State Ledger
Company profile

Pangaea Logistics Solutions Ltd. CIK 1606909

Ticker
PANL (Nasdaq)
Industry
Deep Sea Foreign Transportation of Freight
Headquarters
Newport, RI 02840
Fiscal year end
2025 (FY)
Market Data
Close
$8.44
Change
+$0.13
Change %
1.50%
Volume
17,500

PANL · trading date Oct 12, 2026 · previous close $8.32 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$632.04M
Net income
$19.37M
Total assets
$928.10M
Total liabilities
—
Stockholders' equity
$429.33M
Cash & equivalents
$103.05M
Operating income
$40.94M
Operating cash flow
$53.73M
Capital expenditures
—

Fiscal year 2025, via 10-K filed 2026-03-16. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
6.5%
Net margin
3.1%
Free cash flow
—
Free cash flow margin
—
Liabilities / assets
—
Equity / assets
46.3%
CapEx / revenue
—
Operating cash flow / net income
2.77×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $632.04M $19.37M $928.10M — $429.33M
2024 $536.54M $28.90M $936.46M — $427.82M
2023 $499.27M $26.32M $705.18M — $323.89M
2022 $699.71M $79.49M $748.24M — $314.23M
2021 $718.10M $67.23M $707.02M — $247.20M
Company Details
SIC code
4412
State of incorporation
D0
Active filer
Yes
Most recent SEC filing
Form 10-Q
2026-08-10
Financials filed via
Form 10-K
filed 2026-03-16

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Newport, RI 02840
109 LONG WHARF
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:53 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

← Back to Rhode Island — Public Companies