Odyssey Marine Exploration (OMEX) AI Stock Analysis

• Market Cap: $84.72M
• Dividend Yield: N/A
• Average Volume (3M): 3.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.00
• Revenue Growth: -41.55%
• EPS Growth: -249.30%
• Country: US
• Employees: 11
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Specialty Business Services
• EPS (TTM): -0.31
• Shares Outstanding: 55,738,490
• 10 Day Avg. Volume: 6,278,687
• 30 Day Avg. Volume: 3,396,252
• PEG Ratio: <0.01
• Price to Book (P/B): -0.93
• Price to Sales (P/S): 19.65
• P/FCF Ratio: 27.07
• Enterprise Value/Market Cap: 0.62
• Enterprise Value/Revenue: 112.28
• Enterprise Value/Gross Profit: -35.89
• Enterprise Value/Ebitda: 0.04
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $2.00 ▼(-13.04% Downside)
• Action: Reiterated Date: 01/13/26
• Date: Action: Reiterated 01/13/26

The score is held down primarily by weak financial performance—shrinking revenue, persistent operating losses, negative equity, and renewed TTM cash burn. Technical indicators are modestly supportive and a recent debt reduction event helps, but losses (negative P/E) and dilution risk limit the overall outlook.

Positive Factors

Debt Reduction

Debt conversion into equity reduces financial leverage and interest obligations, improving long-term financial stability and flexibility.

Cash Flow Improvement

Positive free cash flow indicates better cash management, enhancing the company's ability to reinvest in operations and reduce debt.

Strategic Partnerships

Strategic partnerships enhance revenue streams and provide credibility, supporting sustainable business operations and market position.

Negative Factors

Revenue Volatility

Volatile revenue streams can hinder long-term planning and investment, impacting the company's ability to sustain operations.

Operational Inefficiencies

Negative margins reflect poor cost control and profitability, challenging the company's ability to achieve sustainable growth.

Weak Capital Structure

A weak capital structure with negative equity limits financial flexibility and increases insolvency risks, affecting long-term viability.

Odyssey Marine Exploration Business Overview & Revenue Model

Company Description

Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It also offers resource assessment, project planning, research, and project management services. The company was founded in 1986 and is headquartered in Tampa, Florida.

How the Company Makes Money

Odyssey Marine Exploration generates revenue through several key streams, primarily from salvaging and recovering valuable artifacts from shipwrecks and underwater sites, which are then sold at auction or through private sales. The company also partners with governments, museums, and private collectors for the legal and ethical recovery of items, which can include a share of any findings. Additionally, OMEX engages in research and development projects that focus on marine resources, potentially tapping into revenues derived from the extraction and sale of precious metals and other materials discovered during their explorations. The company may also receive funding or grants related to heritage preservation and marine archaeology, contributing to its overall earnings.

Odyssey Marine Exploration Financial Statement Overview

Summary

Overall financial quality is very weak: TTM revenue down ~25% YoY, profitability strained (negative gross profit and large net loss), and EBIT remains deeply negative. Balance sheet risk is elevated with negative stockholders’ equity across periods, and TTM operating cash flow/free cash flow are materially negative (cash burn), despite some improvement vs the prior year and reduced debt versus earlier years.

Income Statement

Operating performance remains weak. Revenue in TTM (Trailing-Twelve-Months) fell ~25% versus the prior year, and profitability is strained with negative gross profit and a large net loss in TTM. While 2023–2024 showed reported net income profits, those did not translate into sustained operating improvement (EBIT remained deeply negative across periods), pointing to volatile/possibly non-recurring drivers rather than a durable earnings base.

Balance Sheet

Balance sheet risk is elevated. Stockholders’ equity is negative across all shown periods (including TTM), which limits financial flexibility and makes leverage metrics less meaningful/less favorable. Debt levels have come down versus 2020–2023, but with negative equity and modest asset base, the company remains vulnerable to funding needs and adverse shocks.

Cash Flow

Cash generation is inconsistent and currently pressured. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both materially negative, indicating ongoing cash burn, although free cash flow improved versus the prior year. 2024 briefly showed positive operating and free cash flow, but the reversal in TTM suggests limited stability in cash conversion and a continued need to manage liquidity carefully.

Breakdown	TTM	Mar 2025	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Income Statement
Total Revenue	467.12K	768.68K	803.80K	1.33M	921.24K	2.04M
Gross Profit	-1.46M	-2.34M	-3.49M	-8.43M	-8.63M	-8.89M
EBITDA	1.32B	12.97M	1.58M	-27.27M	-5.14M	-14.03M
Net Income	-30.68M	15.66M	5.35M	-22.08M	-9.96M	-14.81M
Balance Sheet
Total Assets	17.74M	18.49M	22.75M	13.87M	8.91M	11.76M
Cash, Cash Equivalents and Short-Term Investments	5.82M	4.79M	4.02M	1.44M	2.27M	6.16M
Total Debt	11.86M	22.94M	23.45M	22.71M	42.36M	43.21M
Total Liabilities	101.04M	97.58M	108.66M	102.55M	71.40M	69.67M
Stockholders Equity	-45.40M	-16.24M	-32.48M	-44.48M	-26.03M	-27.63M
Cash Flow
Free Cash Flow	-7.92M	557.99K	-11.52M	-11.69M	-5.44M	-9.18M
Operating Cash Flow	-7.92M	642.34K	-10.17M	-10.21M	-5.43M	-9.18M
Investing Cash Flow	-155.06K	-84.35K	-1.03M	-2.48M	322.99K	0.00
Financing Cash Flow	11.03M	212.03K	13.78M	11.86M	1.21M	15.13M

Odyssey Marine Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMEX, the sentiment is Negative. The current price of 2.3 is above the 20-day moving average (MA) of 1.70, above the 50-day MA of 1.99, and above the 200-day MA of 1.80, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 36.39 is Neutral, neither overbought nor oversold. The STOCH value of 22.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OMEX.

Odyssey Marine Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASS	76 Outperform	$580.16M	16.99	11.44%	2.98%	-4.96%	39.42%
ACTG	63 Neutral	$388.74M	81.89	0.90%	―	71.28%	-89.20%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CVEO	54 Neutral	$318.51M	-13.14	-12.34%	4.25%	-10.51%	-247.97%
OMEX	47 Neutral	$84.72M	-1.55	―	―	-41.55%	-249.30%
PMEC	44 Neutral	$26.02M	-12.68	-13.00%	―	2.52%	45.76%
SST	41 Neutral	$32.79M	-0.37	-99.29%	―	-20.49%	25.95%