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| Date | Value |
|---|---|
| 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 |