ICON revenueFY2025$11.26M
- FY YoY
- +112.0%
ICON revenue was $11.26M for fiscal 2025 (ended Dec 31, 2025), up 112.0% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
Icon Energy Corp. (ICON) financials
For fiscal 2025 (ended Dec 31, 2025), Icon Energy Corp. reported $11.26M of revenue and -$4.20M of net income.
- Revenue, FY2025
- $11.26M
- Revenue growth, YoY
- +112.0%
- Net income, FY2025
- -$4.20M
- Net margin
- -37.3%
- Free cash flow, FY2025
- -$5.29M
- EPS, diluted, FY2025
- -$18.04
- Cash
- $3.88M
- P/S
- 0.31
- Market cap
- $3.5M
FY2022FY2025
FY2022FY2025
FY2022FY2025
ICON revenue and earnings growth
ICON net incomeFY2025-$4.20M
ICON net income was -$4.20M for fiscal 2025 (ended Dec 31, 2025), compared with -$210.0K in fiscal 2024.
ICON EPSFY2025-$18.04
ICON diluted EPS was -$18.04 for fiscal 2025 (ended Dec 31, 2025).
ICON free cash flowFY2025-$5.29M
ICON free cash flow was -$5.29M for fiscal 2025 (ended Dec 31, 2025), compared with -$17.16M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $11.26M | $5.31M | $4.48M | $7.24M |
| Selling, general and admin | $1.08M | $345.0K | $18.0K | $12.0K |
| Operating income | $180.0K | $170.0K | $1.10M | $4.22M |
| Interest expense | $3.81M | $452.0K | $3.0K | $3.0K |
| Net income | -$4.20M | -$210.0K | $1.16M | $4.24M |
| EPS, basic | -$18.04 | -$304.13 | $1155.00 | $4242.00 |
| EPS, diluted | -$18.04 | -$304.13 | $1155.00 | $4242.00 |
| Diluted shares | 397,776 | 3,903 | 1,000 | 1,000 |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $3.88M | $946.0K | $2.70M | $3.55M |
| Receivables | $278.0K | $0 | - | - |
| Inventory | $314.0K | $133.0K | $57.0K | - |
| Current assets | $5.03M | $1.29M | $3.02M | - |
| Total assets | $58.44M | $28.80M | $12.88M | - |
| Current liabilities | $4.59M | $3.33M | $3.71M | - |
| Total liabilities | $37.07M | $17.05M | $3.71M | - |
| Shareholders' equity | $21.38M | $11.75M | $9.17M | $14.32M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | $799.0K | $864.0K | $2.50M | $3.99M |
| Capital expenditures | $6.09M | $18.02M | $22.0K | $225.0K |
| Free cash flow | -$5.29M | -$17.16M | $2.48M | $3.76M |
| Investing cash flow | -$6.09M | -$18.02M | -$22.0K | -$225.0K |
| Financing cash flow | $8.42M | $15.90M | -$3.33M | -$2.64M |
| Dividends paid | $153.0K | $239.0K | $3.31M | $2.64M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | 112.0% | 18.6% | -38.2% | - |
| Net income growth, YoY | - | - | -72.8% | - |
| EPS growth, YoY | - | - | -72.8% | - |
| Operating margin | 1.6% | 3.2% | 24.7% | 58.3% |
| Net margin | -37.3% | -4.0% | 25.8% | 58.6% |
| Free cash flow margin | -47.0% | -323.2% | 55.5% | 52.0% |
| Return on equity | -19.6% | -1.8% | 12.6% | 29.6% |
| Return on assets | -7.2% | -0.7% | 9.0% | - |
| Current ratio | 1.10 | 0.39 | 0.81 | - |
Source: XBRL data Icon Energy Corp. files with the SEC, latest filing dated Feb 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-5, first reported Feb 24, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
ICON peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ICON | $11.26M | +112.0% | -$4.20M | -37.3% | $3.5M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |
ICON FAQ
8 questionsWhat is ICON revenue?
Icon Energy Corp. (ICON) reported $11.26M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 112.0% from the year before.Is ICON profitable?
No. Icon Energy Corp. reported a net loss of $4.20M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does ICON have?
Icon Energy Corp. reported $3.88M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is ICON revenue growing?
Icon Energy Corp.'s revenue changed +112.0% in fiscal 2025, to $11.26M.What is ICON free cash flow?
Icon Energy Corp. generated -$5.29M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $799.0K less capital expenditures.What is ICON earnings per share?
Diluted earnings per share were -$18.04 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did ICON last report financial results?
The latest statements here come from Icon Energy Corp.'s 20-F filed on Feb 24, 2026, covering the period ended Dec 31, 2025.Where does this ICON financial data come from?
Quantisnow builds these statements from the structured XBRL data Icon Energy Corp. files with the SEC. It is provided for information only and is not investment advice.