Filing Flows › Odyssey Marine Exploration (OMEX) › Q2 2025
Odyssey Marine Exploration (OMEX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
Odyssey Marine Exploration (OMEX) reported revenue of $135K for the second quarter 2025 (Q2 2025), -37% from a year earlier and 0% from the quarter before.
Odyssey Marine Exploration, Q2 2025: revenue $135K (-37% year over year), net loss $17.1M, operating cash flow −$2.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135K | 0% | -37% |
| Operating profit | −$4.4M | — | — |
| Net earnings | −$17.1M | — | — |
| Operating cash flow | −$2.0M | — | — |
What changed
Revenue was $135K in Q2 2025, down 37% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $4.4M, an operating margin of -3241.0%. Total costs grew 40% against a revenue fall of 37%. The fastest-growing cost line was SG&A (+73%). The quarter ended with a net loss of $17.1M, wider than the previous quarter's $416K loss. Minority interests bore $2.3M of it: to shareholders the quarter was a loss of $14.8M. Net interest and other expense of $12.8M was the main reason.
Operating cash flow was −$2.0M. Non-cash charges added back $18K of depreciation and $46K of share-based compensation. Working capital and other items added $15.1M.
Questions
What was Odyssey Marine Exploration's revenue in the second quarter 2025?
Odyssey Marine Exploration (OMEX) reported revenue of $135K for the second quarter 2025 (Q2 2025), -37% from a year earlier and 0% from the quarter before.