Filing Flows › Odyssey Marine Exploration (OMEX) › Q4 2025
Odyssey Marine Exploration (OMEX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Odyssey Marine Exploration (OMEX) reported revenue of $23K for the fourth quarter 2025 (Q4 2025), -83% from a year earlier and -63% from the quarter before.
Odyssey Marine Exploration, Q4 2025: revenue $23K (-83% year over year), net loss $17.4M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23K | -63% | -83% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$17.4M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $23K in Q4 2025, down 83% year over year and down 63% from the previous quarter.
Operating costs exceeded revenue by $4.7M, an operating margin of -20662.5%. Total costs grew 207% against a revenue fall of 83%. The quarter ended with a net loss of $17.4M, wider than the previous quarter's $13.5M loss. Minority interests bore $1K of it: to shareholders the quarter was a loss of $17.4M. Net interest and other expense of $12.7M was the main reason.
Operating cash flow was −$2.8M. Non-cash charges added back $19K of depreciation and $85K of share-based compensation. Working capital and other items added $14.5M. Capital expenditures of $15K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Odyssey Marine Exploration's revenue in the fourth quarter 2025?
Odyssey Marine Exploration (OMEX) reported revenue of $23K for the fourth quarter 2025 (Q4 2025), -83% from a year earlier and -63% from the quarter before.