HMR PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d

HMR ▼ -7.71% at T+20d

NEUTRAL call ✗ call lost -7.71% · α vs SPY -16.61% · entry $0.8560 → $0.7900

Next anchor: T+60d in 8d

Last close $1.49 (close Jun 8) · +74.07% from $0.8560 entry

Entry anchored
Mar 23, 03:50 PM ET
via Databento tick

T+1d

-4.56%

call -4.56% · α -5.12%

$0.8170

settled 3mo ago

T+5d

-1.40%

call -1.40% · α -0.98%

$0.8440

settled 2mo ago

T+20d

-7.71%

call -7.71% · α -16.61%

$0.7900

settled 7w ago

T+60d

—

call — · α —

—

in 8d

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Executive Summary

Heidmar reported strong revenue growth for Q4 and full-year 2025, with revenues up 373% YoY in Q4 to $25.1 million and up 93% for the year to $55.9 million, driven by fleet expansion. However, the company posted a net loss of $4.0 million in Q4 and $8.6 million for the year, with elevated G&A expenses due to public company costs and stock-based compensation. Despite improving operational scale, GAAP profitability remains elusive.

Key Financial Metrics

Revenue

$25.1M

+373.0% YoY

Adj. EPS

$-0.06

GAAP: $-0.07

Actionable Insight

Revenue growth is robust and fleet expansion continues, but profitability is under pressure from high G&A. Monitor whether operating leverage improves in 2026 as new vessels contribute. CEO's significant share purchases signal confidence, but traders should watch for margin stabilization before taking long positions.

Key Facts

Q4 2025 revenue: $25.1 million, up from $5.3 million in Q4 2024 (373% YoY growth)
Full-year 2025 revenue: $55.9 million vs. $28.9 million in 2024 (93% growth)
Q4 net loss: $4.0 million ($0.07 per share); full-year net loss from continuing operations: $8.6 million ($0.15 per share)
G&A expenses rose to $18.5 million in 2025 from $12.9 million in 2024, driven by public listing costs and stock-based compensation
Adjusted EBITDA for 2025 was $51,254, down sharply from $3.4 million in 2024
Fleet expanded to 40 managed vessels, with several newbuilds delivered in early 2026
CEO increased personal ownership to ~45% via open market purchases

Financial Impact

Revenue nearly doubled in 2025, but losses widened due to higher operating costs; Adjusted EBITDA declined to near breakeven

revenueepsg_and_a_expensesebitdacash_flow

Risk Factors

Continued net losses despite revenue growth
High G&A costs related to public listing may persist
Geopolitical risks in Middle East impacting operations and charter stability
Adjusted EBITDA has collapsed year-over-year, signaling weak core profitability

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3261191

5 reports for HMR

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for HMR — sortable, filterable
	Type				Now
May 20, 2026 20d ago	Press Release NEUTRAL ★ 3/10	$1.16 $1.14	▼ −1.72%	▼ −3.32%	$1.49 (+28.45%)
May 4, 2026 5w ago	6-K NEUTRAL ★ 2/10	$0.7900 $0.8130	▲ +2.91%	▲ +0.93%	$1.49 (+88.61%)
Apr 24, 2026 6w ago	6-K BEARISH ★ 6/10	$0.7850 $0.7800	▲ +0.64%	▲ +1.04%	$1.49 (−89.81%)
Mar 24, 2026 11w ago	Press Release MIXED ★ 6/10	$0.8560 $0.8440	▼ −1.40%	▼ −0.98%	$1.49 (+74.07%)
Mar 18, 2026 11w ago	Press Release NEUTRAL ★ 3/10	$0.8630 $0.8150	▼ −5.56%	▼ −3.35%	$1.49 (+72.65%)

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