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PXS

Pyxis Tankers Inc.

PXS

Pyxis Tankers Inc. • NASDAQ
$3.05 ▼ -0.33% (-0.01)
Market Cap $31.98 M
52w High $4.40
52w Low $2.47
Dividend Yield 0%
P/E -152.5
Volume 24.21K
Outstanding Shares 10.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.7M ▲ $3.167M ▼ $1.195M ▲ 12.32% ▲ $0.11 ▲ $4.043M ▲
Q2-2025 $9.151M ▼ $4.377M ▲ $-2.003M ▼ -21.888% ▼ $-0.19 ▼ $1.446M ▼
Q1-2025 $9.605M ▼ $1.397M ▼ $766K ▲ 7.975% ▲ $0.073 ▲ $3.857M ▲
Q4-2024 $12.035M ▼ $3.086M ▲ $314K ▼ 2.609% ▼ $-0.23 ▼ $3.399M ▼
Q3-2024 $13.792M $1.266M $3.712M 26.914% $0.34 $7.208M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $42.903M ▲ $183.758M ▼ $84.372M ▼ $93.279M ▲
Q2-2025 $41.445M ▲ $186.593M ▼ $88.45M ▼ $92.011M ▼
Q1-2025 $40.193M ▲ $188.934M ▲ $88.952M ▼ $93.943M ▲
Q4-2024 $38.243M ▼ $188.881M ▼ $89.217M ▼ $93.376M ▼
Q3-2024 $42.365M $197.976M $90.185M $101.323M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.195M ▲ $3.625M ▲ $-220K ▼ $-1.947M $1.458M ▼ $3.33M ▲
Q2-2025 $-1.91M ▼ $3.272M ▼ $2.927M ▲ $-1.947M ▲ $4.252M ▲ $3.061M ▼
Q1-2025 $517K ▲ $4.279M ▼ $-112K ▲ $-2.217M ▲ $1.95M ▲ $4.135M ▼
Q4-2024 $314K ▼ $6.293M ▲ $-170K ▲ $-10.245M ▼ $-4.122M ▼ $6.123M ▲
Q3-2024 $3.478M $1.874M $-521.669K $-2.72M $-846K $1.874M

Revenue by Products

Product Q2-2019Q4-2019Q2-2020Q4-2020
Revenues Derived from Spot Charters Net
Revenues Derived from Spot Charters Net
 $0 ▲$0 ▲$0 ▲$0 ▲
Revenues Derived from Time Charters Net
Revenues Derived from Time Charters Net
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Pyxis has moved from losses a few years ago to consistent profitability in the last three years. Revenue grew strongly through 2022 and then leveled off, while profit margins improved as the business scaled and costs were kept under control. The peak performance was in 2023, with 2024 still profitable but not as strong, which fits the typical pattern of a cyclical shipping market normalizing after a very good year. Overall, the company now looks like a small but solidly profitable operator, though earnings remain sensitive to freight rates and market swings.

Balance Sheet

Balance Sheet The balance sheet shows gradual growth in the asset base as the fleet has expanded and modernized. Equity has increased meaningfully over time, reflecting accumulated profits and a stronger capital position, though it dipped slightly most recently. Debt levels are material but not extreme for a shipping company, and have moved around as ships are bought and financed. Cash balances are modest, so the company appears more reliant on ongoing cash generation and access to financing than on a large cash cushion, which is important in a volatile industry.

Cash Flow

Cash Flow Operating cash flow has steadily improved, shifting from outflows to consistent inflows in recent years, which supports the picture of a healthier underlying business. However, heavy spending on vessels and upgrades has led to negative free cash flow in most years. In simple terms, the company is using much of the cash it generates to grow and modernize its fleet. This can be positive for long‑term competitiveness, but it also means less financial flexibility if market conditions weaken for an extended period.

Competitive Edge

Competitive Edge Pyxis operates in a very competitive, commodity-like industry, but it has carved out advantages through a relatively young, fuel‑efficient fleet, tight cost control, and long‑standing customer relationships. Its focus on medium‑range product tankers provides flexibility and broad employment options across many trade routes, while diversification into dry bulk adds another earnings lever across cycles. The company’s smaller size limits its scale benefits compared with large global players, yet its lean structure and modern ships can help it compete effectively on both cost and reliability.

Innovation and R&D

Innovation and R&D The company is not a heavy spender on in‑house research, but it is an active adopter of proven technologies that improve efficiency and compliance. This includes fuel‑saving upgrades, exhaust scrubbers to meet emissions rules while using cheaper fuel, and ballast water treatment systems across the fleet. Its emphasis is on keeping a younger, “eco‑efficient” fleet rather than developing new propulsion systems itself. Looking ahead, the main innovation risk and opportunity is how quickly and effectively it adapts to new environmental regulations, cleaner fuels, and digital tools for routing and fleet management.

Summary

Pyxis has transitioned from a loss‑making period into a more stable, profitable phase, helped by a stronger tanker market and a focus on cost control and fleet quality. The balance sheet has strengthened, but ongoing investment in ships means free cash flow is often negative, which raises the importance of continued healthy freight markets and financing access. Competitively, the company benefits from a modern, flexible fleet and experienced management, but it operates in a cyclical, crowded industry with limited pricing power. Its strategy is built around disciplined growth, efficiency upgrades, and environmental compliance rather than breakthrough technology, which can support steady progress but still leaves results highly tied to global shipping cycles and energy trade flows.

NEWS

November 21, 2025 · 8:30 AM UTC

Pyxis Tankers Announces New $3 Million Common Share Re-purchase Program

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November 20, 2025 · 4:05 PM UTC

Pyxis Tankers Announces Financial Results for the Three Months Ended September 30, 2025

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November 19, 2025 · 4:05 PM UTC

Pyxis Tankers Announces Date for the Release of the Third Quarter 2025 Results

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