Company Analysis

EuroDry Ltd. (EDRY)

Nasdaq: EDRY · Water Transportation · Maroussi, GR · filing with the SEC since 2018
Grade5.6
◀ Past 5.4● Present 5.6▶ Future 5.9
2 est.

The grade of EuroDry Ltd.

Nine metrics read from its own filings, by tense
Headline grade
5.6/10
◀ Past5.430% of the headline
● Present5.640% of the headline
▶ Future5.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.9/10

Has it survived what it has been through?

1 warning event since 2018; the latest 2025-04-30.

weight 33% of this tense · 29th percentile among 19 sector filers · read for itself

From the record

EuroDry Ltd.'s filings since 2018 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+30.2% a year over 5 filed years; profitable in 3 of 5.

weight 45% of this tense · 66th percentile among 19 sector filers · read for its customers

From the record

EuroDry Ltd.'s 5 filed years say what it did: revenue went from $26 million in fiscal 2018 to $75 million in fiscal 2022, up 30.2% a year; it rose in 3 of 4 years; the deepest fall was 18% from fiscal 2019 to fiscal 2020; net income was positive in 3 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span30.2%top 9% of its family
  • the share of years revenue rosetop 36% of its family
  • the share of filed years with a profitbottom 45% of its family
  • the deepest fall from a revenue peak18.0%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.5/10

How has it treated the people who own it?

Share count shrank 1.4% a year. 11% of cash flow returned. Insiders: 25 sales, 12 purchases.

weight 22% of this tense · 65th percentile among 16 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, EuroDry Ltd.'s diluted share count shrank about 1.4% a year, and dividends and buybacks returned about 11% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 25 sales and 12 purchases of their own stock on the open market in the year to 2026-10-27, buying about $150 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 19% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.3/10

Is it financially healthy right now?

ROE -5%: lost 5¢ per shareholder dollar. Leverage 56%: owes 56¢ per asset dollar.

weight 33% of this tense · 33rd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, EuroDry Ltd. lost about 5 cents for every dollar of shareholders' money. Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 1.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 47% of its family
  • return on equitybottom 15% of its family
  • the share count against the year beforebottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.1/10

How strong is its position in its industry?

top 29% of 18 in its family; net margin 45%.

weight 45% of this tense · 71st percentile among 18 sector filers · read for its customers

From the record

EuroDry Ltd.'s standing among 18 graded names in its industry family: revenue of $75 million in fiscal 2022 ranks in the bottom 19% by size; a net margin of 45% ranks in the top 3%; revenue growth of 37.3% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$74.6Mbottom 19% of its family
  • net margin45.0%top 3% of its family
  • three-year revenue growth37.3%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 10 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: EuroDry Ltd.'s leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
3.4/10

How much room does it have to grow?

SI estimate 3.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 34th percentile among 19 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 34% of 19 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 19 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: EuroDry Ltd.'s room to expand is put at 3.4 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 34% of 19 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 17 in its family for growth drivers.

weight 45% of this tense · 63rd percentile among 17 sector filers · read for its customers

From the record

EuroDry Ltd.'s growth drivers, from the filed years to fiscal 2022: revenue grew 37.3% a year over the last three filed years against 30.2% over all 5, speeding up (top 26% of its family); the newest year grew 8.9% (top 21%); capital spending grew 8.2% a year (bottom 35%) (its annual reports). EuroDry Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+7.1 points a yeartop 26% of its family
  • the newest year's revenue growth8.9%top 21% of its family
  • three-year growth of capital spending8.2%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.0/10

Did its newest year beat what its own record pointed to?

top 30% of 16 in its family for expectations against reality.

weight 33% of this tense · 70th percentile among 16 sector filers · read for its shareholders

From the record

EuroDry Ltd.'s newest year against its own record: revenue of $75 million in fiscal 2022 came in 29.4% below the $106 million its prior three years' pace pointed to (bottom 22% of its family); net income of $34 million against a prior three-year average of $7 million (top 9%); a net margin of 45% against 1.6% before (top 3%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-29.4%bottom 22% of its family
  • net income against the prior three years' average+402%top 9% of its family
  • net margin against its prior average+43.4 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton EDRY · research, not advice