Odyssey Marine | 10-Q: FY2025 Q3 Revenue: USD 60.98 K

Revenue: As of FY2025 Q3, the actual value is USD 60.98 K.

EPS: As of FY2025 Q3, the actual value is USD -0.31.

EBIT: As of FY2025 Q3, the actual value is USD -784.64 K.

Segment Revenue

• Marine Services Revenue: $60,975 for the three months ended September 30, 2025, compared to $207,363 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $330,975 compared to $590,248 in 2024.

Operational Metrics

• Net Loss: For the three months ended September 30, 2025, the net loss was - $13,508,186, compared to a net income of $16,235,435 for the same period in 2024. For the nine months ended September 30, 2025, the net loss was - $31,063,337, compared to a net income of $13,427,676 in 2024.
• Operating Expenses: Total operating expenses for the three months ended September 30, 2025, were $2,191,683, compared to $3,082,064 for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $9,062,642, compared to $11,233,825 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $6,028,165 for the nine months ended September 30, 2025, compared to $2,411,075 provided by operating activities in 2024.
• Net Cash Used in Investing Activities: - $159,095 for the nine months ended September 30, 2025, compared to - $88,380 in 2024.
• Net Cash Provided by Financing Activities: $7,211,737 for the nine months ended September 30, 2025, compared to - $3,485,148 used in 2024.

Unique Metrics

• Litigation Financing: The fair value of litigation financing was $64,716,855 as of September 30, 2025, compared to $56,950,377 as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to generate new cash inflows through the monetization of equity stakes in seabed mineral companies, financings, syndications, or other partnership opportunities. The business plan for 2025 requires generating new cash inflows to perform planned projects.
• Non-Core Business: The company is involved in a joint venture with Capital Latinoamericano, S.A. de C.V. to develop a strategic fertilizer production project in Mexico, leveraging its expertise in subsea phosphate resource extraction.