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Pyxis Tankers (PXSAW) Financials

PXSAW
FY2025 annual
Revenue $39.0M -24.3% YoY
Net Income $2.0M -84.5% YoY
EPS (Diluted) $0.19 -79.1% YoY
Operating Cash Flow $13.6M -27.8% YoY
Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed May 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PXSAW SEC filings page.

Pyxis Tankers (PXSAW) reported $39.0M in revenue for fiscal year 2025, down 24.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).

Rhea AI PXSAW FY2025

PXSAW’s dominant mechanic is cyclical profitability paired with heavy reinvestment, not a steadily scaling earnings engine.

In FY2023 and FY2024, operating cash flow stayed positive while free cash flow was negative in both years, indicating that capital spending absorbed the cash produced by operations. That pattern makes reported earnings less representative of discretionary cash generation and points to a capital-intensive operating model.

FY2025’s revenue contraction coincided with operating margin falling from 32.5% to 15.2%, so weaker volume was accompanied by weaker profit conversion rather than fixed-cost absorption. SG&A also rose from $3.0M to $6.1M, adding pressure while sales declined.

Despite weaker earnings, total assets increased to $193.4M in FY2025 while long-term debt reached $79.3M, suggesting expansion was financed partly with borrowing rather than solely retained profits. Short-term coverage remains comparatively ample at a 4.4x current ratio, even though debt-to-equity is higher than in FY2023.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Pyxis Tankers does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
5/8

Pyxis Tankers passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
6.82x

For every $1 of reported earnings, Pyxis Tankers generates $6.82 in operating cash flow ($13.6M OCF vs $2.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.02x

Pyxis Tankers earns $1.02 in operating income for every $1 of interest expense ($5.9M vs $5.8M). 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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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$35.6M
YoY+67.4%
QoQ+29.6%
5Y CAGR+53.9%

Pyxis Tankers held $35.6M in cash against $79.3M in long-term debt as of Q4 2025.

Shares Outstanding
10M
YoY-1.3%
QoQ-0.6%

Pyxis Tankers had 10M shares outstanding in Q4 2025. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

PXSAW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PXSAW quarterly income statement
MetricQ4'2510-KQ2'2510-QQ4'2410-KQ2'24Q4'23Q2'23Q4'22Q3'22

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

PXSAW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PXSAW quarterly balance sheet
MetricQ4'2510-KQ2'2510-QQ4'2410-KQ2'24Q4'23Q2'23Q4'22Q3'22
Total Assets$193.4M+2.4%$186.6M-6.0%$188.9M+13.6%$198.6M+45.2%$166.3M+19.7%$136.7M+0.7%$139.0M-2.5%$138.1M
Current Assets$56.6M+22.8%$46.1M-9.8%$46.1M-24.2%$51.1M+34.5%$60.9M+188.1%$38.0M+154.3%$21.1M+10.6%$18.7M
Cash & Equivalents$35.6M+67.4%$27.4M+8.0%$21.2M-38.5%$25.4M-20.7%$34.5M+356.7%$32.0M+781.4%$7.6M+22.4%$4.3M-45.1%
Inventory$536K-71.6%$1.4M-32.1%$1.9M+97.4%$2.1M+146.0%$957K-49.9%$858K-75.2%$1.9M+22.0%$2.8M
Accounts Receivable$2.0M-60.2%$2.5M-52.6%$5.0M+1.5%$5.2M+25.8%$5.0M-52.6%$4.1M-21.3%$10.5M+510.1%$9.0M
Total Liabilities$98.3M+2.9%$94.6M-5.8%$95.5M+36.9%$100.4M+57.0%$69.8M-10.1%$63.9M-25.7%$77.6M-17.2%$83.2M
Current Liabilities$12.7M+4.0%$15.3M+18.9%$12.3M+21.5%$12.9M+21.9%$10.1M-19.7%$10.5M-41.5%$12.6M-45.0%$16.7M
Non-Current Liabilities$79.3M+3.0%$73.2M-9.5%$77.0M+39.0%$80.8M+51.4%$55.4M-14.9%$53.4M-21.5%$65.0M-8.2%$66.5M
Long-Term Debt$79.3M+3.0%$73.2M-9.5%$77.0M+39.0%$80.8M+51.4%$55.4M-6.2%$53.4M-13.8%$59.0M-9.0%$60.5M
Total Equity$95.2M+1.9%$92.0M-6.3%$93.4M-3.3%$98.2M+34.9%$96.5M+57.3%$72.8M+46.2%$61.4M+25.6%$54.9M+4.7%
Retained Earnings-$2.7M+42.7%-$5.9M-1.5%-$4.7M+67.3%-$5.8M+85.1%-$14.3M+71.7%-$39.0M+37.1%-$50.5M+19.9%-$57.0M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.

PXSAW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PXSAW quarterly cash flow statement
MetricQ4'2510-KQ2'2510-QQ4'2410-KQ2'24Q4'23Q2'23Q4'22Q3'22
Operating Cash FlowN/AN/AN/AN/AN/AN/A$5.1M+101.7%$2.4M+204.6%
Capital ExpendituresN/AN/AN/AN/AN/AN/A$0-100.0%$0-100.0%
Free Cash FlowN/AN/AN/AN/AN/AN/A$5.1M+124.9%$2.4M+112.5%
Investing Cash FlowN/AN/AN/AN/AN/AN/A-$6K+100.0%$0+100.0%
Financing Cash FlowN/AN/AN/AN/AN/AN/A-$1.8M-108.9%-$1.8M-110.3%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.

PXSAW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PXSAW quarterly financial ratios
MetricQ4'2510-KQ2'2510-QQ4'2410-KQ2'24Q4'23Q2'23Q4'22Q3'22
Current Ratio4.45+0.7x3.02-1.0x3.76-2.3x3.98+0.4x6.04+4.4x3.60+2.8x1.68+0.8x1.12
Debt-to-Equity0.830.0x0.800.0x0.82+0.3x0.82+0.1x0.57-0.4x0.73-0.5x0.96-0.4x1.10

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Frequently Asked Questions

What is Pyxis Tankers's annual revenue?

Pyxis Tankers (PXSAW) reported $39.0M in total revenue for fiscal year 2025. This represents a -24.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pyxis Tankers's revenue growing?

Pyxis Tankers (PXSAW) revenue declined by 24.3% year-over-year, from $51.5M to $39.0M in fiscal year 2025.

Is Pyxis Tankers profitable?

Yes, Pyxis Tankers (PXSAW) reported a net income of $2.0M in fiscal year 2025, with a net profit margin of 5.1%.

Pyxis Tankers (PXSAW) reported diluted earnings per share of $0.19 for fiscal year 2025. This represents a -79.1% 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.

Pyxis Tankers (PXSAW) had EBITDA of $13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Pyxis Tankers (PXSAW) had $35.6M in cash and equivalents against $79.3M in long-term debt.

Pyxis Tankers (PXSAW) had an operating margin of 15.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Pyxis Tankers (PXSAW) had a net profit margin of 5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Pyxis Tankers (PXSAW) has a return on equity of 2.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Pyxis Tankers (PXSAW) generated $13.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Pyxis Tankers (PXSAW) had $193.4M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Pyxis Tankers (PXSAW) spent $472K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Pyxis Tankers (PXSAW) had 10M shares outstanding as of fiscal year 2025.

Pyxis Tankers (PXSAW) had a current ratio of 4.45 as of fiscal year 2025, which is generally considered healthy.

Pyxis Tankers (PXSAW) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Pyxis Tankers (PXSAW) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Pyxis Tankers (PXSAW) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Pyxis Tankers (PXSAW) has an earnings quality ratio of 6.82x, considered cash-backed (high 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.

Pyxis Tankers (PXSAW) has an interest coverage ratio of 1.02x, 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.

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