Top Ships (TOPS) Equity Average (2014 - 2025)

Top Ships' Equity Average history runs 9 years deep, the most recent figure standing at $108.2 million for Q4 2025.

• In Q4 2025, Equity Average fell 24.3% year-over-year to $108.2 million; the TTM figure through Dec 2025 stood at $108.2 million (down 24.3% YoY), while the FY2025 annual figure was $116.8 million, down 17.71% from the prior year.
• Equity Average was $108.2 million for Q4 2025 at Top Ships, down from $135.8 million in the prior quarter.
• In the past five years, Equity Average ranged from a high of $142.9 million in Q4 2024 to a low of $90.9 million in Q2 2022.
• Historically, Equity Average has averaged $121.0 million across 4 years, with a median of $125.3 million in 2023.
• The sharpest annual moves came in 2023 and 2025: Equity Average soared 33.0% in 2023, then declined 24.3% in 2025.
• A 4-year view of Equity Average shows it stood at $99.6 million in 2022, then jumped by 33.0% to $132.5 million in 2023, then grew by 7.83% to $142.9 million in 2024, then slipped by 24.3% to $108.2 million in 2025.
• The last three Equity Average figures came in at $108.2 million (Q4 2025), $135.8 million (Q2 2025), and $142.9 million (Q4 2024), per Business Quant data.