Icon Energy Corp. ($ICON) reported a sharp increase in quarterly revenue for the second quarter of 2026, with total revenues rising to $4.2 million, up more than 100% from a year earlier. Gross profit also improved strongly to $2.0 million, reflecting a steep gain in top-line momentum.
Despite the stronger sales trend, the company remained in the red. Operating loss narrowed to $148,000, while net loss attributable to common shareholders was $2.0 million, or $0.62 per diluted share. Cash from operating activities was negative at $848,000, and capital spending totaled $260,000.
On the balance sheet, cash and cash equivalents rose to $7.7 million, while total liabilities edged down to $37.5 million. Shares fell 2.83% after the market close following the release.
- Revenue: $4.2 million, up 107.0% year over year
- Gross profit: $2.0 million, up 181.2% year over year
- Net loss: $2.0 million
- Cash and equivalents: $7.7 million
- After-hours stock move: -2.83%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Icon Energy Corp. Hedge Fund Activity
We have seen 1 institutional investors add shares of Icon Energy Corp. stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- YORKVILLE ADVISORS GLOBAL, LP removed 30,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $29,391
- HRT FINANCIAL LP added 18,623 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,244
- VIRTU FINANCIAL LLC removed 17,088 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $16,741
- CITADEL ADVISORS LLC removed 6,955 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $5,687
- UBS GROUP AG removed 2,007 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $1,966
- JONES FINANCIAL COMPANIES LLLP removed 430 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $351
- ALLWORTH FINANCIAL LP added 0 shares (+0.0%) to their portfolio in Q2 2026, for an estimated $0
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
