Odyssey Marine Exploration IncOdyssey Marine Exploration Inc
Odyssey Marine Exploration Inc

Odyssey Marine Exploration Inc

OMEX
Industrials·Professional Services

Odyssey Marine Exploration, Inc. is a deep-ocean exploration pioneer that provides access to critical mineral resources. The company uses innovative methods and cutting-edge technology to discover, validate and develop subsea mineral deposits in an environmentally and socially responsible manner. Its projects include US Critical Minerals Program, Lihir Gold projects and Cook Island Nodule Exploration. The company was founded by Gregory P. Stemm and John C. Morris in 1994 and is headquartered in Tampa, FL.

Florida; U.S.A
Market cap
No dataNo data
Revenue
$353.7K−54.0% YoY
Net income
$-43.1M−375.2% YoY
Free cash flow
$-8.9M−1688.8% YoY

Market

Listed stock
OMEXPriceNasdaq
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Financial performance

Revenue
$353.7K−54.0% YoY
Operating income
$-13.4M−11.9% YoY
Net income
$-43.1M−375.2% YoY
Free cash flow
$-8.9M−1688.8% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $921.2K, 2022 $1.3M, 2023 $9.3K, 2024 $768.7K, 2025 $353.7K. Operating income: 2021 $-15M, 2022 $-17M, 2023 $-10.3M, 2024 $-12M, 2025 $-13.4M. Net income: 2021 $-10M, 2022 $-23.1M, 2023 $5.3M, 2024 $15.7M, 2025 $-43.1M. Free cash flow: 2021 $-5.3M, 2022 $-10.6M, 2023 $-11.5M, 2024 $558K, 2025 $-8.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-54.0%−819540 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-15M, 2022-12-31 $-17M, 2023-12-31 $-10.3M, 2024-12-31 $-12M, 2025-12-31 $-13.4M. Net income: 2021-12-31 $-10M, 2022-12-31 $-23.1M, 2023-12-31 $5.3M, 2024-12-31 $15.7M, 2025-12-31 $-43.1M. Free cash flow: 2021-12-31 $-5.3M, 2022-12-31 $-10.6M, 2023-12-31 $-11.5M, 2024-12-31 $558K, 2025-12-31 $-8.9M

Growth heatmap

2022202320242025CAGR
Revenue
+44.9%
-99.3%
+8141.4%
-54.0%
-21.3%
Gross profit
+14.5%
-96.7%
+8141.4%
-54.0%
+9.0%
Operating income
-14.0%
+39.3%
-16.1%
-11.9%
No data
Free cash flow
-99.2%
-8.7%
+104.8%
-1688.8%
No data

Earnings quality

Operating cash flow
$-8.8M−1477.7% YoY
Net income
$-43.1M−375.2% YoY
Free cash flow
$-8.9M−1688.8% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 21%, 2024-12-31 4%, 2023-12-31 -190%, 2022-12-31 40%, 2021-12-31 53%. Free cash flow: 2025-12-31 21%, 2024-12-31 4%, 2023-12-31 -215%, 2022-12-31 46%, 2021-12-31 53%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
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Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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