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OceanPal (OP) Financials

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$8.20 +0.05 (+0.61%)
As of 07/16/2026
Annual Income Statements for OceanPal

Annual Income Statements for OceanPal

This table shows OceanPal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
0.00 -4.15 -29 -2.67 -6.71 -20
Consolidated Net Income / (Loss)
-1.86 -4.15 40 -0.33 -1.98 -18
Net Income / (Loss) Continuing Operations
-1.86 -4.15 -29 -0.33 -1.98 -18
Total Pre-Tax Income
-1.86 -4.15 39 -0.33 -1.98 -18
Total Operating Income
-1.86 -3.80 56 -0.33 -7.72 -18
Total Gross Profit
11 -0.98 9.99 19 19 26
Total Revenue
12 0.00 4.55 19 19 26
Operating Revenue
12 - 4.55 19 19 26
Total Cost of Revenue
1.55 0.98 18 0.00 0.00 0.00
Total Operating Expenses
13 3.18 3.20 19 27 44
Selling, General & Admin Expense
6.39 1.27 3.20 3.08 5.28 6.21
Depreciation Expense
2.48 2.15 - 4.90 7.67 7.20
Other Operating Expenses / (Income)
0.77 -0.24 - 11 14 24
Impairment Charge
3.05 0.00 - 0.00 0.00 6.12
Other Special Charges / (Income)
- - - 0.00 0.00 0.01
Total Other Income / (Expense), net
0.00 0.00 -11 0.00 5.75 0.18
Interest & Investment Income
- - - 0.00 0.51 0.26
Other Income / (Expense), net
0.00 - -11 0.00 5.24 -0.08
Preferred Stock Dividends Declared
0.00 - - 2.35 4.73 1.87
Basic Earnings per Share
$0.00 $0.00 $2.69 ($17.18) ($2.02) ($2.64)
Weighted Average Basic Shares Outstanding
0.00 0.00 - 155.66K 3.32M 7.47M
Diluted Earnings per Share
$0.00 $0.00 $2.69 ($17.18) ($3.83) ($2.64)
Weighted Average Diluted Shares Outstanding
0.00 0.00 - 155.66K 3.37M 7.47M
Weighted Average Basic & Diluted Shares Outstanding
- - - 10.18M 7.45M 7.50M

Quarterly Income Statements for OceanPal

No quarterly income statements for OceanPal are available.


Annual Cash Flow Statements for OceanPal

This table details how cash moves in and out of OceanPal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-0.06 0.04 0.32 6.78 6.39 -7.68
Net Cash From Operating Activities
1.44 -2.72 0.74 1.51 0.82 -3.53
Net Cash From Continuing Operating Activities
1.44 -2.72 57 1.51 0.82 -3.53
Net Income / (Loss) Continuing Operations
-1.86 -3.80 0.00 -0.33 -1.98 -18
Consolidated Net Income / (Loss)
-1.86 -3.80 - -0.33 -1.98 -18
Depreciation Expense
2.48 2.15 - 4.90 7.67 7.20
Non-Cash Adjustments To Reconcile Net Income
3.05 -1.03 68 -0.38 -5.35 6.14
Changes in Operating Assets and Liabilities, net
-2.22 -0.05 -12 -2.68 0.47 0.99
Net Cash From Investing Activities
0.00 -1.47 524 -5.09 -6.01 -2.52
Net Cash From Continuing Investing Activities
0.00 -1.47 0.30 -5.09 -6.01 -2.52
Purchase of Property, Plant & Equipment
0.00 -1.47 - -5.09 -4.37 -19
Acquisitions
0.00 0.00 - 0.00 -1.64 -1.38
Sale of Property, Plant & Equipment
- - - 0.00 0.00 18
Net Cash From Financing Activities
-1.50 4.24 524 10 12 -1.64
Net Cash From Continuing Financing Activities
-1.50 4.24 505 10 12 -1.64
Repurchase of Common Equity
0.00 0.00 - -1.84 -1.51 0.00
Payment of Dividends
0.00 0.00 - -0.90 -2.09 -1.64
Issuance of Preferred Equity
0.00 0.00 - 0.00 0.04 0.00
Issuance of Common Equity
0.00 0.00 110 16 15 0.00
Other Financing Activities, net
-1.50 4.24 - -3.10 0.03 0.00

Quarterly Cash Flow Statements for OceanPal

No quarterly cash flow statements for OceanPal are available.


Annual Balance Sheets for OceanPal

This table presents OceanPal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
37 49 79 95 89
Total Current Assets
4.24 3.20 14 20 14
Cash & Equivalents
0.04 1.67 8.45 15 7.16
Note & Lease Receivable
- - 0.00 2.96 3.06
Inventories, net
0.18 0.19 0.33 0.29 1.60
Prepaid Expenses
0.00 0.46 1.13 0.90 2.20
Other Current Assets
0.94 0.00 0.00 1.06 0.09
Plant, Property, & Equipment, net
32 46 64 71 71
Plant, Property & Equipment, gross
32 46 64 71 71
Total Noncurrent Assets
0.70 0.15 1.18 3.70 4.09
Long-Term Investments
- - 0.00 1.65 2.97
Other Noncurrent Operating Assets
0.70 0.15 1.18 2.06 1.12
Total Liabilities & Shareholders' Equity
37 49 79 95 89
Total Liabilities
1.89 0.93 2.46 2.29 5.09
Total Current Liabilities
1.89 0.93 2.46 2.29 5.09
Accounts Payable
0.25 0.32 0.28 0.41 1.85
Accrued Expenses
1.64 0.38 1.15 0.90 2.42
Dividends Payable
- - 0.24 0.11 0.18
Current Deferred Revenue
0.00 0.23 0.37 0.40 0.18
Other Current Liabilities
- - 0.41 0.47 0.46
Total Noncurrent Liabilities
0.00 0.00 0.00 0.00 0.00
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
35 48 77 93 84
Total Preferred & Common Equity
35 48 77 93 84
Preferred Stock
0.00 0.01 0.01 0.01 0.01
Total Common Equity
35 48 77 93 84
Common Stock
144 48 79 101 110
Retained Earnings
-109 0.07 -2.32 -8.02 -26

Quarterly Balance Sheets for OceanPal

No quarterly balance sheets for OceanPal are available.


Annual Metrics And Ratios for OceanPal

This table displays calculated financial ratios and metrics derived from OceanPal's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
DEI Shares Outstanding
0.00 0.00 - 10,183,996.00 7,448,601.00 7,504,982.00
DEI Adjusted Shares Outstanding
0.00 0.00 - 20,368.00 297,944.00 300,199.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 - -131.28 -22.51 -65.72
Growth Metrics
- - - - - -
Revenue Growth
0.00% -100.00% -71.90% 0.00% -0.67% 35.58%
EBITDA Growth
0.00% -366.63% 3,956.93% 0.00% 13.50% -310.64%
EBIT Growth
0.00% -103.77% 3,956.93% 0.00% -661.66% -629.92%
NOPAT Growth
0.00% -103.77% 1,684.86% 0.00% -2,268.71% -133.68%
Net Income Growth
0.00% -122.95% 371.06% 0.00% -506.44% -803.49%
EPS Growth
0.00% -122.95% 6,625.00% 0.00% 77.71% 31.07%
Operating Cash Flow Growth
0.00% -289.18% -83.18% 0.00% -46.13% -533.13%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 0.00% 17.96%
Invested Capital Growth
0.00% 0.00% -5.76% 0.00% 11.47% -2.32%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - -
Gross Margin
87.48% 0.00% 219.42% 100.00% 100.00% 100.00%
EBITDA Margin
4.98% 0.00% 978.88% 23.95% 27.36% -42.51%
Operating Margin
-15.06% 0.00% 1,226.21% -1.71% -40.73% -70.21%
EBIT Margin
-15.06% 0.00% 978.88% -1.71% -13.10% -70.52%
Profit (Net Income) Margin
-15.06% 0.00% 884.71% -1.71% -10.43% -69.50%
Tax Burden Percent
100.00% 100.00% 102.16% 100.00% 100.00% 100.00%
Interest Burden Percent
100.00% 109.41% 88.47% 100.00% 79.62% 98.55%
Effective Tax Rate
0.00% 0.00% 2.16% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 138.86% -0.33% -7.48% -16.77%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 147.56% 0.86% -35.36% 22.96%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -119.15% -0.09% 5.14% -3.42%
Return on Equity (ROE)
0.00% -11.77% 19.71% -0.43% -2.34% -20.19%
Cash Return on Invested Capital (CROIC)
0.00% -215.45% 144.80% 0.00% -18.33% -14.43%
Operating Return on Assets (OROA)
0.00% 0.00% 6.60% -0.51% -2.86% -19.67%
Return on Assets (ROA)
0.00% 0.00% 5.97% -0.51% -2.27% -19.38%
Return on Common Equity (ROCE)
0.00% -11.77% 19.71% -0.43% -2.34% -20.19%
Return on Equity Simple (ROE_SIMPLE)
0.00% -11.77% 14.49% -0.43% -2.14% -21.17%
Net Operating Profit after Tax (NOPAT)
-1.30 -2.66 55 -0.23 -5.41 -13
NOPAT Margin
-10.54% 0.00% 1,199.75% -1.20% -28.51% -49.15%
Net Nonoperating Expense Percent (NNEP)
0.00% -329.07% -8.69% -1.19% 27.88% -39.73%
Return On Investment Capital (ROIC_SIMPLE)
- - - -0.30% -5.84% -14.97%
Cost of Revenue to Revenue
12.52% 0.00% 404.37% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
51.67% 0.00% 70.39% 16.15% 27.86% 24.17%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
102.54% 0.00% 70.39% 101.71% 140.73% 170.21%
Earnings before Interest and Taxes (EBIT)
-1.86 -3.80 45 -0.33 -2.48 -18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
0.62 -1.64 45 4.57 5.19 -11
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.01 0.10
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.01 0.10
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.01 0.06 0.34
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 -0.03 -0.81 -0.11 -0.15 -0.15
Leverage Ratio
0.00 1.05 3.30 1.03 1.03 1.04
Compound Leverage Factor
0.00 1.15 2.92 1.03 0.82 1.03
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.01% 0.01% 0.01%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 100.00% 100.00% 99.99% 99.99% 99.99%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 0.00 0.00 0.39 0.52 0.35
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.01% 0.01% 0.01%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 2.25 0.76 5.76 8.77 2.77
Quick Ratio
0.00 1.19 0.13 5.17 7.79 2.01
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -37 57 0.00 -13 -11
Operating Cash Flow to CapEx
0.00% -184.63% 0.00% 29.70% 18.66% -309.65%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.00 0.01 0.30 0.22 0.28
Accounts Receivable Turnover
0.00 0.00 0.83 7.43 0.00 0.00
Inventory Turnover
0.00 5.37 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.98 0.35 0.28 0.36
Accounts Payable Turnover
0.00 3.93 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 437.90 49.13 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 67.92 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 92.88 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 437.90 49.13 0.00 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 34 38 68 76 74
Invested Capital Turnover
0.00 0.00 0.12 0.28 0.26 0.34
Increase / (Decrease) in Invested Capital
0.00 34 -2.33 0.00 7.84 -1.77
Enterprise Value (EV)
0.00 0.00 0.00 -8.35 -15 -1.48
Market Capitalization
0.00 0.00 0.00 0.10 1.14 8.64
Book Value per Share
$0.00 $0.00 $0.00 $8.68 $27.92 $11.33
Tangible Book Value per Share
$0.00 $0.00 $0.00 $8.68 $27.92 $11.33
Total Capital
0.00 35 278 77 93 84
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
0.00 -0.04 -20 -8.45 -16 -10
Capital Expenditures (CapEx)
0.00 1.47 0.00 5.09 4.37 1.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 2.31 -40 3.26 2.92 1.86
Debt-free Net Working Capital (DFNWC)
0.00 2.35 -27 12 18 9.02
Net Working Capital (NWC)
0.00 2.35 -27 12 18 9.02
Net Nonoperating Expense (NNE)
0.56 1.50 14 0.10 -3.43 5.23
Net Nonoperating Obligations (NNO)
0.00 -0.91 -240 -8.21 -16 -9.95
Total Depreciation and Amortization (D&A)
2.48 2.15 0.00 4.90 7.67 7.20
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% -870.63% 17.07% 15.39% 7.24%
Debt-free Net Working Capital to Revenue
0.00% 0.00% -596.84% 61.37% 93.68% 35.09%
Net Working Capital to Revenue
0.00% 0.00% -596.84% 61.37% 93.68% 35.09%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $2.69 ($17.20) ($2.02) ($2.64)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 0.00 155.66K 3.32M 7.47M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $2.69 ($17.20) ($3.83) ($2.64)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 0.00 155.66K 3.37M 7.47M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $2.69 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 0.00 509.20K 7.45M 7.50M
Normalized Net Operating Profit after Tax (NOPAT)
0.83 -2.66 55 -0.23 -5.41 -8.34
Normalized NOPAT Margin
6.71% 0.00% 1,199.75% -1.20% -28.51% -32.45%
Pre Tax Income Margin
-15.06% 0.00% 866.02% -1.71% -10.43% -69.50%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% -275.15% -105.67% -9.16%
Augmented Payout Ratio
0.00% 0.00% 0.00% -838.04% -182.20% -9.16%

Quarterly Metrics And Ratios for OceanPal

No quarterly metrics and ratios for OceanPal are available.



Financials Breakdown Chart

OceanPal Financials - Frequently Asked Questions

According to the most recent income statement we have on file, OceanPal's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

OceanPal's net income appears to be on a downward trend, with a most recent value of -$17.86 million in 2024, rising from -$1.86 million in 2019. The previous period was -$1.98 million in 2023. Find out what analysts predict for OceanPal in the coming months.

OceanPal's total operating income in 2024 was -$18.05 million, based on the following breakdown:
  • Total Gross Profit: $25.70 million
  • Total Operating Expenses: $43.75 million

Over the last 5 years, OceanPal's total revenue changed from $12.37 million in 2019 to $25.70 million in 2024, a change of 107.8%.

OceanPal's total liabilities were at $5.09 million at the end of 2024, a 122.7% increase from 2023, and a 169.9% increase since 2020.

In the past 4 years, OceanPal's cash and equivalents has ranged from $39.64 thousand in 2020 to $14.84 million in 2023, and is currently $7.16 million as of their latest financial filing in 2024.

Over the last 5 years, OceanPal's book value per share changed from 0.00 in 2019 to 11.33 in 2024, a change of 1,132.6%.



Financial statements for NASDAQ:OP last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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