USEA

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United Maritime Corp.

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Key Metrics

Previous Close: $2.71
52-Week Range: $1.42 – $2.91
Market Cap: $25.85M
P/E (TTM): —
EPS (TTM): -0.20
Dividend Yield: 14.71%

Advanced Metrics

Price/Book: 0.44
PEG Ratio: —
Return on Equity: -2.97%
Return on Assets: 1.23%
Gross Margin: 49.05%
Operating Margin: 18.80%
Profit Margin: -4.89%
Current Ratio: 0.95
Debt/Equity: 1.77
Total Debt: $94.22M
Free Cash Flow: $-4.36M
Revenue Growth: -19.90%
Earnings Growth: 3.60%
Enterprise Value: $108.79M

USEA Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$22.78M	$36.07M	$45.44M	$37.78M
Cost of Revenue	$12.33M	$32.81M	$34.95M	$31.54M
Gross Profit	$10.46M	$3.26M	$10.49M	$6.25M
Selling, General & Admin	$5.52M	$6.02M	$4.01M	$4.31M
Operating Expenses	$6.05M	$7.98M	$6.27M	$6.33M
Operating Income	$4.41M	-$4.72M	$4.22M	-$86.00K
EBITDA	$41.44M	$15.64M	$13.75M	$7.43M
Pretax Income	$37.49M	$221.00K	-$3.38M	-$6.21M
Net Income	$37.49M	$221.00K	-$3.38M	-$6.19M
Diluted EPS	4.92	0.02	-0.39	-0.70
Diluted Shares	7.30M	8.36M	8.79M	8.87M

USEA Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$54.73M	$13.80M	$6.41M	$14.16M
Receivables	$779.00K	$394.00K	$1.44M	$1.81M
Inventory	$107.00K	$664.00K	$650.00K	$363.00K
Current Assets	$59.81M	$19.09M	$24.48M	$33.09M
Total Assets	$125.66M	$174.81M	$172.07M	$138.68M
Current Liabilities	$25.21M	$53.09M	$33.52M	$48.64M
Long-Term Debt	$35.13M	$55.84M	$61.10M	$33.57M
Total Debt	$42.61M	$95.95M	$97.72M	$64.84M
Total Liabilities	$61.09M	$108.94M	$111.98M	$82.22M
Retained Earnings	$29.37M	$26.95M	$20.91M	$13.45M
Shareholders' Equity	$64.57M	$65.87M	$60.09M	$52.92M
Working Capital	$34.60M	-$34.00M	-$9.03M	-$15.55M
Net Debt	—	$50.73M	$72.34M	$33.74M

USEA Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$7.88M	-$6.23M	$3.26M	$2.21M
Capital Expenditure	-$93.52M	-$81.75M	-$249.00K	-$757.00K
Free Cash Flow	-$85.64M	-$87.98M	$3.02M	$1.46M
Depreciation & Amortisation	$1.90M	$9.08M	$9.71M	$7.82M
Stock-Based Compensation	$2.79M	$2.52M	$779.00K	$483.00K
Investing Cash Flow	$6.49M	-$59.14M	$7.95M	$40.43M
Financing Cash Flow	$55.57M	$9.94M	-$18.95M	-$34.84M
Dividends Paid	-$243.00K	-$9.36M	-$2.64M	-$1.12M
Share Repurchases	-$16.50M	-$673.00K	-$469.00K	-$204.00K
Net Change in Cash	$69.93M	-$55.43M	-$7.74M	$7.80M

USEA Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$7.75M	$12.47M	$10.97M	$6.59M	$7.95M
Cost of Revenue	$8.99M	$9.06M	$8.29M	$5.19M	$5.53M
Gross Profit	-$1.24M	$3.41M	$2.67M	$1.40M	$2.42M
Selling, General & Admin	$640.00K	$792.00K	$1.20M	$1.68M	$1.03M
Operating Expenses	$1.24M	$1.37M	$1.67M	$2.05M	$1.45M
Operating Income	-$2.48M	$2.05M	$1.00M	-$655.00K	$966.00K
EBITDA	-$2.56M	$2.79M	$2.56M	-$2.59M	$1.07M
Pretax Income	-$4.49M	$978.00K	$1.07M	-$3.77M	-$139.00K
Net Income	-$4.49M	$962.00K	$1.07M	-$3.77M	-$139.00K
Diluted EPS	-0.52	0.11	0.12	-0.42	-0.01
Diluted Shares	8.69M	8.92M	8.92M	8.94M	8.94M

USEA Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$3.39M	$3.45M	$20.12M	$14.16M	$10.13M
Receivables	—	—	—	$1.81M	—
Inventory	—	—	—	$363.00K	—
Current Assets	$3.39M	$3.45M	$20.12M	$33.09M	$10.13M
Total Assets	$169.38M	$161.08M	$144.20M	$138.68M	$165.48M
Current Liabilities	—	—	—	$48.64M	—
Long-Term Debt	—	—	—	$33.57M	—
Total Debt	$94.48M	$83.83M	$66.95M	$64.84M	$89.72M
Total Liabilities	$113.75M	$100.81M	$83.12M	$82.22M	$109.93M
Retained Earnings	—	—	—	$13.45M	—
Shareholders' Equity	$55.62M	$60.27M	$61.07M	$52.92M	$52.00M
Working Capital	—	—	—	-$15.55M	—
Net Debt	—	—	—	$33.74M	—

Market Snapshot

About

United Maritime Corp. is an international shipping company that owns and operates a fleet of dry bulk vessels. The company transports major bulk commodities such as coal, iron ore, and grains across global shipping routes. United Maritime focuses on the Panamax and Supramax vessel segments serving the seaborne dry bulk transportation market.