Odyssey Marine Exploration Inc
NASDAQ: OMEX · BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING
Updated 2026-06-03
Odyssey Marine Exploration Inc (OMEX) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-13.11M | $-15.11M | $-21.43M | $-12.60M | $-12.16M | $-15.19M | $-6.88M | $-19.66M | $-28.55M | $-17.16M | $-8.31M | $-5.85M | $-6.45M | $-5.44M | $-9.18M | $-5.43M | $-10.21M | $-10.17M | $642341.00 | $-8.85M |
| Capital expenditures | $2.31M | $679874.00 | $1.38M | $1.15M | $1.63M | $973764.00 | $946190.00 | $4.50M | $2.97M | $48411.00 | $129684.00 | $80000.00 | $9624.00 | $15492.00 | $19137.00 | $19137.00 | $1.48M | $1.35M | $84350.00 | $16098.00 |
| Depreciation | $3.14M | $3.54M | $2.62M | $2.28M | $2.16M | $1.89M | $1.59M | $1.94M | $5.51M | $1.42M | $1.06M | $760766.00 | $453466.00 | $169667.00 | $142086.00 | $154751.00 | $249473.00 | $421427.00 | $200587.00 | — |
| Stock-based comp | — | — | $1.85M | $2.03M | $2.14M | $1.55M | $1.49M | $2.45M | $2.23M | $2.70M | $1.66M | $725875.00 | $278947.00 | $55200.00 | $420648.00 | $1.25M | $1.81M | $585654.00 | $2.01M | $222100.00 |
| Free cash flow | $-15.42M | $-15.79M | $-22.81M | $-13.75M | $-13.79M | $-16.16M | $-7.82M | $-24.16M | $-31.52M | $-17.21M | $-8.43M | $-5.93M | $-6.46M | $-5.46M | $-9.20M | $-5.44M | $-11.69M | $-11.52M | $557991.00 | $-8.87M |
| Investing cash flow | $-1.91M | $-679874.00 | $-1.36M | $-1.65M | $-1.63M | $-488764.00 | $-946190.00 | $-4.50M | $-2.97M | $799589.00 | $70316.00 | $80000.00 | $994038.00 | $-15492.00 | $322988.00 | $322988.00 | $-2.48M | $-1.03M | $-84350.00 | — |
| Financing cash flow | $14.15M | $31.69M | $15.22M | $5.65M | $11.88M | $23.42M | $9.95M | $35.39M | $13.34M | $15.46M | $7.66M | $5.22M | $7.14M | $2.88M | $15.13M | $1.21M | $11.86M | $13.78M | $212032.00 | — |
| Dividends paid | — | — | — | — | — | $515556.00 | $10000.00 | $10.00M | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | $7.74M | $2.12M | $11.23M | $-18.18M | $-902233.00 | $-578674.00 | $-554450.00 | $1.68M | $-2.58M | $5.95M | — | — | — | — | — |
Frequently asked questions
What is Odyssey Marine Exploration Inc's revenue?
Odyssey Marine Exploration Inc's trailing twelve-month revenue is $241220.00. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is OMEX?
In its most recent fiscal year, OMEX ran a gross margin of -715.03%, an operating margin of -3,797.12%, and a net margin of -12,180.63%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does OMEX generate?
OMEX produced $-8.87M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is OMEX's balance sheet healthy?
OMEX holds $3.52M in cash and equivalents against $3.93M in long-term debt, on $-37.65M of shareholder equity. That debt is best read against the cash flow the business throws off each year.