Odyssey Marine Exploration Inc shares closed at $11.30 on Friday, 30 October, their highest close in a year and 366.9% above the previous 52-week high of $2.42 set on 27 October 2025. The shares have risen 366.9% over the past year, excluding dividends.

What stands out

The decline in sales is deepening: revenue over twelve months fell 70.3%, a change of 4.7 percentage points for the worse on the rate a quarter earlier, leaving it higher than only 9% of the company's own past readings. The free-cash-flow margin of −7290.0% is below every past reading in the company's own record, which ran from −4446.7% to 109.1%. Alongside that, The operating margin of −11370.0% is below every past reading in the company's own record, which ran from −7302.9% to −48.1%.

The share price

Over the previous 52 weeks the shares closed between $0.51 and $2.42. Over longer periods the shares are up 205.4% over three years and up 87.7% over five years, excluding dividends.

Growth

Today's growth rate sits near the bottom of the company's own record. Revenue over the twelve months to Q2 2026 was $184,074, which fell 70.3% on the year before. That growth rate was down 4.7 percentage points on the rate a quarter earlier.

What the company earns

At the bottom line, the company is losing money. The trailing operating margin was negative, at −11370.0%, down 9616.5 percentage points from a year earlier. The trailing net margin was negative, at −21426.8%. The company made a net loss of $39.4 million over the twelve months.

The cash picture

Operating cash flow over the twelve months was −$13.4 million.

In context

Measured against its own history: today's free-cash-flow margin of −7290.0% is below every one of the company's own past quarterly readings, which have ranged from −4446.7% to 109.1%. Today's operating margin of −11370.0% is below every past reading (−7302.9% to −48.1%). Today's twelve-month revenue growth rate of −70.3% is higher than 9% of past readings (−96.3% to 521.5%).

What comes next

A 52-week high says where the market's price has gone, not why: the next results will show whether the trends in the filings above support it.