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Financial statements

Robin Energy Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Robin Energy Ltd. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2023FY2024FY2025
Revenue15.66.779.91
General and administrative0.811.521.81
Operating income15.51.070.72
Interest expense0.020.010.03
Interest income0.0100.43
Other non-operating income-0.02-0.01-0.77
Pre-tax income15.51.05-0.05
Income tax0.0500
Net income15.41.05-0.05
EBITDA172.232.85
EPS, basic32.302.20-0.30
EPS, diluted3.100.20-0.30
Shares, basic (weighted)0.480.481.49
Shares, diluted (weighted)5.015.011.49

Balance sheet

FY2023FY2024FY2025
Cash and equivalents005.65
Receivables0.420.62
Inventory0.050.15
Other current assets0.050.4
Total current assets12.916.7
Property, plant and equipment6.8839.2
Total assets21.658.9
Accounts payable0.160.51
Accrued liabilities0.311.29
Deferred revenue00.7
Total current liabilities0.472.6
Total liabilities0.4728.5
Paid-in capital031.6
Retained earnings0-0.98
Treasury stock0-0.13
Shareholders' equity26.921.130.5
Total equity26.921.130.5
Total liabilities and equity21.658.9
Shares outstanding02.77

Cash flow statement

FY2023FY2024FY2025
Net income15.41.05-0.05
Depreciation and amortization1.491.172.13
Change in receivables-0.170.43-0.2
Change in inventory0.15-0.03-0.1
Change in payables0.11-0.460.26
Cash from operations-6.346.8910.2
Capital expenditures-0.77-0.07-38.1
Purchases of investments00-5
Cash from investing16.4-0.07-43.1
Stock issued0032.8
Share buybacks00-0.13
Cash from financing-14.9-6.8238.6
Net change in cash-4.805.65
Free cash flow-7.116.82-27.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $2.37 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin7.3%Operating income / revenue.
EBITDA margin28.7%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-0.5%Pre-tax income / revenue.
Net margin-0.5%Net income / revenue.
FCF margin-281.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin102.7%Cash from operations / revenue.
Return on equity (ROE)-0.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-0.1%Net income / average total assets.
Return on invested capital (ROIC)2.5%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue384.5%Capital expenditures / revenue.
D&A / revenue21.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y46.3%Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y-32.4%Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y27.4%EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-104.3%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-250.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y47.5%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-509.2%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y44.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y173.1%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y-70.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio6.42xCurrent assets / current liabilities.
Quick ratio2.41x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio2.17x(Cash + short-term investments) / current liabilities.
Liabilities / assets48.3%Total liabilities / total assets.
Interest coverage21.8xOperating income / interest expense.
Working capital$14.1MCurrent assets - current liabilities.
Tangible book value$30.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.25xRevenue / average total assets.
Fixed asset turnover0.43xRevenue / average property, plant and equipment.
Receivables turnover19.1xRevenue / average receivables.
Days sales outstanding19 days365 x average receivables / revenue.
Capex / operating cash flow374.5%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.30Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.30Net income per basic share, as reported (split-adjusted).
Revenue per share$6.64Revenue / diluted weighted shares.
FCF per share-$18.71Free cash flow / diluted weighted shares.
Operating cash flow per share$6.82Cash from operations / diluted weighted shares.
Book value per share$10.98Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$10.98Tangible book value / shares outstanding.
Cash per share$2.04(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.2MShare price x shares outstanding.
Enterprise value-$2.5MMarket cap + total debt - cash - short-term investments.
P/S0.32xMarket cap / revenue.
P/B0.10xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.10xMarket cap / tangible book value, when positive.
P/OCF0.31xMarket cap / cash from operations, when positive.
FCF yield-884.2%Free cash flow / market cap.
Earnings yield-1.4%Net income / market cap (the inverse of P/E).
Shareholder yield4.1%(Dividends paid + share buybacks) / market cap.
What was Robin Energy Ltd.'s revenue in fiscal 2025?

Robin Energy Ltd. reported revenue of $9.9M for fiscal 2025, 46.3% higher than the year before.

Was Robin Energy Ltd. profitable in fiscal 2025?

No. It reported a net loss of $45.1K.

How much free cash flow did Robin Energy Ltd. generate in fiscal 2025?

Cash from operations of $10.2M minus capital expenditures of $38.1M left free cash flow of -$27.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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