C3is Q2 Revenue Jumps 124% to $24M; Net Income Hits $10M
CISS sits 47% above its 52-week low of $2.236.
Summary
C3is reported Q2 2026 revenue of $24.0 million, up 124% year-over-year, with net income of $10.0 million and adjusted EBITDA of $11.8 million. The company also disclosed two product tanker acquisitions totaling $39.8 million, payable by January 2027.
Key Events · Earnings and Guidance · CISS
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Q2 Revenue Up 124% to $24.0M
Voyage revenues rose to $24.0 million from $10.7 million a year earlier, driven by a 144.5% increase in daily TCE to $40,260.
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Net Income Swings to $10.0M Profit
Q2 2026 net income was $10.0 million versus a $5.3 million loss in Q2 2025; H1 2026 net income was $13.2 million.
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Adjusted EBITDA Up 321% to $11.8M
Q2 adjusted EBITDA reached $11.8 million, up from $2.8 million a year earlier; H1 adjusted EBITDA was $18.7 million.
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Two Product Tankers Acquired for $39.8M
The company took delivery of two product tankers in April and August 2026, with the $39.8 million aggregate consideration payable by January 2027.
Analysis · CISS · Energy & Transportation
C3is delivered a sharp operational turnaround: Q2 revenue of $24.0 million, up 124% year-over-year, with net income of $10.0 million versus a $5.3 million loss a year ago. The improvement is driven by a 144.5% jump in daily TCE to $40,260, reflecting stronger charter rates across the fleet. The company also expanded its fleet with two product tanker acquisitions totaling $39.8 million, with payment deferred to January 2027, while maintaining a debt-free fleet and growing cash and time deposits to $33.2 million. Against a backdrop of heavy dilution from the $98M ATM and the July $6M unit offering, these results show the underlying shipping business is generating real cash flow.
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In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CISS was trading at $3.29 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $4.2M. The 52-week trading range was $2.24 to $33,263.44. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.