NYSE · ASC
ARDMORE SHIPPING financials
$18.44+1.60%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $310.2M | $405.8M | $396.0M | $445.7M | $192.5M | $220.1M | $230.0M | $210.2M | $195.9M | $164.4M |
| Gross profit | $111.7M | $190.2M | $184.7M | $217.0M | $103.9M | $138.8M | $134.0M | $112.0M | $123.2M | $127.3M |
| Gross margin | 36.0% | 46.9% | 46.7% | 48.7% | 54.0% | 63.1% | 58.2% | 53.3% | 62.9% | 77.4% |
| Operating income | $47.2M | $128.3M | $128.1M | $159.5M | -$19.9M | $18.6M | $16.2M | -$9.6M | $8.5M | $24.0M |
| Net income | $36.1M | $128.6M | $113.4M | $135.1M | -$38.1M | -$6.0M | -$22.9M | -$42.9M | -$12.5M | $3.7M |
| Net margin | 11.6% | 31.7% | 28.6% | 30.3% | −19.8% | −2.7% | −9.9% | −20.4% | −6.4% | 2.3% |
| Diluted EPS | $0.88 | $3.06 | $2.71 | $3.52 | $-1.12 | $-0.18 | $-0.69 | $-1.31 | $-0.37 | $0.12 |
| EBITDA | $81.0M | $158.5M | $155.9M | $195.6M | $16.9M | $57.0M | $53.3M | $29.2M | $45.7M | $56.8M |
| Operating cash flow | $81.6M | $160.4M | $159.6M | $124.2M | -$2.9M | $46.1M | $20.5M | $9.4M | $18.4M | $42.6M |
| Free cash flow | -$39.4M | $99.0M | $134.0M | $122.8M | -$5.6M | $25.1M | $17.8M | -$8.1M | $16.1M | -$132.3M |
| Diluted shares | 40.8M | 42.0M | 41.8M | 38.4M | 33.9M | 33.2M | 33.1M | 32.8M | 33.4M | 30.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $46.8M | $47.0M | $46.8M | $50.6M | $55.4M | $58.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $127.0M | $38.8M | $90.6M | $175.2M | $372.2M | $409.0M |
| Total assets | $788.7M | $704.8M | $691.0M | $723.9M | $724.5M | $752.0M |
| Total liabilities | $154.4M | $69.4M | $116.5M | $217.4M | $395.5M | $431.7M |
| Shareholders' equity | $634.3M | $607.6M | $537.4M | $469.4M | $292.0M | $320.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology