FLEX LNG Ltd.
FLEX LNG Ltd. (FLNG) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for FLEX LNG Ltd. (FLNG), featuring income statements, balance sheets, and cash flow data.
FLEX LNG Ltd. (FLNG) Income Statement & Financial Overview
Explore comprehensive income reports for FLEX LNG Ltd. FLNG, broken down by year and quarter.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $90.93M | $90.48M | $84.70M | $90.23M |
| Cost of Revenue | $38.41M | $37.12M | $37.47M | $35.77M |
| Gross Profit | $52.53M | $53.36M | $47.23M | $54.46M |
| Gross Profit Ratio | $0.58 | $0.59 | $0.56 | $0.60 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $2.65M | $1.88M | $2.74M | $2.52M |
| Operating Expenses | $2.65M | $1.88M | $2.74M | $2.52M |
| Total Costs & Expenses | $41.06M | $39.00M | $40.20M | $38.30M |
| Interest Income | $1.47M | $937000.00 | $1.12M | $937000.00 |
| Interest Expense | $25.47M | $26.32M | $27.12M | $26.69M |
| Depreciation & Amortization | $19.02M | $19.01M | $18.91M | $18.54M |
| EBITDA | $89.76M | $62.75M | $63.41M | $70.47M |
| EBITDA Ratio | $0.99 | $0.69 | $0.75 | $0.78 |
| Operating Income | $49.88M | $51.49M | $44.49M | $51.94M |
| Operating Income Ratio | $0.55 | $0.57 | $0.53 | $0.58 |
| Other Income/Expenses (Net) | -$4.60M | -$34.06M | -$22.59M | -$18.73M |
| Income Before Tax | $45.28M | $17.43M | $21.91M | $33.20M |
| Income Before Tax Ratio | $0.50 | $0.19 | $0.26 | $0.37 |
| Income Tax Expense | $62000.00 | $18000.00 | $72000.00 | -$20000.00 |
| Net Income | $45.22M | $17.41M | $21.84M | $33.22M |
| Net Income Ratio | $0.50 | $0.19 | $0.26 | $0.37 |
| EPS | $0.84 | $0.32 | $0.41 | $0.62 |
| Diluted EPS | $0.84 | $0.32 | $0.40 | $0.62 |
| Weighted Avg Shares Outstanding | $53.85M | $53.88M | $53.85M | $53.74M |
| Weighted Avg Shares Outstanding (Diluted) | $54.03M | $54.04M | $54.03M | $53.99M |
Financial performance has remained strong, with revenue growing from $90.23M in Q1 2024 to $90.93M in Q4 2024. Gross profit continued to perform well, with margins at 58% in the latest quarter. Operating income reached $49.88M in Q4 2024, holding a steady 55% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $89.76M. Net income rose to $45.22M, keeping EPS at $0.84. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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