Ardmore Shipping Corp
ASC- Exchange
- NYSE
- Industry
- Deep Sea Foreign Transportation of Freight
- SEC CIK
- 0001577437
No open-market purchases or sales by Ardmore Shipping Corp insiders were filed in the last 90 days; 191 institutions reported holding it in 13F filings for Q2 2026, worth $482.6M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:34 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | $310.2M | $405.8M | $396.0M | $445.7M | $192.5M |
| Interest expense | $6.11M | $6.78M | $11.4M | $15.5M | $16.8M |
| Income tax | $241.0K | $215.0K | $435.0K | $207.0K | $149.6K |
| Net income | $41.0M | $133.0M | $116.8M | $138.5M | -$36.8M |
| EPS, basic | $0.89 | $3.09 | $2.76 | $3.63 | $-1.12 |
| EPS, diluted | $0.88 | $3.06 | $2.71 | $3.52 | $-1.12 |
| Weighted shares, basic | 40.6M | 41.7M | 41.1M | 37.2M | 33.9M |
| Weighted shares, diluted | 40.8M | 42.0M | 41.8M | 38.4M | 33.9M |
| Margins and growth | |||||
| Net margin | 13.2% | 32.8% | 29.5% | 31.1% | -19.1% |
| Revenue growth, year over year | −23.6% | +2.5% | −11.2% | +131.6% | −12.5% |
| Net income growth, year over year | −69.2% | +13.9% | −15.6% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024! | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Accounts receivable | $47.5M | $60.9M | $56.2M | $79.8M | $20.3M |
| Inventory | $8.91M | $11.3M | $12.6M | $15.7M | $11.1M |
| Total current assets | $111.8M | $126.5M | $126.8M | $157.7M | $94.2M |
| Property, plant and equipment | $638.1M | $545.6M | $524.0M | $531.4M | $603.2M |
| Total assets | $788.7M | $704.8M | $691.0M | $723.9M | $724.5M |
| Short-term debt | – | – | $6.44M | $12.9M | $15.1M |
| Total current liabilities | $25.8M | $29.8M | $33.8M | $52.9M | $58.5M |
| Long-term debt | $127.0M | $38.8M | $39.6M | $115.9M | $130.0M |
| Total liabilities | $154.4M | $69.4M | $116.5M | $217.4M | $395.5M |
| Shareholders' equity | $634.3M | $607.6M | $537.4M | $469.4M | $292.0M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | $81.6M | $160.4M | $159.6M | $124.2M | -$2.89M |
| Stock-based compensation | $2.81M | $4.65M | $3.22M | $3.06M | $2.61M |
| Dividends paid | $12.2M | $45.1M | $47.2M | – | – |
| Share buybacks | – | $17.9M | – | – | – |
| Investing cash flow | -$121.0M | -$33.0M | -$26.8M | $35.4M | $1.63M |
| Financing cash flow | $39.2M | -$127.3M | -$136.5M | -$164.5M | -$1.66M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.9% | 1.1% | 0.8% | 0.7% | 1.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Dec 31, 2025 | 40.7M | +0.7% | SEC |
| Dec 31, 2024 | 40.5M | −2.1% | SEC |
| Dec 31, 2023 | 41.3M | +1.7% | SEC |
| Dec 31, 2022 | 40.6M | +18.2% | SEC |
| Dec 31, 2021 | 34.4M | +3.5% | SEC |
| Dec 31, 2020 | 33.2M | +0.3% | SEC |
| Dec 31, 2019 | 33.1M | 0.0% | SEC |
| Dec 31, 2018 | 33.1M | +3.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.