Icon Energy Corp is a US-listed company in the marine transportation industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Fair value per share
Under review: share count (1m) is 0.19x the market-data count (4m).
Price vs value
Under review: share count (1m) is 0.19x the market-data count (4m). We'll show the comparison once resolved.
Icon Energy Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds2 adding, 3 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers
- Congress1 purchase, 0 salesBy 1 member of Congress, last 12 months, as disclosedTrades by members of Congress
The Fundamentalytics view
Icon Energy Corp's trailing-twelve-month revenue grew 3786.0% year on year, with a free-cash-flow margin of -316.4%.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 69.2% while net income fell 1898.6%: a 1968pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Fast growth. Revenue grew 3786.0% over the last 12 months.
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Margins narrowing. Operating margin is down 384.6 points on a year ago.
- Burning cash. Free cash flow was -316.4% of revenue over the last 12 months.
- Share dilution. Diluted shares rose 10091.5% in a year.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- -$0.62 against an average estimate of -$0.37: missed by 67.6%
Price chart
- 1 day-1.0%
- 1 week+8.6%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $1.7M
- Operating margin
- 10.8%
- Net margin
- -251.2%
- EPS (TTM, diluted)
- $-10.55
Growth
- Revenue growth
- +3786.0%
- Share count change
- +10091.5%
Cash
- Free cash flow (TTM)
- -$5.3M
- FCF margin
- -316.4%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for ICON from the sources we follow. See filings →
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$1.41 | +92% | $18m | +57% |
| Next | −$1.18 | +16% | $18m | +4% |
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −81.6% on 90 days ago. In the last 30 days, 1 analyst raised Icon Energy Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$7.65 | −$1.53 |
| 60 days ago | −$1.53 | −$1.53 |
| 30 days ago | −$1.53 | −$1.53 |
| 7 days ago | −$1.53 | −$1.18 |
| Now | −$1.41 | $0.00 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | −$0.37 | −$0.62 | −67.6% |
| Mar 2026 | −$2.40 | −$0.33 | +86.2% |
| Dec 2025 | −$1.65 | −$14.71 | −791.5% |
| Sept 2025 | −$2.90 | −$2.25 | +22.5% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 0.4% of tradable shares
- Days to cover
- 0.49 at average volume
- Short interest, 1 month
- −24% to October 15, 2026
- Held by institutions
- 2% of shares
- Held by insiders
- 9.0% of shares
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|
| Income | ||
| Revenue | 0 | 2 |
| EBITDA | 1 | 3 |
| Operating income | 0 | 0 |
| Net income | −0 | −4 |
| Diluted EPS | −$304.13 | −$18.04 |
| Growth (year on year) | ||
| Revenue | — | +>999% |
| EBITDA | — | +139.2% |
| Operating income | — | +5.9% |
| Margins | ||
| EBITDA margin | >999% | 186.1% |
| Operating margin | 395.3% | 10.8% |
| Net margin | −488.4% | −251.2% |
| Free-cash-flow margin | <−999% | −316.4% |
| Cash flow | ||
| Cash from operations | 1 | 1 |
| Capital spending | 18 | 6 |
| Free cash flow | −17 | −5 |
| Balance sheet | ||
| Cash | 1 | 4 |
| Total debt | 14 | 32 |
| Net debt (negative = net cash) | 13 | 29 |
| Diluted shares | — | — |
| Returned to shareholders | ||
| Dividends | 0 | 0 |
| Total returned | 0 | 0 |
Financial health
- Short-term assets cover short-term liabilities $5m of assets due within a year against $5m of liabilities due within a year.
- Short-term assets cover long-term liabilities $5m short-term assets against $32m of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Operating income of $180,000 against $4m of interest.
Dividends, buybacks and capital spending
- Dividends (TTM)
- $153,000
- Returned to shareholders
- -3%
- of free cash flow
- Diluted share count
- +10091.5%
- year over year
- Days sales outstanding
- 61 days
- receivables vs revenue
Competitors: side by side with peers
| Last 12 months unless stated | ICON | RBNE | TORO | RUBI | NCT | CISS | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $2m | $10m | $21m | $24m | $25m | $35m | $310m |
| Revenue growth, last 12 months | >999% | 46.3% | −5.9% | −2.8% | 1.2% | −17.8% | 1.0% |
| Operating margin | 10.8% | 7.3% | −22.1% | 52.7% | −25.9% | 3.9% | 17.4% |
| Net margin | −251.2% | −0.5% | 28.1% | 11.2% | −42.0% | 30.1% | 13.2% |
| Cash from operations / revenue | 47.8% | 102.7% | −30.1% | 48.2% | −21.0% | 11.5% | 33.3% |
| Free-cash-flow margin | −316.4% | −281.9% | −346.8% | −36.6% | −26.1% | 11.0% | 13.6% |
| Stock pay / revenue | — | — | 17.0% | — | — | 1.1% | 0.7% |
| Change in share count | >999% | −70.2% | 2.8% | 312.6% | 3.4% | >999% | 0.6% |
Who owns it
Funds buying and selling- Reported value
- $66,072
- Institutions reporting
- 5
- Shares held vs prior quarter
- ▲ 37.8%
- Positions opened / closed
- 2 / 3
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Citadel Advisors LLC | $48,036 | 49K | 72.7% | New |
| HRT Financial LP | $18,000 | 19K | 27.2% | New |
| Allworth Financial LP | $25 | 0K | 0.0% | 0.0% |
| Morgan Stanley | $10 | 0K | 0.0% | 0.0% |
| Caitong International Asset Management Co., Ltd | $1 | 0K | 0.0% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Icon Energy Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Trades by members of Congress
All 1 trade and filingsIn the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Icon Energy Corp shares.
- Julia LetlowPurchase, $1,001 - $15,000, traded December 8, 2025, filed January 13, 2026
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Icon Energy Corp in brief
- What does Icon Energy Corp do?
- Icon Energy Corp is a US-listed company in the marine transportation industry. Its financial year ends in December.
- What is Icon Energy Corp's stock ticker?
- Icon Energy Corp trades under the ticker ICON on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Icon Energy Corp's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Icon Energy Corp reported revenue of $1.7M, 3786.0% higher than a year earlier, according to its SEC filings.
- What is Icon Energy Corp's free cash flow?
- Icon Energy Corp's free-cash-flow margin is -316.4% of revenue over the trailing twelve months.
- Who are Icon Energy Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Citadel Advisors LLC, HRT Financial LP and Allworth Financial LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Does Icon Energy Corp pay a dividend?
- Yes: Icon Energy Corp paid $153,000 in dividends over the trailing twelve months.
- Who are Icon Energy Corp's competitors?
- In our Marine Transportation peer group, the companies closest to Icon Energy Corp are Robin Energy Ltd., Toro Corp., Rubico Inc., Intercont (cayman) Ltd and C3is Inc. The side-by-side comparison below sets their revenue, margins and growth against Icon Energy Corp's.
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