OceanPal Inc.
NASDAQ: SVRN · INDUSTRIALS · MARINE SHIPPING
Updated 2026-07-30
OceanPal Inc. (SVRN) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total assets | $35.89M | $37.19M | $49.08M | $79.02M | $94.84M | $89.46M | $165.50M |
| Cash & equivalents | $1915.00 | $39638.00 | $1.67M | $8.45M | $14.84M | $7.16M | $33.20M |
| Current assets | $10.41M | $4.24M | $3.20M | $14.17M | $20.04M | $14.11M | $118.80M |
| Total liabilities | $1.02M | $1.89M | $931000.00 | $2.46M | $2.29M | $5.09M | $8.90M |
| Current liabilities | $1.02M | $1.89M | $931000.00 | $2.46M | $2.29M | $5.09M | $8.90M |
| Long-term debt | — | — | — | — | — | — | — |
| Shareholder equity | $34.86M | $35.30M | $48.15M | $76.56M | $92.56M | $84.37M | $156.60M |
| Retained earnings | $-105.18M | $-108.97M | $65000.00 | $-2.32M | $-8.02M | $-25.91M | — |
| Accounts receivable | $309745.00 | $2.20M | $881000.00 | $4.26M | $2.96M | $3.06M | — |
| Inventory | $168774.00 | $181973.00 | $186000.00 | $334000.00 | $287000.00 | $1.60M | — |
| Goodwill | — | — | — | — | — | — | — |
Frequently asked questions
What is OceanPal Inc.'s revenue?
OceanPal Inc.'s trailing twelve-month revenue is $13.40M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SVRN?
In its most recent fiscal year, SVRN ran a gross margin of -9.93%, an operating margin of -202.84%, and a net margin of -462.41%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
Is SVRN's balance sheet healthy?
SVRN holds $33.20M in cash and equivalents against — in long-term debt, on $156.60M of shareholder equity. That debt is best read against the cash flow the business throws off each year.