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EuroDry Ltd. logo

EuroDry Ltd.

EDRY

NASDAQIndustrialsMarine Shipping

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$46.85

+$3.42 · +7.87%

Aug 21, 4:00 PM ET

EDRY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

77

Gaining

Sentiment

53

Mixed

Risk resilience

46

Elevated Risk

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Company profile

Company website

EuroDry Ltd., a global marine shipping firm founded in 2018 and based in Marousi, Greece, provides worldwide ocean-going transport services through its subsidiaries. The company owns and manages a fleet of dry bulk carriers. These vessels are primarily used to transport major bulk commodities like iron ore, coal, and grains, alongside minor bulk cargo such as bauxite, phosphate, and fertilizers. As of March 31, 2022, its operational fleet consisted of ten dry bulk ships—specifically, five Panamax, two Ultramax, two Kamsarmax, and one Supramax—boasting a combined cargo capacity of 726,555 deadweight tons.

Industry
Marine Shipping
Sector
Industrials
Headquarters
GR
CEO
Aristides J. Pittas
Listed since
Jun 1, 2018
Employees
252

Market position

Day range

Current $46.85

52-week range

Current $46.85

Open
$44.13
Previous close
$43.43
Volume
136.9K
2.33× average
Average volume
58.79K
Average daily volume
Market cap
135.42M USD
Beta
0.64
Market reference 1
50-day average
$27.1511
+72.55% above average
200-day average
$19.6688
+138.19% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
115.76M USD
P/E (TTM)
13.98×
P/B (TTM)
1.3×
P/S (TTM)
2.17×
EV / EBITDA
7.31×
Earnings yield
-12.06%
Free cash flow yield
15.26%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
36.62%
Operating margin
24.49%
Net margin
15.02%
Return on equity
-4.57%
Return on assets
-2.01%
Return on invested capital
-0.57%

Financial health

Debt / equity
0.97×
Current ratio
1.53×
Altman Z-score
1.6
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends77%43%9%-24%Gross margin, FY2021: 68.24%Gross margin, FY2022: 53.15%Gross margin, FY2023: 17.80%Gross margin, FY2024: 34.07%Gross margin, FY2025: 12.27%Operating margin, FY2021: 60.35%Operating margin, FY2022: 48.61%Operating margin, FY2023: 3.35%Operating margin, FY2024: -5.48%Operating margin, FY2025: -2.24%Net margin, FY2021: 48.34%Net margin, FY2022: 47.79%Net margin, FY2023: -6.11%Net margin, FY2024: -15.81%Net margin, FY2025: -8.16%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 68.24%. Gross margin FY2022 53.15%. Gross margin FY2023 17.80%. Gross margin FY2024 34.07%. Gross margin FY2025 12.27%. Operating margin FY2021 60.35%. Operating margin FY2022 48.61%. Operating margin FY2023 3.35%. Operating margin FY2024 -5.48%. Operating margin FY2025 -2.24%. Net margin FY2021 48.34%. Net margin FY2022 47.79%. Net margin FY2023 -6.11%. Net margin FY2024 -15.81%. Net margin FY2025 -8.16%.

Income trends

Revenue

52.26M USD-14.44%

Operating income

−1.17M USD+65.01%

Net income

−4.26M USD+55.84%
Income trends across reported periods78.17M USD46.23M USD14.3M USD−17.64M USDRevenue, FY2021: 64.44M USDRevenue, FY2022: 70.18M USDRevenue, FY2023: 47.59M USDRevenue, FY2024: 61.08M USDRevenue, FY2025: 52.26M USDOperating income, FY2021: 38.89M USDOperating income, FY2022: 34.12M USDOperating income, FY2023: 1.59M USDOperating income, FY2024: −3.35M USDOperating income, FY2025: −1.17M USDNet income, FY2021: 31.15M USDNet income, FY2022: 33.54M USDNet income, FY2023: −2.91M USDNet income, FY2024: −9.66M USDNet income, FY2025: −4.26M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 64.44M USD. Revenue FY2022 70.18M USD. Revenue FY2023 47.59M USD. Revenue FY2024 61.08M USD. Revenue FY2025 52.26M USD. Operating income FY2021 38.89M USD. Operating income FY2022 34.12M USD. Operating income FY2023 1.59M USD. Operating income FY2024 −3.35M USD. Operating income FY2025 −1.17M USD. Net income FY2021 31.15M USD. Net income FY2022 33.54M USD. Net income FY2023 −2.91M USD. Net income FY2024 −9.66M USD. Net income FY2025 −4.26M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue52.26M USD61.08M USD47.59M USD70.18M USD64.44M USD
Cost of goods sold45.85M USD40.27M USD39.12M USD32.88M USD20.47M USD
Gross profit6.41M USD20.81M USD8.47M USD37.3M USD43.98M USD
Selling, general, and administrative7.58M USD7.48M USD6.88M USD3.07M USD5.09M USD
Operating expenses7.58M USD24.15M USD6.88M USD3.18M USD5.09M USD
Interest income206.7K USD103.52K USD897.62K USD46.3K USD10.48K USD
Interest expense6.88M USD7.96M USD6.49M USD3.85M USD2.34M USD
Depreciation and amortization12.74M USD13.88M USD10.97M USD10.76M USD7.95M USD
Operating income−1.17M USD−3.35M USD1.59M USD34.12M USD38.89M USD
Net income−4.26M USD−9.66M USD−2.91M USD33.54M USD31.15M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-64.97%
11 comparable reports
Latest EPS result
2.44
Estimate 1.23 · Beat by 98.37%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.731.31-0.1-1.52Q1 '25MissQ3 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual -0.25, estimate -0.07, surprise -257.14%, Miss. Q3 2025, reported Aug 11, 2025: actual -1.1, estimate -1.23, surprise +10.57%, Beat. Q3 2025, reported Aug 14, 2025: actual -1.1, estimate -1.23, surprise +10.57%, Beat. Q4 2025, reported Nov 13, 2025: actual -0.23, estimate -0.15, surprise -53.33%, Miss. Q1 2026, reported Feb 19, 2026: actual 0.87, estimate 0.78, surprise +11.54%, Beat. Q2 2026, reported May 20, 2026: actual 0.12, estimate 0.24, surprise -50.00%, Miss. Q3 2026, reported Aug 6, 2026: actual 2.44, estimate 1.23, surprise +98.37%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 2.1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.87M16.69M12.52M8.35MQ1 '25BeatQ3 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 14.51M USD, estimate 11.07M USD, surprise +31.03%, Beat. Q3 2025, reported Aug 11, 2025: actual 9.21M USD, estimate 10.45M USD, surprise -11.85%, Miss. Q3 2025, reported Aug 14, 2025: actual 11.28M USD, estimate 10.73M USD, surprise +5.07%, Beat. Q4 2025, reported Nov 13, 2025: actual 14.39M USD, estimate 18.05M USD, surprise -20.29%, Miss. Q1 2026, reported Feb 19, 2026: actual 17.39M USD, estimate 17.44M USD, surprise -0.31%, Miss. Q2 2026, reported May 20, 2026: actual 12.79M USD, estimate 15.62M USD, surprise -18.10%, Miss. Q3 2026, reported Aug 6, 2026: actual 17.7M USD, estimate 17.86M USD, surprise -0.87%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate 20M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

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