Filing Flows › Seacor Marine Holdings (SMHI) › Q4 2025
Seacor Marine Holdings (SMHI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Seacor Marine Holdings (SMHI) reported revenue of $52.3M for the fourth quarter 2025 (Q4 2025), -25% from a year earlier and -12% from the quarter before. Operating margin was -9.9%, net loss $14.6M (27.9% of revenue).
Seacor Marine Holdings, Q4 2025: revenue $52.3M (-25% year over year), operating margin -9.9%, net loss $14.6M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3M | -12% | -25% |
| Operating profit | −$5.2M | -129% | — |
| Net earnings | −$14.6M | -263% | — |
| Operating cash flow | −$12.2M | — | — |
What changed
Revenue was $52.3M in Q4 2025, down 25% year over year and down 12% from the previous quarter. Time Charter was the largest line at 95% of revenue.
Gross margin was 18.5%, down 14.6 points from a year earlier. Operating costs exceeded revenue by $5.2M, an operating margin of -9.9%. Operating expenses grew 19% against a revenue fall of 25%. The fastest-growing cost line was Other operating costs (+31%). The quarter ended with a net loss of $14.6M, after a profit of $9.0M the previous quarter. Net interest and other expense of $7.8M was the main reason.
Operating cash flow was −$12.2M. Non-cash charges added back $10.0M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $8.4M exceeded it, leaving free cash flow of −$20.6M.
Questions
What was Seacor Marine Holdings' revenue in the fourth quarter 2025?
Seacor Marine Holdings (SMHI) reported revenue of $52.3M for the fourth quarter 2025 (Q4 2025), -25% from a year earlier and -12% from the quarter before.
Was Seacor Marine Holdings profitable in the fourth quarter 2025?
Operating loss was $5.2M (-9.9% of revenue) and net loss $14.6M.