CISS on Nasdaq
C3is Inc.
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Last updated Oct 16, 2026.
Overview
Compare with Castor Maritime Inc., Pyxis Tankers Inc. or GLOBUS MARITIME LTD, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Time Charter Revenues brought in 82% of the revenue C3is Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Time Charter Revenues | $9.7M | $11.0M | $11.1M |
| Voyage Charter Revenues | $2.2M | $4.0M | $1.5M |
| Other Operating Income | $1.5M | $1.7M | $902.9K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs70¢$24.3M
- Profit30¢$10.5M
Out of $34.8M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$161.9K
- Kept or used elsewhere96¢$3.8M
Out of $4.0M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $34.8M | $42.3M | $28.7M |
| Total revenues | $34.8M | $42.3M | $28.7M |
| Voyage expenses | $12.3M | $13.6M | $7.3M |
| Voyage expenses related parties | $434.9K | $522.6K | $340.3K |
| Vessel operating expenses | $9.0M | $8.2M | $4.7M |
| Vessel operating expenses related parties | $133.5K | $134.7K | $79.2K |
| Dry-docking costs | $1.9M | $0 | $183.1K |
| Depreciation | $6.5M | $6.2M | $4.1M |
| Management fees related parties | $642.4K | $587.0K | $396.0K |
| General and administrative expenses | $1.9M | $2.5M | $679.2K |
| General and administrative expenses related parties | $545.2K | $479.3K | $520.9K |
| Total expenses | $33.4M | $32.2M | $18.3M |
| Income from operations | $1.4M | $10.1M | $10.4M |
| Interest and finance costs | -$8.4K | -$13.1K | -$4.5K |
| Interest and finance costs related party | -$365.9K | -$2.5M | -$1.4M |
| Interest income | $327.8K | $950.8K | $36.1K |
| Foreign exchange gain/(loss) | -$63.7K | -$160.3K | $195.7K |
| (Loss)/gain on warrants | $9.2M | -$11.1M | $0 |
| Other (expenses)/income, net | $9.1M | -$12.8M | -$1.1M |
| Net income/(loss) | $10.5M | -$2.7M | $9.3M |
| -Basic | $46.50 | -$351.58 | $47,133.25 |
| -Diluted | $3.98 | -$351.58 | $18,911.99 |
| -Basic | 90.0K shares | 23.0K shares | 181 shares |
| -Diluted | 350.1K shares | 23.0K shares | 487 shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $616.6K | $4.6M | |
| Time deposits | $14.3M | $7.9M | |
| Trade and other receivables | $4.3M | $2.8M | |
| Other current assets | $283.0K | $0 | |
| Operating lease right-of-use assets | $24.8K | $28.8K | |
| Advances and prepayments | $15.4K | $22.0K | |
| Inventories | $1.3M | $884.1K | |
| Total current assets | $20.8M | $16.3M | |
| Vessels, net | $77.6M | $84.1M | $75.2M |
| Total non current assets | $77.6M | $84.1M | |
| Total assets | $98.5M | $100.5M | |
| Trade accounts payable | $1.8M | $908.3K | |
| Accrued and other liabilities | $911.2K | $1.3M | |
| Operating lease liabilities | $24.8K | $28.8K | |
| Deferred income | $235.7K | $162.1K | |
| Total current liabilities | $3.4M | $18.7M | |
| Warrant liability | $29.2K | $10.4M | |
| Total non current liabilities | $29.2K | $10.4M | |
| Total liabilities | $3.4M | $29.1M | |
| Capital stock, $0.01 par value, 2,000,000,000 shares authorized at December 31, 2024 and 2025, 35,324 and 659,668 issued and outstanding at December 31, 2024 and 2025, respectively (Note 8) | $6.6K | $353 | |
| Additional paid-in capital | $90.6M | $71.1M | |
| Retained earnings | $4.5M | $257.1K | |
| Total stockholders' equity | $95.1M | $71.4M | $55.5M |
| Total liabilities and stockholders' equity | $98.5M | $100.5M | |
| Common stock par or stated value per share | $0.01 | $0.01 | |
| Common stock shares authorized | 2.0B shares | 2.0B shares | |
| Common stock shares issued | 659.7K shares | 35.3K shares | |
| Common stock shares outstanding | 659.7K shares | 35.3K shares | |
| Preferred stock shares authorized | 200.0M shares | ||
| Preferred stock par or stated value per share | $0.01 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $10.5M | -$2.7M | $9.3M |
| Depreciation | $6.5M | $6.2M | $4.1M |
| Share based compensation | $375.2K | $337.9K | $37.6K |
| Unrealized foreign exchange (gain)/loss on time deposits | $0 | $156.9K | -$242.0K |
| Loss/(gain) on warrants | -$9.2M | $11.1M | $0 |
| Non-cash lease expense | $66.8K | $33.4K | $0 |
| Offering costs attributable to warrant liability | $0 | $1.1M | $0 |
| (Increase)/decrease in Trade and other receivables | -$1.4M | $7.6M | -$9.8M |
| (Increase)/decrease in Due from related party | $0 | $0 | $146.7K |
| (Increase)/decrease in Other current assets | -$283.0K | $33.8K | -$33.8K |
| (Increase)/decrease in Advances and prepayments | $6.6K | $58.3K | -$43.9K |
| (Increase)/decrease in Inventories | -$427.9K | -$194.9K | -$523.6K |
| Increase/(Decrease) in Trade accounts payable | $896.1K | $361.3K | -$245.1K |
| Increase/(Decrease) in Payable to related parties | -$2.6M | $375.6K | $2.2M |
| Increase/(Decrease) in Changes in operating lease liabilities | -$66.8K | -$33.4K | $0 |
| Increase/(Decrease) in Accrued liabilities | -$360.9K | $637.8K | $461.0K |
| Increase/(Decrease) in Deferred income | $73.5K | -$53.7K | $215.8K |
| Net cash provided by operating activities | $4.0M | $25.0M | $5.6M |
| Payments for acquisition and capitalized expenses of vessels | -$161.9K | -$1.6M | -$4.3M |
| Increase in bank time deposits | -$21.1M | -$27.9M | -$8.1M |
| Maturity of bank time deposits | $14.7M | $28.2M | $0 |
| Net cash used in investing activities | -$6.5M | -$1.4M | -$12.4M |
| Net transfers from former Parent Company | $0 | $0 | $3.3M |
| Proceeds from follow-on offering | $11.0M | $13.1M | $5.0M |
| Proceeds from exercise of warrants | $2.7M | $5.9M | $0 |
| Stock issuance costs | -$1.2M | -$1.8M | -$584.1K |
| Dividends paid on preferred shares | -$568.8K | -$762.5K | -$241.7K |
| Repayment of seller and capital expenditures financing | -$13.4M | -$36.1M | $0 |
| Net cash provided by/(used in) financing activities | -$1.5M | -$19.7M | $7.5M |
| Net increase/(decrease) in cash and cash equivalents | -$4.0M | $3.9M | $695.3K |
| Cash paid for interest in relation to seller financing | $1.2M | $3.0M | $0 |
| Vessel acquisition included in payable to related parties | $0 | $13.5M | $36.1M |
| Cashless exercise of Class B1, Class B2, Class C1 and Class C2 warrants | $1.2M | $1.8M | $0 |
Recent filings
- Oct 5, 2026SCHEDULE 13G/A
- Oct 5, 2026SCHEDULE 13G/A
- Oct 5, 2026POS AM
- Oct 5, 2026POS AM
- Oct 5, 2026POS AM
- Oct 2, 2026SCHEDULE 13G/A
- Sep 29, 20266-K
- Sep 3, 2026SCHEDULE 13G
- Aug 28, 2026SCHEDULE 13D/A
- Aug 27, 20266-K
- Aug 27, 2026424B3
- Aug 27, 2026424B3
- Aug 27, 2026424B3
- Aug 27, 2026424B3
- Aug 27, 2026424B3
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARC3is Inc. filings on SEC EDGAR
- 2SEC EDGARC3is Inc. 10-K for fiscal 2025
- 3SEC EDGARC3is Inc. filings on SEC EDGAR
- 4SEC EDGARC3is Inc. 10-K for fiscal 2022
- 5SEC EDGARC3is Inc. 10-K for fiscal 2023