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Other financials

Income statement

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Revenue$187.1M+19.4%
Net income$10.2M+472%
EPS (diluted)$0.16+500%

Balance sheet

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Cash & equivalents$105.7M+78.3%
Total debt$48.8M+21.4%
Total equity$448.6M+8.3%
Total assets$956.7M+4.4%

Cash flow

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Operating cash flow$21.4M+48.6%
CapEx$1.1M+2,474%
Free cash flow$12.4M-24.6%

Valuation

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Market cap$485.38M+52.2%
Enterprise value$428.53M+42.9%
P/E10.2×-25.9×
P/S0.7×+0.1×

Profitability

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Operating margin9.3%+3.0pp
Net margin6.7%+5.2pp
FCF margin7.8%-4.4pp

Returns & leverage

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Return on equity11%+8.7pp
Debt / equity0.1×0.0×
Current ratio1.4×-0.1×

Where this comes from

Reported directly by Pangaea Logistics Solutions in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Pangaea Logistics Solutions’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 5:22 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-055365
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Depreciation and amortization12,43310,59724,30920,521
Loss on write-down of vessel held for sale358
Total expenses165,774153,036325,888272,911
Income from operations21,3453,65431,8116,580
Other income (expense):
Interest expense(5,730)(6,028)(11,674)(12,174)
Interest income1,0692923,121736
Unrealized loss on derivative instruments, net(6,696)(1,301)(89)(1,117)

Item 1. Financial Statements (unaudited)

FAQ

What is Pangaea Logistics Solutions's operating income?
Pangaea Logistics Solutions (PANL) reported operating income of $21.35M in Q2 2026.
How has Pangaea Logistics Solutions's operating income changed year-over-year?
Pangaea Logistics Solutions's operating income increased by 484.2% year-over-year, from $3.65M to $21.35M.
What is the long-term trend for Pangaea Logistics Solutions's operating income?
Over 4 years (2021 to 2025), Pangaea Logistics Solutions's operating income has grown at a -15.2% compound annual growth rate (CAGR), from $79M to $40.94M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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