OceanPal Inc.

EDGAR

Annual consolidated revenue for 2024: about U002 25.7M, using the latest reported figures. The previous period, 2023, was about U002 18.96M.

Watchlist

Latest fiscal year

Revenue

25.7 million U002

2024 · U002

Exact inputs and evidence

Operating margin

-70.21%

2024 · %

Exact inputs and evidence
  • Operating Income: -18045000 U002 Source
  • Revenue: 25702000 U002 Source

Operating cash flow

-3.53 million U002

2024 · U002

Exact inputs and evidence
  • Operating Cash Flow: -3530000 U002 Source

Free cash flow

-22.4 million U002

2024 · U002

Exact inputs and evidence
  • Operating Cash Flow: -3530000 U002 Source
  • Capital Expenditure: 18906000 U002 Source
Cash and cash equivalents
Not available
Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-09.

Financial data available through: 2024-12-31.

Financial coverage is incomplete. Newer filings are recorded, but comparable financial figures for those periods are not available here yet.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2024-12-31
  • Operating income: 3 of 11 periods available· newest 2024-12-31
  • Net income: 6 of 11 periods available· newest 2024-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2024-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2024-12-31
  • Total assets: Multiple units; comparison withheld· newest 2024-12-31
  • liabilities: No compatible figures in this window
  • Current assets: Multiple units; comparison withheld· newest 2024-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2024-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2024-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: Multiple units; comparison withheld· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +35.6%

    Prior period

    U002 18.96 million

    –

    Current period

    U002 25.7 million

    –

    Exact inputs and evidence

    25702000 − 18957000 = 6745000 U002

    18957000 U002 · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    25702000 U002 · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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  • Net income

    −U002 15.89 million

    Prior period

    −U002 1.98 million

    –

    Current period

    −U002 17.86 million

    –

    Exact inputs and evidence

    -17862000 − -1977000 = -15885000 U002

    -1977000 U002 · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    -17862000 U002 · 2024-01-01 – 2024-12-31

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  • Operating cash flow

    -533.1%

    Prior period

    U002 815,000

    –

    Current period

    −U002 3.53 million

    –

    Exact inputs and evidence

    -3530000 − 815000 = -4345000 U002

    815000 U002 · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    -3530000 U002 · 2024-01-01 – 2024-12-31

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  • Capital expenditure

    +332.8%

    Prior period

    U002 4.37 million

    –

    Current period

    U002 18.91 million

    –

    Exact inputs and evidence

    18906000 − 4368000 = 14538000 U002

    4368000 U002 · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    18906000 U002 · 2024-01-01 – 2024-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2024-01-01 – 2024-12-31

  • Revenue U002 25.7 million 100% of revenue
  • Operating costs Derived U002 43.75 million 170% of revenue
  • Operating income −U002 18.05 million −70% of revenue
  • Tax, interest and other Derived −U002 183,000 −0.7% of revenue
  • Net income −U002 17.86 million −69% of revenue

Cash

  • Operating cash flow −U002 3.53 million −14% of revenue
  • Capital expenditure U002 18.91 million 74% of revenue
  • Free cash flow Derived −U002 22.44 million −87% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 Operating loss: operating costs were 102% of revenue.
  • 2023 Operating loss: operating costs were 141% of revenue.
  • 2024 Operating loss: operating costs were 170% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-3119085000 19411000 Derived -326000 0 Derived -326000 -3581000 Derived
Source
2023 2023-01-01 – 2023-12-3118957000 26679000 Derived -7722000 -5745000 Derived -1977000 -3553000 Derived
Source
2024 2024-01-01 – 2024-12-3125702000 43747000 Derived -18045000 -183000 Derived -17862000 -22436000 Derived
Source

Amounts are exact, in U002.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

U002 25.7M 2024
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27.8M20.8M13.9M6.9M0.0202220232024
Values and sources
Revenue values and source evidence
PeriodSeriesValue(U002)Source evidence
2022Revenue19085000
2023Revenue18957000
2024Revenue25702000

Revenue growth

Change in revenue from the same financial period one year earlier.

35.6% 2024
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.38%28%17%7%-4%202220232024
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year-0.7%
2024Year over year35.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -70.2% 2024
Net margin -69.5% 2024
Free cash flow margin -87.3% 2024
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7%-18%-44%-69%-94%202220232024
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022Operating margin-1.7%
2023Operating margin-40.7%
2024Operating margin-70.2%
2022Net margin-1.7%
2023Net margin-10.4%
2024Net margin-69.5%
2022Free cash flow margin-18.8%
2023Free cash flow margin-18.7%
2024Free cash flow margin-87.3%

Operating cash flow

Cash generated by the company’s normal business operations.

U002 -3.5M 2024
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.9M454.0K-1.0M-2.5M-3.9M202220232024
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(U002)Source evidence
2022Operating cash flow1513000
2023Operating cash flow815000
2024Operating cash flow-3530000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

U002 -22.4M 2024
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.8M-4.7M-11.2M-17.7M-24.2M202220232024
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(U002)Source evidence
2022Free cash flow-3581000
2023Free cash flow-3553000
2024Free cash flow-22436000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Liabilities / assetsNot reportedNo source recorded
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−U002 1.86 million
Exact value

Exact value: -1862852 U002

2019-01-01 – 2019-12-31: -1862852 U002 Inspect Net Income Open source
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U002 1.44 million
Exact value

Exact value: 1439451 U002

2019-01-01 – 2019-12-31: 1439451 U002 Inspect Operating Cash Flow Open source
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U002 0
Exact value

Exact value: 0 U002

2019-01-01 – 2019-12-31: 0 U002 Inspect Capital Expenditure Open source
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U002 1.44 million
Calculation and evidence

1439451 − 0 U002

Exact free cash flow: 1439451 U002

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2020 2020-01-01 – 2020-12-31
−U002 3.8 million
Exact value

Exact value: -3795959 U002

2020-01-01 – 2020-12-31: -3795959 U002 Inspect Net Income Open source
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−U002 2.72 million
Exact value

Exact value: -2723168 U002

2020-01-01 – 2020-12-31: -2723168 U002 Inspect Operating Cash Flow Open source
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U002 1.47 million
Exact value

Exact value: 1474965 U002

2020-01-01 – 2020-12-31: 1474965 U002 Inspect Capital Expenditure Open source
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−U002 4.2 million
Calculation and evidence

-2723168 − 1474965 U002

Exact free cash flow: -4198133 U002

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2021 2021-01-01 – 2021-11-29
U002 750,983
Exact value

Exact value: 750983 U002

2021-01-01 – 2021-11-29: 750983 U002 Inspect Net Income Open source
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U002 3.18 million
Exact value

Exact value: 3181030 U002

2021-01-01 – 2021-11-29: 3181030 U002 Inspect Operating Cash Flow Open source
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U002 23,850
Exact value

Exact value: 23850 U002

2021-01-01 – 2021-11-29: 23850 U002 Inspect Capital Expenditure Open source
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U002 3.16 million
Calculation and evidence

3181030 − 23850 U002

Exact free cash flow: 3157180 U002

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2022 2022-01-01 – 2022-12-31
−U002 326,000
Exact value

Exact value: -326000 U002

2022-01-01 – 2022-12-31: -326000 U002 Inspect Net Income Open source
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U002 1.51 million
Exact value

Exact value: 1513000 U002

2022-01-01 – 2022-12-31: 1513000 U002 Inspect Operating Cash Flow Open source
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U002 5.09 million
Exact value

Exact value: 5094000 U002

2022-01-01 – 2022-12-31: 5094000 U002 Inspect Capital Expenditure Open source
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−U002 3.58 million
Calculation and evidence

1513000 − 5094000 U002

Exact free cash flow: -3581000 U002

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2023 2023-01-01 – 2023-12-31
−U002 1.98 million
Exact value

Exact value: -1977000 U002

2023-01-01 – 2023-12-31: -1977000 U002 Inspect Net Income Open source
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U002 815,000
Exact value

Exact value: 815000 U002

2023-01-01 – 2023-12-31: 815000 U002 Inspect Operating Cash Flow Open source
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U002 4.37 million
Exact value

Exact value: 4368000 U002

2023-01-01 – 2023-12-31: 4368000 U002 Inspect Capital Expenditure Open source
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−U002 3.55 million
Calculation and evidence

815000 − 4368000 U002

Exact free cash flow: -3553000 U002

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2024 2024-01-01 – 2024-12-31
−U002 17.86 million
Exact value

Exact value: -17862000 U002

2024-01-01 – 2024-12-31: -17862000 U002 Inspect Net Income Open source
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−U002 3.53 million
Exact value

Exact value: -3530000 U002

2024-01-01 – 2024-12-31: -3530000 U002 Inspect Operating Cash Flow Open source
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U002 18.91 million
Exact value

Exact value: 18906000 U002

2024-01-01 – 2024-12-31: 18906000 U002 Inspect Capital Expenditure Open source
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−U002 22.44 million
Calculation and evidence

-3530000 − 18906000 U002

Exact free cash flow: -22436000 U002

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

115 filings · 854 latest values · 854 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001869467, 1869467, OP, edgar:1869467

Also known as OCEANPAL INC., OceanPal Inc., SVRN, Inc.