4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 16.1% per year over the past 3 years.
Operating margin has contracted, at -8.4% in the latest year.
Financial health
Total debt ($48M) exceeds cash ($14M); net debt is $34M.
Total debt has grown faster than revenue (4.0% vs -16.1% per year).
Operating income covered interest expense -0.1× in the latest year, down from 17× 3 years ago.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 72.5% of free cash flow.
The dividend has declined 65.4% per year over the past 3 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$5M
-$6M
0.0%
-8.4%
$2M
$48M
$14M
2024
$0
-$3M
—
—
$3M
$79M
$6M
2023
$4M
$221000
0.0%
164.1%
-$88M
$65M
$14M
2022
$9M
$37M
0.0%
438.5%
-$73M
$43M
$55M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '25
-$1000
-$4M
0.0%
279700.0%
$2M
$48M
$14M
Sep '25
$2M
$1M
0.0%
160.2%
-$411000
$49M
$20M
Dec '24
$0
-$2M
—
—
-$3M
$79M
$6M
Sep '24
$0
-$894000
—
—
$2M
—
—
Valuation over time
How the market has priced USEA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 113.5× (Jan '24) to 81.0× (Nov '24).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 4.3× (Jun '26).
The dividend yield has fallen from 37.3% (Jan '24) to 4.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is USEA growing its revenue and profit?
Over the past 3 years, United Maritime Corp's revenue has declined 16.1% per year. These are computed facts, not advice.
How much debt does USEA have?
As of FY2025, United Maritime Corp reported $48M of total debt against $14M of cash; operating income covered interest expense -0.1×.
What is USEA's profit margin?
In FY2025, gross margin was —, operating margin -8.4%, and net margin -113.6%.
What is USEA's P/E ratio?
As of Jun '26, United Maritime Corp traded at a price-to-earnings ratio of about 81.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.