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Stocks · Industrials · Water Transportation

United Maritime Corp

USEA Clue Score34
Marshall Islands Fiscal year ends December CIK 0001912847
$2.54 -4.15% Close, 9 Oct 2026
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Price $2.54 +0.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Jul 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue9.2Operating income40.5Net income37.5EPS, diluted4.92Fiscal year 2023Revenue4.3 −53.3%Operating income7.1Net income0.2 −99.4%EPS, diluted0.02 −99.6%Fiscal year 2024Revenue0.0 −100.0%Operating income4.8Net income−3.4 −1,630.8%EPS, diluted−0.39 −2,050.0%Fiscal year 2025Revenue5.4Operating income−0.5Net income−6.2EPS, diluted−0.70
FY2022FY2023FY2024FY2025
Revenue 9.2 4.3 0.0 5.4
Growth −53.3% −100.0%
Operating income 40.5 7.1 4.8 −0.5
Net income 37.5 0.2 −3.4 −6.2
Growth −99.4% −1,630.8%
EPS, diluted 4.92 0.02 −0.39 −0.70
Growth −99.6% −2,050.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin438.5%Net margin405.9%Free cash flow margin−789.9%Fiscal year 2023Operating margin164.1%Net margin5.1%Free cash flow margin−2,039.8%Fiscal year 2024Fiscal year 2025Operating margin−8.4%Net margin−113.6%Free cash flow margin28.3%
FY2022FY2023FY2024FY2025
Operating margin 438.5% 164.1% n/a −8.4%
Net margin 405.9% 5.1% n/a −113.6%
Free cash flow margin −789.9% −2,039.8% n/a 28.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow7.9Capital expenditure−80.8Free cash flow−73.0Buybacks−6.0Fiscal year 2023Operating cash flow−6.2Capital expenditure−81.7Free cash flow−88.0Buybacks−0.7Dividends paid−9.4Fiscal year 2024Operating cash flow3.3Capital expenditure−0.2Free cash flow3.0Buybacks−0.5Dividends paid−2.6Fiscal year 2025Operating cash flow2.2Capital expenditure−0.7Free cash flow1.5 −48.8%Buybacks−0.2Dividends paid−1.1
FY2022FY2023FY2024FY2025
Operating cash flow 7.9 −6.2 3.3 2.2
Capital expenditure −80.8 −81.7 −0.2 −0.7
Free cash flow −73.0 −88.0 3.0 1.5
Growth −48.8%
Buybacks −6.0 −0.7 −0.5 −0.2
Dividends paid n/a −9.4 −2.6 −1.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash54.7Total debt42.6Net cash (debt)12.1Shareholders’ equity64.6Debt to equity0.66Fiscal year 2023Cash13.8Total debt64.5Net cash (debt)−50.7Shareholders’ equity65.9Debt to equity0.98Fiscal year 2024Cash6.4Total debt78.8Net cash (debt)−72.3Shareholders’ equity60.1Debt to equity1.31Fiscal year 2025Cash14.2Total debt47.9Net cash (debt)−33.7Shareholders’ equity52.9Debt to equity0.91
FY2022FY2023FY2024FY2025
Cash 54.7 13.8 6.4 14.2
Total debt 42.6 64.5 78.8 47.9
Net cash (debt) 12.1 −50.7 −72.3 −33.7
Shareholders’ equity 64.6 65.9 60.1 52.9
Debt to equity 0.66 0.98 1.31 0.91

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
54.7 13.8 6.4 14.2
0.8 0.3 1.4 1.4
0.1 0.7 0.7 0.4
50.2 n/a n/a n/a
125.7 174.8 172.1 138.7
Growth +39.1% −1.6% −19.4%
Liabilities
7.5 8.7 17.7 14.3
35.1 55.8 61.1 33.6
calc 42.6 64.5 78.8 47.9
61.1 108.9 112.0 82.2
Equity
29.4 27.0 20.9 13.5
64.6 65.9 60.1 52.9
Growth +2.0% −8.8% −11.9%
Per share and net cash
calc 12.1 −50.7 −72.3 −33.7
8.2 8.7 8.8 9.1
calc 7.89 7.58 6.79 5.83

Lines marked calc are worked out here from filed figures; point at one for how.