Odyssey Marine Exploration Inc. Common Stock (OMEX)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I seek durable earning power and a margin of safety, and Odyssey fails on both today. The company explores seafloor minerals with only 12 employees. In fiscal 2025, the year ended 2025-12-31, revenue was $353,719 and net income was -$43.1 million, or -$1.10 per diluted share. That followed fiscal 2024, the year ended 2024-12-31, when revenue was $768,677 and net income was $15.7 million, or $0.07 per diluted share. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $59,333 and net income was -$9.3 million, or -$0.16 per diluted share. FairStock's revenue growth is -83.33% and profit growth is -84.50%. This is not a stable business. Trailing free cash flow is -$10.7 million, a -28.4% FCF yield, ROCE is -87.77%, and Altman Z is -36.08—all FairStock calculations. The P/E is -0.80 at the 2026-10-13 close, but negative earnings make it meaningless. The $37.8 million market cap towers over $353,719 of FY2025 revenue. FairStock calls it a TURNAROUND, a loss in the latest year after earlier profits. Turnarounds need cash and a proven edge. Here, the edge is unproven, cash flow is negative, and the FairStock Score is 14/100. Low beta 0.06 and Piotroski 5/9 do not offset the losses. At $0.64, versus a 52-week range of $0.58-$3.96, the price may look depressed, but cheapness must rest on assets and earning power, not hope. Without positive earnings or free cash flow, this is speculation, not value.

In plain English: Odyssey Marine Exploration looks for minerals on the seafloor, including metals for batteries and phosphate for fertilizer. The business is very small and lost $43.1 million in fiscal 2025, with negative cash flow in the latest trailing year. At $0.64 a share, the price is not supported by its tiny sales and losses, so it looks speculative rather than a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer