Odyssey Marine Exploration (OMEX) Balance Sheet: Assets & Liabilities

Odyssey Marine Exploration (OMEX) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Odyssey Marine Exploration reported total assets of $15.84M and total liabilities of $91.38M. Shareholders' equity was negative at −$37.65M, meaning liabilities exceed assets. Total debt stood at $5.00M against $3.52M in cash and short-term investments, a net debt position of $1.48M.

Odyssey Marine Exploration Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Odyssey Marine Exploration, Inc. (OMEX) - 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
Current Assets
Cash and Cash Equivalents	3.52	4.79	4.79	4.02	1.44	2.27	2.27	6.16	6.16	0.21	2.79	1.11
Cash & Short-Term Investments	3.52	4.79	4.79	4.02	1.44	2.27	2.27	6.16	6.16	0.21	2.79	1.11
Accounts Receivable	0.07	0.29	0.29	0.05	1.58	0.27	0.27	0.16	0.16	0.38	0.79	0.23
Inventory	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.48
Other Current Assets	0.77	0.68	0.08	0.81	0.95	0.78	0.78	0.59	0.58	0.63	1.03	0.51
Total Current Assets	4.36	5.76	5.76	4.88	3.98	3.32	3.32	6.91	6.91	1.22	4.60	1.85
Non-Current Assets
Property, Plant & Equipment (Net)	0.47	0.53	0.53	0.65	3.18	0.48	0.94	0.61	0.61	0.76	0.12	0.59
Long-Term Investments	8.82	10.34	9.89	15.38	3.90	3.25	3.25	2.37	2.37	1.50	0.75	0.00
Intangible Assets	1.82	1.82	1.82	1.82	1.82	1.82	1.82	1.82	1.82	1.82	0.00	0.00
Other Non-Current Assets	0.37	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.03	0.00	0.53
Total Non-Current Assets	11.48	12.73	12.73	17.88	9.90	5.59	5.59	4.85	-	4.10	0.87	1.13
Total Assets	15.84	18.49	18.49	22.75	13.87	8.91	8.91	11.76	11.76	5.33	5.47	2.97
Current Liabilities
Accounts Payable	0.77	0.75	0.75	0.35	2.29	1.82	1.82	1.46	1.46	6.24	2.77	2.40
Short-Term Debt	1.06	13.08	13.08	15.54	21.73	23.57	22.30	31.25	27.28	31.57	29.45	24.36
Current Portion of Long-Term Debt	1.06	-	13.08	15.41	21.73	-	23.41	-	27.28	-	-	-
Accrued Liabilities	8.79	-	8.63	8.49	17.26	-	27.22	-	20.72	-	-	-
Other Current Liabilities	9.85	8.63	0.45	15.58	0.66	27.22	0.45	21.17	0.45	13.42	9.80	6.55
Total Current Liabilities	11.68	22.47	22.47	31.47	41.82	52.61	52.61	53.88	53.88	51.23	42.03	33.31
Non-Current Liabilities
Long-Term Debt	3.93	9.85	9.85	7.90	0.66	18.79	18.47	11.97	11.49	3.58	0.00	3.00
Deferred Tax Liabilities	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	0.00	0.00	-4.64
Other Non-Current Liabilities	75.77	65.26	56.95	69.29	45.37	0.00	-	3.82	-	3.82	0.00	0.00
Total Non-Current Liabilities	79.71	75.11	75.11	77.19	60.73	18.79	18.79	15.79	-	7.40	4.64	7.64
Total Liabilities	91.38	97.58	97.58	108.66	102.55	71.40	71.40	69.67	69.67	58.63	46.67	40.96
Stockholders' Equity
Common Stock	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-323.52	-280.44	-280.44	-296.10	-301.44	-275.09	-275.09	-265.13	-265.13	-250.32	-239.88	-234.71
Additional Paid-in Capital	285.87	264.19	264.19	263.62	256.96	249.06	249.06	237.51	-	221.03	217.99	212.10
Minority Interest	-37.90	-62.84	-62.84	-53.43	-44.20	-36.45	-36.45	-30.28	-	-24.00	-19.31	-15.38
Shares Outstanding	58.37	-	28.83	20.42	19.54	-	14.31	-	-	-	-	-
Total Stockholders' Equity	-37.65	-16.24	-16.24	-32.48	-44.48	-26.03	-62.49	-27.63	-57.91	-29.29	-21.89	-22.61
Total Liabilities & Equity	15.84	18.49	18.49	22.75	13.87	8.91	8.91	11.76	-	5.33	5.47	2.97

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 Balance Sheet

How much debt does Odyssey Marine Exploration have?

Odyssey Marine Exploration had total debt of $5.00M as of Dec 31, 2025, against $3.52M in cash and short-term investments. Total debt was $22.94M a year earlier.

What are Odyssey Marine Exploration's total assets?

Odyssey Marine Exploration reported total assets of $15.84M as of Dec 31, 2025, down 14.3% from $18.49M a year earlier. Total liabilities were $91.38M.

What is Odyssey Marine Exploration's shareholders' equity?

Odyssey Marine Exploration's shareholders' equity was negative at −$37.65M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition