Symbols / USEA $2.10 -0.94% United Maritime Corporation

Industrials • Marine Shipping • Greece • NCM
USEA Chart
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About

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. The company operates a fleet of six dry bulk vessels comprising one Capesize, two Kamsarmax and three Panamax vessels with an aggregate cargo-carrying capacity of approximately 577,750 dwt. United Maritime Corporation was incorporated in 2022 and is based in Glyfada, Greece.

Fundamentals
Scroll to Statements
Market Cap 20.03M Enterprise Value 74.45M Income -6.19M Sales 37.78M Book/sh 6.22 Cash/sh 1.49
Dividend Yield 18.87% Payout 32.26% Employees 6 IPO — P/E — Forward P/E -210.00
PEG — P/S 0.53 P/B 0.34 P/C — EV/EBITDA 11.84 EV/Sales 1.97
Quick Ratio 0.33 Current Ratio 0.68 Debt/Eq 114.83 LT Debt/Eq — EPS (ttm) -0.70 EPS next Y -0.01
EPS Growth — Revenue Growth -39.10% Earnings 2026-05-21 ROA -0.03% ROE -10.66% ROIC —
Gross Margin 37.23% Oper. Margin -9.94% Profit Margin -16.38% Shs Outstand 9.54M Shs Float 7.20M Short Float 7.80%
Short Ratio 4.35 Short Interest — 52W High 2.28 52W Low 1.13 Beta 0.67 Avg Volume 85.57K
Volume 9.45K Target Price $4.00 Recom None Prev Close $2.12 Price $2.10 Change -0.94%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.00
Mean price target
2. Current target
$2.10
Latest analyst target
3. DCF / Fair value
$18.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.10
Low
$4.00
High
$4.00
Mean
$4.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-06-26 init Maxim Group — → Buy $6
News
RSS: Latest USEA news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
37.78
-16.84%
45.44
+25.98%
36.07
+58.30%
22.78
Operating Revenue
37.78
-16.84%
45.44
+25.98%
36.07
+58.30%
22.78
Cost Of Revenue
31.54
-9.76%
34.95
+6.52%
32.81
+166.15%
12.33
Reconciled Cost Of Revenue
31.54
-9.76%
34.95
+6.52%
32.81
+166.15%
12.33
Gross Profit
6.25
-40.46%
10.49
+221.97%
3.26
-68.83%
10.46
Operating Expense
6.33
+0.97%
6.27
-21.43%
7.98
+31.97%
6.05
Selling General And Administration
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
General And Administrative Expense
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
Other Gand A
4.31
+7.38%
4.01
-33.37%
6.02
+8.94%
5.52
Other Operating Expenses
2.03
-10.38%
2.26
+15.11%
1.97
+273.76%
0.53
Total Expenses
37.87
-8.12%
41.22
+1.05%
40.79
+121.97%
18.38
Operating Income
-0.09
-102.04%
4.22
+189.31%
-4.72
-207.22%
4.41
Total Operating Income As Reported
-0.46
-109.44%
4.82
-31.94%
7.08
-82.52%
40.50
EBITDA
7.43
-45.94%
13.75
-12.11%
15.64
-62.25%
41.44
Normalized EBITDA
7.42
-44.69%
13.42
+230.96%
4.05
-31.77%
5.94
Reconciled Depreciation
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
EBIT
-0.39
-109.67%
4.03
-38.53%
6.56
-83.40%
39.53
Total Unusual Items
0.01
-96.97%
0.33
-97.15%
11.59
-67.36%
35.50
Total Unusual Items Excluding Goodwill
0.01
-96.97%
0.33
-97.15%
11.59
-67.36%
35.50
Special Income Charges
0.26
+28.86%
0.20
-98.28%
11.72
-66.99%
35.50
Other Special Charges
0.64
+61.21%
0.40
+367.06%
0.09
-85.67%
0.59
Impairment Of Capital Assets
2.14
+158.70%
0.83
0.00
0.00
Restructuring And Mergern Acquisition
-1.27
0.00
0.00
—
Net Income
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Pretax Income
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Non Operating Interest Income Expense
-6.20
+23.44%
-8.10
-19.98%
-6.75
-176.88%
-2.44
Interest Expense Non Operating
5.82
-21.48%
7.42
+16.95%
6.34
+210.12%
2.04
Net Interest Income
-6.20
+23.44%
-8.10
-19.98%
-6.75
-176.88%
-2.44
Interest Expense
5.82
-21.48%
7.42
+16.95%
6.34
+210.12%
2.04
Interest Income Non Operating
0.22
-30.57%
0.31
-26.98%
0.43
+3207.69%
0.01
Interest Income
0.22
-30.57%
0.31
-26.98%
0.43
+3207.69%
0.01
Other Income Expense
0.07
-84.97%
0.50
-95.73%
11.70
-67.07%
35.52
Other Non Operating Income Expenses
0.15
-51.45%
0.31
+177.68%
0.11
+330.77%
0.03
Gain On Sale Of Security
-0.25
-293.02%
0.13
+197.73%
-0.13
-2100.00%
-0.01
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
2.55
-67.36%
7.81
Net Income Including Noncontrolling Interests
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income From Continuing Operation Net Minority Interest
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income From Continuing And Discontinued Operation
-6.19
-82.91%
-3.38
-1630.77%
0.22
-99.41%
37.49
Net Income Continuous Operations
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Minority Interests
0.03
0.00
0.00
—
Normalized Income
-6.20
-66.93%
-3.71
+57.89%
-8.82
-189.94%
9.80
Net Income Common Stockholders
-6.19
-82.91%
-3.38
-2784.92%
0.13
-99.64%
35.09
Otherunder Preferred Stock Dividend
0.00
0.00
-100.00%
0.10
-94.28%
1.66
Diluted EPS
-0.70
-79.49%
-0.39
-2050.00%
0.02
-99.59%
4.92
Basic EPS
-0.70
-79.49%
-0.39
-2050.00%
0.02
-99.74%
7.79
Basic Average Shares
8.87
+1.77%
8.71
+4.22%
8.36
+85.63%
4.50
Diluted Average Shares
8.87
+1.77%
8.71
+4.22%
8.36
+14.52%
7.30
Diluted NI Availto Com Stockholders
-6.19
-82.91%
-3.38
-2784.92%
0.13
-99.64%
35.09
Depreciation Amortization Depletion Income Statement
—
—
—
—
Depreciation And Amortization In Income Statement
—
—
—
—
Depreciation Income Statement
—
—
—
—
Earnings From Equity Interest
-0.09
+39.44%
-0.14
0.00
0.00
Gain On Sale Of PPE
1.77
+24.33%
1.43
-87.92%
11.80
-67.30%
36.09
Preferred Stock Dividends
—
—
—
0.74
Total Other Finance Cost
0.60
-40.24%
1.00
+18.79%
0.84
+106.63%
0.41
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
138.68
-19.41%
172.07
-1.56%
174.81
+39.12%
125.66
Current Assets
33.09
+35.16%
24.48
+28.25%
19.09
-68.08%
59.81
Cash Cash Equivalents And Short Term Investments
14.16
+120.90%
6.41
-53.54%
13.80
-74.78%
54.73
Cash And Cash Equivalents
14.16
+120.90%
6.41
-53.54%
13.80
-74.78%
54.73
Receivables
1.81
+25.75%
1.44
+264.72%
0.39
-49.42%
0.78
Accounts Receivable
1.42
-1.11%
1.44
+470.24%
0.25
-67.65%
0.78
Inventory
0.36
-44.15%
0.65
-2.11%
0.66
+520.56%
0.11
Prepaid Assets
0.41
-31.28%
0.60
+10.07%
0.55
-44.79%
0.99
Restricted Cash
0.40
0.00
—
—
Assets Held For Sale Current
14.74
-0.91%
14.88
0.00
—
Other Current Assets
1.20
+138.57%
0.50
-86.35%
3.69
+14.90%
3.21
Total Non Current Assets
105.59
-28.46%
147.59
-5.22%
155.72
+136.50%
65.84
Net PPE
85.14
-38.37%
138.15
-9.43%
152.53
+203.83%
50.20
Gross PPE
91.35
-38.32%
148.10
-7.48%
160.08
+211.10%
51.46
Accumulated Depreciation
-6.21
+37.65%
-9.95
-31.74%
-7.56
-501.11%
-1.26
Machinery Furniture Equipment
—
—
—
51.46
Construction In Progress
—
—
0.00
-100.00%
12.69
Other Properties
—
—
47.71
—
Investments And Advances
17.41
+385.14%
3.59
0.00
—
Long Term Equity Investment
17.41
+385.14%
3.59
0.00
—
Non Current Deferred Assets
1.60
-63.27%
4.35
+74.62%
2.49
+464.63%
0.44
Non Current Prepaid Assets
1.45
+25.11%
1.16
0.00
—
Other Non Current Assets
24.23
+6823.43%
0.35
-50.00%
0.70
-95.39%
15.20
Total Liabilities Net Minority Interest
82.22
-26.58%
111.98
+2.80%
108.94
+78.33%
61.09
Current Liabilities
48.64
+45.13%
33.52
-36.87%
53.09
+110.56%
25.21
Payables And Accrued Expenses
16.78
+34.92%
12.44
-0.13%
12.46
-25.49%
16.71
Payables
12.71
+30.24%
9.76
+121.25%
4.41
-60.70%
11.22
Accounts Payable
2.40
+31.87%
1.82
-44.89%
3.31
+9.61%
3.02
Dividends Payable
0.82
+23.38%
0.66
+1.69%
0.65
-91.16%
7.37
Current Accrued Expenses
4.08
+51.94%
2.68
-66.66%
8.04
+46.41%
5.50
Current Debt And Capital Lease Obligation
31.27
+58.85%
19.68
-50.93%
40.11
+436.75%
7.47
Current Debt
14.33
-18.83%
17.65
+103.08%
8.69
+16.30%
7.47
Other Current Borrowings
14.33
-18.83%
17.65
+103.08%
8.69
+16.30%
7.47
Current Capital Lease Obligation
16.94
+733.56%
2.03
-93.53%
31.42
0.00
Current Deferred Liabilities
0.59
-57.49%
1.40
+164.71%
0.53
-48.69%
1.03
Current Deferred Revenue
0.59
-57.49%
1.40
+164.71%
0.53
-48.69%
1.03
Total Non Current Liabilities Net Minority Interest
33.57
-57.21%
78.47
+40.52%
55.84
+55.67%
35.87
Long Term Debt And Capital Lease Obligation
33.57
-56.98%
78.04
+39.75%
55.84
+58.95%
35.13
Long Term Debt
33.57
-45.05%
61.10
+9.42%
55.84
+58.95%
35.13
Long Term Capital Lease Obligation
0.00
-100.00%
16.94
0.00
—
Other Non Current Liabilities
17.38
+3959.81%
0.43
—
0.74
Stockholders Equity
52.92
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Common Stock Equity
52.91
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Capital Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
-100.00%
0.00
+0.00%
0.00
+0.00%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
9.11
+2.95%
8.84
+1.72%
8.69
+6.29%
8.18
Ordinary Shares Number
9.11
+2.95%
8.84
+1.72%
8.69
+6.29%
8.18
Additional Paid In Capital
39.45
+0.71%
39.18
+0.67%
38.92
+10.58%
35.19
Retained Earnings
13.45
-35.68%
20.91
-22.40%
26.95
-8.25%
29.37
Gains Losses Not Affecting Retained Earnings
0.01
+275.00%
-0.00
0.00
—
Minority Interest
3.55
0.00
—
—
Other Equity Adjustments
0.01
+275.00%
-0.00
—
—
Total Equity Gross Minority Interest
56.47
-6.03%
60.09
-8.78%
65.87
+2.01%
64.57
Total Capitalization
86.49
-28.63%
121.19
-0.43%
121.71
+88.50%
64.57
Working Capital
-15.55
-72.15%
-9.03
+73.43%
-34.00
-198.28%
34.60
Invested Capital
100.82
-27.39%
138.84
+6.47%
130.40
+81.01%
72.04
Total Debt
64.84
-33.65%
97.72
+1.84%
95.95
+125.21%
42.61
Net Debt
33.74
-53.36%
72.34
+42.59%
50.73
—
Capital Lease Obligations
16.94
-10.71%
18.97
-39.62%
31.42
0.00
Net Tangible Assets
52.92
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Tangible Book Value
52.91
-11.94%
60.09
-8.78%
65.87
+2.01%
64.57
Duefrom Related Parties Current
0.39
0.00
-100.00%
0.14
0.00
Dueto Related Parties Current
9.49
+30.46%
7.27
+1515.78%
0.45
-45.72%
0.83
Preferred Stock Equity
0.00
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2.21
-32.23%
3.26
+152.41%
-6.23
-179.09%
7.88
Cash Flow From Continuing Operating Activities
2.21
-32.23%
3.26
+152.41%
-6.23
-179.09%
7.88
Net Income From Continuing Operations
-6.21
-83.68%
-3.38
-1630.77%
0.22
-99.41%
37.49
Depreciation Amortization Depletion
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Depreciation
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Depreciation And Amortization
7.82
-19.48%
9.71
+6.99%
9.08
+377.04%
1.90
Other Non Cash Items
3.70
-16.81%
4.44
+316.89%
1.07
+107.39%
0.51
Stock Based Compensation
0.48
-38.00%
0.78
-69.11%
2.52
-9.57%
2.79
Asset Impairment Charge
2.14
+158.70%
0.83
0.00
0.00
Operating Gains Losses
-2.64
-133.27%
-1.13
+90.35%
-11.74
+66.94%
-35.50
Gain Loss On Sale Of PPE
-1.77
-24.33%
-1.43
+87.92%
-11.80
+67.30%
-36.09
Change In Working Capital
-3.07
+61.50%
-7.98
-8.20%
-7.38
-1183.55%
0.68
Change In Receivables
0.02
+101.53%
-1.04
-370.91%
0.39
+158.33%
-0.66
Changes In Account Receivables
0.02
+101.35%
-1.19
-324.86%
0.53
+179.85%
-0.66
Change In Inventory
0.31
+481.71%
-0.08
+84.56%
-0.53
-710.34%
0.09
Change In Prepaid Assets
0.19
+441.82%
-0.06
-112.42%
0.44
+144.75%
-0.99
Change In Payables And Accrued Expense
-0.33
+92.28%
-4.27
-262.51%
-1.18
-125.56%
4.61
Change In Accrued Expense
-0.05
+99.00%
-4.98
-535.99%
1.14
-83.22%
6.80
Change In Payable
-0.28
-139.72%
0.70
+130.37%
-2.32
-5.89%
-2.19
Change In Account Payable
-1.69
+4.26%
-1.76
-12.52%
-1.57
+43.81%
-2.79
Change In Other Working Capital
-2.74
+51.98%
-5.71
+5.10%
-6.02
-721.16%
0.97
Change In Other Current Assets
-0.52
-116.28%
3.18
+765.69%
-0.48
+85.10%
-3.21
Change In Other Current Liabilities
—
0.00
0.00
+100.00%
-0.13
Investing Cash Flow
40.43
+408.63%
7.95
+113.44%
-59.14
-1011.50%
6.49
Cash Flow From Continuing Investing Activities
40.43
+408.63%
7.95
+113.44%
-59.14
-1011.50%
6.49
Net PPE Purchase And Sale
49.74
+149.08%
19.97
+145.13%
-44.25
-782.00%
6.49
Purchase Of PPE
-0.76
-204.02%
-0.25
+99.70%
-81.75
+12.59%
-93.52
Sale Of PPE
50.50
+149.75%
20.22
-46.08%
37.50
-62.50%
100.01
Capital Expenditure
-0.76
-204.02%
-0.25
+99.70%
-81.75
+12.59%
-93.52
Net Investment Purchase And Sale
-0.29
0.00
0.00
—
Purchase Of Investment
-0.29
0.00
0.00
—
Net Business Purchase And Sale
-9.02
-141.62%
-3.73
0.00
0.00
Purchase Of Business
-4.15
0.00
0.00
—
Gain Loss On Sale Of Business
-1.27
0.00
0.00
—
Net Other Investing Changes
—
-8.29
+44.34%
-14.89
—
Financing Cash Flow
-34.84
-83.84%
-18.95
-290.76%
9.94
-82.12%
55.57
Cash Flow From Continuing Financing Activities
-34.84
-83.84%
-18.95
-290.76%
9.94
-82.12%
55.57
Net Issuance Payments Of Debt
-33.74
-81.06%
-18.63
-193.69%
19.89
-48.00%
38.25
Issuance Of Debt
2.00
-95.76%
47.15
-13.50%
54.50
-25.34%
73.00
Repayment Of Debt
-35.74
+45.67%
-65.78
-90.06%
-34.61
+0.40%
-34.75
Long Term Debt Issuance
2.00
-95.76%
47.15
-13.50%
54.50
-25.34%
73.00
Long Term Debt Payments
-35.74
+45.67%
-65.78
-90.06%
-34.61
+0.40%
-34.75
Net Long Term Debt Issuance
-33.74
-81.06%
-18.63
-193.69%
19.89
-48.00%
38.25
Net Common Stock Issuance
-0.20
+56.50%
-0.47
-138.76%
1.21
-93.62%
18.97
Common Stock Payments
-0.20
+56.50%
-0.47
+30.31%
-0.67
+88.79%
-6.00
Common Stock Dividend Paid
-1.12
+57.66%
-2.64
+71.77%
-9.36
0.00
Cash Dividends Paid
-1.12
+57.66%
-2.64
+71.77%
-9.36
-3753.50%
-0.24
Repurchase Of Capital Stock
-0.20
+56.50%
-0.47
+30.31%
-0.67
+95.92%
-16.50
Net Other Financing Charges
0.22
-92.09%
2.79
+255.14%
-1.80
-98.13%
-0.91
Changes In Cash
7.80
+200.81%
-7.74
+86.04%
-55.43
-179.26%
69.93
Beginning Cash Position
6.76
-53.37%
14.50
-79.26%
69.93
0.00
End Cash Position
14.56
+115.38%
6.76
-53.37%
14.50
-79.26%
69.93
Free Cash Flow
1.46
-51.74%
3.02
+103.43%
-87.98
-2.72%
-85.64
Interest Paid Supplemental Data
5.95
-21.75%
7.60
+19.95%
6.33
+263.87%
1.74
Common Stock Issuance
0.00
0.00
-100.00%
1.88
-92.46%
24.97
Earnings Losses From Equity Investments
0.09
-39.44%
0.14
0.00
0.00
Issuance Of Capital Stock
0.00
0.00
-100.00%
1.88
-94.62%
34.97
Net Preferred Stock Issuance
—
0.00
0.00
+100.00%
-0.50
Preferred Stock Dividend Paid
—
0.00
0.00
+100.00%
-0.24
Preferred Stock Issuance
—
0.00
0.00
-100.00%
10.00
Preferred Stock Payments
—
0.00
0.00
+100.00%
-10.50
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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