Pangaea Logistics Solutions Ltd.
PANLNasdaqIndustrials · Deep Sea Foreign Transportation of Freight · D0 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $632.0M | $536.5M | $499.3M | $191.7M | $125.0M | $95.9M |
| Operating income | $40.9M | $48.4M | $44.6M | $19.9M | $6.5M | −$2.3M |
| Net income | $19.4M | $28.9M | $26.3M | $20.0M | $5.8M | −$6.8M |
| Total assets | $928.1M | $936.5M | $705.2M | $748.2M | $707.0M | $450.4M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $429.3M | $427.8M | $323.9M | $314.2M | $247.2M | $182.8M |
| EPS (diluted) | $0.30 | $0.63 | $0.58 | $0.45 | $0.13 | $-0.16 |
| Shares out. | 65.6M | 46.7M | 46.5M | 45.7M | 45.6M | 45.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 6.5%
- Net margin
- 3.1%
- Return on equity
- 4.5%
- Return on assets
- 2.1%
- Return on capital (ROCE)
- 5.1%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $6.54
- Revenue growth (YoY)
- 17.8%
- Net income growth (YoY)
- −33.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −3.7%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 18, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Maze MaureenPassive (13G)May 28, 2026
- Strategic Shipping Inc.Activist (13D)Dec 18, 2025
- Blackrock, Inc.Passive (13G)Feb 5, 2025
- Boggild Carl ClausActivist (13D)Jan 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Rosenfeld EricDirector | May 26, 2026 | Sell | 100,000 | $8.37 |
| Petersen Mads Rosenber BoyeOfficer — Chief Executive Officer | Mar 25, 2026 | Grant | 23,710 | $0.00 |
| Delsignore GianniOfficer — Chief Financial Officer | Mar 25, 2026 | Grant | 12,794 | $0.00 |
| Schildt DanielOfficer — Chief Strategy Officer | Mar 25, 2026 | Grant | 10,284 | $0.00 |
| Delsignore GianniOfficer — Chief Financial Officer | Mar 19, 2026 | Sell | 23,779 | $6.99 |
| Petersen Mads Rosenber BoyeOfficer — Chief Executive Officer | Mar 18, 2026 | Sell | 19,572 | $7.06 |
| Rosenfeld EricDirector | Feb 18, 2026 | Grant | 14,151 | $8.48 |
| Leand Paul M. Jr.Director | Feb 18, 2026 | Grant | 14,151 | $8.48 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.0M | 1.5 | +2.7% |
| Apr 30, 2026 | 1.0M | 2.4 | +18.5% |
| Apr 15, 2026 | 853,904 | 1.8 | 0.0% |
| Mar 31, 2026 | 853,875 | 1.4 | +9.3% |
| Mar 13, 2026 | 781,277 | 1.0 | +8.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 12, 2026
- Results of operationsMay 11, 2026
- Results of operationsMar 11, 2026
- Other material eventFeb 17, 2026
- Director / officer change · Regulation FD disclosureDec 18, 2025
- Entered a material agreement · Director / officer change · Regulation FD disclosureNov 28, 2025
- Results of operationsNov 6, 2025
- Director / officer changeSep 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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