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Ardmore Shipping (ASC) Financials

Ardmore Shipping logo
$18.94 +0.18 (+0.94%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$19.02 +0.09 (+0.46%)
As of 05/15/2026 07:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Ardmore Shipping

Annual Income Statements for Ardmore Shipping

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 32 3.75 -12 -43 -23 -6.05 -38 135 113 129 36
Consolidated Net Income / (Loss)		 32 3.75 -12 -43 -23 -6.05 -37 138 117 133 41
Net Income / (Loss) Continuing Operations		 32 3.75 -12 -43 -23 -6.05 -37 138 117 133 41
Total Pre-Tax Income 		32 3.81 -12 -43 -23 -5.85 -36 139 118 138 42
Total Operating Income		 44 29 14 -6.38 19 28 -8.02 325 143 300 185
Total Gross Profit		 128 71 60 112 134 76 40 386 195 346 244
Total Revenue		 158 164 196 210 230 220 192 446 396 406 310
Operating Revenue		 158 164 196 210 230 220 192 446 396 406 310
Total Cost of Revenue		 30 94 136 98 96 144 153 60 201 60 66
Operating Cost of Revenue		 30 94 136 98 96 144 153 60 201 60 66
Total Operating Expenses		 83 42 46 118 115 47 48 60 52 46 59
Selling, General & Admin Expense		 10 12 12 13 15 15 16 24 21 28 25
Depreciation Expense		 24 30 34 35 32 32 32 29 28 30 34
Other Special Charges / (Income)		 - - - - - - - 6.92 - -12 0.00
Total Other Income / (Expense), net		 -12 -25 -26 -36 -42 -34 -28 -187 -25 -162 -144
Interest Expense		 12 18 21 27 27 18 16 190 11 164 145
Interest & Investment Income		 0.02 0.16 0.44 0.61 0.95 0.28 0.06 0.47 1.82 1.82 0.96
Other Income / (Expense), net		 0.00 -7.34 -5.54 -9.59 -16 -16 -12 2.96 -15 0.66 0.01
Income Tax Expense		 0.08 0.06 0.06 0.16 0.06 0.20 0.15 0.21 0.44 0.22 0.24
Other Gains / (Losses), net		 - - - - 0.00 0.00 -0.32 -0.20 -1.04 -4.51 -0.31
Preferred Stock Dividends Declared		 - - - - 0.00 0.00 1.25 3.40 3.40 4.40 4.94
Basic Earnings per Share		 $1.23 $0.12 ($0.37) ($1.31) ($0.69) ($0.18) ($1.12) $3.63 $2.76 $3.09 $0.89
Weighted Average Basic Shares Outstanding		 26.06M 30.14M 33.44M 32.84M 33.10M 33.24M 33.88M 37.24M 41.13M 41.66M 40.62M
Diluted Earnings per Share		 $1.23 $0.12 ($0.37) ($1.31) ($0.69) ($0.18) ($1.12) $3.52 $2.71 $3.06 $0.88
Weighted Average Diluted Shares Outstanding		 26.06M 30.14M 33.44M 32.84M 33.10M 33.24M 33.88M 38.36M 41.82M 42.04M 40.81M
Weighted Average Basic & Diluted Shares Outstanding		 26.06M 30.14M 33.44M 32.84M 33.10M 33.24M 34.36M 40.63M 41.30M 40.46M 40.73M

Quarterly Income Statements for Ardmore Shipping

No quarterly income statements for Ardmore Shipping are available.

Annual Cash Flow Statements for Ardmore Shipping

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -20 16 -16 17 -5.18 6.64 -2.92 -4.88 -3.76 0.18 -0.14
Net Cash From Operating Activities		 38 43 18 9.43 20 46 -2.89 124 160 160 82
Net Cash From Continuing Operating Activities		 38 43 18 9.43 20 46 -2.89 124 160 160 82
Net Income / (Loss) Continuing Operations		 32 3.75 -12 -43 -23 -6.05 -37 138 117 133 41
Consolidated Net Income / (Loss)		 32 3.75 -12 -43 -23 -6.05 -37 138 117 133 41
Depreciation Expense		 24 30 34 35 32 32 32 29 28 30 34
Amortization Expense		 3.83 6.13 5.98 8.31 7.36 7.97 6.79 5.62 4.78 4.77 6.57
Non-Cash Adjustments To Reconcile Net Income		 -2.69 0.74 -3.74 2.08 8.05 4.15 -3.49 11 -13 -7.20 -14
Changes in Operating Assets and Liabilities, net		 -20 2.12 -5.61 6.84 -4.41 7.84 -1.06 -60 23 -0.38 14
Net Cash From Investing Activities		 -233 -122 -2.28 -18 24 -21 1.63 35 -27 -33 -121
Net Cash From Continuing Investing Activities		 -233 -122 -2.28 -18 24 -21 1.63 35 -27 -33 -121
Purchase of Property, Plant & Equipment		 -233 -175 -0.65 -0.20 -0.18 -0.09 -0.09 -0.11 -0.21 -0.43 -0.28
Sale of Property, Plant & Equipment		 0.00 53 0.00 0.00 27 0.00 9.90 40 0.00 27 0.00
Other Investing Activities, net		 0.00 0.00 -1.64 -17 -2.49 -21 -2.63 -3.81 -27 -59 -121
Net Cash From Financing Activities		 175 96 -33 26 -50 -18 -1.66 -164 -137 -127 39
Net Cash From Continuing Financing Activities		 175 96 -33 26 -50 -18 -1.66 -164 -137 -127 39
Repayment of Debt		 -28 -75 -64 -195 -251 -37 -88 -152 -86 -155 -95
Repurchase of Preferred Equity		 - - - - - - - 0.00 0.00 -10 -30
Repurchase of Common Equity		 0.00 -2.99 -11 0.00 0.00 -0.29 - 0.00 0.00 -18 0.00
Payment of Dividends		 -13 -9.33 0.00 0.00 0.00 -1.66 -0.79 -3.29 -51 -49 -15
Issuance of Debt		 216 119 11 3.90 201 20 0.00 132 0.00 105 179
Other Financing Activities, net		 - - 31 210 0.00 0.00 49 -180 - - 0.00
Cash Income Taxes Paid		 0.04 0.12 0.06 0.14 0.05 0.14 0.20 0.05 0.54 0.11 0.39

Quarterly Cash Flow Statements for Ardmore Shipping

No quarterly cash flow statements for Ardmore Shipping are available.

Annual Balance Sheets for Ardmore Shipping

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 778 884 846 845 772 752 725 724 691 705 789
Total Current Assets		 115 94 84 109 98 103 94 158 127 127 112
Cash & Equivalents		 40 56 39 57 52 58 55 51 47 47 47
Accounts Receivable		 26 23 27 27 30 18 20 80 56 61 48
Inventories, net		 3.97 7.34 9.63 13 10 10 11 16 13 11 8.91
Prepaid Expenses		 1.04 0.80 1.41 2.08 1.94 3.68 3.51 4.52 4.35 4.30 3.69
Other Current Assets		 6.99 6.44 6.12 10 4.11 12 3.86 7.09 6.83 3.08 4.87
Plant, Property, & Equipment, net		 659 785 752 721 661 631 612 531 524 546 638
Total Noncurrent Assets		 4.16 4.42 9.84 14 14 18 18 35 40 33 39
Long-Term Investments		 - - - - - 0.68 11 11 11 5.24 4.98
Other Noncurrent Operating Assets		 4.16 3.93 9.39 11 11 14 4.25 21 26 25 29
Other Noncurrent Nonoperating Assets		 - - - - - - 0.00 2.72 2.84 2.75 4.92
Total Liabilities & Shareholders' Equity		 778 884 846 845 772 752 725 724 691 705 789
Total Liabilities		 431 479 465 498 446 432 396 217 117 69 154
Total Current Liabilities		 69 59 58 76 60 63 59 53 34 30 26
Accounts Payable		 13 14 16 8.60 4.79 9.13 8.58 8.81 2.02 6.07 5.07
Accrued Expenses		 - - - 16 16 11 11 21 18 18 19
Current Deferred Revenue		 1.19 0.51 - - - 0.00 2.07 1.22 0.35 0.48 1.60
Other Current Liabilities		 - - 0.00 26 18 19 21 8.22 5.84 4.97 0.60
Total Noncurrent Liabilities		 361 420 406 423 386 369 337 164 83 40 129
Long-Term Debt		 361 411 367 206 187 188 130 116 40 39 127
Other Noncurrent Operating Liabilities		 - - 0.00 1.49 1.18 1.47 1.67 4.98 1.46 0.75 1.54
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - 0.00 37 37 37 28 0.00
Total Equity & Noncontrolling Interests		 348 404 381 347 326 320 292 469 537 608 634
Total Preferred & Common Equity		 348 404 381 347 326 320 292 469 537 608 634
Total Common Equity		 348 404 381 347 326 320 292 469 537 608 634
Common Stock		 338 406 406 415 417 419 426 468 472 476 479
Retained Earnings		 10 2.92 -9.57 -53 -76 -82 -120 15 81 165 189
Treasury Stock		 -1.28 -4.27 -15 -15 -15 -16 -16 -16 -16 -34 -34

Quarterly Balance Sheets for Ardmore Shipping

No quarterly balance sheets for Ardmore Shipping are available.

Annual Metrics And Ratios for Ardmore Shipping

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 40,731,441.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 40,731,441.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.89
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 44 28 9.84 -4.47 14 20 -5.62 325 142 144 184
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 50.63% 22.79% 22.35% 24.17%
Earnings before Interest and Taxes (EBIT)		 44 21 8.51 -16 3.01 12 -20 328 128 141 185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 72 58 49 27 43 52 18 363 160 176 226
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -150 -97 33 50 69 48 33 323 156 127 99
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 687 813 790 735 680 652 614 615 602 619 705
Increase / (Decrease) in Invested Capital		 194 125 -23 -55 -55 -28 -38 1.65 -13 17 85
Book Value per Share		 $13.38 $15.42 $11.35 $10.78 $9.85 $9.68 $8.80 $13.66 $13.23 $14.71 $15.68
Tangible Book Value per Share		 $13.38 $15.42 $11.35 $10.78 $9.85 $9.68 $8.80 $13.66 $13.23 $14.71 $15.68
Total Capital		 763 867 828 791 731 710 679 679 662 674 761
Total Debt		 415 462 447 444 405 390 350 172 88 39 127
Total Long-Term Debt		 361 420 406 421 385 367 335 160 81 39 127
Net Debt		 375 406 407 387 353 331 284 111 30 -13 75
Capital Expenditures (CapEx)		 233 122 0.65 0.20 -26 0.09 -9.80 -40 0.21 -26 0.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 60 21 27 -0.14 6.08 3.73 -4.63 67 53 50 39
Debt-free Net Working Capital (DFNWC)		 100 77 66 57 58 62 51 118 99 97 86
Net Working Capital (NWC)		 46 35 26 34 38 40 36 105 93 97 86
Net Nonoperating Expense (NNE)		 12 25 22 38 36 26 31 186 26 11 143
Net Nonoperating Obligations (NNO)		 340 408 409 389 354 331 285 109 28 -16 70
Total Depreciation and Amortization (D&A)		 28 36 40 43 40 40 38 35 33 35 40
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.23 $0.12 $0.00 $0.00 ($0.69) ($0.18) ($1.12) $3.63 $2.76 $3.09 $0.89
Adjusted Weighted Average Basic Shares Outstanding		 26.21M 33.58M 0.00 0.00 33.10M 33.19M 33.88M 37.24M 41.13M 41.66M 40.62M
Adjusted Diluted Earnings per Share		 $1.23 $0.12 $0.00 $0.00 ($0.69) ($0.18) ($1.12) $3.52 $2.71 $3.06 $0.88
Adjusted Weighted Average Diluted Shares Outstanding		 26.21M 33.58M 0.00 0.00 33.10M 33.19M 33.88M 38.36M 41.82M 42.04M 40.81M
Adjusted Basic & Diluted Earnings per Share		 $1.23 $0.12 $0.00 $0.00 ($0.69) ($0.18) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.06M 30.14M 0.00 0.00 33.10M 33.24M 34.36M 40.63M 41.30M 40.46M 40.73M
Normalized Net Operating Profit after Tax (NOPAT)		 44 28 9.84 -4.47 14 20 -5.62 332 142 144 184
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Ardmore Shipping

No quarterly metrics and ratios for Ardmore Shipping are available.


Financials Breakdown Chart

Ardmore Shipping Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ardmore Shipping's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Ardmore Shipping's net income appears to be on an upward trend, with a most recent value of $41.01 million in 2025, rising from $31.95 million in 2015. The previous period was $133.01 million in 2024. Find out what analysts predict for Ardmore Shipping in the coming months.

Ardmore Shipping's total operating income in 2025 was $185.12 million, based on the following breakdown:
  • Total Gross Profit: $244.04 million
  • Total Operating Expenses: $58.92 million

Over the last 10 years, Ardmore Shipping's total revenue changed from $157.88 million in 2015 to $310.20 million in 2025, a change of 96.5%.

Ardmore Shipping's total liabilities were at $154.39 million at the end of 2025, a 122.5% increase from 2024, and a 64.1% decrease since 2015.

In the past 10 years, Ardmore Shipping's cash and equivalents has ranged from $39.46 million in 2017 to $58.37 million in 2020, and is currently $46.85 million as of their latest financial filing in 2025.

Over the last 10 years, Ardmore Shipping's book value per share changed from 13.38 in 2015 to 15.68 in 2025, a change of 17.2%.


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Financial statements for NYSE:ASC last updated on 4/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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