DSX (Diana Shipping Inc.) Stock Financials & Earnings | Market Cap Arena

DSX (Diana Shipping Inc.) Stock Financials & Earnings | Market Cap Arena

DSXDiana Shipping Inc.

Mkt Cap$289M

Industrials·Marine Shipping· Greece·NYSE

Revenue (TTM)$214M

Net Income (TTM)$18M

EPS (TTM)$0.11

Free Cash Flow (TTM)$0

Gross Margin40.5%

Op. Margin18.9%

Net Margin8.3%

FCF Margin0.0%

P/S Ratio (TTM)1.4x

P/E Ratio (TTM)16.2x

YoY Rev Growth-6.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$73M	$35M	$17M
Q2 23	$67M	$28M	$19M
Q3 23	$62M	$26M	$18M
Q4 23	$60M	$24M	$16M
Q1 24	$58M	$22M	$14M
Q2 24	$56M	$21M	$12M
Q3 24	$57M	$21M	$17M
Q4 24	$57M	$34M	$15M
Q1 25	$55M	$21M	$14M
Q2 25	$55M	$20M	$11M
Q3 25	$52M	$17M	$9M
Q4 25	$52M	$29M	$7M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.0x	2.2x
Q2 23	1.0x	2.8x
Q3 23	1.0x	3.5x
Q4 23	1.1x	4.4x
Q1 24	1.2x	9.9x
Q2 24	1.2x	18.0x
Q3 24	1.2x	23.3x
Q4 24	1.3x	22.7x
Q1 25	1.3x	21.1x
Q2 25	1.3x	13.8x
Q3 25	1.3x	11.8x
Q4 25	1.4x	16.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$33M	$33M
Q2 23	$20M	$20M
Q3 23	$20M	$20M
Q4 23	-$5M	-$5M
Q1 24	$38M	$38M
Q2 24	$11M	$11M
Q3 24	$20M	$0
Q4 24	$8M	$0
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$15M	$0
Q4 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$11M
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$15M
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+10.2%	+59.0%
Q2 23	-9.6%	+40.5%
Q3 23	-15.9%	+23.0%
Q4 23	-20.7%	+4.5%
Q1 24	-20.6%	-20.5%
Q2 24	-16.9%	-8.5%
Q3 24	-7.4%	-7.9%
Q4 24	-4.9%	-3.6%
Q1 25	-4.7%	-6.3%
Q2 25	-2.3%	+0.3%
Q3 25	-9.8%	+5.8%
Q4 25	-8.8%	+5.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$5M	7.2%
Q3 23	$0	0.0%
Q4 23	$10M	16.6%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$5M	9.6%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$8M	—	—
Q2 23	$8M	—	—
Q3 23	$9M	—	—
Q4 23	$8M	$333K	—
Q1 24	$9M	$333K	—
Q2 24	$9M	—	—
Q3 24	$8M	—	—
Q4 24	$9M	—	—
Q1 25	$8M	—	—
Q2 25	$9M	—	—
Q3 25	—	—	$8M
Q4 25	$9M	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$116M	$10M	$126M
Q2 23	$123M	$54M	$177M
Q3 23	$174M	$0	$174M
Q4 23	$102M	$61M	$162M
Q1 24	$162M	$0	$162M
Q2 24	$101M	$20M	$121M
Q3 24	$152M	$35M	$187M
Q4 24	$125M	$64M	$188M
Q1 25	$188M	$0	$188M
Q2 25	$65M	$90M	$155M
Q3 25	$94M	$154M	$248M
Q4 25	$122M	$118M	$240M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	99M	+8.9%
Q2 23	101M	+2.6%
Q3 23	102M	+1.4%
Q4 23	105M	+2.9%
Q1 24	111M	+5.6%
Q2 24	115M	+3.5%
Q3 24	120M	+4.3%
Q4 24	120M	-0.4%
Q1 25	110M	-8.5%
Q2 25	111M	+1.0%
Q3 25	111M	+0.4%
Q4 25	112M	+0.8%