For Q1 FY2026 ended March 31, 2026, Pangaea Logistics Solutions Ltd. reported revenue of $170.6 million, up 38.9% year-over-year. Net income surged to $13.3 million from $1.5 million in the prior year, a 771% increase. Operating income rose 257.7% to $10.5 million, and diluted EPS grew 800% to $0.21. The company had $89.7 million in cash and $441.1 million in equity as of quarter end.
•Revenue increased 38.9% YoY to $170.6 million.
•Net income jumped 771% YoY to $13.3 million.
•Diluted EPS rose 800% to $0.21.
•Cash and equity stood at $89.7 million and $441.1 million, respectively.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Pangaea Logistics Solutions provides seaborne dry bulk logistics and transportation services to industrial customers globally. It offers transportation services for various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone terminal and stevedoring services, as well as cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. It owns and operates a fleet of 7 vessels. Founded in 1996, the company is headquartered in Newport, Rhode Island.
What does Pangaea Logistics Solutions Ltd. (PANL) do?
Pangaea Logistics Solutions Ltd. provides seaborne dry bulk logistics and transportation services to industrial customers globally. The company transports various dry bulk cargoes including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. In addition to shipping, it offers terminal and stevedoring services, cargo loading and discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. Pangaea owns and operates a fleet of 7 vessels, enabling it to serve customers across multiple industries that rely on bulk commodity transport.
Where is Pangaea Logistics Solutions Ltd. (PANL) listed and what currency does it trade in?
Pangaea Logistics Solutions Ltd. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol PANL. Its shares are traded in United States Dollars (USD). The company is headquartered in Newport, Rhode Island, and is incorporated in the United States, making it a US-based equity available to investors through the Nasdaq exchange.
What sector and industry does Pangaea Logistics Solutions Ltd. (PANL) operate in?
Pangaea Logistics Solutions Ltd. operates in the Industrials sector, specifically within the Marine Shipping industry. This means the company is involved in the transportation of goods by sea, focusing on dry bulk cargoes. As a marine shipping firm, it plays a critical role in global supply chains by moving raw materials and commodities such as grains, coal, iron ore, and other bulk items between ports worldwide.
Where is Pangaea Logistics Solutions Ltd. (PANL) headquartered and what markets does it serve?
Pangaea Logistics Solutions Ltd. is headquartered in Newport, Rhode Island, United States. The company provides seaborne dry bulk logistics and transportation services to industrial customers globally. While its headquarters are in the US, its operations span international waters, serving customers across various regions that require the transport of bulk commodities. The company's fleet of 7 vessels enables it to reach ports worldwide, supporting global trade in grains, coal, iron ore, and other dry bulk cargoes.
How does Pangaea Logistics Solutions Ltd. (PANL) make money?
Pangaea Logistics Solutions Ltd. generates revenue by providing seaborne dry bulk logistics and transportation services. It earns income through freight charges for transporting cargoes such as grains, coal, iron ore, and limestone. Additionally, the company offers terminal and stevedoring services, cargo loading and discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. By owning and operating a fleet of 7 vessels, Pangaea can control its shipping capacity and offer integrated logistics solutions, capturing value across the supply chain from port to destination.