Icon Energy Corp (ICON)

Icon Energy Corp., a shipping company, provides seaborne transportation services for dry bulk cargoes through its fleet of oceangoing vessels worldwide. Its fleet consists of one Panamax dry bulk vessel with a carrying capacity of approximately 77,326 deadweight tons (dwt); one Kamsarmax dry bulk vessel with a carrying capacity of approximately 81,448 dwt; and one Ultramax dry bulk vessel with a carrying capacity of approximately 63.668 dwt. The company serves dry bulk operators, commodity traders, and end users. The company was incorporated in 2023 and is based in Athens, Greece. Icon Energy Corp. is a subsidiary of Atlantis Holding Corp.

Symbol
ICON
Exchange
Nasdaq
Sector
Industrials
Industry
Marine Shipping
52 week range
0.78 - 11.7

Valuation

Share price
$0.99 (close of 2026-09-23)
Price to book
0.03x
Price to free cash flow
-0.13x
Book value per share
$30.89

Price performance

PeriodChange
1 day+2.06%
5 days+12.50%
1 month-1.98%
3 months+8.79%
6 months+8.79%
Year to date-70.54%
1 year-91.04%
All time-99.87%

Profitability and growth

Return on equity
-19.63%
Return on invested capital
0.34%
Return on assets
-7.18%
Return on capital employed
0.33%
Gross margin
75.58%
Net margin
-251.17%
EBITDA margin
186.12%
Revenue growth
3786.05%
Net income growth
-1898.57%
Free cash flow growth
69.19%

Cash flow and balance sheet

Current ratio
1.10x
Net debt to EBITDA
10.03x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.67M
Cost of revenue
$408.00K
Gross profit
$1.26M
EBITDA
$3.11M
Net income
$-4.20M

Income statement by year

Period endRevenueGross profitNet income
2025-12-31$1.67M$1.26M$-4.20M
2024-12-31$43.00K-$-210.00K
2023-12-31--$1.16M
2022-12-31--$4.24M

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3175.58%-251.17%-19.63%0.34%
2024-12-31--488.37%-1.79%0.64%
2023-12-31--12.60%17.09%
2022-12-31--29.62%39.16%

Cash and debt by year

Period endCash
2025-12-31$3.88M
2024-12-31$946.00K
2023-12-31$2.70M

Free cash flow by year

Period endFree cash flow
2025-12-31$-5.29M
2024-12-31$-17.16M
2023-12-31$2.48M
2022-12-31$3.76M

Dividend history

Most recent payment
2025-05-16
Payment dateDividend per share
2025-05-16$0.35
2024-12-16$17.00
2024-09-13$16.00

Investor relations

Next earnings report

Next confirmed report
2026-11-13

Past earnings dates

ReportedFiscal periodEPS estimate
2026-06-09Mar/2026-
2025-07-03--
2021-08-11--
2021-05-13--
2021-03-31--
2020-12-31--
2020-11-16--
2020-08-12--

Filings and sources

Company website
icon-nrg.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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