Odyssey Marine Exploration (OMEX) Financial Statements & Analysis

Odyssey Marine Exploration (OMEX) Income Statement

Odyssey Marine Exploration reported revenue of $353.72K in fiscal 2025 (fiscal year ended Dec 31, 2025), down 54.0% from $768.68K a year earlier. Odyssey Marine Exploration posted a net loss of $43.09M, compared with net income of $15.66M a year earlier. Gross margin was 100.0% and operating margin -3797.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $77.86K, down 42.3% from the same quarter a year earlier.

Odyssey Marine Exploration Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Odyssey Marine Exploration, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	0.35	0.77	0.77	0.80	1.33	0.92	0.92	2.04	2.04	3.07	3.28	1.25
Cost of Revenue	2.81	3.10	3.10	4.30	9.76	9.55	9.55	10.92	10.92	7.93	3.69	3.44
Gross Profit	0.35	-2.34	0.77	0.80	-8.43	-8.63	0.92	-8.89	-8.89	-4.85	-0.41	-2.19
Operating Expenses
Research & Development	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	0.00	3.69	3.44
Selling, General & Administrative	10.98	9.67	9.67	6.84	9.43	6.32	6.32	3.75	3.75	5.49	5.65	6.17
Operating Expenses	13.78	9.67	12.77	11.14	9.43	6.32	15.87	3.75	3.75	5.49	5.65	6.17
Operating Income	-13.43	-12.00	-12.00	-10.34	-17.85	-14.95	-14.95	-12.64	-12.64	-10.35	-6.07	-8.36
Other Income/Expense
Interest Income	0.12	0.17	0.17	0.41	0.10	0.00	0.00	0.01	0.01	0.00	0.06	0.00
Interest Expense	4.94	6.52	-6.52	-5.04	2.30	10.83	-10.83	6.92	-6.92	5.36	3.14	2.73
Other Income/Expense	-35.04	18.25	18.25	6.45	-11.97	-1.18	-1.18	-8.46	-0.77	-5.15	-3.04	-2.66
Income
Income Before Tax	-48.47	6.25	6.25	-3.88	-29.82	-16.13	-16.13	-21.09	-21.09	-15.50	-9.10	-11.02
Income Tax Expense	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00
Net Income	-43.09	15.66	15.66	5.35	-22.08	-9.96	-26.08	-14.81	-14.81	-10.44	-5.17	-7.76
Net Income - Continuous Operations	-43.09	15.66	6.25	5.35	-22.08	-9.96	-16.13	-14.81	-	-10.44	-5.17	-7.76
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-13.36	12.97	-11.93	-10.09	-27.27	-5.14	-14.94	-14.03	-12.63	-9.97	-5.51	-7.53
EBIT	-13.43	-	-12.00	-10.34	-17.85	-	-14.95	-	-12.64	-	-	-
Depreciation & Amortization	0.08	0.20	0.08	0.24	0.25	0.15	0.01	0.14	0.01	0.17	0.45	0.76
Earnings Per Share
Basic EPS	-1.00	1.00	1.00	-	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00
Diluted EPS	-1.00	-	-	-	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00
Basic Shares Outstanding	39.25	20.98	20.98	19.94	17.31	13.30	13.30	10.54	10.54	9.35	8.58	8.21
Diluted Shares Outstanding	39.25	28.38	28.38	20.12	17.31	13.30	13.30	10.54	10.54	9.35	8.58	8.21

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Odyssey Marine Exploration Financial Statements

What was Odyssey Marine Exploration's revenue in fiscal 2025?

Odyssey Marine Exploration reported revenue of $353.72K in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 54.0% from $768.68K a year earlier.

Is Odyssey Marine Exploration profitable?

No. Odyssey Marine Exploration reported a net loss of $43.09M in fiscal 2025. In fiscal 2024 it earned $15.66M.

What is Odyssey Marine Exploration's operating margin?

Odyssey Marine Exploration's operating income was −$13.43M on revenue of $353.72K in fiscal 2025, an operating margin of -3797.1%, compared with -1561.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition