Overview
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- TickerGSL on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- HeadquartersMajuro1
- Websitewww.globalshiplease.com
- Incorporated inMarshall Islands5
- Business addressC/O Gsl Enterprises Ltd., 9 Irodou Attikou Street, Kifisia, Athens, 145615
- Filer categoryLarge accelerated filer5
- Legal formCorporation3
- LEI254900GLZ0J5N8UZM0713
- StatusActive3
- LEI statusIssued and current3
- Registered addressTrust Company Complex, 96960 Majuro, Marshall Islands3
- Registered withMarshall Islands Maritime and Corporate Administrators, 288913
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Common Share ATM Program was approximately $99.3 million (out of the original $100.0 million). We did not sell any Class A common shares under the Common Shares ATM Program in 2025.6 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs46¢$350.0M
- Profit54¢$416.5M
Out of $766.5M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid14¢$76.1M
- Kept or used elsewhere86¢$452.2M
Out of $528.3M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Time charter revenue | $753.0M | $705.5M | $666.7M |
| Amortization of intangible liabilities-charter agreements | $13.5M | $5.5M | $8.1M |
| Total operating revenues | $766.5M | $711.1M | $674.8M |
| Vessel operating expenses (include related party vessels operating expenses of $23,817, $21,804 and $19,086 for each of the years ended December 31, 2025, 2024 and 2023, respectively) | $208.4M | $191.3M | $179.2M |
| Time charter and voyages expenses (include related party time charter and voyage expenses of $8,689, $8,610 and $7,995 for each of the years ended December 31, 2025, 2024 and 2023, respectively) | $25.1M | $23.5M | $23.6M |
| Depreciation and amortization | $122.0M | $100.0M | $91.7M |
| Impairment of vessels | $0 | $0 | $18.8M |
| General and administrative expenses | $22.1M | $17.1M | $18.2M |
| Gain on sale of vessels | -$46.3M | $0 | $0 |
| Operating Income | $435.1M | $379.1M | $343.2M |
| Interest income | $19.2M | $16.7M | $9.8M |
| Interest and other finance expenses (include $875, $3,627 and $108 expenses relating to prepayment fees and acceleration of deferred financing costs, if any, for each of the years ended December 31, 2025, 2024 and 2023, respectively) | -$39.0M | -$40.7M | -$44.8M |
| Other income, net | $6.1M | $3.6M | $2.1M |
| Fair value adjustment on derivative asset | -$5.0M | -$5.2M | -$5.4M |
| Total non-operating expenses | -$18.7M | -$25.5M | -$38.3M |
| Income before income taxes | $416.5M | $353.6M | $304.9M |
| Income taxes | $0 | -$1.0K | -$448.0K |
| Net Income | $416.5M | $353.6M | $304.5M |
| Earnings allocated to Series B Preferred Shares | -$9.5M | -$9.5M | -$9.5M |
| Net Income available to Common Shareholders, Basic | $406.9M | $344.1M | $295.0M |
| Net Income available to Common Shareholders, Diluted | $406.9M | $344.1M | $295.0M |
| Costs and Expenses, Related Party | $23.8M | $21.8M | $19.1M |
| Time charter and voyage expenses - related parties | $8.7M | $8.6M | $8.0M |
| Debt Related Commitment Fees and Debt Issuance Costs | $875.0K | $3.6M | $108.0K |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $273.9M | $141.4M | ||
| Time deposits | $199.1M | $26.1M | ||
| Restricted cash | $50.5M | $55.6M | ||
| Accounts receivable, net | $49.9M | $12.5M | ||
| Inventories | $14.6M | $18.9M | ||
| Prepaid expenses and other current assets | $33.6M | $31.9M | ||
| Derivative assets | $5.2M | $14.4M | ||
| Due from related parties | $148.0K | $342.0K | ||
| Total current assets | $627.0M | $301.2M | ||
| Vessels in operation | $2.0B | $1.9B | ||
| Advances for vessels acquisitions and other additions | $36.0M | $18.6M | ||
| Deferred dry dock and special survey costs, net | $110.9M | $91.9M | $73.7M | $54.7M |
| Other non-current assets | $10.8M | $20.2M | ||
| Derivative assets, net of current portion | $0 | $6.0M | ||
| Restricted cash and other instruments, net of current portion | $113.6M | $50.7M | ||
| Total non - current assets | $2.2B | $2.1B | ||
| TOTAL ASSETS | $2.9B | $2.4B | ||
| Accounts payable | $61.9M | $26.3M | ||
| Accrued liabilities | $47.7M | $46.9M | ||
| Current portion of long - term debt | $147.6M | $145.3M | ||
| Current portion of deferred revenue | $48.9M | $44.7M | ||
| Due to related parties | $692.0K | $723.0K | ||
| Total current liabilities | $306.8M | $264.0M | ||
| Long - term debt, net of current portion and deferred financing costs | $541.6M | $538.8M | ||
| Intangible liabilities - charter agreements | $90.1M | $49.4M | ||
| Deferred revenue, net of current portion | $121.7M | $57.6M | ||
| Total non - current liabilities | $753.3M | $645.8M | ||
| Total liabilities | $1.1B | $909.8M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Class A common shares - authorized 214,000,000 shares with a $0.01 par value 35,913,628 shares issued and outstanding (2024 - 35,447,370 shares) | $359.0K | $355.0K | ||
| Series B Preferred Shares - authorized 104,000 shares with a $0.01 par value 43,592 shares issued and outstanding (2024 - 43,592 shares) | $0 | $0 | ||
| Additional paid in capital | $694.3M | $680.7M | ||
| Retained Earnings | $1.1B | $773.8M | ||
| Accumulated other comprehensive income | $1.8M | $8.6M | ||
| Total shareholders' equity | $1.8B | $1.5B | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $2.9B | $2.4B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $273.9M | $141.4M | ||
| Time deposits | $199.1M | $26.1M | ||
| Restricted cash | $50.5M | $55.6M | ||
| Accounts receivable, net | $49.9M | $12.5M | ||
| Inventories | $14.6M | $18.9M | ||
| Prepaid expenses and other current assets | $33.6M | $31.9M | ||
| Derivative assets | $5.2M | $14.4M | ||
| Due from related parties | $148.0K | $342.0K | ||
| Total current assets | $627.0M | $301.2M | ||
| Vessels in operation | $2.0B | $1.9B | ||
| Advances for vessels acquisitions and other additions | $36.0M | $18.6M | ||
| Deferred dry dock and special survey costs, net | $110.9M | $91.9M | $73.7M | $54.7M |
| Other non-current assets | $10.8M | $20.2M | ||
| Derivative assets, net of current portion | $0 | $6.0M | ||
| Restricted cash and other instruments, net of current portion | $113.6M | $50.7M | ||
| Total non - current assets | $2.2B | $2.1B | ||
| TOTAL ASSETS | $2.9B | $2.4B | ||
| Accounts payable | $61.9M | $26.3M | ||
| Accrued liabilities | $47.7M | $46.9M | ||
| Current portion of long - term debt | $147.6M | $145.3M | ||
| Current portion of deferred revenue | $48.9M | $44.7M | ||
| Due to related parties | $692.0K | $723.0K | ||
| Total current liabilities | $306.8M | $264.0M | ||
| Long - term debt, net of current portion and deferred financing costs | $541.6M | $538.8M | ||
| Intangible liabilities - charter agreements | $90.1M | $49.4M | ||
| Deferred revenue, net of current portion | $121.7M | $57.6M | ||
| Total non - current liabilities | $753.3M | $645.8M | ||
| Total liabilities | $1.1B | $909.8M | ||
| Commitments and Contingencies | $0 | $0 | ||
| Class A common shares - authorized 214,000,000 shares with a $0.01 par value 35,913,628 shares issued and outstanding (2024 - 35,447,370 shares) | $359.0K | $355.0K | ||
| Series B Preferred Shares - authorized 104,000 shares with a $0.01 par value 43,592 shares issued and outstanding (2024 - 43,592 shares) | $0 | $0 | ||
| Additional paid in capital | $694.3M | $680.7M | ||
| Retained Earnings | $1.1B | $773.8M | ||
| Accumulated other comprehensive income | $1.8M | $8.6M | ||
| Total shareholders' equity | $1.8B | $1.5B | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $2.9B | $2.4B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $416.5M | $353.6M | $304.5M |
| Depreciation and amortization | $122.0M | $100.0M | $91.7M |
| Gain on sale of vessels | -$46.3M | $0 | $0 |
| Impairment of vessels | $0 | $0 | $18.8M |
| Amounts reclassified to other comprehensive income | $0 | $877.0K | $214.0K |
| Amortization of derivative assets premium | $3.6M | $4.6M | $4.3M |
| Amortization of deferred financing costs | $3.7M | $6.8M | $5.5M |
| Amortization of original issue discount on instruments | -$73.0K | $0 | $0 |
| Amortization of intangible liabilities - charter agreements | -$13.5M | -$5.5M | -$8.1M |
| Fair value adjustment on derivative asset | $5.0M | $5.2M | $5.4M |
| Prepayment fees on debt repayment | $175.0K | $870.0K | $0 |
| Stock based compensation expense | $14.0M | $8.7M | $10.2M |
| (Increase)/decrease in accounts receivable and other assets | -$29.7M | $4.5M | -$669.0K |
| Decrease/(increase) in inventories | $4.3M | -$3.1M | -$3.5M |
| Increase in derivative assets | -$194.0K | -$249.0K | $0 |
| Increase/(decrease) in accounts payable and other liabilities | $38.7M | $16.2M | -$5.9M |
| Decrease in related parties' balances, net | $163.0K | $290.0K | $192.0K |
| Increase/(decrease) in deferred revenue | $68.3M | -$20.2M | -$9.3M |
| Payments for drydocking and special survey costs | -$58.2M | -$42.5M | -$38.3M |
| Unrealized foreign exchange loss/(gain) | $1.0K | -$2.0K | $0 |
| Net cash provided by operating activities | $528.3M | $430.1M | $375.0M |
| Acquisition of vessels | -$121.5M | -$205.5M | -$123.3M |
| Cash paid for vessel expenditures | -$14.2M | -$12.8M | -$19.6M |
| Net proceeds from sale of vessels | $88.6M | $0 | $5.9M |
| Advances for vessel acquisitions and other additions | -$33.2M | -$24.2M | -$9.6M |
| Time deposits and other instruments acquired | -$271.5M | -$12.2M | -$5.5M |
| Net cash used in investing activities | -$351.9M | -$254.6M | -$152.0M |
| Proceeds from drawdown of credit facilities and sale and leaseback | $218.5M | $344.5M | $76.0M |
| Repayment of credit facilities and sale and leaseback | -$144.7M | -$185.4M | -$202.3M |
| Repayment of refinanced debt, including prepayment fees | -$70.4M | -$292.0M | $0 |
| Deferred financing costs paid | -$2.2M | -$3.1M | -$1.1M |
| Net proceeds from offering of Class A common shares, net of offering costs | -$332.0K | $445.0K | $0 |
| Cancellation of Class A common shares | $0 | -$5.0M | -$22.0M |
| Class A common shares - dividend paid | -$76.1M | -$58.4M | -$53.2M |
| Series B Preferred Shares - dividend paid | -$9.5M | -$9.5M | -$9.5M |
| Net cash used in financing activities | -$84.7M | -$208.6M | -$212.2M |
| Net increase/(decrease) in cash and cash equivalents and restricted cash | $91.7M | -$33.1M | $10.8M |
| Cash paid for interest | $46.8M | $55.4M | $68.0M |
| Cash received from interest rate caps | $16.6M | $27.0M | $32.5M |
| Acquisition of intangibles | $54.1M | $49.3M | $0 |
| Unpaid offering costs | $40.0K | $0 | $0 |
| Unrealized loss on derivative assets/FX option | -$10.4M | -$16.2M | -$16.6M |
No quarter-by-quarter statement was filed.
Corporate structure
Global Ship Lease sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Global Ship Lease
- DONALD SMITH & CO., INC. Filed SCHEDULE 13G on Global Ship Lease, latest May 13, 2026 (7 filings since Oct 25, 2024)
- Shipping Participations Inc. Filed SCHEDULE 13D/A on Global Ship Lease, latest Jun 20, 2025
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Filed SC 13G/A on Global Ship Lease, latest Nov 14, 2024 (4 filings since Feb 14, 2022)
- Whitefort Capital Management, LP Filed SC 13G/A on Global Ship Lease, latest Nov 14, 2024 (4 filings since Dec 16, 2022)
- Morgan Stanley Filed SC 13G/A on Global Ship Lease, latest Sep 10, 2024 (3 filings since Feb 9, 2023)
- Goldman Sachs Filed SC 13G/A on Global Ship Lease, latest Sep 9, 2022 (2 filings since Aug 10, 2022)
- CMA CGM S.A. Filed SC 13D/A on Global Ship Lease, latest Sep 7, 2022 (2 filings since May 27, 2022)
- BRC Group Holdings, Inc Filed SC 13G/A on Global Ship Lease, latest Feb 11, 2022
- Global Ship Lease London, United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Global Ship Lease 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
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $273.9M4 Dec 31, 2025 | $141.4M4 Dec 31, 2024 | +93.7% |
Inventory
Leadership
Who has led Global Ship Lease, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerThomas Arthur Lister Mar 16, 2026 to now14
- ChairGeorgios Giouroukos Mar 16, 2026 to now15
- Chief financial officerAnastasios Psaropoulos Mar 16, 2026 to now16
Board members and other officers (8)
- Chief Compliance OfficerGeorgios Giannopoulos Mar 17, 2026 to now17
- Board memberAlain Gaston Frederic Pitner Mar 16, 2026 to now18
- Board memberAlain Wils Mar 16, 2026 to now19
- Board memberLacum Menno Van Mar 16, 2026 to now20
- Board memberUlrike Helfer Mar 16, 2026 to now21
- Board memberYoram Neugeborn Mar 16, 2026 to now22
- Board memberIan James Webber Mar 17, 2026 to now23
- Board memberMichael Chalkias Mar 17, 2026 to now24
Former names
- GSL Holdings, Inc.Apr 18, 2008 to Aug 12, 20085
Timeline
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $2.62 a share, on Nov 10, 2025.25
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
134 filings to the SEC since October 2021: 5 annual reports, 19 insider forms, 24 large holders, 86 other. The latest 20:
- Oct 15, 20264 EDGAR
- Oct 13, 20266-K EDGAR
- Oct 7, 20266-K EDGAR
- Oct 2, 20264 EDGAR
- Sep 15, 20266-K EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 6, 20266-K EDGAR
- Aug 5, 20266-K EDGAR
- Jul 31, 20264 EDGAR
- Jul 14, 20266-K EDGAR
- Jun 24, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- Jun 9, 20266-K EDGAR
- Jun 5, 20266-K EDGAR
- May 22, 20266-K EDGAR
- May 13, 2026SCHEDULE 13G EDGAR
- May 12, 20266-K EDGAR
- Apr 28, 20266-K EDGAR
- Apr 9, 20264 EDGAR
The 134 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
6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Psaropoulos AnastasiosChief Financial Officer | Sale | 48,330 | $45.02 | $2.2M | Form 4 |
| Aug 26, 2026 | Psaropoulos AnastasiosChief Financial Officer | Sale | 1,670 | $45.03 | $75.2K | Form 4 |
| Aug 26, 2026 | Lister Thomas ArthurChief Executive Officer | Sale | 30,000 | $44.26 | $1.3M | Form 4 |
| Jul 14, 2026 | Neugeborn YoramDirector | Sale | 3,000 | $41.13 | $123.4K | Form 4 |
| Apr 7, 2026 | Giannopoulos GeorgiosChief Compliance Officer | Sale | 7,692 | $38.51 | $296.2K | Form 4 |
| Mar 25, 2026 | Psaropoulos AnastasiosChief Financial Officer | Sale | 23,173 | $39.00 | $903.7K | Form 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.
- DONALD SMITH & CO., INC.SCHEDULE 13G, 7 filings Oct 25, 2024 to May 13, 202626
- Shipping Participations Inc.SCHEDULE 13D/A, 1 filing Jun 20, 202527
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.SC 13G/A, 4 filings Feb 14, 2022 to Nov 14, 202428
- Whitefort Capital Management, LPSC 13G/A, 4 filings Dec 16, 2022 to Nov 14, 202429
- Morgan StanleySC 13G/A, 3 filings Feb 9, 2023 to Sep 10, 202430
- Goldman SachsSC 13G/A, 2 filings Aug 10, 2022 to Sep 9, 202231
- Cgm S.a. CmaSC 13D/A, 2 filings May 27, 2022 to Sep 7, 202232
- BRC Group Holdings, IncSC 13G/A, 1 filing Feb 11, 202233
SEC filer profile
How Global Ship Lease is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGlobal Ship Lease, Inc.2
- CIK0001430725
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company6
- Incorporated inMarshall Islands6
- Fiscal year endsDecember 312
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business addressC/O Gsl Enterprises Ltd., 9 Irodou Attikou Street, Kifisia, Athens, 14561, Greece2
- Phone3021062336702
- Shares outstanding35,913,628 shares as of Dec 31, 20256
- AuditorPricewaterhouseCoopers S.A., Athens, Greece PCAOB ID 1387; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceApr 18, 20082
- Filings482 in all: 6-K (211), 4 (33), SC 13D/A (30), SC 13G/A (30), UPLOAD (22), 20-F (18), CORRESP (16), SC 13G (16)2
All 38 form types
3 (15), 424B5 (12), EFFECT (10), SC 13D (8), F-3 (7), SCHEDULE 13G (6), S-8 (5), F-4/A (4), 25-NSE (3), 424B3 (3), 8-A12B (3), FWP (3), 144 (2), 20-F/A (2), 424B2 (2), 424B7 (2), CERTNYS (2), F-1 (2), F-1/A (2), F-3/A (2), F-3ASR (2), 305B2 (1), 4/A (1), 424B4 (1), 8-A12B/A (1), CERT (1), F-1MEF (1), F-4 (1), S-8 POS (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (20-F) Mar 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common shares, par value of $0.01 per share | GSL | New York Stock Exchange |
From the cover page of the 20-F filed Mar 16, 2026 (Section 12(b) of the Exchange Act).6
Links
- Websitewww.globalshiplease.com1
- More imagesWikimedia Commons
- WikidataQ117392567
- SEC EDGARCIK 1430725
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataGlobal Ship Lease on Wikidata
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- 15SEC EDGARGeorgios Giouroukos, Chair
- 16
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- 19SEC EDGARAlain Wils, Board member
- 20SEC EDGARLacum Menno Van, Board member
- 21SEC EDGARUlrike Helfer, Board member
- 22SEC EDGARYoram Neugeborn, Board member
- 23SEC EDGARIan James Webber, Board member
- 24SEC EDGARMichael Chalkias, Board member
- 25NasdaqNasdaq calendar
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