OceanPal
Combines vessel-owning maritime transport with a NEAR Protocol digital-asset treasury business.
Something off on this page? Send us feedback.
Profile
Combines vessel-owning maritime transport with SovereignAI, a wholly owned NEAR Protocol digital-asset treasury business. Its compact fleet includes dry-bulk carriers and a product tanker, while SovereignAI accumulates tokens and provides institutional staking.
Runs a maritime transport division with two Panamax dry-bulk carriers and an MR2 product tanker, moving dry bulk and refined petroleum products in worldwide ocean transportation. The fleet remains an operating business after the 2025 sales reduced it to three vessels. The division continues worldwide ocean transportation through its owned fleet.
Through wholly owned SovereignAI Services, it also operates a NEAR Protocol digital-asset treasury business built around token accumulation and institutional staking. The two segments combine vessel ownership with a treasury operation whose activity is tied to the NEAR Protocol.
Company facts
Categories
Key statistics
Year to date −74.1% · Average volume (30d) 10.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Dec 19, 2025Q3 FY25 | — | $2.00 | — | — | — | — | −0.93% |
| Sep 3, 2025Q2 FY25 | — | $29.00 | — | — | $3.1M | — | −5.26% |
| Jun 26, 2025Q1 FY25 | — | −$19.82 | — | — | $3.1M | — | +4.71% |
| Apr 9, 2025Q1 FY25 | — | −$12.50 | — | — | $5.8M | — | +9.92% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.5M | $5.8M | $3.1M | $3.1M | $3.6M | $3.6M | |
| Gross profit | $1.7M | −$1.4M | −$101.5K | −$101.5K | $2.0M | $2.0M | |
| Operating income | −$177.0K | −$8.1M | −$5.3M | −$5.3M | −$10.4M | −$10.4M | |
| Net income | −$162.0K | −$8.2M | −$5.2M | −$5.2M | −$27.4M | −$27.4M | |
| Diluted EPS | −$0.08 | −$1.17 | −$19.82 | −$19.82 | −$38.46 | −$38.46 | |
| Gross margin | 22.5% | -23.6% | -3.3% | -3.3% | 53.9% | 53.9% | |
| Operating margin | -2.4% | -139.9% | -173.0% | -173.0% | -286.4% | -286.4% |
Fiscal years (4-quarter sums)FY21 $7.4M · FY22 $19.1M · FY23 $19.0M · FY24 $25.7M · FY25 $13.4M
Revenue by product · FY24
Balance sheet, Dec 31, 2025Cash & short-term investments $33.2M · Total debt $0 · Total assets $165.5M · Shareholders' equity $156.6M
Dividends
Last cut to $0.004 from $0.50 in Jun 2022.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2022 | $0.004 | |||
| Jun 13, 2022 | $0.004 | cut from $0.50 | ||
| Mar 31, 2022 | $0.50 |
Ownership
Shares outstanding 31.12M · Float 249.8K
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
A split settled inside the quarter being compared, so quarter-on-quarter change is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| 4 Sweet Dreams S.A. | 7.76M | 19.47% of class | 13D | Jan 26, 2026 |
| Blackdragon Ventures LLC | 3.59M | 10.40% of class | 13D | Feb 12, 2026 |
| Near Foundation | 3.41M | 10.95% of class | 13D | Nov 4, 2025 |
| Advisor Group Holdings, Inc. | 17 | 0.00% | 13F | Nov 14, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Star Bulk Carriers
Large-scale dry-bulk chartering across Kamsarmax and Panamax markets
- Diana Shipping
Panamax dry-bulk chartering overlap
- Safe Bulkers
Panamax dry-bulk chartering with a modern fleet
- Pyxis Tankers
MR2 refined-products carriage and mid-sized dry bulk
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OceanPal | $6.01 | −1.64% | $187.0M | — | — | 14.0 | — |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Pyxis Tankers | $5.44 | +1.53% | $54.9M | 15.3 | — | 1.4 | +3.9% |
| Median | 11.5 | 8.0 | 2.2 | +9.9% |