Top Ships (TOPS) Enterprise Value (2009 - 2025)

Top Ships (TOPS) has reported Enterprise Value for 17 consecutive years, with -$20.4 million the latest figure, recorded in Q4 2025.

• Quarterly Enterprise Value fell 111.57% year-over-year to -$20.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$20.4 million (down 111.57% YoY) and the FY2025 annual result came in at -$20.4 million, down 111.57% from the prior year.
• Enterprise Value fell to -$20.4 million in Q4 2025 per TOPS's latest filing, from -$12.0 million in the prior quarter.
• Over the last five years, Enterprise Value for TOPS reached as high as -$2.4 million in Q4 2021 and fell as low as -$36.0 million in Q4 2023.
• A 5-year average of -$18.8 million and a median of -$20.5 million in 2022 frame the typical range for Enterprise Value.
• Annual changes were most pronounced in 2021 — Enterprise Value surged 87.74% — and 2022, when it slumped 766.84%.
• Year by year, Enterprise Value stood at -$2.4 million in 2021, then sank by 766.84% to -$20.5 million in 2022, then sank by 75.02% to -$36.0 million in 2023, then soared by 73.22% to -$9.6 million in 2024, then sank by 111.57% to -$20.4 million in 2025.
• According to Business Quant data, Enterprise Value over the past three periods registered -$20.4 million, -$12.0 million, and -$9.6 million for Q4 2025, Q2 2025, and Q4 2024 respectively.