Oceanpal Inc Financials
Oceanpal Inc (SVRN) reported $25.7M in revenue for fiscal year 2024, up 35.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
A capital-heavy model and deteriorating cost absorption turned FY2024's higher revenue into much deeper cash burn.
FY2024's revenue rebound did not bring operating leverage: operating margin worsened to-70.2% from-40.7% in FY2023. At the same time, operating cash flow flipped to-$3.5M from$815K , which says the business handled more activity with weaker cash economics rather than merely suffering from a one-off accounting charge.
Balance-sheet risk is not being driven by debt: liabilities were only
Capital intensity is doing much of the hidden damage. Depreciation already ran at
Financial Health Signals
Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Oceanpal Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Oceanpal Inc, and counted as zero in the overall score.
Not available for Oceanpal Inc, and counted as zero in the overall score.
Oceanpal Inc scores 0.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.7M) relative to total liabilities ($5.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Oceanpal Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Oceanpal Inc reported a net loss of $17.9M while operations used $3.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Oceanpal Inc reported an operating loss of $18.0M against $109K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Oceanpal Inc generated $25.7M in revenue in fiscal year 2024. This represents an increase of 35.6% from the prior year.
Oceanpal Inc's EBITDA was -$10.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20759.6% from the prior year.
Oceanpal Inc reported -$17.9M in net income in fiscal year 2024. This represents a decrease of 803.5% from the prior year.
Cash & Balance Sheet
Oceanpal Inc recorded an outflow of $22.4M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 531.5% from the prior year.
Oceanpal Inc held $7.2M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
Oceanpal Inc's operating margin was -70.2% in fiscal year 2024, reflecting core business profitability. This is down 29.5 percentage points from the prior year.
Oceanpal Inc's net profit margin was -69.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 59.1 percentage points from the prior year.
Oceanpal Inc's ROE was -21.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 19.0 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
Oceanpal Inc invested $18.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 332.8% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
SVRN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Revenue | $25.7M+35.6% | $19.0M-0.7% | $19.1M | N/A | N/A | N/A |
| SG&A Expenses | $6.2M+17.6% | $5.3M+71.3% | $3.1M | N/A | N/A | N/A |
| Operating Income | -$18.0M-133.7% | -$7.7M-2268.7% | -$326K | N/A | N/A | N/A |
| Interest Expense | $109K-88.0% | $909K | $0 | N/A | N/A | N/A |
| Net Income | -$17.9M-803.5% | -$2.0M-506.4% | -$326K-143.4% | $751K+119.8% | -$3.8M-103.8% | -$1.9M |
| EPS (Diluted) | -$2.64 | -$3.83 | -$17.18 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax.
SVRN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Total Assets | $89.5M-5.7% | $94.8M+20.0% | $79.0M+61.0% | $49.1M | N/A | N/A |
| Current Assets | $14.1M-29.6% | $20.0M+41.4% | $14.2M+342.8% | $3.2M | N/A | N/A |
| Cash & Equivalents | $7.2M-51.8% | $14.8M+75.6% | $8.5M+405.3% | $1.7M+4120.7% | $40K+1969.9% | $2K |
| Inventory | $1.6M+456.8% | $287K-14.1% | $334K+79.6% | $186K | N/A | N/A |
| Accounts Receivable | $3.1M+3.4% | $3.0M-30.3% | $4.3M+424.3% | $811K | N/A | N/A |
| Total Liabilities | $5.1M+122.7% | $2.3M-7.0% | $2.5M+164.1% | $931K | N/A | N/A |
| Current Liabilities | $5.1M+122.7% | $2.3M-7.0% | $2.5M+164.1% | $931K | N/A | N/A |
| Total Equity | $84.4M-8.8% | $92.6M+20.9% | $76.6M+59.0% | $48.1M | N/A | N/A |
| Retained Earnings | -$25.9M-223.0% | -$8.0M-245.5% | -$2.3M-3670.8% | $65K | N/A | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
SVRN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.5M-533.1% | $815K-46.1% | $1.5M-52.4% | $3.2M+216.8% | -$2.7M-289.2% | $1.4M |
| Capital Expenditures | $18.9M+332.8% | $4.4M-14.3% | $5.1M+21258.5% | $24K-98.4% | $1.5M | $0 |
| Free Cash Flow | -$22.4M-531.5% | -$3.6M+0.8% | -$3.6M-213.4% | $3.2M+175.2% | -$4.2M-391.6% | $1.4M |
| Investing Cash Flow | -$2.5M+58.2% | -$6.0M-18.0% | -$5.1M-21258.5% | -$24K+98.4% | -$1.5M | $0 |
| Financing Cash Flow | -$1.6M-114.1% | $11.6M+11.8% | $10.4M+424.1% | -$3.2M-175.5% | $4.2M+381.6% | -$1.5M |
| Dividends Paid | N/A | N/A | $3.1M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
SVRN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|
| Operating Margin | -70.2%-29.5pp | -40.7%-39.0pp | -1.7% | N/A | N/A | N/A |
| Net Margin | -69.5%-59.1pp | -10.4%-8.7pp | -1.7% | N/A | N/A | N/A |
| Return on Equity | -21.2%-19.0pp | -2.1%-1.7pp | -0.4%-2.0pp | 1.6% | N/A | N/A |
| Return on Assets | -20.0%-17.9pp | -2.1%-1.7pp | -0.4%-1.9pp | 1.5% | N/A | N/A |
| Current Ratio | 2.77-6.0x | 8.77+3.0x | 5.76+2.3x | 3.44 | N/A | N/A |
| Debt-to-Equity | 0.060.0x | 0.020.0x | 0.030.0x | 0.02 | N/A | N/A |
| FCF Margin | -87.3%-68.5pp | -18.7%0.0pp | -18.8% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Where Oceanpal Inc Ranks
Frequently Asked Questions
What is Oceanpal Inc's annual revenue?
Oceanpal Inc (SVRN) reported $25.7M in total revenue for fiscal year 2024. This represents a 35.6% 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 Oceanpal Inc's revenue growing?
Oceanpal Inc (SVRN) revenue grew by 35.6% year-over-year, from $19.0M to $25.7M in fiscal year 2024.
Is Oceanpal Inc profitable?
No, Oceanpal Inc (SVRN) reported a net income of -$17.9M in fiscal year 2024, with a net profit margin of -69.5%.
What is Oceanpal Inc's EBITDA?
Oceanpal Inc (SVRN) had EBITDA of -$10.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Oceanpal Inc's operating margin?
Oceanpal Inc (SVRN) had an operating margin of -70.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Oceanpal Inc's net profit margin?
Oceanpal Inc (SVRN) had a net profit margin of -69.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Oceanpal Inc's return on equity (ROE)?
Oceanpal Inc (SVRN) has a return on equity of -21.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Oceanpal Inc's free cash flow?
Oceanpal Inc (SVRN) recorded an outflow of $22.4M in free cash flow during fiscal year 2024. This represents a -531.5% 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 Oceanpal Inc's operating cash flow?
Oceanpal Inc (SVRN) recorded an outflow of $3.5M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Oceanpal Inc's total assets?
Oceanpal Inc (SVRN) had $89.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oceanpal Inc's capital expenditures?
Oceanpal Inc (SVRN) invested $18.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Oceanpal Inc's current ratio?
Oceanpal Inc (SVRN) had a current ratio of 2.77 as of fiscal year 2024, which is generally considered healthy.
What is Oceanpal Inc's debt-to-equity ratio?
Oceanpal Inc (SVRN) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oceanpal Inc's return on assets (ROA)?
Oceanpal Inc (SVRN) had a return on assets of -20.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oceanpal Inc's cash runway?
Based on fiscal year 2024 data, Oceanpal Inc (SVRN) had $7.2M in cash against an annual operating cash burn of $3.5M. This gives an estimated cash runway of approximately 24 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Oceanpal Inc's Altman Z-Score?
Oceanpal Inc (SVRN) has an Altman Z-Score of 0.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Oceanpal Inc's Piotroski F-Score?
Oceanpal Inc (SVRN) has a Piotroski F-Score of 2 out of 7 computable signals; 2 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.
Are Oceanpal Inc's earnings high quality?
Oceanpal Inc (SVRN) reported a net loss of $17.9M while operations used $3.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Oceanpal Inc cover its interest payments?
Oceanpal Inc (SVRN) reported an operating loss of $18.0M against $109K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
How financially healthy is Oceanpal Inc?
Oceanpal Inc (SVRN) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.