Filing Flows › Odyssey Marine Exploration (OMEX) › Q2 2026
Odyssey Marine Exploration (OMEX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Odyssey Marine Exploration (OMEX) reported revenue of $78K for the second quarter 2026 (Q2 2026), -42% from a year earlier and +246% from the quarter before.
Odyssey Marine Exploration, Q2 2026: revenue $78K (-42% year over year), net loss $9.4M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78K | +246% | -42% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$9.4M | -5401% | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $78K in Q2 2026, down 42% year over year and up 246% from the previous quarter.
Operating costs exceeded revenue by $7.7M, an operating margin of -9875.3%. Total costs grew 72% against a revenue fall of 42%. The fastest-growing cost line was SG&A (+86%). The quarter ended with a net loss of $9.4M, after a profit of $178K the previous quarter. Minority interests bore $120K of it: to shareholders the quarter was a loss of $9.3M.
Operating cash flow was −$4.7M. Non-cash charges added back $18K of depreciation and $140K of share-based compensation. Working capital and other items added $4.6M.
Questions
What was Odyssey Marine Exploration's revenue in the second quarter 2026?
Odyssey Marine Exploration (OMEX) reported revenue of $78K for the second quarter 2026 (Q2 2026), -42% from a year earlier and +246% from the quarter before.