The financials
Genco Shipping & Trading Limited by the numbers
Genco Shipping & Trading Limited (GNK) reported revenue of $114M in Q1 2026 (quarter ended March 31, 2026), up 61% from the same quarter a year earlier. That came with a gross margin of 77% and net income of $9.3M (8.1% of revenue). For the full year FY2025, revenue was $342M (−19% year on year) and net income −$4.4M.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $114M | $71M | +61% |
| Gross profit | $88M | $46M | +90% |
| Operating income | $13M | −$9.8M | to a profit |
| Net income | $9.3M | −$12M | to a profit |
| Diluted EPS | $0.21 | −$0.28 | to a profit |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $114.4M (+43%)
Cargo And Freight grew +61% year on year
Segment Latestquarter on quarteryear on year
- Cargo And Freight$114.4M$114.4MQoQ +43%year on year +61%+43%+61%