RBNE on Nasdaq
Robin Energy Ltd.
Robin Energy Ltd. is a Deep Sea Foreign Transportation of Freight company, listed on Nasdaq (RBNE).1
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Last updated Oct 20, 2026.
Overview
Compare with Euroholdings Ltd., TORO CORP. or Intercont (Cayman) Ltd, or pick any stock.
- TickerRBNE on Nasdaq1
- IndustryDeep Sea Foreign Transportation of Freight1
- Headquarters1T1
- Incorporated inMarshall Islands3
- Business address223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, G4 30363
- Filer categoryNon-accelerated filer, Emerging growth company3
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Spin-Off to our holders of common stock of record at the close of business on April 7, 2025. Toro’s common shareholders received one common share of Robin for every eight of Toro’s common shares held at the close of business on April 7, 2025.4 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
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Tanker brought in 76% of the revenue Robin Energy Ltd. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tanker | $15.6M | $6.8M | $7.5M |
| LPG Carrier | $2.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$9.9M
Out of $9.9M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Share buybacks1¢$130.5K
- Kept or used elsewhere99¢$10.0M
Out of $10.2M 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 |
|---|---|---|---|
| Total vessel revenues | $9.9M | $6.8M | $15.6M |
| Voyage expenses (including $195,890, $125,409 and $305,463 to related party for the years ended December 31, 2023, 2024 and 2025, respectively) | -$1.2M | -$315.1K | -$198.7K |
| Vessel operating expenses | -$3.4M | -$2.3M | -$5.2M |
| Management fees to related parties | -$638.6K | -$386.2K | -$688.5K |
| Depreciation and amortization | -$2.1M | -$1.2M | -$1.5M |
| General and administrative expenses (including $279,855, $162,156 and $632,666 to related party for the year ended December 31, 2023, 2024 and 2025, respectively) | -$1.8M | -$1.5M | -$807.6K |
| Gain on sale of vessel (including $179,900, $0 and $0 sale commissions to related party for the years ended December 31, 2023, 2024, and 2025, respectively) | $0 | $0 | $8.2M |
| Total expenses | -$9.2M | -$5.7M | -$123.5K |
| Operating income | $721.2K | $1.1M | $15.5M |
| Finance costs | -$33.1K | -$13.1K | -$16.4K |
| Interest income | $426.7K | $0 | $10.4K |
| Change in fair value of crypto assets-Bitcoin | -$1.1M | $0 | $0 |
| Foreign exchange losses | -$11.3K | -$1.6K | -$9.9K |
| Total other expenses, net | -$766.3K | -$14.7K | -$15.9K |
| Net income/(loss) before taxes | -$45.1K | $1.1M | $15.5M |
| Income taxes | $0 | $0 | -$47.1K |
| Net income/(loss) and comprehensive income/(loss) | -$45.1K | $1.1M | $15.4M |
| Dividend on Series A Preferred Shares | -$358.3K | $0 | $0 |
| Net income/(loss) attributable to common shareholders | -$403.5K | $1.1M | $15.4M |
| Earnings/(Loss) per common share, basic (in dollars per share) | -$0.30 | $2.20 | $32.30 |
| Earnings/(Loss) per common share, diluted (in dollars per share) | -$0.30 | $0.20 | $3.10 |
| Weighted average number of common shares, basic (in shares) | 1.5M shares | 477.3K shares | 477.3K shares |
| Weighted average number of common shares, diluted (in shares) | 1.5M shares | 5.0M shares | 5.0M 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 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $5.6M | $369 | |||
| Due from related parties, current | $6.0M | $12.4M | |||
| Accounts receivable trade | $620.7K | $416.3K | |||
| Inventories | $147.4K | $45.6K | |||
| Prepaid expenses and other assets | $398.8K | $45.6K | |||
| Investment in crypto-assets-Bitcoin | $3.9M | $0 | |||
| Total current assets | $16.7M | $12.9M | |||
| Vessels, net | $39.2M | $6.9M | |||
| Due from related parties | $981.2K | $388.5K | |||
| Prepaid expenses and other assets, non current | $357.8K | $357.8K | |||
| Deferred charges, net | $1.7M | $1.1M | $178.7K | ||
| Total non-current assets | $42.2M | $8.7M | |||
| Total assets | $58.9M | $21.6M | |||
| Accounts payable | $512.0K | $156.3K | |||
| Due to related parties, current | $106.9K | $0 | |||
| Deferred revenue | $698.0K | $0 | |||
| Accrued liabilities | $1.3M | $313.9K | |||
| Total current liabilities | $2.6M | $470.2K | |||
| Total non-current liabilities | $0 | $0 | |||
| Mezzanine equity | $25.9M | $0 | |||
| Former Net Parent Company investment | $0 | $21.1M | |||
| Common shares, $0.001 par value; 1,000 and 3,900,000,000 shares authorized; 1,000 and 2,805,745 shares issued; 1,000 and 2,774,865 shares (net of 30,880 treasury shares) outstanding as of December 31, 2024, and December 31, 2025, respectively | $2.8K | $1 | |||
| Preferred shares, $0.001 par value: 0 and 100,000,000 shares authorized; Series B preferred shares: 0 and 40,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively | $40 | $0 | |||
| Additional paid-in capital | $31.6M | $0 | |||
| Treasury shares; 0 and 30,880 shares as of December 31, 2024 and 2025, respectively | -$130.5K | $0 | |||
| Due from stockholder | $0 | -$1 | |||
| Accumulated deficit | -$976.7K | $0 | |||
| Total shareholders' equity | $30.5M | $21.1M | $26.9M | ||
| Total liabilities, mezzanine equity and shareholders' equity | $58.9M | $21.6M | |||
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | $0.00 | |
| Common shares, authorized (in shares) | 3.9B shares | 3.9B shares | 1.0K shares | 1.0K shares | |
| Common shares, shares issued (in shares) | 2.8M shares | 477.3K shares | 1.0K shares | ||
| Common shares, shares outstanding (in shares) | 2.8M shares | 477.3K shares | 1.0K shares | ||
| Preferred shares, par value (in dollars per share) | $0.00 | ||||
| Preferred shares, authorized (in shares) | 100.0M shares | ||||
| Treasury shares (in shares) | 30.9K shares | 0 shares |
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $5.6M | $369 | ||||
| Due from related parties, current | $6.0M | $12.4M | ||||
| Accounts receivable trade | $620.7K | $416.3K | ||||
| Inventories | $147.4K | $45.6K | ||||
| Prepaid expenses and other assets | $398.8K | $45.6K | ||||
| Investment in crypto-assets-Bitcoin | $3.9M | $0 | ||||
| Total current assets | $16.7M | $12.9M | ||||
| Vessels, net | $39.2M | $6.9M | ||||
| Due from related parties | $981.2K | $388.5K | ||||
| Prepaid expenses and other assets, non current | $357.8K | $357.8K | ||||
| Deferred charges, net | $1.7M | $1.1M | $178.7K | |||
| Total non-current assets | $42.2M | $8.7M | ||||
| Total assets | $58.9M | $21.6M | ||||
| Accounts payable | $512.0K | $156.3K | ||||
| Due to related parties, current | $106.9K | $0 | ||||
| Deferred revenue | $698.0K | $0 | ||||
| Accrued liabilities | $1.3M | $313.9K | ||||
| Total current liabilities | $2.6M | $470.2K | ||||
| Total non-current liabilities | $0 | $0 | ||||
| Mezzanine equity | $25.9M | $0 | ||||
| Former Net Parent Company investment | $0 | $21.1M | ||||
| Common shares, $0.001 par value; 1,000 and 3,900,000,000 shares authorized; 1,000 and 2,805,745 shares issued; 1,000 and 2,774,865 shares (net of 30,880 treasury shares) outstanding as of December 31, 2024, and December 31, 2025, respectively | $2.8K | $1 | ||||
| Preferred shares, $0.001 par value: 0 and 100,000,000 shares authorized; Series B preferred shares: 0 and 40,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively | $40 | $0 | ||||
| Additional paid-in capital | $31.6M | $0 | ||||
| Treasury shares; 0 and 30,880 shares as of December 31, 2024 and 2025, respectively | -$130.5K | $0 | ||||
| Due from stockholder | $0 | -$1 | ||||
| Accumulated deficit | -$976.7K | $0 | ||||
| Total shareholders' equity | $30.5M | $21.1M | $26.9M | $26.4M | ||
| Total liabilities, mezzanine equity and shareholders' equity | $58.9M | $21.6M | ||||
| Common shares, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | $0.00 | ||
| Common shares, authorized (in shares) | 3.9B shares | 3.9B shares | 1.0K shares | 1.0K shares | ||
| Common shares, shares issued (in shares) | 2.8M shares | 477.3K shares | 1.0K shares | |||
| Common shares, shares outstanding (in shares) | 2.8M shares | 477.3K shares | 1.0K shares | |||
| Preferred shares, par value (in dollars per share) | $0.00 | |||||
| Preferred shares, authorized (in shares) | 100.0M shares | |||||
| Treasury shares (in shares) | 30.9K shares | 0 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/(loss) | -$45.1K | $1.1M | $15.4M |
| Depreciation and amortization | $2.1M | $1.2M | $1.5M |
| Gain on sale of vessel | $0 | $0 | -$8.2M |
| Change in fair value of crypto assets-Bitcoin | $1.1M | $0 | $0 |
| Accounts receivable trade | -$204.4K | $434.5K | -$173.5K |
| Inventories | -$101.8K | -$28.8K | $154.5K |
| Due from related parties | $5.6M | $5.9M | -$14.5M |
| Prepaid expenses and other assets | -$316.4K | $16.3K | $406.6K |
| Accounts payable | $259.9K | -$459.7K | $110.2K |
| Accrued liabilities | $987.9K | $189.5K | $55.6K |
| Deferred revenue | $698.0K | $0 | $0 |
| Dry-dock costs paid | -$31.5K | -$1.4M | -$1.1M |
| Net Cash (used in)/provided by Operating Activities | $10.2M | $6.9M | -$6.3M |
| Vessel acquisitions and capitalized vessel improvements | -$38.1M | -$71.8K | -$766.9K |
| Net proceeds from sale of vessel | $0 | $0 | $17.2M |
| Purchase of crypto assets-Bitcoin | -$5.0M | $0 | $0 |
| Net cash provided by/(used in) Investing Activities | -$43.1M | -$71.8K | $16.4M |
| Net (decrease)/increase in Former Parent Company Investment | $329.6K | -$6.8M | -$14.9M |
| Payment for repurchase of common shares | -$130.5K | $0 | $0 |
| Gross proceeds from issuance of common shares pursuant to registered equity offerings | $32.8M | $0 | $0 |
| Common share issuance expenses pursuant to registered direct offerings | -$3.7M | $0 | $0 |
| Payment of Dividend on Series A Preferred Shares | -$251.4K | $0 | $0 |
| Capital contribution from Former Parent Company due to spin off | $10.4M | $0 | $0 |
| Payments related to Spin-Off from Toro | -$786.0K | $0 | $0 |
| Net cash (used in)/provided by Financing Activities | $38.6M | -$6.8M | -$14.9M |
| Net (decrease)/increase in cash and cash equivalents | $5.6M | $18 | -$4.8M |
| Unpaid vessel improvement costs (included in Accounts payable and Accrued liabilities) | $120.4K | $0 | $37.1K |
| Unpaid capital issuance costs (included in Accounts payable and Accrued Liabilities) | $75.5K | $0 | $0 |
| Excess of consideration over carrying value of acquired assets | $3.1M | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Robin Energy 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 Robin Energy Ltd.
- Empery Asset Management, LP Filed SCHEDULE 13G/A on Robin Energy Ltd., latest Apr 15, 2026 (2 filings since Jan 28, 2026)
- Pani Corp. Filed SCHEDULE 13D/A on Robin Energy Ltd., latest Sep 16, 2025 (3 filings since Apr 17, 2025)
- Robin Energy Ltd. 1T
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Robin Energy 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $39.2M2 Dec 31, 2025 | $6.9M2 Dec 31, 2024 | +470.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $5.6M2 Dec 31, 2025 | $3692 Dec 31, 2024 | +1530981.8% |
Inventory
Leadership
Who has led Robin Energy Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerPetros Panagiotis Panagiotidis Mar 18, 2026 to now6
- Chief financial officerTheologos Pagiaslis Mar 18, 2026 to now7
Board members and other officers (3)
- Board memberDionysios Makris Mar 18, 2026 to now8
- Board memberJohn Paul Syriopoulos Mar 18, 2026 to now9
- Board memberPetros Panagiotis Panagiotidis Mar 18, 2026 to now6
Timeline
- Mar 18, 2026New chief executive Petros Panagiotis Panagiotidis becomes CEO6
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/202610
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
82 filings to the SEC since October 2021: 2 annual reports, 4 insider forms, 5 large holders, 71 other. The latest 20:
- Oct 9, 20266-K EDGAR
- Sep 23, 20266-K EDGAR
- Sep 23, 20266-K EDGAR
- Sep 15, 20266-K EDGAR
- Jul 27, 20266-K EDGAR
- Jul 27, 2026424B5 EDGAR
- Jul 23, 2026424B5 EDGAR
- Jul 20, 20266-K EDGAR
- Jul 10, 20266-K EDGAR
- Jul 7, 20266-K EDGAR
- Jun 16, 20266-K EDGAR
- May 12, 20266-K EDGAR
- May 6, 20266-K EDGAR
- May 4, 20266-K EDGAR
- Apr 27, 2026SC TO-I/A EDGAR
- Apr 15, 2026SCHEDULE 13G/A EDGAR
- Apr 10, 202620-F EDGAR
- Apr 10, 20266-K EDGAR
- Mar 24, 2026SC TO-I EDGAR
- Mar 18, 20263 EDGAR
The 82 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.
- Empery Asset Management, LPSCHEDULE 13G/A, 2 filings Jan 28, 2026 to Apr 15, 202611
- Pani Corp.SCHEDULE 13D/A, 3 filings Apr 17, 2025 to Sep 16, 202512
SEC filer profile
How Robin Energy Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARRobin Energy Ltd.1
- CIK0002039060
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inMarshall Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, G4 30361
- Phone357 25 357 7681
- Shares outstanding2,774,865 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 sinceOct 8, 20241
- Filings82 in all: 6-K (35), 424B5 (11), 3 (4), CORRESP (4), UPLOAD (4), DRS (3), DRSLTR (3), 20-F (2)1
All 21 form types
EFFECT (2), F-3 (2), SCHEDULE 13D/A (2), 20FR12B (1), 20FR12B/A (1), CERT (1), DRS/A (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (20-F) Apr 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, $0.001 par value, including associated Preferred Share Purchase Rights under the Shareholder Protection Rights Agreement | RBNE | Nasdaq |
From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARDionysios Makris, Board member
- 9SEC EDGARJohn Paul Syriopoulos, Board member
- 10NasdaqNasdaq calendar
- 11
- 12