Pangaea Logistics Solutions Ltd.PANLEarnings & Financial Report
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
Revenue
$156.7M
Gross Profit
N/A
Operating Profit
$3.7M
Net Profit
$-2.7M
Gross Margin
N/A
Operating Margin
2.3%
Net Margin
-1.8%
YoY Growth
19.2%
EPS
$-0.04
Pangaea Logistics Solutions Ltd. Q2 FY2025 Financial Summary
Pangaea Logistics Solutions Ltd. reported revenue of $156.7M (up 19.2% YoY) for Q2 FY2025, with a net profit of $-2.7M (down 174.5% YoY) (-1.8% margin).
Key Financial Metrics
| Total Revenue | $156.7M |
|---|---|
| Net Profit | $-2.7M |
| Gross Margin | N/A |
| Operating Margin | 2.3% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Pangaea Logistics Solutions Ltd. Q2 FY2025 revenue of $156.7M breaks down across 4 segments, led by Operating Segment at $146.3M (93.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Operating Segment | $146.3M | 93.3% |
| Charter | $6.9M | 4.4% |
| Nonrelated Party | $6.0M | 3.8% |
| Terminal Stevedore Revenue | $3.6M | 2.3% |
Pangaea Logistics Solutions Ltd. Revenue by Segment — Quarterly Trend
Pangaea Logistics Solutions Ltd. revenue by segment across the last 4 reported quarters, showing how each business line (such as Operating Segment and Charter) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Operating Segment | — | $155.0M | $146.3M | — |
| Charter | $13.1M | $9.3M | $6.9M | $10.0M |
| Nonrelated Party | — | $5.9M | $6.0M | — |
| Terminal Stevedore Revenue | $4.4M | $4.1M | $3.6M | $3.1M |
Pangaea Logistics Solutions Ltd. Annual Revenue by Year
Pangaea Logistics Solutions Ltd. annual revenue history includes year-by-year totals (for example, 2025 revenue was $632.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $632.0M |
| 2024 | $536.5M |
| 2023 | $499.3M |
| 2022 | $699.7M |
Pangaea Logistics Solutions Ltd. Quarterly Revenue & Net Profit History
Pangaea Logistics Solutions Ltd. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $183.9M | +24.9% | $11.9M | 6.5% |
| Q3 FY2025 | $168.7M | +10.2% | $12.2M | 7.2% |
| Q2 FY2025 | $156.7M | +19.2% | $-2.7M | -1.8% |
| Q1 FY2025 | $122.8M | +17.2% | $-2.0M | -1.6% |
| Q4 FY2024 | $147.2M | +11.6% | $8.4M | 5.7% |
| Q3 FY2024 | $153.1M | +12.9% | $5.1M | 3.3% |
| Q2 FY2024 | $131.5M | +11.4% | $3.7M | 2.8% |
| Q1 FY2024 | $104.7M | -7.9% | $11.7M | 11.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104.7M | $131.5M | $153.1M | $147.2M | $122.8M | $156.7M | $168.7M | $183.9M |
| YoY Growth | -7.9% | 11.4% | 12.9% | 11.6% | 17.2% | 19.2% | 10.2% | 24.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $703.3M | $692.9M | $749.2M | $936.5M | $918.0M | $916.0M | $932.1M | $928.1M |
| Liabilities | $371.3M | $361.4M | $416.6M | $508.6M | $497.2M | $501.6M | $511.9M | $498.8M |
| Equity | $332.0M | $331.5M | $332.6M | $427.8M | $420.8M | $414.4M | $420.3M | $429.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $9.0M | $9.0M | $28.5M | $19.3M | $-4.4M | $14.4M | $28.6M | $15.1M |