CTRM PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

CTRM ▼ -7.23% at T+5d

NEUTRAL call ✗ call lost -7.23% · α vs SPY -4.27% · entry $2.35 → $2.18

Next anchor: T+20d in 14d

Currently $2.11 · -10.21% from $2.35 entry

Entry anchored
Jun 1, 02:43 PM ET
via Databento tick

T+1d

-4.68%

call -4.68% · α -3.99%

$2.24

settled 14d ago

T+5d

-7.23%

call -7.23% · α -4.27%

$2.18

settled 8d ago

T+20d

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call — · α —

—

in 14d

T+60d

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call — · α —

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in 2mo

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Executive Summary

Castor Maritime reported Q1 2026 results with total vessel revenues up 5.3% YoY to $11.9M and a GAAP net income swing to $69.2M from a $23.3M loss, driven mainly by $46.5M in unrealized gains from equity method investments. Adjusted net income (non-GAAP) doubled to $9.6M, reflecting improved charter rates and asset management performance. The company provided no forward guidance, and the core shipping business showed modest growth against a smaller fleet.

Actionable Insight

The core shipping business showed rate improvement but a shrinking fleet, while the large net income gain is non-recurring (unrealized fair value adjustments). Focus on future charter rate trends and potential vessel acquisitions or sales to gauge operational trajectory.

Key Facts

Total vessel revenues $11.9M, +5.3% YoY; total revenues $21.3M, +4.5% YoY
Net income $69.2M vs. -$23.3M loss, largely from unrealized fair value gains on equity investments
Adjusted net income (non-GAAP) $9.6M vs. $4.9M, +96% YoY
Daily TCE Rate $14,926, +56% YoY, partly offset by fleet reduction (Available Days -31%)
Cash and restricted cash $192.8M, up $40M from Dec 2025, partly from a sale-and-leaseback
No earnings guidance provided in the release

Financial Impact

Adjusted net income doubled YoY to $9.6M, but GAAP net income includes large non-cash gains; core vessel revenue grew modestly.

total vessel revenuesnet incomeadjusted net incomecash position

Risk Factors

Volatile charter rates and shipping market cycles
Significant exposure to equity investment valuations (MPCC stake)
Dilution risk from convertible preferred shares (Series D)

Market Snapshot

Exchange

Nasdaq

Sector

Deep Sea Foreign Transportation of Freight

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3305273

5 reports for CTRM

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

67% Hit rate 2 of 3 directional calls best @ T+20▲ +5.38%Apr 15, 2026

Filters

Reports for CTRM — sortable, filterable
	Type				Now
Jun 2, 2026 14d ago	6-K BULLISH ★ 7/10	$2.35 $2.18	▼ −7.23%	▼ −4.27%	$2.11 (−10.21%)
Jun 2, 2026 14d ago	Press Release NEUTRAL ★ 4/10	$2.35 $2.18	▼ −7.23%	▼ −4.27%	$2.11 (−10.21%)
Apr 15, 2026 8w ago	Press Release NEUTRAL ★ 3/10	$1.82 $1.92	▲ +5.49%	▲ +4.51%	$2.11 (+15.93%)
Apr 15, 2026 8w ago	20-F BULLISH ★ 7/10	$1.86 $1.86	▼ −0.16%	▼ −1.80%	$2.11 (+13.44%)
Apr 15, 2026 8w ago	6-K BULLISH ★ 7/10	$1.86 $1.86	▼ −0.16%	▼ −1.80%	$2.11 (+13.44%)

US Market Status

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