Oddity Tech Ltd · Q2 2025 earnings

Briefing

Danaos grows Q2 operating revenue 6.4% to $262M as fleet expansion offsets lower container charter rates

Danaos Corporation reported second quarter 2025 operating revenues of $262.2 million, up 6.4% from $246.3 million a year ago, as newbuilding container vessel additions and higher utilization offset lower charter rates and reduced non-cash revenue recognition. Net income was $130.9 million, or $7.14 basic and $7.12 diluted EPS, compared with $141.2 million and $7.30 basic EPS in Q2 2024. Income from operations was $125.5 million versus $140.0 million. The fleet averaged 74 container vessels and 10 Capesize drybulk vessels with 98.4% container utilization. The company held $546.2 million in cash, $3.5 billion in contracted charter revenue, and recognized a $14.7 million gain on its Star Bulk investment.

• Operating revenues rose 6.4% to $262.2 million; container segment revenue increased 3.9% to $239.4 million while drybulk revenue jumped 44.3% to $22.8 million
• Net income was $130.9 million with diluted EPS of $7.12 versus $141.2 million and $7.23 in Q2 2024
• Income from operations was $125.5 million; fleet averaged 74 container and 10 Capesize vessels with 98.4% container utilization
• Cash and cash equivalents were $546.2 million with $3.5 billion in total contracted charter revenue remaining
• Gain on Star Bulk investment was $14.7 million; quarterly dividend of $0.85 per share declared

Headline financials

Revenue & EPS history