Odyssey Marine Expl Inc Financials
This page shows Odyssey Marine Expl Inc (OMEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Odyssey Marine Expl Inc generated $769K in revenue in fiscal year 2024. This represents an increase of 317.9% from the prior year.
Odyssey Marine Expl Inc's EBITDA was -$11.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.9% from the prior year.
Odyssey Marine Expl Inc generated $558K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 104.8% from the prior year.
Odyssey Marine Expl Inc reported $6.2M in net income in fiscal year 2024. This represents an increase of 128.3% from the prior year.
Odyssey Marine Expl Inc earned $0.07 per diluted share (EPS) in fiscal year 2024. This represents an increase of 105.5% from the prior year.
Odyssey Marine Expl Inc held $4.8M in cash against $0 in long-term debt as of fiscal year 2024.
Odyssey Marine Expl Inc had 29M shares outstanding in fiscal year 2024. This represents an increase of 47.5% from the prior year.
Odyssey Marine Expl Inc's operating margin was -1561.8% in fiscal year 2024, reflecting core business profitability. This is up 8144.5 percentage points from the prior year.
Odyssey Marine Expl Inc's net profit margin was 812.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 12816.9 percentage points from the prior year.
Odyssey Marine Expl Inc invested $84K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 94.3% from the prior year.
OMEX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $61K-54.8% | $135K0.0% | $135K-19.0% | $167K-5.3% | $176K+1.9% | $173K-40.2% | $289K+0.8% | $286K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $286K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.4M-63.9% | $3.8M+113.2% | $1.8M+8.1% | $1.7M+5.7% | $1.6M-13.6% | $1.8M-0.4% | $1.8M+13.9% | $1.6M |
| Operating Income | -$2.1M+51.3% | -$4.4M-96.6% | -$2.2M-0.1% | -$2.2M+9.5% | -$2.5M+13.8% | -$2.8M-1.3% | -$2.8M+30.3% | -$4.0M |
| Interest Expense | $1.4M+8.1% | $1.2M+5.7% | $1.2M-16.9% | $1.4M-22.5% | $1.8M+70.9% | $1.1M+52.1% | $707K-76.1% | $3.0M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$13.1M+12.0% | -$14.8M-762.4% | $2.2M+127.3% | -$8.2M-115.5% | -$3.8M+22.7% | -$4.9M-122.1% | $22.3M+567.5% | -$4.8M |
| EPS (Diluted) | $-0.31+35.4% | $-0.48-4900.0% | $0.01+102.4% | $-0.41-115.8% | $-0.19+24.0% | $-0.25-122.3% | $1.12+689.5% | $-0.19 |
OMEX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.7M+7.0% | $16.6M+4.7% | $15.8M-30.4% | $22.8M+21.5% | $18.7M+33.9% | $14.0M+6.3% | $13.2M-5.1% | $13.9M |
| Current Assets | $6.2M+53.9% | $4.0M+30.0% | $3.1M-36.4% | $4.9M+269.9% | $1.3M-70.8% | $4.5M+19.6% | $3.8M-4.9% | $4.0M |
| Cash & Equivalents | $5.8M+63.8% | $3.6M+44.4% | $2.5M-38.8% | $4.0M+685.8% | $512K-72.1% | $1.8M+171.6% | $674K-53.3% | $1.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $67K0.0% | $67K0.0% | $67K-39.0% | $110K+54.3% | $72K-92.9% | $1.0M+5912588.2% | $17-99.8% | $8K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $63.1M-40.9% | $106.8M+12.1% | $95.3M-12.3% | $108.7M+14.9% | $94.6M+11.7% | $84.6M+9.9% | $77.0M-24.9% | $102.5M |
| Current Liabilities | $16.4M-47.0% | $31.0M+33.8% | $23.1M-26.4% | $31.5M+9.9% | $28.6M-28.9% | $40.3M+10.8% | $36.3M-13.1% | $41.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$45.4M+49.7% | -$90.3M-13.6% | -$79.4M+7.5% | -$85.9M-13.3% | -$75.8M-7.3% | -$70.6M-10.6% | -$63.9M+28.0% | -$88.7M |
| Retained Earnings | -$306.1M-4.5% | -$293.0M-5.3% | -$278.2M+6.0% | -$296.1M-2.9% | -$287.9M-0.2% | -$287.4M-2.0% | -$281.6M+6.6% | -$301.4M |
OMEX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | -$2.0M | N/A | N/A | N/A | -$4.0M | N/A |
| Capital Expenditures | N/A | N/A | $0 | N/A | N/A | N/A | $508K | N/A |
| Free Cash Flow | N/A | N/A | -$2.0M | N/A | N/A | N/A | -$4.5M | N/A |
| Investing Cash Flow | N/A | N/A | $0 | N/A | N/A | N/A | -$508K | N/A |
| Financing Cash Flow | N/A | N/A | -$377K | N/A | N/A | N/A | $3.7M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OMEX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% |
| Operating Margin | -3494.4%-253.4pp | -3241.0%-1592.3pp | -1648.6%-314.6pp | -1334.0%+62.1pp | -1396.1%+253.9pp | -1650.1%-676.2pp | -973.9%+639.4pp | -1613.3% |
| Net Margin | -21439.5%-10441.0pp | -10998.5%-12658.9pp | 1660.4%+6592.3pp | -4931.9%-2763.7pp | -2168.2%+689.5pp | -2857.7%-10583.6pp | 7725.9%+9392.0pp | -1666.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -73.7%+15.9pp | -89.6%-103.8pp | 14.2%+50.3pp | -36.1%-15.7pp | -20.4%+14.9pp | -35.3%-204.7pp | 169.5%+203.9pp | -34.4% |
| Current Ratio | 0.38+0.2 | 0.130.0 | 0.13-0.0 | 0.15+0.1 | 0.05-0.1 | 0.110.0 | 0.100.0 | 0.10 |
| Debt-to-Equity | -1.39-0.2 | -1.18+0.0 | -1.20+0.1 | -1.26-0.0 | -1.25-0.0 | -1.200.0 | -1.21-0.0 | -1.16 |
| FCF Margin | N/A | N/A | -1448.4% | N/A | N/A | N/A | -1556.2% | N/A |
Note: Shareholder equity is negative (-$16.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.26), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
Operating income vs interest expense. Above 5x = safe, below 2x = risky.
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Frequently Asked Questions
What is Odyssey Marine Expl Inc's annual revenue?
Odyssey Marine Expl Inc (OMEX) reported $769K in total revenue for fiscal year 2024. This represents a 317.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Odyssey Marine Expl Inc's revenue growing?
Odyssey Marine Expl Inc (OMEX) revenue grew by 317.9% year-over-year, from $184K to $769K in fiscal year 2024.
Is Odyssey Marine Expl Inc profitable?
Yes, Odyssey Marine Expl Inc (OMEX) reported a net income of $6.2M in fiscal year 2024, with a net profit margin of 812.7%.
What is Odyssey Marine Expl Inc's earnings per share (EPS)?
Odyssey Marine Expl Inc (OMEX) reported diluted earnings per share of $0.07 for fiscal year 2024. This represents a 105.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Odyssey Marine Expl Inc's EBITDA?
Odyssey Marine Expl Inc (OMEX) had EBITDA of -$11.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Odyssey Marine Expl Inc's operating margin?
Odyssey Marine Expl Inc (OMEX) had an operating margin of -1561.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Odyssey Marine Expl Inc's net profit margin?
Odyssey Marine Expl Inc (OMEX) had a net profit margin of 812.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Odyssey Marine Expl Inc's free cash flow?
Odyssey Marine Expl Inc (OMEX) generated $558K in free cash flow during fiscal year 2024. This represents a 104.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Odyssey Marine Expl Inc's operating cash flow?
Odyssey Marine Expl Inc (OMEX) generated $642K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Odyssey Marine Expl Inc's total assets?
Odyssey Marine Expl Inc (OMEX) had $18.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Odyssey Marine Expl Inc's capital expenditures?
Odyssey Marine Expl Inc (OMEX) invested $84K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Odyssey Marine Expl Inc have outstanding?
Odyssey Marine Expl Inc (OMEX) had 29M shares outstanding as of fiscal year 2024.
What is Odyssey Marine Expl Inc's current ratio?
Odyssey Marine Expl Inc (OMEX) had a current ratio of 0.26 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Odyssey Marine Expl Inc's debt-to-equity ratio?
Odyssey Marine Expl Inc (OMEX) had a debt-to-equity ratio of -2.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Odyssey Marine Expl Inc's return on assets (ROA)?
Odyssey Marine Expl Inc (OMEX) had a return on assets of 33.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Odyssey Marine Expl Inc's debt-to-equity ratio negative or unusual?
Odyssey Marine Expl Inc (OMEX) has negative shareholder equity of -$16.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Odyssey Marine Expl Inc's Piotroski F-Score?
Odyssey Marine Expl Inc (OMEX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Odyssey Marine Expl Inc's earnings high quality?
Odyssey Marine Expl Inc (OMEX) has an earnings quality ratio of 0.10x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
Can Odyssey Marine Expl Inc cover its interest payments?
Odyssey Marine Expl Inc (OMEX) has an interest coverage ratio of -1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.
How financially healthy is Odyssey Marine Expl Inc?
Odyssey Marine Expl Inc (OMEX) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.