Pangaea Logistics Solutions Ltd.

PANL

Pangaea Logistics Solutions Ltd.

PANL

Insider Sentiment (TTM):

Last Purchase:2025-06-16Last Sale:2026-05-26Shares Purchased (TTM):0Shares Sold (TTM):143,351

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:25,521,488Shares Outstanding:64,193,205Institutional Ownership Pct.:39.76%

Earnings Market Reaction:

Filing Date:2026-08-10Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Related Party	-	2	1	0	-1	1	1	-	-	-	1	-
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	106	90	103	94	59	64	87	93	78	96	99	87
Accounts Receivable Net Current	59	61	56	46	49	48	42	44	41	42	48	53
Inventory Net	51	40	28	36	39	36	33	27	29	22	17	26
Prepaid Expense And Other Assets Current	50	50	28	30	29	28	30	32	33	36	28	31
Assets Held For Sale Not Part Of Disposal Group Cu…	-	9	-	7	8	-	-	-	-	-	-	-
Assets Current	266	251	216	213	184	176	192	196	181	196	192	198
Restricted Cash Noncurrent	0	0	0	0	-	-	0	-	-	-	-	-
Property Plant And Equipment Net	667	675	678	684	694	705	708	515	464	469	474	480
Finance Lease Right Of Use Asset	-	17	27	27	28	28	29	29	30	30	30	41
Goodwill	3	3	3	3	3	3	3	3	3	3	3	3
Other Assets Noncurrent	4	5	5	5	7	5	5	6	6	6	6	6
Assets	957	951	928	932	916	918	936	749	693	703	705	729
Liabilities And Stockhold…
Liabilities Current
Contract With Customer Liability Current	28	29	25	18	18	19	15	16	10	14	16	14
Other Long Term Debt Current	40	17	17	17	17	17	17	17	12	30	31	32
Long Term Debt And Capital Lease Obligations Inclu…	39	32	28	28	25	25	25	-	-	-	19	-
Finance Lease Liability Current	-	1	2	3	3	3	3	14	21	22	22	22
Dividends Payable Current	1	1	1	1	1	1	1	1	1	1	1	1
Liabilities Current	192	154	128	131	126	109	109	96	84	99	105	115
Secured Long Term Debt	67	93	97	101	105	109	113	117	78	66	68	71
Contractual Obligation	195	209	220	226	217	223	230	-	-	-	130	-
Other Liabilities Noncurrent	-	-	-	-	-	-	0	16	17	19	18	19
Finance Lease Liability Noncurrent	-	8	8	9	9	10	10	141	137	140	143	143
Preferred Stock Value	-	-	-	-	0	0	0	0	0	0	0	0
Liabilities Noncurrent	270	310	-	-	-	-	-	-	-	-	-	-
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	259	259	257	257	260	260	259	167	167	166	165	164
Retained Earnings Accumulated Deficit	189	182	172	164	155	161	169	165	165	166	159	163
Stockholders Equity	495	441	429	420	459	467	475	333	332	332	324	327
Minority Interest	46	46	45	45	45	46	47	46	45	47	46	51
Liabilities And Stockholders Equity	957	951	928	932	916	918	936	749	693	703	705	729
Allowance For Doubtful Accounts Receivable	7	7	6	6	7	7	5	5	6	6	6	5
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	0	0	0	0	0	0	0	0
Preferred Stock Shares Authorized	-	-	-	-	1	1	1	1	1	1	1	1
Preferred Stock Shares Issued	-	-	-	-	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	-	-	-	-	0	0	0	0	0	0	0	0
Accumulated Depreciation Depletion And Amortizatio…	201	191	180	-	-	-	152	-	-	-	127	-
Finance Lease Right Of Use Asset Accumulated Amort…	-	7	13	-	-	-	11	-	-	-	10	-
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	-	0	0	0	0	0	0
Common Stock Shares Authorized	100	100	100	100	100	100	100	100	100	100	100	100
Common Stock Shares Issued	65	65	65	65	65	66	65	47	47	47	46	46
Shares Outstanding	65	65	65	65	65	66	65	47	47	47	46	46

Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables

Start free trial

Custom Table

10‑Q10‑K

0/5

Search a metric to start building a table

Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals

Start free trial

Interactive Financial Visualizations

10‑Q10‑K

Stock Price:

OnOff

Transformations:

0/1

Search a metric to start building a visual

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-5.62%	-13.60%	-0.38%	-	-	-	-	-	-	-	-	-
2025	6.39%	17.60%	5.01%	8.55%	9.79%	-0.70%	13.39%	5.78%	34.29%	4.74%	12.64%	4.28%
2024	7.91%	2.17%	-4.75%	4.75%	10.80%	-2.70%	-17.61%	-15.81%	-21.07%	-23.35%	-28.52%	-16.18%
2023	-	-	-	-	-	-	21.38%	41.66%	59.03%	-1.00%	5.71%	19.62%
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial

Subscribe to unlock 17+ years of financial data and 90+ calculated metrics

Start 7-day free trial

Subscribe to unlock 17+ years of data and 90+ calculated metrics

Start free trial

Performance and Valuation Metrics

Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.

Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.38	1.63	1.69	1.62	1.46	1.61	1.76	2.05	2.16	1.97	1.82	1.72
Quick Ratio	0.86	1.04	1.24	1.12	0.92	1.03	1.18	1.43	1.42	1.39	1.39	1.22
Working Capital	73.76M	97.20M	87.74M	81.70M	58.00M	66.91M	82.89M	100.33M	97.38M	96.22M	86.49M	83.20M
Leverage & Debt
Debt to Equity	0.93	1.05	0.27	0.31	0.27	0.23	0.23	0.29	0.25	0.30	0.28	0.35
Interest Coverage TTM	-	-	-	-	-	-	-	-	-	-	-	11.52
Debt Ratio	0.48	0.49	0.14	0.14	0.14	0.12	0.12	0.13	0.12	0.14	0.15	0.16
Efficiency & Turnover
Asset Turnover TTM	0.76	0.73	0.68	0.71	0.72	0.68	0.65	0.71	0.71	0.68	0.69	0.68
Days Sales Outstanding TTM	27.87	29.31	28.36	27.50	28.54	29.59	30.70	34.19	30.49	28.08	30.94	35.31
Receivables Turnover TTM	13.10	12.45	12.87	13.27	12.79	12.34	11.89	10.68	11.97	13.00	11.80	10.34
Per Share Metrics
Diluted EPS TTM	0.75	0.55	0.31	0.27	0.17	0.27	0.69	0.49	0.79	0.77	0.58	0.85
Free Cash Flow Per Share TTM	0.94	0.97	0.84	0.98	0.97	0.82	1.45	1.23	0.97	0.65	0.72	1.24
Dividend Per Share TTM	0.42	0.42	0.47	0.44	0.30	0.32	0.41	0.41	0.41	0.41	0.40	0.40
Margin Metrics
Operating Profit Margin TTM	9.32%	7.13%	6.48%	6.43%	6.28%	7.28%	9.03%	8.48%	9.71%	10.02%	8.94%	10.66%
Net Profit Margin TTM	6.86%	5.27%	3.19%	2.99%	1.85%	3.09%	5.92%	4.35%	7.23%	7.24%	5.27%	7.70%
Growth Metrics
Net Revenue Growth (1Y)	22.50%	22.58%	17.80%	14.22%	15.10%	13.11%	7.46%	5.23%	-7.43%	-21.13%	-28.65%	-38.57%
Net Income Growth (1Y)	355.77%	109.16%	-36.52%	-21.52%	-70.64%	-51.79%	20.69%	-40.58%	-4.33%	-43.45%	-66.89%	-51.85%
EPS Growth (1Y)	353.26%	108.04%	-54.84%	-44.24%	-79.24%	-65.86%	19.04%	-41.24%	-5.39%	-44.07%	-67.16%	-52.23%
Valuation Metrics
P/E TTM	8.59	12.61	21.51	17.85	27.34	17.06	7.22	13.37	8.88	8.00	12.48	6.06
P/B TTM	0.85	1.02	0.91	0.76	0.64	0.63	0.48	0.91	0.98	0.86	0.89	0.71
P/S TTM	0.59	0.66	0.69	0.53	0.50	0.53	0.43	0.58	0.64	0.58	0.66	0.47
Market Cap	418.58M	451.49M	433.71M	317.59M	292.51M	292.08M	229.30M	303.14M	323.45M	283.97M	328.44M	231.07M
Enterprise Value	351.16M	393.24M	358.28M	251.05M	258.69M	253.48M	167.76M	482.34M	482.49M	415.65M	248.38M	379.90M
Calculated Values
Free Cash Flow TTM	60.72M	62.58M	53.73M	62.24M	62.13M	52.34M	65.69M	55.91M	43.76M	29.61M	32.19M	55.62M
Net Debt	-67.42M	-58.25M	-75.43M	-66.54M	-33.81M	-38.60M	-61.54M	179.20M	159.04M	131.68M	-80.06M	148.83M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Insider Transactions

2026-05-26Sale

Owner: Rosenfeld, Eric

Title: -

Shares: 100,000

Price/Share: $8.37

Value: $837,000.00

Shares Owned: 536,845

Relationship: Director

Ownership: Direct

2026-03-19Sale

Owner: Delsignore, Gianni

Title: Chief Financial Officer

Shares: 23,779

Price/Share: $6.99

Value: $166,215.21

Shares Owned: 378,668

Relationship: Officer

Ownership: Direct

2026-03-18Sale

Owner: Petersen, Mads Rosenber B…

Title: Chief Executive Officer

Shares: 19,572

Price/Share: $7.06

Value: $138,178.32

Shares Owned: 680,016

Relationship: Officer

Ownership: Direct

2025-06-16Purchase

Owner: Strategic, Shipping Inc.

Title: -

Shares: 39,524

Price/Share: $4.63

Value: $182,996.12

Shares Owned: 18,870,317

Relationship: TenPercentOwner

Ownership: Direct

2025-06-05Purchase

Owner: Strategic, Shipping Inc.

Title: -

Shares: 5,918

Price/Share: $4.49

Value: $26,571.82

Shares Owned: 18,830,793

Relationship: TenPercentOwner

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-26	Rosenfeld, Eric	Director	-	Direct	Sale	100,000	8.37	$837,000.00	536,845	4
2026-03-19	Delsignore, Gianni	Officer	Chief Financial Officer	Direct	Sale	23,779	6.99	$166,215.21	378,668	4
2026-03-18	Petersen, Mads Rosenber B…	Officer	Chief Executive Officer	Direct	Sale	19,572	7.06	$138,178.32	680,016	4
2025-06-16	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	39,524	4.63	$182,996.12	18,870,317	4
2025-06-05	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	5,918	4.49	$26,571.82	18,830,793	4
2025-06-02	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	50,000	4.44	$222,000.00	18,799,375	4
2025-05-22	Beachy, Karen H	Director	-	Direct	Sale	11,000	4.54	$49,940.00	56,670	4
2025-05-21	Filanowski, Mark L	Director,Officer	Chief Executive Officer	Direct	Purchase	20,000	4.75	$95,000.00	500,679	4
2025-05-20	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	23,547	4.43	$104,313.21	18,726,550	4
2025-05-19	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	17,384	4.36	$75,794.24	18,703,003	4
2025-04-11	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	6,504	4.24	$27,576.96	18,593,653	4
2025-04-08	Strategic, Shipping Inc.	TenPercentOwner	-	Direct	Purchase	75,000	4.16	$312,000.00	18,504,342	4
2023-12-12	Sgro, David	Director	-	Indirect	Sale	11,848	7.35	$87,082.80	0	4
2023-12-12	Rosenfeld, Eric	Director	-	Indirect	Sale	15,783	7.35	$116,005.05	205,131	4
2023-11-29	Sgro, David	Director	-	Indirect	Sale	1,311	7.26	$9,517.86	11,848	4/A
2023-11-29	Rosenfeld, Eric	Director	-	Indirect	Sale	1,749	7.26	$12,697.74	220,914	4/A
2023-11-24	Rosenfeld, Eric	Director	-	Indirect	Sale	14,286	7.09	$101,287.74	230,649	4
2023-11-24	Sgro, David	Director	-	Indirect	Sale	10,714	7.09	$75,962.26	19,141	4
2023-06-29	Sgro, David	Director	-	Indirect	Sale	10,263	6.75	$69,275.25	51,283	4/A
2023-06-29	Sgro, David	Director	-	Indirect	Sale	10,236	6.75	$69,093.00	51,310	4
2023-06-29	Rosenfeld, Eric	Director	-	Indirect	Sale	54,737	6.75	$369,474.75	273,507	4
Additional insider transactions are for subscribers only. Unlock the complete Form 4 filing history Start 7-day free trial

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Institutional Ownership

No data available for chart

2026-03-31

39.76%

Inst. Shares: 25,521,488

Shares Outstanding: 64,193,205

2025-12-31

38.33%

Inst. Shares: 24,452,900

Shares Outstanding: 63,802,958

2025-09-30

37.66%

Inst. Shares: 24,001,347

Shares Outstanding: 63,729,227

2025-06-30

37.42%

Inst. Shares: 23,967,562

Shares Outstanding: 64,042,209

2025-03-31

39.99%

Inst. Shares: 25,537,183

Shares Outstanding: 63,851,090

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	25,521,488	64,193,205	39.76%
2025-12-31	24,452,900	63,802,958	38.33%
2025-09-30	24,001,347	63,729,227	37.66%
2025-06-30	23,967,562	64,042,209	37.42%
2025-03-31	25,537,183	63,851,090	39.99%
2024-12-31	25,336,718	45,391,855	55.82%
2024-09-30	24,832,910	45,279,813	54.84%
2024-06-30	25,109,518	45,276,791	55.46%
2024-03-31	24,515,146	45,214,519	54.22%
2023-12-31	22,422,621	44,773,899	50.08%
2023-09-30	21,045,822	44,775,438	47.00%
2023-06-30	21,542,061	44,775,438	48.11%
Additional institutional holders are for subscribers only. Unlock the complete Form 13F ownership history Start 7-day free trial

Pangaea Logistics Solutions Ltd. (PANL) — SEC Financial Statements & Analysis

Pangaea Logistics Solutions Ltd. (PANL) is a deep sea foreign transportation of freight company, incorporated in D0. Pangaea Logistics Solutions Ltd. trades on Nasdaq as: PANL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Pangaea Logistics Solutions Ltd. reported a 22.50% year-over-year revenue growth, a Debt-to-Equity ratio of 0.93x, a Price-to-Sales (P/S) ratio of 0.59x (TTM), a Price-to-Book (P/B) ratio of 0.85x (TTM), at a market cap of $418.58M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 22.50%
Debt To Equity: 0.93x
P/S TTM: 0.59x
P/B TTM: 0.85x
Market Cap: $418.58M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Pangaea Logistics Solutions Ltd. in?

Pangaea Logistics Solutions Ltd. (PANL) operates in the Deep Sea Foreign Transportation of Freight industry.

What is PANL's market cap?

Pangaea Logistics Solutions Ltd. (PANL) has a market capitalization of $418.58M as of 2026-06-30.

What is PANL's P/E ratio?

Pangaea Logistics Solutions Ltd. (PANL)'s trailing twelve month P/E ratio is 8.59x as of 2026-06-30.

What exchange does PANL trade on?

Pangaea Logistics Solutions Ltd. (PANL) trades on the Nasdaq.

Where is Pangaea Logistics Solutions Ltd. incorporated?

Pangaea Logistics Solutions Ltd. is incorporated in Bermuda.