United Maritime Corp cash flow statement

In fiscal 2025, United Maritime Corp's operations generated $2.2m of cash; it spent $668,000 on capital projects, leaving free cash flow of $1.5m. It returned $1.1m in dividends and $204,000 through buybacks.

Cash flow statement

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

United Maritime Corp: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	8	−6	3	2
Depreciation and amortisation	2	9	10	8
Stock-based pay	3	3	1	0
Capital spending	81	82	0	1
Free cash flow	−73	−88	3	2
Free cash flow after stock pay	−76	−90	2	1
Dividends paid	—	9	3	1
Share buybacks	6	1	0	0

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from United Maritime Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to United Maritime Corp.