Nordic American Tankers Limited (NAT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 106.46M | 85.9M | 75M | 66.73M | 64.79M | 74.43M | 82.22M | 97.81M | 95.29M | 59.25M | 78.45M | 99.1M | 121.43M | 71.1M | 104.88M | 74.92M | 49.26M | 55.04M | 40.33M | 52.39M |
| Revenue Growth % | 64.32% | 15.41% | -8.78% | -31.78% | -32.01% | 25.61% | 4.8% | -1.3% | -21.53% | -16.66% | -25.2% | 32.27% | 146.54% | 29.18% | 160.05% | 43% | 2.62% | 25.54% | -28.04% | -57.26% |
| Cost of Goods Sold | 58.83M | 56.86M | 61.18M | 59.92M | 56.59M | 56.62M | 60.16M | 62.45M | 64.37M | 28.8M | 57.69M | 59.95M | 61.02M | 27.95M | 84.63M | 69.4M | 63.28M | 64.93M | 66M | 70.65M |
| COGS % of Revenue | 55.25% | 66.19% | 81.57% | 89.8% | 87.35% | 76.07% | 73.18% | 63.85% | 67.55% | 48.6% | 73.54% | 60.5% | 50.25% | 39.31% | 80.69% | 92.63% | 128.47% | 117.97% | 163.65% | 134.85% |
| Gross Profit | 47.64M | 29.04M | 13.82M | 6.81M | 8.2M | 17.81M | 22.05M | 35.35M | 30.92M | 30.46M | 20.76M | 39.15M | 60.42M | 43.15M | 20.25M | 5.52M | -14.02M | -9.89M | -25.67M | -18.26M |
| Gross Margin % | 44.75% | 33.81% | 18.43% | 10.2% | 12.65% | 23.93% | 26.82% | 36.15% | 32.45% | 51.4% | 26.46% | 39.5% | 49.75% | 60.69% | 19.31% | 7.37% | -28.47% | -17.97% | -63.65% | -34.85% |
| Gross Profit Growth % | 481.22% | 63.06% | -37.33% | -80.74% | -73.49% | -41.52% | 6.23% | -9.69% | -48.83% | -29.41% | 2.5% | 608.95% | 530.84% | 536.3% | 178.9% | 130.24% | 4.71% | 43.27% | -1194.63% | -129.55% |
| Operating Expenses | 9.28M | 8.61M | 7.04M | 6.38M | 6.85M | 9.06M | 5.83M | 6.08M | 7.85M | 5.86M | 6.29M | 5M | 5.74M | 5.09M | 4.28M | 3.73M | 5.62M | 4.36M | 4.1M | 3.5M |
| OpEx % of Revenue | 8.72% | 10.03% | 9.38% | 9.55% | 10.57% | 12.17% | 7.1% | 6.22% | 8.24% | 9.88% | 8.02% | 5.05% | 4.73% | 7.15% | 4.08% | 4.98% | 11.41% | 7.91% | 10.16% | 6.69% |
| Selling, General & Admin | 9.28M | 8.61M | 7.04M | 6.38M | 6.85M | 9.06M | 5.83M | 6.08M | 7.85M | 5.86M | 6.29M | 5M | 5.74M | 5.09M | 4.28M | 3.73M | 5.62M | 4.36M | 4.1M | 3.5M |
| SG&A % of Revenue | 8.72% | 10.03% | 9.38% | 9.55% | 10.57% | 12.17% | 7.1% | 6.22% | 8.24% | 9.88% | 8.02% | 5.05% | 4.73% | 7.15% | 4.08% | 4.98% | 11.41% | 7.91% | 10.16% | 6.69% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 38.36M | 20.43M | 6.78M | 434K | 1.35M | 8.76M | 16.22M | 29.27M | 23.06M | 24.6M | 14.47M | 34.15M | 54.68M | 38.06M | 15.97M | 1.79M | -19.64M | -14.24M | -29.77M | -21.76M |
| Operating Margin % | 36.03% | 23.78% | 9.05% | 0.65% | 2.08% | 11.76% | 19.73% | 29.93% | 24.2% | 41.52% | 18.44% | 34.46% | 45.03% | 53.53% | 15.23% | 2.39% | -39.88% | -25.88% | -73.8% | -41.54% |
| Operating Income Growth % | 2745.55% | 133.36% | -58.18% | -98.52% | -94.16% | -64.41% | 12.11% | -14.27% | -57.82% | -35.37% | -9.42% | 1809.73% | 378.33% | 367.18% | 153.66% | 108.22% | -6.88% | 36.18% | -1616.55% | -137.75% |
| EBITDA | 52.36M | 34.63M | 22.11M | 15.4M | 14.59M | 22.63M | 30.43M | 43.21M | 37.2M | 37.88M | 27.14M | 46.87M | 67.4M | 50.79M | 28.27M | 14.3M | -6.77M | 2.03M | -12.17M | -4.36M |
| EBITDA Margin % | 49.18% | 40.31% | 29.48% | 23.08% | 22.53% | 30.4% | 37.01% | 44.18% | 39.04% | 63.92% | 34.59% | 47.3% | 55.5% | 71.44% | 26.96% | 19.09% | -13.74% | 3.69% | -30.18% | -8.32% |
| EBITDA Growth % | 258.76% | 53.05% | -27.35% | -64.35% | -60.77% | -40.27% | 12.13% | -7.81% | -44.81% | -25.43% | -4.01% | 227.71% | 1095.55% | 2398.38% | 332.3% | 428.05% | -419.57% | 138.51% | -177.49% | -105.9% |
| D&A (Non-Cash Add-back) | 14M | 14.2M | 15.32M | 14.97M | 13.25M | 13.87M | 14.21M | 13.94M | 14.14M | 13.28M | 12.67M | 12.73M | 12.72M | 12.73M | 12.3M | 12.52M | 12.87M | 16.28M | 17.59M | 17.4M |
| EBIT | 54.89M | 20.99M | 7.04M | 8.39M | 11.61M | 8.39M | 16.41M | 29.47M | 23.11M | 24.71M | 15.04M | 34.51M | 54.95M | 44.08M | 17.29M | 1.68M | -20.91M | -14.38M | -38.27M | -22.05M |
| Net Interest Income | -8.17M | -9.01M | -9.43M | -8.84M | -6.87M | -6.97M | -7.55M | -7.63M | -7.86M | -7.16M | -6.95M | -7.7M | -8.03M | -8.05M | -7.28M | -5.63M | -6.08M | -6.66M | -6.4M | -6.64M |
| Interest Income | 427K | 323K | 396K | 400K | 489K | 130K | 173K | 240K | 187K | 42K | 604K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 8.6M | 9.33M | 9.82M | 9.24M | 7.36M | 7.1M | 7.73M | 7.87M | 8.05M | 7.2M | 7.56M | 7.7M | 8.03M | 8.05M | 7.28M | 5.63M | 6.08M | 6.66M | 6.4M | 6.64M |
| Other Income/Expense | 7.93M | -8.77M | -9.56M | -1.29M | 2.9M | -7.46M | -7.53M | -7.67M | -8.01M | -7.1M | -6.98M | -7.34M | -7.76M | -2.03M | -5.96M | -5.74M | -7.34M | -6.8M | -14.9M | -6.93M |
| Pretax Income | 46.29M | 11.66M | -2.78M | -852K | 4.25M | 1.29M | 8.69M | 21.61M | 15.06M | 17.5M | 7.49M | 26.81M | 46.91M | 36.03M | 10.01M | -3.95M | -26.99M | -21.04M | -44.66M | -28.69M |
| Pretax Margin % | 43.48% | 13.57% | -3.71% | -1.28% | 6.55% | 1.74% | 10.56% | 22.09% | 15.8% | 29.54% | 9.54% | 27.05% | 38.63% | 50.68% | 9.54% | -5.28% | -54.79% | -38.24% | -110.75% | -54.75% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 46.29M | 11.66M | -2.78M | -852K | 4.25M | 1.29M | 8.69M | 21.61M | 15.06M | 17.5M | 7.49M | 26.81M | 46.91M | 36.03M | 10.01M | -3.95M | -26.99M | -21.04M | -44.66M | -28.69M |
| Net Margin % | 43.48% | 13.57% | -3.71% | -1.28% | 6.55% | 1.74% | 10.56% | 22.09% | 15.8% | 29.54% | 9.54% | 27.05% | 38.63% | 50.68% | 9.54% | -5.28% | -54.79% | -38.24% | -110.75% | -54.75% |
| Net Income Growth % | 990.23% | 800.39% | -132.02% | -103.94% | -71.8% | -92.6% | 16.01% | -19.41% | -67.91% | -51.42% | -25.2% | 778.02% | 273.83% | 271.22% | 122.41% | 86.22% | -7.81% | 26.58% | -345.71% | -158.35% |
| Net Income (Continuing) | 46.29M | 11.66M | -2.78M | -852K | 4.25M | 1.29M | 8.69M | 21.61M | 15.06M | 17.5M | 7.49M | 26.81M | 46.91M | 36.03M | 10.01M | -3.95M | -26.99M | -21.04M | -44.66M | -28.69M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.22 | 0.06 | -0.01 | -0.00 | 0.02 | 0.01 | 0.04 | 0.10 | 0.07 | 0.08 | 0.04 | 0.13 | 0.22 | 0.17 | 0.05 | -0.02 | -0.14 | -0.12 | -0.27 | -0.18 |
| EPS Growth % | 1000% | - | -131.49% | -104% | -72.26% | -92.25% | 15.88% | -23.08% | -67.23% | -52.94% | -25.83% | 722.01% | 257.14% | 241.67% | 117.93% | 88.39% | 12.5% | 36.84% | -305.41% | -154.55% |
| EPS (Basic) | 0.22 | 0.06 | -0.01 | -0.00 | 0.02 | 0.01 | 0.04 | 0.10 | 0.07 | 0.08 | 0.04 | 0.13 | 0.22 | 0.17 | 0.05 | -0.02 | -0.14 | -0.12 | -0.27 | -0.18 |
| Diluted Shares Outstanding | 211.75M | 211.75M | 211.75M | 211.75M | 211.75M | 210.51M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 206.9M | 201.04M | 191.14M | 178.33M | 164.23M | 155.6M |
| Basic Shares Outstanding | 211.75M | 211.75M | 211.76M | 211.75M | 211.75M | 210.53M | 208.8M | 219.18M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 208.8M | 206.9M | 201.04M | 191.14M | 178.33M | 164.23M | 155.09M |
| Dividend Payout Ratio | 77.76% | 236.08% | - | - | 498.7% | 1934.9% | 288.45% | 115.96% | 83.21% | 155.07% | 418.33% | - | 66.76% | 46.36% | 40.29% | - | - | - | - | - |