ODYSSEY MARINE EXPLORATION INC

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

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.

FY2025 · Filed Mar 31, 2026

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,
	2025	2024
REVENUE
Marine services	$353,719	$726,395
Operating and other	—	42,282
Total revenue	353,719	768,677
OPERATING EXPENSES
Marketing, general and administrative	10,977,265	9,669,116
Operations and research	2,807,606	3,104,488
Total operating expenses	13,784,871	12,773,604
LOSS FROM OPERATIONS	(13,431,152)	(12,004,927)
OTHER (EXPENSE) / INCOME
Interest income	119,363	169,360
Interest expense	(4,936,248)	(6,517,631)
Loss on equity method investment	(1,578,573)	(271,830)
Change in derivative liabilities fair value	(28,213,642)	18,866,862
Gain / (Loss) on debt extinguishment	587,019	(729,723)
Gain on disposal of equipment	164,000	4,029
Residual economic interest in shipwreck	—	9,839,006
Loss on Termination Agreement (Note 5)	—	(4,246,900)
Other	(1,181,171)	1,138,883
Total other (expense) / income	(35,039,252)	18,252,056
(LOSS) / INCOME BEFORE INCOME TAXES	(48,470,404)	6,247,129
Income tax benefit	—	—
NET (LOSS) / INCOME	(48,470,404)	6,247,129
Net loss attributable to non-controlling interest	5,385,219	9,410,805
NET (LOSS) / INCOME attributable to Odyssey Marine Exploration, Inc.	$(43,085,185)	$15,657,934
NET (LOSS) / INCOME PER SHARE
Basic	$(1.10)	$0.75
Diluted	$(1.10)	$0.07
Weighted average number of common shares outstanding:
Basic	39,254,985	20,977,521
Diluted	39,254,985	28,376,949

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.