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v3.26.1

Segmental information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Schedule of Segment Information
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | Year ended December 31, 2025 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Revenues, net |  | $ | 24,123 |  |  | $ | 14,871 |  |  | $ | 38,994 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Voyage related costs and commissions (1) |  |  | (1,298 | ) |  |  | (1,401 | ) |  |  | (2,699 | )
Vessel operating expenses (1) |  |  | (8,235 | ) |  |  | (6,008 | ) |  |  | (14,243 | )
General and administrative expenses |  |  | 32 |  |  |  | (195 | ) |  |  | (163 | )
Management fees (1) |  |  | (931 | ) |  |  | (956 | ) |  |  | (1,887 | )
Depreciation and amortization of special survey costs |  |  | (4,206 | ) |  |  | (3,967 | ) |  |  | (8,173 | )
Allowance reduction for credit losses |  |  | 22 |  |  |  | — |  |  |  | 22 |
Gain from the sale of vessels, net |  |  |  |  |  |  |  |  |  |  |  |
Interest and finance costs (1) |  |  | (2,652 | ) |  |  | (3,057 | ) |  |  | (5,709 | )
Loss from debt extinguishment |  |  |  |  |  |  |  |  |  |  |  |
Loss from financial derivative instrument |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 140 |  |  |  | 49 |  |  |  | 189 |
Segment profit/(loss) |  | $ | 6,995 |  |  | $ | (664 | ) |  | $ | 6,331 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  |  |  |  |  |  |  |  | $ | (5,933 | )
Interest and finance costs |  |  |  |  |  |  |  |  |  |  | (66 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 1,603 |
Net income |  |  |  |  |  |  |  |  |  | $ | 1,935 |
(1) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | Year ended December 31, 2024 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Revenues, net |  | $ | 38,400 |  |  | $ | 13,142 |  |  | $ | 51,542 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Voyage related costs and commissions (1) |  |  | (7,500 | ) |  |  | (2,027 | ) |  |  | (9,527 | )
Vessel operating expenses (1) |  |  | (7,920 | ) |  |  | (5,447 | ) |  |  | (13,367 | )
General and administrative expenses |  |  | (98 | ) |  |  | (181 | ) |  |  | (279 | )
Management fees (1) |  |  | (921 | ) |  |  | (759 | ) |  |  | (1,680 | )
Depreciation and amortization of special survey costs |  |  | (4,212 | ) |  |  | (3,074 | ) |  |  | (7,286 | )
Allowance reduction for credit losses |  |  | 38 |  |  |  | — |  |  |  | 38 |
Interest and finance costs (1) |  |  | (3,491 | ) |  |  | (3,027 | ) |  |  | (6,518 | )
Interest income |  |  | 32 |  |  |  | 22 |  |  |  | 54 |
Segment profit/(loss) |  | $ | 14,328 |  |  | $ | (1,351 | ) |  | $ | 12,977 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  |  |  |  |  |  |  |  | $ | (2,717 | )
Interest and finance costs |  |  |  |  |  |  |  |  |  |  | (11 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 2,258 |
Net income |  |  |  |  |  |  |  |  |  | $ | 12,507 |
(1) | The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
PYXIS TANKERS INC. Notes to the Consolidated Financial Statements December 31, 2024 and 2025 (Expressed in thousands of U.S. dollars, except for share 15. Segmental information: – Continued:
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | Year ended December 31, 2023 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Revenues, net |  | $ | 43,889 |  |  | $ | 1,579 |  |  | $ | 45,468 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Voyage related costs and commissions (1) |  |  | (6,121 | ) |  |  | (231 | ) |  |  | (6,352 | )
Vessel operating expenses (1) |  |  | (10,772 | ) |  |  | (851 | ) |  |  | (11,623 | )
General and administrative expenses |  |  | (120 | ) |  |  | (28 | ) |  |  | (148 | )
Management fees (1) |  |  | (1,388 | ) |  |  | (100 | ) |  |  | (1,488 | )
Depreciation and amortization of special survey costs |  |  | (5,485 | ) |  |  | (406 | ) |  |  | (5,891 | )
Allowance reduction for credit losses |  |  | 78 |  |  |  | — |  |  |  | 78 |
Gain from the sale of vessels, net |  |  | 25,125 |  |  |  | — |  |  |  | 25,125 |
Interest and finance costs (1) |  |  | (5,275 | ) |  |  | (478 | ) |  |  | (5,753 | )
Loss from debt extinguishment |  |  | (379 | ) |  |  | — |  |  |  | (379 | )
Loss from financial derivative instrument |  |  | (59 | ) |  |  | — |  |  |  | (59 | )
Segment profit/(loss) |  | $ | 39,493 |  |  | $ | (515 | ) |  | $ | 38,978 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  |  |  |  |  |  |  |  | $ | (3,300 | )
Interest and finance costs |  |  |  |  |  |  |  |  |  |  | (82 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 1,240 |
Net income |  |  |  |  |  |  |  |  |  | $ | 36,836 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | As of December 31, 2025 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Cash and cash equivalents & restricted cash |  | $ | 4,451 |  |  | $ | 1,244 |  |  | $ | 5,695 |
Inventories |  |  | 307 |  |  |  | 229 |  |  |  | 536 |
Trade accounts receivable |  |  | 326 |  |  |  | 1,681 |  |  |  | 2,007 |
Claim receivable |  |  |  |  |  |  |  |  |  |  |  |
Prepayments and other current assets |  |  | 225 |  |  |  | 79 |  |  |  | 304 |
Vessels, net |  |  | 64,028 |  |  |  | 69,291 |  |  |  | 133,319 |
Deferred dry-dock and special survey costs, net |  |  | 829 |  |  |  | 1,264 |  |  |  | 2,093 |
Advance for vessel additions |  |  |  |  |  |  |  |  |  |  |  |
Segment assets |  | $ | 70,166 |  |  | $ | 73,788 |  |  | $ | 143,954 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  | $ | 31,210 |
Short-term investment in time deposits |  |  |  |  |  |  |  |  |  |  | 18,000 |
Prepayments and other current assets |  |  |  |  |  |  |  |  |  |  | 248 |
Total assets |  |  |  |  |  |  |  |  |  | $ | 193,412 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | As of December 31, 2024 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Cash and cash equivalents & restricted cash |  | $ | 3,074 |  |  | $ | 2,299 |  |  | $ | 5,373 |
Inventories |  |  | 1,150 |  |  |  | 739 |  |  |  | 1,889 |
Trade accounts receivable, net |  |  | 4,587 |  |  |  | 453 |  |  |  | 5,040 |
Claim receivable |  |  | — |  |  |  | 245 |  |  |  | 245 |
Prepayments and other assets |  |  | 414 |  |  |  | 221 |  |  |  | 635 |
Vessels, net |  |  | 67,373 |  |  |  | 72,651 |  |  |  | 140,024 |
Deferred dry-dock and special survey costs |  |  | 1,214 |  |  |  | — |  |  |  | 1,214 |
Advance for vessel additions |  |  | — |  |  |  | 170 |  |  |  | 170 |
Segment assets |  | $ | 77,812 |  |  | $ | 76,778 |  |  | $ | 154,590 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  | $ | 17,220 |
Short-term investment in time deposits |  |  |  |  |  |  |  |  |  |  | 17,000 |
Prepayments and other current assets |  |  |  |  |  |  |  |  |  |  | 71 |
Total assets |  |  |  |  |  |  |  |  |  | $ | 188,881 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
|  | Year ended December 31, 2023 |
|  | Tanker vessels |  |  | Dry-bulk vessels |  |  | Total |
Cash and cash equivalents & restricted cash |  | $ | 4,237 |  |  | $ | 1,041 |  |  | $ | 5,278 |
Inventories |  |  | 904 |  |  |  | 53 |  |  |  | 957 |
Trade accounts receivable, net |  |  | 4,704 |  |  |  | 260 |  |  |  | 4,964 |
Due from related parties |  |  | — |  |  |  | 194 |  |  |  | 194 |
Prepayments and other assets |  |  | 180 |  |  |  | 24 |  |  |  | 202 |
Vessels, net |  |  | 71,179 |  |  |  | 28,094 |  |  |  | 99,273 |
Deferred dry-dock and special survey costs |  |  | 1,622 |  |  |  | — |  |  |  | 1,622 |
Prepayments for vessel acquisition |  |  | — |  |  |  | 2,663 |  |  |  | 2,663 |
Segment assets |  | $ | 82,826 |  |  | $ | 32,329 |  |  | $ | 115,153 |
Non-segment reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  | $ | 31,061 |
Short-term investment in time deposits |  |  |  |  |  |  |  |  |  |  | 20,000 |
Prepayments and other current assets |  |  |  |  |  |  |  |  |  |  | 99 |
Total assets |  |  |  |  |  |  |  |  |  | $ | 166,313 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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