OMEX Nasdaq Water Transportation Financials FY2016βFY2025
Odyssey Marine Exploration Inc had $0.4M of revenue in fiscal 2025, down 54.0% on the year before. Over five years, revenue changed β29.6% a year on average.
Last close Β· Oct 23, 2026
$0.55
1.7%Hi! I read Odyssey Marine Exploration Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β54.0%
No. Sales fell 54.0% last year.
Does it make a profit?
β12,181.3%
No. It lost money last year.
Does profit turn into cash?
β2,506.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Odyssey Marine Exploration Inc had $0.4M of revenue in fiscal 2025, down 54.0% on the year before. Over five years, revenue changed β29.6% a year on average. Its operating margin was β3,797.3%, down 2,235.6Β pts: of every 100 in sales, about β3,797 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Odyssey Marine Exploration Inc lost $43.1M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$8.9M in fiscal 2025, β2,506.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 30,000 | $3.56 | $0.1M | Form 4 |
| Oct 17, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 30,000 | $3.50 | $0.1M | Form 4 |
| Oct 16, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 30,000 | $3.87 | $0.1M | Form 4 |
| Oct 15, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 30,000 | $3.98 | $0.1M | Form 4 |
| Oct 14, 2025 | John D Longley JrPresident & COO | Sold plan | 217,072 | $3.72 | $0.8M | Form 4 |
| Oct 14, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 30,000 | $3.74 | $0.1M | Form 4 |
| Oct 13, 2025 | John D Longley JrPresident & COO | Sold plan | 38,977 | $3.50 | $0.1M | Form 4 |
| Oct 13, 2025 | Mark GordonChief Executive Officer, Director | Sold plan | 20,956 | $3.50 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Odyssey Marine Exploration Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $2.3M | $1.4M | $4.0M | $4.8M | $3.5M |
| Interest coverage | β1.4x | β7.8x | β2.1x | β1.8x | β2.7x |
| Current ratio | 0.1x | 0.1x | 0.2x | 0.3x | 0.4x |
| Quick ratio | 0.1x | 0.1x | 0.2x | 0.3x | 0.4x |
| Total assets | $8.9M | $13.9M | $22.8M | $18.5M | $15.8M |
| Total liabilities | $71.4M | $103M | $109M | $97.6M | $91.4M |
| Shareholders' equity | β$26.0M | β$44.5M | β$32.5M | β$16.2M | β$37.6M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Odyssey Marine Exploration Inc passes 2 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 1 / 8 | 3 / 7 | 1 / 7 | 3 / 7 | 2 / 7 | 2 / 7 | 3 / 7 | 5 / 7 | 2 / 7 |
| Accruals ratio | 39.1% | β47.4% | 30.3% | β92.5% | β65.9% | β43.8% | β104.2% | 84.7% | 72.8% | β199.4% |
| Altman Z'' | β191.59 | β346.34 | β195.68 | β228.23 | β107.34 | β148.62 | β97.85 | β53.46 | β59.90 | β75.75 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.7M | $1.2M | $3.3M | $3.1M | $2.0M | $0.9M | $0.2M | $0.0M | $0.8M | $0.4M |
| Operating income | β$10.6M | β$8.4M | β$6.1M | β$10.3M | β$12.6M | β$15.0M | β$17.9M | β$10.3M | β$12.0M | β$13.4M |
| Interest expense | $2.4M | $2.7M | $3.1M | $5.4M | $6.9M | $10.8M | $2.3M | $5.0M | $6.5M | $4.9M |
| Pretax income | β$9.1M | β$11.0M | β$9.1M | β$15.5M | β$21.1M | β$16.1M | β$29.8M | β$3.9M | $6.2M | β$48.5M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$6.3M | β$7.8M | β$5.2M | β$10.4M | β$14.8M | β$10.0M | β$22.1M | $5.3M | $15.7M | β$43.1M |
| Net income to common | β | β | β | β | β | β | β$22.1M | $5.3M | $15.7M | β$43.1M |
| Diluted EPS | β$0.84 | β$0.95 | β$0.60 | β$1.12 | β$1.41 | β$0.75 | β$1.28 | $0.27 | $0.07 | β$1.10 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B | 0.02B | 0.03B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | β$8.3M | β$5.9M | β$6.5M | β$5.4M | β$9.2M | β$5.4M | β$10.2M | β$10.2M | $0.6M | β$8.8M |
| Capital expenditure | $0.1M | β | $0.0M | $0.0M | $0.0M | $0.0M | $1.5M | $1.3M | $0.1M | $0.0M |
| Free cash flow | β$8.4M | β | β$6.5M | β$5.5M | β$9.2M | β$5.4M | β$11.7M | β$11.5M | $0.6M | β$8.9M |
| Depreciation and amortization | $1.1M | $0.8M | $0.5M | $0.1M | $0.0M | $0.0M | $0.1M | $0.2M | $0.1M | $0.1M |
| Stock-based compensation | $1.7M | $0.7M | $0.3M | $0.1M | $0.4M | $1.3M | $1.8M | $0.6M | $2.0M | $0.2M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.7M | $1.1M | $2.8M | $0.2M | $6.2M | $2.3M | $1.4M | $4.0M | $4.8M | $3.5M |
| Total debt | $4.3M | $3.0M | β | β | β | β | β | β | β | β |
| Current assets | $2.8M | $1.8M | $4.6M | $1.2M | $6.9M | $3.3M | $4.0M | $4.9M | $5.8M | $4.4M |
| Current liabilities | $27.2M | $33.3M | $42.0M | $51.2M | $53.9M | $52.6M | $41.8M | $31.5M | $22.5M | $11.7M |
| Property and equipment, net | $1.8M | $0.6M | $0.1M | $0.8M | $0.6M | $0.5M | $2.9M | $0.5M | $0.5M | $0.5M |
| Total assets | $5.1M | $3.0M | $5.5M | $5.3M | $11.8M | $8.9M | $13.9M | $22.8M | $18.5M | $15.8M |
| Total liabilities | $36.2M | $41.0M | $46.7M | $58.6M | $69.7M | $71.4M | $103M | $109M | $97.6M | $91.4M |
| Shareholders' equity | β$19.0M | β$22.6M | β$21.9M | β$29.3M | β$27.6M | β$26.0M | β$44.5M | β$32.5M | β$16.2M | β$37.6M |
| Margins | ||||||||||
| Operating margin | β225.3% | β669.4% | β185.2% | β336.7% | β619.9% | β1,623.0% | β9,708.1% | β111,157.0% | β1,561.7% | β3,797.3% |
| EBITDA margin | β202.6% | β608.4% | β171.4% | β332.9% | β619.4% | β1,622.1% | β9,660.0% | β108,544.1% | β1,551.4% | β3,776.1% |
| Net margin | β134.9% | β621.5% | β157.9% | β339.7% | β726.7% | β1,080.8% | β12,006.5% | 57,481.7% | 2,036.9% | β12,181.3% |
| FCF margin | β180.1% | β | β197.3% | β177.7% | β450.5% | β591.0% | β6,355.3% | β123,841.9% | 72.6% | β2,506.5% |
| Returns | ||||||||||
| Return on capital employed | 47.7% | 27.5% | 16.6% | 22.5% | 30.0% | 34.2% | 63.9% | 118.6% | 302.0% | β322.8% |
| Return on assets | β124.2% | β192.6% | β122.5% | β193.3% | β173.4% | β96.3% | β193.9% | 29.2% | 75.9% | β251.0% |
| Growth | ||||||||||
| Revenue growth | β | β73.3% | 162.4% | β6.2% | β33.7% | β54.8% | β80.0% | β94.9% | 8,165.6% | β54.0% |
| Net income growth | β | β | β | β | β | β | β | β | 192.9% | β375.2% |
| EPS growth | β | β | β | β | β | β | β | β | β74.1% | β1,671.4% |
| FCF growth | β | β | β | β | β | β | β | β | β | β1,689.1% |
| Share count change | β | 8.5% | 4.6% | 8.9% | 12.8% | 26.2% | 30.2% | 16.2% | 41.0% | 38.3% |
| Financial health | ||||||||||
| Interest coverage | β4.4x | β3.1x | β1.9x | β1.9x | β1.8x | β1.4x | β7.8x | β2.1x | β1.8x | β2.7x |
| Current ratio | 0.1x | 0.1x | 0.1x | 0.0x | 0.1x | 0.1x | 0.1x | 0.2x | 0.3x | 0.4x |
| Quick ratio | 0.1x | 0.1x | 0.1x | 0.0x | 0.1x | 0.1x | 0.1x | 0.2x | 0.3x | 0.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.8% | β | 0.3% | 0.5% | 0.0% | 2.1% | 803.4% | 14,482.8% | 11.0% | 4.6% |
| Stock comp / revenue | 35.5% | 58.1% | 8.5% | 1.8% | 20.6% | 135.8% | 985.1% | 6,297.8% | 261.7% | 62.8% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 1.0 | 3.0 | 1.0 | 3.0 | 2.0 | 2.0 | 3.0 | 5.0 | 2.0 |
| Altman Z'' | β191.6 | β346.3 | β195.7 | β228.2 | β107.3 | β148.6 | β97.9 | β53.5 | β59.9 | β75.7 |
| Accruals ratio | 39.1% | β47.4% | 30.3% | β92.5% | β65.9% | β43.8% | β104.2% | 84.7% | 72.8% | β199.4% |
Source: SEC EDGAR XBRL filings (CIK 0000798528). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
