Pangaea Logistics Solutions Ltd. Earnings Per Share Disclosure
| For the Years Ended | |||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||
| Net income | $ | 19,369 | $ | 28,903 | |||||||
| Weighted Average Shares - Basic | 63,802,958 | 45,391,855 | |||||||||
| Dilutive effect of restricted stock awards | 900,515 | 654,189 | |||||||||
| Weighted Average Shares - Diluted | 64,703,473 | 46,046,044 | |||||||||
| Basic net income per share | $ | 0.30 | $ | 0.64 | |||||||
| Diluted net income per share | $ | 0.30 | $ | 0.63 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 18, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.