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MARKETS / NASDAQ / CISS
NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

C3is Inc. CISS

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$34.8M
▼ 17.8% YoY
$10.5M
$3.8M
▼ 83.6% YoY
In brief

What this company does

We are a provider of international seaborne transportation services to drybulk charterers, including major national and private industrial users, commodity producers and traders, and oil producers, refineries and commodities traders and producers. Our fleet consists of three drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers, one Aframax crude oil tanker that transports crude oil. We have entered into a management agreement with Brave Maritime, pursuant to which Brave Maritime will provide us with technical, administrative, commercial and certain other services. We were incorporated under the laws of the Republic of the Marshall Islands on July 25, 2022 to serve as the holding company of two subsidiaries each owning one of the drybulk carriers in our initial fleet that, Imperial Petroleum subsequently contributed to us in connection with the Spin-Off (as defined below). We will deploy our drybulk carriers either on time charter trips or spot voyages of short-term duration while our tanker vessels will mostly be employed in the spot market as conditions are favorable in the near term.

Written from the business description in C3is Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 22 April 2026. Every sentence was checked against that document before publication.

Growth
USD 34.8M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 34.8 · Net income 10.5
20M40M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
30 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.9% · Net 30.1%
10%20%30%-2%-4%-6%202320242025
ROE
FY2025 · ROE 12.6%
5%10%15%-2%-4%202320242025

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 3.8
8M16M202320242025

Total assetsUSD 98.5M
EquityUSD 95.1M
CashUSD 616,640.00
Current ratio6.21×

Equity funds 97% of total assets.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue $B0.00.00.0
Operating income $B0.00.00.0
EBITDA $B0.00.00.0
Income tax $B···
Net income $B0.0−0.00.0
Free cash flow $B0.00.00.0
EPS, diluted $3.98−351.5818911.99
Dividend / sh $···
Payout %···
ROE %12.6−4.316.7
Shares out B0.000.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 12 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNASDAQ
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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