Revenue scaled to $6.3M in 2026Q1, though structural margin compression persists as evidenced by the 24.7% operating margin and high SG&A overhead.
| Sales/Revenue | 14.88M | 9.91M | 6.77M | 15.61M | 15.64M |
| Revenue Growth % | - | 46.34% | -56.64% | -0.16% | - |
| Cost of Goods Sold | 7.09M | 6.74M | 1.48M | 1.69M | 1.62M |
| COGS % of Revenue | - | 68% | 21.92% | 10.82% | 10.39% |
| Gross Profit | 7.79M | 3.17M | 5.29M | 13.92M | 14.01M |
| Gross Margin % | 52.36% | 32% | 78.08% | 89.18% | 89.61% |
| Gross Profit Growth % | - | -40.02% | -62.04% | -0.65% | - |
| Operating Expenses | 5.39M | 2.45M | 4.22M | -1.57M | 5.36M |
| OpEx % of Revenue | - | 24.72% | 62.33% | -10.03% | 34.29% |
| Selling, General & Admin | 4.26M | 1.81M | 3.1M | 3.89M | 3.35M |
| SG&A % of Revenue | - | 18.27% | 45.78% | 24.93% | 21.42% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 1.13M | 638.55K | 1.12M | -5.46M | 2.01M |
| Operating Income | 2.4M | 721.19K | 1.07M | 15.49M | 8.65M |
| Operating Margin % | 16.12% | 7.28% | 15.75% | 99.21% | 55.33% |
| Operating Income Growth % | - | -32.35% | -93.12% | 79.02% | - |
| EBITDA | 5.22M | 2.85M | 2.23M | 16.98M | 10.06M |
| EBITDA Margin % | 35.07% | 28.75% | 33.01% | 108.76% | 64.31% |
| EBITDA Growth % | - | 27.43% | -86.84% | 68.83% | - |
| D&A (Non-Cash Add-back) | 2.82M | 2.13M | 1.17M | 1.49M | 1.41M |
| EBIT | 916.57K | -12.02K | 1.06M | 15.49M | 8.65M |
| Net Interest Income | 476.34K | 393.54K | -13.06K | -5.96K | -9.49K |
| Interest Income | 503.44K | 426.67K | 0 | 10.4K | 4.55K |
| Interest Expense | 27.1K | 33.13K | 13.06K | 16.35K | 14.04K |
| Other Income/Expense | -1.68M | -766.33K | -14.69K | -15.89K | -11.35K |
| Pretax Income | 720.4K | -45.14K | 1.05M | 15.47M | 8.64M |
| Pretax Margin % | 4.84% | -0.46% | 15.53% | 99.11% | 55.25% |
| Income Tax | 0 | 0 | 0 | 47.07K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0.3% | 0% |
| Net Income | 720.4K | -45.14K | 1.05M | 15.43M | 8.64M |
| Net Margin % | 4.84% | -0.46% | 15.53% | 98.81% | 55.25% |
| Net Income Growth % | - | -104.29% | -93.18% | 78.53% | - |
| Net Income (Continuing) | 720.4K | -45.14K | 1.05M | 15.43M | 8.64M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.26 | -0.16 | 2.20 | 32.30 | 18.10 |
| EPS Growth % | - | -107.27% | -93.19% | 78.45% | - |
| EPS (Basic) | - | -0.16 | 2.20 | 32.30 | 18.10 |
| Diluted Shares Outstanding | 2.77M | 2.77M | 477.35K | 477.35K | 477.35K |
| Basic Shares Outstanding | 2.77M | 2.77M | 477.35K | 477.35K | 477.35K |
| Dividend Payout Ratio | - | - | - | - | - |
Single-vessel operational concentration
According to recent financial disclosures, RBNE achieved a significant revenue expansion to $6.3M in 2026Q1, reflecting a sharp upward trajectory from the $1.3M reported in 2024Q4, which suggests the company is successfully capturing increased spot market demand for its single-vessel tanker operations.
The rapid revenue growth appears to be driven by favorable tanker rate environments rather than structural fleet expansion. Investors should monitor whether this momentum is sustainable or if it remains highly sensitive to the inherent volatility of short-term chartering cycles.
As reported in quarterly filings, RBNE's gross margin fluctuated significantly, reaching 45.3% in 2026Q1, yet the company struggles to maintain consistent profitability due to high fixed costs that disproportionately impact the bottom line for a single-asset maritime operator.
The wide variance in gross margins suggests that voyage-specific expenses and potential off-hire periods create unpredictable profitability. The inability to consistently translate gross profit into net income indicates that the current scale is insufficient to absorb the company's fixed administrative burden.
Based on the provided income statement data, RBNE's operating income reached $1.6M in 2026Q1, yet the high SG&A expenses relative to revenue suggest that the company lacks the necessary scale to achieve meaningful operating leverage in its current configuration.
The disproportionate relationship between administrative costs and revenue indicates that corporate overhead remains a significant drag on performance. Without additional vessels to dilute these fixed costs, operating margins will likely remain vulnerable to even minor fluctuations in top-line performance.
While the company shows recent revenue growth, the financial statements highlight a critical vulnerability, as the entire income stream is tied to a single 0.03M DWT vessel, creating a binary risk profile that could lead to immediate revenue cessation during maintenance or downtime.
Short-sellers would likely focus on the lack of fleet diversification, which leaves the company with no buffer against mechanical failure or regional trade route disruptions. The current financial performance may be masking the underlying fragility of a business model that relies entirely on the uptime of one aging asset.
Quick answers to the most common questions about buying RBNE stock.
For fiscal year 2025, Robin Energy Ltd. (RBNE) reported total revenue of $9.9M. This represents a 36.7% decline compared to $15.6M in 2022.
Robin Energy Ltd. (RBNE) reported a net loss of $0.0M for the fiscal year ending 2025.
Robin Energy Ltd. (RBNE) reported an operating income of $0.7M, resulting in an operating profit margin of 7.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Robin Energy Ltd. (RBNE) generated $3.2M in gross profit for the year, representing a gross profit margin of 32.0%. This demonstrates the company's core pricing power and production efficiency.