Costamare Bulkers Holdings Ltd (CMDB)
Costamare Bulkers Holdings Ltd. engages in the provision of solid, unpackaged raw materials and dry bulk commodities transportation. It offers a broad range of iron ore, coal and grains and minor bulks, such as bauxite, phosphate fertilizers, and steel products. The company was founded on September 29, 2023 and is headquartered in Monaco.
Sector: Water Transportation
Industry: Marine Shipping
Costamare Bulkers Holdings Limited
NYSE:CMDBIndustrials · Marine Shipping
+0.95%$20.16
AH Close$20.16+0.00%vs close
AH Close$20.16+0.00%vs close
Mkt Cap$489.92M
Float7.75M
O/S24.3M
Inst Own21.0%
SI3.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$597.22M
Net Income-$37.35M
Total Assets$1.09B
Free Cash Flow$43.9M
Debt & Equity
Debt 23%
Equity 77%
Total Debt$228.72M
Total Equity$781.77M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CMDB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.09B
Liabilities$309.79M
Accounts Receivable$37.38M
Accounts Payable$30.57M
Inventory$16.7M
PP&E (Net)$713.14M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $597.22M | $1.2B | $663.12M | $316.47M |
| YoY Growth | -50.0% | 80.3% | 109.5% | - |
| Cost of Revenue | $522.96M | $1.06B | $609.21M | $41.71M |
| Gross Profit | $74.26M | $136.94M | $53.91M | $274.76M |
| Gross Margin | 12.4% | 11.5% | 8.1% | 86.8% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $10.65M | $17.8M | $13M | $7.37M |
| Other | $82.46M | $152.8M | $177.69M | $158.34M |
| Total Operating Expenses | $93.11M | $170.59M | $190.69M | $165.71M |
| Operating Income (EBIT) | -$18.85M | -$33.65M | -$136.78M | $109.05M |
| Operating Margin | -3.2% | -2.8% | -20.6% | 34.5% |
| Interest Expense | $9.03M | $27.27M | $28.17M | $19.54M |
| Interest Income | $3.14M | $1.48M | $2.37M | $0 |
| Other Income (Expense) | -$18.5M | -$64.61M | -$10.92M | -$18.6M |
| Income Before Tax (EBT) | -$37.35M | -$98.25M | -$147.7M | $90.44M |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | -$37.35M | -$98.25M | -$147.7M | $90.44M |
| Net Income Margin | -6.3% | -8.2% | -22.3% | 28.6% |
| Supplementary Data | ||||
| EPS | -1.54 | -4.05 | -6.09 | 3.74 |
| Diluted EPS | -1.54 | -4.05 | -6.09 | 3.74 |
| Weighted Average OS | 24.20M | 24.24M | 24.24M | 24.20M |
| EBITDA | $83K | -$33.6M | -$79.9M | $149.64M |
| EBITDA Margin | 0.0% | -2.8% | -12.0% | 47.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $248.8M | $49.86M | $33.68M | $104.35M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $248.8M | $49.86M | $33.68M | $104.35M |
| Accounts Receivable | $37.38M | $49.5M | $47.16M | $24.68M |
| Inventory | $16.7M | $44.5M | $47.64M | $10.02M |
| Other Current Assets | $42M | $96.16M | $123.94M | $12.44M |
| Total Current Assets | $344.88M | $240.02M | $252.42M | $151.49M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $713.14M | $969.82M | $898.88M | $685.44M |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $11.98M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $21.56M | $31.16M | $35.22M | $34.91M |
| Total Long-Term Assets | $746.68M | $1B | $934.1M | $720.35M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $1.09B | $1.24B | $1.19B | $871.84M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $30.57M | $41.48M | $35.19M | $3.96M |
| Short-Term Debt | $63.6M | $115.5M | $61.15M | $53.85M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $13.99M | $22.91M | $27.84M | $4.07M |
| Other Current Liabilities | $36.51M | $18.37M | $3.54M | $473K |
| Total Current Liabilities | $144.66M | $420.66M | $310.77M | $94.13M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $165.13M | $305.72M | $285.3M | $331.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $5.17M | $1.7M | $0 |
| Total Long-Term Liabilities | $165.13M | $398.32M | $401.06M | $331.7M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $309.79M | $818.98M | $711.83M | $425.83M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $250K | $250K | $142K |
| Retained Earnings | -$43.86M | -$98.06M | $194K | $147.89M |
| Comprehensive Income & Other | $0 | $0 | $904K | $5.99M |
| Other Stockholders' Equity | $825.63M | $519.83M | $474.24M | $297.98M |
| Total Equity | $781.77M | $422.02M | $474.69M | $446.01M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.09B | $1.24B | $1.19B | $871.84M |
| Supplementary Data | ||||
| Total Debt | $228.72M | $713.83M | $621.51M | $385.55M |
| Net Debt | -$20.08M | $663.97M | $587.83M | $281.2M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$37.35M | -$98.25M | -$147.7M | $90.44M |
| Depreciation & Amortization | $28.41M | $37.38M | $39.62M | $39.66M |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.13M | $2.99M | $2.3M | $2.73M |
| Changes in Working Capital: | ||||
| Accounts Receivable | $36.89M | -$37.53M | -$36.66M | -$9.18M |
| Inventory | $25.69M | $3.14M | -$37.62M | -$2.5M |
| Accounts Payable | -$2.17M | $6.29M | $31.22M | -$6.18M |
| Other Working Capital | $9.73M | -$7.35M | -$57.96M | -$357K |
| Total Working Capital Change | $70.13M | -$35.44M | -$101.02M | -$18.23M |
| Other Non-Cash Items | $12.28M | $37.79M | $10M | $2.98M |
| Net Cash from Operating | $75.59M | -$55.53M | -$196.79M | $117.6M |
| Investing Activities | ||||
| Capital Expenditures | -$31.69M | -$172.86M | -$75.93M | -$55.72M |
| Acquisitions | $22.8M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $83.43M | $126.11M | $66.24M | $18.84M |
| Net Cash from Investing | $74.54M | -$46.76M | -$9.69M | -$36.88M |
| Financing Activities | ||||
| Debt Repaid | $167.2M | $9.5M | $39.44M | -$21.76M |
| Common Stock Issuance | $0 | $0 | $103.75M | $103.76M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | $230.46M | $41.43M | $68.94M | -$99.49M |
| Net Cash from Financing | $63.26M | $116.92M | $133.25M | $26.03M |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | $213.39M | $14.64M | -$73.23M | $106.75M |
| Supplementary Data | ||||
| Operating Cash Flow | $75.59M | -$55.53M | -$196.79M | $117.6M |
| Capital Expenditure | -$31.69M | -$172.86M | -$75.93M | -$55.72M |
| Free Cash Flow | $43.9M | -$228.39M | -$272.73M | $61.87M |
| Cash at Beginning | $2.1M | $45.4M | $118.63M | $11.89M |
| Cash at End | $215.5M | $60.03M | $45.4M | $118.63M |