C3is Inc.
CISS Nasdaq· Deep Sea Foreign Transportation Of Freight
Last close · Nov 13, 2026
$1.80
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $42.3M | $34.8M | 17.8% |
| Net income | −$2.7M | $10.5M | — |
| Diluted EPS | −$351.58 | $3.98 | — |
| Operating margin | 23.8% | 3.9% | 19.9 pts |
| Free cash flow | $23.4M | $3.8M | 83.6% |
Key numbers, fiscal 2025
Market cap
$0.6M
P/E
0.5x
Revenue
$34.8M
Net income
$10.5M
Free cash flow
$3.8M
Operating margin
3.9%
C3is Inc. in 30 seconds fiscal 2025
Are sales growing?
−17.8%
No. Sales fell 17.8% last year.
Does it make a profit?
30.1%
Yes. It keeps 30.1% of every sale as profit.
Does profit turn into cash?
11.0%
Yes. 11.0% of sales ends up as free cash.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
0.5x
One share costs 0.5 times its yearly profit per share.
What C3is Inc. 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.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 22, 2026
- Legal name
- C3is Inc.
- CIK
- 0001951067
C3is Inc. · CISS · stoqly.net
Results and finances
The last 3 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $28.7M | $42.3M | $34.8M |
| Revenue growth | — | 47.2% | −17.8% |
| Operating margin | 36.3% | 23.8% | 3.9% |
| Net income | $9.3M | −$2.7M | $10.5M |
| Net margin | 32.3% | −6.5% | 30.1% |
| Diluted EPS | $18,911.99 | −$351.58 | $3.98 |
| Cash | |||
| Cash from operations | $5.6M | $25.0M | $4.0M |
| Capital expenditure | $4.3M | $1.6M | $0.2M |
| Free cash flow | $1.3M | $23.4M | $3.8M |
| FCF margin | 4.7% | 55.2% | 11.0% |
| Share count change | — | 4,500.0% | 1,422.2% |
| Debt and strength | |||
| Cash and short-term investments | $0.7M | $4.6M | $0.6M |
| Shareholders' equity | $55.5M | $71.4M | $95.1M |
| Current ratio | 0.5x | 0.9x | 6.2x |
| Returns and quality | |||
| Return on equity | 16.7% | −4.3% | 12.6% |
| Return on tangible equity | 15.4% | −11.3% | 4.4% |
| Piotroski F-score | — | 4 | 4 |
| Altman Z'' | 1.1 | 3.1 | 30.9 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
C3is Inc. · CISS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001951067). Latest version: stoqly.net/companies/ciss. Data updated November 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.