Top Ships (TOPS) Interest Expenses (2009 - 2025)

Top Ships (TOPS) posted quarterly Interest Expenses of $1.9 million for Q4 2025, down 68.48% year-on-year from $6.0 million in Q4 2024, and down 67.06% on a QoQ basis from $5.7 million in Q2 2025.

Top Ships (TOPS) Interest Expenses (2009 - 2025) Analysis & Trends

Top Ships (TOPS) has reported Interest Expenses for 16 consecutive years, with $1.9 million the latest figure, recorded in Q4 2025.

  • Quarterly Interest Expenses fell 68.48% year-over-year to $1.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.9 million (down 68.48% YoY) and the FY2025 annual result came in at $23.4 million, changed 0.38% from the prior year.
  • Interest Expenses eased to $1.9 million in Q4 2025 per TOPS's latest filing, from $5.7 million in the prior quarter.
  • Over the last five years, Interest Expenses for TOPS reached as high as $120.4 million in Q2 2021 and fell as low as -$14365.0 in Q4 2022.
  • A 5-year average of $20.5 million and a median of $5.9 million in 2024 frame the typical range for Interest Expenses.
  • Annual changes were most pronounced in 2022 — Interest Expenses tumbled 105.27% — and 2023, when it jumped 29887.68%.
  • Year by year, Interest Expenses stood at -$6998.0 in 2021, then plunged by 105.27% to -$14365.0 in 2022, then soared by 29887.68% to $4.3 million in 2023, then surged by 39.96% to $6.0 million in 2024, then slumped by 68.48% to $1.9 million in 2025.
  • According to Business Quant data, Interest Expenses over the past three periods registered $1.9 million, $5.7 million, and $6.0 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 5.65 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -20.11 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 256.00 Mn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 891.09 Mn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 659.00 Mn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 626.02 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 947.00 Mn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 384.00 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 439.00 Mn
10 Top Ships 4.15 Mn 4.15 Mn - 1.89 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.89 Mn
Dec 31, 2025 1.89 Mn
Jun 30, 2025 5.73 Mn
Jun 30, 2025 5.73 Mn
Dec 31, 2024 5.99 Mn
Dec 31, 2024 5.99 Mn
Jun 30, 2024 11.72 Mn
Jun 30, 2024 11.72 Mn
Dec 31, 2023 4.28 Mn
Dec 31, 2023 4.28 Mn
Jun 30, 2023 21.97 Mn
Jun 30, 2023 21.97 Mn
Dec 31, 2022 -14,365.00
Dec 31, 2022 -14,365.00
Jun 30, 2022 33.06 Mn
Jun 30, 2022 33.06 Mn
Dec 31, 2021 -6,998.00
Dec 31, 2021 -6,998.00
Jun 30, 2021 120.44 Mn
Jun 30, 2021 120.44 Mn