Odyssey Marine Exploration Inc (OMEX) Financial Statements
Industry: Water Transportation
In fiscal 2025, Odyssey Marine Exploration reported revenue of $353,719, down 54.0% from $768,677 the year before. Net income was -$43.1M (a -12180.6% net margin), or -$1.10 per diluted share. Gross margin was -3797.1% and operating margin was -3797.1%. Operating activities generated -$8.8M of cash, leaving -$8.9M of free cash flow. At fiscal year end, Odyssey Marine Exploration held $15.8M in total assets against $91.4M in total liabilities, including $3.5M of cash and equivalents.
Open the full interactive Odyssey Marine Exploration financials → Quarterly statements, key ratios, valuation history and price charts.
Odyssey Marine Exploration Key Stats
| Share Price | $0.64 |
|---|---|
| Market Cap | $37.7M |
| Revenue YoY Growth | -54.0% |
| 52-Week Range | $0.60 – $4.12 |
| Shares Outstanding | 58.6 million (basic, 2026 Q2) |
Odyssey Marine Exploration Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.0M | $921,238 | $1.3M | $9,327 | $768,677 | $353,719 |
| Cost of Goods Sold | $14.7M | $15.9M | $18.4M | $11.1M | $12.8M | $13.8M |
| Gross Profit | -$12.6M | -$15.0M | -$17.0M | -$11.1M | -$12.0M | -$13.4M |
| Operating Income | -$12.6M | -$15.0M | -$17.0M | -$10.3M | -$12.0M | -$13.4M |
| Pre-Tax Income | -$21.1M | -$16.1M | -$30.9M | -$3.9M | $6.2M | -$48.5M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$14.8M | -$10.0M | -$23.1M | $5.3M | $15.7M | -$43.1M |
| Diluted EPS | -$1.41 | -$0.75 | -$1.34 | $0.27 | $0.07 | -$1.10 |
Odyssey Marine Exploration Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $60,975 | $22,744 | $22,500 | $77,855 |
| Net Income | -$13.1M | -$17.4M | $347,346 | -$9.3M |
| Diluted EPS | -$0.31 | -$0.44 | -$0.04 | -$0.16 |
Odyssey Marine Exploration Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.2M | $2.3M | $1.4M | $4.0M | $4.8M | $3.5M |
| Current Assets | $6.9M | $3.3M | $4.0M | $4.9M | $5.8M | $4.4M |
| Total Assets | $11.8M | $8.9M | $13.3M | $22.8M | $18.5M | $15.8M |
| Current Liabilities | $53.9M | $52.6M | $64.7M | $31.5M | $22.5M | $11.7M |
| Total Long-Term Debt | $42.1M | $41.3M | $46.7M | $50.7M | $47.9M | $5.0M |
| Total Liabilities | $69.7M | $71.4M | $89.8M | $108.7M | $97.6M | $91.4M |
| Shareholders' Equity | -$27.6M | -$26.0M | -$32.3M | -$32.5M | -$16.2M | -$37.6M |
Odyssey Marine Exploration Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$9.3M | -$5.3M | -$9.3M | -$10.2M | $642,341 | -$8.8M |
| Cash From Investing | — | $322,988 | -$2.3M | -$1.0M | -$84,350 | -$173,606 |
| Cash From Financing | $15.2M | $1.1M | $10.8M | $13.8M | $212,032 | $7.7M |
| Free Cash Flow | -$9.3M | -$5.3M | -$10.6M | -$11.5M | $557,991 | -$8.9M |
Figures from Odyssey Marine Exploration's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Odyssey Marine Exploration financials page for every line item.
Odyssey Marine Exploration Company Profile
| Ticker | OMEX |
|---|---|
| Exchange | Nasdaq |
| Industry | Water Transportation |
| Headquarters | Tampa, Florida |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000798528 |
Frequently Asked Questions
What was Odyssey Marine Exploration's revenue in fiscal 2025?
Odyssey Marine Exploration (OMEX) reported revenue of $353,719 for fiscal 2025.
What is Odyssey Marine Exploration's annual revenue history?
Odyssey Marine Exploration's annual revenue by fiscal year: 2020: $2.0M; 2021: $921,238; 2022: $1.3M; 2023: $9,327; 2024: $768,677; 2025: $353,719.
What was Odyssey Marine Exploration's net income in fiscal 2025?
Odyssey Marine Exploration reported net income of -$43.1M for fiscal 2025.
What was Odyssey Marine Exploration's earnings per share (EPS) in fiscal 2025?
Odyssey Marine Exploration's diluted EPS was -$1.10 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Odyssey Marine Exploration generate in fiscal 2025?
Odyssey Marine Exploration generated -$8.9M of free cash flow in fiscal 2025.
What was Odyssey Marine Exploration's revenue last quarter?
In its most recent reported quarter (2026 Q2), Odyssey Marine Exploration reported revenue of $77,855.
How much debt does Odyssey Marine Exploration have?
Odyssey Marine Exploration reported $5.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Odyssey Marine Exploration are outstanding?
Odyssey Marine Exploration reported a weighted average of 58.6 million basic shares outstanding in 2026 Q2.
What is Odyssey Marine Exploration's market cap?
Based on its latest closing price, Odyssey Marine Exploration (OMEX) has a market capitalization of about $37.7M.
When does Odyssey Marine Exploration's fiscal year end?
Odyssey Marine Exploration's fiscal year end, as registered with the SEC, is December 31.
Where is Odyssey Marine Exploration headquartered?
Odyssey Marine Exploration lists its business address in Tampa, Florida in its SEC filings.