Golden Ocean Group (GOGL) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Golden Ocean Group Revenue Highlights

Latest Revenue (Y)

$885.77M

Latest Revenue (Q)

$246.74M

Main Segment (Y)

Voyage Charter Revenue

Golden Ocean Group Revenue by Period

Golden Ocean Group Revenue by Year

Date	Revenue	Change
2023-12-31	$885.77M	-20.45%
2022-12-31	$1.11B	-7.46%
2021-12-31	$1.20B	97.91%
2020-12-31	$607.94M	-13.86%
2019-12-31	$705.80M	7.58%
2018-12-31	$656.07M	42.62%
2017-12-31	$460.02M	78.44%
2016-12-31	$257.81M	35.95%
2015-12-31	$189.63M	96.07%
2014-12-31	$96.72M	157.59%
2013-12-31	$37.55M	0.62%
2012-12-31	$37.31M	-60.52%
2011-12-31	$94.52M	-1.44%
2010-12-31	$95.90M	42.41%
2009-12-31	$67.34M	-18.78%
2008-12-31	$82.91M	-5.95%
2007-12-31	$88.16M	-16.62%
2006-12-31	$105.73M	5.54%
2005-12-31	$100.18M	-26.17%
2004-12-31	$135.69M	80.33%
2003-12-31	$75.25M	86.83%
2002-12-31	$40.28M	-34.55%
2001-12-31	$61.53M	-19.39%
2000-12-31	$76.34M	89.53%
1999-12-31	$40.28M	-10.58%
1998-12-31	$45.04M	6.88%
1997-12-31	$42.14M	-

Golden Ocean Group generated $885.77M in revenue during NA 2023, up -20.45% compared to the previous quarter, and up 135.01% compared to the same period a year ago.

Golden Ocean Group Revenue by Quarter

Date	Revenue	Change
2024-03-31	$246.74M	-2.94%
2023-12-31	$254.21M	14.68%
2023-09-30	$221.66M	3.88%
2023-06-30	$213.38M	8.58%
2023-03-31	$196.52M	-21.25%
2022-12-31	$249.56M	-11.52%
2022-09-30	$282.05M	-10.93%
2022-06-30	$316.67M	19.41%
2022-03-31	$265.18M	-30.55%
2021-12-31	$381.81M	-1.50%
2021-09-30	$387.62M	40.59%
2021-06-30	$275.70M	74.44%
2021-03-31	$158.05M	-6.32%
2020-12-31	$168.71M	-9.09%
2020-09-30	$185.58M	59.65%
2020-06-30	$116.25M	-15.40%
2020-03-31	$137.41M	-43.84%
2019-12-31	$244.67M	11.55%
2019-09-30	$219.34M	89.44%
2019-06-30	$115.78M	-8.12%
2019-03-31	$126.01M	-28.39%
2018-12-31	$175.98M	-7.01%
2018-09-30	$189.26M	34.33%
2018-06-30	$140.89M	-6.04%
2018-03-31	$149.94M	-0.97%
2017-12-31	$151.41M	19.27%
2017-09-30	$126.95M	29.76%
2017-06-30	$97.84M	16.73%
2017-03-31	$83.82M	-2.79%
2016-12-31	$86.22M	21.43%
2016-09-30	$71.01M	30.28%
2016-06-30	$54.50M	21.09%
2016-03-31	$45.01M	-20.37%
2015-12-31	$56.52M	-13.96%
2015-09-30	$65.69M	33.16%
2015-06-30	$49.33M	172.81%
2015-03-31	$18.08M	-50.70%
2014-12-31	$36.68M	89.70%
2014-09-30	$19.34M	-6.10%
2014-06-30	$20.59M	2.43%
2014-03-31	$20.11M	49.29%
2013-12-31	$13.47M	35.35%
2013-09-30	$9.95M	29.90%
2013-06-30	$7.66M	18.41%
2013-03-31	$6.47M	-24.85%
2012-12-31	$8.61M	178.94%
2012-09-30	$3.09M	-76.18%
2012-06-30	$12.96M	-44.20%
2012-03-31	$23.22M	-0.09%
2011-12-31	$23.25M	-10.48%
2011-09-30	$25.97M	13.40%
2011-06-30	$22.90M	2.18%
2011-03-31	$22.41M	3.62%
2010-12-31	$21.63M	-8.92%
2010-09-30	$23.74M	-9.86%
2010-06-30	$26.34M	8.91%
2010-03-31	$24.19M	3.28%
2009-12-31	$23.42M	64.76%
2009-09-30	$14.21M	1.72%
2009-06-30	$13.97M	-11.21%
2009-03-31	$15.74M	-2.32%
2008-12-31	$16.11M	-18.69%
2008-09-30	$19.81M	-9.88%
2008-06-30	$21.98M	-12.09%
2008-03-31	$25.01M	3.33%
2007-12-31	$24.20M	-

Golden Ocean Group generated $246.74M in revenue during Q1 2024, up -2.94% compared to the previous quarter, and up 98.87% compared to the same period a year ago.

Golden Ocean Group Revenue Breakdown

Golden Ocean Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Voyage Charter Revenue	$446.67M	$518.40M	$597.81M	$370.13M	$404.18M
Time Charter Revenue	$434.83M	$593.79M	$603.96M	$235.67M	$299.95M
Other Revenue	$4.27M	$1.26M	$1.41M	$2.14M	$1.67M
Demurrage	-	$29.30M	-	-	-

Golden Ocean Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Voyage Charter Revenue (50.43%), Time Charter Revenue (49.09%), and Other Revenue (0.48%).

Quarterly Revenue by Product

Product/Service	Dec 22	Jun 22	Jun 21	Jun 20	Jun 19	Jun 18
Time Charter Revenue	$248.55M	$345.24M	$205.52M	$86.25M	$128.14M	$159.65M
Other Revenue	$813.00K	$450.00K	$1.01M	$1.02M	$786.00K	$1.17M
Voyage Charter Revenue	$514.73M	$236.16M	$227.22M	$166.38M	$112.87M	$130.02M

Golden Ocean Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 22: Voyage Charter Revenue (67.36%), Time Charter Revenue (32.53%), and Other Revenue (0.11%).

Golden Ocean Group Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jun 22	Jun 21	Jun 20	Jun 19	Jun 18
Voyage Charter Revenue	$236.16M	$227.22M	$166.38M	$112.87M	$130.02M
Time Charter Revenue	$345.24M	$205.52M	$86.25M	$128.14M	$159.65M
Other Revenue	$450.00K	$1.01M	$1.02M	$786.00K	$1.17M

Golden Ocean Group's latest quarterly revenue breakdown by geography, as of Jun 22: Time Charter Revenue (59.34%), Voyage Charter Revenue (40.59%), and Other Revenue (0.08%).

Golden Ocean Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
GNK	Genco Shipping & Trading	$383.82B	$99.33B
CMRE	Costamare	$1.51B	$475.43M
NMM	Navios Maritime Partners	$1.31B	$318.56M
DAC	Danaos	$952.38M	$249.95M
SBLK	Star Bulk Carriers	$949.27M	$259.39M
GOGL	Golden Ocean Group	$885.77M	$246.74M
GSL	Global Ship Lease	$674.79M	$179.56M
DSX	Diana Shipping	$262.10M	$57.65M
OP	OceanPal	$18.96M	$5.69M

GOGL Revenue FAQ

What is Golden Ocean Group’s yearly revenue?

Golden Ocean Group's yearly revenue for 2023 was $885.77M, representing a decrease of -20.45% compared to 2022. The company's yearly revenue for 2022 was $1.11B, representing a decrease of -7.46% compared to 2021. GOGL's yearly revenue for 2021 was $1.2B, representing an increase of 97.91% compared to 2020.

What is Golden Ocean Group’s quarterly revenue?

Golden Ocean Group's quarterly revenue for Q1 2024 was $246.74M, a -2.94% decrease from the previous quarter (Q4 2023), and a 25.55% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $254.2M, a 14.68% increase from the previous quarter (Q3 2023), and a 1.86% increase year-over-year (Q4 2022). GOGL's quarterly revenue for Q3 2023 was $221.66M, a 3.88% increase from the previous quarter (Q2 2023), and a -21.41% decrease year-over-year (Q3 2022).

What is Golden Ocean Group’s revenue growth rate?

Golden Ocean Group's revenue growth rate for the last 3 years (2021-2023) was -26.38%, and for the last 5 years (2019-2023) was 25.50%.

What are Golden Ocean Group’s revenue streams?

Golden Ocean Group's revenue streams in c 23 are Voyage Charter Revenue, Time Charter Revenue, and Other Revenue. Voyage Charter Revenue generated $446.67M in revenue, accounting 50.43% of the company's total revenue, down -13.84% year-over-year. Time Charter Revenue generated $434.83M in revenue, accounting 49.09% of the company's total revenue, down -26.77% year-over-year. Other Revenue generated $4.27M in revenue, accounting 0.48% of the company's total revenue, up 238.40% year-over-year.

What is Golden Ocean Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Golden Ocean Group was Voyage Charter Revenue. This segment made a revenue of $446.67M, representing 50.43% of the company's total revenue.