United Maritime Corporation (USEA) Income Statement
USEA 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUSEA revenue and net income
Where USEA's revenue goes
2025Each bar shows an amount and its share of revenue. USEA kept −16.4% of revenue as net income.
USEA profit margins
USEA growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −16.8% | +18.4% | +55.7% | — |
| Gross profit | −73.9% | −15.8% | +46.0% | — |
| Operating income | −101.8% | — | — | — |
| Net income | — | — | — | — |
| 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.
USEA quarterly EPS vs estimates
United Maritime beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 10, 2026.
USEA income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $37.8M | $45.4M | $36.1M | $22.8M | $7.4M | $4.1M | $6.9M |
| Cost of revenue | $31.5M | $21.5M | $32.8M | $12.3M | $3.5M | $3.2M | $5.6M |
| Gross profit | $6.2M | $23.9M | $3.3M | $10.5M | $3.9M | $941,428 | $1.2M |
| Sales, general & admin | $4.3M | $6.3M | $8.0M | $5.5M | $613,399 | $300,705 | $313,657 |
| Total operating expenses | $6.3M | $19.1M | −$3.8M | −$30.0M | $955,649 | $640,455 | $649,787 |
| Operating income | −$85,999 | $4.8M | $7.1M | $40.5M | $2.9M | $300,973 | $590,210 |
| Interest income | $218,000 | $314,000 | $366,000 | $39,000 | $0 | $9,932 | $8,796 |
| Interest expense | $6.4M | $8.4M | $7.2M | $2.5M | $743,687 | $708,445 | $870,342 |
| Income before taxes | −$6.2M | −$3.4M | $221,000 | $37.5M | $2.2M | $1.1M | −$275,645 |
| Income taxes | — | — | $9.2M | −$37.4M | $621,046 | $592,801 | $719,434 |
| Net income | −$6.2M | −$3.4M | $221,000 | $37.5M | $2.2M | $1.1M | −$275,645 |
| EBITDA | $11.0M | $13.9M | $4.4M | $41.4M | $3.5M | $2.4M | $1.2M |
| EPS (diluted) | −$0.53 | −$0.24 | −$0.15 | $3.26 | $1.44 | — | — |
| Gross margin | 16.5% | 52.6% | 9.0% | 45.9% | 52.3% | 22.8% | 18.0% |
| Operating margin | −0.2% | 10.6% | 19.6% | 177.8% | 39.4% | 7.3% | 8.6% |
| Net margin | −16.4% | −7.4% | 0.6% | 164.5% | 29.3% | 26.5% | −4.0% |
| 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 | $10.0M | $7.9M | $6.6M | $11.0M | $12.5M | $7.8M | $10.8M | $11.6M | $12.4M | $10.6M | $11.6M | $11.7M |
| Cost of revenue | $6.1M | $5.5M | $5.2M | $5.9M | $9.1M | $9.0M | $5.0M | $9.2M | $8.5M | $8.6M | $8.8M | $10.2M |
| Gross profit | $3.9M | $2.4M | $1.4M | $5.1M | $3.4M | −$1.2M | $5.9M | $2.4M | $3.9M | $2.0M | $2.8M | $1.5M |
| Sales, general & admin | $1.6M | $1.0M | $1.7M | $1.7M | $792,000 | $640,000 | $1.3M | $1.8M | $727,000 | $1.4M | $1.3M | $2.0M |
| Total operating expenses | $2.0M | $1.4M | $2.1M | $2.1M | $1.5M | $1.2M | $5.9M | $860,000 | $1.3M | $1.4M | $1.3M | −$9.3M |
| Operating income | $1.9M | $965,999 | −$654,999 | $2.9M | $1.9M | −$2.5M | $13,000 | $1.5M | $2.6M | $656,000 | $1.4M | $10.8M |
| Interest income | $37,000 | $62,000 | $113,000 | $65,000 | $22,000 | $18,000 | $58,000 | $93,000 | $72,000 | $92,000 | $215,000 | $40,000 |
| Interest expense | $1.3M | $1.2M | $1.2M | $1.5M | $1.8M | $1.9M | $1.3M | $2.0M | $2.0M | $2.1M | $1.3M | $2.1M |
| Income before taxes | $1.2M | −$138,999 | −$3.8M | $1.1M | $978,000 | −$4.5M | −$1.8M | −$894,000 | $672,000 | −$1.3M | −$726,000 | $8.9M |
| Income taxes | — | — | — | — | — | — | — | — | — | $2.8M | $3.1M | $13.8M |
| Net income | $1.2M | −$138,999 | −$3.8M | $1.1M | $962,000 | −$4.5M | −$1.8M | −$894,000 | $672,000 | −$1.3M | −$726,000 | $8.9M |
| EBITDA | $4.3M | $1.1M | −$586,999 | $3.4M | $3.9M | −$560,500 | $3.1M | $4.6M | $4.5M | $3.6M | $552,000 | $13.6M |
| EPS (diluted) | $0.12 | −$0.01 | −$0.17 | $0.12 | $0.02 | −$0.50 | −$0.08 | −$0.10 | $0.09 | −$0.15 | −$0.08 | $0.91 |
| Gross margin | 39.2% | 30.4% | 21.2% | 46.1% | 27.4% | −16.0% | 54.2% | 20.8% | 31.3% | 19.1% | 23.8% | 13.1% |
| Operating margin | 18.8% | 12.2% | −9.9% | 26.7% | 15.2% | −32.0% | 0.1% | 13.4% | 20.9% | 6.2% | 12.4% | 92.7% |
| Net margin | 11.6% | −1.7% | −57.3% | 9.7% | 7.7% | −57.8% | −16.8% | −7.7% | 5.4% | −12.6% | −6.3% | 75.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in USEA's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
USEA financial results
In fiscal year 2025 (ended December 31, 2025), United Maritime reported revenue of $37.8 million, down 16.8% from the year before. It had a net loss of $6.2 million, a net profit margin of −16.4%. Diluted earnings per share came to −$0.53. Over five years revenue grew at an average rate of 55.7% a year.
See the USEA stock overview for the latest quote and news, or the USEA chart for price history and technical indicators.
USEA income statement FAQ
What is United Maritime's annual revenue?
United Maritime reported total revenue of $37.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 16.8% from $45.4 million the previous year.
Is United Maritime profitable?
No. United Maritime reported a net loss of $6.2 million in fiscal 2025, a net profit margin of −16.4%; its operating margin was −0.2%.
What is United Maritime's gross margin?
United Maritime's gross margin was 16.5% in fiscal 2025: for every $100 of revenue, United Maritime kept $17 after the direct cost of its products and services.
How fast is United Maritime growing?
Revenue grew 55.7% a year on average over the last five fiscal years, from $4.1 million to $37.8 million.
What are United Maritime's earnings per share?
United Maritime earned $-0.53 per diluted share in fiscal 2025, compared with $-0.24 a year earlier.
When will United Maritime report its next earnings?
United Maritime is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does United Maritime's fiscal year end?
United Maritime's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.