The company maintains a healthy balance sheet with $27.3M in cash and zero total debt, providing a significant buffer despite the $44.5M concentration in a single-vessel PPE base.
| Total Current Assets | 37.72M | 19.62M | 12.88M | 19.25M | 9.59M |
| Cash & Short-Term Investments | 27.25M | 6.64M | 369 | 351 | 4.8M |
| Cash Only | 27.25M | 6.64M | 369 | 351 | 4.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.6M | 7.82M | 12.79M | 19.17M | 4.5M |
| Days Sales Outstanding | 100.56 | 288.02 | 689.83 | 448.2 | 104.92 |
| Inventory | 0 | 173.07K | 45.59K | 16.83K | 171.32K |
| Days Inventory Outstanding | 4.62 | 9.38 | 11.22 | 3.64 | 38.5 |
| Other Current Assets | 5.88M | 4.99M | 45.61K | 61.91K | 126.33K |
| Total Non-Current Assets | 47.68M | 49.62M | 8.7M | 8.34M | 17.27M |
| Property, Plant & Equipment | 44.49M | 46.05M | 6.88M | 7.42M | 15.65M |
| Fixed Asset Turnover | 0.43x | 0.22x | 0.98x | 2.10x | 1.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 3.2M | 1.15M | 0 | 0 | 0 |
| Other Non-Current Assets | 2.06M | 2.42M | 1.82M | 925.01K | 1.62M |
| Total Assets | 85.41M | 69.23M | 21.58M | 27.59M | 26.86M |
| Asset Turnover | 0.22x | 0.14x | 0.31x | 0.57x | 0.58x |
| Asset Growth % | 409.1% | 220.79% | -21.78% | 2.73% | - |
| Total Current Liabilities | 3.65M | 3.06M | 470.16K | 708.72K | 505.75K |
| Accounts Payable | 0 | 601.35K | 156.25K | 616K | 505.75K |
| Days Payables Outstanding | 20.67 | 32.59 | 38.44 | 133.1 | 113.66 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.16M | 819.77K | 0 | 0 | 0 |
| Other Current Liabilities | 3.54M | 1.64M | 0 | 0 | 0 |
| Current Ratio | 10.33x | 6.42x | 27.40x | 27.16x | 18.97x |
| Quick Ratio | 10.33x | 6.36x | 27.31x | 27.14x | 18.63x |
| Cash Conversion Cycle | 84.52 | 264.82 | 662.6 | 318.74 | 29.76 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.65M | 3.06M | 470.16K | 708.72K | 505.75K |
| Total Debt | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -27.25M | -6.64M | -369 | -351 | -4.8M |
| Debt / Equity | 0.00x | - | - | - | - |
| Debt / EBITDA | 0.00x | - | - | - | - |
| Net Debt / EBITDA | -5.22x | -2.33x | -0.00x | -0.00x | -0.48x |
| Interest Coverage | 33.82x | -0.36x | 81.49x | 947.22x | 616.58x |
| Total Equity | 81.76M | 66.18M | 21.11M | 26.88M | 26.35M |
| Equity Growth % | 399.82% | 213.46% | -21.47% | 2.01% | - |
| Book Value per Share | 29.46 | 23.85 | 44.23 | 56.32 | 55.21 |
| Total Shareholders' Equity | 81.76M | 66.18M | 21.11M | 26.88M | 26.35M |
| Common Stock | 8.72K | 3.29K | 0 | 0 | 0 |
| Retained Earnings | -664.51K | -1.15M | 0 | 0 | 0 |
| Treasury Stock | 0 | -153.32K | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Single-vessel operational concentration
According to quarterly financial reports, RBNE has aggressively expanded its total asset base from $21.6M in 2024Q4 to $85.4M by 2026Q1, a trend that suggests a deliberate shift toward scaling the company's maritime infrastructure despite the inherent volatility of the tanker market.
The rapid growth in assets appears to be driven by significant capital deployment into the fleet, which may indicate management's intent to move beyond a single-vessel operation. Investors should monitor whether this asset accumulation translates into sustained revenue growth or if it merely increases the company's exposure to cyclical downturns.
As reported in recent balance sheet filings, the company's PPE net value of $44.5M in 2026Q1 represents the vast majority of its non-cash assets, confirming that RBNE remains a highly asset-heavy, single-vessel operation with limited diversification to mitigate potential mechanical or regulatory disruptions.
The heavy reliance on a single vessel for the entirety of the company's asset value suggests that any impairment or downtime would have a disproportionate impact on the balance sheet. This lack of asset dispersion warrants caution, as the firm lacks the operational flexibility typically found in larger, multi-vessel maritime entities.
Based on the 2026Q1 balance sheet, RBNE maintains a robust cash position of $27.3M, which provides a substantial liquidity buffer that significantly exceeds the company's total liabilities of $3.7M, suggesting a conservative approach to managing short-term operational risks in a cyclical industry.
The current ratio of 10.33 indicates that the company is well-positioned to meet its immediate obligations without the need for external financing. This liquidity profile appears to be a strategic choice, likely intended to provide the firm with the necessary capital to navigate periods of low charter rates or to fund future fleet expansion.
As indicated in the latest financial statements, RBNE's equity base of $81.8M is currently burdened by accumulated losses, with retained earnings standing at -$664.5K in 2026Q1, reflecting the challenges of achieving consistent profitability during the company's initial phase of operations.
The presence of negative retained earnings suggests that the company has yet to reach a point of self-sustaining profitability, despite its recent revenue growth. Investors should investigate whether these losses are indicative of structural inefficiencies or if they are merely temporary costs associated with the company's rapid scaling efforts.
Quick answers to the most common questions about buying RBNE stock.
As of 2025, Robin Energy Ltd. (RBNE) had total assets of $69.2M including $19.6M in current assets.
Robin Energy Ltd. (RBNE) carries total debt of $0.0M, offset by $6.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Robin Energy Ltd. (RBNE) has total shareholders' equity (book value) of $66.2M ($23.85 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Robin Energy Ltd. (RBNE) reported a current ratio of 6.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.