7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-06-30 2014-06-30 2014-03-31 
      
    		                                          
      assets
    		                                          
      current assets
    		                                          
      cash and cash equivalents
    		268,302,758 277,921,450 316,877,584 314,532,172 348,628,442 353,286,506 282,507,971 208,460,209 192,044,128 155,548,745 148,797,232 129,816,670 141,286,758 155,518,158 236,758,927 115,807,905 98,105,235 78,254,455 79,330,007 133,593,851 145,059,032 142,933,974 48,389,688 64,691,247 46,419,951 21,717,046 30,838,684 34,947,580 48,244,169 65,291,784 103,505,676 55,633,291 50,844,921 35,363,045 31,839,639 43,581,900 47,321,200 46,411,962 22,034,919 134,715,783 375,149,323 279,131,795 
      trade receivables, net and accrued revenues
    		2,425,518 1,550,709 1,356,827 990,655 1,034,492 728,063 659,567 2,782,267 1,010,622 4,373,141 3,282,256 8,290,143  1,517,245 853,060  347,230 293,053 202,221 432 271,105 201,126 820,846 842,495 1,254,285 1,657,026 1,384,118 8,203 8,203 10,537 336,162 239,390 206,942 2,730 1,382,311 25,580 88,835 107,317 12,542,013 7,295,144   
      due from related parties
    		89,632,474 74,762,042 48,090,301 73,615,519 60,941,092 79,242,331 52,352,942 110,558,735 65,985,317 67,737,508 73,070,095 77,922,053 55,473,796 60,936,121 57,782,831 47,487,533 29,805,770 43,587,076 56,191,375 75,999,872 55,106,691 48,212,850 66,847,701 69,135,975 67,976,602 63,903,755 44,455,643 56,826,894 42,375,930 32,807,418 26,880,720 31,836,058 26,802,209 37,441,188 24,693,405 32,410,570 44,573,756 54,504,359 57,519,736 20,277,717 1,501,397 1,639,497 
      inventories
    		2,387,957 2,410,458 2,508,684 2,348,389 2,430,738 2,375,025 2,393,379 2,573,110 2,684,640 2,377,543 2,642,395 2,612,904 2,341,716 2,189,564 2,266,351 2,361,139 1,780,298 1,972,428 2,007,464 2,130,293 2,175,046 2,142,284 1,996,203 2,222,543 2,321,971 2,137,553 2,111,637 2,146,557 2,146,835 2,832,194 2,012,907 2,019,128 2,542,490 2,458,407 2,886,237 2,070,638 2,132,043 2,288,073 2,123,758 2,370,668 1,502,416 1,058,329 
      prepaid expenses and other current assets
    		19,118,893 15,015,159 13,523,008 12,716,507 13,781,659 14,417,578 14,297,917 14,955,165 15,684,776 11,425,045 8,507,007 9,415,894 9,145,787 10,073,850 10,232,083 8,384,018 10,933,818 12,518,123 10,296,229 6,462,837 6,373,328 4,530,590 3,266,999 3,721,270 4,563,079 3,458,927 3,798,987 3,632,923               
      total current assets
    		381,867,600 371,659,818 382,356,404 415,151,132 439,523,848 465,546,696 368,881,771 339,329,486 277,409,483 241,461,982 236,298,985 228,057,664 208,248,057 230,234,938 307,893,252 217,457,943 146,288,302 180,916,596 153,343,247 218,187,285 209,419,955 216,061,922 139,614,755 143,823,530 124,470,888 92,874,307 82,589,069 97,562,157 95,533,544 103,721,195 135,206,880 92,401,081 82,417,694 77,953,462 62,880,666 80,637,311 96,399,367 105,559,417 98,254,221 166,486,165 415,521,939 315,088,116 
      fixed assets
    		                                          
      vessels
    		1,118,135,047 1,134,400,127 1,149,806,782 1,164,143,821 1,178,842,709 1,193,276,988 1,208,588,213 1,224,003,052 1,238,427,422 1,250,577,538 1,263,928,605 1,193,974,225 1,208,077,346 1,223,273,413 1,238,061,690 1,252,405,737 1,311,063,981 1,326,629,701 1,377,028,255 1,393,340,037 1,409,385,592 1,424,522,713 1,437,658,833 1,447,166,072 1,453,476,869 1,463,827,783 1,478,520,314 1,493,150,911 1,507,941,555 1,523,143,231 1,539,111,833 1,555,034,707 1,571,311,420 1,587,588,137 1,619,392,122 1,634,960,132 1,651,418,843 1,667,224,476 1,604,987,643 656,434,852 192,397,888 194,834,866 
      vessel under construction
    		51,875,781 39,274,822 37,274,863 24,745,465 24,657,708 24,589,655 23,829,678 26,346    26,045,036 25,324,446 24,882,121 16,401,532                            
      total fixed assets
    		1,170,010,828 1,173,674,949 1,187,081,645 1,188,889,286 1,203,500,417 1,217,866,643 1,232,417,891 1,224,029,398 1,238,427,422 1,250,625,751 1,263,976,818 1,220,056,502 1,233,455,199 1,248,249,198 1,254,517,323 1,268,658,006 1,319,229,464 1,334,813,978 1,377,177,091 1,393,453,392 1,409,524,383 1,424,679,026 1,437,844,446 1,447,380,203 1,453,747,821 1,464,077,289 1,478,680,597 1,493,275,918 1,508,097,192 1,523,311,164 1,539,315,511 1,555,242,540 1,571,581,283 1,587,834,765 1,619,778,410 1,635,413,456 1,651,940,553 1,667,815,764 1,632,153,404 1,020,728,663 577,696,218 518,101,976 
      other non-current assets
    		2,806,099 2,806,183 2,799,038 2,795,694 2,588,087 2,584,495 2,585,116 2,536,765 83,418 364,483 469,227 2,134,886 2,182,701 574,078 635,038 94,580 413,528 83,723 82,837 101,454 247,958 438,843 1,573,104 1,729,701 2,171,701 1,665,512 217,097 88,200 89,619 80,349 85,640 82,558 81,616 78,879 93,417 95,284 94,663 95,271 97,454 97,451   
      deferred charges
    		23,920,448 21,392,990 17,237,662 13,967,496 12,060,949 11,633,800 12,544,098 12,162,891 12,278,747 11,196,123 8,367,301 8,945,598 8,451,664 9,139,814 9,839,000 10,537,511 10,658,199 11,372,490 10,158,202 10,084,303 9,396,006 7,978,878 7,336,726 6,235,920 3,687,636 2,267,029 2,000,794 1,750,847 1,880,556 1,526,980 1,574,522 1,693,457 1,875,174 1,900,452 1,886,686 343,474 265,015 24,043,051 24,424,739 17,001,656 943,979 2,555,674 
      derivative instruments
    		1,931,994 2,313,652  946,554 2,025,695 3,872,696 5,139,056 7,628,093 13,698,413 12,137,819 9,278,544 11,359,543 12,059,559 8,966,713 6,512,479 205,869 487,361 776,168 1,100,529  136,633 2,742,980  1,590,000 720,000 1,687,524 6,448,498 10,354,709 17,023,975 15,972,515 14,264,899 7,896,497 4,224,541 3,883,944 4,961,435 19,489,621 26,017,824 21,647,965 1,869,068 11,343,576 14,095,970 14,062,416 
      due from related parties—non-current
    		27,500,000 26,400,000 26,400,000 26,400,000 26,400,000 25,300,000 25,300,000 25,300,000 25,300,000 24,200,000 20,900,000 20,900,000 19,800,000 19,800,000 19,800,000 20,900,000 22,000,000 22,000,000 23,100,000 23,100,000 23,100,000 23,100,000 23,100,000 22,000,000 20,900,000 20,900,000 19,800,000 20,900,000 20,900,000 20,900,000 19,800,000 19,800,000 19,800,000 19,800,000 19,800,000 18,700,000 18,700,000 17,600,000 16,500,000    
      restricted cash—non-current
    		81,427 81,464 76,028 73,466 78,011 75,319 75,798 77,327 74,519 76,220 76,418 75,360 69,853 73,727 77,987 78,946 80,651 82,403 81,241 84,778 81,411 75,035 35,629,261 35,630,353 36,033,743 35,633,962 35,633,962 35,635,252 35,636,008 35,636,500             
      operating lease right-of-use assets
    		172,040,379 150,754,249 159,212,010 167,583,682 175,790,541 183,794,058 191,700,338 199,554,138 207,234,723 152,309,717 158,179,398 38,877,468 4,197,294 6,410,060 8,087,014 10,517,796 12,928,782 15,317,897 17,672,227 20,031,892 22,330,097 24,602,683 26,861,551                    
      total assets
    		1,780,158,775 1,749,083,305 1,778,660,280 1,820,059,163 1,861,241,722 1,911,790,897 1,837,650,165 1,820,335,618 1,784,024,936 1,703,679,199 1,708,913,529 1,530,407,021 1,488,464,327 1,523,448,528 1,607,362,093 1,528,244,782 1,511,598,926 1,564,587,087 1,581,614,845 1,665,043,104 1,674,099,810 1,696,936,387 1,671,959,843 1,657,833,030 1,642,210,973 1,619,105,623 1,625,370,017 1,659,567,083 1,679,160,894 1,701,148,703 1,736,110,156 1,706,199,091 1,698,062,144 1,709,526,648 1,760,213,403 1,786,002,314 1,818,212,387 1,865,926,292 1,823,011,675 1,240,826,724 998,662,136 840,245,766 
      liabilities and shareholders’ equity
    		                                          
      current liabilities
    		                                          
      trade accounts payable
    		6,640,301 14,070,845 11,549,950 9,250,677 9,962,065 7,993,668 10,185,962 11,435,017 12,451,265 11,267,768 10,807,376 9,965,969 8,663,184 7,927,555 9,541,131 9,271,885 9,432,098 14,150,781 9,831,328 11,274,403 12,113,664 11,627,716 13,552,796 13,761,191 10,227,170 8,114,372 7,212,580 5,312,513 7,721,058 8,137,340 6,329,193 5,957,440 5,922,308 4,451,775 5,699,438 5,056,055 6,018,390 6,826,503 9,259,449 7,787,237 3,450,960 2,401,456 
      accrued expenses
    		4,363,434 6,340,991 5,387,465 3,505,020 4,049,030 4,537,580 3,948,420 4,170,170 5,095,067 6,916,466 5,637,725 6,201,359 5,242,403 5,053,515 3,801,448 3,906,423 9,579,112 10,667,824 8,765,264 4,600,415 5,423,768 6,241,676 4,080,952 5,838,090 4,497,239 3,478,456 3,436,116 9,670,170 6,512,098 5,832,861 4,702,808 3,795,365 5,466,683 6,412,584 5,756,643 5,975,359 7,479,144 9,721,477 7,791,482 6,961,617 3,244,216 2,196,386 
      due to related parties
    		1,612,149 277,543 39,339 2,291,072 464,259 7,266 7,283 159,748 17,397 242,778 168,793 6,041,597 25,520 31,535 37,433 360,682 37,434 39,023 117,803 253,463 259,463 2,069,241 436,850 11,162 37,818 11,162 489,644 11,162 11,162 29,712 345,515 55,822 823,486 33,212 556,364 532,788 592,284 708,210 557,297 618,908 330,587 113,465 
      deferred income
    		560,649 620,097 679,257 695,512 1,545,914 556,427 486,868 417,408 2,316,452 278,128 208,558 117,410 808,417 3,604 813,967 1,628,133 613,266 1,042,433 853,983 70,571 276,493 1,468,205 2,068,205 2,076,493 2,897,204 3,962,288 4,258,683 4,558,683 4,724,985 5,007,120 5,564,557 6,391,801 7,387,890 7,610,612 8,110,293 6,581,476 5,984,104 4,606,540 4,704,350 1,122,239 538,577 554,111 
      current portion of long-term operating lease liabilities
    		47,208,465 35,397,877 34,808,203 34,243,891 33,671,870 33,075,348 32,491,122 31,942,176 31,471,560 23,562,139 23,407,555 8,396,020 3,470,816 5,785,527 8,073,364 9,704,781 9,666,997 9,646,563 9,591,447 9,509,871 9,408,049 9,307,708 9,212,589                    
      current portion of long-term debt
    		54,227,830 54,110,683 54,504,778 53,880,102 53,766,642 53,654,384 53,543,315 53,433,423 53,324,694 53,217,116 53,110,676 52,136,738 52,032,537 51,929,438 72,075,571 69,530,028 66,472,664 51,820,283 51,820,283 51,820,283 70,155,283 53,267,783 53,056,125 63,968,414 63,968,414 63,968,414 63,968,414 63,968,414 63,968,414 63,968,414 65,067,569 126,557,191 126,286,358 45,658,482 65,978,786 65,978,785 65,978,785 66,265,643 65,708,060    
      dividends payable
    		386,186 1,027,746 915,150 757,516 532,324 1,406,175 1,149,665 893,155 640,770 1,146,934 1,255,861 1,011,126 754,391 919,643 494,180 247,090 230,090                          
      total current liabilities
    		114,999,014 111,845,782 107,884,142 104,623,790 104,038,324 101,230,848 101,812,635 102,451,097 105,317,205 96,631,329 94,596,544 83,870,219 70,997,268 71,650,817 94,837,094 94,854,891 96,519,022 88,143,075 82,080,637 77,529,006 97,773,353 86,725,309 85,012,959 86,048,873 82,012,691 79,844,505 79,365,437 83,520,942 82,937,717 82,975,447 82,009,642 142,757,619 145,886,725 64,166,665 86,101,524 84,124,463 86,052,707 88,128,373 88,020,638 41,815,630 17,176,340 14,877,418 
      long-term liabilities
    		                                          
      long-term debt—net of current portion and deferred financing fees
    		472,188,449 485,497,697 498,773,969 512,031,157 525,241,805 538,411,109 551,549,215 564,686,247 578,167,289 591,226,676 604,256,670 577,202,083 589,960,853 605,106,749 590,687,387 506,737,795 500,391,565 527,317,928 539,651,761 552,103,044 564,343,412 594,246,205 581,919,094 586,305,003 601,577,085 616,874,541 632,122,372 647,362,343 662,567,722 677,684,689 694,035,583 600,905,936 592,497,785 674,665,830 700,715,644 715,158,576 731,833,039      
      long-term operating lease liabilities
    		124,845,510 115,371,259 124,419,545 133,356,317 142,135,644 150,735,999 159,226,326 167,628,339 175,777,685 128,760,545 134,782,483 30,488,622 732,730 622,769  802,793 3,252,857 5,668,299 8,080,995 10,525,174 12,924,909 15,297,749 17,651,939                    
      other long-term liabilities
    		1,593,201 1,569,042 1,476,439 1,539,051 1,576,174 1,548,006 1,528,906 1,511,619 1,453,542 1,451,940 1,431,510 1,518,817 1,404,016 1,718,858 1,686,197 1,514,183 1,566,886 1,563,914 1,521,260 1,307,164 1,318,204 1,203,136 1,170,824 1,988,049 2,040,668 1,996,900 1,199,650 1,208,060 1,191,390 1,172,243 651,569 576,192 566,932 532,323 427,008 430,949 433,048 447,988 357,308 326,581   
      total long-term liabilities
    		598,627,160 602,437,998 624,669,953 646,926,525 668,953,623 690,695,114 712,304,447 733,826,205 755,398,516 721,439,161 740,470,663 609,209,522 592,097,599 607,448,376 592,373,584 509,198,828 508,130,614 537,895,638 552,708,878 571,741,239 586,735,283 620,258,187 609,894,686 589,759,381 605,826,338 620,181,256 633,322,022 648,570,403 663,759,112 678,856,932 694,687,152 601,482,128 593,163,921 675,608,920 701,212,402 735,079,146 758,283,911 792,198,682 759,635,801    
      total liabilities
    		713,626,174 714,283,780 732,554,095 751,550,315 772,991,947 791,925,962 814,117,082 836,277,302 860,715,721 818,070,490 835,067,207 693,079,741 663,094,867 679,099,193 687,210,678 604,053,719 604,649,636 626,038,713 634,789,515 649,270,245 684,508,636 706,983,496 694,907,645 675,808,254 687,839,029 700,025,761 712,687,459 732,091,345 746,696,829 761,832,379 776,696,794 744,239,747 739,050,646 739,775,585 787,313,926 819,203,609 844,336,618 880,327,055 847,656,439 353,063,043 149,100,310 148,046,334 
      commitments and contingencies
    		                                          
      shareholders’ equity
    		                                          
      preferred stock, 0.01 par value, 50,000,000 shares authorized, none issued nor outstanding
    		                                          
      common stock
    		546,093 543,244 543,244 542,947 542,947 539,950 519,950 519,554 519,554 516,544 516,306 515,960 515,783 513,375 513,217 512,757 512,757 510,873 510,715 594,651 594,500 594,349 590,833 590,783 590,736 588,904 588,826 588,699 588,595 588,497 586,402 586,304 586,207 586,107 583,350 583,246 583,145 580,575 580,575 580,575 577,835 483,650 
      additional paid-in-capital
    		874,240,999 869,281,952 867,524,073 866,076,755 864,375,031 858,357,646 772,714,486 770,720,529 769,336,449 765,159,661 764,383,292 763,547,096 762,502,628 760,764,708 760,105,994 759,390,376 758,711,553 757,423,183 756,776,217 869,673,244 869,143,327 868,736,757 866,809,371 866,429,768 865,778,309 864,889,441 863,583,692 862,295,309 861,065,088 859,740,325 858,109,882 856,948,710 855,671,376 854,495,905 851,827,474 850,666,442 849,598,537 848,179,471 847,223,211    
      treasury stock
    		-137,834,725 -134,926,737 -133,103,957 -131,096,907 -131,096,907 -126,837,239 -126,837,239 -125,670,534 -125,670,534 -123,249,465 -122,896,838 -122,896,838 -122,896,838 -122,198,003 -121,226,936 -121,226,936 -121,209,001 -114,655,294 -99,862,114 -99,862,114 -89,688,467 -88,382,079 -87,183,865 -52,406,243 -43,778,657 -37,468,143 -36,484,561 -36,356,446 -36,356,446 -36,356,446 -35,223,428 -34,982,171 -34,982,171 -34,982,171 -33,897,269 -33,797,281 -32,797,799 -20,943,816 -10,070,645    
      retained earnings
    		329,580,234 299,901,066 311,142,825 332,986,053 354,428,704 387,804,578 377,135,886 338,488,767 279,123,746 243,181,969 231,843,562 196,161,062 185,247,887 205,269,255 280,759,140 285,514,866 268,933,981 295,269,612 289,400,512 245,367,078 209,541,814 209,003,864 196,835,859 167,410,468 131,781,556 91,069,660 84,994,601 100,948,176 107,166,828 115,343,948 135,940,506 139,406,501 137,736,086 149,651,222 154,385,922 149,346,298 156,491,886 157,783,007 137,622,095 41,747,508 6,501,092 2,833,843 
      total shareholders’ equity
    		1,066,532,601 1,034,799,525 1,046,106,185 1,068,508,848 1,088,249,775 1,119,864,935 1,023,533,083 984,058,316 923,309,215 885,608,709 873,846,322 837,327,280 825,369,460 844,349,335 920,151,415 924,191,063 906,949,290 938,548,374 946,825,330 1,015,772,859 989,591,174 989,952,891 977,052,198 982,024,776 954,371,944 919,079,862 912,682,558 927,475,738 932,464,065 939,316,324 959,413,362 961,959,344 959,011,498 969,751,063 972,899,477 966,798,705 973,875,769 985,599,237 975,355,236    
      total liabilities and shareholders’ equity
    		1,780,158,775 1,749,083,305 1,778,660,280 1,820,059,163 1,861,241,722 1,911,790,897 1,837,650,165 1,820,335,618 1,784,024,936 1,703,679,199 1,708,913,529 1,530,407,021 1,488,464,327 1,523,448,528 1,607,362,093 1,528,244,782 1,511,598,926 1,564,587,087 1,581,614,845 1,665,043,104 1,674,099,810 1,696,936,387 1,671,959,843 1,657,833,030 1,642,210,973 1,619,105,623 1,625,370,017 1,659,567,083 1,679,160,894 1,701,148,703 1,736,110,156 1,706,199,091 1,698,062,144 1,709,526,648 1,760,213,403 1,786,002,314 1,818,212,387 1,865,926,292 1,823,011,675    
      available-for-sale debt securities
    		   10,001,336 9,893,579 11,624,497 11,530,939                                    
      restricted cash—current
    		    788,151            5,315,951 5,315,951 5,315,951  434,753 3,060,568 3,370,178 1,620,000                   
      other fixed assets
    		         48,213 48,213 37,241 53,407 93,664 54,101 84,799 105,735 127,211 148,836 113,355 138,791 156,313 185,613 214,131 270,952 249,506 160,283 125,007 155,637 167,933 203,678 207,833 269,863 246,628 386,288 453,324 521,710 591,288 641,880 513,615 100,298 60,904 
      available-for-sale securities
    		       9,717,520 9,518,211 11,307,104 11,366,838                                
      vessel held for sale
    		               43,417,348  38,975,510                         
      vessels under construction
    		               16,167,470 8,059,748 8,057,066                     26,523,881 363,780,196 385,198,032 323,206,206 
      short-term investments
    		                     14,980,530 14,923,140                    
      current portion of long-term operating leases
    		                       393,523 384,846 309,813                 
      restricted cash
    		                        1,215,000      25,862,704 29,082,958 18,081,836 18,075,146 50,812,789 50,812,789 50,812,789 50,812,789 49,712,789 36,512,789 30,948,702 30,948,702 
      prepaid expenses and other receivables
    		                            2,758,407 2,779,262 2,471,415 2,673,214 2,021,132 2,688,092 2,079,074 2,548,623 2,283,533 2,247,706 4,033,795 1,826,853 592,149 343,047 
      long-term debt—net of current portion
    		                                     770,102,729 748,344,288    
      other non‑current assets
    		                                          
      liabilities and shareholders' equity
    		                                          
      current portion of long‑term debt
    		                                       25,325,629 9,612,000 9,612,000 
      long‑term liabilities
    		                                          
      long‑term debt—net of current portion
    		                                       299,577,256 117,828,000 119,106,500 
      total long‑term liabilities
    		                                       311,247,413 131,923,970 133,168,916 
      shareholders' equity
    		                                          
      preferred stock, .01 par value, 50,000,000 shares authorized, none issued nor outstanding
    		                                          
      additional paid‑in‑capital
    		                                       845,435,598 842,482,899 688,881,939 
      total shareholders' equity
    		                                       887,763,681 849,561,826 692,199,432 
      total liabilities and shareholders' equity
    		                                       1,240,826,724 998,662,136 840,245,766 
      trade receivables, net and accrued revenue
    		                                        5,827,952 1,966,746 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.