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C3is Inc.
(NASDAQ:CISS)
C3is Inc. (CISS) vs. SPDR S&P 500 ETF (SPY)
C3is Inc. Business Overview & Revenue Model
C3is Inc. Key Performance Indicators (KPIs)
Indicates the average size of the fleet over a period, highlighting the company's capacity to generate revenue and its market presence in the shipping industry.
The FlyC3is Inc. Earnings Call Summary
C3is Inc. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.76M | 42.30M | 28.74M | 3.29M | 6.27M |
| Gross Profit | 4.43M | 13.62M | 12.02M | 750.83K | 3.78M |
| EBITDA | 7.87M | 5.90M | 14.76M | 1.11M | 4.10M |
| Net Income | 10.47M | -2.75M | 9.29M | 551.59K | 3.61M |
Balance Sheet | |||||
| Total Assets | 98.49M | 100.49M | 95.47M | 39.86M | 16.36M |
| Cash, Cash Equivalents and Short-Term Investments | 14.94M | 12.59M | 9.06M | 0.00 | 18.99K |
| Total Debt | 24.75K | 28.77K | 0.00 | 0.00 | 7.28M |
| Total Liabilities | 3.39M | 29.13M | 39.93M | 965.47K | 7.61M |
| Stockholders Equity | 95.10M | 71.36M | 55.54M | 38.89M | 8.75M |
Cash Flow | |||||
| Free Cash Flow | 3.84M | 23.35M | 1.34M | -38.34M | -11.65M |
| Operating Cash Flow | 4.00M | 24.98M | 5.64M | 1.05M | -12.08K |
| Investing Cash Flow | -6.54M | -1.36M | -12.43M | -39.39M | -11.64M |
| Financing Cash Flow | -1.49M | -19.67M | 7.48M | 38.34M | 12.42M |
C3is Inc. Technical Analysis
C3is Inc. Risk Analysis
C3is Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $26.60M | 1.17 | 17.90% | ― | -11.07% | -13.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $388.82K | -0.01 | 7.12% | ― | -27.96% | -98.99% | |
52 Neutral | $21.45M | -0.69 | -5.54% | ― | -1.35% | -118.25% | |
51 Neutral | $40.14M | -8.95 | -2.63% | ― | 18.49% | -264.74% | |
47 Neutral | $17.88M | -4.07 | -7.09% | 6.20% | -8.96% | -88.67% |
C3is Inc. Corporate Events
On February 19, 2026, C3is Inc. reported unaudited financial and operating results for the fourth quarter and full year ended December 31, 2025, highlighting stronger earnings driven by higher time charter equivalent rates and improved fleet utilization. The company posted Q4 2025 voyage revenues of $10.6 million, net income of $5.2 million and EBITDA of $6.7 million, while for the full year 2025 it generated net income of $10.5 million and EBITDA of $17 million, supported by reduced finance costs after fully repaying prior related-party acquisition loans.
Operational metrics showed fleet utilization rising to 93.5% in Q4 2025 from 90.2% a year earlier, with all vessels unencumbered and cash and time deposits totaling $14.9 million at year-end, underscoring a debt-free balance sheet on the owned fleet. During Q4 2025 the company raised fresh equity through two offerings totaling about $11 million, and between December 2025 and January 2026 it agreed to acquire two product tankers for $39.8 million via a one-year interest-free loan, while in January 2026 it executed a 1-for-20 reverse stock split to maintain its Nasdaq listing, collectively signaling a push to expand its tanker footprint and shore up market positioning.
The most recent analyst rating on (CISS) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on C3is Inc. stock, see the CISS Stock Forecast page.
On January 23, 2026, C3is Inc. filed an amendment to its Restated Articles of Incorporation to implement a one‑for‑20 reverse stock split of its common stock, which became effective at 11:59 p.m. Eastern time on January 25, 2026, with split‑adjusted trading on Nasdaq beginning January 26, 2026. The move cut the number of outstanding common shares from about 24.7 million to approximately 1.23 million, with no fractional shares issued; holders otherwise entitled to fractional shares received cash in lieu, while the par value and other terms of the common stock and preferred stock remained unchanged. The company’s warrants and Series A Convertible Preferred Stock were proportionately adjusted to reflect the new share count, and certain warrant classes received additional exercise price adjustments tied to the stock’s volume‑weighted average price around the effective date, signaling a comprehensive recapitalization effort aimed at maintaining compliance and aligning its capital structure with market trading conditions; the post‑split common shares now trade under a new CUSIP but continue to use the “CISS” ticker.
The most recent analyst rating on (CISS) stock is a Hold with a $0.09 price target. To see the full list of analyst forecasts on C3is Inc. stock, see the CISS Stock Forecast page.
On January 22, 2026, C3is Inc. announced that its board has approved a one-for-20 reverse stock split of its common shares, effective at 11:59 p.m. Eastern Time on January 25, 2026, with split-adjusted trading on the Nasdaq Capital Market to begin on January 26, 2026 under a new CUSIP number. The action will reduce the company’s outstanding common stock from roughly 20.5 million shares to about 1.02 million, with warrants and Series A Convertible Preferred Stock proportionally adjusted and fractional shares cashed out based on the January 23, 2026 closing price, as C3is seeks to boost its share price to meet Nasdaq’s minimum bid requirement and preserve its stock market listing—an important step for maintaining access to public equity markets and visibility with investors.
The most recent analyst rating on (CISS) stock is a Hold with a $0.13 price target. To see the full list of analyst forecasts on C3is Inc. stock, see the CISS Stock Forecast page.
On January 20, 2026, C3is Inc. announced it has agreed to acquire a 2011 South Korean-built product tanker with 47,203 deadweight tons capacity for $22.9 million from an entity affiliated with Brave Maritime Corp Inc., a related party to members of the Vafias family. The deal, approved by the company’s independent directors based on independent vessel valuations, allows C3is to defer payment for up to one year from the purchase agreement date without interest, and the vessel is expected to be delivered between the first and second quarters of 2026. Following delivery of this tanker and assuming no further fleet changes beyond another pending product tanker acquisition, C3is’s fleet will increase to six vessels with a total capacity of 310,667 deadweight tons, enhancing its scale and diversification across drybulk and tanker segments, which may strengthen its competitive position in the shipping market.
The most recent analyst rating on (CISS) stock is a Hold with a $0.13 price target. To see the full list of analyst forecasts on C3is Inc. stock, see the CISS Stock Forecast page.
On December 19, 2025, C3is Inc. announced it had entered into an agreement to acquire a South Korean-built 2008 product tanker with 50,000 dwt capacity for $16.88 million from an entity affiliated with Brave Maritime Corp Inc., a company linked to the Vafias family. The deal, approved by C3is’s independent directors after obtaining third-party vessel valuations, includes an option for the company to defer payment for one year from the purchase agreement date without interest. Delivery of the vessel is expected in the second or third quarter of 2026, at which point, assuming no additional fleet changes, C3is’s fleet will comprise five vessels with a total capacity of about 263,464 dwt, enhancing its scale and product tanker exposure within the global shipping market.
On December 12, 2025, C3is Inc. completed a registered offering of 7,500,000 units, raising approximately $9 million in gross proceeds. This offering included common units and pre-funded units, each with associated warrants, and was facilitated by Aegis Capital Corp. as the placement agent. The completion of this offering is expected to impact the company’s financial standing and market presence, providing additional capital for operations and potentially influencing its stock performance.