Odyssey Marine Exploration, Inc. (OMEX) Income Statement
OMEX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOMEX revenue and net income
Where OMEX's revenue goes
2025Each bar shows an amount and its share of revenue. OMEX kept −12,180.6% of revenue as net income.
OMEX profit margins
OMEX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −54.0% | −35.8% | −29.6% | −23.8% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | −375.2% | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OMEX quarterly EPS vs estimates
Odyssey Marine Exploration beat the analyst EPS estimate in 0 of the last 3 quarters. Next report: November 11, 2026.
OMEX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $353,719 | $768,677 | $803,799 | $1.3M | $921,238 | $2.0M | $3.1M | $3.3M | $1.2M | $4.7M |
| Cost of revenue | $2.9M | $3.1M | $4.3M | $9.8M | $9.6M | $10.9M | $7.9M | $3.7M | $3.4M | $8.3M |
| Gross profit | −$2.5M | −$2.3M | −$3.5M | −$8.4M | −$8.6M | −$8.9M | −$4.9M | −$412,807 | −$2.2M | −$3.6M |
| Research & development | — | — | — | — | — | — | — | $3.7M | $3.4M | $8.3M |
| Sales, general & admin | $11.0M | $9.7M | $6.8M | $8.5M | $6.3M | $3.7M | $5.5M | $5.7M | $6.2M | $8.0M |
| Total operating expenses | $10.9M | $9.7M | $6.8M | $9.4M | $6.3M | $3.7M | $5.5M | $5.7M | $6.2M | $8.0M |
| Operating income | −$13.4M | −$12.0M | −$10.3M | −$17.9M | −$15.0M | −$12.6M | −$10.3M | −$6.1M | −$8.4M | −$10.6M |
| Interest income | $119,363 | $169,360 | $412,625 | $96,478 | $4,036 | $5,121 | $151 | $56,408 | $112 | $0 |
| Interest expense | $4.9M | $6.5M | $5.0M | $2.3M | $10.8M | $6.9M | $5.4M | $3.1M | $2.7M | $2.4M |
| Income before taxes | −$48.5M | $6.2M | −$3.9M | −$29.8M | −$16.1M | −$21.1M | −$15.5M | −$9.1M | −$11.0M | −$9.1M |
| Income taxes | −$5.39B | −$15.65B | −$9.2M | $6.2M | $8.7M | $599,008 | $1.1M | −$740,766 | −$471,361 | $102,336 |
| Net income | −$43.1M | $15.7M | $5.3M | −$22.1M | −$10.0M | −$14.8M | −$10.4M | −$5.2M | −$7.8M | −$6.3M |
| EBITDA | −$43.5M | $13.0M | $1.6M | −$27.3M | −$5.1M | −$14.0M | −$10.0M | −$5.5M | −$7.5M | −$5.6M |
| EPS (diluted) | −$1.10 | −$0.35 | −$0.05 | −$1.39 | −$0.77 | −$1.43 | −$1.16 | −$0.57 | −$0.95 | −$0.84 |
| Gross margin | −715.0% | −303.9% | −434.7% | −631.3% | −936.7% | −435.9% | −158.0% | −12.6% | −175.4% | −76.5% |
| Operating margin | −3,797.1% | −1,561.8% | −1,286.1% | −1,337.6% | −1,622.9% | −619.9% | −336.7% | −185.2% | −669.4% | −225.3% |
| Net margin | −12,180.6% | 2,037.0% | 665.1% | −1,654.3% | −1,080.8% | −726.7% | −339.7% | −157.9% | −621.5% | −134.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77,855 | $22,500 | $22,744 | $60,975 | $135,000 | $135,000 | $136,147 | $213,901 | $215,565 | $203,064 | $166,609 | $175,876 |
| Cost of revenue | $675,971 | $698,246 | $741,309 | $815,217 | $697,566 | $572,309 | −$156,711 | $1.3M | $1.0M | $885,667 | $735,474 | $1.1M |
| Gross profit | −$598,116 | −$675,746 | −$718,565 | −$754,242 | −$562,566 | −$437,309 | $292,858 | −$1.1M | −$811,150 | −$682,603 | −$568,865 | −$891,266 |
| Research & development | $675,971 | — | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $7.1M | $5.8M | $4.0M | $1.4M | $3.8M | $1.8M | $1.7M | $1.7M | $2.2M | $4.0M | $1.7M | $1.6M |
| Total operating expenses | $7.1M | $5.7M | $4.0M | $1.4M | $3.8M | $1.8M | $1.7M | $1.7M | $2.2M | $4.0M | $2.4M | $1.6M |
| Operating income | −$7.7M | −$6.4M | −$4.7M | −$2.1M | −$4.4M | −$2.2M | −$1.4M | −$2.9M | −$3.0M | −$4.7M | −$2.2M | −$2.5M |
| Interest income | — | $3,356 | $7,797 | $4,809 | $45,267 | $61,490 | $53,590 | $108,047 | $7,314 | $409 | $14 | $655 |
| Interest expense | $214,552 | $172,269 | $1.2M | $1.4M | $1.2M | $1.2M | $1.2M | $1.7M | $1.8M | $1.8M | $1.4M | $1.8M |
| Income before taxes | −$9.4M | $177,876 | −$17.4M | −$13.5M | −$17.1M | −$415,654 | −$7.2M | $16.2M | −$3.7M | $920,968 | −$10.7M | −$6.1M |
| Income taxes | — | −$169.5M | −$5.39B | −$435.4M | −$2.29B | −$2.66B | — | $1 | −$2.20B | $4,396 | — | $4,396 |
| Net income | −$9.3M | $347,346 | −$17.4M | −$13.1M | −$14.8M | $2.2M | −$5.0M | $18.7M | −$1.5M | $3.5M | −$8.2M | −$3.8M |
| EBITDA | −$9.2M | $368,049 | −$16.2M | −$12.1M | −$15.9M | $787,164 | −$6.0M | $18.0M | −$1.8M | $2.8M | — | −$4.1M |
| EPS (diluted) | −$0.16 | −$0.34 | — | −$0.31 | −$0.42 | $0.01 | −$0.22 | $0.13 | −$0.07 | −$0.18 | −$0.40 | −$0.19 |
| Gross margin | −768.2% | −3,003.3% | −3,159.4% | −1,237.0% | −416.7% | −323.9% | 215.1% | −530.6% | −376.3% | −336.2% | −341.4% | −506.8% |
| Operating margin | −9,875.3% | −28,491.5% | −20,662.5% | −3,494.4% | −3,241.0% | −1,648.6% | −1,031.0% | −1,340.9% | −1,399.1% | −2,323.0% | −1,334.0% | −1,396.1% |
| Net margin | −11,957.9% | 1,543.8% | −76,530.3% | −21,439.5% | −10,998.5% | 1,660.4% | −3,673.4% | 8,736.9% | −708.4% | 1,722.6% | −4,931.9% | −2,168.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OMEX's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OMEX financial results
In fiscal year 2025 (ended December 31, 2025), Odyssey Marine Exploration reported revenue of $0.4 million, down 54.0% from the year before. It had a net loss of $43.1 million, a net profit margin of −12,180.6%. Diluted earnings per share came to −$1.10. Over five years revenue grew at an average rate of −29.6% a year.
See the OMEX stock overview for the latest quote and news, or the OMEX chart for price history and technical indicators.
OMEX income statement FAQ
What is Odyssey Marine Exploration's annual revenue?
Odyssey Marine Exploration reported total revenue of $0.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 54.0% from $0.8 million the previous year.
Is Odyssey Marine Exploration profitable?
No. Odyssey Marine Exploration reported a net loss of $43.1 million in fiscal 2025, a net profit margin of −12,180.6%; its operating margin was −3,797.1%.
What is Odyssey Marine Exploration's gross margin?
Odyssey Marine Exploration's gross margin was −715.0% in fiscal 2025: for every $100 of revenue, Odyssey Marine Exploration kept $-715 after the direct cost of its products and services.
How fast is Odyssey Marine Exploration growing?
Revenue grew −29.6% a year on average over the last five fiscal years, from $2.0 million to $0.4 million.
What are Odyssey Marine Exploration's earnings per share?
Odyssey Marine Exploration earned $-1.10 per diluted share in fiscal 2025, compared with $-0.35 a year earlier.
When will Odyssey Marine Exploration report its next earnings?
Odyssey Marine Exploration is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Odyssey Marine Exploration's fiscal year end?
Odyssey Marine Exploration's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.