PXS on Nasdaq
Pyxis Tankers Inc.
Deep Sea Foreign Transportation of Freight company, listed on Nasdaq (PXS). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerPXS on Nasdaq1
- IndustryDeep Sea Foreign Transportation of Freight1
- Headquarters1T1
- Incorporated inMarshall Islands3
- Business address59 K. Karamanli Street, 151 25 Maroussi, Athens, J3 151253
- Filer categoryNon-accelerated filer3
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These tables present gross rates in U.S.$ and do not reflect any commissions payable.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 2025
15.2%Operating margin2
5.1%Net margin2
-24.3%Revenue growth, 20252
2.1%Return on equity2
0.83×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Time Charters brought in 95% of the revenue Pyxis Tankers Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Time Charters | $32.8M | $31.8M | $37.0M |
| Spot Voyage Charters | $12.7M | $19.8M | $2.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs95¢$37.0M
- Profit5¢$2.0M
Out of $39.0M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Share buybacks3¢$472.0K
- Kept or used elsewhere97¢$13.1M
Out of $13.6M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues, net | $39.0M | $51.5M | $45.5M |
| Voyage related costs and commissions | -$2.7M | -$9.5M | -$6.4M |
| Vessel operating expenses | -$14.2M | -$13.4M | -$11.6M |
| General and administrative expenses | -$6.1M | -$3.0M | -$3.4M |
| Management fees, related parties | -$1.4M | -$1.2M | -$728.0K |
| Management fees, other | -$503.0K | -$503.0K | -$760.0K |
| Amortization and write-off of special survey costs | -$599.0K | -$382.0K | -$388.0K |
| Depreciation | -$7.6M | -$6.9M | -$5.5M |
| Allowance reduction for credit losses | $22.0K | $38.0K | $78.0K |
| Gain on sale of vessels, net | $25.1M | ||
| Operating income | $5.9M | $16.7M | $41.9M |
| Loss from debt extinguishment | -$379.0K | ||
| Loss from financial derivative instrument | -$59.0K | ||
| Interest and finance costs | -$5.8M | -$6.5M | -$5.8M |
| Interest income | $1.8M | $2.3M | $1.2M |
| Total other expenses, net | -$4.0M | -$4.2M | -$5.0M |
| Net income | $1.9M | $12.5M | $36.8M |
| Loss attributable to non-controlling interest | $59.0K | $361.0K | $201.0K |
| Net income attributable to Pyxis Tankers Inc. | $2.0M | $12.9M | $37.0M |
| Dividend Series A Convertible Preferred Stock | -$562.0K | -$810.0K | |
| Deemed dividend from Series A Convertible Preferred Stock Redemption | -$2.7M | ||
| Net income attributable to common shareholders | $2.0M | $9.6M | $36.2M |
| Net income per common share, basic | $0.19 | $0.91 | $3.38 |
| Net income per common share, diluted | $0.19 | $0.91 | $2.94 |
| Weighted average number of common shares, basic | 10.4M shares | 10.5M shares | 10.7M shares |
| Weighted average number of common shares, diluted | 10.4M shares | 10.5M shares | 12.6M 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.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $35.6M | $21.2M | $34.5M | ||
| Short-term investment in time deposits | $18.0M | $17.0M | |||
| Inventories | $536.0K | $1.9M | |||
| Trade accounts receivable, net | $2.0M | $5.0M | |||
| Prepayments and other current assets | $552.0K | $706.0K | |||
| Insurance claim receivable | $245.0K | ||||
| Total current assets | $56.6M | $46.1M | |||
| Vessels, net | $133.3M | $140.0M | |||
| Advances for vessel additions | $170.0K | ||||
| Total fixed assets, net | $133.3M | $140.2M | |||
| Restricted cash | $1.4M | $1.4M | $1.8M | ||
| Deferred dry-dock and special survey costs, net | $2.1M | $1.2M | $1.6M | $794.0K | |
| Total other non-current assets | $3.4M | $2.6M | |||
| Total assets | $193.4M | $188.9M | |||
| Current portion of long-term debt, net of deferred financing costs | $8.0M | $7.6M | |||
| Trade accounts payable | $1.5M | $2.1M | |||
| Hire collected in advance | $597.0K | $111.0K | |||
| Accrued and other liabilities | $1.0M | $1.5M | |||
| Total current liabilities | $12.7M | $12.3M | |||
| Long-term debt, net of current portion and deferred financing costs | $79.3M | $77.0M | |||
| Total non-current liabilities | $79.3M | $77.0M | |||
| Common stock ($0.001 par value; 450,000,000 shares authorized; 11,216,548 shares issued and 10,553,399 shares outstanding as of December 31, 2024, and 11,216,546 shares issued and 10,418,859 shares outstanding as of December 31, 2025) | $10.0K | $11.0K | |||
| Additional paid-in capital | $97.8M | $98.0M | |||
| Accumulated deficit | -$2.7M | -$4.7M | $2.7M | ||
| Total equity attributable to Pyxis Tankers Inc. and subsidiaries | $95.2M | $93.4M | |||
| Non-controlling interest | $6.2M | $6.3M | $4.3M | ||
| Total stockholders equity | $101.4M | $99.7M | $100.9M | $61.4M | |
| Total liabilities and stockholders equity | $193.4M | $188.9M | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 450.0M shares | 450.0M shares | |||
| Common stock, shares issued | 11.2M shares | 11.2M shares | |||
| Common stock, shares outstanding | 10.4M shares | 10.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $35.6M | $21.2M | $34.5M | ||
| Short-term investment in time deposits | $18.0M | $17.0M | |||
| Inventories | $536.0K | $1.9M | |||
| Trade accounts receivable, net | $2.0M | $5.0M | |||
| Prepayments and other current assets | $552.0K | $706.0K | |||
| Insurance claim receivable | $245.0K | ||||
| Total current assets | $56.6M | $46.1M | |||
| Vessels, net | $133.3M | $140.0M | |||
| Advances for vessel additions | $170.0K | ||||
| Total fixed assets, net | $133.3M | $140.2M | |||
| Restricted cash | $1.4M | $1.4M | $1.8M | ||
| Deferred dry-dock and special survey costs, net | $2.1M | $1.2M | $1.6M | $794.0K | |
| Total other non-current assets | $3.4M | $2.6M | |||
| Total assets | $193.4M | $188.9M | |||
| Current portion of long-term debt, net of deferred financing costs | $8.0M | $7.6M | |||
| Trade accounts payable | $1.5M | $2.1M | |||
| Hire collected in advance | $597.0K | $111.0K | |||
| Accrued and other liabilities | $1.0M | $1.5M | |||
| Total current liabilities | $12.7M | $12.3M | |||
| Long-term debt, net of current portion and deferred financing costs | $79.3M | $77.0M | |||
| Total non-current liabilities | $79.3M | $77.0M | |||
| Common stock ($0.001 par value; 450,000,000 shares authorized; 11,216,548 shares issued and 10,553,399 shares outstanding as of December 31, 2024, and 11,216,546 shares issued and 10,418,859 shares outstanding as of December 31, 2025) | $10.0K | $11.0K | |||
| Additional paid-in capital | $97.8M | $98.0M | |||
| Accumulated deficit | -$2.7M | -$4.7M | $2.7M | ||
| Total equity attributable to Pyxis Tankers Inc. and subsidiaries | $95.2M | $93.4M | |||
| Non-controlling interest | $6.2M | $6.3M | $4.3M | ||
| Total stockholders equity | $101.4M | $99.7M | $100.9M | $61.4M | |
| Total liabilities and stockholders equity | $193.4M | $188.9M | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 450.0M shares | 450.0M shares | |||
| Common stock, shares issued | 11.2M shares | 11.2M shares | |||
| Common stock, shares outstanding | 10.4M shares | 10.6M 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.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $1.9M | $12.5M | $36.8M |
| Depreciation | $7.6M | $6.9M | $5.5M |
| Amortization and write-off of special survey costs | $599.0K | $382.0K | $388.0K |
| Allowance reduction for credit losses | -$22.0K | -$38.0K | -$78.0K |
| Amortization and write-off of financing costs | $226.0K | $238.0K | $247.0K |
| Amortization of restricted common stock grants | $263.0K | $62.0K | $171.0K |
| Loss from debt extinguishment | $379.0K | ||
| Loss from financial derivative instrument | $59.0K | ||
| Gain on sale of vessels, net | -$25.1M | ||
| Inventories | $1.4M | -$932.0K | $954.0K |
| Trade accounts receivable | $3.1M | -$38.0K | $5.6M |
| Prepayments and other assets | $58.0K | -$405.0K | -$97.0K |
| Insurance claim receivable | -$245.0K | $608.0K | |
| Special survey cost | -$1.5M | -$100.0K | -$1.4M |
| Trade accounts payable | -$633.0K | $538.0K | -$1.1M |
| Due to/(from) related parties | $712.0K | $177.0K | -$231.0K |
| Hire collected in advance | $486.0K | -$1.1M | -$960.0K |
| Accrued and other liabilities | -$539.0K | $858.0K | -$322.0K |
| Net cash provided by operating activities | $13.6M | $18.8M | $21.4M |
| Proceeds from the sale of vessels, net | $64.2M | ||
| Advances for vessel acquisition | -$2.7M | ||
| Payments for vessel acquisition | -$45.0M | -$28.5M | |
| Ballast water treatment system installation | -$768.0K | ||
| Vessel additions | -$699.0K | -$24.0K | -$77.0K |
| Vessel additions prepayments | -$170.0K | ||
| Proceeds from insurance claim | $341.0K | ||
| Short-term investment in time deposits | -$1.0M | $3.0M | -$20.0M |
| Net cash provided by/(used in) investing activities | -$1.4M | -$42.2M | $12.2M |
| Proceeds from long-term debt | $33.4M | $31.0M | $34.5M |
| Repayment of long-term debt | -$30.7M | -$7.3M | -$38.8M |
| Contributions from non-controlling interests | $5.9M | $4.5M | |
| Redemption of Series A Convertible Preferred shares | -$10.1M | ||
| Repayment of promissory note | -$6.0M | ||
| Financial derivative instrument | $561.0K | ||
| Payment of financing costs | -$144.0K | -$357.0K | -$277.0K |
| Preferred stock dividends paid | -$587.0K | -$797.0K | |
| Common stock re-purchase program | -$472.0K | -$1.5M | -$1.2M |
| Deemed dividend from Konkar Venture acquisition | -$7.5M | ||
| Net cash provided by/(used in) financing activities | $2.1M | $9.6M | -$7.5M |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | $14.3M | -$13.7M | $26.1M |
| Cash paid for interest | $6.2M | $5.9M | $5.6M |
| Issuance of common stock financing acquisition of vessel Konkar Venture (Non-cash financing activities) | $1.4M | ||
| Unpaid portion of Special Survey cost | $21.0K | $126.0K | |
| Unpaid portion of financing costs | $35.0K | $16.0K | |
| Unpaid portion of Ballast Water Treatment System installation | $43.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Pyxis Tankers Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerValentios Valentis Mar 18, 2026 to now11
- Chief financial officerHenry Pogue Williams Mar 18, 2026 to May 28, 202612
- Chief financial officerFotios Giannakoulis May 28, 2026 to now13
- Chief operating officerKonstantinos Lytras Mar 18, 2026 to now14
Board members and other officers (4)
- Board memberAristeidis J. Pittas Mar 18, 2026 to now15
- Board memberBasil G. Mavroleon Mar 18, 2026 to now16
- Board memberRobin Prakash Das Mar 18, 2026 to now17
- Board memberValentios Valentis Mar 18, 2026 to now11
Timeline
- Mar 18, 2026New chief executive Valentios Valentis becomes CEO11
Filings
104 filings to the SEC since October 2021: 5 annual reports, 8 insider forms, 7 large holders, 84 other. The latest 20:
- Sep 4, 20266-K EDGAR
- Jul 23, 2026F-1/A EDGAR
- Jul 21, 2026FWP EDGAR
- Jun 29, 2026F-1/A EDGAR
- May 28, 2026F-1 EDGAR
- May 28, 20263 EDGAR
- May 26, 20266-K EDGAR
- Apr 24, 20266-K EDGAR
- Apr 10, 20266-K EDGAR
- Apr 8, 20263/A EDGAR
- Apr 1, 202620-F EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Feb 19, 2026SCHEDULE 13D/A EDGAR
- Feb 2, 20266-K EDGAR
- Nov 26, 20256-K EDGAR
The 104 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.
- Maritime Investors Corp.SCHEDULE 13D/A, 5 filings Dec 27, 2021 to Feb 19, 202618
- CVI Investments, Inc.SC 13G/A, 1 filing Feb 14, 202219
- Empery Asset Management, LPSC 13G/A, 1 filing Jan 20, 202220
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARAristeidis J. Pittas, Board member
- 16SEC EDGARBasil G. Mavroleon, Board member
- 17SEC EDGARRobin Prakash Das, Board member
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