Eurodry Ltd Financials

EDRY

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows Eurodry Ltd (EDRY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Eurodry Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-0.36x

For every $1 of reported earnings, Eurodry Ltd generates $-0.36 in operating cash flow ($4.8M OCF vs -$13.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.8x

Eurodry Ltd earns $-0.8 in operating income for every $1 of interest expense (-$6.3M vs $7.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

N/A

EBITDA

$7.6M

YoY-37.1%

5Y CAGR-4.3%

Eurodry Ltd's EBITDA was $7.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.1% from the prior year.

Free Cash Flow

N/A

Net Income

-$13.5M

YoY-311.7%

Eurodry Ltd reported -$13.5M in net income in fiscal year 2024. This represents a decrease of 311.7% from the prior year.

EPS (Diluted)

$-4.62

YoY-340.0%

Eurodry Ltd earned $-4.62 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 340.0% from the prior year.

Cash & Debt

$6.7M

YoY-16.1%

5Y CAGR+4.5%

Eurodry Ltd held $6.7M in cash against $95.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-0.2%

5Y CAGR+4.2%

Eurodry Ltd had 3M shares outstanding in fiscal year 2024. This represents a decrease of 0.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$1.3M

YoY-37.3%

Eurodry Ltd spent $1.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 37.3% from the prior year.

Capital Expenditures

N/A

EDRY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	$74.6M+8.9%	$68.5M+190.3%	$23.6M-18.0%	$28.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.3M-5.5%	$3.5M+12.6%	$3.1M+16.5%	$2.6M+15.2%	$2.3M+1.7%	$2.3M
Operating Income	-$6.3M-675.7%	$1.1M-96.8%	$34.1M-12.3%	$38.9M+1518.7%	-$2.7M-191.1%	$3.0M
Interest Expense	$7.7M+22.5%	$6.3M+73.3%	$3.6M+77.5%	$2.0M-6.9%	$2.2M-34.8%	$3.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$13.5M-311.7%	-$3.3M-109.8%	$33.5M+7.7%	$31.2M+630.0%	-$5.9M-35729.9%	$16K
EPS (Diluted)	$-4.62-340.0%	$-1.05-109.0%	$11.61+0.6%	$11.54+451.8%	$-3.28-285.9%	$-0.85

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EDRY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$219.7M-4.9%	$231.1M+15.8%	$199.5M+23.7%	$161.3M+50.1%	$107.5M-8.6%	$117.7M
Current Assets	$23.3M-3.7%	$24.2M-49.4%	$47.9M+57.5%	$30.4M+402.2%	$6.1M-36.8%	$9.6M
Cash & Equivalents	$6.7M-16.1%	$8.0M-76.5%	$34.0M+26.8%	$26.8M+2761.3%	$938K-82.6%	$5.4M
Inventory	$2.1M-49.1%	$4.1M+289.3%	$1.1M+37.3%	$770K-44.4%	$1.4M+172.3%	$509K
Accounts Receivable	$8.4M+25.1%	$6.7M-5.7%	$7.1M+822.3%	$775K-49.3%	$1.5M-17.1%	$1.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$114.1M+2.3%	$111.6M+30.5%	$85.6M+3.8%	$82.4M+44.6%	$57.0M-6.9%	$61.2M
Current Liabilities	$18.8M-26.4%	$25.5M-6.3%	$27.2M+53.6%	$17.7M-8.1%	$19.3M+72.4%	$11.2M
Long-Term Debt	$95.4M+10.8%	$86.1M+47.6%	$58.4M-9.8%	$64.7M+73.4%	$37.3M-24.9%	$49.7M
Total Equity	$96.7M-11.8%	$109.7M-3.8%	$113.9M+44.4%	$78.9M+128.1%	$34.6M-17.2%	$41.8M
Retained Earnings	$29.0M-30.3%	$41.6M-6.5%	$44.5M+306.9%	$10.9M+159.2%	-$18.5M-67.6%	-$11.0M

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Total Assets	$206.6M-6.0%	$219.7M-4.9%	$231.1M+20.0%	$192.6M-3.5%	$199.5M+12.6%	$177.2M+9.8%	$161.3M+26.1%	$128.0M
Current Assets	$16.8M-28.1%	$23.3M-3.7%	$24.2M-47.7%	$46.3M-3.4%	$47.9M+234.5%	$14.3M-52.9%	$30.4M+68.8%	$18.0M
Cash & Equivalents	$6.2M-7.5%	$6.7M-16.1%	$8.0M-78.2%	$36.7M+7.7%	$34.0M+559.8%	$5.2M-80.8%	$26.8M+215.9%	$8.5M
Inventory	$1.8M-14.0%	$2.1M-49.1%	$4.1M+283.0%	$1.1M+1.7%	$1.1M+32.8%	$796K+3.4%	$770K+4.6%	$736K
Accounts Receivable	$5.2M-38.4%	$8.4M+25.1%	$6.7M+90.0%	$3.5M-50.4%	$7.1M+123.4%	$3.2M+312.9%	$775K-65.8%	$2.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$107.3M-6.0%	$114.1M+2.3%	$111.6M+36.3%	$81.9M-4.3%	$85.6M+15.5%	$74.1M-10.1%	$82.4M+17.9%	$69.9M
Current Liabilities	$18.4M-2.0%	$18.8M-26.4%	$25.5M+66.9%	$15.3M-43.9%	$27.2M+4.7%	$26.0M+46.8%	$17.7M-21.3%	$22.5M
Long-Term Debt	$88.9M-6.8%	$95.4M+10.8%	$86.1M+29.3%	$66.6M+14.2%	$58.4M+21.3%	$48.1M-25.6%	$64.7M+36.6%	$47.4M
Total Equity	$90.5M-6.5%	$96.7M-11.8%	$109.7M-0.9%	$110.7M-2.9%	$113.9M+10.5%	$103.1M+30.6%	$78.9M+75.4%	$45.0M
Retained Earnings	$22.2M-23.4%	$29.0M-30.3%	$41.6M-0.4%	$41.7M-6.1%	$44.5M+38.8%	$32.0M+193.2%	$10.9M+168.0%	-$16.1M

EDRY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$4.8M-59.3%	$11.8M-64.2%	$33.0M-15.7%	$39.1M+1583.0%	$2.3M-84.6%	$15.1M
Capital Expenditures	N/A	N/A	N/A	$36.8M+5925.7%	$611K-45.0%	$1.1M
Free Cash Flow	N/A	N/A	N/A	$2.3M+35.0%	$1.7M-87.8%	$14.0M
Investing Cash Flow	-$8.7M+86.6%	-$65.3M-129.9%	-$28.4M+22.9%	-$36.8M-5925.7%	-$611K+45.0%	-$1.1M
Financing Cash Flow	$1.7M-94.3%	$30.5M+912.7%	$3.0M-86.7%	$22.6M+462.4%	-$6.2M+50.6%	-$12.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.3M-37.3%	$2.0M+1.6%	$2.0M	$0	$0	N/A

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EDRY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	45.8%-11.0pp	56.8%+68.4pp	-11.6%-22.1pp	10.4%
Net Margin	N/A	N/A	45.0%-0.5pp	45.5%+70.4pp	-24.9%-25.0pp	0.1%
Return on Equity	N/A	N/A	29.4%-10.0pp	39.5%	N/A	0.0%
Return on Assets	-6.2%-4.7pp	-1.4%-18.2pp	16.8%-2.5pp	19.3%+24.8pp	-5.5%-5.5pp	0.0%
Current Ratio	1.24+0.3	0.95-0.8	1.76+0.0	1.72+1.4	0.31-0.5	0.86
Debt-to-Equity	0.99+0.2	0.79+0.3	0.51-0.3	0.82-0.3	1.08-0.1	1.19
FCF Margin	N/A	N/A	N/A	3.4%-3.9pp	7.3%-41.4pp	48.6%

Metric	Q2'25	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.91-0.3	1.24+0.3	0.95-2.1	3.03+1.3	1.76+1.2	0.55-1.2	1.72+0.9	0.80
Debt-to-Equity	0.980.0	0.99+0.2	0.79+0.2	0.60+0.1	0.51+0.0	0.47-0.4	0.82-0.2	1.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Eurodry Ltd profitable?

No, Eurodry Ltd (EDRY) reported a net income of -$13.5M in fiscal year 2024.

What is Eurodry Ltd's earnings per share (EPS)?

Eurodry Ltd (EDRY) reported diluted earnings per share of $-4.62 for fiscal year 2024. This represents a -340.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Eurodry Ltd's EBITDA?

Eurodry Ltd (EDRY) had EBITDA of $7.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Eurodry Ltd have?

As of fiscal year 2024, Eurodry Ltd (EDRY) had $6.7M in cash and equivalents against $95.4M in long-term debt.

What is Eurodry Ltd's operating cash flow?

Eurodry Ltd (EDRY) generated $4.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Eurodry Ltd's total assets?

Eurodry Ltd (EDRY) had $219.7M in total assets as of fiscal year 2024, including both current and long-term assets.

Does Eurodry Ltd buy back shares?

Yes, Eurodry Ltd (EDRY) spent $1.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Eurodry Ltd have outstanding?

Eurodry Ltd (EDRY) had 3M shares outstanding as of fiscal year 2024.

What is Eurodry Ltd's current ratio?

Eurodry Ltd (EDRY) had a current ratio of 1.24 as of fiscal year 2024, which is considered adequate.

What is Eurodry Ltd's debt-to-equity ratio?

Eurodry Ltd (EDRY) had a debt-to-equity ratio of 0.99 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eurodry Ltd's return on assets (ROA)?

Eurodry Ltd (EDRY) had a return on assets of -6.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Eurodry Ltd's Piotroski F-Score?

Eurodry Ltd (EDRY) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Eurodry Ltd's earnings high quality?

Eurodry Ltd (EDRY) has an earnings quality ratio of -0.36x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Eurodry Ltd cover its interest payments?

Eurodry Ltd (EDRY) has an interest coverage ratio of -0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.