DAC on NYSE
Danaos Corporation
Transport company based in Majuro Atoll, founded in 19721
In its 2026 annual report (Form 20-F) the company says: “Danaos Corporation is an international owner of container vessels and drybulk vessels, chartering our container vessels to many of the world’s largest liner companies and employing our drybulk vessels on short-term time charters and voyage charters. We are a corporation domesticated in the Republic of The Marshall Islands on October 7, 2005, under the Marshall Islands Business Corporations Act, after having been incorporated as a Liberian company in 1998 in connection with the consolidation of our assets under Danaos Holdings Limited.”6 Its shares trade on NYSE under the symbol DAC.1
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Last updated Oct 20, 2026.
Overview
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- TickerDAC on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- HeadquartersMajuro Atoll1
- Websitewww.danaos.com
- Incorporated inMarshall Islands5
- Business address14 Akti Kondyli, 185 45 Piraeus, Athens5
- Filer categoryLarge accelerated filer5
- Legal formCorporation3
- LEI734IM3DNDNT36T7YTD243
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O THE TRUST COMPANY OF THE MARSHALL ISLANDS, INC., 96960 Majuro, Marshall Islands3
- Registered withMarshall Islands Maritime and Corporate Administrators, 163813
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Danaos Corporation is an international owner of container vessels and drybulk vessels, chartering our container vessels to many of the world’s largest liner companies and employing our drybulk vessels on short-term time charters and voyage charters. We are a corporation domesticated in the Republic of The Marshall Islands on October 7, 2005, under the Marshall Islands Business Corporations Act, after having been incorporated as a Liberian company in 1998 in connection with the consolidation of our assets under Danaos Holdings Limited. In connection with our domestication in the Marshall Islands we changed our name from Danaos Holdings Limited to Danaos Corporation. Danaos Corporation completed its initial public offering and was publicly listed on the New York Stock Exchange in October 2006.6 From its latest annual report
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.
Business segments
Container Vessel brought in 92% of the revenue Danaos Corporation broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Container Vessel | $963.2M | $937.1M | $955.4M |
| Drybulk Vessels | $10.4M | $77.0M | $87.0M |
Regions
Europe brought in 52% of the revenue Danaos Corporation broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe | $453.8M | $481.3M | $538.0M |
| Asia Pacific | $519.8M | $532.8M | $503.6M |
| Americas | $859.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs53¢$547.8M
- Profit47¢$494.6M
Out of $1.0B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid10¢$63.5M
- Share buybacks12¢$75.7M
- Kept or used elsewhere78¢$505.5M
Out of $644.8M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| OPERATING REVENUES | $1.0B | $1.0B | $973.6M |
| Voyage expenses | -$63.1M | -$64.1M | -$41.0M |
| Vessel operating expenses | -$208.8M | -$185.7M | -$162.1M |
| Depreciation | -$163.4M | -$148.3M | -$129.3M |
| Amortization of deferred drydocking and special survey costs | -$44.1M | -$29.2M | -$18.7M |
| General and administrative expenses | -$64.4M | -$54.2M | -$43.5M |
| Net gain on disposal/sale of vessels | $0 | $8.3M | $1.6M |
| Operating income | $498.8M | $540.9M | $580.7M |
| Interest income | $19.5M | $12.9M | $12.1M |
| Interest expense and finance costs | -$42.8M | -$26.2M | -$20.5M |
| Gain/(loss) on investments | $29.5M | -$25.2M | $17.9M |
| Dividend income | $1.7M | $9.3M | $1.1M |
| Loss on debt extinguishment, net | -$2.5M | $0 | -$2.3M |
| Loss on equity investments | -$1.0M | -$1.6M | -$4.0M |
| Other finance expenses | -$3.7M | -$3.6M | -$4.3M |
| Other (expenses)/income, net | -$1.2M | $2.2M | -$812.0K |
| Loss on derivatives | -$3.6M | -$3.6M | -$3.6M |
| Total Other Income/(Expenses), net | -$4.2M | -$35.8M | -$4.4M |
| Income before income taxes | $494.6M | $505.1M | $576.3M |
| Income taxes | $0 | $0 | $0 |
| Net Income | $494.6M | $505.1M | $576.3M |
| Basic earnings per share of common stock (in $ per share) | $26.83 | $26.15 | $28.99 |
| Diluted earnings per share of common stock (in $ per share) | $26.76 | $26.05 | $28.95 |
| Basic weighted average number of common shares (in shares) | 18.4M shares | 19.3M shares | 19.9M shares |
| Diluted weighted average number of common shares (in shares) | 18.5M shares | 19.4M shares | 19.9M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2009-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $453.4M | |||
| Accounts receivable, net | $38.7M | $25.6M | |||
| Inventories | $23.4M | $23.9M | |||
| Prepaid expenses | $2.1M | $1.9M | |||
| Due from related parties | $46.8M | $52.6M | |||
| Other current assets | $171.1M | $113.7M | |||
| Total current assets | $1.3B | $671.0M | |||
| Fixed assets at cost, net of accumulated depreciation of $1,622,344 (2024: $1,458,978) | $3.3B | $3.3B | $2.7B | $2.7B | |
| Advances for vessels under construction and vessel acquisition | $428.1M | $265.8M | |||
| Deferred charges, net | $54.4M | $58.8M | |||
| Other non-current assets | $42.3M | $57.8M | |||
| Total non-current assets | $3.8B | $3.7B | |||
| Total assets | $5.1B | $4.3B | |||
| Accounts payable | $17.3M | $29.0M | |||
| Accrued liabilities | $28.8M | $23.6M | |||
| Current portion of long-term debt, net | $283.0M | $35.2M | |||
| Unearned revenue | $36.6M | $49.7M | |||
| Other current liabilities | $36.0M | $31.4M | |||
| Total current liabilities | $401.7M | $169.0M | |||
| Long-term debt, net | $872.1M | $699.6M | |||
| Unearned revenue, net of current portion | $2.6M | $22.9M | |||
| Other long-term liabilities | $42.0M | $27.4M | |||
| Total long-term liabilities | $916.7M | $749.9M | |||
| Total liabilities | $1.3B | $918.9M | |||
| Common stock (par value $0.01, 750,000,000 common shares authorized as of December 31, 2025 and December 31, 2024. 25,790,190 and 25,585,985 shares issued; and 18,264,294 and 18,987,616 shares outstanding as of December 31, 2025 and December 31, 2024, respectively) | $183.0K | $190.0K | |||
| Additional paid-in capital | $591.6M | $650.9M | |||
| Accumulated other comprehensive loss | -$71.4M | -$70.4M | |||
| Retained earnings | $3.3B | $2.8B | |||
| Total stockholders' equity | $3.8B | $3.4B | $3.0B | $2.6B | |
| Total liabilities and stockholders' equity | $5.1B | $4.3B | |||
| Accumulated depreciation | $1.6B | $1.5B | $1.3B | $1.2B | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 25.8M shares | 25.6M shares | |||
| Common stock, shares outstanding | 18.3M shares | 19.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2009-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $1.0B | $453.4M | |||
| Accounts receivable, net | $38.7M | $25.6M | |||
| Inventories | $23.4M | $23.9M | |||
| Prepaid expenses | $2.1M | $1.9M | |||
| Due from related parties | $46.8M | $52.6M | |||
| Other current assets | $171.1M | $113.7M | |||
| Total current assets | $1.3B | $671.0M | |||
| Fixed assets at cost, net of accumulated depreciation of $1,622,344 (2024: $1,458,978) | $3.3B | $3.3B | $2.7B | $2.7B | |
| Advances for vessels under construction and vessel acquisition | $428.1M | $265.8M | |||
| Deferred charges, net | $54.4M | $58.8M | |||
| Other non-current assets | $42.3M | $57.8M | |||
| Total non-current assets | $3.8B | $3.7B | |||
| Total assets | $5.1B | $4.3B | |||
| Accounts payable | $17.3M | $29.0M | |||
| Accrued liabilities | $28.8M | $23.6M | |||
| Current portion of long-term debt, net | $283.0M | $35.2M | |||
| Unearned revenue | $36.6M | $49.7M | |||
| Other current liabilities | $36.0M | $31.4M | |||
| Total current liabilities | $401.7M | $169.0M | |||
| Long-term debt, net | $872.1M | $699.6M | |||
| Unearned revenue, net of current portion | $2.6M | $22.9M | |||
| Other long-term liabilities | $42.0M | $27.4M | |||
| Total long-term liabilities | $916.7M | $749.9M | |||
| Total liabilities | $1.3B | $918.9M | |||
| Common stock (par value $0.01, 750,000,000 common shares authorized as of December 31, 2025 and December 31, 2024. 25,790,190 and 25,585,985 shares issued; and 18,264,294 and 18,987,616 shares outstanding as of December 31, 2025 and December 31, 2024, respectively) | $183.0K | $190.0K | |||
| Additional paid-in capital | $591.6M | $650.9M | |||
| Accumulated other comprehensive loss | -$71.4M | -$70.4M | |||
| Retained earnings | $3.3B | $2.8B | |||
| Total stockholders' equity | $3.8B | $3.4B | $3.0B | $2.6B | |
| Total liabilities and stockholders' equity | $5.1B | $4.3B | |||
| Accumulated depreciation | $1.6B | $1.5B | $1.3B | $1.2B | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | $0.01 | $0.01 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 25.8M shares | 25.6M shares | |||
| Common stock, shares outstanding | 18.3M shares | 19.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $494.6M | $505.1M | $576.3M |
| Depreciation and amortization | $163.4M | $148.3M | $129.3M |
| Amortization of deferred drydocking and special survey costs | $44.1M | $29.2M | $18.7M |
| Amortization of assumed time charters | $0 | -$4.5M | -$21.2M |
| Amortization of finance costs | $3.4M | $2.3M | $2.2M |
| Debt discount amortization | $99.0K | $0 | $0 |
| Prior service cost and periodic cost | $4.0M | $1.4M | $1.6M |
| (Gain)/Loss on investments | -$29.5M | $25.2M | -$17.9M |
| Loss on equity investments | $1.0M | $1.6M | $4.0M |
| Loss on debt extinguishment, net | $2.5M | $0 | $2.3M |
| Net gain on disposal/sale of vessels | $0 | -$8.3M | -$1.6M |
| Payments for drydocking and special survey costs deferred | -$39.7M | -$50.6M | -$31.1M |
| Stock based compensation | $16.8M | $14.6M | $12.7M |
| Amortization of deferred realized losses on interest rate swaps | $3.6M | $3.6M | $3.6M |
| Accounts receivable | -$3.8M | -$5.4M | -$4.3M |
| Inventories | $464.0K | $630.0K | -$8.4M |
| Prepaid expenses | -$191.0K | $13.0K | -$603.0K |
| Due from related parties | $5.8M | -$1.1M | -$17.4M |
| Other assets, current and non-current | $17.3M | $21.3M | $7.8M |
| Accounts payable | -$11.8M | $7.1M | -$390.0K |
| Accrued liabilities | $5.1M | $3.2M | $236.0K |
| Unearned revenue, current and long-term | -$33.3M | -$46.9M | -$77.5M |
| Other liabilities, current and long-term | $828.0K | -$24.9M | -$1.9M |
| Net cash provided by operating activities | $644.8M | $621.8M | $576.3M |
| Vessels additions and advances for vessels under construction and vessel acquisition | -$296.7M | -$659.3M | -$268.0M |
| Net proceeds and insurance proceeds from disposal/sale of vessels | $1.7M | $10.2M | $3.9M |
| Investments in affiliates/marketable securities | -$30.7M | -$1.6M | -$74.4M |
| Net cash used in investing activities | -$325.7M | -$650.8M | -$338.5M |
| Proceeds from long-term debt, net | $620.7M | $362.0M | $0 |
| Payments and prepayments of long-term debt | -$190.8M | -$28.0M | -$27.5M |
| Payments of leaseback obligation | $0 | $0 | -$72.9M |
| Dividends paid | -$63.5M | -$62.8M | -$60.7M |
| Finance costs | -$25.8M | -$7.3M | -$1.9M |
| Repurchase of common stock | -$75.7M | -$53.3M | -$70.6M |
| Net cash provided by/(used in) financing activities | $264.9M | $210.6M | -$233.6M |
| Net increase in cash and cash equivalents | $583.9M | $181.6M | $4.1M |
| Cash paid for interest, net of amounts capitalized | $33.6M | $21.6M | $18.1M |
| Repurchase of common stock not settled | $878.0K | $558.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Danaos Corporation sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Danaos Corporation
- Danaos Investment LTD as Trustee of the 883 Trust Filed SCHEDULE 13D/A on Danaos Corporation, latest Nov 19, 2025 (6 filings since Apr 15, 2022)
- RBF Capital, LLC Filed SC 13G/A on Danaos Corporation, latest Mar 23, 2023
- No Street GP LP Filed SC 13G/A on Danaos Corporation, latest Feb 14, 2022
- Danaos Corporation Majuro, Marshall Islands
- DANAOS BULKHOLDINGS INC. Subsidiary · Majuro, Marshall Islands
- DANAOS BULK INC. Subsidiary · Majuro, Marshall Islands
- DANAOS BULKHOLDINGS INC. Subsidiary · Majuro, Marshall Islands
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Danaos Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.9B4 Dec 31, 2025 | $4.7B4 Dec 31, 2024 | +3.0% |
| Accumulated depreciation | $1.6B4 Dec 31, 2025 | $1.5B4 Dec 31, 2024 | +11.2% |
| Property and equipment, net | $3.3B4 Dec 31, 2025 | $3.3B4 Dec 31, 2024 | −0.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.0B4 Dec 31, 2025 | $453.4M4 Dec 31, 2024 | +128.8% |
| Marketable securities, current | $120.2M4 Dec 31, 2025 | $60.9M4 Dec 31, 2024 | +97.6% |
Inventory
Leadership
Who has led Danaos Corporation, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerJohn Coustas Mar 18, 2026 to now13
- Chief financial officerEvangelos Chatzis Mar 18, 2026 to now14
- Chief operating officerDimitrios Vastarouchas Mar 18, 2026 to now15
Board members and other officers (7)
- Chief Commercial OfficerFilippos Prokopakis Mar 18, 2026 to now16
- Board memberCharalampos Pampoukis Mar 18, 2026 to now17
- Board memberIraklis Prokopakis Mar 18, 2026 to now18
- Board memberJohn Coustas Mar 18, 2026 to now13
- Board memberMyles R. Itkin Mar 18, 2026 to now19
- Board memberPetros Christodoulou Mar 18, 2026 to now20
- Board memberRichard Lindsay Sadler Mar 18, 2026 to now21
Timeline
Calendar
Coming up
- Nov 16, 2026Reports results for the quarter ending Sep/202622
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
74 filings to the SEC since October 2021: 6 annual reports, 9 insider forms, 11 large holders, 48 other. The latest 20:
- Oct 9, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- May 12, 20266-K EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 2, 2026F-3ASR EDGAR
- Feb 27, 202620-F EDGAR
- Jan 20, 20266-K EDGAR
- Nov 19, 2025SCHEDULE 13D/A EDGAR
- Nov 18, 20256-K EDGAR
- Oct 16, 20256-K EDGAR
- Oct 14, 20256-K EDGAR
The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Danaos Investment LTD as Trustee of the 883 TrustSCHEDULE 13D/A, 6 filings Apr 15, 2022 to Nov 19, 202523
- RBF Capital, LLCSC 13G/A, 1 filing Mar 23, 202324
- No Street GP LPSC 13G/A, 1 filing Feb 14, 202225
SEC filer profile
How Danaos Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDanaos Corp2
- CIK0001369241
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company6
- Incorporated inRepublic of The Marshall Islands6
- Fiscal year endsDecember 312
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business address14 Akti Kondyli, 185 45 Piraeus, Athens, Greece2
- Phone0113021044964802
- Shares outstanding18,264,294 shares as of Dec 31, 20256
- AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceSep 19, 20062
- Filings283 in all: 6-K (117), 20-F (20), SC 13D/A (14), CORRESP (13), UPLOAD (13), 144 (10), 3 (10), EFFECT (10)2
All 33 form types
SC 13G (10), SC 13G/A (10), F-3 (7), 424B3 (6), 424B7 (6), SC 13D (6), 6-K/A (3), F-1 (3), SCHEDULE 13D/A (3), 20-F/A (2), 424B5 (2), F-1/A (2), F-3/A (2), F-3ASR (2), S-8 (2), 25-NSE (1), 4 (1), 424B1 (1), 8-A12B (1), CERTNYS (1), F-3D (1), NT 20-F (1), POS AM (1), RW (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Feb 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, $0.01 par value per share | DAC | New York Stock Exchange |
From the cover page of the 20-F filed Feb 27, 2026 (Section 12(b) of the Exchange Act).6
Links
- Websitewww.danaos.com1
- WikidataQ15606898
- SEC EDGARCIK 1369241
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataDanaos Corporation on Wikidata
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- 17SEC EDGARCharalampos Pampoukis, Board member
- 18SEC EDGARIraklis Prokopakis, Board member
- 19SEC EDGARMyles R. Itkin, Board member
- 20SEC EDGARPetros Christodoulou, Board member
- 21SEC EDGARRichard Lindsay Sadler, Board member
- 22NasdaqNasdaq calendar
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