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

Odyssey Marine Expl Inc (OMEX) reported diluted earnings per share of $-1.10 for fiscal year 2025. This represents a -1671.4% 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.

Odyssey Marine Expl Inc Financials

OMEX

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Odyssey Marine Expl Inc (OMEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 2026-07-01

External financing, not customer revenue, is carrying the business as fixed operating costs and interest outrun a tiny top line.

From FY2024 to FY2025, shares outstanding nearly doubled while operating cash flow swung from $642K to -$8.8M; that combination says the business was again funded mainly by new capital, not by self-financing operations. The same pattern sits behind the balance sheet: liabilities rose to $53.5M as assets slipped to $15.8M, pushing equity back to -$37.6M.

The core cost base looks largely fixed: FY2025 revenue was only $354K, yet SG&A alone was $11.0M and operating loss stayed near FY2024 levels at $13.4M. That means income volatility here is not being driven by sales momentum so much as by financing and other non-operating items.

Cash burn is also operational rather than expansionary. Free cash flow was -$8.9M and capex just $16K, so nearly all of the cash use came from maintaining the organization, while the 0.4x current ratio shows short-term obligations still exceed liquid resources.

Financial Health Signals

Financial health score pending refresh

We are recalculating Odyssey Marine Expl Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-31.48

Odyssey Marine Expl Inc scores -31.48, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($39.4M) 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 Expl 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 Low Quality

0.21x

For every $1 of reported earnings, Odyssey Marine Expl Inc generates $0.21 in operating cash flow (-$8.8M OCF vs -$43.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.7x

Odyssey Marine Expl Inc earns $-2.7 in operating income for every $1 of interest expense (-$13.4M vs $4.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$354K

YoY-54.0%

5Y CAGR-29.6%

10Y CAGR-23.8%

Odyssey Marine Expl Inc generated $354K in revenue in fiscal year 2025. This represents a decrease of 54.0% from the prior year.

EBITDA

-$13.4M

YoY-12.0%

Odyssey Marine Expl Inc's EBITDA was -$13.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.0% from the prior year.

Net Income

-$43.1M

YoY-375.2%

Odyssey Marine Expl Inc reported -$43.1M in net income in fiscal year 2025. This represents a decrease of 375.2% from the prior year.

EPS (Diluted)

$-1.10

YoY-1671.4%

Odyssey Marine Expl Inc earned $-1.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1671.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$8.9M

YoY-1688.8%

Odyssey Marine Expl Inc generated -$8.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1688.8% from the prior year.

Cash & Debt

$3.5M

YoY-26.6%

5Y CAGR-10.6%

10Y CAGR+4.6%

Odyssey Marine Expl Inc held $3.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

56M

YoY+93.5%

5Y CAGR+34.7%

10Y CAGR+22.2%

Odyssey Marine Expl Inc had 56M shares outstanding in fiscal year 2025. This represents an increase of 93.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-3797.1%

YoY-2235.4pp

5Y CAGR-3177.2pp

10Y CAGR-3393.3pp

Odyssey Marine Expl Inc's operating margin was -3797.1% in fiscal year 2025, reflecting core business profitability. This is down 2235.4 percentage points from the prior year.

Net Margin

-12180.6%

YoY-14217.6pp

5Y CAGR-11453.9pp

10Y CAGR-11839.0pp

Odyssey Marine Expl Inc's net profit margin was -12180.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14217.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$16K

YoY-80.9%

10Y CAGR-10.4%

Odyssey Marine Expl Inc invested $16K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 80.9% from the prior year.

OMEX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$354K-54.0%	$769K+8141.4%	$9K-94.9%	$184K-80.0%	$921K-54.8%	$2.0M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.0M+13.5%	$9.7M+41.3%	$6.8M-27.4%	$9.4M+49.1%	$6.3M+68.6%	$3.7M
Operating Income	-$13.4M-11.9%	-$12.0M-16.1%	-$10.3M+42.1%	-$17.9M-19.4%	-$15.0M-18.3%	-$12.6M
Interest Expense	$4.9M-24.3%	$6.5M+29.3%	$5.0M+119.0%	$2.3M-78.7%	$10.8M+56.6%	$6.9M
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$43.1M-375.2%	$15.7M+192.9%	$5.3M+124.2%	-$22.1M-121.8%	-$10.0M+32.8%	-$14.8M
EPS (Diluted)	$-1.10-1671.4%	$0.07-74.1%	$0.27+121.1%	$-1.28-70.7%	$-0.75+46.8%	$-1.41

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$23K-1.1%	$23K-62.7%	$61K-54.8%	$135K0.0%	$135K-0.8%	$136K-36.4%	$214K-0.8%	$216K
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	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.8M+43.8%	$4.0M+190.6%	$1.4M-63.9%	$3.8M+113.2%	$1.8M+5.4%	$1.7M-2.1%	$1.7M-21.4%	$2.2M
Operating Income	-$6.4M-36.4%	-$4.7M-120.6%	-$2.1M+51.3%	-$4.4M-96.6%	-$2.2M-58.6%	-$1.4M+51.1%	-$2.9M+4.9%	-$3.0M
Interest Expense	$172K-85.1%	$1.2M-14.6%	$1.4M+8.1%	$1.2M+5.7%	$1.2M-1.1%	$1.2M-28.3%	$1.7M-9.0%	$1.8M
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	$347K+102.0%	-$17.4M-33.1%	-$13.1M+12.0%	-$14.8M-762.4%	$2.2M+144.8%	-$5.0M-126.8%	$18.7M+1323.8%	-$1.5M
EPS (Diluted)	$-0.04	N/A	$-0.31+35.4%	$-0.48-4900.0%	$0.01	N/A	$0.13+285.7%	$-0.07

OMEX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.8M-14.3%	$18.5M-18.7%	$22.8M+64.0%	$13.9M+55.7%	$8.9M-24.2%	$11.8M
Current Assets	$4.4M-24.4%	$5.8M+18.2%	$4.9M+22.7%	$4.0M+19.7%	$3.3M-52.0%	$6.9M
Cash & Equivalents	$3.5M-26.6%	$4.8M+19.1%	$4.0M+178.6%	$1.4M-36.5%	$2.3M-63.1%	$6.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$67K-76.4%	$286K+159.0%	$110K+1368.0%	$8K-97.2%	$269K+67.8%	$160K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$53.5M+54.0%	$34.7M-37.1%	$55.2M-5.3%	$58.3M+67.0%	$34.9M-11.3%	$39.4M
Current Liabilities	$11.7M-48.0%	$22.5M-28.6%	$31.5M-24.8%	$41.8M	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$37.6M-131.8%	-$16.2M+50.0%	-$32.5M+27.0%	-$44.5M-70.8%	-$26.0M+5.8%	-$27.6M
Retained Earnings	-$323.5M-15.4%	-$280.4M+5.3%	-$296.1M+1.8%	-$301.4M-9.6%	-$275.1M-3.8%	-$265.1M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$13.4M-15.5%	$15.8M-10.7%	$17.7M+7.0%	$16.6M+4.7%	$15.8M-14.4%	$18.5M-15.0%	$21.8M-17.2%	$26.3M
Current Assets	$2.8M-36.6%	$4.4M-29.8%	$6.2M+53.9%	$4.0M+30.0%	$3.1M-46.2%	$5.8M+78.8%	$3.2M-59.9%	$8.0M
Cash & Equivalents	$2.1M-40.2%	$3.5M-39.6%	$5.8M+63.8%	$3.6M+44.4%	$2.5M-48.7%	$4.8M+67.6%	$2.9M-62.3%	$7.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$50K-25.9%	$67K0.0%	$67K0.0%	$67K0.0%	$67K-76.4%	$286K+239.7%	$84K+11.3%	$76K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$46.2M-13.7%	$53.5M-15.3%	$63.1M-9.0%	$69.4M+133.0%	$29.8M-14.3%	$34.7M-8.2%	$37.8M-39.0%	$62.0M
Current Liabilities	$13.3M+14.2%	$11.7M-28.8%	$16.4M-47.0%	$31.0M+33.8%	$23.1M+3.0%	$22.5M-27.4%	$31.0M-18.1%	$37.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$32.8M+12.9%	-$37.6M+17.1%	-$45.4M+14.0%	-$52.8M-278.6%	-$13.9M+14.1%	-$16.2M-1.1%	-$16.1M+55.0%	-$35.7M
Retained Earnings	-$323.2M+0.1%	-$323.5M-5.7%	-$306.1M-4.5%	-$293.0M-5.3%	-$278.2M+0.8%	-$280.4M-1.8%	-$275.4M+6.4%	-$294.1M

OMEX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$8.8M-1477.7%	$642K+106.3%	-$10.2M+0.4%	-$10.2M-88.2%	-$5.4M+40.9%	-$9.2M
Capital Expenditures	$16K-80.9%	$84K-93.7%	$1.3M-8.8%	$1.5M+7620.9%	$19K	$0
Free Cash Flow	-$8.9M-1688.8%	$558K+104.8%	-$11.5M+1.5%	-$11.7M-114.7%	-$5.4M+40.7%	-$9.2M
Investing Cash Flow	-$174K-105.8%	-$84K+91.8%	-$1.0M+58.5%	-$2.5M-867.1%	$323K	$0
Financing Cash Flow	$7.7M+3553.7%	$212K-98.5%	$13.8M+16.2%	$11.9M+876.9%	$1.2M-92.0%	$15.1M
Dividends Paid	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

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$3.8M-35.8%	-$2.8M-34.7%	-$2.1M-5.9%	-$2.0M-1.2%	-$2.0M-10.5%	-$1.8M-13.8%	-$1.6M-127.6%	$5.6M
Capital Expenditures	N/A	$15K+814.4%	$2K	$0	$0+100.0%	-$4K-200.0%	$4K+120.6%	-$20K
Free Cash Flow	N/A	-$2.8M-35.3%	-$2.1M-6.0%	-$2.0M-1.2%	-$2.0M-10.3%	-$1.8M-13.7%	-$1.6M-127.8%	$5.6M
Investing Cash Flow	N/A	-$15K+90.9%	-$159K	$0	$0-100.0%	$4K+200.0%	-$4K-120.6%	$20K
Financing Cash Flow	$2.4M+352.1%	$535K-88.2%	$4.5M+47.2%	$3.1M+914.5%	-$377K-110.2%	$3.7M+217.1%	-$3.2M-1916.5%	-$157K
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-3797.1%-2235.4pp	-1561.8%+109273.0pp	-110834.8%-101128.5pp	-9706.3%-8083.3pp	-1622.9%-1003.0pp	-619.9%
Net Margin	-12180.6%-14217.6pp	2037.0%-55278.5pp	57315.5%+69319.7pp	-12004.2%-10923.4pp	-1080.8%-354.1pp	-726.7%
Return on Equity	N/A	N/A	N/A	N/A	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%
Current Ratio	0.37+0.1	0.26+0.1	0.15+0.1	0.10	N/A	N/A
Debt-to-Equity	-1.42+0.7	-2.14-0.4	-1.70-0.4	-1.31+0.0	-1.34+0.1	-1.43
FCF Margin	-2506.3%-2578.9pp	72.6%+123556.0pp	-123483.4%-117129.3pp	-6354.1%-5763.2pp	-591.0%-140.5pp	-450.5%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-28491.5%-7829.0pp	-20662.5%-17168.1pp	-3494.4%-253.4pp	-3241.0%-1592.3pp	-1648.6%-617.7pp	-1031.0%+309.9pp	-1340.9%+58.2pp	-1399.1%
Net Margin	1543.8%+78074.0pp	-76530.3%-55090.8pp	-21439.5%-10441.0pp	-10998.5%-12658.9pp	1660.4%+5333.8pp	-3673.4%-12410.3pp	8736.9%+9445.3pp	-708.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	2.6%+112.5pp	-109.9%-36.2pp	-73.7%+15.9pp	-89.6%-103.8pp	14.2%+41.2pp	-27.1%-112.9pp	85.9%+91.7pp	-5.8%
Current Ratio	0.21-0.2	0.370.0	0.38+0.2	0.130.0	0.13-0.1	0.26+0.2	0.10-0.1	0.21
Debt-to-Equity	-1.41+0.0	-1.42-0.0	-1.39-0.1	-1.31+0.8	-2.130.0	-2.14+0.2	-2.35-0.6	-1.74
FCF Margin	N/A	-12467.8%-9029.6pp	-3438.2%-1973.0pp	-1465.2%-16.8pp	-1448.4%-146.3pp	-1302.1%-573.4pp	-728.7%-3333.7pp	2604.9%

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.

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Frequently Asked Questions

What is Odyssey Marine Expl Inc's annual revenue?

Odyssey Marine Expl 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 Expl Inc's revenue growing?

Odyssey Marine Expl Inc (OMEX) revenue declined by 54% year-over-year, from $769K to $354K in fiscal year 2025.

Is Odyssey Marine Expl Inc profitable?

No, Odyssey Marine Expl Inc (OMEX) reported a net income of -$43.1M in fiscal year 2025, with a net profit margin of -12180.6%.

What is Odyssey Marine Expl Inc's EBITDA?

Odyssey Marine Expl Inc (OMEX) had EBITDA of -$13.4M in fiscal year 2025, 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 -3797.1% in fiscal year 2025, 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 -12180.6% in fiscal year 2025, 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 -$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 Expl Inc's operating cash flow?

Odyssey Marine Expl Inc (OMEX) generated -$8.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Odyssey Marine Expl Inc's total assets?

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

What are Odyssey Marine Expl Inc's capital expenditures?

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

How many shares does Odyssey Marine Expl Inc have outstanding?

Odyssey Marine Expl Inc (OMEX) had 56M shares outstanding as of fiscal year 2025.

What is Odyssey Marine Expl Inc's current ratio?

Odyssey Marine Expl 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 Expl Inc's debt-to-equity ratio?

Odyssey Marine Expl Inc (OMEX) had a debt-to-equity ratio of -1.42 as of fiscal year 2025, 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 -272.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Odyssey Marine Expl Inc's cash runway?

Based on fiscal year 2025 data, Odyssey Marine Expl Inc (OMEX) had $3.5M in cash against an annual operating cash burn of $8.8M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Odyssey Marine Expl Inc's debt-to-equity ratio negative or unusual?

Odyssey Marine Expl Inc (OMEX) has negative shareholder equity of -$37.6M as of fiscal year 2025, 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 Altman Z-Score?

Odyssey Marine Expl Inc (OMEX) has an Altman Z-Score of -31.48, 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 Expl Inc's Piotroski F-Score?

Odyssey Marine Expl 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 Expl Inc's earnings high quality?

Odyssey Marine Expl Inc (OMEX) has an earnings quality ratio of 0.21x, 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. Learn more in our complete guide to financial health indicators.

Can Odyssey Marine Expl Inc cover its interest payments?

Odyssey Marine Expl Inc (OMEX) has an interest coverage ratio of -2.7x, 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. Learn more in our complete guide to financial health indicators.