Filing Flows › Genco Shipping & Trading (GNK) › Q2 2025
Genco Shipping & Trading (GNK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Genco Shipping & Trading (GNK) reported revenue of $80.9M for the second quarter 2025 (Q2 2025), -24% from a year earlier and +14% from the quarter before. Operating margin was -5.3%, net loss $6.8M (8.4% of revenue).
Genco Shipping & Trading, Q2 2025: revenue $80.9M (-24% year over year), operating margin -5.3%, net loss $6.8M, operating cash flow $5.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.9M | +14% | -24% |
| Operating profit | −$4.3M | — | — |
| Net earnings | −$6.8M | — | — |
| Operating cash flow | $5.4M | +86% | -81% |
| Free cash flow | $4.3M | +92% | -84% |
What changed
Revenue was $80.9M in Q2 2025, down 24% year over year and up 14% from the previous quarter.
Operating costs exceeded revenue by $4.3M, an operating margin of -5.3%. Total costs grew 6% against a revenue fall of 24%. The fastest-growing cost line was General & admin (+17%). The quarter ended with a net loss of $6.8M, narrower than the previous quarter's $12.0M loss.
Operating cash flow was $5.4M (down 81% year over year). Non-cash charges added back $18.1M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $7.7M. Capital expenditures of $1.1M left free cash flow of $4.3M.
Questions
What was Genco Shipping & Trading's revenue in the second quarter 2025?
Genco Shipping & Trading (GNK) reported revenue of $80.9M for the second quarter 2025 (Q2 2025), -24% from a year earlier and +14% from the quarter before.
Was Genco Shipping & Trading profitable in the second quarter 2025?
Operating loss was $4.3M (-5.3% of revenue) and net loss $6.8M.