What is Odyssey Marine Exploration, Inc's earnings per share (EPS)?

Odyssey Marine Exploration, Inc (OMEX) reported diluted earnings per share of -$1.10 for fiscal year 2025. 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.

Odyssey Marine Exploration, Inc (OMEX) Financials

OMEX

FY2025 annual

Revenue $354K -54.0% YoY

Net Income -$43.1M -375.2% YoY

EPS (Diluted) -$1.10 YoY not available

Free Cash Flow -$8.9M -1688.8% YoY

Market Cap $42.8M as of Oct 8, 2026

Price / Sales 233x on $184K revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 11, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OMEX SEC filings page.

Odyssey Marine Exploration, Inc (OMEX) reported $354K in revenue for fiscal year 2025, down 54.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI OMEX FY2025 2026-10-03

Low sales leave a largely fixed operating burden and ongoing external financing needs dominating this business's reported results.

FY2023 and FY2024 both reported net income despite operating cash flow of -$10.2M and $642K, respectively. FY2025 paired a net loss of $43.1M with operating cash flow of -$8.8M, making the latest earnings picture more cash-consistent than the prior reported profits.

FY2025 revenue was only $354K while SG&A alone was $11.0M, so the current sales base cannot absorb the company's operating structure. The resulting operating loss of $13.4M reflects a cost base disconnected from present revenue volume.

Total liabilities were $53.5M against assets of $15.8M in FY2025, leaving negative equity and a current ratio of 0.4. Financing cash flow of $7.7M arrived as shares outstanding nearly doubled, indicating that operations were funded externally while internal cash generation was negative.

Financial Health Signals

Financial health score not available

Odyssey Marine Exploration, Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-31.44

Odyssey Marine Exploration, Inc scores -31.44, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($42.8M) relative to total liabilities ($53.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/7

Odyssey Marine Exploration, Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

Odyssey Marine Exploration, Inc reported a net loss of $43.1M while operations used $8.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Odyssey Marine Exploration, Inc reported an operating loss of $13.4M against $4.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$78K

YoY-42.3%

QoQ+246.0%

Odyssey Marine Exploration, Inc generated $78K in revenue in Q2 2026. This represents a decrease of 42.3% from the same quarter a year earlier. Against the prior quarter it is up 246.0%.

EBITDA

-$7.7M

YoY-76.0%

QoQ-20.0%

Odyssey Marine Exploration, Inc's EBITDA was -$7.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 76.0% from the same quarter a year earlier. Against the prior quarter it is down 20.0%.

Net Income

-$9.3M

YoY+37.3%

QoQ-2780.3%

Odyssey Marine Exploration, Inc reported -$9.3M in net income in Q2 2026. This represents an increase of 37.3% from the same quarter a year earlier. Against the prior quarter it is down 2780.3%.

EPS (Diluted)

-$0.16

QoQ-300.0%

Odyssey Marine Exploration, Inc earned -$0.16 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 300.0%.

Cash & Balance Sheet

Cash & Debt

$2.3M

YoY-33.9%

QoQ+11.6%

5Y CAGR-13.3%

10Y CAGR+2.5%

Odyssey Marine Exploration, Inc held $2.3M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

59M

QoQ+0.2%

5Y CAGR+34.6%

10Y CAGR+22.8%

Odyssey Marine Exploration, Inc had 59M shares outstanding in Q2 2026. Against the prior quarter it is up 0.2%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

OMEX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OMEX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$184K	$354K-54.0%	$769K+8141.4%	$9K-94.9%	$184K-80.0%	$921K-54.8%	$2.0M-33.7%	$3.1M-6.2%	$3.3M+162.4%	$1.2M-73.3%	$4.7M-12.1%	$5.3M+302.9%	$1.3M-94.5%	$23.9M+81.2%	$13.2M-16.1%	$15.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.4M+485.8%	$247K-64.4%	$695K+195.0%	$236K-43.2%	$415K
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.9M+260.9%	$1.1M-95.4%	$23.2M+79.1%	$13.0M-15.3%	$15.3M
SG&A Expenses	$18.2M	$11.0M+13.5%	$9.7M+41.3%	$6.8M-27.4%	$9.4M+49.1%	$6.3M+68.6%	$3.7M-31.7%	$5.5M-2.9%	$5.7M-8.3%	$6.2M-22.5%	$8.0M-30.5%	$11.5M+17.0%	$9.8M-30.9%	$14.2M+33.5%	$10.6M+12.9%	$9.4M
Operating Income	-$20.9M	-$13.4M-11.9%	-$12.0M-16.1%	-$10.3M+42.1%	-$17.9M-19.4%	-$15.0M-18.3%	-$12.6M-22.1%	-$10.3M-70.5%	-$6.1M+27.4%	-$8.4M+20.8%	-$10.6M+51.0%	-$21.5M+23.7%	-$28.2M-66.2%	-$17.0M-8.9%	-$15.6M-1.4%	-$15.4M
EBITDA	N/A	-$13.4M-12.0%	-$11.9M-18.1%	-$10.1M+43.2%	-$17.8M-18.9%	-$14.9M-18.3%	-$12.6M-23.4%	-$10.2M-82.2%	-$5.6M+26.1%	-$7.6M+19.9%	-$9.5M+52.8%	-$20.1M+11.4%	-$22.7M-50.9%	-$15.0M-7.4%	-$14.0M-3.9%	-$13.5M
Interest Expense	$2.9M	$4.9M-24.3%	$6.5M+29.3%	$5.0M+119.0%	$2.3M-78.7%	$10.8M+56.6%	$6.9M+29.0%	$5.4M+70.6%	$3.1M+15.2%	$2.7M+13.8%	$2.4M-47.3%	$4.6M+191.7%	$1.6M-56.4%	$3.6M-42.8%	$6.3M+442.3%	$1.2M
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0+100.0%	-$481K-197.0%	$496K	N/A	N/A
Net Income	-$39.4M	-$43.1M-375.2%	$15.7M+192.9%	$5.3M+124.2%	-$22.1M-121.8%	-$10.0M+32.8%	-$14.8M-41.9%	-$10.4M-101.8%	-$5.2M+33.3%	-$7.8M-22.9%	-$6.3M+65.3%	-$18.2M+31.2%	-$26.5M-146.5%	-$10.7M+40.9%	-$18.2M-12.1%	-$16.2M
EPS (Basic)	N/A	-$1.10-246.7%	$0.75+177.8%	$0.27+121.1%	-$1.28-70.7%	-$0.75+46.8%	-$1.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	-$0.85	-$1.10	$0.07	$0.27+121.1%	-$1.28-70.7%	-$0.75+46.8%	-$1.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	39M	28M	20M+16.2%	17M+30.2%	13M+26.2%	11M	N/A	N/A	N/A	N/A	7M+4.8%	7M-91.2%	80M+8.4%	74M+5.3%	70M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$78K-42.3%	$23K-83.3%	$23K-83.3%	$61K-71.5%	$135K-37.4%	$135K-33.5%	$136K	$214K+21.6%
SG&A Expenses	$7.1M+86.0%	$5.8M+221.7%	$4.0M+135.8%	$1.4M-20.6%	$3.8M+72.9%	$1.8M-55.7%	$1.7M	$1.7M+10.8%
Operating Income	-$7.7M-75.7%	-$6.4M-188.0%	-$4.7M-234.8%	-$2.1M+25.7%	-$4.4M-45.1%	-$2.2M+52.8%	-$1.4M	-$2.9M-16.8%
EBITDA	-$7.7M-76.0%	-$6.4M-189.9%	-$4.7M-238.5%	-$2.1M+25.8%	-$4.4M-45.3%	-$2.2M+53.1%	-$1.4M	-$2.8M-13.5%
Interest Expense	$215K-82.8%	$172K-85.4%	$1.2M-3.5%	$1.4M-19.0%	$1.2M-31.9%	$1.2M-35.0%	$1.2M	$1.7M-9.1%
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$9.3M+37.3%	$347K-84.5%	-$17.4M-248.0%	-$13.1M-170.0%	-$14.8M-872.3%	$2.2M-35.9%	-$5.0M	$18.7M+590.1%
EPS (Basic)	-$0.16+66.7%	$0.01-87.5%	-$0.34-30.8%	-$0.31-134.4%	-$0.48-585.7%	$0.08-52.9%	-$0.26+36.6%	$0.90+573.7%
EPS (Diluted)	-$0.16	-$0.04-500.0%	-$0.34-288.9%	-$0.31	-$0.48	$0.01+105.6%	$0.18+194.7%	$0.13
Diluted Shares (Avg)	59M	57M+36.3%	N/A	42M	31M	42M+56.1%	N/A	25M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

OMEX Balance Sheet

OMEX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$15.8M-14.3%	$18.5M-18.7%	$22.8M+64.0%	$13.9M+55.7%	$8.9M-24.2%	$11.8M+120.6%	$5.3M-2.6%	$5.5M+84.1%	$3.0M-41.5%	$5.1M-26.5%	$6.9M-72.4%	$25.1M-51.2%	$51.5M+91.3%	$26.9M+14.9%	$23.4M
Current Assets	$4.4M-24.4%	$5.8M+18.2%	$4.9M+22.7%	$4.0M+19.7%	$3.3M-52.0%	$6.9M+464.2%	$1.2M-73.4%	$4.6M+149.3%	$1.8M-33.0%	$2.8M-22.3%	$3.5M-69.1%	$11.5M-65.9%	$33.6M+144.1%	$13.8M+37.4%	$10.0M
Cash & Equivalents	$3.5M-26.6%	$4.8M+19.1%	$4.0M+178.6%	$1.4M-36.5%	$2.3M-63.1%	$6.2M+2788.2%	$213K-92.3%	$2.8M+151.5%	$1.1M-33.3%	$1.7M-25.8%	$2.2M-28.7%	$3.1M-85.3%	$21.3M+111.2%	$10.1M+26.7%	$8.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$675K+114.5%	$315K-24.9%	$419K-24.8%	$557K
Accounts Receivable	$67K-76.4%	$286K+159.0%	$110K+1368.0%	$8K-97.2%	$269K+67.8%	$160K-62.0%	$422K-46.6%	$789K+239.7%	$232K-51.0%	$474K-40.9%	$802K-87.6%	$6.5M+3028.5%	$207K-90.2%	$2.1M+319.9%	$501K
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$53.5M+54.0%	$34.7M-37.1%	$55.2M-5.3%	$58.3M+67.0%	$34.9M-11.3%	$39.4M+13.8%	$34.6M+26.5%	$27.4M+7.0%	$25.6M+6.3%	$24.1M+4.2%	$23.1M-34.9%	$35.5M-7.2%	$38.3M-19.7%	$47.7M+44.7%	$32.9M
Current Liabilities	$11.7M-48.0%	$22.5M-28.6%	$31.5M-24.8%	$41.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$19.0M-31.9%	$27.9M-28.3%	$39.0M+106.9%	$18.8M
Non-Current Liabilities	N/A	N/A	N/A	$60.7M+223.2%	$18.8M+19.0%	$15.8M+113.4%	$7.4M+59.3%	$4.6M-39.2%	$7.6M-14.9%	$9.0M+15.3%	$7.8M-52.7%	$16.5M+59.6%	$10.3M+19.1%	$8.7M-38.6%	$14.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.0M-30.8%	$4.3M+54.8%	$2.8M-82.1%	$15.7M+27.4%	$12.3M-23.4%	$16.0M+52.9%	$10.5M
Total Equity	-$37.6M-131.8%	-$16.2M+50.0%	-$32.5M+27.0%	-$44.5M-70.8%	-$26.0M+5.8%	-$27.6M+5.7%	-$29.3M-33.8%	-$21.9M+3.2%	-$22.6M-19.1%	-$19.0M-17.2%	-$16.2M-55.7%	-$10.4M-178.8%	$13.2M+163.6%	-$20.8M-112.4%	-$9.8M
Retained Earnings	-$323.5M-15.4%	-$280.4M+5.3%	-$296.1M+1.8%	-$301.4M-9.6%	-$275.1M-3.8%	-$265.1M-5.9%	-$250.3M-4.4%	-$239.9M-2.2%	-$234.7M-3.4%	-$227.0M-2.9%	-$220.6M-9.0%	-$202.4M-15.0%	-$176.0M-6.5%	-$165.2M-12.4%	-$147.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$13.2M-20.1%	$13.4M-15.5%	$15.8M-14.3%	$17.7M-18.5%	$16.6M-36.9%	$15.8M-23.3%	$18.5M-18.7%	$21.8M+16.2%
Current Assets	$2.9M-27.7%	$2.8M-11.0%	$4.4M-24.4%	$6.2M+92.6%	$4.0M-49.9%	$3.1M+13.8%	$5.8M+18.2%	$3.2M+144.5%
Cash & Equivalents	$2.3M-33.9%	$2.1M-14.5%	$3.5M-26.6%	$5.8M+103.4%	$3.6M-53.1%	$2.5M+18.4%	$4.8M+19.1%	$2.9M+458.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$129K+92.2%	$50K-25.9%	$67K-76.4%	$67K-20.0%	$67K-10.9%	$67K+13.8%	$286K+159.0%	$84K+17.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$55.0M-20.8%	$46.2M+55.0%	$53.5M+54.0%	$63.1M+67.0%	$69.4M+11.9%	$29.8M-46.5%	$34.7M-37.1%	$37.8M-13.2%
Current Liabilities	$25.1M-19.0%	$13.3M-42.4%	$11.7M-48.0%	$16.4M-47.0%	$31.0M-18.1%	$23.1M-29.6%	$22.5M-28.6%	$31.0M+8.1%
Non-Current Liabilities	$29.9M-22.2%	$32.8M	N/A	$46.7M	$38.4M	N/A	N/A	N/A
Total Equity	-$41.7M+21.0%	-$32.8M-135.0%	-$37.6M-131.8%	-$45.4M-182.7%	-$52.8M-47.9%	-$13.9M+60.2%	-$16.2M+50.0%	-$16.1M+35.4%
Retained Earnings	-$332.5M-13.5%	-$323.2M-16.2%	-$323.5M-15.4%	-$306.1M-11.1%	-$293.0M+0.4%	-$278.2M+4.9%	-$280.4M+5.3%	-$275.4M+4.3%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

OMEX Cash Flow Statement

OMEX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$13.4M	-$8.8M-1477.7%	$642K+106.3%	-$10.2M+0.4%	-$10.2M-88.2%	-$5.4M+40.9%	-$9.2M-68.7%	-$5.4M+15.6%	-$6.5M-10.3%	-$5.9M+29.6%	-$8.3M+51.6%	-$17.2M+39.9%	-$28.6M-42.3%	-$20.1M-200.0%	-$6.7M+56.0%	-$15.2M
Depreciation & Amortization	N/A	$75K-4.7%	$79K-67.5%	$243K+174.9%	$88K+902.0%	$9K-5.4%	$9K-92.0%	$116K-74.3%	$453K-40.4%	$761K-28.5%	$1.1M-25.1%	$1.4M-74.2%	$5.5M+184.4%	$1.9M+21.9%	$1.6M-16.1%	$1.9M
Stock-Based Compensation	N/A	$222K-89.0%	$2.0M+243.5%	$586K-67.7%	$1.8M+44.9%	$1.3M+197.3%	$421K+662.0%	$55K-80.2%	$279K-61.6%	$726K-56.4%	$1.7M-38.3%	$2.7M+21.1%	$2.2M-9.2%	$2.5M+64.6%	$1.5M-4.0%	$1.6M
Capital Expenditures	N/A	$16K-80.9%	$84K-93.7%	$1.3M-8.8%	$1.5M+7620.9%	$19K	$0-100.0%	$15K+61.0%	$10K	N/A	$130K+167.9%	$48K-98.4%	$3.0M-34.1%	$4.5M+376.1%	$946K-2.8%	$974K
Free Cash Flow	N/A	-$8.9M-1688.8%	$558K+104.8%	-$11.5M+1.5%	-$11.7M-114.7%	-$5.4M+40.7%	-$9.2M-68.2%	-$5.5M+15.5%	-$6.5M	N/A	-$8.4M+51.0%	-$17.2M+45.4%	-$31.5M-28.3%	-$24.6M-221.8%	-$7.6M+52.8%	-$16.2M
Investing Cash Flow	N/A	-$174K-105.8%	-$84K+91.8%	-$1.0M+58.5%	-$2.5M-867.1%	$323K	$0+100.0%	-$15K-101.6%	$994K+1142.5%	$80K+13.8%	$70K	N/A	N/A	-$4.5M-376.1%	-$946K-93.6%	-$489K
Financing Cash Flow	$12.4M	$7.7M+3553.7%	$212K-98.5%	$13.8M+16.2%	$11.9M+876.9%	$1.2M-92.0%	$15.1M+426.1%	$2.9M-59.7%	$7.1M+36.8%	$5.2M-31.9%	$7.7M	N/A	N/A	$35.8M+266.8%	$9.8M-58.3%	$23.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10K-98.1%	$516K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$4.7M-136.1%	-$3.8M-96.0%	-$2.8M-59.5%	-$2.1M-34.7%	-$2.0M-135.1%	-$2.0M-17.1%	-$1.8M-23.8%	-$1.6M-32.7%
Depreciation & Amortization	$18K-1.5%	$18K-12.8%	$19K-9.9%	$18K-16.9%	$18K+3.3%	$21K+7.1%	$21K+207.7%	$21K+140.1%
Stock-Based Compensation	$140K+205.6%	$151K+230.1%	N/A	$46K-55.1%	$46K-55.1%	$46K-96.9%	N/A	$102K-49.1%
Capital Expenditures	N/A	N/A	$15K+260.1%	$2K-60.6%	$0-100.0%	$0-100.0%	-$4K-99.5%	$4K-98.7%
Free Cash Flow	N/A	N/A	-$2.8M-60.0%	-$2.1M-34.5%	-$2.0M-135.2%	-$2.0M-10.3%	-$1.8M+19.3%	-$1.6M-4.7%
Investing Cash Flow	N/A	N/A	-$15K-460.1%	-$159K-3847.8%	$0-100.0%	$0+100.0%	$4K+100.7%	-$4K+99.3%
Financing Cash Flow	$4.9M+60.1%	$2.4M+742.1%	$535K-85.5%	$4.5M+243.1%	$3.1M+2060.3%	-$377K-121.0%	$3.7M-33.2%	-$3.2M-843.5%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

OMEX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

OMEX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	72.9%-8.5pp	81.3%-15.8pp	97.1%-1.1pp	98.2%+0.9pp	97.4%
Operating Margin	-3797.1%	-1561.8%	-110834.8%	-9706.3%	-1622.9%	-619.9%	-336.7%	-185.2%	-669.4%	-225.3%	-403.8%	-2131.2%	-71.0%	-118.1%	-97.7%
Net Margin	-12180.6%	2037.0%	57315.5%	-12004.2%	-1080.8%	-726.7%	-339.7%	-157.9%	-621.5%	-134.9%	-341.6%	-2001.2%	-44.9%	-137.8%	-103.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-81.3%	N/A	N/A
Return on Assets	-272.0%-356.7pp	84.7%+61.2pp	23.5%+182.7pp	-159.2%-47.4pp	-111.8%+14.2pp	-126.0%+69.9pp	-195.9%-101.4pp	-94.5%+166.5pp	-261.1%-136.8pp	-124.2%+139.1pp	-263.4%-157.9pp	-105.5%-84.6pp	-20.9%+46.7pp	-67.6%+1.7pp	-69.3%
Current Ratio	0.37+0.1x	0.26+0.1x	0.15+0.1x	0.10	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.60-0.6x	1.20+0.8x	0.35-0.2x	0.53
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.93	N/A	N/A
Asset Turnover	0.020.0x	0.040.0x	0.000.0x	0.01-0.1x	0.10-0.1x	0.17-0.4x	0.580.0x	0.60+0.2x	0.42-0.5x	0.92+0.2x	0.77+0.7x	0.05-0.4x	0.460.0x	0.49-0.2x	0.67
FCF Margin	-2506.3%	72.6%	-123483.4%	-6354.1%	-591.0%	-450.5%	-177.7%	-197.3%	N/A	-180.1%	-322.9%	-2382.9%	-102.8%	-57.9%	-102.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	-9875.3%	-28491.5%	-20662.5%	-3494.4%	-3241.0%	-1648.6%	-1031.0%	-1340.9%
Net Margin	-11957.9%	1543.8%	-76530.3%	-21439.5%	-10998.5%	1660.4%	-3673.4%	8736.9%
Return on Assets	-70.3%+19.3pp	2.6%-11.6pp	-109.9%-82.8pp	-73.7%-159.6pp	-89.6%-83.8pp	14.2%-2.8pp	-27.1%	85.9%+106.3pp
Current Ratio	0.120.0x	0.21+0.1x	0.37+0.1x	0.38+0.3x	0.13-0.1x	0.13+0.1x	0.26+0.1x	0.10+0.1x
Asset Turnover	0.010.0x	0.000.0x	0.000.0x	0.000.0x	0.010.0x	0.010.0x	0.01	0.010.0x
FCF Margin	N/A	N/A	-12467.8%	-3438.2%	-1465.2%	-1448.4%	-1302.1%	-728.7%

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$37.6M), 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 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Odyssey Marine Exploration, Inc OMEX	FY2025	$354K	-$43.1M	N/A	$42.8M	—
Nova Minerals Corp NVA	FY2026	N/A	-$25.6M	N/A	$2.8B	—
Atlas Lithium Corporation ATLX	FY2025	$121K	-$28.1M	N/A	$74.9M	—
Solitario Resources Corp. XPL	FY2025	N/A	-$3.8M	N/A	$54.0M	—
Westwater Resources, Inc. WWR	FY2025	N/A	-$27.3M	N/A	$61.7M	—
Largo Inc. LGO	FY2025	$109.9M	-$68.7M	-62.5%	$54.9M	10/100

Where Odyssey Marine Exploration, Inc Ranks

Frequently Asked Questions

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

Odyssey Marine Exploration, Inc (OMEX) reported $354K in total revenue for fiscal year 2025. This represents a -54.0% 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 Exploration, Inc's revenue growing?

Odyssey Marine Exploration, Inc (OMEX) revenue declined by 54.0% year-over-year, from $769K to $354K in fiscal year 2025.

Is Odyssey Marine Exploration, Inc profitable?

No, Odyssey Marine Exploration, Inc (OMEX) reported a net income of -$43.1M in fiscal year 2025.

What is Odyssey Marine Exploration, Inc's EBITDA?

Odyssey Marine Exploration, Inc (OMEX) had EBITDA of -$13.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Odyssey Marine Exploration, Inc's free cash flow?

Odyssey Marine Exploration, Inc (OMEX) recorded an outflow of $8.9M in free cash flow during fiscal year 2025. This represents a -1688.8% 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 Exploration, Inc's operating cash flow?

Odyssey Marine Exploration, Inc (OMEX) recorded an outflow of $8.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Odyssey Marine Exploration, Inc's total assets?

Odyssey Marine Exploration, Inc (OMEX) had $15.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Odyssey Marine Exploration, Inc's capital expenditures?

Odyssey Marine Exploration, Inc (OMEX) invested $16K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Odyssey Marine Exploration, Inc have outstanding?

Odyssey Marine Exploration, Inc (OMEX) had 58M shares outstanding as of fiscal year 2025.

What is Odyssey Marine Exploration, Inc's current ratio?

Odyssey Marine Exploration, Inc (OMEX) had a current ratio of 0.37 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Odyssey Marine Exploration, Inc's return on assets (ROA)?

Odyssey Marine Exploration, Inc (OMEX) had a return on assets of -272.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Odyssey Marine Exploration, Inc's P/E ratio?

Odyssey Marine Exploration, Inc (OMEX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $42.8M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Odyssey Marine Exploration, Inc's price-to-sales ratio?

Odyssey Marine Exploration, Inc (OMEX) trades at 233x sales, its market capitalization divided by revenue of $184K revenue, trailing 12 months to June 30, 2026. The market capitalization is $42.8M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Odyssey Marine Exploration, Inc's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Odyssey Marine Exploration, Inc (OMEX) held $3.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.8M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is Odyssey Marine Exploration, Inc's debt-to-equity ratio negative or not reported?

Odyssey Marine Exploration, Inc (OMEX) has negative shareholder equity of -$37.6M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Exploration, Inc's Altman Z-Score?

Odyssey Marine Exploration, Inc (OMEX) has an Altman Z-Score of -31.44, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Odyssey Marine Exploration, Inc's Piotroski F-Score?

Odyssey Marine Exploration, Inc (OMEX) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Odyssey Marine Exploration, Inc's earnings high quality?

Odyssey Marine Exploration, Inc (OMEX) reported a net loss of $43.1M while operations used $8.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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. Learn more in our complete guide to financial health indicators.

Can Odyssey Marine Exploration, Inc cover its interest payments?

Odyssey Marine Exploration, Inc (OMEX) reported an operating loss of $13.4M against $4.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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. Learn more in our complete guide to financial health indicators.