United Maritime Corp
USEA Nasdaq· Water Transportation
Last close · Oct 26, 2026
$2.46
KIRA · Stoqly’s AI analyst, in plain words
- United Maritime Corp had $37.8M of revenue in fiscal 2025, down 16.8% on the year before.
- Its operating margin was −1.2%, down 11.8 pts: of every 100 in sales, about −1 is left after running the business.
- United Maritime Corp lost $6.2M in fiscal 2025.
- Free cash flow was $1.5M in fiscal 2025, 4.1% of revenue.
- United Maritime Corp returned $1.3M to shareholders in fiscal 2025, 86% of free cash flow. The diluted share count rose 1.8%.
- United Maritime Corp owes $33.7M more than it holds in cash, about 4.6 years of operating profit.
Market cap
$21.8M
P/E
—
Revenue
$37.8M
Net income
−$6.2M
Free cash flow
$1.5M
Operating margin
−1.2%
United Maritime Corp in 30 seconds · fiscal 2025
Are sales growing?
−16.8%
No. Sales fell 16.8% last year.
Does it make a profit?
−16.4%
No. It lost money last year.
Does profit turn into cash?
4.1%
Partly. 4.1% of sales ends up as free cash.
Is debt under control?
4.6x
Heavy. Repaying its debt would take 4.6 years of operating profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What United Maritime Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 8, 2026
- Legal name
- United Maritime Corp
- CIK
- 0001912847
United Maritime Corp · USEA
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $36.1M | $45.4M | $37.8M |
| Revenue growth | — | 26.0% | −16.8% |
| Operating margin | 19.6% | 10.6% | −1.2% |
| Net income | $0.2M | −$3.4M | −$6.2M |
| Net margin | 0.6% | −7.4% | −16.4% |
| Diluted EPS | $0.02 | −$0.39 | −$0.70 |
| Cash | |||
| Cash from operations | −$6.2M | $3.3M | $2.2M |
| Capital expenditure | $81.7M | $0.2M | $0.7M |
| Free cash flow | −$88.0M | $3.0M | $1.5M |
| FCF margin | −243.9% | 6.6% | 4.1% |
| Dividends paid | $9.4M | $2.6M | $1.1M |
| Share buybacks | $0.7M | $0.5M | $0.2M |
| Share count change | — | 4.2% | 1.8% |
| Debt and strength | |||
| Cash and short-term investments | $13.8M | $6.4M | $14.2M |
| Debt incl. finance leases | $64.5M | $78.8M | $47.9M |
| Shareholders' equity | $65.9M | $60.1M | $52.9M |
| Net debt / EBITDA | 3.1x | 5.0x | 4.6x |
| Current ratio | 0.4x | 0.7x | 0.7x |
| Interest coverage | 1.0x | 0.6x | −0.1x |
| Returns and quality | |||
| Return on capital | 4.8% | 2.9% | −0.4% |
| Return on equity | 0.3% | −5.4% | −11.0% |
| Return on tangible equity | 0.2% | −5.6% | −11.7% |
| Piotroski F-score | — | 4 | 4 |
| Altman Z'' | 0.1 | 0.8 | 0.2 |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
United Maritime Corp · USEA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.46 a share, the company is worth $21.8M.
Source: SEC EDGAR XBRL filings (CIK 0001912847). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.