Pangaea Logistics Solutions (PANL) Payables (2013 - 2026)
Pangaea Logistics Solutions (PANL) posted Payables of $73.3 million for Q1 2026, up 30.22% sequentially from $56.3 million in Q4 2025, and up 66.1% YoY from $44.1 million in Q1 2025.
Pangaea Logistics Solutions (PANL) Payables (2013 - 2026) Analysis & Trends
Pangaea Logistics Solutions has reported Payables for 14 years, with the latest figure at $73.3 million in Q1 2026.
- Quarterly Payables rose 66.1% year-over-year to $73.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $73.3 million (up 66.1% YoY) and the FY2025 annual result came in at $56.3 million, up 14.88% from the prior year.
- Payables grew to $73.3 million in Q1 2026 per PANL's latest filing, from $56.3 million in the prior quarter.
- Over five years, Payables peaked at $73.3 million in Q1 2026 and troughed at $33.9 million in Q1 2024.
- A 5-year average of $49.9 million and a median of $47.5 million in 2023 frame the typical range for Payables.
- The sharpest annual moves came in 2022 and 2023: Payables surged 92.93% in 2022, then decreased 27.96% in 2023.
- Over 5 years, Payables stood at $39.2 million in 2022, then retreated by 5.61% to $37.0 million in 2023, then soared by 32.42% to $49.0 million in 2024, then grew by 14.88% to $56.3 million in 2025, then surged by 30.22% to $73.3 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $73.3 million, $56.3 million, and $65.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.46 Bn | 7.42 Bn | 290.80 Mn | 255.70 Mn |
| 2 | Matson | 6.58 Bn | 6.46 Bn | - | 337.60 Mn |
| 3 | Hafnia | 3.91 Bn | 3.80 Bn | 152.41 Mn | 566.73 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.55 Bn | 57.20 Mn | 703.70 Mn |
| 5 | Star Bulk Carriers | 3.37 Bn | 2.87 Bn | - | 60.55 Mn |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 25.13 Mn |
| 7 | Okeanis Eco Tankers | 2.45 Bn | 2.23 Bn | 12,231.53 Bn | 32.30 Mn |
| 8 | Navios Maritime Partners | 2.38 Bn | 1.97 Bn | 326.09 Mn | 14.34 Mn |
| 9 | Costamare | 1.81 Bn | 1.51 Bn | 185.32 Mn | 26.54 Mn |
| 10 | Pangaea Logistics Solutions | 502.18 Mn | 442.56 Mn | - | 83.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.62 Mn |
| Mar 31, 2026 | 73.26 Mn |
| Dec 31, 2025 | 56.26 Mn |
| Sep 30, 2025 | 65.38 Mn |
| Jun 30, 2025 | 62.52 Mn |
| Mar 31, 2025 | 44.11 Mn |
| Dec 31, 2024 | 48.97 Mn |
| Sep 30, 2024 | 49.06 Mn |
| Jun 30, 2024 | 40.37 Mn |
| Mar 31, 2024 | 33.92 Mn |
| Dec 31, 2023 | 36.98 Mn |
| Sep 30, 2023 | 43.35 Mn |
| Jun 30, 2023 | 47.51 Mn |
| Mar 31, 2023 | 40.86 Mn |
| Dec 31, 2022 | 39.18 Mn |
| Sep 30, 2022 | 44.69 Mn |
| Jun 30, 2022 | 65.50 Mn |
| Mar 31, 2022 | 56.72 Mn |
| Dec 31, 2021 | 49.37 Mn |
| Sep 30, 2021 | 50.99 Mn |