Filing Flows › Odyssey Marine Exploration (OMEX) › Q1 2025
Odyssey Marine Exploration (OMEX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Odyssey Marine Exploration (OMEX) reported revenue of $135K for the first quarter 2025 (Q1 2025), -34% from a year earlier and -0.8% from the quarter before.
Odyssey Marine Exploration, Q1 2025: revenue $135K (-34% year over year), net loss $416K, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135K | -0.8% | -34% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$416K | — | — |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $135K in Q1 2025, down 34% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $2.2M, an operating margin of -1648.6%. Total costs fell 52% while revenue fell 34%. The quarter ended with a net loss of $416K, narrower than the previous quarter's $7.2M loss. Minority interests bore $2.7M of it: to shareholders the quarter was a profit of $2.2M. Non-operating items added $1.8M, -435% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.0M. Non-cash charges added back $21K of depreciation and $46K of share-based compensation. Working capital and other items used $1.6M.
Questions
What was Odyssey Marine Exploration's revenue in the first quarter 2025?
Odyssey Marine Exploration (OMEX) reported revenue of $135K for the first quarter 2025 (Q1 2025), -34% from a year earlier and -0.8% from the quarter before.