NASDAQ · Financial Statements

Odyssey Marine Exploration, Inc. (OMEX) Financial Statements

$0.55 NASDAQ: OMEX Market Cap $32.56M

Odyssey Marine Exploration, Inc. most recently reported annual revenue of $0, a net loss of $43.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Odyssey Marine Exploration, Inc.: Revenue fell from $5.0M in 2016 to $0 in 2025, a change of -100.0% over 9 years; net profit was positive in 2 of 10 reported years; operating margin moved from -225.3% to -3797.1%, a shift of -3571.8 percentage points; the most recent year shows a net loss of $43.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$5.0M$1.0M$3.0M$3.0M$2.0M$1.0M$1.0M$1.0M$1.0M$0
Operating Expenses$15.0M$10.0M$9.0M$13.0M$15.0M$16.0M$19.0M$11.0M$13.0M$14.0M
Operating Profit$-11.0M$-8.0M$-6.0M$-10.0M$-13.0M$-15.0M$-18.0M$-10.0M$-12.0M$-13.0M
Operating Margin-225.3%-669.4%-185.2%-336.7%-619.9%-1622.9%-1337.6%-1286.1%-1561.8%-3797.1%
Other Income$1.0M$-3.0M$-3.0M$-5.0M$-8.0M$-1.0M$-12.0M$6.0M$18.0M$-35.0M
Interest$2.0M$3.0M$3.0M$5.0M$7.0M$11.0M$2.0M$5.0M$7.0M$5.0M
Depreciation$1.0M$1.0M$0$0$0$0$0$0$0$0
Profit Before Tax$-9.0M$-11.0M$-9.0M$-15.0M$-21.0M$-16.0M$-30.0M$-4.0M$6.0M$-48.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$-6.0M$-8.0M$-5.0M$-10.0M$-15.0M$-10.0M$-22.0M$5.0M$16.0M$-43.0M
EPS$-0.84$-0.95$-0.60$-1.12$-1.41$-0.75$-1.34$0.27$0.07$-1.10
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$0$0$0$0
Operating Expenses$3.0M$2.0M$5.0M$3.0M$3.0M$2.0M$2.0M$5.0M$2.0M$5.0M$6.0M$8.0M
Operating Profit$-2.0M$-2.0M$-5.0M$-3.0M$-3.0M$-1.0M$-2.0M$-4.0M$-2.0M$-5.0M$-6.0M$-8.0M
Operating Margin-1396.1%-1334.0%-2323.0%-1399.1%-1340.9%-1031.0%-1648.6%-3241.0%-3494.4%-20662.5%-28491.5%-9875.3%
Interest$2.0M$1.0M$2.0M$2.0M$2.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0$0
Profit Before Tax$-6.0M$-11.0M$1.0M$-4.0M$16.0M$-7.0M$0$-17.0M$-14.0M$-17.0M$0$-9.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-4.0M$-8.0M$3.0M$-2.0M$19.0M$-5.0M$2.0M$-15.0M$-13.0M$-17.0M$0$-9.0M
EPS$-0.14$-0.14$0.13$-0.07$0.74$-0.18$0.02$-0.48$-0.31$-0.34$-0.04$-0.16

Over the 10 years reported for Odyssey Marine Exploration, Inc., borrowings decreased from $25.0M in 2016 to $5.0M in 2025, cash stood at $4.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.33 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$5.0M$3.0M$5.0M$5.0M$12.0M$9.0M$14.0M$23.0M$18.0M$16.0M
Current Assets$3.0M$2.0M$5.0M$1.0M$7.0M$3.0M$4.0M$5.0M$6.0M$4.0M
Cash$2.0M$1.0M$3.0M$0$6.0M$2.0M$1.0M$4.0M$5.0M$4.0M
Inventory$1.0M$0$0$0$0$0$0$0$0$0
Receivables$0$0$1.0M$0$0$0$0$0$0$0
Fixed Assets$1.0M$1.0M$0$1.0M$1.0M$0$3.0M$1.0M$1.0M$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$1.0M$2.0M$2.0M$3.0M$5.0M$15.0M$10.0M$9.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$36.0M$41.0M$47.0M$59.0M$70.0M$71.0M$103.0M$109.0M$98.0M$91.0M
Current Liabilities$27.0M$33.0M$42.0M$51.0M$54.0M$53.0M$42.0M$31.0M$22.0M$12.0M
Borrowings$25.0M$27.0M$29.0M$35.0M$43.0M$42.0M$23.0M$23.0M$23.0M$5.0M
Other Liabilities$11.0M$14.0M$17.0M$23.0M$26.0M$29.0M$80.0M$85.0M$75.0M$86.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$-19.0M$-23.0M$-22.0M$-29.0M$-28.0M$-26.0M$-44.0M$-32.0M$-16.0M$-38.0M

For Odyssey Marine Exploration, Inc., operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $9.0M; free cash flow was positive in 1 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-8.0M$-6.0M$-6.0M$-5.0M$-9.0M$-5.0M$-10.0M$-10.0M$1.0M$-9.0M
Investing Cash Flow$0$0$2.0M$0$0$0$-4.0M$-2.0M$0$0
Financing Cash Flow$0$0$1.0M$0$0$-1.0M$-1.0M$0$0$0
Net Cash Flow$-1.0M$-1.0M$2.0M$-3.0M$6.0M$-4.0M$-1.0M$3.0M$1.0M$-1.0M
Free Cash Flow$-8.0M$-6.0M$-6.0M$-5.0M$-9.0M$-5.0M$-12.0M$-12.0M$1.0M$-9.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA-1.09
FCF Yield-14179.37%
Quick Ratio0.12
Interest Coverage-7.24
Return 1Y-59.33%
Return 3Y-80.12%
Return 5Y-87.67%

Odyssey Marine Exploration, Inc. (OMEX) financials — frequently asked questions

What is Odyssey Marine Exploration, Inc.'s annual revenue?

Odyssey Marine Exploration, Inc. (OMEX) reported annual revenue of $0 in its most recent fiscal year.

What is Odyssey Marine Exploration, Inc.'s net profit?

Odyssey Marine Exploration, Inc. (OMEX) reported a net loss of $43.0M in its most recent fiscal year.

What is OMEX EV/EBITDA?

Odyssey Marine Exploration, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -1.09. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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