Odyssey Marine Exploration OMEX
Odyssey Marine Exploration reports net loss of $4.64 million
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001193125-26-443747
- Revenue: $108,913 for the three months ended Sep 30, 2026
- Net loss: $4.64 million for the three months ended Sep 30, 2026
- Diluted EPS: -$1.98 for the three months ended Sep 30, 2026
- Cash and equivalents: $1.14 million at Sep 30, 2026
Written from the 10-Q on EDGAR. Check the filing before you rely on it.
The reading, claim by claim
0 of 5 claims matched the filing text.
Not found in the filing text
- For the quarter ended September 30, 2026, ODYSSEY MARINE EXPLORATION INC reported: Revenue $108,913.
- Net income -$4.6 million.
- Operating margin -4005.7%.
- Net margin -4262.9%.
- Revenue change from a year earlier +78.6%.
From the filing
Item 1.
Item 1.
Financial Statements (unaudited):
Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025
3
Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2026 and 2025
4
Condensed Consolidated Statements of Changes in Stockholders' Deficit for the three and nine months ended September 30, 2026 and 2025
5
Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2026 and 2025
7
Notes to the Condensed Consolidated Financial Statements
8
ITEM 1. FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS ODYSSEY MARINE EXPLORATION, INC. AND SUBSIDIARIES COND ENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$
1,142,544
$
3,515,881
Accounts receivable, related party
114,143
67,323
Other current assets
258,242
772,616
Total current assets
1,514,929
4,355,820
NON-CURRENT ASSETS
Investment in unconsolidated entities
7,440,105
8,818,748
Option to purchase equity securities in related party
334,974
334,974
Bismarck exploration license
1,821,251
1,821,251
Property and equipment, net
421,105
474,816
Other non-current assets
34,295
34,295
Total assets
$
11,566,659
$
15,839,904
LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES
Accounts payable
$
2,736,261
$
770,750
Accrued expenses
10,283,637
9,846,020
Loans payable, current portion
14,859,832
1,062,356
Total current liabilities
27,879,730
11,679,126
LONG-TERM LIABILITIES
Loans payable
150,000
3,933,042
Warrant liabilities
143,576
12,150,360
Litigation financing
67,419,137
63,287,048
Deferred contract liability
334,974
334,974
Total liabilities
95,927,417
91,384,550
Commitments and contingencies (Note 8)
STOCKHOLDERS' DEFICIT
Preferred stock – $ 0.0001 par value; 24,984,166 shares authorized; none issued and outstanding
—
—
Common stock – $ 0.0001 par value; 82,000,000 shares authorized; 2,347,568 and 2,230,877 issued and outstanding
235
223
Additional paid-in capital
290,921,345
285,875,282
Accumulated deficit
( 337,129,540
)
( 323,524,208
)
Total stockholders' deficit before non-controlling interest
( 46,207,960
)
( 37,648,703
)
Non-controlling interest
( 38,152,798
)
( 37,895,943
)
Total stockholders' deficit
( 84,360,758
)
( 75,544,646
)
Total liabilities and stockholders' deficit
$
11,566,659
$
15,839,904
The accompanying notes are an integral part of these condensed consolidated financial statements.
3
ODYSSEY MARINE EXPLORATION, INC. AND SUBSIDIARIES CONDENSED C ONSOLIDATED STATEMENTS OF OPERATIONS – Un
Similar companies
Companies of similar size in SIC 4400 and related industry codes: the same peer list as the financial tables.
- International Seaways INSW public float $1.8B, Jun 30, 2025
- Tidewater TDW public float $2.1B, Jun 30, 2025
- Matson MATX public float $3.5B, Jun 30, 2025
- Kirby KEX public float $6.3B, Jun 30, 2025
- Norwegian Cruise Line Holdings NCLH public float $9.0B, Jun 30, 2025