OceanPal Inc (SVRN) AI Stock Analysis

• Market Cap: $37.35M
• Dividend Yield: N/A
• Average Volume (3M): 129.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: 35.58%
• EPS Growth: -64.91%
• Country: US
• Employees: 87
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 31,121,477
• 10 Day Avg. Volume: 131,358
• 30 Day Avg. Volume: 129,190
• PEG Ratio: 0.00
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.02
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: -0.18
• Enterprise Value/Revenue: -0.26
• Enterprise Value/Gross Profit: -2.84
• Enterprise Value/Ebitda: 0.52
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $1.00

The score is held down primarily by sharply weakened profitability and significant 2024 cash burn, alongside bearish technical momentum (price below key moving averages and negative MACD). A debt-free balance sheet provides some stability, while valuation is difficult to assess due to losses and no dividend data.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure reduces refinancing and interest-rate risk, giving management durable flexibility to allocate cash or raise equity on better terms. Over a 2–6 month horizon this conservatism supports liquidity management while the company addresses operating losses.

Historic ability to generate FCF

Prior periods of positive free cash flow demonstrate the business can generate cash in favorable conditions, implying operational economics that can recover. This historical track record increases the plausibility of returning to positive cash generation once revenue or rates improve.

Lean operating footprint

A small employee base implies a lean cost structure and operational flexibility, enabling quicker cost adjustments and lower fixed-cost runway consumption. That structural agility can help preserve cash and adapt strategy during the multi-month recovery period.

Negative Factors

Sharp profitability deterioration

Revenue decline and collapsing margins reflect a meaningful reset in core profitability. Persistent deep negative margins undermine the business model’s ability to self-fund, increasing the risk that operating losses persist absent structural revenue or cost improvements over the next several months.

Significant cash burn and negative FCF

Deeply negative free cash flow and recently negative operating cash flow create tangible liquidity pressure. Over a 2–6 month horizon this elevated burn increases the likelihood management must seek external financing or asset actions, diluting long-term flexibility and execution capacity.

Eroding equity & poor ROE

Declining shareholder equity and a sharply negative ROE indicate capital destruction and poor returns on invested capital. This structural weakness makes it harder to attract new investment and raises the bar for management to demonstrate a sustainable turnaround in underlying economics.

OceanPal Inc Business Overview & Revenue Model

Company Description

OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. It also specializes in the ownership of vessels. The firm transports iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on April 15, 2021 and is headquartered in Athens, Greece.

How the Company Makes Money

OceanPal Inc generates revenue through the leasing of its dry bulk vessels to customers under time and voyage charters. Time charters involve leasing the vessel for a fixed period at a set daily rate, with the charterer responsible for the vessel's fuel and port charges, while voyage charters are agreements to transport a specific cargo from one port to another for a fixed price per ton. The company's revenue is largely influenced by factors such as charter rates, demand for dry bulk shipping, and global economic conditions. Significant partnerships with commodity producers, traders, and shipping brokers also play a crucial role in ensuring a steady stream of business opportunities and revenue for OceanPal Inc.

OceanPal Inc Financial Statement Overview

Summary

OceanPal Inc's financials show a stable balance sheet with no debt, but significant profitability and cash flow issues. Revenue growth is positive, but large negative margins and liquidity challenges are concerning.

Income Statement

OceanPal Inc's TTM (Trailing-Twelve-Months) income statement reveals significant challenges. The company has a negative net profit margin of -69.5% and a gross profit margin of 9.0%, indicating operational inefficiencies. Revenue growth year-over-year is 35.5%, which is positive; however, EBIT and EBITDA margins are notably negative, at -70.3% and -55.7%, respectively. Overall, the company is struggling with profitability despite some revenue growth, requiring attention to cost management and operational efficiency.

Balance Sheet

The balance sheet shows OceanPal Inc is relatively stable. With no debt, the company’s debt-to-equity ratio is 0, which is a positive sign of financial stability. The equity ratio is strong at 94.3%, reflecting a solid capital structure. However, the return on equity is negative due to the net loss, which is a concern. The lack of leverage provides a cushion against financial distress, though the challenge is turning equity into profit.

Cash Flow

Cash flow analysis for OceanPal Inc highlights significant issues. There is a negative free cash flow of -$22.4 million, and the free cash flow has deteriorated compared to the previous year. The operating cash flow to net income ratio is not meaningful due to the negative figures, indicating cash flow problems. Overall, the company faces liquidity challenges, with a need for improved cash generation from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.70M	18.96M	19.09M	1.33M	9.41M
Gross Profit	2.31M	5.54M	8.53M	926.00K	-65.10K
EBITDA	-10.55M	6.60M	4.57M	488.00K	-1.64M
Net Income	-17.86M	-1.98M	-326.00K	134.00K	-3.80M
Balance Sheet
Total Assets	89.46M	94.84M	79.02M	49.08M	37.19M
Cash, Cash Equivalents and Short-Term Investments	7.16M	14.84M	8.45M	1.67M	39.64K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.09M	2.29M	2.46M	931.00K	1.89M
Stockholders Equity	84.37M	92.56M	76.56M	48.15M	35.30M
Cash Flow
Free Cash Flow	-22.44M	-3.55M	-3.58M	673.00K	-4.20M
Operating Cash Flow	-3.53M	815.00K	1.51M	715.00K	-2.72M
Investing Cash Flow	-2.52M	-6.01M	-5.09M	-42.00K	-1.47M
Financing Cash Flow	-1.64M	11.58M	10.36M	1.00M	4.24M

OceanPal Inc Technical Analysis

• Last Price: ―

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SVRN, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for SVRN.

OceanPal Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

OceanPal Inc Corporate Events

OceanPal Inc. Announces Board Changes with New Appointment

On December 11, 2025, OceanPal Inc. announced the resignation of Ms. Styliani Alexandra Sougioultzoglou from its Board of Directors and Compensation Committee, effective immediately. Her departure was not due to any disagreements with the company. Subsequently, Mr. Richard Mortimer Muirhead was appointed as a Class I director and joined the Compensation Committee. Mr. Muirhead brings extensive experience in frontier technology and investment, having contributed to the creation of over $2 billion in enterprise value through his roles in various companies and organizations.

OceanPal Inc. Grants Restricted Stock to Executives and Advisors

On November 25, 2025, OceanPal Inc. announced the issuance of restricted stock awards to executives and advisors, including 2,192,142 shares to key executives as an inducement for their appointments. These shares are subject to vesting schedules and conditions related to continued employment. Additionally, 986,582 shares were granted to advisors under agreements to provide strategic guidance in the crypto technology sector, with specific vesting terms. This move aims to align the interests of executives and advisors with the company’s growth and operational goals, potentially impacting its strategic positioning in the market.