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The financials
Genco Shipping & Trading Limited by the numbers
Genco Shipping & Trading Limited (GNK) reported revenue of $114M in Q1 2026 (quarter ended Mar 31, 2026), up 61% from the same quarter a year earlier. That came with a gross margin of 77% and net income of $9.3M (8.1% of revenue). For the full year FY2025, revenue was $342M (−19% year on year) and net income −$4.4M. Its largest segment in Jun 2026 was Major Bulk at $82M, 60% of the disclosed total, ahead of Minor Bulk at 40%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $114M | $71M | +61% |
| Gross profit | $88M | $46M | +90% |
| Operating income | $13M | −$9.8M | to a profit |
| Net income | $9.3M | −$12M | to a profit |
| Diluted EPS | $0.21 | −$0.28 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Major Bulk | $82M | 60% |
| Minor Bulk | $55M | 40% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $136.4M (+19%)
Major Bulk grew +117% year on yearMinor Bulk +26% year on year
Segment Latestquarter on quarteryear on year
- Major Bulk$81.8M$81.8MQoQ +45%year on year +117%+45%+117%
- Minor Bulk$54.7M$54.7MQoQ -5.6%year on year +26%-5.6%+26%