Is Odyssey Marine Exploration going out of business?

ODYSSEY MARINE EXPLORATION INC (OMEX) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

ODYSSEY MARINE EXPLORATION INC (OMEX) scores 4 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 92.60% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Critical

1-2 mo of estimated runway from 2026-06-30, based on $2.3M of cash and short-term investments against $21.2M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Poor

-11370.0% operating margin and -11517.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Contracting

Revenue weakened 70.3%; operating margin weakened 9616.5pp; FCF margin weakened 10656.5pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Demanding

-20% normalized FCF yield supports a demanding Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 92.60% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: Negative equity (balance sheet deficit; monitor solvency)
• Filing event risk: Going-Concern Warning (-8 pts)
• FCF margin: -11517.47%
• Revenue CAGR (3Y): -17.81%
• Revenue growth YoY: -42.33% (Industrial YoY)
• ROE quality: 94.49%
• Return on Assets: -298.01%
• Asset Efficiency: 0.01x
• Net income trend: 37.30% (Loss narrowing)
• Cash Burn Deceleration: 35.88% QoQ improvement (Rapid improvement)
• Debt Maturity Runway: 100% long-term (Long-term focused)

Read from filings through 2026-08-11.

Price as of 2026-09-11.