ODYSSEY MARINE EXPLORATION INC

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

OMEX$10.75-0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	For the Year Ended December 31,
	2024	2023
REVENUE
Marine services	$726,395	$779,581
Operating and other	42,282	24,218
Total revenue	768,677	803,799
OPERATING EXPENSES
Marketing, general and administrative	9,669,116	6,843,181
Operations and research	3,104,488	4,298,179
Total operating expenses	12,773,604	11,141,360
LOSS FROM OPERATIONS	(12,004,927)	(10,337,561)
OTHER INCOME / (EXPENSE)
Interest income	169,360	412,625
Interest expense	(6,517,631)	(5,039,952)
Income / (Loss) on equity method investment	(271,830)	(278,910)
Change in derivative liabilities fair value	18,866,862	(8,302,866)
Gain / (Loss) on debt extinguishment	(729,723)	21,177,200
Residual economic interest in shipwreck	9,839,006	—
Loss on Termination Agreement (Note 5)	(4,246,900)	—
Other	1,142,912	(1,515,138)
Total other income / (expense)	18,252,056	6,452,959
INCOME / (LOSS) BEFORE INCOME TAXES	6,247,129	(3,884,602)
Income tax benefit	—	—
NET INCOME / (LOSS)	6,247,129	(3,884,602)
Net loss attributable to non-controlling interest	9,410,805	9,230,421
NET INCOME / (LOSS) attributable to Odyssey Marine Exploration, Inc.	$15,657,934	$5,345,819
NET INCOME / (LOSS) PER SHARE
Basic	$0.75	$0.27
Diluted	$0.07	$0.27
Weighted average number of common shares outstanding:
Basic	20,977,521	19,943,633
Diluted	28,376,949	20,118,877

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.