Odyssey Marine Exploration Inc balance sheet

At the end of fiscal 2025, Odyssey Marine Exploration Inc had total assets of $15.8m, total liabilities of $91.4m and shareholders' equity of −$37.6m. It held $3.5m in cash against $0 of debt: net cash of $3.5m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Odyssey Marine Exploration Inc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	2	0	8	10	21	3	2	2	1	3	0	6	2	1	4	5	4	1
Receivables	—	2	1	2	0	6	1	0	0	1	0	0	0	0	0	0	0	0
Inventory	—	0	1	0	0	1	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	4	10	14	34	11	4	3	2	5	1	7	3	4	5	6	4	2
Total assets	—	19	23	27	51	25	7	5	3	5	5	12	9	14	23	18	16	12
Accounts payable	—	2	1	2	3	5	2	1	2	3	6	1	2	2	0	1	1	3
Deferred revenue (current)	—	1	4	3	2	—	0	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	19	19	39	28	19	25	27	33	42	51	54	53	42	31	22	12	28
Long-term debt	—	—	10	16	12	16	3	4	3	—	—	—	—	—	—	—	—	—
Total debt	0	0	10	16	12	16	3	4	3	—	0	0	0	0	0	0	0	0
Total liabilities	—	23	33	48	38	35	32	36	41	47	59	70	71	103	109	98	91	96
Shareholders' equity	8	−8	−10	−21	13	−10	−16	−19	−23	−22	−29	−28	5	−44	−32	−16	−38	−46
Non-controlling interests and other (assets − liabilities − equity)	—	4	—	—	—	—	−9	−12	−15	−19	−24	−30	−67	−44	−53	−63	−38	−38
Net debt (negative = net cash)	−2	−0	3	6	−9	13	1	3	2	−3	−0	−6	−2	−1	−4	−5	−4	−1
Shares outstanding	—	—	—	—	—	7m	8m	8m	8m	9m	9m	13m	14m	20m	20m	29m	—	2m

US$ millions unless shown otherwise. Fiscal quarters.

Odyssey Marine Exploration Inc: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	0	0	0	0	0	0	0	0
Total current assets	6	3	4	6	4	3	3	2
Total assets	18	16	17	18	16	13	13	12
Accounts payable	1	1	1	1	1	2	5	3
Total current liabilities	22	23	31	16	12	13	25	28
Total liabilities	98	95	107	101	91	84	93	96
Shareholders' equity	−16	−14	−53	−45	−38	−33	−42	−46
Non-controlling interests and other (assets − liabilities − equity)	−63	−65	−37	−38	−38	−38	−38	−38
Shares outstanding	29m	29m	32m	50m	2m	58m	59m	2m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Odyssey Marine Exploration Inc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Odyssey Marine Exploration Inc.