USEA (United Maritime Corporation) Stock Financials & Earnings | Market Cap Arena

USEA (United Maritime Corporation) Stock Financials & Earnings | Market Cap Arena

USEAUnited Maritime Corporation

Mkt Cap$20M

Industrials·Marine Shipping· Greece·NASDAQ

Revenue (TTM)$42M

Net Income (TTM)-$4M

EPS (TTM)-$0.50

Free Cash Flow (TTM)$0

Gross Margin22.3%

Op. Margin5.6%

Net Margin-10.2%

FCF Margin0.0%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)—

YoY Rev Growth-9.0%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 17

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$15M	$8M	$39M
Q1 23	$3M	-$2M	-$4M
Q2 23	$10M	$792K	-$1M
Q3 23	$12M	$2M	$11M
Q4 23	$12M	$3M	$1M
Q1 24	$11M	$2M	$656K
Q2 24	$12M	$4M	$3M
Q3 24	$12M	$2M	$2M
Q4 24	$11M	$2M	$13K
Q1 25	$8M	-$1M	-$2M
Q2 25	$12M	$3M	$2M
Q3 25	$11M	$5M	$3M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 22	—	—
Q1 23	—	—
Q2 23	0.5x	0.7x
Q3 23	0.5x	0.5x
Q4 23	0.5x	114.9x
Q1 24	0.4x	5.2x
Q2 24	0.4x	2.6x
Q3 24	0.4x	—
Q4 24	0.4x	—
Q1 25	0.5x	—
Q2 25	0.5x	—
Q3 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$0	$0
Q1 23	-$4M	$0
Q2 23	$3M	$3M
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$2M	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$0
Q1 23	$4M
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$2M
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+48.8%	-85.4%
Q4 23	-22.6%	+142.9%
Q1 24	+275.7%	+48.7%
Q2 24	+24.3%	-13.0%
Q3 24	-1.0%	+1070.2%
Q4 24	-6.2%	+6.8%
Q1 25	-26.8%	+2.9%
Q2 25	+0.2%	+7.5%
Q3 25	-5.2%	-19.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$957K	9.6%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$240K	1.9%
Q3 24	$238K	2.1%
Q4 24	$111K	1.0%
Q1 25	$104K	1.3%
Q2 25	$205K	1.6%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 22	$5M	—
Q1 23	$2M	—
Q2 23	$2M	—
Q3 23	$2M	—
Q4 23	$734K	$589K
Q1 24	$778K	$592K
Q2 24	$1M	—
Q3 24	$2M	—
Q4 24	$745K	—
Q1 25	$640K	—
Q2 25	$792K	—
Q3 25	$2M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$55M	$0	$55M
Q1 23	$20M	$0	$20M
Q2 23	$7M	$0	$7M
Q3 23	$14M	$0	$14M
Q4 23	$14M	$0	$14M
Q1 24	$10M	$0	$10M
Q2 24	$7M	$0	$7M
Q3 24	$11M	$0	$11M
Q4 24	$6M	$0	$6M
Q1 25	$3M	$0	$3M
Q2 25	$3M	$0	$3M
Q3 25	$20M	$0	$20M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	10M	-8.6%
Q1 23	8M	-18.8%
Q2 23	9M	+14.5%
Q3 23	9M	+6.1%
Q4 23	9M	-7.6%
Q1 24	9M	-0.3%
Q2 24	10M	+11.6%
Q3 24	9M	-9.5%
Q4 24	9M	-0.1%
Q1 25	9M	-1.0%
Q2 25	9M	+2.7%
Q3 25	9M	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$11M	2
FY 23	$18M	2
FY 24	$23M	2