For the twelve months ended Sep 30, 2026, Odyssey Marine Exploration Inc. reported $232.0K of revenue and -$31.01M of net income.
OMEX revenue was $108.9K in fiscal Q3 2026 (ended Sep 30, 2026), up 78.6% from a year earlier and up 39.9% from the prior quarter. For the full fiscal 2025 it was $353.7K, down 54.0% from fiscal 2024. Compound annual growth was -29.6% over 5 years and -23.8% over 10 years. It rose in 2 of the last 10 fiscal years.
OMEX net income was -$4.64M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$13.07M a year earlier. For the full fiscal 2025 it was -$43.09M, compared with $15.66M in fiscal 2024.
OMEX diluted EPS was -$1.98 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$27.50, compared with $1.75 in fiscal 2024.
OMEX free cash flow was -$2.84M in fiscal Q4 2025 (ended Dec 31, 2025), compared with -$1.77M a year earlier. For the full fiscal 2025 it was -$8.87M, compared with $558.0K in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $353.7K | $768.7K | $803.8K | $1.33M | $921.2K | $2.04M | $3.07M | $3.28M | $1.25M | $4.68M |
| Selling, general and admin | $10.98M | $9.67M | $6.84M | $9.43M | $6.32M | $3.75M | $5.49M | $5.65M | $6.17M | $7.96M |
| Operating income | -$13.43M | -$12.00M | -$10.34M | -$17.85M | -$14.95M | -$12.64M | -$10.35M | -$6.07M | -$8.36M | -$10.55M |
| Interest expense | $4.94M | $6.52M | $5.04M | $2.30M | $10.83M | $6.92M | $5.36M | $3.14M | $2.73M | $2.40M |
| Pre-tax income | -$48.47M | $6.25M | -$3.88M | -$29.82M | -$16.13M | -$21.09M | -$15.50M | -$9.10M | -$11.02M | -$9.08M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$43.09M | $15.66M | $5.35M | -$22.08M | -$9.96M | -$14.81M | -$10.44M | -$5.17M | -$7.76M | -$6.32M |
| EPS, basic | -$27.50 | $18.75 | $6.75 | -$32.00 | -$18.75 | -$35.25 | -$28.00 | -$15.00 | -$23.75 | -$21.00 |
| EPS, diluted | -$27.50 | $1.75 | $6.75 | -$32.00 | -$18.75 | -$35.25 | -$28.00 | -$15.00 | -$23.75 | -$21.00 |
| Diluted shares | 1.6M | 1.1M | 804,755.08 | 692,436.6 | 531,867.48 | 421,524.56 | 373,848.52 | 343,351.8 | 328,381.56 | 302,563.28 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.52M | $4.79M | $4.02M | $1.44M | $2.27M | $6.16M | $213.4K | $2.80M | $1.12M | $1.66M |
| Receivables | $67.3K | $285.8K | $110.3K | $7.5K | $268.9K | $160.3K | $421.6K | $789.4K | $232.4K | $473.8K |
| Current assets | $4.36M | $5.76M | $4.88M | $3.98M | $3.32M | $6.91M | $1.22M | $4.60M | $1.85M | $2.76M |
| Total assets | $15.84M | $18.49M | $22.75M | $13.87M | $8.91M | $11.76M | $5.33M | $5.47M | $2.97M | $5.08M |
| Current liabilities | $11.68M | $22.47M | $31.47M | $41.82M | $52.61M | $53.88M | $51.23M | $42.03M | $33.31M | $27.21M |
| Total debt | - | - | - | - | - | - | - | - | $3.00M | $4.34M |
| Total liabilities | $91.38M | $97.58M | $108.66M | $102.55M | $71.40M | $69.67M | $58.63M | $46.67M | $40.96M | $36.19M |
| Shareholders' equity | -$37.65M | -$79.08M | -$85.91M | -$88.67M | -$66.99M | -$57.91M | -$53.30M | -$41.20M | -$37.98M | -$31.10M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.85M | $642.3K | -$10.17M | -$10.21M | -$5.43M | -$9.18M | -$5.44M | -$6.45M | -$5.85M | -$8.31M |
| Capital expenditures | $16.1K | $84.3K | $1.35M | $1.48M | $19.1K | $0 | $15.5K | $9.6K | - | $129.7K |
| Free cash flow | -$8.87M | $558.0K | -$11.52M | -$11.69M | -$5.44M | -$9.18M | -$5.46M | -$6.46M | - | -$8.43M |
| Investing cash flow | -$173.6K | -$84.3K | -$1.03M | -$2.48M | $323.0K | $0 | -$15.5K | $994.0K | $80.0K | $70.3K |
| Financing cash flow | $7.75M | $212.0K | $13.78M | $11.86M | $1.21M | $15.13M | $2.88M | $7.14M | $5.22M | $7.66M |
| Stock-based compensation | $222.1K | $2.01M | $585.7K | $1.81M | $1.25M | $420.6K | $55.2K | $278.9K | $725.9K | $1.66M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -54.0% | -4.4% | -39.8% | 44.9% | -54.8% | -33.7% | -6.2% | 162.4% | -73.3% | -12.1% |
| Net income growth, YoY | - | 192.9% | - | - | - | - | - | - | - | - |
| Operating margin | -3797.1% | -1561.8% | -1286.1% | -1337.6% | -1622.9% | -619.9% | -336.7% | -185.2% | -669.4% | -225.3% |
| Net margin | -12180.6% | 2037.0% | 665.1% | -1654.3% | -1080.8% | -726.7% | -339.7% | -157.9% | -621.5% | -134.9% |
| Free cash flow margin | -2506.3% | 72.6% | -1432.9% | -875.7% | -591.0% | -450.5% | -177.7% | -197.3% | - | -180.1% |
| Return on assets | -272.0% | 84.7% | 23.5% | -159.2% | -111.8% | -126.0% | -195.9% | -94.5% | -261.0% | -124.2% |
| Current ratio | 0.37 | 0.26 | 0.15 | 0.10 | 0.06 | 0.13 | 0.02 | 0.11 | 0.06 | 0.10 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108.9K | $77.9K | $22.5K | $22.7K | $61.0K | $135.0K | $135.0K | $136.1K | $213.9K | $215.6K | $203.1K | $166.6K |
| Selling, general and admin | $3.90M | $7.09M | $5.75M | $4.00M | $1.38M | $3.81M | $1.79M | $1.70M | $1.73M | $2.20M | $4.03M | $1.65M |
| Operating income | -$4.36M | -$7.69M | -$6.41M | -$4.70M | -$2.13M | -$4.38M | -$2.23M | -$1.40M | -$2.87M | -$3.02M | -$4.72M | -$2.22M |
| Interest expense | $290.1K | $214.6K | $172.3K | $1.15M | $1.35M | $1.25M | $1.18M | $1.20M | $1.67M | $1.83M | $1.82M | $1.42M |
| Pre-tax income | -$4.61M | -$9.43M | $177.9K | -$17.41M | -$13.51M | -$17.14M | -$415.7K | -$7.18M | $16.24M | -$3.73M | $921.0K | -$10.66M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$4.64M | -$9.31M | $347.3K | -$17.41M | -$13.07M | -$14.85M | $2.24M | -$5.00M | $18.69M | -$1.53M | $3.50M | -$8.22M |
| EPS, basic | -$1.98 | -$4.00 | $0.25 | - | -$7.86 | -$12.00 | $2.00 | - | $22.50 | -$1.75 | $4.25 | -$10.50 |
| EPS, diluted | -$1.98 | -$4.00 | -$1.00 | - | -$7.86 | -$12.00 | $0.25 | - | $3.25 | -$1.75 | -$4.50 | -$10.25 |
| Diluted shares | 2.3M | 2.3M | 2.3M | - | 1.7M | 1.2M | 1.7M | - | 1.0M | 819,242.88 | 1.1M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.14M | $2.35M | $2.10M | $3.52M | $5.82M | $3.55M | $2.46M | $4.79M | $2.86M | $7.58M | $2.08M | $4.02M |
| Receivables | $114.1K | $129.4K | $49.9K | $67.3K | $67.3K | $67.3K | $67.3K | $285.8K | $84.1K | $75.6K | $59.1K | $110.3K |
| Current assets | $1.51M | $2.91M | $2.76M | $4.36M | $6.20M | $4.03M | $3.10M | $5.76M | $3.22M | $8.04M | $2.73M | $4.88M |
| Total assets | $11.57M | $13.24M | $13.38M | $15.84M | $17.74M | $16.57M | $15.83M | $18.49M | $21.76M | $26.28M | $20.63M | $22.75M |
| Current liabilities | $27.88M | $25.08M | $13.33M | $11.68M | $16.41M | $30.97M | $23.15M | $22.47M | $30.95M | $37.79M | $32.90M | $31.47M |
| Total liabilities | $95.93M | $93.16M | $84.22M | $91.38M | $101.04M | $106.84M | $95.27M | $97.58M | $98.48M | $120.20M | $111.69M | $108.66M |
| Shareholders' equity | -$46.21M | -$79.93M | -$70.85M | -$37.65M | -$83.30M | -$90.27M | -$79.44M | -$79.08M | -$76.72M | -$93.92M | -$91.06M | -$85.91M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.00M | -$4.67M | -$3.83M | -$2.82M | -$2.09M | -$1.98M | -$1.96M | -$1.77M | -$1.55M | $5.63M | -$1.67M | -$1.43M |
| Capital expenditures | - | - | - | $14.5K | $1.6K | $0 | $0 | -$4.0K | $4.0K | -$19.6K | $103.9K | $768.3K |
| Free cash flow | - | - | - | -$2.84M | -$2.10M | -$1.98M | -$1.96M | -$1.77M | -$1.56M | $5.62M | -$1.77M | -$2.20M |
| Investing cash flow | - | - | - | -$14.5K | -$159.1K | $0 | $0 | $4.0K | -$4.0K | $19.6K | -$103.9K | -$599.6K |
| Financing cash flow | $4.79M | $4.92M | $2.42M | $535.3K | $4.52M | $3.07M | -$376.9K | $3.70M | -$3.16M | -$156.6K | -$170.5K | $5.54M |
| Stock-based compensation | $117.5K | $139.8K | $151.0K | $84.9K | $45.7K | $45.7K | $45.7K | $345.3K | $101.8K | $101.8K | $1.46M | $46.8K |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 78.6% | -42.3% | -83.3% | -83.3% | -71.5% | -37.4% | -33.5% | -18.3% | 21.6% | 24.9% | -29.7% | -41.8% |
| Net income growth, YoY | - | - | -84.5% | - | - | - | -35.9% | - | - | - | -84.3% | - |
| Operating margin | -4005.7% | -9875.3% | -28491.5% | -20662.5% | -3494.4% | -3241.0% | -1648.6% | -1031.0% | -1340.9% | -1399.1% | -2323.0% | -1334.0% |
| Net margin | -4262.9% | -11957.9% | 1543.8% | -76530.3% | -21439.5% | -10998.5% | 1660.4% | -3673.4% | 8736.9% | -708.4% | 1722.6% | -4931.9% |
| Free cash flow margin | - | - | - | -12467.8% | -3438.2% | -1465.2% | -1448.4% | -1302.1% | -728.7% | 2605.0% | -873.2% | -1318.6% |
| Current ratio | 0.05 | 0.12 | 0.21 | 0.37 | 0.38 | 0.13 | 0.13 | 0.26 | 0.10 | 0.21 | 0.08 | 0.15 |
Source: XBRL data Odyssey Marine Exploration Inc. files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-12, first reported Mar 30, 2016; 1-for-25, first reported Nov 2, 2026.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| OMEX | $232.0K | -50.3% | -$31.01M | -13366.3% | $24.2M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $99.29B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.90B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.33B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $39.26B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.08B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $12.36B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.77B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.50B |