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    T

    TOP Ships Inc. (TOPS)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • AMEX

    $0.44
    -0.01 (-1.57%)

    Market Cap: $3.39M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    PeriodReportedEst.SurpriseB/MYoY
    Jun 26
    Reported Jul 1
    		$N/AN/AN/ABeat-
    Sep 25
    Reported Oct 7
    		$1.63$0.00N/ABeat+126.5%
    Mar 25
    Reported Apr 15
    		$0.67$0.00N/ABeat-
    Mar 23
    Reported Apr 14
    		$1.00$0.00N/ABeat-56.9%
    Sep 22
    Reported Dec 14
    		$0.00$0.00N/ABeat-
    Jun 22
    Reported Sep 28
    		$-6.15N/AN/ABeat-30850.0%
    Mar 22
    Reported Apr 15
    		$0.00$0.00N/ABeat-100.0%
    Dec 21
    Reported Mar 14
    		$2.32$0.00N/ABeat+546.2%
    Sep 21
    Reported Nov 18
    		$0.00$0.00N/ABeat+100.0%
    Jun 21
    Reported Sep 9
    		$0.02$0.00N/ABeat+100.1%
    Mar 21
    Reported Apr 23
    		$0.01$0.00N/ABeat+101.8%
    Dec 20
    Reported Mar 3
    		$-0.52$0.00N/AMiss+85.0%
    Sep 20
    Reported Nov 19
    		$-0.26$0.00N/AMiss+99.4%
    Jun 20
    Reported Aug 7
    		$-27.27$0.00N/AMiss-135.3%
    Mar 20
    Reported Apr 10
    		$-0.55$0.00N/AMiss+99.6%
    Dec 19
    Reported Mar 12
    		$-3.47$0.00N/AMiss-1477.3%
    Sep 19
    Reported Nov 21
    		$-43.40$0.00N/AMiss+20.9%
    Jun 19
    Reported Sep 3
    		$-11.59$0.00N/AMiss-2659.5%
    Mar 19
    Reported May 16
    		$-144.88$0.00N/AMiss-36.7%
    Dec 18
    Reported Mar 28
    		$-0.22$0.00N/AMiss+93.8%
    Sep 18
    Reported Nov 6
    		$-54.89$0.00N/AMiss+74.1%
    Jun 18
    Reported Aug 20
    		$-0.42$0.00N/AMiss+100.0%
    Mar 18
    Reported May 3
    		$-106.01$0.00N/AMiss+95.7%
    Dec 17
    Reported Mar 29
    		$-3.55$0.00N/AMiss-
    Sep 17
    Reported Nov 23
    		$-211.72$0.00N/AMiss-
    Jun 17
    Reported Aug 3
    		$-10405.83$0.00N/ABeat-
    Dec 16
    Reported Mar 24
    		$-2494.16$0.00N/AMiss-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E RatioN/AEV/EBITDAN/A
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin3.23%Operating Margin45.60%
    ROE1.83%ROICN/A
    Financial Health
    Debt/EquityN/AInterest Coverage1.19x
    Current Ratio0.48xQuick Ratio0.46x
    Trading Statistics
    Beta2.25Avg Volume9.12M
    52-Week High$7.4052-Week Low$0.44

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$0.50
    SMA 20$0.59
    SMA 50$0.70
    SMA 200$2.24
    EMA 10$0.50
    EMA 20$0.56
    EMA 50$0.69
    EMA 200$2.03

    MACD

    Line: -0.08Signal: -0.06Hist: -0.01

    ADX

    ADX: 13.6+DI: 23.5-DI: 32.1

    Aroon & PSAR

    Aroon Up32.0
    Aroon Down100.0
    PSAR$0.63

    Bollinger Bands

    Upper Band$0.81
    Lower Band$0.36
    %B Position7720%(Upper)
    Band Width0.17

    RSI (14-Day)

    Oversold
    24.2

    Momentum Oscillators

    Stoch %K5.6
    Stoch %D6.3
    Williams %R-91.1
    ROC (10d)-20.9%
    Momentum-0.12
    CCI (20d)-105.0
    MFI (14d)2.5

    Volatility Measures

    ATR (14d)$0.06(14.2%)
    StdDev (20d)0.11
    Hist Vol108.9%(High)

    Volume Flow

    VWAP$0.43
    OBV150.0M
    AD Line-150.8M
    CMF (20d)-0.655

    Volume Metrics

    Avg Vol (20d)10.0M
    Vol Ratio0.0x(Low)
    VWMA (20d)$0.78

    Pivot Points

    R3$0.48
    R2$0.47
    R1$0.46
    Pivot Point$0.45
    S1$0.44
    S2$0.43
    S3$0.41

    Advanced Oscillators

    TSI-39.09
    Ultimate Osc40.9
    KST-321.76

    Financial Data

    QuarterJun 2026Mar 2026Sep 2025Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022Dec 2021
    Total Revenue$25.48M$36.60M$43.81M$41.80M$20.90M$41.15M$41.81M$20.91M$20.91M$19.42M$19.42M$15.53M
    Cost of Revenue$12.29M$15.20M$17.96M$16.88M$7.44M$17.60M$16.87M$7.46M$7.46M$7.98M$7.98M$6.98M
    Gross Profit$13.19M$21.40M$25.85M$24.92M$13.46M$23.54M$24.94M$13.45M$13.45M$11.44M$11.44M$8.55M
    Operating Expenses$1.57M$13.36M$7.61M$12.47M$9.05M$7.27M$7.45M$4.64M$4.64M$3.68M$3.68M$3.01M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$7.95M$3.50M$945,500$994,500$994,500$994,500$860,500$860,500$957,500
    Operating Income$11.62M$8.04M$18.24M$12.45M$6.23M$16.27M$17.49M$8.74M$8.74M$7.53M$7.53M$5.27M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$5.74M$13.41M$9.99M$12.46M$6.08M$10.53M$7.44M$7.44M$3.57M$6.93M$3.22M$4.16M
    Income Before Tax$6.48M$-4,477,000$7.56M$-1,450,500$146,000$7.52M$10.10M$5.17M$5.17M$4.30M$4.30M$3.47M
    Income Tax Expense$0$0$0$-1,742,500$12.48M$1.74M$-39,865,000$3.21M$3.21M$10.86M$10.86M$1.15M
    Net Income$6.48M$-4,477,000$7.56M$292,000$-12,329,500$5.77M$10.34M$1.97M$1.97M$-6,558,500$-6,558,500$2.31M
    EBITDA$17.00M$23.11M$25.11M$18.59M$9.81M$23.45M$24.66M$15.92M$12.33M$13.64M$10.58M$9.60M
    EBIT$11.62M$8.04M$18.24M$11.41M$6.23M$16.27M$21.07M$8.74M$8.74M$7.53M$7.53M$5.27M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

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    News

    TOP Ships Inc. Cancels Dubai Real Estate Deal

    TOP Ships Inc. has announced its decision to cancel the acquisition of a residential real estate portfolio in Dubai...

    The National Law Review•10/15/26•Somewhat-Bullish

    From Dubai Property to Tankers: TOP Ships Signs Four-Ship GSI Deal

    TOP Ships is expanding its product tanker fleet by acquiring four new Ice Class 1A MR product tankers from Guangzhou Shipyard International...

    Xinde Maritime News•10/10/26•Bullish

    TOP Ships to Acquire Four High Specification Ice Class 1A Newbuilding MR Tankers and About $1.24B Gross Revenue Backlog

    TOP Ships Inc. announced its acquisition of four high-specification, ECO, ice class 1A MR Product Tankers through a share purchase agreement with a related party. These new vessels...

    Bergen Record•10/8/26•Bullish

    A CEO-family affiliate agrees to sell four shipowning companies to TOP Ships (TOPS).

    TOP Ships Inc. is acquiring four shipowning special purpose vehicles (SPVs) from Central Mare Inc., an affiliate of its CEO...

    Stock Titan•10/7/26•Bullish

    A seven-year charter awaits delivery as Rubico (RUBI) completes its tanker venture acquisition.

    Rubico Inc. (RUBI) has completed the acquisition of shares in a special purpose vehicle (SPV) which holds a shipbuilding contract for a new 47,499 dwt chemical/product oil carrier. This vessel already has a seven-year...

    Stock Titan•10/7/26•Neutral

    TOPS Valuation and Fair Value

    Forward P/E
    4.9x
    PEG
    0.0x
    P/B
    0.1x
    See GNG's fair value

    TOPS Profitability: Margins, ROIC and FCF

    Operating margin
    45.6%
    Net margin
    3.2%
    ROE
    1.8%
    FCF margin
    -32.7%

    TOPS Competitors

    CompanyTicker
    Mesa Royalty TrustMTR
    Robin Energy Ltd.RBNE
    MV Oil TrustMVO
    Vivakor IncVIVK
    CBL International Limited Ordinary SharesBANL
    Trio Petroleum Corp.TPET
    Barnwell Industries IncBRN
    Mexco Energy CorporationMXC

    Sector: Energy

    TOPS Bull Case vs Bear Case

    Bear case

    • TOPS's quarterly revenue changed -41.9% year over year.

    TOPS Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)

    TOPS Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    Frequently Asked Questions About TOPS

    Does TOPS pay dividends?

    TOP Ships Inc. (TOPS) has a dividend payment track record. See the TOPS dividend history page for its current payment status, TTM yield, and recorded payments.

    What is TOPS's market cap?

    TOP Ships Inc. (TOPS) has a market capitalization of $3.39M with a current stock price of $0.44.

    Related stocks

    Sector: Energy

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