DSX on NYSE

DIANA SHIPPING INC.

DIANA SHIPPING INC. is a Deep Sea Foreign Transportation of Freight company, listed on NYSE (DSX).1

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Last updated Oct 21, 2026.

Overview

$213.5MRevenue, fiscal 20252
$17.8MNet income, fiscal 20252

Compare with High-Trend International Group, SEACOR Marine Holdings Inc. or Euroseas, or pick any stock.

  • TickerDSX on NYSE1
  • IndustryDeep Sea Foreign Transportation of Freight1
  • Business addressPendelis 16, 175 64 Palaio Faliro, Athens, J3 000003
  • Filer categoryAccelerated filer3

May 5, 2025, a new partner was admitted to Windward which reduced our ownership percentage to 34%.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.8%Operating margin2
8.3%Net margin2
-6.4%Revenue growth, 20252
3.5%Return on equity2
0.94×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs72¢$152.8M
  • Interest20¢$43.0M
  • Profit8¢$17.8M

Out of $213.5M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid10¢$4.6M
  • Share buybacks49¢$23.0M
  • Kept or used elsewhere42¢$19.8M

Out of $47.5M of cash from operations.2

Financial statements

Revenue567892$213.5M in 2025−6% since 2018
0$100.0M$200.0M$300.0M2018: $226.2M$226.2M20182019: $220.7M$220.7M2019−2%2020: $169.7M$169.7M2020−23%2021: $214.2M$214.2M2021+26%2022: $290.0M$290.0M2022+35%2023: $262.1M$262.1M2023−10%2024: $228.2M$228.2M2024−13%2025: $213.5M$213.5M2025−6%
Operating income567892$42.2M in 2025+10% since 2018
-$200.0M-$100.0M0$100.0M$200.0M2018: $38.2M$38.2M20182019: $17.6M$17.6M2019−54%2020: -$112.7M-$112.7M20202021: $63.5M$63.5M20212022: $142.7M$142.7M2022+125%2023: $85.7M$85.7M2023−40%2024: $58.8M$58.8M2024−31%2025: $42.2M$42.2M2025−28%
Net income567892$17.8M in 2025+8% since 2018
-$200.0M-$100.0M0$100.0M$200.0M2018: $16.6M$16.6M20182019: -$10.5M-$10.5M20192020: -$134.2M-$134.2M2020+1174%2021: $57.4M$57.4M20212022: $119.1M$119.1M2022+107%2023: $49.8M$49.8M2023−58%2024: $12.7M$12.7M2024−74%2025: $17.8M$17.8M2025+40%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Time charter revenues$213.5M$228.2M$262.1M
Voyage expenses$12.4M$13.6M$13.6M
Vessel operating expenses (Note 3)$80.2M$82.6M$85.5M
Depreciation and amortization of deferred charges$46.5M$44.7M$49.8M
General and administrative expenses$34.1M$33.4M$33.0M
Management fees to a related party (Note 4(a))$1.2M$1.3M$1.3M
Gain on sale of vessels (Notes 3 and 6)-$3.7M-$5.8M-$5.3M
Other operating loss/(income)$538.0K-$422.0K-$1.5M
Operating income, total$42.2M$58.8M$85.7M
Interest expense and finance costs (Note 12)-$43.0M-$47.5M-$49.3M
Interest and other income$7.5M$8.4M$8.2M
Gain/(loss) on derivative instruments (Note 8)-$196.0K$274.0K-$439.0K
Loss on extinguishment of debt (Note 8)$0-$3.5M-$748.0K
Gain on deconsolidation of subsidiary (Note 4(b))$0$0$844.0K
Gain/(loss) on equity securities (Note 5(b))$14.7M-$400.0K$2.8M
Gain on warrants (Note 11(h))$490.0K$719.0K$1.6M
Loss from equity method investments (Note 4)-$2.8M-$146.0K-$262.0K
Total other expenses, net-$24.4M-$46.0M-$35.9M
Net income$17.8M$12.7M$49.8M
Dividends on series B preferred shares (Notes 11(b) and 13)-$5.8M-$5.8M-$5.8M
Net income attributable to common stockholders$12.1M$7.0M$44.1M
Earnings per common share, basic (Note 13)$0.11$0.06$0.44
Earnings per common share, diluted (Note 13)$0.11$0.05$0.42
Weighted average number of common shares outstanding, basic (Note 13)110.5M shares116.0M shares100.2M shares
Weighted average number of common shares outstanding, diluted (Note 13)110.5M shares118.7M shares101.9M shares
Gain/(loss) on related party investments (Note 5(a))-$1.1M-$3.9M$1.5M

Compare DIANA SHIPPING INC. with another company

Corporate structure

DIANA SHIPPING INC. sits at the top of its group. 3 entities on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DIANA SHIPPING INC.

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (2 companies). Each entity in the chart links to its source.

What it owns

What DIANA SHIPPING INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.0B2 Dec 31, 2025$1.1B2 Dec 31, 2024−2.2%
Accumulated depreciation$267.6M2 Dec 31, 2025$235.8M2 Dec 31, 2024+13.5%
Property and equipment, net$777.9M2 Dec 31, 2025$833.4M2 Dec 31, 2024−6.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$50.5M2 Dec 31, 2025$124.7M2 Dec 31, 2024−59.5%
Equity securities at fair value$118.2M2 Dec 31, 2025$02 Dec 31, 2024
Stakes in other companies (equity method)$53.9M2 Dec 31, 2025$42.8M2 Dec 31, 2024+25.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.1M2 Dec 31, 2025$4.2M2 Dec 31, 2024−1.3%

Leadership

Who has led DIANA SHIPPING INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (12)

Timeline

  1. Mar 18, 2026New chief executive Semiramis Paliou becomes CEO12

Calendar

Coming up

  1. Nov 19, 2026Reports results for the quarter ending Sep/202626

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

403 filings to the SEC since October 2021: 5 annual reports, 29 insider forms, 21 large holders, 348 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 8, 20266-K EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 24, 20264 EDGAR
  6. Sep 22, 20264 EDGAR
  7. Sep 22, 20266-K EDGAR
  8. Sep 18, 20264 EDGAR
  9. Sep 18, 20264 EDGAR
  10. Sep 16, 20266-K EDGAR
  11. Sep 16, 20264 EDGAR
  12. Sep 16, 20264 EDGAR
  13. Sep 15, 20264 EDGAR
  14. Aug 25, 20266-K EDGAR
  15. Aug 14, 20266-K EDGAR
  16. Aug 11, 20266-K EDGAR
  17. Aug 7, 20266-K EDGAR
  18. Aug 4, 20266-K EDGAR
  19. Jul 31, 2026SCHEDULE 13G EDGAR
  20. Jul 30, 20266-K EDGAR

The 403 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

DIANA SHIPPING INC. has told the SEC it owns more than 5% of 2 companies, latest first (Schedules 13D and 13G).

SEC filer profile

How DIANA SHIPPING INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDIANA SHIPPING INC.1
  • CIK0001318885
  • Filer statusAccelerated filer not an emerging growth company; not a shell company4
  • Incorporated inRepublic of the Marshall Islands4
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressPendelis 16, 175 64 Palaio Faliro, Athens, J3 000001
  • Phone30-210-947-01001
  • Shares outstanding115,787,434 shares as of Dec 31, 20254
  • AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMar 1, 20051
  • Filings1,306 in all: 6-K (916), SC 13G/A (38), SC TO-I/A (32), DFAN14A (25), 20-F (22), SC TO-T/A (22), SCHEDULE 13D/A (20), SC 13D/A (18)1
    All 50 form types

    4 (17), 424B5 (15), CORRESP (15), UPLOAD (15), 3 (14), SC 13G (13), SC TO-I (11), 425 (9), F-3 (9), 6-K/A (8), EFFECT (8), F-3/A (6), IRANNOTICE (6), 3/A (5), 424B2 (5), 8-A12B (5), SC 13D (5), 8-A12B/A (4), CERTNYS (4), 144 (3), 20-F/A (3), ARS (3), F-1/A (3), SCHEDULE 13D (3), SCHEDULE 13G/A (3), F-1 (2), FWP (2), PREC14A (2), SCHEDULE 13G (2), 25-NSE (1), 305B2 (1), 424B1 (1), 424B3 (1), 424B4 (1), 424B8 (1), CERT (1), DEFC14A (1), F-3ASR (1), F-3D (1), POS AM (1), RW (1), SC TO-T (1)

  • Latest filingsAnnual report (20-F) Mar 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value including the Preferred Stock Purchase RightsDSXNew York Stock Exchange
8.875% Series B Cumulative Redeemable Perpetual Preferred Shares, $0.01 par valueDSXPRBNew York Stock Exchange
Warrants to Purchase Common Stock, Expiring on or about December 14, 2026DSX WSNew York Stock Exchange

From the cover page of the 20-F filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4

Sources

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