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RBNE

Robin Energy Ltd.

RBNE

Robin Energy Ltd. • NASDAQ
$0.81 ▲ 0.89% (+0.01)
Market Cap $11.41 M
52w High $24.65
52w Low $0.67
Dividend Yield 0%
P/E 40.66
Volume 86.92K
Outstanding Shares 14.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $1.308M ▼ $554.621K ▼ $282.87K ▲ 21.63% ▲ $0.12 ▲ $656.482K ▲
Q3-2024 $1.441M ▲ $1.658M ▲ $-593.707K ▲ -41.195% ▼ $-0.25 ▲ $-280.041K ▲
Q4-2023 $-2.533M ▼ $-603.598K ▼ $-1.543M ▼ 60.924% ▲ $-0.65 ▼ $-1.308M ▼
Q3-2023 $3.743M $1.654M $1.616M 43.164% $0.677 $2.043M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $369 ▲ $21.582M ▼ $470.158K ▼ $21.112M ▲
Q3-2024 $318 ▼ $21.837M ▲ $881.99K ▼ $20.955M ▲
Q2-2024 $368 ▲ $21.717M ▼ $1.135M ▲ $20.582M ▼
Q4-2023 $351 $27.592M $708.715K $26.883M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-197.011K ▼ $-352.47K ▲ $-1.566K ▲ $354.087K ▼ $51 ▲ $-354.036K ▲
Q3-2024 $-113.826K ▼ $-453.727K ▲ $-33.148K ▼ $486.825K ▲ $-50 ▼ $-486.875K ▲
Q4-2023 $10.112M ▲ $-1.862M ▼ $17.173M ▲ $-15.311M ▼ $-17 ▼ $-1.893M ▼
Q3-2023 $1.616M $-188.637K $-2.429K $191.066K $0 $-191.066K

Five-Year Company Overview

Income Statement

Income Statement Robin Energy’s reported income statement is still more of a shell-company snapshot than a mature operating history. Revenue is tiny and fairly flat so far, reflecting that commercial operations are only just getting going. Profit figures look surprisingly strong on paper, but they are likely distorted by the SPAC and spin-off structure, not by a well-established, stable business. In simple terms: the past numbers don’t yet tell a reliable story about how profitable the shipping business itself will be once fully up and running.

Balance Sheet

Balance Sheet The balance sheet is small and simple, with a light asset base and funded mainly by equity rather than borrowings. The company shows no financial debt, which lowers financial risk and gives it room to take on leverage later if needed. On the other hand, limited assets and cash mean it is still in a very early scale phase and may be more exposed if the market turns or growth moves slower than planned. The decision to use Bitcoin as a treasury asset adds another layer of balance-sheet volatility on top of a still-developing asset base.

Cash Flow

Cash Flow Cash flows are modest and a bit uneven, which is normal for a young, growth-focused shipping company. Operating cash flow has swung between small outflows and small inflows, and capital spending has been limited so far, suggesting that the heavier investment cycle may still be ahead as the fleet expands. Free cash flow today doesn’t provide a clear, steady pattern; instead, it signals a business that is still ramping up and may need ongoing access to external capital or strong chartering markets to fund future fleet growth.

Competitive Edge

Competitive Edge Robin Energy is a very small player in a large, global shipping market dominated by much bigger and more diversified competitors. Its edge comes from operating a modern, fuel-efficient fleet and focusing on niche segments like Handysize tankers and LPG carriers, which can open doors to smaller ports and specialized cargoes. Running debt-free gives it flexibility and resilience compared with more leveraged peers. However, its tiny scale, short track record, and dependence on a few vessels limit its bargaining power with customers and leave it more exposed to swings in freight rates and vessel availability.

Innovation and R&D

Innovation and R&D The company’s innovation is more strategic than technological. It is building a relatively young, efficient fleet that naturally meets stricter environmental and operational standards better than older ships. On the financial side, the decision to hold Bitcoin as a core treasury asset is highly unconventional for shipping and could be seen as either forward-thinking or risky, depending on one’s view of digital assets. So far there is little evidence of heavy investment in proprietary shipping technology or formal R&D; any future “green shipping” or solar-related initiatives remain more of an aspiration than an operational reality at this stage.

Summary

Robin Energy is an emerging, fleet-based shipping business that has only recently stepped out from a SPAC structure into regular operations. Its current financial statements are small and somewhat noisy, giving only a limited view of its true earning potential. The balance sheet is clean and debt-free but also lean, with added volatility from the Bitcoin treasury strategy. Cash flows are still settling and reflect an early-stage growth profile rather than a mature cash-generating platform. Competitively, the company leans on a modern, niche-focused fleet and financial discipline but faces the usual scale disadvantages of a newcomer. Future performance will depend heavily on how effectively it can grow and deploy its fleet, manage freight-rate cycles, and execute on its unconventional financial and potential “green” initiatives.

NEWS

November 13, 2025 · 9:25 AM UTC

Robin Energy Ltd. Announces Availability of its Financial Results for the Three and Nine Months ended September 30, 2025

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October 24, 2025 · 9:00 AM UTC

Robin Energy Ltd. Announces Pricing of $7.0 Million Registered Direct Offering

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September 16, 2025 · 9:15 AM UTC

Robin Energy Ltd. Announces the Acquisition of its Third Vessel

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September 11, 2025 · 8:30 AM UTC

Robin Energy Announces Pricing of $7.5 Million Public Offering of Common Stock

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September 10, 2025 · 9:10 AM UTC

Robin Energy Ltd. Completes its Announced Initial Bitcoin Allocation

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