Saturday 17 October 2026
Export USEA’s income statement to Excel — free account
United Maritime Corporation
USEA Industrials Marine Shipping
United Maritime Corporation’s revenue for fiscal 2025 (year ended December 2025) was $37.8 million, down 16.8% from fiscal 2024. In the quarter to June 2026, revenue fell 19.9%, EPS was flat, free cash flow grew 273.8% and total debt rose 38.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
2.52
0.02
−0.79%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | 0.80 | 2.01 | 1.63 | 1.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | 8.95 | 4.51 | 3.00 | 2.22 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 2 | 6 | 3 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 3.70 | 11.39 | 18.03 | 7.57 | 12.60 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 7 | 4 | 7 | 23 | 36 | 45 | 38 | ||||
| Gross margin, % | — | — | — | 70.20 | 52.14 | 68.81 | 77.27 | 43.61 | 56.55 | 58.57 | |||||
| EBT | — | — | — | 0 | 1 | 2 | 37 | 0 | (3) | (6) | |||||
| EBT margin, % | — | — | — | (4.00) | 26.46 | 29.35 | 164.55 | 0.61 | (7.45) | (16.45) | |||||
| Net income | — | — | — | 0 | 1 | 2 | 37 | 0 | (3) | (6) | |||||
| Depreciation | — | — | — | 1 | 1 | 1 | 2 | 10 | 14 | 11 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.56 | 0.34 | 0.60 | 5.06 | 4.31 | 5.22 | 4.26 | ||||
| Earnings | — | — | — | (0.02) | 0.09 | 0.18 | 8.58 | 0.02 | (0.39) | (0.70) | |||||
| Cash flow | — | — | — | 0.05 | (0.04) | 0.30 | 1.75 | (0.75) | 0.37 | 0.25 | |||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | 4.26 | (5.29) | 2.29 | 5.61 | |||||
| Free cash flow | — | — | — | 0.05 | (0.04) | 0.29 | 6.01 | (6.04) | 2.67 | 5.86 | |||||
| Book value | — | — | — | 0.00 | 0.59 | 0.57 | 14.34 | 7.88 | 6.90 | 6.37 | |||||
| Shares, m | — | — | — | 12 | 12 | 12 | 5 | 8 | 9 | 9 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.69 | 0.69 | 0.69 | 0.69 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.59 | 0.33 | 0.40 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 0.42 | 0.32 | 0.25 | 0.27 | |||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.30 | 1.28 | |||||
| EV/FCF | — | — | — | 1.74 | 1.74 | 1.74 | 0.50 | (0.77) | (5.58) | 0.99 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 1 | 0 | 4 | 8 | (6) | 3 | 2 | ||||
| Capex | — | — | — | 0 | 0 | 0 | 19 | (44) | 20 | 50 | |||||
| Free cash flow | — | — | — | 1 | 0 | 4 | 27 | (50) | 23 | 52 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1) | (1) | 35 | (34) | (9) | (16) | ||||
| Total debt | — | — | — | — | 6 | 5 | 43 | 65 | 96 | 48 | |||||
| Net debt | — | — | — | — | 6 | 5 | (12) | 51 | 89 | 33 | |||||
| Shareholders’ equity | — | — | — | — | 7 | 7 | 65 | 66 | 60 | 56 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 15.65 | 15.86 | 50.45 | 0.08 | (1.95) | (3.98) | ||||
| ROIC | — | — | — | 0.00 | 1.45 | 15.63 | 48.27 | 3.79 | 2.02 | (0.32) | |||||
| ROE | — | — | — | 0.00 | 0.00 | 30.24 | 97.99 | 0.19 | (5.37) | (10.62) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
United Maritime Corporation vs peers in Marine Shipping (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SVRN SVRN, Inc. | $78.4M | — (loss-making) | 2.6× | −0.46% (below 0%: shrinking) | n/m | −216.41% (below 0%: shrinking) | 13.51% | (140.13%) | Compare |
| GLBS Globus Maritime Limited | $69.1M | 9.4× | — (loss-making) | +53.18% (above 0%: growing) | n/m | +1,883.66% (above 0%: growing) | 66.15% | 37.93% | Compare |
| EHLD Euroholdings Ltd. | $33.3M | 3.5× | — | +194.98% (above 0%: growing) | +406.67% (above 0%: growing) | +182.44% (above 0%: growing) | 65.57% | 53.03% | Compare |
| USEA United Maritime Corporation | $24.2M | — (loss-making) | 27.4× | −19.89% (below 0%: shrinking) | 0.00% | +273.83% (above 0%: growing) | 65.15% | 25.60% | |
| PSHG Performance Shipping Inc. | $20.0M | 0.7× | 1.4× | +58.30% (above 0%: growing) | −66.09% (below 0%: shrinking) | −134.71% (below 0%: shrinking) | 71.42% | 44.82% | Compare |
| VNTG Vantage Corp | $16.6M | — | — | — | — | — | — | — | Compare |
| CTRM Castor Maritime Inc. | $16.0M | 0.2× | — | +42.50% (above 0%: growing) | +400.00% (above 0%: growing) | −344.84% (below 0%: shrinking) | 44.78% | 96.08% | Compare |
| UFG Uni-Fuels Holdings Limited | $12.3M | — | — | — | — | +62.98% (above 0%: growing) | — | — | Compare |
| HTCO Caravelle International Group | $10.5M | 0.1× | — | — | n/m | +3,267.49% (above 0%: growing) | — | 0.00% | Compare |
| Median of peers | $18.3M | 0.7× | — | +53.18% | +400.00% | +62.98% | 65.57% | 41.38% |
United Maritime Corporation (USEA) key facts
- Concern: United Maritime Corporation’s revenue for fiscal 2025 (year ended December 2025) was $37.8 million, down 16.8% from fiscal 2024.
- United Maritime Corporation (USEA) is a Marine Shipping company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, USEA traded at $2.52, a market capitalization of $24.2 million.
- United Maritime Corporation pays an annual dividend of $0.39 per share, a yield of 15.5%.
- Return on equity was −10.6% and debt-to-equity 1.72.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.37 (distress zone) for fiscal 2025.
United Maritime Corporation (USEA) Latest News
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