Icon Energy Corp. Financials
This page shows Icon Energy Corp. (ICON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Icon Energy Corp. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Icon Energy Corp. generates $-4.11 in operating cash flow ($864K OCF vs -$210K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Icon Energy Corp. earns $0.4 in operating income for every $1 of interest expense ($170K vs $452K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Icon Energy Corp.'s EBITDA was $1.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.2% from the prior year.
Icon Energy Corp. generated -$17.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 791.1% from the prior year.
Icon Energy Corp. reported -$210K in net income in fiscal year 2024. This represents a decrease of 118.2% from the prior year.
Icon Energy Corp. earned $-60.83 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 126.3% from the prior year.
Icon Energy Corp. held $946K in cash against $0 in long-term debt as of fiscal year 2024.
Icon Energy Corp. paid $6.60 per share in dividends in fiscal year 2024. This represents a decrease of 99.0% from the prior year.
Icon Energy Corp. had 36,250 shares outstanding in fiscal year 2024. This represents an increase of 625.0% from the prior year.
Icon Energy Corp. invested $18.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 81831.8% from the prior year.
ICON Income Statement
| Metric | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
ICON Balance Sheet
| Metric | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $58.7M+103.7% | $28.8M+123.5% | $12.9M |
| Current Assets | $4.7M+262.7% | $1.3M-57.3% | $3.0M |
| Cash & Equivalents | $3.8M+300.5% | $946K-65.0% | $2.7M |
| Inventory | $294K+121.1% | $133K+133.3% | $57K |
| Accounts Receivable | $160K | $0 | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $38.2M+124.1% | $17.0M+359.2% | $3.7M |
| Current Liabilities | $4.4M+31.6% | $3.3M-10.3% | $3.7M |
| Long-Term Debt | N/A | N/A | N/A |
| Total Equity | $20.5M+74.2% | $11.7M+28.1% | $9.2M |
| Retained Earnings | -$3.6M-2885.9% | $128K-77.8% | $577K |
ICON Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
ICON Financial Ratios
| Metric | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 1.07+0.7 | 0.39-0.4 | 0.81 |
| Debt-to-Equity | 1.87+0.4 | 1.45+1.0 | 0.41 |
| FCF Margin | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.39), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Icon Energy Corp. profitable?
No, Icon Energy Corp. (ICON) reported a net income of -$210K in fiscal year 2024.
What is Icon Energy Corp.'s earnings per share (EPS)?
Icon Energy Corp. (ICON) reported diluted earnings per share of $-60.83 for fiscal year 2024. 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 Icon Energy Corp.'s EBITDA?
Icon Energy Corp. (ICON) had EBITDA of $1.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
Does Icon Energy Corp. pay dividends?
Yes, Icon Energy Corp. (ICON) paid $6.60 per share in dividends during fiscal year 2024.
What is Icon Energy Corp.'s free cash flow?
Icon Energy Corp. (ICON) generated -$17.2M in free cash flow during fiscal year 2024. This represents a -791.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Icon Energy Corp.'s operating cash flow?
Icon Energy Corp. (ICON) generated $864K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Icon Energy Corp.'s total assets?
Icon Energy Corp. (ICON) had $28.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Icon Energy Corp.'s capital expenditures?
Icon Energy Corp. (ICON) invested $18.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Icon Energy Corp. have outstanding?
Icon Energy Corp. (ICON) had 36,250 shares outstanding as of fiscal year 2024.
What is Icon Energy Corp.'s current ratio?
Icon Energy Corp. (ICON) had a current ratio of 0.39 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Icon Energy Corp.'s debt-to-equity ratio?
Icon Energy Corp. (ICON) had a debt-to-equity ratio of 1.45 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Icon Energy Corp.'s return on assets (ROA)?
Icon Energy Corp. (ICON) had a return on assets of -0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Icon Energy Corp.'s Piotroski F-Score?
Icon Energy Corp. (ICON) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Icon Energy Corp.'s earnings high quality?
Icon Energy Corp. (ICON) has an earnings quality ratio of -4.11x, 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 Icon Energy Corp. cover its interest payments?
Icon Energy Corp. (ICON) has an interest coverage ratio of 0.4x, 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.