United Maritime Past Earnings Performance
Past criteria checks 0/6
United Maritime's earnings have been declining at an average annual rate of -78.4%, while the Shipping industry saw earnings declining at 9.5% annually. Revenues have been declining at an average rate of 10.8% per year.
Key information
-78.43%
Earnings growth rate
-92.87%
EPS growth rate
| Shipping Industry Growth | 51.92% |
| Revenue growth rate | -10.84% |
| Return on equity | -3.36% |
| Net Margin | -4.85% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Long Haul Iron Ore And Bauxite Exposure Will Drive Future Dry Bulk Upside
Catalysts About United Maritime United Maritime operates a dry bulk shipping fleet focused on Panamax and Capesize vessels. What are the underlying business or industry changes driving this perspective?United Maritime (NASDAQ:USEA) Use Of Debt Could Be Considered Risky
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...United Maritime Corporation (NASDAQ:USEA) Held Back By Insufficient Growth Even After Shares Climb 28%
United Maritime Corporation ( NASDAQ:USEA ) shareholders would be excited to see that the share price has had a great...United Maritime (NASDAQ:USEA) Seems To Be Using A Lot Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...United Maritime (NASDAQ:USEA) Will Want To Turn Around Its Return Trends
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...United Maritime (NASDAQ:USEA) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Risks Still Elevated At These Prices As United Maritime Corporation (NASDAQ:USEA) Shares Dive 26%
The United Maritime Corporation ( NASDAQ:USEA ) share price has fared very poorly over the last month, falling by a...United Maritime (NASDAQ:USEA) Is Paying Out Less In Dividends Than Last Year
United Maritime Corporation's ( NASDAQ:USEA ) dividend is being reduced from last year's payment covering the same...United Maritime (NASDAQ:USEA) May Have Issues Allocating Its Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...United Maritime Corporation's (NASDAQ:USEA) Subdued P/S Might Signal An Opportunity
When close to half the companies operating in the Shipping industry in the United States have price-to-sales ratios (or...United announces sale of two Aframax Petroleum Tankers
United Maritime (NASDAQ:USEA) has entered agreements with an unaffiliated third party for the sale of two Aframax tankers, and the successful delivery of the previously-announced LR2 tanker acquisitions. Company has entered into two separate definitive agreements with an unaffiliated third party for the sale of its two Aframax vessels, the 2006-built M/T Bluesea and the M/T Parosea. Vessels are scheduled to be delivered to their new owners within Q4 2022. Aggregate gross sale price is ~$62.5M and the transactions are subject to customary closing procedures.United Maritime stock gains as it initiates additional $3M stock buyback plan
United Maritime (NASDAQ:USEA) shares gained 12% premarket on Thursday after the shipping company initiated an additional $3M stock buyback plan. The board authorized an additional share repurchase plan, enabling the firm to buyback up to an additional $3M of its outstanding common shares in the open market. The plan represents up to an additional 26% of United’s (USEA) market capitalization as of Sep 21, 2022. The new plan follows the completion of $3M stock buyback, wherein the company bought ~1.86M shares at an average price of $1.6095.United Maritime gains on $3M stock buyback plan
United Maritime (NASDAQ:USEA) announced on Friday as share repurchase plan to buyback up to $3M of its outstanding common shares in the open market. That represents up to 26% of the company’s market capitalization as of Sep 1, 2022. USEA Chairman and CEO Stamatis Tsantanis stated: "We believe that the share price of United is significantly undervalued considering the solid vessel valuation and earnings environment of the tanker sector. We aim to enhance stockholder value by using our strong cash reserves and the fleet’s robust cash-flow generating capacity. We will continue to examine all strategic alternatives and to invest opportunistically, including through buybacks under appropriate conditions." USEA shares have gained 38% pre-marketUnited Maritime stock slides on $26M equity offering
United Maritime (NASDAQ:USEA) shares plunged over 55% pre-market on Monday after the shipping company priced its $26M equity offering. The offering consists of 8M units, issued at $3.25 each for estimated gross proceeds of $26M. Each unit consists of one common share (or pre-funded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. Each Class A warrant is immediately exercisable for one common share at an exercise price of $3.25/share and will expire five years from issuance. The offering is expected to close around July 20, 2022.Seanergy Maritime jumps 7% as gets delivery of Japanese built vessel, secures additional financing
Seanergy Maritime Holdings (NASDAQ:SHIP) jumps 7%, Thursday, after stating that it has received the delivery of its recently acquired Japanese-built modern Capesize vessel- M/V Honorship - and has immediately started its time charter with NYK Line. The vessel is set to improve Seanergy's average age and the operating premium of its fleet as it replaces SHIP's oldest Capesize vessel, M/V Gloriuship, which has been spun-off under its subsidiary United Maritime (NASDAQ:USEA). The company told M/V Honorship's time charter has a duration of about 20 to 24 months and the daily hire is based at a premium over the Baltic Capesize Index. "Our fleet remains 100% under period employment, with the vast majority on index-linked T/Cs and most of them accompanied by the option to convert to fixed rates. Moreover, the ability to conclude two new facilities with the Company’s existing creditors at more favorable terms attests to their confidence in Seanergy and its prospects," stated SHIP CEO and Chairman Stamatis Tsantanis. In addition, Seanergy announced $21M financing facility with a major European bank and one of its existing lenders secured by the M/V Dukeship. The loan bears interest rate of 2.95% plus SOFR per annum, has a four-year term. Earlier (June 28): Seanergy announces additional share repurchase plan, CEO to purchase 500K sharesRevenue & Expenses Breakdown
How United Maritime makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 38 | -2 | 7 | 0 |
| 31 Dec 25 | 38 | -6 | 6 | 0 |
| 30 Sep 25 | 42 | -4 | 6 | 0 |
| 30 Jun 25 | 43 | -6 | 6 | 0 |
| 31 Mar 25 | 43 | -7 | 6 | 0 |
| 31 Dec 24 | 45 | -3 | 6 | 0 |
| 30 Sep 24 | 46 | -2 | 6 | 0 |
| 30 Jun 24 | 46 | 7 | 7 | 0 |
| 31 Mar 24 | 44 | 4 | 7 | 0 |
| 31 Dec 23 | 36 | 0 | 8 | 0 |
| 30 Sep 23 | 42 | 38 | 13 | 0 |
| 31 Dec 22 | 25 | 38 | 7 | 0 |
| 31 Dec 21 | 7 | 2 | 1 | 0 |
| 31 Dec 20 | 4 | 1 | 1 | 0 |
| 31 Dec 19 | 7 | 0 | 1 | 0 |
Quality Earnings: USEA is currently unprofitable.
Growing Profit Margin: USEA is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: USEA is unprofitable, and losses have increased over the past 5 years at a rate of 78.4% per year.
Accelerating Growth: Unable to compare USEA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: USEA is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-14.9%).
Return on Equity
High ROE: USEA has a negative Return on Equity (-3.36%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/10 15:30 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
United Maritime Corporation is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tate Sullivan | Maxim Group |