Filing Flows › Seacor Marine Holdings (SMHI) › Q2 2025
Seacor Marine Holdings (SMHI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Seacor Marine Holdings (SMHI) reported revenue of $60.8M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +10% from the quarter before. Operating margin was 10.0%, net loss $6.7M (11.1% of revenue).
Seacor Marine Holdings, Q2 2025: revenue $60.8M (-13% year over year), operating margin 10.0%, net loss $6.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.8M | +10% | -13% |
| Operating profit | $6.1M | — | — |
| Net earnings | −$6.7M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $60.8M in Q2 2025, down 13% year over year and up 10% from the previous quarter. Time Charter was the largest line at 95% of revenue. Time Charter lost $8.0M year over year (down 12%), 88% of the total change.
Gross margin was 18.6%, down 10.5 points from a year earlier. Operating profit was $6.1M, a 10.0% margin (up 15.6 points year over year). Operating expenses fell 78% while revenue fell 13%. The quarter ended with a net loss of $6.7M, narrower than the previous quarter's $15.5M loss. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was −$2.1M. Non-cash charges added back $12.1M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $8.9M. Capital expenditures of $10.2M exceeded it, leaving free cash flow of −$12.3M.
Questions
What was Seacor Marine Holdings' revenue in the second quarter 2025?
Seacor Marine Holdings (SMHI) reported revenue of $60.8M for the second quarter 2025 (Q2 2025), -13% from a year earlier and +10% from the quarter before.
Was Seacor Marine Holdings profitable in the second quarter 2025?
Operating profit was $6.1M (10.0% of revenue) and net loss $6.7M.