OMEX Odyssey Marine Exploration, Inc. - Common Stock

NASDAQ · Commercial Services & Supplies · View on SEC EDGAR ↗
$0.85
Price · Aug 19, 2026
Fundamentals as of Aug 11, 2026

About Odyssey Marine Exploration, Inc. - Common Stock Company overview from Wikipedia

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Its work has been featured on the Discovery Channel, PBS and National Geographic.

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Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Its work has been featured on the Discovery Channel, PBS and National Geographic.

Mineral exploration

In 2009, Odyssey announced it acquired a minority interest in SMM Project LLC., a company with licenses to explore in four different areas in the South Pacific. This marked the beginning of Odyssey’s transition into a mineral exploration company.

Odyssey later executed a charter agreement with Chatham Rock Phosphate to undertake site investigation work for its offshore permit area on the Chatham Rise. Odyssey also owns a minority ownership stake in Neptune Minerals, a company focused on discovering and commercializing high-value mineral deposits from the ocean floor.

In March 2013, Odyssey disclosed an ownership interest in Oceanica Resources, S. de R.L., and Exploraciones Oceanicas, S. de R.L. de C.V. (“ExO”), a subsidiary of Oceanica. ExO conducts mineral exploration and controls exclusive permits in an area in Mexican waters that contains a large amount of phosphate mineralized material. According to its latest financial report, Odyssey Marine Exploration controls ExO through the company's majority ownership stake in Oceanica. Odyssey performed all of the exploration to find and validate the mineralized phosphate deposit and is managing the environmental studies, including an NI 43-101 report in 2014, and environmental permit application process with ExO. The current resource assessment defines the deposit as containing 588.3 million tonnes of phosphate ore with an average in situ P2O5 of 18.1%, overburden of 1.14 meters and ore thickness of 2.80 meters. This makes it one of the largest phosphate deposits to be discovered in the world.

In July 2019, Odyssey acquired a nearly 80% ownership interest in Bismarck Mining Corporation, a company that owns an exploration license for 320 square kilometers containing at least five exploration targets in two different mineralization types (seamount-related epithermal and modern placer gold). The license area is adjacent to Lihir Island in Papua New Guinea where one of the world’s largest known terrestrial gold deposits is currently being mined and processed by Newcrest.

In 2020, Odyssey announced it is invested in CIC and provides marine services to the project. The company holds a 15% stake in CIC. On February 23, 2022, CIC was awarded a five-year exploration license by the Cook Islands’ Seabed Mineral Authority (SBMA). Environmental research expedition details are being finalized and operations are expected to begin within the second quarter of 2022.

On June 4, 2023, Odyssey also invested in Ocean Minerals LLC (OML). Moana Minerals Limited, a wholly owned subsidiary of OML, holds a five-year exploration license from the Cook Islands Seabed Minerals Authority (SBMA) granted in 2022 to explore polymetallic nodules within the Cook Islands’ Exclusive Economic Zone (EEZ).

According to the company’s website, they have various additional projects in development for other mineral deposits in various jurisdictions around the world.

History

Odyssey was founded in 1994 by shipwreck exploration pioneers Greg Stemm and John Morris.

Between 1998 and 2001, Odyssey Marine Exploration searched for HMS Sussex and stated that it believed it had located the shipwreck off Gibraltar at a depth of 821 metres. The English ship sank in a storm in 1694 during the War of the Grand Alliance as it was transporting 10 tons of gold coins to buy the allegiance of the Duke of Savoy, Victor Amadeus II, against France.

Odyssey’s first big treasure discovery came in 2003 when they found the Civil War-Era shipwreck of Republic. An extensive archaeological excavation was conducted that included a pre-disturbance survey and around 2,500 underwater high-resolution images captured and used to create a photomosaic of the entire site. Over 51,000 gold and silver coins were recovered from the site as well as 14,000 artifacts. Six archaeological reports were written about the shipwreck project and two books were published, Lost Gold of the Republic and Bottles from the Deep. PBS and National Geographic also aired documentaries on the discovery.

The company has also discovered several less famous shipwrecks of archaeological importance including one code-named “Blue China” a 19th Century trading vessel found in 2005 during the company’s search for the Republic. When Odyssey returned to the site in 2005, an extensive amount of post-wreck destruction caused by modern fishing trawl nets dragged over the site was noted. The company moved forward with creating a photomosaic and recovering the remaining artifacts before further destruction occurred.

In December 2005, Odyssey began an archaeological investigation of the site believed to be HMS Sussex. The company adhered to the project plan submitted and accepted by the Sussex Archaeological Executive, a committee of archaeological consultants approved by the UK Government. As of 2009, Odyssey had completed Phase 1A (the non-disturbance survey) and a substantial portion of Phase 1B (trial excavation of the site believed to be HMS Sussex) to the satisfaction of the UK Government.

In early June 2006, Odyssey provided clarification to Spain's Ministry of Foreign Affairs through the offices of the embassy of the United Kingdom and awaited final comments on the plan before resuming operations on the shipwreck believed to be that of the Sussex. In March 2007, Andalusia gave its assent for the excavation to start with the condition that Spanish archaeologists take part in order to ascertain that the shipwreck to be excavated was indeed the Sussex and not a Spanish vessel. While waiting for Andalusia to appoint an archaeologist to participate in the Sussex expedition, the company began operations on the "Black Swan" excavation. In 2009, Odyssey Marine Exploration published an archaeological report on the Sussex project and the groundbreaking work they had completed to date.

"Black Swan" controversy

In May 2007, the company announced the recovery of 17 tons of mainly silver and some gold coins from a site in an undisclosed location in international waters, which the company code-named the "Black Swan". Some believed that the shipwreck could be the Spanish frigate Nuestra Señora de las Mercedes, which exploded and sank in the action of 5 October 1804, but no definitive shipwreck hull or unique cargo was discovered to conclusively prove the theory.

Following the discovery, Odyssey brought the coins and artifacts recovered into the jurisdiction of the United States Federal Court by filing an admiralty arrest pursuant to admiralty law. At that time, the Spanish government claimed that they believed the site was in Spanish territorial waters. The Spanish Government has since conceded that claim and sought to claim the discovered treasure based on their belief that the Nuestra Señora de las Mercedes should be afforded sovereign immunity.

On July 12, 2007, the Civil Guard seized the Odyssey Marine Exploration research vessel Ocean Alert 3.5 nautical miles (6 km) off the European coast. The Spanish Civil Guard claims to be responsible for customs control and European Union borders in this region, under the EU Schengen Agreement. This, however, is disputed by the Government of Gibraltar and the UK Government who claim that the ship was detained in international waters near Gibraltar and that Spain therefore had no legal authority to board the vessel without the express consent of the flag state of the ship—in this case, Panama. The Gibraltar Government stated that although this was a matter for the Government of Panama, they are "concerned that international shipping using Gibraltar port should be interfered with in this way in international waters." The ship was ordered to sail to the Spanish port of Algeciras to undergo a search and inspection. Issues include the value and cultural significance of the shipwreck and the disputed status of Gibraltar between the UK and Spain. Panama is also involved because Odyssey's vessel is flagged there. In 2010, Odyssey's Captain Sterling Vorus was cleared of all charges by a court in Algeciras, Spain, relating to the blockade and boarding of the Odyssey Explorer. The Spanish court ruled that Spanish officials did not have proper authorization to board or search Odyssey's ship in 2007.

In January 2011, Odyssey Marine claimed that the language used in recently leaked diplomatic cables showed that the US State Department had been involved with negotiations to assist the Spanish government in receiving the treasure in exchange for the return of allegedly stolen artwork to a US private citizen. The US State Department declined comment while Spain denied Odyssey Marine's claim. The Department of State's Office of Inspector General subsequently investigated the charges in response to a request by Representative Kathy Castor of Florida. In March 2011, it determined that it could find no evidence of a connection between the Black Swan case and the negotiations for the return of the artwork in question (a Pissarro painting).

A U.S. federal judge awarded the treasure to Spain in December 2009, on the ground that the ship remained the property of Spain, but Odyssey appealed the ruling. Finally, after a five-year legal battle, in February 2012 the U.S. Supreme Court ordered Odyssey Marine to relinquish the treasure to Spanish authorities. Spain's culture minister indicated the treasure would be divided among several national museums. In September 2013, a U.S. district judge further ruled that Odyssey had acted in "bad faith" and engaged in "abusive litigation", should have recognized Spain's right, and should thus reimburse $1 million in Spain's attorneys fees. Odyssey then issued a statement recognizing that this case was unusual since it was the first time a court has made an order without accepting jurisdiction but that the court ruling has clarified the applicable law, which Odyssey is committed to respecting.

Gairsoppa discovery and beyond

In 2009, Odyssey Marine Exploration's searches were the subject of the Discovery Channel program, Treasure Quest. The program revealed that Odyssey discovered Admiral Balchin’s long-lost HMS Victory shipwreck that had eluded explorers for 265 years.

In 2011, Odyssey announced it discovered the shipwreck site of Gairsoppa, a steel-hulled British cargo steamship that was in the service of the United Kingdom Ministry of War Transport and sunk by a German U-boat on February 16, 1941, approximately 300 miles southwest of Galway, Ireland. Odyssey discovered the site at a depth of 4700 meters with the recovery of 61 tons of silver. Through a two year expedition, they recovered over 110 tons of silver ingots. The expedition was the subject of a three part Discovery Channel docuseries called Silver Rush. In addition to silver, 717 letters, the largest collection of mail found on any shipwreck worldwide, was recovered and archaeologically conserved from the shipwreck and are now on display at the Postal Museum in the UK.

In 2014, Odyssey Marine Exploration was selected to salvage gold from the 1857 shipwreck of Central America. The expedition led to the recovery of more than 15,500 gold and silver coins, 45 gold bars and hundreds of other gold nuggets, gold dust, jewelry and artifacts.

In December 2015, Odyssey announced the sale of part of its assets to a company called Monaco Financial for $21 million. This capital allowed the company to reimburse a $11.7 million bank debt. Sold assets included the company's headquarters building in Florida, 50% of underwater mining business Neptune Minerals, and a profit-sharing agreement on future shipwreck salvages. CEO Mark Gordon also stated that the company would refocus on underwater mining, while shipwreck exploration would remain "part of the mix".

Artifacts recovered by Odyssey Marine Exploration are displayed in venues across the world, including a Virtual Museum, which is free to the public. The SHIPWRECKED Treasure Museum in Branson, MO, is home to over 500 artifacts recovered by Odyssey from different shipwrecks. Pirates Treasure Museum in St Thomas, USVI, also houses many of the artifacts recovered by Odyssey.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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OMEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$0.85
Market Cap
P/E (TTM)
-1.8
EPS (TTM)
$-1.10
Revenue (TTM)
$353.7K
Div Yield
ROE
Debt/Equity
52W Range
$1 – $4

OMEX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $353.7K
8-point trend, -89.2%
2018-12-31 2025-12-31
EPS $-1.10
6-point trend, +22.0%
2020-12-31 2025-12-31
Free Cash Flow
4-point trend, +108.6%
2018-12-31 2024-12-31
Margins

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
OMEX
Peer Median
P/E (TTM)
5-point trend, +74.3%
-1.8
28.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
OMEX
Peer Median

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
OMEX
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
OMEX
Peer Median
Revenue YoY
5-point trend, -61.6%
-54.0%
Revenue CAGR 3Y
5-point trend, -61.6%
24.4%
Revenue CAGR 5Y
5-point trend, -61.6%
-29.5%
EPS YoY
5-point trend, -46.7%
-74.1%
Net Income YoY
5-point trend, -332.7%
192.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
OMEX
Peer Median
EPS (Diluted)
5-point trend, -46.7%
$-1.10

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
OMEX
Peer Median

OMEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 7 analysts
  • Strong Buy 2 28.6%
  • Buy 4 57.1%
  • Hold 1 14.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.56%
Period EPS Actual EPS Est Surprise
March 31, 2016 $0.01 $-0.63 0.64%
Dec. 31, 2015 $0.33 $-0.73 1.1%
Sept. 30, 2015 $-0.60 $-0.61 0.01%
June 30, 2015 $-0.84 $-0.86 0.02%
March 31, 2015 $0.33 $-0.73 1.1%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
OMEX -1.8 -54.0%
HCSG $1.33B 23.6 7.1% 3.2% 12.0%
LQDT $1.02B 31.5 31.2% 5.9% 14.1% 43.8%
ACVA $1.39B -20.6 19.2% -8.7% -15.1%
CVEO $261M -14.4 -6.3% -3.1% -9.8% 23.6%
BAER

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -73.3% $353.7K $768.7K $803.8K $183.9K $921.2K $2M $3M $3M $1M $5M $5M $1M
Cost of Revenue 2-point trend, +485.8% · · · · · · · · · · $1M $247.1K
SG&A Expense 12-point trend, +12.1% $11M $10M $7M $9M $6M $4M $5M $6M $6M $8M $11M $10M
Operating Expenses 12-point trend, -53.3% $14M $13M $11M $19M $16M $15M $13M $9M $10M $15M $27M $30M
Operating Income 12-point trend, +52.4% $-13M $-12M $-10M $-18M $-15M $-13M $-10M $-6M $-8M $-11M $-22M $-28M
Interest Expense 10-point trend, +223.0% · · $5M $2M $11M $7M $5M $3M $3M $2M $5M $2M
Interest Income 9-point trend, +106474.1% $119.4K $169.4K $412.6K $96.5K $4.0K $5.1K $151 $56.4K $112 · · ·
Other Non-op 12-point trend, -1225.8% $-1M $1M $-2M $-164.6K $4M $-36.2K $819.5K $48.8K $63.1K $467.4K $388.6K $104.9K
Pretax Income 12-point trend, -66.3% $-48M $6M $-4M $-30M $-16M $-21M $-15M $-9M $-11M $-9M $-21M $-29M
Income Tax 12-point trend, +100.0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $-481.1K
Net Income 12-point trend, -62.8% $-43M $16M $5M $-22M $-10M $-15M $-10M $-5M $-8M $-6M $-18M $-26M
EPS (Basic) 6-point trend, +22.0% $-1.10 $0.75 $0.27 $-1.28 $-0.75 $-1.41 · · · · · ·
EPS (Diluted) 6-point trend, +22.0% $-1.10 $0.07 $0.27 $-1.28 $-0.75 $-1.41 · · · · · ·
Shares (Basic) 12-point trend, +455.0% 39,254,985 20,977,521 19,943,633 17,310,915 13,296,687 10,538,114 9,346,213 8,583,795 8,209,539 7,564,082 7,413,602 7,072,553
Shares (Diluted) 8-point trend, +455.0% 39,254,985 28,376,949 20,118,877 17,310,915 13,296,687 10,538,114 · · · · 7,413,602 7,072,553
EBITDA 8-point trend, +57.4% · $-12M $-10M $-17M · $-13M · $-6M · $-11M $-22M $-28M
Balance Sheet 22
Annual Balance Sheet data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +11.8% $4M $5M $4M $1M $2M $6M $213.4K $3M $1M $2M $2M $3M
Receivables 12-point trend, -99.0% $67.3K $285.8K $110.3K $7.5K $268.9K $160.3K $421.6K $789.4K $232.4K $473.8K $801.6K $6M
Inventory · · · · · · · · · · · $675.0K
Prepaid Expense 12-point trend, -83.9% $104.7K $83.4K $119.8K $73.0K $732.6K $582.3K $584.8K $478.6K $471.7K $582.6K $497.1K $650.2K
Other Current Assets 12-point trend, +17.8% $772.6K $683.6K $743.4K $683.6K $776.6K $587.4K $589.8K $1M $495.5K $609.5K $502.7K $655.7K
Current Assets 12-point trend, -62.0% $4M $6M $5M $4M $3M $7M $1M $5M $2M $3M $4M $11M
PP&E (Net) 12-point trend, -93.4% $474.8K $534.0K $524.7K $3M $479.1K $614.8K $756.8K $118.0K $593.8K $2M $3M $7M
PP&E (Gross) 12-point trend, -97.4% $770.0K $1M $2M $3M $6M $7M $11M $11M $17M $18M $22M $30M
Accum. Depreciation 12-point trend, -98.7% $295.2K $771.3K $1M $5M $6M $7M $11M $11M $16M $16M $20M $22M
Other Non-current Assets 11-point trend, -97.3% $34.3K $34.3K $34.3K $34.3K $34.3K $41.8K $26.8K · $532.5K $532.5K $540.6K $1M
Total Assets 12-point trend, -36.9% $16M $18M $23M $14M $9M $12M $5M $5M $3M $5M $7M $25M
Accounts Payable 12-point trend, -84.8% $770.8K $748.4K $345.4K $2M $2M $1M $6M $3M $2M $1M $2M $5M
Accrued Liabilities 12-point trend, +312.3% $10M $9M $8M $18M $40M $21M $13M $10M $7M $5M $4M $2M
Current Liabilities 12-point trend, -38.7% $12M $22M $31M $42M $53M $54M $51M $42M $33M $27M $25M $19M
Capital Leases 5-point trend, -100.0% · · $0 $129.1K $315.8K $479.0K $621.0K · · · · ·
Total Liabilities 12-point trend, +157.5% $91M $98M $109M $103M $71M $70M $59M $47M $41M $36M $32M $35M
Long-term Debt 4-point trend, -80.8% · · · · · · · · $3M $4M $3M $16M
Common Stock 12-point trend, -34.8% $5.6K $2.9K $2.0K $2.0K $1.4K $1.3K $948 $922 $847 $772 $754 $8.6K
Retained Earnings 12-point trend, -59.8% $-324M $-280M $-296M $-301M $-275M $-265M $-250M $-240M $-235M $-227M $-221M $-202M
Stockholders' Equity 12-point trend, -261.9% $-38M $-16M $-32M $-44M $-26M $-28M $-29M $-22M $-23M $-19M $-16M $-10M
Liabilities + Equity 12-point trend, -36.9% $16M $18M $23M $14M $9M $12M $5M $5M $3M $5M $7M $25M
Shares Outstanding 12-point trend, +682.0% 55,771,913 28,825,333 20,420,896 19,540,310 14,309,315 12,591,084 9,478,009 9,222,199 8,466,909 7,718,366 7,541,111 7,131,875
Cash Flow 14
Annual Cash Flow data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Stock-based Comp 12-point trend, -90.0% $222.1K $2M $585.7K $2M $1M $420.6K $55.2K $278.9K $725.9K $2M $3M $2M
Deferred Tax Flat — no change across 10 periods · · $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Operating Cash Flow 12-point trend, +69.0% $-9M $642.3K $-10M $-10M $-5M $-9M $-5M $-6M $-6M $-8M $-17M $-29M
CapEx 11-point trend, -99.5% $16.1K $84.3K $1M $1M $19.1K $0 $15.5K $9.6K · $129.7K $48.4K $3M
Investing Cash Flow 10-point trend, -346.9% $-173.6K $-84.3K $-1M $-2M $323.0K $0 $-15.5K $994.0K $80.0K $70.3K · ·
Debt Issued 11-point trend, -100.0% · $0 $21M $2M $1M $4M $3M $2M $6M $8M $17M $18M
Net Debt Issued 8-point trend, -100.0% · $0 $21M $2M · $4M · $2M · $8M $17M $18M
Stock Issued 8-point trend, +68.2% $8M $4M $239.3K $17M $0 $11M $0 $5M · · · ·
Net Stock Activity 5-point trend, -14.6% · $4M $239.3K $17M · $11M · $5M · · · ·
Financing Cash Flow 10-point trend, +1.2% $8M $212.0K $14M $12M $1M $15M $3M $7M $5M $8M · ·
Net Change in Cash 12-point trend, +93.0% $-1M $770.0K $3M $-831.3K $-4M $6M $-3M $2M $-554.5K $-578.7K $-902.2K $-18M
Taxes Paid $0 · · · · · · · · · · ·
Free Cash Flow 7-point trend, +101.8% · $558.0K $-12M $-11M · · · $-6M · $-8M $-17M $-32M
Levered FCF 4-point trend, +49.9% · · $-17M $-25M · · · $-10M · · · $-33M
Profitability 7
Annual Profitability data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 8-point trend, +26.7% · -1561.8% -110834.8% -1277.0% · -619.9% · -185.2% · -225.3% -403.8% -2131.2%
Net Margin 8-point trend, +201.8% · 2037.0% 57315.5% -1733.8% · -726.7% · -157.9% · -134.9% -341.6% -2001.2%
Pretax Margin 8-point trend, +136.9% · 812.7% -41649.0% -2313.9% · -1034.8% · -277.9% · -193.8% -398.7% -2203.0%
EBITDA Margin 8-point trend, +26.7% · -1561.8% -110834.8% -1277.0% · -619.9% · -185.2% · -225.3% -403.8% -2131.2%
ROA 8-point trend, +209.8% · 75.9% 25.8% -174.8% · -173.3% · -122.5% · -105.3% -113.8% -69.2%
ROE 8-point trend, +96.6% · -64.3% -18.6% 79.3% · 52.0% · 23.2% · 35.9% 101.3% -1889.4%
ROIC 6-point trend, -72.3% · 73.9% 31.8% 52.7% · 45.7% · 27.7% · · · 266.5%
Liquidity & Solvency 3
Annual Liquidity & Solvency data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 8-point trend, -57.4% · 0.3 0.2 0.1 · 0.1 · 0.1 · 0.1 0.1 0.6
Quick Ratio 8-point trend, -55.3% · 0.2 0.1 0.0 · 0.1 · 0.1 · 0.1 0.1 0.5
Interest Coverage 7-point trend, +88.6% · · -2.1 -1.2 · -1.8 · -1.9 · -4.4 -4.7 -18.1
Efficiency 3
Annual Efficiency data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 8-point trend, +7.8% · 0.0 0.0 0.1 · 0.2 · 0.8 · 0.8 0.3 0.0
Inventory Turnover · · · · · · · · · · · 0.5
Receivables Turnover 8-point trend, +880.4% · 3.9 0.1 9.7 · 7.0 · 6.4 · 7.3 1.5 0.4
Per Share 5
Annual Per Share data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 8-point trend, -363.5% · $-0.56 $-1.59 $-1.66 · $-2.19 · $-2.59 · $-2.46 $-3.39 $-0.12
Revenue / Share 5-point trend, +73.7% · $0.03 $0.00 $0.08 · · · · · · $0.72 $0.02
Cash Flow / Share 5-point trend, +106.7% · $0.02 $-0.51 $-0.53 · · · · · · $-2.32 $-0.34
Cash / Share 8-point trend, +352.9% · $0.17 $0.20 $0.07 · $0.49 · $0.33 · $0.22 $0.30 $0.04
EPS (TTM) 12-point trend, -307.4% $-1.10 $0.07 $0.27 $-1.28 $-0.75 $-1.41 $-1.03 $-0.71 $-1.06 $-1.12 $-2.88 $-0.27
Growth Rates 5
Annual Growth Rates data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +1.5% -54.0% -4.4% 337.0% -80.0% -54.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +191.3% 24.4% -5.9% -26.7% · · · · · · · · ·
Revenue CAGR 5Y -29.5% · · · · · · · · · · ·
EPS YoY · -74.1% · · · · · · · · · ·
Net Income YoY · 192.9% · · · · · · · · · ·
Valuation (TTM) 9
Annual Valuation (TTM) data for OMEX
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -73.3% $353.7K $768.7K $803.8K $183.9K $921.2K $2M $3M $3M $1M $5M $5M $1M
Net Income TTM 12-point trend, -62.8% $-43M $16M $5M $-22M $-10M $-15M $-10M $-5M $-8M $-6M $-18M $-26M
Market Cap 8-point trend, -97.8% · $21M $95M $76M · $89M · $28M · $26M $24M $955M
P/E 12-point trend, +95.7% -1.8 10.3 17.2 -3.0 -6.9 -5.0 -3.1 -4.7 -3.6 -3.1 -1.1 -41.3
P/S 8-point trend, -96.3% · 27.0 118.1 412.2 · 43.9 · 8.6 · 5.6 4.6 722.0
P/B 8-point trend, +98.6% · -1.3 -2.9 -2.3 · -3.2 · -1.3 · -1.4 -1.0 -91.8
P / Cash Flow 8-point trend, +196.6% · 32.3 -9.3 -8.2 · -9.6 · -4.4 · -3.2 -1.4 -33.4
P / FCF 7-point trend, +222.8% · 37.2 -8.2 -7.2 · · · -4.4 · -3.1 -1.4 -30.3
Earnings Yield 12-point trend, -2219.0% -56.1% 9.7% 5.8% -33.0% -14.4% -19.9% -32.3% -21.3% -28.1% -32.8% -88.9% -2.4%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312023-09-302022-12-31
Revenue $353.7K$768.7K$803.8K$183.9K
Operating Margin % -1561.8%-110834.8%-1277.0%
Net Income $-43M$16M$5M$-22M
Diluted EPS $-1.10$0.07$0.27$-1.28
Balance Sheet
2025-12-312024-12-312023-12-312023-09-302022-12-31
Current Ratio 0.30.20.1
Quick Ratio 0.20.10.0
Cash Flow
2025-12-312024-12-312023-12-312023-09-302022-12-31
Free Cash Flow $558.0K$-12M$-11M

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Institutional owners (13F) 72 filers · $29.7M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
18 (-2 vs prior Q) 15 (+2 vs prior Q) 14 (+1 vs prior Q) 13 (-2 vs prior Q) +1.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
CITADEL ADVISORS LLC $14,668,411 4,036,680 49.31% Shares
Two Seas Capital LP $4,756,274 5,592,985 15.99% Shares
Old West Investment Management, LLC $3,829,073 4,502,674 12.87% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,035,363 2,394,545 6.84% Shares
Jefferies Financial Group Inc. $1,275,600 1,500,000 4.29% Shares
GEODE CAPITAL MANAGEMENT, LLC $415,230 487,994 1.40% Shares
VANGUARD FIDUCIARY TRUST CO $254,622 299,555 0.86% Shares
STATE STREET CORP $195,432 229,812 0.66% Shares
WOLVERINE TRADING, LLC $174,912 91,100 0.59% Call option
CITADEL ADVISORS LLC $168,889 198,600 0.57% Call option
XTX Topco Ltd $146,136 171,844 0.49% Shares
Stonegate Investment Group, LLC $140,530 72,066 0.47% Shares
L. Roy Papp & Associates, LLP $129,653 152,461 0.44% Shares
GROUP ONE TRADING LLC $126,232 148,438 0.42% Shares
NORTHERN TRUST CORP $104,975 123,442 0.35% Shares
Rockefeller Capital Management L.P. $99,283 116,749 0.33% Shares
WOLVERINE TRADING, LLC $96,192 50,100 0.32% Put option
VOISARD ASSET MANAGEMENT GROUP, INC. $91,844 108,000 0.31% Shares
Caprock Group, LLC $89,411 105,140 0.30% Shares
BlackDiamond Wealth Management, LLC $87,650 100,000 0.29% Shares
JANE STREET GROUP, LLC $82,574 97,100 0.28% Call option
CITADEL ADVISORS LLC $72,964 85,800 0.25% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $68,425 80,500 0.23% Call option
TWO SIGMA INVESTMENTS, LP $67,594 79,485 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $66,385 78,100 0.22% Put option
VANGUARD GROUP INC $52,671 26,873 0.18% Shares
BBR PARTNERS, LLC $51,548 60,616 0.17% Shares
JANE STREET GROUP, LLC $46,883 55,130 0.16% Shares
JANE STREET GROUP, LLC $37,928 44,600 0.13% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $27,322 32,128 0.09% Shares
SIMPLEX TRADING, LLC $26,450 31,104 0.09% Shares
Foundations Investment Advisors, LLC $24,024 28,250 0.08% Shares
SLT Holdings LLC $24,024 28,250 0.08% Shares
Vanguard Global Advisers, LLC $22,842 26,873 0.08% Shares
Apollon Wealth Management, LLC $19,258 22,646 0.06% Shares
JPMORGAN CHASE & CO $16,347 18,576 0.05% Shares
CARY STREET PARTNERS FINANCIAL LLC $16,158 19,000 0.05% Shares
Concurrent Investment Advisors, LLC $14,457 17,000 0.05% Shares
TD Waterhouse Canada Inc. $12,300 15,000 0.04% Shares
LPL Financial LLC $12,283 14,444 0.04% Shares
Private Advisor Group, LLC $11,601 13,642 0.04% Shares
5th Street Advisors, LLC $11,584 13,621 0.04% Shares
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors $10,630 12,500 0.04% Shares
BlackRock, Inc. $10,331 12,148 0.03% Shares
Kestra Advisory Services, LLC $9,002 10,586 0.03% Shares
GenTrust, LLC $8,825 10,378 0.03% Shares
Tower Research Capital LLC (TRC) $8,600 10,113 0.03% Shares
Focus Partners Wealth $8,504 10,000 0.03% Shares
Continuum Advisory, LLC $4,726 5,557 0.02% Shares
MORGAN STANLEY $4,134 4,861 0.01% Shares
Arax Advisory Partners $3,402 4,000 0.01% Shares
UBS Group AG $1,623 1,909 0.01% Shares
BARCLAYS PLC $861 1,013 0.00% Shares
Farther Finance Advisors, LLC $850 1,000 0.00% Shares
Parkside Financial Bank & Trust $843 1,010 0.00% Shares
Integrated Wealth Concepts LLC $596 701 0.00% Shares
Global Retirement Partners, LLC $485 570 0.00% Shares
SBI Securities Co., Ltd. $482 567 0.00% Shares
BNP PARIBAS FINANCIAL MARKETS $462 543 0.00% Shares
HARBOUR INVESTMENTS, INC. $434 510 0.00% Shares
Truvestments Capital LLC $425 500 0.00% Shares
MERCER GLOBAL ADVISORS INC /ADV $170 200 0.00% Shares
FIDUCIARY FINANCIAL ADVISORS $64 75 0.00% Shares
OSAIC HOLDINGS, INC. $42 50 0.00% Shares
Darwin Wealth Management, LLC $35 42 0.00% Shares
Silicon Valley Capital Partners $8 9 0.00% Shares
FINANCIAL CONSULATE, INC $8 9 0.00% Shares
Caitong International Asset Management Co., Ltd $1 1 0.00% Shares
WELLS FARGO & COMPANY/MN $1 1 0.00% Shares
AlphaMark Advisors, LLC $0 200 0.00% Shares
Avion Wealth $0 875 0.00% Shares
ROYAL BANK OF CANADA $0 500 0.00% Shares

Company insiders 27 insiders · 5 officers · 8 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Mark Gordon Chief Executive Officer June 30, 2026 M 635,263 0 6 $-632,846
Christopher Emlyn Jones Chief Financial Officer Dec. 9, 2022 A 1,997 0 0 $0
John D Longley Jr President & COO June 30, 2026 M 154,480 0 3 $-944,700
Laura Lionetti Barton Chief Business Officer Dec. 9, 2022 A 7,500 0 0 $0
Jay Nudi PAO/Treasurer April 30, 2022 M 97,826 0 0 $0
Larissa Tiffany Pommeraud Director June 1, 2026 M 101,970 0 0 $0
Mark B Justh Director June 1, 2026 M 879,207 0 0 $0
Jon D Sawyer Director June 1, 2026 M 108,926 0 0 $0
Todd E Siegel Director June 1, 2026 M 166,377 0 0 $0
John Abbott Director April 6, 2023 S 0 0 0 $0
James S Pignatelli Director March 6, 2023 J 64,348 0 0 $0
James E Macdougald 10% owner Sept. 24, 2004 S 3,594,008 0 0 $0
Gallardo Juan Antonio Carlos Cortina July 31, 2025 X 3,931,466 0 0 $0
Max H Cohen Jan. 3, 2012 A 6,159 0 0 $0
Michael J Holmes Jan. 3, 2012 A 121,496 0 0 $0
Bradford B Baker Jan. 3, 2012 A 57,624 0 0 $0
David J Saul Jan. 3, 2012 A 834,232 0 0 $0
Gregory P Stemm Jan. 3, 2012 A 998,069 0 0 $0
David A Morris Jan. 3, 2012 A 386,018 0 0 $0
David J Bederman March 7, 2011 A 91,230 0 0 $0
George Knutsson Jan. 2, 2009 A 136,500 0 0 $0
George Lackman Jan. 31, 2008 M 132,250 0 0 $0
John C Morris Dec. 13, 2007 M 1,546,162 0 0 $0
George J Becker JR May 30, 2007 M 28,400 0 0 $0
Davis D Howe Jan. 25, 2007 A 19,259 0 0 $0
Michael V Barton May 5, 2006 A 82,000 0 0 $0
Henri F Delauze April 2, 2004 M 225,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 13 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Two Seas Capital LP, Two Seas Capital GP LLC, Sina Toussi April 13, 2026 9.99% Initial filing M&A / sale SEC
Epsilon Acquisitions LLC (2), Alonso Ancira (2) Aug. 31, 2021 Initial filing SEC
Epsilon Acquisitions LLC (, Alonso Ancira (2) Aug. 16, 2017 Initial filing SEC
Alonso Ancira (2) Feb. 17, 2017 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person May 10, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 4, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 4, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 28, 2004 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 23, 2004 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 23, 2004 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Nov. 20, 2003 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Oct. 25, 2001 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 9, 2001 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 3 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
IWC · iShares Trust Aug. 18, 2026 Daily