United Maritime (USEA) Financial Statements & Analysis

United Maritime (USEA) Income Statement

United Maritime reported revenue of $37.78M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 16.8% from $45.44M a year earlier. United Maritime posted a net loss of $6.19M, compared with a net loss of $3.38M a year earlier. Gross margin was 16.5% and operating margin -0.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $9.99M, down 19.9% from the same quarter a year earlier.

United Maritime Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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United Maritime Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	37.79	45.44	36.07	24.86	7.40	4.12	6.88
Cost of Revenue	31.54	34.95	23.73	11.37	3.52	2.42	5.64
Gross Profit	6.25	10.49	12.62	12.36	3.87	1.70	1.24
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	4.31	4.01	7.98	6.60	0.61	0.64	0.31
Operating Expenses	6.33	6.27	29.15	44.05	0.96	1.40	0.65
Operating Income	-0.09	4.22	7.08	40.50	2.92	0.30	0.45
Other Income/Expense
Interest Income	0.22	0.31	0.43	0.04	0.00	0.01	0.01
Interest Expense	5.82	7.42	-7.12	-2.61	0.74	-0.69	0.72
Other Income/Expense	0.08	0.50	-6.86	-3.01	-0.74	-0.02	-0.87
Income
Income Before Tax	-6.21	-3.38	0.22	40.90	2.17	1.09	-0.28
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.72
Net Income	-6.19	-3.38	0.13	35.09	2.17	1.09	-1.00
Net Income - Continuous Operations	-6.21	-3.38	0.22	37.49	2.17	1.09	-1.00
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	7.43	13.75	4.35	7.06	3.55	1.06	1.35
EBIT	-0.39	4.03	-4.73	4.81	2.79	0.30	-
Depreciation & Amortization	7.82	9.71	7.10	2.25	0.76	0.76	0.76
Earnings Per Share
Basic EPS	-1.00	-	-	8.00	1.00	-	-
Diluted EPS	-1.00	-	-	4.00	1.00	-	-
Basic Shares Outstanding	8.87	8.71	8.36	4.50	12.31	12.31	12.31
Diluted Shares Outstanding	8.87	8.79	8.36	7.30	12.31	12.31	12.31

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

Frequently Asked Questions About United Maritime Financial Statements

What was United Maritime's revenue in fiscal 2025?

United Maritime reported revenue of $37.78M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 16.8% from $45.44M a year earlier.

Is United Maritime profitable?

No. United Maritime reported a net loss of $6.19M in fiscal 2025. In fiscal 2024 it lost $3.38M.

What is United Maritime's operating margin?

United Maritime's operating income was −$86.00K on revenue of $37.78M in fiscal 2025, an operating margin of -0.2%, compared with 9.3% 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