United Maritime (USEA) Balance Sheet: Assets & Liabilities

United Maritime (USEA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), United Maritime reported total assets of $138.68M and total liabilities of $82.22M. Shareholders' equity was $56.47M, down 6.0% from $60.09M a year earlier. Total debt stood at $47.90M against $14.16M in cash and short-term investments, a net debt position of $33.74M. That puts debt-to-equity at 0.85, compared with 1.31 a year earlier.

United Maritime 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 United Maritime Corporation (USEA) - 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
Current Assets
Cash and Cash Equivalents	14.16	6.41	13.80	54.73	0.77	0.41	0.00
Cash & Short-Term Investments	14.16	6.41	13.80	54.73	0.77	0.41	0.00
Accounts Receivable	1.42	1.44	0.25	0.78	0.07	0.00	0.00
Inventory	0.36	0.65	0.66	0.11	0.10	0.05	0.00
Other Current Assets	16.36	15.98	3.69	4.20	0.06	0.05	0.00
Total Current Assets	33.09	24.48	19.09	59.81	0.99	0.51	0.00
Non-Current Assets
Property, Plant & Equipment (Net)	85.14	138.15	152.53	50.20	12.28	13.04	0.00
Long-Term Investments	17.41	3.59	0.70	155.55	0.00	0.00	0.00
Other Non-Current Assets	3.04	5.85	0.70	-139.91	0.16	0.40	0.00
Total Non-Current Assets	105.59	147.59	155.72	65.84	12.44	13.44	0.00
Total Assets	138.68	172.07	174.81	125.66	13.43	13.94	0.00
Current Liabilities
Accounts Payable	11.89	9.09	3.31	3.02	0.27	0.12	0.00
Short-Term Debt	14.33	17.65	8.69	7.47	1.18	0.70	0.00
Current Portion of Long-Term Debt	14.33	17.65	8.69	7.47	1.18	0.70	-
Accrued Liabilities	4.08	2.68	8.05	5.50	0.31	0.21	-
Deferred Revenue	0.59	1.40	0.53	1.03	0.33	0.12	0.00
Other Current Liabilities	0.82	0.66	0.65	13.70	0.31	0.21	0.00
Total Current Liabilities	48.64	33.52	53.09	25.22	2.08	1.15	0.00
Non-Current Liabilities
Long-Term Debt	33.57	61.10	55.84	35.13	4.20	5.38	0.00
Other Non-Current Liabilities	17.38	0.43	0.00	0.74	0.10	0.10	0.00
Total Non-Current Liabilities	33.57	78.47	55.84	35.87	4.31	5.48	0.00
Total Liabilities	82.22	111.99	108.94	61.09	6.39	6.63	0.00
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	7.87	10.31	0.00
Retained Earnings	13.45	20.92	26.95	29.37	-0.83	-3.00	0.00
Accumulated Other Comprehensive Income	0.01	0.00	0.00	-	0.00	0.00	0.00
Additional Paid-in Capital	39.46	39.18	38.92	35.19	0.00	0.00	0.00
Minority Interest	3.55	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	9.08	8.84	8.69	8.18	1.51	-	-
Total Stockholders' Equity	56.47	60.09	65.87	64.57	7.04	7.31	0.00
Total Liabilities & Equity	138.68	172.07	174.81	125.66	13.43	13.94	0.00

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 Balance Sheet

How much debt does United Maritime have?

United Maritime had total debt of $47.90M as of Dec 31, 2025, against $14.16M in cash and short-term investments. Its debt-to-equity ratio was 0.85. Total debt was $78.75M a year earlier.

What are United Maritime's total assets?

United Maritime reported total assets of $138.68M as of Dec 31, 2025, down 19.4% from $172.07M a year earlier. Total liabilities were $82.22M.

What is United Maritime's shareholders' equity?

United Maritime's shareholders' equity was $56.47M as of Dec 31, 2025, or about $6.22 of book value per share.

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