Filing Flows › Odyssey Marine Exploration (OMEX) › Q1 2026
Odyssey Marine Exploration (OMEX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Odyssey Marine Exploration (OMEX) reported revenue of $22K for the first quarter 2026 (Q1 2026), -83% from a year earlier and -1% from the quarter before.
Odyssey Marine Exploration, Q1 2026: revenue $22K (-83% year over year), net earnings $178K, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22K | -1% | -83% |
| Operating profit | −$6.4M | — | — |
| Net earnings | $178K | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $22K in Q1 2026, down 83% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $6.4M, an operating margin of -28491.5%. Total costs grew 173% against a revenue fall of 83%. The fastest-growing cost line was SG&A (+222%). Net earnings were $347K, down 85% year over year ($178K including minority interests, which bore $169K of losses). The effective tax rate was 0.0%. Non-operating items added $6.6M, 3704% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.8M. Non-cash charges added back $18K of depreciation and $151K of share-based compensation. Working capital and other items used $4.2M.
Questions
What was Odyssey Marine Exploration's revenue in the first quarter 2026?
Odyssey Marine Exploration (OMEX) reported revenue of $22K for the first quarter 2026 (Q1 2026), -83% from a year earlier and -1% from the quarter before.