Top Ships Inc
Top Ships Inc operates in the Marine Freight & Logistics industry, providing transportation services through its fleet of vessels, primarily generating revenue from charter hire agreements.
Business. Top Ships Inc (NYSE: TOPS.K) is a marine freight and logistics company operating within the transportation industry. The firm generates service revenue through shipping activities, with performance typically measured by metrics such as fleet utilization and time-charter equivalent rates. Specific details regarding operating segments and geographic revenue mix are not provided. The company is primarily listed on the New York Stock Exchange under the ticker symbol TOPS.K.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Top Ships Inc (NYSE: TOPS.K) is a marine freight and logistics company operating within the transportation industry. The firm generates service revenue through shipping activities, with performance typically measured by metrics such as fleet utilization and time-charter equivalent rates. Specific details regarding operating segments and geographic revenue mix are not provided. The company is primarily listed on the New York Stock Exchange under the ticker symbol TOPS.K.
Top Ships Inc has a market capitalization of $5.16 million, with a market price of $0.95 per share, based on the latest available valuation data. The company has no dilution risk, as the number of basic and diluted shares outstanding is identical at 5,430,519, indicating no potential for share dilution from stock options or convertible instruments. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents.
Profitability metrics are not available in the valuation snapshot, and no industry-specific preferred metrics are provided in the industry configuration. As a result, a direct comparison of returns or margins to cohort medians cannot be made at this time.
The company's revenue concentration and geographic exposure are not disclosed in the available data, and no segment-specific financials are provided. This limits the ability to assess the diversification of its revenue streams or the impact of regional economic conditions on its operations.
Growth trajectory is not quantifiable in the current dataset, as no outlook data is available for the current or next fiscal year. Historical revenue data is also not provided, making it difficult to assess the company's growth performance over time.
Risk factors include the inability to assess liquidity risk, which could affect the company's ability to meet short-term obligations. The absence of balance-sheet data and going-concern language in source documents raises concerns about the company's financial stability.
No recent events, such as filings or transcripts, are available in the dataset to provide insight into the company's current operational or strategic developments.
- Top Ships Inc operates in the Marine Freight & Logistics industry, primarily generating revenue from charter hire agreements.
- The company has no dilution risk, as basic and diluted shares are equal.
- Liquidity risk could not be assessed due to missing balance-sheet data and no going-concern language in source documents.
- Profitability and growth metrics are not available, limiting the ability to compare performance to industry benchmarks.
- Revenue concentration and geographic exposure are not disclosed, making it difficult to assess diversification.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue $82.9M, +2,8% YoY; Operating income −11,9% YoY.
- ▍Revenue $82.9M, +2,8% YoY
- ▍Operating income −11,9% YoY
- ▍Net income −68,0% YoY
- ▍Free cash flow +93,8% YoY
- ▍Net margin 7.3%
Revenue $80.7M, +43,1% YoY; Operating income +120,4% YoY.
- ▍Revenue $80.7M, +43,1% YoY
- ▍Operating income +120,4% YoY
- ▍Net income +119,9% YoY
- ▍Free cash flow −115,5% YoY
- ▍Net margin 23.5%
Revenue $56.4M; Operating income $14.8M.
- ▍Revenue $56.4M
- ▍Operating income $14.8M
- ▍Net margin 15.3%
Valuation FY
Revenue by segment
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Stress test
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Top Ships Inc Market data — financials · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Evangelos J. PistiolisPresident, Chief Executive Officer, Director
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Operating income (YoY) (2025-12-31 vs 2024-12-31): -5.8%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -16.4%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -12.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -38.2%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 52.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -21.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2022-12-31): -0.3%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -38.5%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.61xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.74xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 167.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -38.5%Derived (calculated)
- Shareholders' equity (annual): USD 89.19MSEC XBRL filing
- Operating cash flow (annual): USD 26.43MSEC XBRL filing
- Total liabilities (annual): USD 244.42MSEC XBRL filing
- Cash & equivalents (annual): USD 20.37MSEC XBRL filing
- Current liabilities (annual): USD 39.55MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 1SEC XBRL filing
- Operating income (annual): USD 26.28MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 1SEC XBRL filing
- Total assets (annual): USD 333.61MSEC XBRL filing
- Current assets (annual): USD 24.05MSEC XBRL filing
- Revenue (annual): USD 80.42MSEC XBRL filing
- Long-term debt (annual): USD 216.61MSEC XBRL filing