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HMR

Heidmar Maritime Holdings Corp.

HMR

Heidmar Maritime Holdings Corp. • NASDAQ
$1.12 ▲ 0.00% (+0.00)
Market Cap $65.29 M
52w High $10.04
52w Low $1.09
Dividend Yield 0%
P/E -11.2
Volume 9.29K
Outstanding Shares 58.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $9.578M ▲ $4.71M ▼ $-13.725M ▼ -143.298% ▼ $-0.24 ▼ $-82.112K ▲
Q1-2025 $5.836M ▼ $5.185M ▲ $-6.033M ▼ -103.377% ▼ $-0.1 ▼ $-5.626M ▼
Q2-2024 $7.817M ▼ $4.571M ▲ $144.222K ▼ 1.845% ▼ $0.003 ▼ $590.857K ▼
Q1-2024 $8.627M $2.235M $1.727M 20.015% $0.03 $2.334M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $11.283M ▼ $72.575M ▲ $59.77M ▲ $12.805M ▼
Q1-2025 $19.159M ▼ $47.511M ▲ $21.735M ▲ $25.776M ▲
Q4-2024 $20.03M ▲ $38.121M ▼ $19.906M ▼ $18.215M ▼
Q2-2024 $19.232M ▲ $42.535M ▼ $24.231M ▼ $18.304M ▲
Q4-2023 $18.931M $47.268M $30.858M $16.41M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-5.988M ▼ $-4.119M ▼ $3.256M ▲ $-8.418M ▼ $-8.747M ▼ $-4.12M ▼
Q4-2024 $42.57K ▼ $5.159M ▲ $-3.362M ▼ $-867.962K ▼ $20.03M ▲ $5.156M ▲
Q2-2024 $1.871M $1.601M $-665.367K $-657.223K $0 $1.335M

Five-Year Company Overview

Income Statement

Income Statement Revenue over the last few years is still quite small but has generally trended upward, with a slight step back in the most recent year. Profitability looks modest and somewhat inconsistent: earlier years show clear profits, while the latest year is closer to breakeven. Overall, this reads like a company still in an early or scaling phase, where earnings can swing as it invests in building out its platform and services rather than showing smooth, mature profit patterns.

Balance Sheet

Balance Sheet The balance sheet appears lean and relatively simple. Total assets have edged down a bit, mainly due to slightly lower cash, but debt has come down compared with a few years ago. Equity is fairly stable, suggesting the company has not been aggressively levering up. This fits an asset-light, service-focused model: not a lot of physical assets, moderate use of debt, and a balance sheet that provides some flexibility but not a large financial cushion.

Cash Flow

Cash Flow Operating cash flow has been consistently positive but modest, and free cash flow closely matches it because capital spending has been very low. This supports the picture of an asset-light business that can grow without heavy investment in ships or physical infrastructure. The steady, if small, cash inflows are a strength, but they also underline that the current scale of the business is still relatively limited, leaving less room to absorb big shocks.

Competitive Edge

Competitive Edge Heidmar is positioning itself as a specialized service provider in marine shipping, rather than a traditional ship owner. Its edge comes from long experience, wide relationships in tanker and dry bulk markets, and the ability to offer a full suite of commercial, technical, corporate, and project management services in one place. The capital-light, co-investment approach can be attractive in a cyclical industry because it aims to capture freight market upside without loading the balance sheet with vessels. However, the company still competes in a highly volatile, fragmented market, where freight rates and vessel supply-demand can change quickly, so its advantage rests heavily on relationships, execution, and continued differentiation rather than sheer scale.

Innovation and R&D

Innovation and R&D The core innovation is the in-house eFleetWatch platform, which provides real-time, transparent commercial data to vessel owners. This kind of digital visibility is a key differentiator in an industry that has historically been opaque and relationship-driven. Over many years of refinement, the tool has become a central part of how Heidmar builds trust and adds value. On top of that, the company is innovating in its business model: expanding into new segments like feeder containers and offshore services, and packaging investment, asset management, and bunker purchasing into a more integrated offering. While this is not traditional lab-style R&D, it is meaningful innovation in services, data, and commercial structures, which can deepen its moat if execution remains strong.

Summary

Overall, Heidmar looks like a niche, service-oriented maritime player that is still relatively small in financial terms but trying to punch above its weight through technology, integration, and capital-light growth. The income statement and cash flows show early-stage scale and some earnings volatility rather than mature stability. The balance sheet is straightforward, not heavily indebted, and consistent with its asset-light strategy. Strategically, its main strengths lie in long industry experience, strong networks, an established digital platform, and a one-stop service model spanning commercial, technical, and corporate functions. The main risks are exposure to inherently cyclical shipping markets, modest absolute financial size, and the need to keep proving that its technology and integrated model can deliver durable, profitable growth as it expands into new segments and geographies.

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October 31, 2025 · 4:05 PM UTC

Heidmar Announces Date for the Third Quarter 2025 Results, Conference Call, and Webcast

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