NASDAQ$USEA
United Maritime Corp · Q4 2025 earnings
Q4 2025 earnings · · Investor relations
Briefing
United Maritime reported fiscal 2025 vessel revenue of $37.8M with a net loss of $6.2M ($0.70 per share).
The Form 20-F covers the full year ended December 31, 2025 (calendar-linked as Q4 2025 on Happening). Vessel revenue, net was $37.8M, down 17% from $45.4M, reflecting softer dry-bulk charter markets. Net loss was $6.2M versus $3.4M in 2024 as voyage expenses rose and fleet utilization remained challenged. Management discusses BDI volatility, tariff/trade policy risk, and fleet renewal strategy.
- FY2025 vessel revenue $37.8M (-17% YoY).
- Net loss $6.2M; loss attributable to common holders $6.2M.
- Voyage expenses increased sharply year over year.
- Dry-bulk market volatility (BDI) remains core earnings driver.
- Geopolitical and tariff risks highlighted in 20-F.
Headline financials
Revenue & EPS history
United Maritime · Revenue · Quarterly
$37.8M
Forward guidance
The 20-F does not issue numeric EPS guidance; outlook is framed around charter-rate recovery, customer concentration, and compliance with loan covenants amid trade-policy uncertainty.
Tailwinds
- Fleet renewal and cost-control initiatives noted in MD&A.
- Potential charter-rate upside if BDI stays elevated.
- Balance-sheet actions to support liquidity.
Headwinds
- Revenue down 17% on weaker charter environment.
- Net loss widened vs fiscal 2024.
- U.S.–China port-fee and tariff policies add uncertainty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q4 2025
+0.0%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+5.0%
Avg return
30 days after
67%
10 / 15 earnings
Positive
+8.4%
Q4 2022
Best reaction
-12.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +12.2% | +15.2% | |
| Q4 2025 | +3.0% | -2.5% | +3.4% | |
| Q3 2025 | +2.9% | +1.6% | +20.3% | |
| Q2 2025 | +0.8% | -1.3% | +5.7% | |
| Q1 2025 | +2.4% | -3.9% | +18.1% | |
| Q4 2024 | -12.8% | -20.2% | -36.7% | |
| Q3 2024 | -5.3% | -2.9% | -11.0% | |
| Q2 2024 | +0.8% | +0.8% | +5.6% | |
| Q1 2024 | +2.2% | -2.0% | -4.0% | |
| Q4 2023 | -9.5% | -4.9% | -1.1% | |
| Q3 2023 | +8.3% | +14.6% | +26.3% | |
| Q2 2023 | -3.1% | -1.2% | -7.2% | |
| Q1 2023 | -0.7% | +11.1% | +1.5% | |
| Q4 2022 | +8.4% | +12.1% | -1.7% | |
| Q3 2022 | +0.3% | +3.8% | +39.8% |
Discussion
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