Castor Maritime Inc. (CTRM) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $122.2M
P/E (TTM): 0.63
Price / sales: 1.35
EV / EBITDA: —
Price / book: 0.21

Cash flow

FCF yield: 7.7%
SBC-adjusted FCF yield: 7.5%
SBC impact: 2.7%
Stock compensation (TTM): $253K

Margins & growth

Profit margin: 109.1%
Operating margin: 98.3%
Quarterly revenue (year on year): 176.3%
Quarterly earnings (year on year): 29.1%

Balance sheet

Cash & investments: $111M
Debt: $6.7M
Net cash / (debt): $104.3M

Where the revenue comes from

Dry Bulk is 44% of revenue.

By product or service

Year to Dec 31, 2025 · $35.6M

Ship Management45%
$15.9M+1,794.7% vs. a year earlier
Management Service26%
$9.1M+2,833.8% vs. a year earlier
Transaction Services20%
$7.3M+3,435,888.7% vs. a year earlier
Other Revenue9%
$3.3M+12,636.5% vs. a year earlier

These lines are the breakdown as filed. We could not reconcile them against the total revenue for the same period.

By business segment

Year to Dec 31, 2025 · $81.8M

Dry Bulk44%
$36.2M-27.3% vs. a year earlier
Asset Management43%
$35.6M+2,929.1% vs. a year earlier
Containership12%
$10.1M-34.4% vs. a year earlier

By region

Year to Dec 31, 2025 · $35.6M

Germany77%
$27.2M+3,102.1% vs. a year earlier
China11%
$4M+3,462.0% vs. a year earlier
Netherlands6%
$2.1M+1,935.3% vs. a year earlier
Panama3%
$1.2M+1,641.7% vs. a year earlier
Singapore3%
$1M+2,480.0% vs. a year earlier
Colombia0.13%
$45.4K+2,405.6% vs. a year earlier

These lines are the breakdown as filed. We could not reconcile them against the total revenue for the same period.

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$90.35MQ2 2026+10.4%

1Y: +33.15%2Y: +7.01%5Y: +151.41%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

-$3.66M2025-110.1%

No TTM figures — showing Yearly

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. One bar per fiscal year, as filed. Stops at the last completed year.

Profit

$98.57MQ2 2026+411.5%109.1% of revenue

1Y: +322.08%2Y: +52.08%5Y: +1,476.17%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

109.1%Q2 2026+363.2%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$9.35M2025+130.9%

No TTM figures — showing Yearly

Cash left over after running and maintaining the business. One bar per fiscal year, as filed. Stops at the last completed year.

Profit per share

$3.32Q2 2026+822.2%

1Y: +193.00%2Y: +80.43%5Y: +876.47%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

77.91MQ2 2026+45.2%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

5.8xQ2 2026+5.2%

5.8x today · median 5.5x and range 0.3x–20.4x across the points shown, Q2 2022 to Q2 2026 The break in the line covers one period with no meaningful multiple — a loss, or earnings so small the ratio says more about the denominator than the price.

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

About Castor Maritime Inc.

Ticker: CTRM
SEC classification: Deep Sea Foreign Transportation of Freight (4412)
Listed on: Nasdaq
Incorporated in: 1T
Financial year ends: December 31
Filer size: Non-accelerated filer

About this data

Everything above comes from Castor Maritime Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Splits applied: 10:1 on May 28, 2021. Per-share history is restated onto today’s basis, so a split does not appear as a cliff.

Share-count jumps we cannot explain: 0.01x around Dec 31, 2019, 0.11x around Dec 31, 2022, 2.32x around Dec 31, 2023, and 1.76x around Dec 31, 2024. No split accounts for these, so nothing was adjusted — most often it is real dilution rather than a data problem, which is why it is flagged and not corrected.

Not reported by this filer: Cost of Revenue, Gross Profit, R&D Expense, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Deposits, Loans, Total Liabilities, Long-term Debt (current), Short-term Borrowings, Borrowings (total), Finance Lease (current), Finance Lease Liabilities (total), Finance Lease (noncurrent), Dividends paid, Depreciation, and Share Repurchases. Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.