OMEXNasdaqWater TransportationFiscal year ends December 31
ODYSSEY MARINE EXPLORATION INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026
$0.59−0.05 (-7.83%)
Close on Oct 19, 2026
- Market cap
- $34.57M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
-3797.1%−3177.2 pts over 5 years
Net margin
-12180.6%−11453.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -54.0% | +24.4% | -29.6% | -23.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 35.9% | 52.0% | 159.9% | |
| Return on assets | -105.3% | -173.4% | -251.0% | |
| Current ratio | 0.10 | 0.13 | 0.37 | |
| Interest coverage | -4.4× | -1.8× | -2.7× | |
| Capex to revenue | 2.8% | 0.0% | 4.6% | |
| Diluted shares | 8M | 11M | 39M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Odyssey Marine Exploration generated $35.30M from operations and spent $2.94M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$35.30M
Used
$2.94M
Capital expenditure$2.94M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-12180.6%
×Asset turnover0.02×
×Equity multiplier-0.64×
=Return on equity, FY2025159.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -12180.6% | 0.02× | -0.64× | 159.9% |
| FY2024 | 2037.0% | 0.04× | -0.85× | -64.3% |
| FY2023 | 665.1% | 0.04× | -0.48× | -13.9% |
| FY2022 | -12004.2% | 0.02× | -0.32× | 62.6% |
| FY2021 | -1080.8% | 0.09× | -0.39× | 37.1% |
| FY2020 | -726.7% | 0.24× | -0.30× | 52.0% |
| FY2019 | -339.7% | 0.57× | -0.21× | 40.8% |
| FY2018 | -157.9% | 0.78× | -0.19× | 23.3% |
| FY2017 | -621.5% | 0.31× | -0.19× | 37.3% |
| FY2016 | -134.9% | 0.78× | -0.34× | 35.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$43.09M
- Cash generatingOperating cash flow above zero-$8.85M
- Return on assets improvedROA up on the prior year68.8% → -233.0%
- Earnings backed by cashOperating cash flow above net income-$8.85M vs -$43.09M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.26 → 0.37
- No dilutionShare count did not rise28M → 39M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.02