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SEAFARER EXPLORATION (SFRX) Financials

SFRX OTC
Trailing 12 months to June 30, 2026
Revenue Not reported for the trailing 12 months
Net Income Not reported for the trailing 12 months
EPS (Diluted) Not reported for the trailing 12 months
Operating Cash Flow -$2.0M n/m YoY
Market Cap $36.4M as of Oct 28, 2026
Price / Sales n/m no revenue reported
Price / Earnings n/m no net income reported
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 28, 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 Currency USD FYE December

Newest figures come from the 10-Q/A for Q2 FY2026, filed Aug 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SFRX SEC filings page.

This page shows SEAFARER EXPLORATION CORP (SFRX) financial statements, including the 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 SFRX FY2025

Seafarer operates like a development-stage business whose liability burden is widening as its asset base remains extremely thin.

From FY2024 to FY2025, total liabilities increased 19.4% while total assets declined 4.4%, pushing liabilities to 1343.0% of assets rather than showing balance-sheet expansion funded by accumulated resources. By FY2025, current assets were only $58K against $3.63M of current liabilities, indicating that nearly all reported obligations were short-term relative to the resources available.

FY2024 revenue was just $16K while research and development spending reached $490K, or 3006.6% of revenue. That gap indicates a development-led cost structure rather than an operation financed by recurring sales.

The balance sheet became more strained across the latest periods: current assets fell 95.8% from FY2023 to FY2024 while current liabilities rose 24.6%, and FY2025 still reported negative equity of -$3.43M against $3.70M of liabilities. The modest FY2025 recovery in current assets therefore did not alter the underlying solvency structure.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

SEAFARER EXPLORATION CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

EBITDA
-$504K
YoYn/m
QoQn/m

SEAFARER EXPLORATION CORP's EBITDA was -$504K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Net Income
-$397K
YoYn/m
QoQn/m

SEAFARER EXPLORATION CORP reported a net loss of $397K in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)
$0.00
YoYn/m
QoQn/m

SEAFARER EXPLORATION CORP earned $0.00 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Revenue

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$25K
YoY+680.6%
QoQ-16.4%
5Y CAGR-28.2%

SEAFARER EXPLORATION CORP held $25K in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
11.04B
YoY+16.0%
QoQ+1.9%
5Y CAGR+14.1%
10Y CAGR+19.1%

SEAFARER EXPLORATION CORP had 11.04B shares outstanding in Q2 2026. This represents an increase of 16.0% from the same quarter a year earlier. Against the prior quarter it is up 1.9%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

R&D Spending
$85K
YoY-37.0%
QoQ+2.2%

SEAFARER EXPLORATION CORP invested $85K in research and development in Q2 2026. This represents a decrease of 37.0% from the same quarter a year earlier. Against the prior quarter it is up 2.2%.

Share Buybacks

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

SFRX 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.

SFRX quarterly income statement
MetricQ2'2610-Q/AQ1'2610-Q/AQ4'2510-Q/AQ3'2510-QQ2'2510-Q/AQ1'2510-QQ4'2410-K/AQ3'2410-Q
RevenueN/AN/AN/AN/AN/A$0-100.0%N/A$7K
R&D Expenses$85K-37.0%$83K-46.1%N/A$184K+66.5%$135K-14.3%$154K+16.6%N/A$110K+25.8%
SG&A Expenses$93K-2.6%$101K+17.0%N/A$76K-24.8%$95K-11.0%$87K-24.9%N/A$101K+26.1%
Operating Income-$521Kn/m-$625Kn/mN/A-$644Kn/m-$604Kn/m-$656Kn/mN/A-$733Kn/m
EBITDA-$504Kn/m-$609Kn/mN/A-$624Kn/m-$584Kn/m-$636Kn/mN/A-$721Kn/m
Net Income-$397Kn/m-$894Kn/mN/A-$680Kn/m-$644Kn/m-$731Kn/mN/A-$769Kn/m
EPS (Basic)$0.00n/m$0.00n/mN/AN/A$0.00$0.00N/AN/A
EPS (Diluted)$0.00n/m$0.00n/mN/AN/A$0.00$0.00N/AN/A
Diluted Shares (Avg)10.90B+17.3%10.45B+15.6%N/AN/A9.30B9.04BN/AN/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense, Income Tax.

SFRX Balance Sheet

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.

SFRX quarterly balance sheet
MetricQ2'2610-Q/AQ1'2610-Q/AQ4'2510-Q/AQ3'2510-QQ2'2510-Q/AQ1'2510-QQ4'2410-K/AQ3'2410-Q
Total Assets$174K-22.1%$206K-21.7%$276K-4.4%$272K-60.7%$224K-73.2%$262K-65.4%$288K-68.7%$692K-11.3%
Current Assets$28K+139.0%$37K+46.7%$58K+117.9%$30K-93.4%$12K-98.0%$25K-94.9%$27K-95.8%$464K-3.8%
Cash & Equivalents$25K+680.6%$30K+27.6%$50K+113.0%$25K-93.9%$3K-99.3%$24K-95.1%$24K-96.1%$407K-15.4%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Total Liabilities$3.5M+7.4%$3.4M+8.4%$3.7M+19.4%$3.6M+19.5%$3.3M+9.2%$3.1M+12.5%$3.1M+21.9%$3.0M+40.1%
Current Liabilities$3.5M+8.3%$3.4M+9.2%$3.6M+19.9%$3.5M+19.8%$3.2M+10.5%$3.1M+14.2%$3.0M+24.6%$2.9M+44.6%
Non-Current Liabilities$34K-39.3%$43K-33.4%$72K+0.2%$84K+6.6%$57K-35.0%$64K-34.7%$71K-36.1%$79K-34.9%
Total Equity-$3.3Mn/m-$3.2Mn/m-$3.4Mn/m-$3.3Mn/m-$3.0Mn/m-$2.9Mn/m-$2.8Mn/m-$2.3Mn/m
Retained Earnings-$36.3Mn/m-$35.9Mn/m-$35.0Mn/m-$34.3Mn/m-$33.6Mn/m-$33.0Mn/m-$32.2Mn/m-$31.4Mn/m

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

SFRX Cash Flow 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.

SFRX quarterly cash flow statement
MetricQ2'2610-Q/AQ1'2610-Q/AQ4'2510-Q/AQ3'2510-QQ2'2510-Q/AQ1'2510-QQ4'2410-K/AQ3'2410-Q
Operating Cash Flow-$364Kn/m-$663Kn/m-$470Kn/m-$461Kn/m-$492Kn/m-$593Kn/m-$613Kn/m-$663Kn/m
Depreciation & Amortization$16K-17.6%$16K-17.6%$20K0.0%$20K+58.3%$20K+58.4%$20K+58.4%$20K+59.4%$13K-0.2%
Financing Cash Flow$306K-35.0%$643K+8.3%$495K+71.7%$482K-19.1%$471K-37.0%$593K-16.8%$289K-63.7%$596K-42.1%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.

SFRX 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.

SFRX quarterly financial ratios
MetricQ2'2610-Q/AQ1'2610-Q/AQ4'2510-Q/AQ3'2510-QQ2'2510-Q/AQ1'2510-QQ4'2410-K/AQ3'2410-Q
Operating MarginN/AN/AN/AN/AN/AN/AN/A-11089.3%
Net MarginN/AN/AN/AN/AN/AN/AN/A-11628.0%
Return on Assets-228.1%+59.9pp-435.0%-156.3ppN/A-250.2%-139.0pp-288.0%-170.5pp-278.7%-105.6ppN/A-111.2%-14.4pp
Current Ratio0.010.0x0.010.0x0.020.0x0.01-0.2x0.00-0.2x0.01-0.2x0.01-0.3x0.16-0.1x
Asset TurnoverN/AN/AN/AN/AN/A0.000.0xN/A0.01

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

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.

Note: Shareholder equity is negative (-$3.4M), which causes the debt-to-equity, liabilities-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 (0.02), 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
SEAFARER EXPLORATION CORP SFRX FY2025 N/A N/A N/A $36.4M —
WILHELMINA INTL INC WHLM FY2024 $17.6M $614K 3.5% $6.4M —
ADM ENDEAVORS INC ADMQ FY2025 $5.6M $486K 8.6% $5.9M —

Frequently Asked Questions

What are SEAFARER EXPLORATION CORP's total assets?

SEAFARER EXPLORATION CORP (SFRX) had $276K in total assets as of fiscal year 2025, including both current and long-term assets.

How much does SEAFARER EXPLORATION CORP spend on research and development?

SEAFARER EXPLORATION CORP (SFRX) invested $575K in research and development during fiscal year 2025.

How many shares does SEAFARER EXPLORATION CORP have outstanding?

SEAFARER EXPLORATION CORP (SFRX) had 10.37B shares outstanding as of fiscal year 2025.

SEAFARER EXPLORATION CORP (SFRX) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

SEAFARER EXPLORATION CORP (SFRX) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $36.4M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SEAFARER EXPLORATION CORP (SFRX) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $36.4M as of Oct 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

SEAFARER EXPLORATION CORP (SFRX) has negative shareholder equity of -$3.4M as of fiscal year 2025, so no debt-to-equity or liabilities-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.

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