Company research
Performance Shipping Inc.
CIK 1481241Updated Sep 26, 2026
SecurityPSHG · NASDAQ · equity
Name history
Diana Containerships Inc. · through Feb 25, 2019
PSHG price & chart
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Seeking Alpha
Performance Shipping extends Nordea loan, lowers borrowing cost ↗
Performance Shipping GAAP EPS of $0.26, revenue of $33.77M ↗
SEC disclosures
Performance Shipping Inc. IPO declared effective by SEC ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 559,853,000Source | 330,393,000Source | 296,266,000Source | 292,979,000Source |
| Property, Plant and Equipment, NetUSD | 498,472,000Source | 248,079,000Source | 213,455,000Source | 236,679,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 48,172,000Source | 70,314,000Source | 67,267,000Source | 38,726,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,293,000Source | 5,810,000Source | 8,280,000Source | 9,110,000Source |
| Inventory, NetUSD | 949,000Source | 549,000Source | 2,203,000Source | 3,037,000Source |
| Assets, CurrentUSD | 58,010,000Source | 78,652,000Source | 79,914,000Source | 53,463,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,398,000Source | 1,979,000Source | 2,164,000Source | 2,524,000Source |
| Operating Lease, Right-of-Use AssetUSD | 67,000Source | 50,000Source | 99,000Source | 163,000Source |
| Other Assets, NoncurrentUSD | 0Source | 226,000Source | 0Source | 522,000Source |
| LIABILITIES AND EQUITY | ||||
| Commitments and ContingenciesUSD | — | — | 0Source | — |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 15,000Source | 15,000Source | 15,000Source | 15,000Source |
| Common Stock, Value, IssuedUSD | 124,000Source | 124,000Source | 123,000Source | 42,000Source |
| Additional Paid in CapitalUSD | 534,269,000Source | 534,269,000Source | 534,112,000Source | 513,623,000Source |
| Retained Earnings (Accumulated Deficit)USD | -211,076,000Source | -259,218,000Source | -301,115,000Source | -358,041,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 102,000Source | 53,000Source | 49,000Source | 66,000Source |
| Stockholders' Equity Attributable to ParentUSD | 323,434,000Source | 275,243,000Source | 233,184,000Source | 155,705,000Source |
| Liabilities and EquityUSD | 559,853,000Source | 330,393,000Source | 296,266,000Source | 292,979,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 26,186,000Source | 14,861,000Source | 15,344,000Source | 26,099,000Source |
| Operating Lease, Liability, CurrentUSD | 67,000Source | 50,000Source | 66,000Source | 73,000Source |
| Accounts Payable, CurrentUSD | 3,408,000Source | 2,214,000Source | 4,630,000Source | 4,580,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 0Source | 33,000Source | 90,000Source |
| Other Liabilities, NoncurrentUSD | 262,000Source | 246,000Source | 214,000Source | 156,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 9,226,000Source | 2,820,000Source | 2,976,000Source | 2,889,000Source |
| Long-term DebtUSD | — | 47,459,000Source | 54,886,000Source | 127,675,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 0Source | 0Source | 52,000Source | 107,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 293,000Source | -3,232,000Source | -830,000Source | 5,318,000Source |
| Increase (Decrease) in InventoriesUSD | 400,000Source | -1,654,000Source | -834,000Source | -1,249,000Source |
| Increase (Decrease) in Accounts PayableUSD | 934,000Source | -2,667,000Source | 16,000Source | -293,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 50,076,000Source | 59,896,000Source | 67,955,000Source | 33,847,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -244,589,000Source | -47,415,000Source | 25,721,000Source | -112,950,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 2,749,000Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 172,460,000Source | -9,434,000Source | -65,135,000Source | 109,255,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | 0Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -22,053,000Source | 3,047,000Source | 28,541,000Source | 30,152,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 4,225,000Source | 3,528,000Source | 9,135,000Source | 3,123,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 809,000Source | 107,000Source | 244,000Source | 402,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 19,456,000Source | 0Source | 15,683,000Source | 9,543,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -387,000Source | — |
| General and Administrative ExpenseUSD | 9,702,000Source | 8,306,000Source | 8,042,000Source | 6,751,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 69,413,000Source | 36,300,000Source |
| Investment Income, InterestUSD | 4,834,000Source | 3,255,000Source | 3,302,000Source | 284,000Source |
| Net Income (Loss) Attributable to ParentUSD | 49,973,000Source | 43,730,000Source | 69,413,000Source | 36,300,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 48,142,000Source | 41,897,000Source | 56,924,000Source | 12,003,000Source |
| Operating Costs and ExpensesUSD | 21,605,000Source | 19,758,000Source | 21,866,000Source | 13,828,000Source |
| Operating Lease, Impairment LossUSD | — | — | — | 0Source |
| Payments of Financing CostsUSD | 3,710,000Source | 226,000Source | 140,000Source | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 673,000Source | 1,788,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 84,172,000Source | 87,445,000Source | 108,938,000Source | 75,173,000Source |
| Operating Income (Loss)USD | 51,936,000Source | 41,814,000Source | 75,535,000Source | 39,982,000Source |
| Net Income (Loss) Attributable to ParentUSD | 49,973,000Source | 43,730,000Source | 69,413,000Source | 36,300,000Source |
| Earnings Per Share, BasicUSD per share | 3.87Source | 3.39Source | 5.43Source | 6.49Source |
| Earnings Per Share, DilutedUSD per share | 1.28Source | 1.11Source | 1.91Source | 3.02Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 12,432,158Source | 12,365,418Source | 10,491,316Source | 1,850,072Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 38,925,391Source | 39,201,865Source | 35,539,671Source | 6,447,710Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 15,077,000Source | 13,336,000Source | 14,793,000Source | 9,281,000Source |
| General and Administrative ExpenseUSD | 9,702,000Source | 8,306,000Source | 8,042,000Source | 6,751,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 69,413,000Source | 36,300,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 5.43Source | 6.49Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 1.91Source | 3.02Source |
| Interest ExpenseUSD | 6,793,000Source | 1,345,000Source | 9,598,000Source | 3,966,000Source |
| Interest Expense, DebtUSD | 5,642,000Source | 1,179,000Source | 8,499,000Source | 3,191,000Source |
| Investment Income, InterestUSD | 4,834,000Source | 3,255,000Source | 3,302,000Source | 284,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 48,142,000Source | 41,897,000Source | 56,924,000Source | 12,003,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | — | 56,924,000Source | 12,003,000Source |
| Operating Costs and ExpensesUSD | 21,605,000Source | 19,758,000Source | 21,866,000Source | 13,828,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 1,831,000Source | 1,833,000Source | 1,889,000Source | 1,030,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 0Source | 2,000Source | — |