USEA revenueFY2025$37.78M
- FY YoY
- -16.8%
USEA revenue was $37.78M for fiscal 2025 (ended Dec 31, 2025), down 16.8% from fiscal 2024.
United Maritime Corporation (USEA) financials
For fiscal 2025 (ended Dec 31, 2025), United Maritime Corporation reported $37.78M of revenue and -$6.19M of net income.
- Revenue, FY2025
- $37.78M
- Revenue growth, YoY
- -16.8%
- Net income, FY2025
- -$6.19M
- Net margin
- -16.4%
- Free cash flow, FY2025
- $1.54M
- EPS, diluted, FY2025
- -$0.70
- Cash
- $14.16M
- Total debt
- $47.90M
- P/S
- 0.58
- Market cap
- $22.0M
FY2023FY2025
FY2023FY2025
FY2023FY2025
USEA revenue and earnings growth
USEA net incomeFY2025-$6.19M
USEA net income was -$6.19M for fiscal 2025 (ended Dec 31, 2025), compared with -$3.38M in fiscal 2024.
USEA EPSFY2025-$0.70
USEA diluted EPS was -$0.70 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.39 in fiscal 2024.
USEA free cash flowFY2025$1.54M
- FY YoY
- -48.8%
USEA free cash flow was $1.54M for fiscal 2025 (ended Dec 31, 2025), down 48.8% from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $37.78M | $45.44M | $36.07M |
| Selling, general and admin | $4.31M | $4.01M | $6.02M |
| Operating income | -$455.0K | $4.82M | $7.08M |
| Interest expense | $6.37M | $8.42M | $7.18M |
| Net income | -$6.19M | -$3.38M | $221.0K |
| EPS, basic | -$0.70 | -$0.39 | $0.02 |
| EPS, diluted | -$0.70 | -$0.39 | $0.02 |
| Diluted shares | 8.9M | 8.7M | 8.4M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $14.16M | $6.41M | $14.50M |
| Receivables | $1.42M | $1.44M | $252.0K |
| Inventory | $363.0K | $650.0K | $664.0K |
| Current assets | $33.09M | $24.48M | $19.09M |
| Total assets | $138.68M | $172.07M | $174.81M |
| Current liabilities | $48.64M | $33.52M | $53.09M |
| Short-term debt | $14.33M | $17.65M | $8.69M |
| Long-term debt | $33.57M | $61.10M | $55.84M |
| Total debt | $47.90M | $78.75M | $64.53M |
| Total liabilities | $82.22M | $111.98M | $108.94M |
| Shareholders' equity | $52.92M | $60.09M | $65.87M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $2.21M | $3.26M | -$6.23M |
| Capital expenditures | $668.0K | $249.0K | $81.75M |
| Free cash flow | $1.54M | $3.02M | -$87.98M |
| Investing cash flow | $40.43M | $7.95M | -$59.14M |
| Financing cash flow | -$34.84M | -$18.95M | $9.94M |
| Dividends paid | $1.12M | $2.64M | $9.36M |
| Share repurchases | $204.0K | $469.0K | $673.0K |
| Stock-based compensation | $483.0K | $779.0K | $2.52M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | -16.8% | 26.0% | - |
| Operating margin | -1.2% | 10.6% | 19.6% |
| Net margin | -16.4% | -7.4% | 0.6% |
| Free cash flow margin | 4.1% | 6.6% | -243.9% |
| Return on equity | -11.7% | -5.6% | 0.3% |
| Return on assets | -4.5% | -2.0% | 0.1% |
| Current ratio | 0.68 | 0.73 | 0.36 |
| Debt to equity | 0.91 | 1.31 | 0.98 |
Source: XBRL data United Maritime Corporation files with the SEC, latest filing dated Apr 8, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
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.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
USEA peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| USEA | $37.78M | -16.8% | -$6.19M | -16.4% | $22.0M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $97.84B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $90.13B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $41.43B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $38.86B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.16B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.99B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $9.86B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.46B |
USEA FAQ
8 questionsWhat is USEA revenue?
United Maritime Corporation (USEA) reported $37.78M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 16.8% from the year before.Is USEA profitable?
No. United Maritime Corporation reported a net loss of $6.19M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does USEA have?
United Maritime Corporation reported $14.16M in cash and cash equivalents and $47.90M of debt on its most recent balance sheet in SEC filings.How fast is USEA revenue growing?
United Maritime Corporation's revenue changed -16.8% in fiscal 2025, to $37.78M.What is USEA free cash flow?
United Maritime Corporation generated $1.54M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $2.21M less capital expenditures.What is USEA earnings per share?
Diluted earnings per share were -$0.70 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did USEA last report financial results?
The latest statements here come from United Maritime Corporation's 20-F filed on Apr 8, 2026, covering the period ended Dec 31, 2025.Where does this USEA financial data come from?
Quantisnow builds these statements from the structured XBRL data United Maritime Corporation files with the SEC. It is provided for information only and is not investment advice.