C3is Inc. Common Stock

C3is Inc. Common Stock Earnings Recaps

CISS Industrials 2 recaps
Q1 2026 May 19, 2026

C3IS shares gained 3.9% following Q1 26 earnings, driven primarily by significant improvements in adjusted net income and vessel earnings, reflecting a better-than-expected operational performance amid ongoing geopolitical challenges.

Key takeaways
  • Adjusted net income surged 358% year-over-year, reaching $5.5 million compared to $1 million in Q1 25.
  • Voyage revenues increased 34% to $11.6 million, supported by strong Aframax tanker TCE rates which more than doubled to $77,500 per day.
  • Adjusted EBITDA rose 130% year-over-year to $6.9 million, reflecting improved fleet utilization and market conditions.
  • Fleet capacity expanded by 387% since inception, with the first new product tanker delivered in Q2 26 and a second expected in Q3 26.
  • Market conditions remain pressured by Middle East geopolitical tensions, with disruptions in key shipping routes but offset by higher time charter rates and cargo rerouting.
Full recap
Q3 2025 Nov 18, 2025

C3is reported a net income of $5.26 million for Q3 2025, marking a significant turnaround from a $3 million net loss during the same period last year, driven by improved EBITDA and recovery in operational efficiencies despite lower voyage revenues.

Key takeaways
  • Achieved EBITDA of $10 million, a 245% increase year-over-year, showcasing enhanced operational performance.
  • Voyage revenues declined by 24%, attributed to the drydocking of the Aframax tanker, which affected earnings from a critical asset.
  • Settled a $14.6 million outstanding balance, improving financial stability and reducing debt obligations.
Full recap