TOP Ships Inc. (TOPS)
NYSE: TOPS · Deep Sea Foreign Transportation of Freight · filing with the SEC since 2004
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
| Report filed | Apr 1, 2026 | Apr 14, 2025 | Mar 29, 2024 | Apr 3, 2023 | Apr 15, 2022 | Apr 23, 2021 | Apr 10, 2020 | Mar 28, 2019 | Mar 29, 2018 | Mar 14, 2017 |
| Revenue | 80,415 | · | · | 80,656 | 56,367 | 60,222 | 66,088 | 41,048 | 39,363 | 28,433 |
| General and administrative | 7,617 | 7,506 | 6,697 | 1,617 | 1,943 | 1,932 | 1,730 | 6,997 | 5,805 | 2,906 |
| Operating income | 26,280 | 27,904 | 28,727 | 32,619 | 14,801 | -1,795 | 3,936 | -3,889 | 1,616 | 4,848 |
| Interest expense | 23,406 | 23,496 | 22,989 | 11,895 | 8,202 | 22,577 | 19,004 | 11,444 | 16,146 | 3,764 |
| Interest and investment income | 385 | 467 | 346 | 48 | 0 | 34 | 133 | 130 | 13 | · |
| Share of profit of equity-method investments | -173 | 159 | -18 | 646 | 747 | 713 | 778 | 291 | -27 | · |
| Other income (expense), net | · | · | · | · | · | 0 | 0 | 180 | 1,120 | -5 |
| Total non-operating income (expense) | -23,194 | -22,870 | -22,661 | -13,671 | -6,185 | -21,023 | -18,709 | · | · | · |
| Income before income taxes | · | · | · | · | · | · | · | · | -13,345 | 1,052 |
| Income tax expense | · | · | · | · | · | 0 | 0 | 0 | 0 | 0 |
| Net income including non-controlling interests | 3,086 | 5,034 | 6,066 | 18,948 | 8,616 | -22,818 | -14,773 | -11,129 | -13,372 | 1,052 |
| Net income to non-controlling interests | · | · | · | · | · | · | · | 5 | 32r | · |
| Net income | · | · | · | · | · | · | · | · | -13,404 | -351r |
| Preferred dividends | · | · | · | · | · | · | · | · | · | 1,403 |
| Net income to common shareholders | 3,086 | 5,034 | -22,370 | -9,187 | 5,396 | -28,780 | -30,989r | -11,134 | -13,404r | -351 |
| Earnings per share, basic | 0.67 | 1.09 | -12.44 | -36.34r | 32.51r | -293.76b | · | · | · | -10,800.00b |
| Earnings per share, diluted | 0.67 | 1.09 | -12.44 | -36.34r | 32.51r | -293.76b | · | · | · | -10,800.00b |
| Earnings per share, basic and diluted | · | · | · | · | 33.60b | -292.80b | -63,511.20rb | -73,488.00rb | -1,506,000.00rb | -1,914,600,000.00b |
| Weighted average shares, basic | 4,626,197 | 4,626,197 | 1,798,761 | 252,815r | 165,966r | 97,990rb | 117,104r | 152rb | 53,169r | 22r |
| Weighted average shares, diluted | 4,626,197 | 4,626,197 | 1,798,761 | 252,815 | 165,966r | 97,989b | 488b | · | · | 34b |
| Weighted average shares, basic and diluted | · | · | · | · | 165,967b | 97,989b | 488b | · | · | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-12 reverse split of Sep 2023.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpenseDebt
us-gaap:InterestExpenseInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestmentsIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossPreferred dividends paid to preferred holders before common shareholders
us-gaap:PreferredStockDividendsIncomeStatementImpactNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedEarnings per share, basic and diluted net income per share, where both counts are the same
us-gaap:EarningsPerShareBasicAndDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstandingWeighted average shares, basic and diluted the average count, where both counts are the same
us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted