | -3.79M | -3.03M | -3.84M | -3.99M | -3.06M | -4.41M | -6.54M | -3.63M | -5.21M | -4.52M | -2.74M | -2.62M |
| Interest Income | 2.05M | 539.11K | 356.86K | 291.65K | 444.38K | 588.27K | 1.17M | 785.31K | 875.08K | 704.22K | 775.5K | 1.04M | 1.19M | 0 | 284.15K | 38.33K | 539 | 0 | 0 | 0 |
| Interest Expense | 5.94M | 5.92M | 5.91M | 6.03M | 6.15M | 7.39M | 4.7M | 3.81M | 4.67M | 3.73M | 4.62M | 5.03M | 4.25M | 4.41M | 6.82M | 3.67M | 5.21M | 4.52M | 2.74M | 2.62M |
| Other Income/Expense | 2.84M | -2.47M | -3.63M | -6.55M | -5.13M | -2.65M | -8.94M | -3.62M | 1.64M | -7.92M | 478.89K | -5.09M | -3.09M | -2.92M | -10.75M | -8.76M | 2.43M | -13.2M | 3.15M | 3.42M |
| Pretax Income | 13.66M | 12.28M | 12.99M | -2.9M | -2.2M | 12.16M | 6.06M | 3.99M | 12.67M | 2.64M | 20.19M | 2.77M | 3.4M | 15.81M | 19.76M | 27.49M | 22.45M | 17.59M | 28.7M | 19.58M |
| Pretax Margin % | 8.01% | 6.68% | 7.7% | -1.85% | -1.79% | 8.26% | 3.96% | 3.04% | 12.09% | 2% | 14.89% | 2.34% | 2.99% | 12.36% | 10.71% | 14.06% | 11.71% | 7.5% | 13.47% | 13.45% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 13.29M | 11.88M | 12.21M | -2.74M | -1.98M | 8.44M | 5.11M | 3.68M | 11.67M | 1.14M | 18.87M | 2.84M | 3.47M | 15.5M | 18.79M | 25.03M | 20.17M | 15.15M | 27M | 19.23M |
| Net Margin % | 7.79% | 6.46% | 7.24% | -1.75% | -1.61% | 5.73% | 3.34% | 2.8% | 11.14% | 0.86% | 13.91% | 2.41% | 3.06% | 12.12% | 10.18% | 12.8% | 10.52% | 6.46% | 12.67% | 13.21% |
| Net Income Growth % | 771.12% | 40.88% | 138.86% | -174.46% | -116.97% | 642.42% | -72.91% | 29.47% | 236.02% | -92.67% | 0.43% | -88.64% | -82.77% | 2.33% | -30.4% | 30.19% | 244.51% | 99.6% | 257.45% | 539.81% |
| Net Income (Continuing) | 13.66M | 12.28M | 12.99M | -2.9M | -2.2M | 12.16M | 6.06M | 3.99M | 12.67M | 2.64M | 20.19M | 2.77M | 3.4M | 15.81M | 19.76M | 27.49M | 22.45M | 17.59M | 28.7M | 19.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 45.77M | 45.4M | 45.3M | 44.78M | 46.35M | 46.84M | 46.22M | 45.28M | 47.3M | 46.31M | 50.67M | 49.35M | 49.42M | 54.5M | 54.19M | 53.21M | 50.76M | 53.48M | 51.04M | 49.34M |
| EPS (Diluted) | 0.21 | 0.19 | 0.19 | -0.04 | -0.04 | 0.18 | 0.11 | 0.08 | 0.25 | 0.02 | 0.42 | 0.06 | 0.04 | 0.34 | 0.32 | 0.56 | 0.45 | 0.34 | 0.60 | 0.43 |
| EPS Growth % | 683.33% | 5.56% | 72.73% | -153.5% | -114.4% | 631.71% | -73.81% | 26.98% | 500.96% | -92.76% | 31.25% | -88.75% | -90.76% | 0% | -46.67% | 30.23% | 246.15% | 100% | 252.94% | 514.29% |
| EPS (Basic) | 0.21 | 0.19 | 0.19 | -0.04 | -0.04 | 0.18 | 0.11 | 0.08 | 0.26 | 0.03 | 0.42 | 0.06 | 0.04 | 0.35 | 0.32 | 0.56 | 0.45 | 0.34 | 0.61 | 0.44 |
| Diluted Shares Outstanding | 64.78M | 64.18M | 65.01M | 64.04M | 55.04M | 46.05M | 46.01M | 46.03M | 45.91M | 45.39M | 45.08M | 45.13M | 45.12M | 44.99M | 44.64M | 45.07M | 45.19M | 44.69M | 44.93M | 44.69M |
| Basic Shares Outstanding | 64.19M | 63.51M | 63.9M | 64.04M | 54.72M | 45.39M | 45.28M | 45.28M | 45.21M | 44.82M | 44.78M | 44.78M | 44.71M | 44.44M | 44.42M | 44.43M | 44.39M | 44M | 44M | 44M |
| Dividend Payout Ratio | 29.27% | 26.74% | 26.1% | - | - | 56.5% | 88.73% | 123.14% | 41.75% | 394.76% | 23.77% | 157.68% | 133.78% | 28.7% | 17.76% | 13.33% | 11.37% | 10.18% | 5.71% | 8.02% |