SEAFARER EXPLORATION CORP (SFRX) Financials
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 Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
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).
Obligation-led financing is expanding as assets and liquidity remain thin, leaving internal cash generation unable to support the balance sheet.
From FY2023 to FY2025, negative equity widened from-$1.62M to-$3.43M as liabilities increased and assets declined. The combination indicates balance-sheet deterioration without asset growth: obligations expanded against a shrinking resource base, rather than being matched by investment in assets.
The current ratio remained below 0.3x in every reported year and fell below 0.1x in FY2025, so current assets provide little measured coverage for near-term obligations. This is a working-capital constraint, distinct from the separate question of long-term debt, which is not reported here.
In FY2023, operations produced operating cash flow of
Financial Health Signals
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
Earnings & Revenue
SEAFARER EXPLORATION CORP's EBITDA was -$504K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.7% from the same quarter a year earlier. Against the prior quarter it is up 17.1%.
SEAFARER EXPLORATION CORP reported -$397K in net income in Q2 2026. This represents an increase of 38.3% from the same quarter a year earlier. Against the prior quarter it is up 55.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
SEAFARER EXPLORATION CORP held $25K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
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%.
Not reported for Q2 2026.
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.
| Metric | Q2'2610-Q/A | Q1'2610-Q/A | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/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 | -$521K+13.8% | -$625K+4.7% | N/A | -$644K+12.3% | -$604K+26.6% | -$656K+40.3% | N/A | -$733K-0.1% |
| EBITDA | -$504K+13.7% | -$609K+4.3% | N/A | -$624K+13.5% | -$584K+27.9% | -$636K+41.4% | N/A | -$721K-0.1% |
| Interest Expense | -$37K-7.2% | -$40K+7.7% | N/A | -$37K-1.2% | -$34K+72.3% | -$43K+27.1% | N/A | -$36K-278.2% |
| Net Income | -$397K+38.3% | -$894K-22.3% | N/A | -$680K+11.6% | -$644K+34.3% | -$731K+44.3% | N/A | -$769K-1.9% |
| EPS (Basic) | $0.00 | $0.00 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
| EPS (Diluted) | $0.00 | $0.00 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
| Diluted Shares (Avg) | 10.90B+17.3% | 10.45B+15.6% | N/A | N/A | 9.30B | 9.04B | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, 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.
| Metric | Q2'2610-Q/A | Q1'2610-Q/A | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K/A | Q3'2410-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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$3.3M-9.6% | -$3.2M-11.1% | -$3.4M-21.9% | -$3.3M-43.5% | -$3.0M-40.9% | -$2.9M-52.2% | -$2.8M-73.3% | -$2.3M-81.0% |
| Retained Earnings | -$36.3M-7.9% | -$35.9M-8.8% | -$35.0M-8.5% | -$34.3M-9.2% | -$33.6M-9.7% | -$33.0M-11.2% | -$32.2M-13.7% | -$31.4M-14.1% |
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.
| Metric | Q2'2610-Q/A | Q1'2610-Q/A | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$364K+26.0% | -$663K-11.7% | -$470K+23.4% | -$461K+30.5% | -$492K+35.2% | -$593K+28.9% | -$613K+8.7% | -$663K-9.5% |
| 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.
| Metric | Q2'2610-Q/A | Q1'2610-Q/A | Q4'2510-Q/A | Q3'2510-Q | Q2'2510-Q/A | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -11089.3% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -11628.0% |
| Return on Assets | -228.1%+59.9pp | -435.0%-156.3pp | N/A | -250.2%-139.1pp | -288.0%-170.5pp | -278.7%-105.6pp | N/A | -111.2%-14.4pp |
| Current Ratio | 0.010.0x | 0.010.0x | 0.020.0x | 0.01-0.2x | 0.00-0.2x | 0.01-0.2x | 0.01-0.3x | 0.16-0.1x |
| Asset Turnover | N/A | N/A | N/A | N/A | N/A | 0.000.0x | N/A | 0.01 |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-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 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 (0.02), 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 | $19.2M | — |
| CARO HOLDINGS INC CAHO | FY2026 | $11K | -$408K | N/A | $23.7M | — |
| WILHELMINA INTL INC WHLM | FY2024 | $17.6M | $614K | 3.5% | $18.8M | — |
| ADM ENDEAVORS INC ADMQ | FY2025 | $5.6M | $486K | 8.6% | $6.8M | — |
| ELVICTOR GROUP INC ELVG | FY2025 | $2.4M | -$176K | -7.2% | $5.3M | — |
Where SEAFARER EXPLORATION CORP Ranks
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.
What is SEAFARER EXPLORATION CORP's current ratio?
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.
What is SEAFARER EXPLORATION CORP's P/E ratio?
SEAFARER EXPLORATION CORP (SFRX) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $19.2M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is SEAFARER EXPLORATION CORP's price-to-sales ratio?
SEAFARER EXPLORATION CORP (SFRX) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $19.2M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is SEAFARER EXPLORATION CORP's debt-to-equity ratio negative or not reported?
SEAFARER EXPLORATION CORP (SFRX) has negative shareholder equity of -$3.4M 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.