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Pangaea Logistics Solutions PANL Vessel operating expense

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Other financials

Income statement

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Revenue$170.6M+38.9%
Operating income$10.5M+258%
Net income$13.3M+771%
EPS (diluted)$0.21+800%

Balance sheet

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Cash & equivalents$89.7M+40.3%
Total debt$42.3M+3.6%
Total equity$441.1M+4.8%
Total assets$950.7M+3.6%

Cash flow

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Operating cash flow$4.5M+203%
CapEx$1.1M+2,474%
Free cash flow$12.4M-24.6%

Valuation

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Market cap$455.29M+41.9%
Enterprise value$407.87M+37.0%
P/E13.1×-7.9×
P/S0.7×+0.1×

Profitability

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Operating margin7.1%-0.1pp
Net margin5.1%+2.3pp
FCF margin7.8%-4.4pp

Returns & leverage

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Return on equity8%+4.0pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Pangaea Logistics Solutions in its filing.

Tagged under the XBRL concept panl:VesselOperatingExpense.

The official record: Pangaea Logistics Solutions’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pangaea Logistics Solutions's vessel operating expense?
Pangaea Logistics Solutions (PANL) reported vessel operating expense of $20.56M in Q1 2026.
How has Pangaea Logistics Solutions's vessel operating expense changed year-over-year?
Pangaea Logistics Solutions's vessel operating expense decreased by 7.3% year-over-year, from $22.18M to $20.56M.
What is the long-term trend for Pangaea Logistics Solutions's vessel operating expense?
Over 4 years (2021 to 2025), Pangaea Logistics Solutions's vessel operating expense has grown at a 22.0% compound annual growth rate (CAGR), from $42.8M to $94.95M.
What does vessel operating expense mean?
Covers the recurring costs required to operate and maintain owned or long-term chartered vessels, such as crew wages, insurance, routine maintenance, and spare parts. Unlike voyage expenses, these are generally fixed costs that persist regardless of whether a vessel is actively engaged in a voyage. This metric is a key indicator of the company's ability to manage fleet maintenance and crew costs effectively.