HMR on Nasdaq

Heidmar Maritime Holdings Corp.

Heidmar Maritime Holdings Corp. is a Deep Sea Foreign Transportation of Freight company, listed on Nasdaq (HMR).¹

Price unavailable

Last updated Oct 21, 2026.

Overview

$55.9MRevenue, fiscal 2025²

-$22.6MNet income, fiscal 2025²

Compare with GLOBUS MARITIME LTD, Pyxis Tankers Inc. or Top Group, or pick any stock.

TickerHMR on Nasdaq¹
IndustryDeep Sea Foreign Transportation of Freight¹
Business addressAkti Miaouli 89, Piraeus, J3 18538³
Filer categoryNon-accelerated filer, Emerging growth company³

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Our principal executive offices are located at 89 Akti Miaouli, Piraeus 18538, Greece and our telephone number at that address is +30 2160024900. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of the SEC's Internet site is http://www.sec.gov. The address of the Company's Internet site is http://www.heidmar.com. None of the information contained on these websites is incorporated into or forms a part of this annual report.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

-8.7%Operating margin²

-40.4%Net margin²

92.9%Revenue growth, 2025²

-210.7%Return on equity²

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costs

Other costs100¢$55.9M

Out of $55.9M in revenue.² The company lost money this year.

Financial statements

Revenue⁵²$55.9M in 2025+86% since 2022

Operating income⁵²-$4.9M in 2025

Net income⁵²-$22.6M in 2025

Fiscal year	2022	2023	2024	2025
Revenue	$30.1M⁵	$49.1M²	$28.9M²	$55.9M²
Operating expenses	$13.1M⁵	$29.5M²	$24.9M²	$60.7M²
Operating income	$16.9M⁵	$19.6M²	$4.1M²	-$4.9M²
Income tax	$0⁵	$0²	$0²	$0²
Net income	$16.2M⁵	$19.6M²	$1.9M²	-$22.6M²
Earnings per share	$168,551.55⁵	$0.34²	$0.03²	-$0.39²
Earnings per share (diluted)	$168,551.55⁵	$0.34²	$0.03²	-$0.39²
Shares (weighted, basic)	96 shares⁵	57.1M shares²	57.1M shares²	58.3M shares²
Shares (weighted, diluted)	96 shares⁵	57.1M shares²	57.1M shares²	58.3M shares²

Total assets⁵²$72.1M in 2025+53% since 2023

Total liabilities⁵²$61.4M in 2025+99% since 2023

Shareholders’ equity⁵²$10.7M in 2025+174% since 2021

Cash⁵²$18.6M in 2025+138% since 2021

Fiscal year	2021	2022	2023	2024	2025
Cash	$7.9M⁵	$25.2M⁵	$18.9M⁵	$20.0M²	$18.6M²
Receivables					$1.2M²
Inventory			$1.2M⁵	$612.2K²	$2.5K²
Current assets			$33.0M⁵	$30.3M²	$27.4M²
Property, plant and equipment		$32.5K⁵	$88.9K⁵	$317.5K²	$268.5K²
Goodwill				$344.2K²	$344.2K²
Intangible assets				$420.3K²	$390.9K²
Total assets			$47.3M⁵	$38.1M²	$72.1M²
Current liabilities			$25.1M⁵	$19.6M²	$29.2M²
Long-term liabilities			$5.7M⁵	$264.6K²	$32.2M²
Total liabilities			$30.9M⁵	$19.9M²	$61.4M²
Retained earnings			$10.7M⁵	$12.6M²	-$17.9M²
Shareholders’ equity	$3.9M⁵	$21.8M²	$16.4M²	$18.2M²	$10.7M²
Shares outstanding				100 shares²	58.4M shares²

Cash from operations⁵$6.8M in 2024−54% since 2022

Capital spending²$930 in 2025−90% since 2023

Free cash flow⁵$6.5M in 2024−46% since 2023

Dividends paid²$8.0M in 2025−68% since 2023

Fiscal year	2022	2023	2024	2025
Cash from operations	$14.7M⁵	$12.0M⁵	$6.8M⁵
Stock-based compensation				$5.0M²
Capital spending		$9.1K²	$268.4K²	$930²
Free cash flow		$12.0M	$6.5M
Cash from investing	$24.2K⁵	-$9.1K⁵	-$4.0M⁵
Dividends paid		$25.0M²		$8.0M²
Cash from financing	$3.0M⁵	-$18.4M²	-$1.5M²	-$9.2M²
Dividend per share	$0.00⁵	$260,417.00²	$0.00⁵	$80,000.00²

Compare Heidmar Maritime Holdings Corp. with another company

Corporate structure

Heidmar Maritime Holdings Corp. 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 Heidmar Maritime Holdings Corp.

Rhea Marine Ltd. Filed SCHEDULE 13D/A on Heidmar Maritime Holdings Corp., latest Nov 18, 2025 (2 filings since Feb 26, 2025)
Maistros Shipinvest Corp. Filed SCHEDULE 13D/A on Heidmar Maritime Holdings Corp., latest Nov 17, 2025 (2 filings since Feb 26, 2025)

Heidmar Maritime Holdings Corp.

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

What it owns

What Heidmar Maritime Holdings Corp. 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

Item	Latest	A year before	Change
Property and equipment, before depreciation	$385.4K² Dec 31, 2025	$387.4K² Dec 31, 2024	−0.5%
Accumulated depreciation	$116.9K² Dec 31, 2025	$69.9K² Dec 31, 2024	+67.4%
Property and equipment, net	$268.5K² Dec 31, 2025	$317.5K² Dec 31, 2024	−15.4%
Operating-lease assets (leased space)	$601.1K² Dec 31, 2025	$5.0M² Dec 31, 2024	−88.1%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$18.6M² Dec 31, 2025	$20.0M² Dec 31, 2024	−6.9%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$344.2K² Dec 31, 2025	$344.2K² Dec 31, 2024	0%
Intangible assets, net (excluding goodwill)	$390.9K² Dec 31, 2025	$420.3K² Dec 31, 2024	−7.0%

Inventory

Item	Latest	A year before	Change
Inventory, total	$2.5K² Dec 31, 2025	$612.2K² Dec 31, 2024	−99.6%

Leadership

Who has led Heidmar Maritime Holdings Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

Pankaj Ramesh Khanna2026–now

Chief financial officer

Elpiniki Fotiou2026–now

Chief executive officerPankaj Ramesh Khanna Mar 17, 2026 to now⁶
Chief financial officerElpiniki Fotiou Mar 17, 2026 to now⁷

Board members and other officers (5)

Board memberAndre Lennert Lockhorst Mar 17, 2026 to now⁸
Board memberAndreas Konialidis Mar 17, 2026 to now⁹
Board memberPankaj Ramesh Khanna Mar 17, 2026 to now⁶
Board memberVasileios Loutradis Mar 17, 2026 to now¹⁰
Board memberJagmeet Singh Makkar May 26, 2026 to now¹¹

Timeline

Mar 17, 2026New chief executive Pankaj Ramesh Khanna becomes CEO⁶

Calendar

Coming up

Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 6, 2025.¹²

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

Filings

85 filings to the SEC since October 2021: 2 annual reports, 17 insider forms, 4 large holders, 62 other. The latest 20:

Sep 9, 20266-K EDGAR
Sep 3, 20264 EDGAR
Sep 3, 20264 EDGAR
Jul 6, 2026144 EDGAR
Jun 26, 2026144 EDGAR
Jun 11, 2026144 EDGAR
Jun 10, 2026EFFECT EDGAR
Jun 1, 2026POS AM EDGAR
May 28, 20266-K EDGAR
May 26, 20263 EDGAR
May 4, 20266-K EDGAR
Apr 30, 202620-F EDGAR
Apr 24, 20266-K EDGAR
Apr 3, 20264 EDGAR
Apr 3, 20264 EDGAR
Apr 3, 20264 EDGAR
Apr 2, 20264 EDGAR
Apr 2, 20264 EDGAR
Apr 2, 20264 EDGAR
Apr 2, 20264 EDGAR

The 85 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.

Rhea Marine Ltd.SCHEDULE 13D/A, 2 filings Feb 26, 2025 to Nov 18, 2025¹³
Maistros Shipinvest Corp.SCHEDULE 13D/A, 2 filings Feb 26, 2025 to Nov 17, 2025¹⁴

SEC filer profile

How Heidmar Maritime Holdings Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARHeidmar Maritime Holdings Corp.¹
CIK0002029471
Filer statusNon-accelerated filer an emerging growth company; not a shell company⁴
Incorporated inMarshall Islands⁴
Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight¹
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance¹
Business addressAkti Miaouli 89, Piraeus, J3 18538¹
Phone011302160024900¹
Shares outstanding58,409,823 shares as of Dec 31, 2025⁴
AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; no auditor attestation of internal control over financial reporting⁴
On EDGAR sinceAug 22, 2024¹
Filings85 in all: 6-K (17), 4 (10), 3 (7), 424B3 (7), UPLOAD (6), 144 (5), CORRESP (5), F-4/A (4)¹
All 24 form types
EFFECT (3), 20-F (2), DRS (2), DRS/A (2), DRSLTR (2), SCHEDULE 13D (2), SCHEDULE 13D/A (2), 8-A12B (1), CERT (1), F-1 (1), F-1/A (1), F-4 (1), NT 10-K (1), NT 20-F (1), POS AM (1), S-8 (1)
Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

Class	Symbol	Exchange
Common shares, par value $0.001 per share	HMR	Nasdaq

From the cover page of the 20-F filed Apr 30, 2026 (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
SEC EDGARHeidmar Maritime Holdings Corp. filings on SEC EDGAR
2
SEC EDGARHeidmar Maritime Holdings Corp. 10-K for fiscal 2025
3
SEC EDGARHeidmar Maritime Holdings Corp. filings on SEC EDGAR
4
SEC EDGARHeidmar Maritime Holdings Corp. annual report, Item 1 (Business)
5
SEC EDGARHeidmar Maritime Holdings Corp. 10-K for fiscal 2022
6
SEC EDGARPankaj Ramesh Khanna, Chief executive officer
7
SEC EDGARElpiniki Fotiou, Chief financial officer
8
SEC EDGARAndre Lennert Lockhorst, Board member
9
SEC EDGARAndreas Konialidis, Board member
10
SEC EDGARVasileios Loutradis, Board member
11
SEC EDGARJagmeet Singh Makkar, Board member
12
NasdaqNasdaq calendar
13
SEC EDGARRhea Marine Ltd. SCHEDULE 13D/A on Heidmar Maritime Holdings Corp.
14
SEC EDGARMaistros Shipinvest Corp. SCHEDULE 13D/A on Heidmar Maritime Holdings Corp.