← Global Ship Lease, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $37.6m |
$35.0m
-6.72%
|
$157.1m
+348.29%
|
$261.1m
+66.20%
|
$282.8m
+8.32%
|
$448.0m
+58.39%
|
$645.6m
+44.13%
|
$674.8m
+4.51%
|
$711.1m
+5.37%
|
$766.5m
+7.79%
|
$760.8m
-0.74%
|
|
| Rental and Leasing Revenue | $37.9m | $35.3m | $30.9m | $261.1m | — | $402.5m | $604.5m | $666.7m | $705.5m | $753.0m | — | |
| General and Administrative Expense | $6.3m | $5.3m | $9.2m | $8.8m | $8.3m | $13.2m | $18.5m | $18.2m | $17.1m | $22.1m | $29.4m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $1.1m | $4.3m | $4.6m | $3.6m | — | |
| Amortization of intangible liabilities-charter agreements | — | — | — | ($1.9m) | $541k | $45.4m | $41.2m | $8.1m | $5.5m | $13.5m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $666.7m | $705.5m | $753.0m | — | |
| Operating expenses: | ||||||||||||
| Operating Costs and Expenses | $187.0m | $174.3m | $47.6m | $87.8m | $102.8m | $130.3m | $167.4m | $179.2m | $191.3m | $208.4m | — | |
| Total Operating Expenses | $187.0m | $174.3m | $47.6m | $87.8m | $102.8m | $130.3m | $167.4m | $179.2m | $191.3m | $208.4m | $29.4m | |
| Total non-operating expenses | ($44.4m) | ($58.9m) | ($47.0m) | ($71.7m) | ($63.1m) | ($66.0m) | ($61.3m) | ($38.3m) | ($25.5m) | ($18.7m) | — | |
| Other Operating Income | $216k | $51k | ($10.3m) | $111.6m | $104.8m | $237.5m | $354.2m | $343.2m | $379.1m | $435.1m | $358.6m | |
| Operating Income (Loss) | ($20.5m) |
($15.3m)
+25.18%
|
($10.3m)
+33.05%
|
$111.6m
+1187.40%
|
$104.8m
-6.10%
|
$237.5m
+126.73%
|
$354.2m
+49.12%
|
$343.2m
-3.10%
|
$379.1m
+10.47%
|
$435.1m
+14.77%
|
$358.6m
-17.59%
|
|
| Interest Expense | $44.8m | $59.4m | — | — | — | — | — | — | — | — | $37.3m | |
| Gain on sale of vessels | — | — | $0 | $0 | $244k | ($7.8m) | $0 | $0 | $0 | ($46.3m) | — | |
| Other Nonoperating Income (Expense) | $216k | $51k | $212k | $1.5m | $1.3m | $2.8m | $1.8m | $2.1m | $3.6m | $6.1m | — | |
| Non-Operating Income (Expense) | $216k | $51k | $212k | $1.5m | $1.3m | $2.8m | $9.7m | ($5.4m) | ($5.2m) | ($5.0m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($65.0m) | ($74.2m) | ($57.3m) | $39.8m | $41.6m | $171.6m | $292.9m | $304.9m | $353.6m | $416.5m | $383.1m | |
| Income taxes | ($46k) | ($40k) | ($55k) | ($3k) | ($49k) | ($56k) | $50k | ($448k) | ($1k) | $0 | — | |
| Net Income (Loss) Attributable to Parent | ($65.1m) |
($74.3m)
-14.09%
|
($57.4m)
+22.76%
|
$39.8m
+169.45%
|
$41.6m
+4.33%
|
$171.5m
+312.61%
|
$292.9m
+70.81%
|
$304.5m
+3.95%
|
$353.6m
+16.13%
|
$416.5m
+17.77%
|
$373.6m
-10.29%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($68.2m) |
($77.3m)
-13.46%
|
($60.4m)
+21.86%
|
$36.8m
+160.83%
|
$37.6m
+2.21%
|
$163.2m
+334.50%
|
$283.4m
+73.61%
|
$295.0m
+4.08%
|
$344.1m
+16.66%
|
$406.9m
+18.26%
|
$373.6m
-8.19%
|
|
| Preferred Stock Dividends, Income Statement Impact | — | — | $3.1m | $3.1m | $4.0m | $8.3m | $9.5m | $9.5m | $9.5m | $9.5m | $9.5m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | ($12.1m) | $19.2m | $15.9m | $0 | $0 | — | — | — | — | |
| Basic (per share) | ($1.42) | ($1.61) | ($14.84) | $2.96 | $2.46 | $4.65 | $7.74 | $8.33 | $9.74 | $11.40 | — | |
| Diluted (per share) | ($1.42) | ($1.61) | ($14.84) | $2.96 | $2.44 | $4.60 | $7.62 | $8.21 | $9.67 | $11.32 | — | |
| Earnings allocated to Series B Preferred Shares | ($3.1m) | ($3.1m) | ($3.1m) | ($3.1m) | ($4.0m) | ($8.3m) | ($9.5m) | ($9.5m) | ($9.5m) | ($9.5m) | — | |
| Weighted Average Shares Outstanding | — | 6.0m | 8.1m | 24.8m | 30.6m | 35.1m | 36.6m | 35.4m | 35.3m | 35.7m | — | |
| Weighted Average Shares Outstanding, Diluted | 55.3m | 55.4m | 9.1m | 0 | 0 | 35.5m | 37.2m | 35.9m | 35.6m | 36.0m | — | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | $23k | $9k | — | — | — | — | — | — | — | — | — | |
| Time charter and voyages expenses (include related party time charter and voyage expenses of $8,689, $8,610 and $7,995 for each of the years ended December 31, 2025, 2024 and 2023, respectively) | $705k | $962k | $1.4m | $9.0m | $11.1m | $13.1m | $21.2m | $23.6m | $23.5m | $25.1m | — | |
| Depreciation Expense | $42.8m | $38.0m | $35.5m | $43.9m | $47.0m | $61.6m | $81.3m | $91.7m | $100.0m | $122.0m | — | |
| Goodwill Impairment | $92.4m | $87.6m | $71.8m | $0 | $8.5m | $0 | $3.0m | $18.8m | $0 | $0 | $0 | |
| Interest and Dividend Income (Non-Bank) | $198k | $489k | $1.4m | $1.8m | $956k | $449k | $2.5m | $9.8m | $16.7m | $19.2m | — | |
| Interest and other finance expenses (include $875, $3,627 and $108 expenses relating to prepayment fees and acceleration of deferred financing costs, if any, for each of the years ended December 31, 2025, 2024 and 2023, respectively) | ($44.8m) | ($59.4m) | ($48.7m) | ($75.0m) | ($65.4m) | ($69.2m) | ($75.3m) | ($44.8m) | ($40.7m) | ($39.0m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $171.5m | $292.9m | — | — | — | — |