Danaos Corp Q2 Revenue Up 6.4% to $262.2mln, Net Income Falls to $130.9mln

Danaos Corporation reports Q2 2025 revenue of $262.2 million, up 6.4% YoY, and net income of $130.9 million, down from $141.2 million YoY. The company maintains strong liquidity with $924.1 million in cash and marketable securities. Danaos has a contracted revenue backlog of $3.6 billion and has repurchased $205.7 million worth of shares under its $300 million buyback program. The company declared a quarterly dividend of $0.85 per share.

Danaos Corporation (NYSE: DAC) reported its second-quarter 2025 financial results, showing a 6.4% year-over-year (YoY) increase in revenue to $262.2 million, while net income decreased by 8.1% to $130.9 million. The company's strong liquidity position is highlighted by $924.1 million in cash and marketable securities. Danaos also declared a quarterly dividend of $0.85 per share.

Key highlights from the earnings report include:
- Revenue Growth: Revenue increased by 6.4% YoY to $262.2 million, driven by a 3.9% increase in container vessel revenues and a 44.3% increase in dry-bulk vessel revenues.
- Net Income Decline: Net income decreased by 8.1% YoY to $130.9 million, primarily due to higher operating expenses and net finance expenses.
- Cash and Marketable Securities: Danaos maintains a robust liquidity position with $924.1 million in cash and marketable securities.
- Share Repurchase: The company repurchased $205.7 million worth of shares under its $300 million buyback program.
- Contracted Revenue Backlog: Danaos has a contracted revenue backlog of $3.6 billion, providing significant insulation from short-term market fluctuations.

The company's CEO, Dr. John Coustas, commented on the current market conditions, stating that while some uncertainties around global trade are subsiding, geopolitical tensions remain a concern. Danaos continues to focus on disciplined capital allocation and operational excellence to support long-term success.

References:
[1] https://finance.yahoo.com/news/danaos-corporation-reports-second-quarter-203000469.html