← Imperial Petroleum Inc./Marshall Islands

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $6.5m $3.4m $50.9m $91.9m $67.8m $5.8m
Prepaid Expense and Other Assets, Current $140k $151k $173k $162k $251k $245k
Cash and cash equivalents $6.5m $3.4m $50.9m $91.9m $67.8m $5.8m
Trade and other receivables $666k $1.4m $7.9m $13.5m $13.5m $13.4m
Other current assets $174k $0 $240k $303k $653k $1.1m
Claim Receivables — — — — $0 $479k
Accounts Receivable — — $7.9m $13.5m $13.5m $13.4m
Cash Cash Equivalents And Short Term Investments — — $118.9m $124.0m $206.7m $179.1m
Other Short Term Investments — — $68.0m $32.1m $138.9m $173.3m
Prepaid Assets — — $173k $162k $251k $245k
Inventory, Net $836k $259k $5.5m $7.3m $7.3m $4.7m
Assets, Current $9.4m $6.0m $133.9m $183.2m $228.4m $199.0m
Total current assets $9.4m $6.0m $133.9m $183.2m $228.4m $199.0m
Property, Plant and Equipment, Net $128.7m $120.0m $226.4m $180.8m $208.2m $335.4m
Operating Lease, Right-of-Use Asset — — — $0 $79k $0
Non-current liabilities:
Accounts Receivable, after Allowance for Credit Loss, Current $666k $1.4m $7.9m $13.5m $13.5m $13.4m
Accrued Liabilities, Current $391k $487k $2.0m $3.0m $3.4m $4.2m
Time deposits — $0 $68.0m $32.1m $138.9m $173.3m
Advances and prepayments $140k $151k $173k $162k $251k $245k
Vessels, net $128.7m $120.0m $226.4m $180.8m $208.2m $335.4m
Investment in related party — — $0 $12.8m $12.8m $13.0m
Payable to related parties $1.5m $1.1m $3.0m $2.3m $18.7m $3.0m
Deferred income $135k $482k $1.1m $919k $1.4m $3.4m
Accumulated Depreciation — — ($124.0m) ($111.2m) ($127.9m) ($153.8m)
Capital Lease Obligations — — — $0 $79k $0
Current Accrued Expenses — — $2.0m $3.0m $3.4m $4.2m
Current Capital Lease Obligation — — — $0 $79k $0
Current Debt And Capital Lease Obligation — $4.7m $10.2m — $79k —
Current Deferred Liabilities — — $1.1m $919k $1.4m $3.4m
Duefrom Related Parties Current — $355k $147k $37.9m $0 —
Dueto Related Parties Current — — $3.0m $2.3m $18.7m $3.0m
Gross PPE — — $350.4m $292.1m $336.2m $489.2m
Interest Payable — $93k $464k $0 — —
Invested Capital — — $341.4m $362.3m $420.7m $530.8m
Investments And Advances — — $0 $12.8m $12.8m $13.0m
Machinery Furniture Equipment — — $350.4m $292.1m $336.1m $489.2m
Net Debt — $19.7m $8.9m — — —
Net PPE — — $226.4m $180.8m $208.3m $335.4m
Net Tangible Assets — — $281.7m $362.3m $420.7m $530.8m
Ordinary Shares Number — — $13.0m $29.8m $34.0m $44.6m
Other Non Current Assets — $2.5m $5.6m — — —
Preferred Shares Number — — $796k $796k $796k $796k
Restricted Cash — $451k $1.0m $0 — —
Share Issued — — $13.0m $33.3m $38.3m $48.9m
Tangible Book Value — — $281.6m $362.3m $420.7m $530.8m
Treasury Shares Number — — — $3.4m $4.3m $4.3m
Working Capital — — $109.5m $168.7m $199.6m $182.4m
Liabilities, Noncurrent — $23.1m $59.8m $0 — —
Total non current assets $128.7m $122.5m $232.0m $193.6m $221.1m $348.4m
Total Capitalization — — $341.4m $362.3m $420.7m $530.8m
Total Debt — — $70.0m $0 $79k $0
Assets $138.1m $128.5m $365.8m $376.8m $449.5m $547.4m
Total assets $138.1m $128.5m $365.8m $376.8m $449.5m $547.4m
LIABILITIES AND EQUITY
Total liabilities and stockholders' equity $138.1m $128.5m $365.8m $376.8m $449.5m $547.4m
Current liabilities:
Operating Lease, Liability, Current — — — — $79k $0
Accounts Payable, Current $1.2m $1.4m $8.1m $8.3m $5.2m $6.0m
Long-term Debt, Current Maturities — $4.7m $10.2m $0 — —
Long-term Debt, Excluding Current Maturities — $23.1m $59.8m $0 — —
Trade accounts payable $1.2m $1.4m $8.1m $8.3m $5.2m $6.0m
Operating lease liability, current portion — — — $0 $79k $0
Current Deferred Revenue — — $1.1m $919k $1.4m $3.4m
Payables And Accrued Expenses — — $13.1m $13.6m $27.3m $13.2m
Liabilities, Current $4.1m $8.6m $24.4m $14.5m $28.8m $16.6m
Total current liabilities $4.1m $8.6m $24.4m $14.5m $28.8m $16.6m
Long Term Debt And Capital Lease Obligation — $23.1m $59.8m — — —
Liabilities $4.1m $31.7m $84.2m $14.5m $28.8m $16.6m
Total liabilities $4.1m $31.7m $84.2m $14.5m $28.8m $16.6m
Stockholders’ equity:
Preferred Stock, Value, Issued — $8k $8k $8k $8k $8k
Common Stock, Value, Issued — $48k $1.9m $333k $383k $489k
Additional Paid in Capital — $97.2m $251.1m $270.2m $282.6m $344.4m
Retained Earnings (Accumulated Deficit) — ($472k) $28.6m $97.6m $146.0m $194.3m
Treasury Stock, Common, Value — — — $5.9m $8.4m $8.4m
Capital stock, $0.01 par value, 2,000,000,000 authorized at December 31, 2024 and 2025, 38,275,518 issued and 34,023,635 shares outstanding at December 31, 2024 and 48,900,620 shares issued and 44,648,737 shares outstanding as at December 31, 2025 (Note 8) — 48k 1.9m 333k 383k 489k
Preferred stock — $8k $8k $8k $8k $8k
Treasury stock 4,251,883 shares at December 31, 2024 and 2025, respectively with a par value of $0.01 per share (Note 8) — — $0 ($5.9m) ($8.4m) ($8.4m)
Capital Stock — — $138k $341k $391k $497k
Preferred Stock Equity — — $8k $8k $8k $8k
Treasury Stock — — $0 $5.9m $8.4m $8.4m
Stockholders' Equity Attributable to Parent $134.1m $96.7m $281.7m $362.3m $420.7m $530.8m
Total Equity Gross Minority Interest — — $281.7m $362.3m $420.7m $530.8m
Total Non Current Liabilities Net Minority Interest — — $59.8m $0 $0 $0
Total stockholders' equity $134.1m $96.7m $281.7m $362.3m $420.7m $530.8m
Liabilities and Equity $138.1m $128.5m $365.8m $376.8m $449.5m $547.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.