Pangaea Logistics Solutions Ltd.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
PANL$8.54+5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders' Equity
Consolidated Statements of Equity For the Years Ended December 31, 2025 and 2024
| Common Stock · Additional Paid-in Capital · Retained Earnings · Total Pangaea Logistics Solutions Ltd. Equity · Non-Controlling Interest · Total Stockholders' Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount (1) | |||||||||
| Balance at December 31, 2023 | 46,466,622 | $5 | $164,855 | $159,027 | $323,886 | $46,310 | $370,196 | ||
| Share-based compensation | — | — | 2,788 | — | 2,788 | — | 2,788 | ||
| Equity Consideration for Strategic Shipping Inc. Acquisition | 18,059,342 | 2 | 91,017 | 91,019 | 91,019 | ||||
| Issuance of restricted shares, net of forfeitures | 435,469 | — | — | — | — | — | — | ||
| Common Stock Dividend | — | — | — | (18,775) | (18,775) | — | (18,775) | ||
| Distribution to Non-Controlling Interests | — | — | — | — | — | (2,333) | (2,333) | ||
| Net income | — | — | — | 28,903 | 28,903 | 2,866 | 31,769 | ||
| Balance at December 31, 2024 | 64,961,433 | $6 | $258,660 | $169,155 | $427,822 | $46,843 | $474,664 | ||
| Share-based compensation | — | — | 4,111 | — | 4,111 | — | 4,111 | ||
| Issuance of restricted shares, net of forfeitures | 616,186 | — | — | — | — | — | — | ||
| Common Stock Dividend | — | — | — | (16,327) | (16,327) | — | (16,327) | ||
| Share repurchases | (603,631) | — | (2,999) | (2,999) | (2,999) | ||||
| Acquisition of noncontrolling interest | — | — | (2,700) | — | (2,700) | — | (2,700) | ||
| Contribution from Non-Controlling interest | — | — | — | 57 | 57 | 252 | 309 | ||
| Distribution to Non-Controlling interests | — | — | — | — | — | (2,490) | (2,490) | ||
| Net income | — | — | — | 19,369 | 19,369 | 798 | 20,167 | ||
| Balance at December 31, 2025 | 64,973,988 | $7 | $257,072 | $172,255 | $429,333 | $45,403 | $474,736 | ||
(1) Common stock has a par value of $0.0001 per share. Amounts are presented in thousands, and therefore par value amounts are not reflected.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.