EDRY on Nasdaq

EuroDry Ltd.

In its 2026 annual report (Form 20-F) the company says: “EuroDry Ltd. is a Marshall Islands company incorporated under the BCA on January 8, 2018. We are a provider of worldwide ocean-going transportation services. We own and operate drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers.”4 Its shares trade on Nasdaq under the symbol EDRY.1

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Last updated Oct 20, 2026.

Overview

-$3.8MNet income, fiscal 20252

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  • TickerEDRY on Nasdaq1
  • IndustryWater Transportation1
  • Headquarters1T1
  • Incorporated inMarshall Islands3
  • Business address4 Messogiou & Evropis Street, Maroussi, J3 151 243
  • Filer categoryNon-accelerated filer3

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EuroDry Ltd. is a Marshall Islands company incorporated under the BCA on January 8, 2018. We are a provider of worldwide ocean-going transportation services. We own and operate drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. As of March 31, 2026, our fleet consisted of 11 drybulk carriers (comprising three Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers and one Supramax drybulk carrier), all of which are in operation. The total cargo carrying capacity of our 11 drybulk carriers is 766,420 dwt. In October 2024, we entered into two contracts for the construction of two Ultramax drybulk carriers with a capacity of 63,500 dwt each, to be delivered in the second and third quarters of 2027. The total consideration for the two newbuilding contracts is approximately $71.8 million, w…4 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 2022

45.8%Operating margin5
45.0%Net margin6
8.9%Revenue growth, 20226
29.4%Return on equity7
0.51×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs50¢$37.4M
  • Interest5¢$3.6M
  • Profit45¢$33.5M

Out of $74.6M in revenue.6

Where each dollar of operating cash went, fiscal 2022

  • Share buybacks6¢$2.0M
  • Kept or used elsewhere94¢$31.0M

Out of $33.0M of cash from operations.5

Financial statements

Revenue896$74.6M in 2022+188% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $25.9M$25.9M20182019: $28.8M$28.8M2019+11%2020: $23.6M$23.6M2020−18%2021: $68.5M$68.5M2021+190%2022: $74.6M$74.6M2022+9%
Operating income89675$34.1M in 2022+754% since 2018
-$20.0M0$20.0M$40.0M2018: $4.0M$4.0M20182019: $3.0M$3.0M2019−25%2020: -$2.7M-$2.7M20202021: $38.9M$38.9M20212022: $34.1M$34.1M2022−12%
Net income896$33.5M in 2022+2896% since 2018
-$10.0M0$10.0M$20.0M$30.0M$40.0M2018: $1.1M$1.1M20182019: $16.5K$16.5K2019−99%2020: -$5.9M-$5.9M20202021: $31.2M$31.2M20212022: $33.5M$33.5M2022+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Commissions (including $932,123, $630,433 and $799,997, respectively, to related party)-$3.4M-$3.7M-$2.8M
Net revenue$52.3M$61.1M$47.6M
Voyage expenses, net$5.7M$6.1M$4.0M
Vessel operating expenses (including $207,602, $191,655 and $272,283, respectively, to related party)$25.0M$25.7M$20.8M
Dry-docking expenses$2.8M$8.5M$3.4M
Vessel depreciation$12.4M$13.9M$11.0M
Related party management fees$4.4M$4.2M$3.3M
Net gain on sale of vessel-$2.8M$0$0
Impairment loss$0$2.8M$0
Other operating loss-$1.3M$3.0M$500.0K
Bad debt expense$0$0$134.3K
Total operating expenses$49.3M$67.4M$46.5M
Operating income / (loss)$3.0M-$6.3M$1.1M
Interest and other financing costs-$6.9M-$8.0M-$6.5M
Gain on derivatives, net-$44.2K$637.7K$1.2M
Interest income$206.7K$103.5K$897.6K
Foreign exchange gain / (loss)-$40.5K-$5.9K-$5.8K
Total other expenses, net-$6.8M-$7.2M-$4.4M
Net income / (loss)-$3.8M-$13.5M-$3.3M
Net loss attributable to the non-controlling interest-$475.4K$911.4K$374.1K
Net income / (loss) attributable to controlling shareholders-$4.3M-$12.6M-$2.9M
Earnings / (loss) per share attributable to controlling shareholders basic (in dollars per share)-$1.55-$4.62-$1.05
Weighted average number of shares outstanding during the year, basic (in shares)2.8M shares2.7M shares2.8M shares
Commissions Related Party$687.6K$800.0K$630.4K
Vessel Operating Expenses, Related Party$284.5K$272.3K$191.7K
General and administrative expenses (including $1,460,000, $1,354,600 and $1,415,000, respectively, to related party)$3.2M$3.3M$3.5M

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Corporate structure

EuroDry Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of EuroDry Ltd.

  • Friends Investment CO Inc. Filed SC 13D/A on EuroDry Ltd., latest Sep 12, 2022 (2 filings since Oct 6, 2021)
  • EuroDry Ltd. 1T

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EuroDry Ltd. 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

ItemLatestA year beforeChange
Property and equipment, net$165.9M2 Dec 31, 2025$185.5M2 Dec 31, 2024−10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.3M2 Dec 31, 2025$6.7M2 Dec 31, 2024+202.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.3M2 Dec 31, 2025$2.1M2 Dec 31, 2024−37.6%

Leadership

Who has led EuroDry Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Aristeidis J. Pittas2026–now

Chief financial officer

  1. Anastasios Aslidis2026–now
Board members and other officers (9)

Timeline

  1. Mar 18, 2026New chief executive Aristeidis J. Pittas becomes CEO11

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.23) a share, on Nov 13, 2025.19

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

112 filings to the SEC since October 2021: 5 annual reports, 28 insider forms, 5 large holders, 74 other. The latest 20:

  1. Oct 14, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 14, 20266-K EDGAR
  3. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 5, 20266-K EDGAR
  5. Oct 1, 2026144 EDGAR
  6. Sep 25, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 24, 2026144 EDGAR
  8. Sep 11, 20266-K EDGAR
  9. Sep 11, 2026424B5 EDGAR
  10. Sep 3, 2026EFFECT EDGAR
  11. Aug 27, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 27, 2026F-3 EDGAR
  13. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 24, 20264 PRIMARY DOCUMENT EDGAR
  16. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  17. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  19. Aug 12, 20264 PRIMARY DOCUMENT EDGAR
  20. Aug 12, 20264 PRIMARY DOCUMENT EDGAR

The 112 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.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 4 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 24, 2026Pittas Aristeidis PDirectorBuy900$51.33$46.2KForm 4
Aug 25, 2026Pittas Aristeidis PDirectorSale3,450$50.95$175.8KForm 4
Aug 24, 2026Karmiri StefaniaCorporate SecretarySale350$45.35$15.9KForm 4
Aug 21, 2026Pittas Aristeidis PDirectorSale500$44.56$22.3KForm 4
Aug 21, 2026Pariaros SymeonChief Administrative OfficerSale2,676$45.80$122.6KForm 4
Aug 18, 2026Pittas Aristeidis PDirectorSale600$39.50$23.7KForm 4
Aug 18, 2026Pariaros SymeonChief Administrative OfficerSale2,700$42.00$113.4KForm 4
Aug 12, 2026Pariaros SymeonChief Administrative OfficerSale1,900$39.98$76.0KForm 4
Aug 11, 2026Karmiri StefaniaCorporate SecretarySale400$38.50$15.4KForm 4
Aug 10, 2026Pittas Aristeidis PDirectorSale500$37.80$18.9KForm 4
Jul 14, 2026Pittas Aristeidis PDirectorSale500$23.45$11.7KForm 4
Jul 14, 2026Pittas Aristeidis PDirectorSale250$23.45$5.9KForm 4
Jun 22, 2026Pittas Aristeidis PDirectorBuy500$22.00$11.0KForm 4
Apr 14, 2026Pittas Aristeidis PDirectorSale996$20.00$19.9KForm 4
Apr 8, 2026Pittas Aristeidis PDirectorSale704$20.10$14.2KForm 4
Apr 8, 2026Pittas Aristeidis PDirectorBuy704$20.10$14.2KForm 4
Apr 8, 2026Pittas Aristeidis PDirectorBuy704$20.10$14.2KForm 4

From Forms 4 filed with the SEC.

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.

SEC filer profile

How EuroDry Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREuroDry Ltd.1
  • CIK0001731388
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inMarshall Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address4 Messogiou & Evropis Street, Maroussi, J3 151 241
  • Phone30-211-18040061
  • Shares outstanding2,890,547 shares as of Dec 31, 20254
  • AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 16, 20181
  • Filings187 in all: 6-K (92), SC 13D/A (17), 4 (16), 20-F (8), 3 (8), UPLOAD (6), EFFECT (5), 424B1 (4)1
    All 24 form types

    424B5 (4), CORRESP (4), F-3 (4), 4/A (3), SC 13D (3), 144 (2), FWP (2), 3/A (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), NT 20-F (1), SC 13G (1), SC 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
Common shares, $0.01 par valueEDRYNasdaq

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).4

Sources

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