v3.26.3
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Total Pangaea Logistics Solutions Ltd. Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Non-Controlling Interest
Beginning Balance (in shares) at Dec. 31, 2024     64,961,433      
Beginning Balance at Dec. 31, 2024 $ 474,664 $ 427,822 $ 6 $ 258,660 $ 169,155 $ 46,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 2,695 2,695   2,695    
Issuance of restricted shares, net of forfeitures (in shares)     (618,586)      
Share repurchases (in shares)     (403,400)      
Share repurchases (1,991) (1,991)   (1,991)    
Distribution to Non-Controlling Interests (2,200)         (2,200)
Acquisition of non-controlling interest (2,700) (2,700)   (2,700)    
Common stock dividend (13,075) (13,075)     (13,075)  
Consolidation of subsidiary 278 26     26 252
Net income 7,889 7,485     7,485 403
Ending Balance (in shares) at Sep. 30, 2025     65,176,619      
Ending Balance at Sep. 30, 2025 465,560 420,262 $ 7 256,664 163,592 45,298
Beginning Balance (in shares) at Jun. 30, 2025     65,377,137      
Beginning Balance at Jun. 30, 2025 459,130 414,353 $ 7 259,734 154,613 44,777
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 614 614   614    
Share repurchases (in shares)     (200,518)      
Share repurchases (984) (984) $ 0 (984)    
Distribution to Non-Controlling Interests (258)         (258)
Common stock dividend (3,230) (3,230)     (3,230)  
Consolidation of subsidiary 0     0 0
Net income 12,988 12,208     12,208 779
Ending Balance (in shares) at Sep. 30, 2025     65,176,619      
Ending Balance at Sep. 30, 2025 465,560 420,262 $ 7 256,664 163,592 45,298
Beginning Balance (in shares) at Dec. 31, 2025     64,973,988      
Beginning Balance at Dec. 31, 2025 474,736 429,333 $ 7 257,072 172,255 45,403
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 2,975 2,975   2,975    
Issuance of restricted shares, net of forfeitures (in shares)     (499,784)      
Issuance of restricted shares, net of forfeitures     $ 0 0    
Common stock dividend (6,554) (13,077)     (13,077) 0
Net income 63,699 61,756     61,756 1,942
Ending Balance (in shares) at Sep. 30, 2026     65,473,772      
Ending Balance at Sep. 30, 2026 528,333 480,988 $ 7 260,047 220,934 47,345
Beginning Balance (in shares) at Jun. 30, 2026     65,473,772      
Beginning Balance at Jun. 30, 2026 494,682 448,629 $ 7 259,394 189,228 46,053
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 653 653   653    
Common stock dividend   (6,554)     (6,554)  
Net income 39,552 38,261     38,261 1,292
Ending Balance (in shares) at Sep. 30, 2026     65,473,772      
Ending Balance at Sep. 30, 2026 $ 528,333 $ 480,988 $ 7 $ 260,047 $ 220,934 $ 47,345