Stocks Consumer discretionary SVRN
NASDAQ · Consumer discretionaryOceanPal Inc. (SVRN)
OceanPal Inc. reported revenue of $25.7M in fiscal 2024, up 35.6% from a year earlier. It posted a net loss of $17.9M. In fiscal 2024 capital spending exceeded operating cash flow by $22.4M. At December 31, 2024 it held $7.2M in cash.
Key facts about OceanPal Inc.
- Net worth
- OceanPal Inc. has a market value (market cap) of $25.4M at the latest share price, and shareholders' equity of $84.4M on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2024 revenue was $25.7M (+35.6% year on year), with a net loss of $17.9M.
- Cash flow
- In fiscal 2024 operations used $3.5M of cash.
- Dividend
- OceanPal Inc. declared dividends of $10.00 per share in fiscal 2022.
What OceanPal Inc. does
OceanPal Inc. is registered with the SEC under industry code SIC 4412 (Deep Sea Foreign Transportation of Freight). Its shares trade on NASDAQ under the ticker SVRN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2024 | $25.7M | -$17.9M | -$2.64 | -$22.4M |
| 2023 | $19M | -$2M | -$3.83 | -$3.6M |
| 2022 | $19.1M | -$326K | -$17.18 | -$3.6M |
| 2020 | n/a | -$3.8M | n/a | -$4.2M |
| 2019 | n/a | -$1.9M | n/a | $1.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SVRN ranks in Consumer discretionary
Dividends
OceanPal Inc. declared $10.00 per share in fiscal 2022. It paid out $3.1M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2022 | $10.00 | $3.1M | n/a |
Latest SEC filings
What OceanPal Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 27, 2026
- August 4, 2026Activist stake changed SCHEDULE 13D/A
- August 4, 2026Activist stake changed SCHEDULE 13D/A
- August 4, 2026Activist stake changed SCHEDULE 13D/A
- August 3, 2026
- June 18, 2026
- May 22, 2026
- May 15, 2026
- May 13, 2026
- April 30, 2026Form NT 20-F filing NT 20-F
Insider trades
What the people running OceanPal Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| April 17, 2026 | Ternullo Salvatore J.Co-Chief Executive Officer, Director | Bought | 500 | $5.2K |
| April 16, 2026 | Ternullo Salvatore J.Co-Chief Executive Officer, Director | Bought | 500 | $5.4K |
| April 13, 2026 | Ternullo Salvatore J.Co-Chief Executive Officer, Director | Bought | 500 | $5.4K |
Who owns SVRN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Ioannis Zafirakis13D, may seek influence with 1 related filers | 25.72% | December 2, 2024 |
| Eleftherios Papatrifon13D, may seek influence | 12.55% | December 2, 2024 |
| Near Foundation13D, may seek influence | 10.95% | November 4, 2025 |
| Blackdragon Ventures LLC13D, may seek influence with 2 related filers | 10.4% | February 12, 2026 |
Largest institutional holders
Insiders
1 insiders reported holding 1,500 shares in total, about $22.2K at the last price.
| Holder | Shares |
|---|---|
| Ternullo Salvatore J.Co-Chief Executive Officer, Director | 1,500 |
Questions about SVRN
What does OceanPal Inc. do?
OceanPal Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as SVRN. Its shares trade on NASDAQ under the ticker SVRN.
What is OceanPal Inc.'s net worth?
OceanPal Inc. has a market value (market cap) of $25.4M at the latest share price, and shareholders' equity of $84.4M on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is OceanPal Inc. profitable?
No. In fiscal 2024 it reported a net loss of $17.9M on revenue of $25.7M.
How much revenue does OceanPal Inc. make?
In fiscal 2024 OceanPal Inc. reported revenue of $25.7M. That is 35.6% more than a year earlier.
When did OceanPal Inc. last report?
Its newest filing of any kind is the foreign issuer update from August 27, 2026.
Does OceanPal Inc. pay a dividend?
Yes. OceanPal Inc. declared dividends of $10.00 per share in fiscal 2022.
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Where the numbers come from
Financial figures are the values OceanPal Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.