What is United Maritime Corporation's earnings per share (EPS)?

United Maritime Corporation (USEA) reported diluted earnings per share of $-0.70 for fiscal year 2025. This represents a -79.5% 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.

United Maritime Corporation Financials

USEA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows United Maritime Corporation (USEA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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 USEA FY2025 2026-04-22

Positive free cash flow reflects retrenchment and balance-sheet cash movements more than durable operating strength, while interest costs still dominate earnings.

The shift to positive free cash flow alongside continued net losses was driven mainly by capital spending collapsing from $81.7M to under $1M, not by a stronger operating engine. Most recently, a $40.4M investing inflow was largely matched by a $34.8M financing outflow, showing cash generation came from repositioning the balance sheet as much as from operations.

Interest coverage has eroded: operating income slipped below zero while interest expense still ran $4.9M, and the year before interest of $8.4M already exceeded operating profit. That means even when the business is roughly cash neutral, lenders are taking a heavy share before shareholders see earnings, which makes EBITDA look healthier than the after-interest reality.

Deleveraging improved solvency as long-term debt fell to $33.6M and total liabilities to $82.2M. But liquidity remains strained because current liabilities still exceed current assets, so the company looks less burdened by long-term debt than by the timing of near-term obligations and day-to-day working-capital needs.

Financial Health Signals

Financial Profile 29/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of United Maritime Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

United Maritime Corporation has an operating margin of -1.2%, meaning the company retains $-1 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is down from 10.6% the prior year.

Growth

United Maritime Corporation's revenue declined 16.8% year-over-year, from $45.4M to $37.8M. This contraction results in a growth score of 37/100.

Leverage

United Maritime Corporation carries a low D/E ratio of 0.63, meaning only $0.63 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

United Maritime Corporation's current ratio of 0.68 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

United Maritime Corporation's free cash flow margin of 4.1% results in a low score of 0/100. Capital expenditures of $668K absorb a large share of operating cash flow.

Returns

United Maritime Corporation generates a -11.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -5.6% the prior year.

Piotroski F-Score Neutral

4/9

United Maritime Corporation passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-0.36x

For every $1 of reported earnings, United Maritime Corporation generates $-0.36 in operating cash flow ($2.2M OCF vs -$6.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.1x

United Maritime Corporation earns $-0.1 in operating income for every $1 of interest expense (-$455K vs $4.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$37.8M

YoY-16.8%

United Maritime Corporation generated $37.8M in revenue in fiscal year 2025. This represents a decrease of 16.8% from the prior year.

EBITDA

$7.4M

YoY-49.3%

United Maritime Corporation's EBITDA was $7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.3% from the prior year.

Net Income

-$6.2M

YoY-82.9%

United Maritime Corporation reported -$6.2M in net income in fiscal year 2025. This represents a decrease of 82.9% from the prior year.

EPS (Diluted)

$-0.70

YoY-79.5%

United Maritime Corporation earned $-0.70 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 79.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.5M

YoY-48.8%

United Maritime Corporation generated $1.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 48.8% from the prior year.

Cash & Debt

$14.2M

YoY+120.9%

United Maritime Corporation held $14.2M in cash against $33.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+2.7%

United Maritime Corporation had 9M shares outstanding in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-1.2%

YoY-11.8pp

United Maritime Corporation's operating margin was -1.2% in fiscal year 2025, reflecting core business profitability. This is down 11.8 percentage points from the prior year.

Net Margin

-16.4%

YoY-8.9pp

United Maritime Corporation's net profit margin was -16.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.9 percentage points from the prior year.

Return on Equity

-11.7%

YoY-6.1pp

United Maritime Corporation's ROE was -11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$204K

YoY-56.5%

United Maritime Corporation spent $204K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 56.5% from the prior year.

Capital Expenditures

$668K

YoY+168.3%

United Maritime Corporation invested $668K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 168.3% from the prior year.

USEA Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$37.8M-16.8%	$45.4M+26.0%	$36.1M+58.3%	$22.8M
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$4.3M+7.4%	$4.0M-33.4%	$6.0M+8.9%	$5.5M
Operating Income	-$455K-109.4%	$4.8M-31.9%	$7.1M-82.5%	$40.5M
Interest Expense	$4.9M-41.9%	$8.4M+17.2%	$7.2M+192.9%	$2.5M
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$6.2M-82.9%	-$3.4M-1630.8%	$221K-99.4%	$37.5M
EPS (Diluted)	$-0.70-79.5%	$-0.39-2050.0%	$0.02-99.6%	$4.92

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

USEA Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$138.7M-19.4%	$172.1M-1.6%	$174.8M+39.1%	$125.7M
Current Assets	$33.1M+35.2%	$24.5M+28.3%	$19.1M-68.1%	$59.8M
Cash & Equivalents	$14.2M+120.9%	$6.4M-53.5%	$13.8M-74.8%	$54.7M
Inventory	$363K-44.2%	$650K-2.1%	$664K+520.6%	$107K
Accounts Receivable	$1.4M-1.1%	$1.4M+470.2%	$252K-67.7%	$779K
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$82.2M-26.6%	$112.0M+2.8%	$108.9M+78.3%	$61.1M
Current Liabilities	$48.6M+45.1%	$33.5M-36.9%	$53.1M+110.6%	$25.2M
Long-Term Debt	$33.6M-45.1%	$61.1M+9.4%	$55.8M+58.9%	$35.1M
Total Equity	$52.9M-11.9%	$60.1M-8.8%	$65.9M+2.0%	$64.6M
Retained Earnings	$13.5M-35.7%	$20.9M-22.4%	$27.0M-8.2%	$29.4M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Total Assets	$138.7M-3.8%	$144.2M-10.5%	$161.1M-6.4%	$172.1M	N/A	$171.4M-1.9%	$174.8M+13.8%	$153.6M
Current Assets	$33.1M+34.4%	$24.6M+1.6%	$24.2M-1.0%	$24.5M	N/A	$30.4M+59.3%	$19.1M-44.4%	$34.3M
Cash & Equivalents	$14.2M-28.2%	$19.7M+547.0%	$3.0M-52.5%	$6.4M-43.8%	$11.4M+62.2%	$7.0M-49.0%	$13.8M+109.7%	$6.6M
Inventory	$363K-8.1%	$395K-68.5%	$1.3M+92.8%	$650K	N/A	$610K-8.1%	$664K-49.4%	$1.3M
Accounts Receivable	$1.4M-46.4%	$2.7M+104.2%	$1.3M-9.6%	$1.4M	N/A	$1.5M+490.9%	$252K-54.3%	$551K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$82.2M-1.1%	$83.1M-17.5%	$100.8M-10.0%	$112.0M	N/A	$107.2M-1.6%	$108.9M+15.4%	$94.4M
Current Liabilities	$48.6M+21.5%	$40.0M-19.6%	$49.8M+48.5%	$33.5M	N/A	$65.0M+22.4%	$53.1M-12.3%	$60.5M
Long-Term Debt	$33.6M-22.1%	$43.1M-14.7%	$50.5M-17.3%	$61.1M	N/A	$42.2M-24.4%	$55.8M+161.2%	$21.4M
Total Equity	$52.9M-8.1%	$57.5M+1.5%	$56.7M-5.6%	$60.1M-3.8%	$62.5M-2.7%	$64.2M-2.5%	$65.9M+11.3%	$59.2M
Retained Earnings	$13.5M-25.5%	$18.0M+4.7%	$17.2M-17.6%	$20.9M	N/A	$25.0M-7.4%	$27.0M+33.9%	$20.1M

USEA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$2.2M-32.2%	$3.3M+152.4%	-$6.2M-179.1%	$7.9M
Capital Expenditures	$668K+168.3%	$249K-99.7%	$81.7M+1.1%	$80.8M
Free Cash Flow	$1.5M-48.8%	$3.0M+103.4%	-$88.0M-20.6%	-$73.0M
Investing Cash Flow	$40.4M+408.6%	$7.9M+113.4%	-$59.1M-1011.5%	$6.5M
Financing Cash Flow	-$34.8M-83.8%	-$19.0M-290.8%	$9.9M-82.1%	$55.6M
Dividends Paid	$1.1M-57.7%	$2.6M-71.8%	$9.4M	N/A
Share Buybacks	$204K-56.5%	$469K-30.3%	$673K-88.8%	$6.0M

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Operating Cash Flow	$2.3M+608.1%	-$444K	N/A	-$3.1M-281.5%	$1.7M	N/A	N/A	N/A
Capital Expenditures	$70K+312.1%	-$33K	N/A	$160K+95.1%	$82K	N/A	N/A	N/A
Free Cash Flow	$2.2M+558.3%	-$477K	N/A	-$3.2M-300.8%	$1.6M	N/A	N/A	N/A
Investing Cash Flow	-$5.3M-115.4%	$34.5M	N/A	-$1.7M-112.8%	$13.4M	N/A	N/A	N/A
Financing Cash Flow	-$2.5M+85.6%	-$17.4M	N/A	$123K+101.1%	-$11.4M	N/A	N/A	N/A
Dividends Paid	$276K	N/A	N/A	$664K	N/A	N/A	N/A	N/A
Share Buybacks	$97K-9.3%	$107K	N/A	$0-100.0%	$426K	N/A	N/A	N/A

USEA Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	-1.2%-11.8pp	10.6%-9.0pp	19.6%-158.1pp	177.8%
Net Margin	-16.4%-8.9pp	-7.4%-8.1pp	0.6%-163.9pp	164.5%
Return on Equity	-11.7%-6.1pp	-5.6%-6.0pp	0.3%-57.7pp	58.1%
Return on Assets	-4.5%-2.5pp	-2.0%-2.1pp	0.1%-29.7pp	29.8%
Current Ratio	0.68-0.1	0.73+0.4	0.36-2.0	2.37
Debt-to-Equity	0.63-0.4	1.02+0.2	0.85+0.3	0.54
FCF Margin	4.1%-2.6pp	6.6%+250.6pp	-243.9%+76.3pp	-320.2%

Metric	Q4'25	Q3'25	Q2'25	Q4'24	Q3'24	Q2'24	Q4'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.68+0.1	0.62+0.1	0.49-0.2	0.73	N/A	0.47+0.1	0.36-0.2	0.57
Debt-to-Equity	0.63-0.1	0.75-0.1	0.89-0.1	1.02	N/A	0.66-0.2	0.85+0.5	0.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.68), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is United Maritime Corporation's annual revenue?

United Maritime Corporation (USEA) reported $37.8M in total revenue for fiscal year 2025. This represents a -16.8% 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 United Maritime Corporation's revenue growing?

United Maritime Corporation (USEA) revenue declined by 16.8% year-over-year, from $45.4M to $37.8M in fiscal year 2025.

Is United Maritime Corporation profitable?

No, United Maritime Corporation (USEA) reported a net income of -$6.2M in fiscal year 2025, with a net profit margin of -16.4%.

What is United Maritime Corporation's EBITDA?

United Maritime Corporation (USEA) had EBITDA of $7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does United Maritime Corporation have?

As of fiscal year 2025, United Maritime Corporation (USEA) had $14.2M in cash and equivalents against $33.6M in long-term debt.

What is United Maritime Corporation's operating margin?

United Maritime Corporation (USEA) had an operating margin of -1.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is United Maritime Corporation's net profit margin?

United Maritime Corporation (USEA) had a net profit margin of -16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is United Maritime Corporation's return on equity (ROE)?

United Maritime Corporation (USEA) has a return on equity of -11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is United Maritime Corporation's free cash flow?

United Maritime Corporation (USEA) generated $1.5M in free cash flow during fiscal year 2025. This represents a -48.8% 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 United Maritime Corporation's operating cash flow?

United Maritime Corporation (USEA) generated $2.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are United Maritime Corporation's total assets?

United Maritime Corporation (USEA) had $138.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are United Maritime Corporation's capital expenditures?

United Maritime Corporation (USEA) invested $668K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does United Maritime Corporation buy back shares?

Yes, United Maritime Corporation (USEA) spent $204K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does United Maritime Corporation have outstanding?

United Maritime Corporation (USEA) had 9M shares outstanding as of fiscal year 2025.

What is United Maritime Corporation's current ratio?

United Maritime Corporation (USEA) had a current ratio of 0.68 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is United Maritime Corporation's debt-to-equity ratio?

United Maritime Corporation (USEA) had a debt-to-equity ratio of 0.63 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is United Maritime Corporation's return on assets (ROA)?

United Maritime Corporation (USEA) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is United Maritime Corporation's Piotroski F-Score?

United Maritime Corporation (USEA) has a Piotroski F-Score of 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are United Maritime Corporation's earnings high quality?

United Maritime Corporation (USEA) has an earnings quality ratio of -0.36x, considered mixed quality. 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 United Maritime Corporation cover its interest payments?

United Maritime Corporation (USEA) has an interest coverage ratio of -0.1x, 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.

How financially healthy is United Maritime Corporation?

United Maritime Corporation (USEA) scores 29 out of 100 on our Financial Profile, indicating weak 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. Learn more in our complete guide to financial health indicators.