Filing Flows › Odyssey Marine Exploration (OMEX) › Q3 2025
Odyssey Marine Exploration (OMEX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Odyssey Marine Exploration (OMEX) reported revenue of $61K for the third quarter 2025 (Q3 2025), -71% from a year earlier and -55% from the quarter before.
Odyssey Marine Exploration, Q3 2025: revenue $61K (-72% year over year), net loss $13.5M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61K | -55% | -71% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$13.5M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $61K in Q3 2025, down 71% year over year and down 55% from the previous quarter.
Operating costs exceeded revenue by $2.1M, an operating margin of -3494.4%. Total costs fell 29% while revenue fell 71%. The quarter ended with a net loss of $13.5M, narrower than the previous quarter's $17.1M loss. Minority interests bore $435K of it: to shareholders the quarter was a loss of $13.1M. Net interest and other expense of $11.4M was the main reason.
Operating cash flow was −$2.1M. Non-cash charges added back $18K of depreciation and $46K of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $2K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Odyssey Marine Exploration's revenue in the third quarter 2025?
Odyssey Marine Exploration (OMEX) reported revenue of $61K for the third quarter 2025 (Q3 2025), -71% from a year earlier and -55% from the quarter before.