# C3is Inc. (CISS)

Source page: https://stoqly.net/companies/ciss

- **Ticker:** CISS (Nasdaq)
- **Sector:** Industrials / Deep Sea Foreign Transportation Of  Freight
- **SEC CIK:** 0001951067
- **Latest annual report:** 20-F filed 2026-04-22 (https://www.sec.gov/Archives/edgar/data/1951067/000119312526170448/d108558d20f.htm)
- **Data updated:** 2026-11-09

## What the company does

C3is provides international sea transport for drybulk cargoes and oil. Its three drybulk carriers move major cargoes such as iron ore, coal and grains, and smaller cargoes such as bauxite, phosphate and fertilizers. Its fleet also includes an Aframax crude oil tanker and two MR product tankers being added to the fleet. Customers include national and private industrial users, commodity producers and traders, and oil producers and refiners.

C3is earns revenue by chartering its vessels to customers. Drybulk carriers operate on time charters, which pay a daily rate for use of a ship, or on spot voyages; tankers are mostly employed in the spot market or on short-term charters. Spot work can bring less predictable revenue as rates change with market conditions. The fleet trades globally, including in the Middle East-Far East range, the Mediterranean, North West Europe, Africa, the USA and Latin America. Four customers accounted for 65% of total revenues in 2025.

C3is owns its vessels and uses its Greek affiliate Brave Maritime for technical, administrative and commercial management, including crewing, maintenance and chartering. Hellenic Manning Overseas, an affiliated entity based in Manila, provides crews under Brave Maritime’s management. C3is is based in Athens, Greece.

## Key figures

- **Last close:** $1.80 on 2026-11-13 (+2.86% on the day)
- **Market cap:** $0.6M
- **P/E (trailing):** 0.5x
- **EPS, trailing 12 months:** $3.98
- **Revenue (FY2025):** $34.8M
- **Revenue growth:** −17.8%
- **Operating margin:** 3.9%
- **Net margin:** 30.1%
- **Free cash flow:** $3.8M
- **Free cash flow margin:** 11.0%
- **Return on equity:** 12.6%
- **Change in share count:** +1,422.2%
- **Piotroski F-score:** 4/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/ciss/figures.csv

| US$ millions | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|
| Revenue | 29 | 42 | 35 |
| Operating income | 10 | 10 | 1 |
| Net income | 9 | -3 | 10 |
| Diluted EPS (US$) | 18,911.99 | -351.58 | 3.98 |
| Operating cash flow | 6 | 25 | 4 |
| Free cash flow | 1 | 23 | 4 |
| Cash | 1 | 5 | 1 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.