Nordic American Tankers Ltd income statement

In fiscal 2025, Nordic American Tankers Ltd reported revenue of $292m, down 16.6% on the year before, operating income of $46.3m (a 15.9% margin) and net income of $12.3m, or $0.06 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nordic American Tankers Ltd: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	357	297	289	317	355	191	339	392	350	292
Cost of revenue	126	142	165	142	121	128	171	130	125	110
Gross profit	231	155	124	175	234	63	169	262	225	182
General and administrative	12	13	13	13	18	16	19	23	29	28
Operating income	53	−176	−39	32	81	−144	42	128	77	46
Interest expense	11	20	35	38	31	26	27	30	31	36
Provision for credit losses	—	—	—	0	25	0	0	0	0	406
Income before tax	42	−196	−88	−10	50	−171	15	99	47	12
Income tax	0	0	0	0	0	0	0	0	−0	0
Net income	−4	−205	−95	−10	50	−171	15	99	47	12
Diluted EPS	−$0.05	−$1.97	−$0.67	−$0.07	$0.34	−$1.05	$0.07	$0.47	$0.22	$0.06
Diluted shares (average)	93m	104m	142m	143m	149m	163m	202m	209m	210m	212m
EBITDA	144	−75	22	96	149	−76	92	179	133	104

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Nordic American Tankers Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Nordic American Tankers Ltd.