OMEX

MKT CAP:$29M

Odyssey Marine Exploration, Inc.

Market Cap

$29M

Industrials·Specialty Business Services·🇺🇸 United States·NASDAQ

Industrials·Specialty·🇺🇸·NASDAQ

Stock Price

$0.97-$1.21 (-55.43%)

Apr 21, 2026

Company Details

Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It...

CEO

Mark D. Gordon

IPO Date

Oct 26, 1999

Website

www.odysseymarine.com

Key Metrics TTM

Revenue

$353.7K

-57.7% YoY

Net Income

-$43M

EPS (Diluted)

-$1.11

Free Cash Flow

-$9M

Revenue / Share

$0.01

Gross Margin

-693.7%

Operating Margin

-3797.1%

Net Margin

-12180.6%

FCF Margin

-2506.3%

P/S

81.0x

P/E

—

Earnings Reports

Q4 2025

Mar 31, 2026

$22.7K-83.3%EPS -$0.34

Q3 2025

Nov 12, 2025

$61.0KEPS -$0.31

Q2 2025

Aug 19, 2025

$135.0KEPS -$0.48

Q1 2025

May 12, 2025

$135.0KEPS $0.02

Q4 2024

Mar 31, 2025

$136.1K-18.3%EPS -$0.18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$1M	-$1M	-$3M
Q3 20	$211.5K	-$5M	-$5M
Q2 21	$182.3K	-$3M	-$5M
Q3 22	$358.4K	-$2M	-$4M
Q3 23	$175.9K	-$891.3K	-$2M
Q4 23	$166.6K	-$568.9K	-$2M
Q4 24	$136.1K	$292.9K	-$1M
Q1 25	$135.0K	-$437.3K	-$2M
Q2 25	$135.0K	-$562.6K	-$4M
Q3 25	$61.0K	-$754.2K	-$2M
Q4 25	$22.7K	-$699.8K	-$5M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q3 20	—	—
Q2 21	—	—
Q3 22	35.4x	—
Q3 23	80.8x	—
Q4 23	106.6x	—
Q4 24	22.4x	—
Q1 25	19.0x	—
Q2 25	60.0x	—
Q3 25	126.4x	—
Q4 25	179.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$2M	-$2M
Q3 20	-$3M	-$3M
Q2 21	-$1M	-$1M
Q3 22	-$3M	-$3M
Q3 23	-$1M	-$2M
Q4 23	-$1M	-$2M
Q4 24	-$2M	-$2M
Q1 25	-$2M	-$2M
Q2 25	-$2M	-$2M
Q3 25	-$2M	-$2M
Q4 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q1 20	$3
Q3 20	$1
Q2 21	$13.9K
Q3 22	$4.4K
Q3 23	$481.0K
Q4 23	$768.3K
Q4 24	$4.0K
Q1 25	$0
Q2 25	$2
Q3 25	$1.6K
Q4 25	$14.5K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	-82.5%	-31.7%
Q4 23	-21.2%	-51.2%
Q4 24	-25.3%	-70.0%
Q1 25	-62.3%	-42.1%
Q2 25	-23.2%	+71.4%
Q3 25	-63.4%	-8.3%
Q4 25	-83.3%	+206.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$0	0.0%
Q3 20	$0	0.0%
Q2 21	$343.6K	188.4%
Q3 22	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$84.9K	373.2%

OpEx Breakdown

Quarter	SG&A
Q3 22	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$4M
Q3 25	$1M
Q4 25	$4M

Revenue Segments

Quarter	Cargo and Freight	Marine Services	Service Revenue And Other	Operating And Other
Q1 20	$294.4K	$711.1K	—	—
Q3 20	$143.2K	$68.4K	—	—
Q2 21	—	—	$182.3K	—
Q3 22	—	$298.1K	—	$60.3K
Q1 25	—	$135.0K	—	—
Q2 25	—	$135.0K	—	—
Q3 25	—	$61.0K	—	—
Q4 25	—	$22.7K	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2M	$0	$2M
Q2 22	$11M	$0	$11M
Q3 22	$7M	$0	$7M
Q4 22	$1M	$0	$1M
Q1 23	$674.4K	$0	$674.4K
Q2 23	$2M	$0	$2M
Q3 23	$4M	$0	$4M
Q4 23	$4M	$0	$4M
Q1 24	$2M	$0	$2M
Q2 24	$8M	$0	$8M
Q3 24	$3M	$0	$3M
Q4 24	$5M	$0	$5M
Q1 25	$2M	$0	$2M
Q2 25	$4M	$0	$4M
Q3 25	$6M	$0	$6M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	10M	—	—
Q3 20	11M	+11.5%	—
Q2 21	13M	+22.7%	—
Q3 22	19M	+49.6%	—
Q3 23	20M	+3.1%	+111.1%
Q4 23	20M	0.0%	+89.3%
Q4 24	29M	+43.5%	+121.3%
Q1 25	30M	+2.6%	+51.7%
Q2 25	31M	+4.0%	+53.0%
Q3 25	31M	0.0%	+53.0%
Q4 25	39M	+27.7%	+36.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	$71.8K	14
Q3 20	$15.1K	14
Q2 21	$13.0K	14
Q3 22	$27.6K	13
Q3 23	$12.6K	14
Q4 23	$15.1K	11
Q4 24	$12.4K	11
Q1 25	$12.3K	11
Q2 25	$12.3K	11
Q3 25	$5.5K	11
Q4 25	$1.9K	12

Revenue / Employee