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StealthGas Inc.

StealthGas Inc. is a Deep Sea Foreign Transportation of Freight company, listed on Nasdaq (GASS).1

$8.56 down 0.19 (2.17%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$173.2MRevenue, fiscal 20253
$60.6MNet income, fiscal 20253

Compare with Imperial Petroleum Inc./Marshall Islands, Sillo Maritime Perdana or DIANA SHIPPING INC., or pick any stock.

  • TickerGASS on Nasdaq1
  • IndustryDeep Sea Foreign Transportation of Freight1
  • Headquarters1T1
  • Incorporated inMarshall Islands4
  • Business address331 Kifissias Avenue, Erithrea 14561, Athens4
  • Filer categoryAccelerated filer4

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StealthGas Inc. was incorporated in December 2004 in the Republic of the Marshall Islands. Our registered address in the Marshall Islands is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. The name of our registered agent at such address is The Trust Company of the Marshall Islands, Inc. Our principal executive offices are located at 331 Kifissias Avenue, Kifissia 14561 Athens, Greece. Our telephone number for calls originating from the United States is (011) (30) (210) 625-0001.5 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

31.8%Operating margin3
35.0%Net margin3
3.5%Revenue growth, 20253
8.8%Return on equity3
0.00×Debt to equity3
$84.8MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Time Charter brought in 78% of the revenue StealthGas Inc. broke down this way in fiscal 2025.

  1. Time Charter$135.2M378%down 12% from 2024
  2. Voyage Charter$31.5M318%up 200% from 2024
  3. Other Income Revenues$6.5M34%up 66% from 2024
Products and services by year
Products and services202320242025
Time Charter$124.1M$152.8M$135.2M
Voyage Charter$18.3M$10.5M$31.5M
Other Income Revenues$1.2M$3.9M$6.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin1¢$1.1M
  • Other costs64¢$111.4M
  • Profit35¢$60.6M

Out of $173.2M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$412.4K
  • Kept or used elsewhere100¢$84.8M

Out of $85.2M of cash from operations.3

Financial statements

Revenue6789103$173.2M in 2025+5% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $164.3M$164.3M20182019: $144.3M$144.3M2019−12%2020: $145.0M$145.0M2020+1%2021: $150.2M$150.2M2021+4%2022: $152.8M$152.8M2022+2%2023: $143.5M$143.5M2023−6%2024: $167.3M$167.3M2024+17%2025: $173.2M$173.2M2025+4%
Operating income6789103$55.1M in 2025+423% since 2018
-$50.0M-$25.0M0$25.0M$50.0M$75.0M2018: $10.5M$10.5M20182019: $21.7M$21.7M2019+106%2020: $23.3M$23.3M2020+8%2021: -$31.0M-$31.0M20212022: $32.6M$32.6M20222023: $45.8M$45.8M2023+40%2024: $59.9M$59.9M2024+31%2025: $55.1M$55.1M2025−8%
Net income6789103$60.6M in 2025
-$50.0M0$50.0M$100.0M2018: -$12.3M-$12.3M20182019: $2.1M$2.1M20192020: $12.0M$12.0M2020+473%2021: -$35.1M-$35.1M20212022: $34.3M$34.3M20222023: $51.9M$51.9M2023+52%2024: $69.9M$69.9M2024+35%2025: $60.6M$60.6M2025−13%

Every line of the income statement as filed: the last 4 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-312022-12-31
Revenues$173.2M$167.3M$143.5M
Total revenues$173.2M$167.3M$143.5M
Voyage expenses$20.4M$9.6M$11.4M
Voyage expenses related party$2.1M$2.1M$1.8M
Vessels' operating expenses$53.0M$49.0M$52.2M
Vessels' operating expenses related party$933.6K$875.0K$911.2K
Dry-docking costs$3.6M$5.3M$2.6M
Management fees related party$4.4M$4.3M$4.5M
General and administrative expenses (including $1,074,549, $1,049,452 and $1,122,233 to related party)$8.3M$10.3M$5.3M
Depreciation$25.3M$26.1M$23.7M
Impairment loss$488.4K$0$2.8M
Net gain on sale of vessels-$538.0K-$46.4K-$7.6M
Total expenses$118.0M$107.4M$97.7M
Income from operations$55.1M$59.9M$45.8M
Interest and finance costs-$2.2M-$9.1M-$10.0M
Gain on derivatives$0$99.3K$237.6K
Interest income$3.0M$3.4M$3.7M
Foreign exchange loss-$282.7K-$70.7K-$190.7K
Other expenses, net$429.0K-$5.6M-$6.2M
Income before equity in earnings of investees$55.6M$54.2M$39.6M
Equity earnings in joint ventures$5.1M$15.6M$12.3M
Net Income$60.6M$69.9M$51.9M
Basic$1.64$1.91$1.38$1.38
Diluted$1.64$1.90$1.37$1.37
Basic35.9M shares35.2M shares37.2M shares37.2M shares
Diluted35.9M shares35.3M shares37.2M shares37.2M shares
General and administrative expenses, related party$1.1M$1.0M$1.1M

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Corporate structure

StealthGas Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of StealthGas Inc.

  • StealthGas Inc. 1T

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What StealthGas 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$701.0M3 Dec 31, 2025$828.7M3 Dec 31, 2024−15.4%
Accumulated depreciation$209.6M3 Dec 31, 2025$220.5M3 Dec 31, 2024−4.9%
Property and equipment, net$491.4M3 Dec 31, 2025$608.2M3 Dec 31, 2024−19.2%
Operating-lease assets (leased space)$104.8K3 Dec 31, 2025$03 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$99.1M3 Dec 31, 2025$80.7M3 Dec 31, 2024+22.8%
Stakes in other companies (equity method)$23.5M3 Dec 31, 2025$27.7M3 Dec 31, 2024−15.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.9M3 Dec 31, 2025$3.9M3 Dec 31, 2024−51.2%

Leadership

Who has led StealthGas Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Harry Vafias2026–now

President

  1. Harry Vafias2026–now

Chief financial officer

  1. Harry Vafias2026–now
Board members and other officers (4)

Timeline

  1. Mar 18, 2026New chief executive Harry Vafias becomes CEO12

Calendar

Coming up

  1. Nov 24, 2026Reports results for the quarter ending Sep/202616

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

Filings

74 filings to the SEC since October 2021: 5 annual reports, 11 insider forms, 27 large holders, 31 other. The latest 20:

  1. Sep 18, 20264 EDGAR
  2. Sep 16, 20264 EDGAR
  3. Sep 14, 2026144 EDGAR
  4. Sep 3, 20266-K EDGAR
  5. Aug 28, 20266-K EDGAR
  6. Jul 10, 2026SCHEDULE 13D/A EDGAR
  7. Jun 23, 20264 EDGAR
  8. Jun 23, 20263/A EDGAR
  9. Jun 23, 20263/A EDGAR
  10. Jun 23, 20263/A EDGAR
  11. Jun 8, 20266-K EDGAR
  12. Apr 29, 20264 EDGAR
  13. Apr 28, 202620-F EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 3, 20266-K EDGAR
  19. Feb 25, 2026SCHEDULE 13D/A EDGAR
  20. Feb 11, 2026SCHEDULE 13G/A EDGAR

The 74 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.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Jolliffe MichaelDirectorSale36,200$9.25$334.9KForm 4
Sep 14, 2026Jolliffe MichaelDirectorSale1,300$9.21$12.0KForm 4

From Forms 4 filed with the SEC.

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.

SEC filer profile

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

  • Name on EDGARStealthGas Inc.1
  • CIK0001328919
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inRepublic of the Marshall Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address331 Kifissias Avenue, Erithrea 14561, Athens, Greece1
  • Phone30 210 625 28491
  • Shares outstanding37,185,686 shares as of Dec 31, 20255
  • AuditorDeloitte Certified Public Accountants S.A, Athens, Greece PCAOB ID 1163; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceAug 29, 20051
  • Filings349 in all: 6-K (149), SC 13G/A (48), 4 (34), 20-F (21), SC 13G (19), 424B5 (8), SC 13D/A (8), UPLOAD (7)1
    All 32 form types

    3 (6), CORRESP (5), SCHEDULE 13D/A (4), 3/A (3), EFFECT (3), F-3 (3), IRANNOTICE (3), S-8 (3), SCHEDULE 13G/A (3), 144 (2), 6-K/A (2), F-1/A (2), F-3/A (2), SC 13D (2), SC TO-I/A (2), SCHEDULE 13G (2), 20-F/A (1), 424B4 (1), 424B7 (1), 8-A12B (1), 8-A12G (1), F-1 (1), F-1MEF (1), SC TO-I (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareGASSThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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