Sign in

Private company

Golden Ocean Group Ltd

Golden Ocean Group Ltd is a water transportation company.1

Last updated Oct 21, 2026.

Overview

$326.1MRevenue, fiscal 20242
$223.2MNet income, fiscal 20242
  • IndustryWater Transportation1
  • Business addressPar La Ville Place, 4Th Floor, 14 Par La Ville Road, Hamilton Hm 08, D0 000003
  • Filer categoryLarge accelerated filer3

See how the biggest companies compare on our leaderboards

On September 18, 1996, we were incorporated in Bermuda under the name Knightsbridge Tankers Limited as an exempted company pursuant to the Bermuda Companies Act of 1981. Following the completion of the Merger with the Former Golden Ocean, a dry bulk shipping company based in Bermuda and listed on the Oslo Stock Exchange ("OSE"), we changed our name to Golden Ocean Group Limited.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 2024

96.4%Operating margin2
68.5%Net margin2
-27.7%Revenue growth, 20242
11.7%Return on equity2
0.63×Debt to equity2
$362.6MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs31¢$102.3M
  • Income tax0¢$548.0K
  • Profit68¢$223.2M

Out of $326.1M in revenue.2

Where each dollar of operating cash went, fiscal 2024

  • Capital spending1¢$2.7M
  • Dividends paid66¢$239.9M
  • Share buybacks2¢$5.7M
  • Kept or used elsewhere32¢$116.9M

Out of $365.3M of cash from operations.2

Financial statements

Revenue56782$326.1M in 2024−29% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $460.0M$460.0M20172018: $656.1M$656.1M2018+43%2019: $375.8M$375.8M2019−43%2020: $346.2M$346.2M2020−8%2021: $406.3M$406.3M2021+17%2022: $484.0M$484.0M2022+19%2023: $450.9M$450.9M2023−7%2024: $326.1M$326.1M2024−28%
Operating income9610782$314.3M in 2024+528% since 2017
-$200.0M0$200.0M$400.0M$600.0M2017: $50.1M$50.1M20172018: $145.0M$145.0M2018+190%2019: $100.7M$100.7M2019−31%2020: -$61.7M-$61.7M20202021: $513.6M$513.6M20212022: $435.1M$435.1M2022−15%2023: $188.6M$188.6M2023−57%2024: $314.3M$314.3M2024+67%
Net income9610782$223.2M in 2024
-$200.0M0$200.0M$400.0M$600.0M2017: -$2.3M-$2.3M20172018: $84.5M$84.5M20182019: $37.2M$37.2M2019−56%2020: -$137.7M-$137.7M20202021: $527.2M$527.2M20212022: $461.8M$461.8M2022−12%2023: $112.3M$112.3M2023−76%2024: $223.2M$223.2M2024+99%
Fiscal year20172018201920202021202220232024
Revenue$460.0M5$656.1M5$375.8M6$346.2M7$406.3M8$484.0M2$450.9M2$326.1M2
Operating expenses$697.4M8$712.1M2$706.3M2$675.5M2
Operating income$50.1M9$145.0M6$100.7M10-$61.7M7$513.6M8$435.1M2$188.6M2$314.3M2
Interest$59.8M9$75.1M6$59.5M10$47.5M7$39.9M8$56.2M8$103.7M8
Income before tax$527.6M8$462.2M2$112.8M2$223.8M2
Income tax$56.0K9$232.0K6$237.0K10$131.0K7$389.0K8$379.0K2$541.0K2$548.0K2
Net income-$2.3M9$84.5M6$37.2M10-$137.7M7$527.2M8$461.8M2$112.3M2$223.2M2
Earnings per share$0.2610-$0.967$2.748$2.302$0.562$1.122
Earnings per share (diluted)$0.2610-$0.967$2.738$2.292$0.562$1.122
Shares (weighted, basic)192.4M shares8200.7M shares2199.9M shares2199.9M shares2
Shares (weighted, diluted)193.0M shares8201.2M shares2200.5M shares2200.0M shares2

Compare Golden Ocean Group Ltd with another company

Corporate structure

Golden Ocean Group Ltd 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 Golden Ocean Group Ltd

  • CMB.TECH Filed SCHEDULE 13D/A on Golden Ocean Group Ltd, latest Aug 20, 2025 (6 filings since Mar 11, 2025)
  • HEMEN HOLDING LTD Filed SCHEDULE 13D/A on Golden Ocean Group Ltd, latest Mar 6, 2025
  • Folketrygdfondet Filed SC 13G/A on Golden Ocean Group Ltd, latest Feb 1, 2022
  • Golden Ocean Group Ltd

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

What it owns

What Golden Ocean Group Ltd 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
Construction in progress$02 Dec 31, 2024$54.8M2 Dec 31, 2023−100.0%
Finance-lease assets$53.7M2 Dec 31, 2024$68.6M2 Dec 31, 2023−21.8%
Operating-lease assets (leased space)$6.8M2 Dec 31, 2024$9.5M2 Dec 31, 2023−28.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$129.1M2 Dec 31, 2024$116.4M2 Dec 31, 2023+10.9%
Marketable securities, current$08 Dec 31, 2023$2.2M8 Dec 31, 2022−100.0%
Equity securities at fair value$02 Dec 31, 2024$02 Dec 31, 2023
Stakes in other companies (equity method)$53.1M2 Dec 31, 2024$58.5M2 Dec 31, 2023−9.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$37.5M2 Dec 31, 2024$40.9M2 Dec 31, 2023−8.4%

Former names

  • Knightsbridge Shipping LtdOct 1, 2014 to Mar 26, 20153
  • KNIGHTSBRIDGE TANKERS LTDOct 17, 1997 to Sep 16, 20143

Filings

56 filings to the SEC since October 2021: 4 annual reports, 8 large holders, 44 other. The latest 20:

  1. Sep 2, 202515-12G EDGAR
  2. Aug 20, 202525-NSE EDGAR
  3. Aug 20, 2025SCHEDULE 13D/A EDGAR
  4. Aug 19, 20256-K EDGAR
  5. Jul 29, 20256-K EDGAR
  6. Jul 18, 20256-K EDGAR
  7. Jul 17, 20256-K EDGAR
  8. May 30, 2025SCHEDULE 13D/A EDGAR
  9. May 29, 20256-K EDGAR
  10. May 21, 20256-K EDGAR
  11. May 9, 20256-K EDGAR
  12. Apr 24, 2025SCHEDULE 13D/A EDGAR
  13. Apr 23, 20256-K EDGAR
  14. Apr 7, 20256-K EDGAR
  15. Apr 3, 2025SCHEDULE 13D/A EDGAR
  16. Mar 31, 20256-K EDGAR
  17. Mar 27, 2025SCHEDULE 13D/A EDGAR
  18. Mar 25, 20256-K EDGAR
  19. Mar 20, 202520-F EDGAR
  20. Mar 11, 2025SCHEDULE 13D EDGAR

The 56 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.

  • CMB.TECHSCHEDULE 13D/A, 6 filings Mar 11, 2025 to Aug 20, 202512
  • HEMEN HOLDING LTDSCHEDULE 13D/A, 1 filing Mar 6, 202513
  • FolketrygdfondetSC 13G/A, 1 filing Feb 1, 202214

SEC filer profile

How Golden Ocean Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGolden Ocean Group Ltd1
  • CIK0001029145
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inBermuda4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressPar La Ville Place, 4Th Floor, 14 Par La Ville Road, Hamilton Hm 08, D0 000001
  • Phone44129569351
  • Shares outstanding199,403,293 shares as of Dec 31, 20244
  • AuditorPricewaterhouseCoopers AS, Oslo, Norway PCAOB ID 1318; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceApr 10, 19971
  • Filings446 in all: 6-K (226), 425 (32), SC 13G/A (32), 20-F (28), UPLOAD (19), SC 13G (18), CORRESP (17), SC 13D/A (12)1
    All 28 form types

    EFFECT (9), F-3 (7), F-3/A (6), SCHEDULE 13D/A (6), 424B7 (5), 424B2 (4), 424B5 (4), 6-K/A (4), F-4/A (3), 20-F/A (2), FWP (2), SC 13D (2), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12G/A (1), F-3ASR (1), F-4 (1), POS AM (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Mar 20, 2025

Securities registered for trading

ClassSymbolExchange
Common Shares, Par Value $0.05 Per ShareGOGLNASDAQ Global Select Market

From the cover page of the 20-F filed Mar 20, 2025 (Section 12(b) of the Exchange Act).4

Sources

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

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14