Security
United Maritime Corporation Common Stock · USEA
USEANASDAQCommon stockCurrentCIK 1912847Updated Nov 9, 2026
USEA price & chart
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NASDAQ:USEA on TradingView ↗About the company
United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. The Company operates a fleet of six dry bulk vessels, comprising two Capesize, one Kamsarmax and three Panamax vessels, with an aggregate cargo carrying capacity of 666,260 dwt. Upon completion of the aforementioned sale of the M/V Exelixsea, the Company’s operating fleet will consist of five vessels (two Capesize, one Kamsarmax and two Panamax vessels), with an aggregate cargo carrying capacity of 589,899 dwt.
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United Maritime Corporation (USEA) Q2 2026 Earnings Call Transcript ↗
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SEC disclosures
United Maritime Corp IPO declared effective by SEC ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 138,681,000Source | 172,073,000Source | 174,805,000Source | 125,655,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | 50,200,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 14,164,000Source | 6,412,000Source | 13,801,000Source | 54,732,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,421,000Source | 1,437,000Source | 252,000Source | 779,000Source |
| Inventory, NetUSD | 363,000Source | 650,000Source | 664,000Source | 107,000Source |
| Assets, CurrentUSD | 33,091,000Source | 24,483,000Source | 19,090,000Source | 59,814,000Source |
| Other Assets, NoncurrentUSD | 1,445,000Source | 1,155,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 82,215,000Source | 111,985,000Source | 108,936,000Source | 61,087,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,000Source | 1,000Source | 1,000Source | 1,000Source |
| Additional Paid in CapitalUSD | 39,455,000Source | 39,176,000Source | 38,916,000Source | 35,193,000Source |
| Retained Earnings (Accumulated Deficit)USD | 13,453,000Source | 20,915,000Source | 26,952,000Source | 29,374,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 7,000Source | -4,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 52,916,000Source | 60,088,000Source | 65,869,000Source | 64,568,000Source |
| Liabilities and EquityUSD | 138,681,000Source | 172,073,000Source | 174,805,000Source | 125,655,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 48,641,000Source | 33,516,000Source | 53,093,000Source | 25,215,000Source |
| Accounts Payable, CurrentUSD | 2,404,000Source | 1,823,000Source | 3,308,000Source | 3,018,000Source |
| Other Liabilities, NoncurrentUSD | 0Source | 428,000Source | 0Source | 739,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,550,000Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 4,075,000Source | 2,682,000Source | 8,045,000Source | 5,495,000Source |
| Dividends Payable, CurrentUSD | 818,000Source | 663,000Source | 652,000Source | 7,373,000Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 14,327,000Source | 17,650,000Source | 8,691,000Source | 7,473,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 33,574,000Source | 61,103,000Source | 55,843,000Source | 35,133,000Source |
cash flow · annual statements
| Line item | Q4 2022 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -6,214,000Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 483,000Source | 779,000Source | 2,522,000Source | 2,789,000Source |
| Changes in operating assets and liabilities: | |||||
| Increase (Decrease) in Accounts ReceivableUSD | — | -16,000Source | 1,185,000Source | -527,000Source | 660,000Source |
| Increase (Decrease) in InventoriesUSD | — | -313,000Source | 82,000Source | 531,000Source | -87,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | -1,687,000Source | -1,762,000Source | -1,566,000Source | -2,787,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | 2,212,000Source | 3,264,000Source | -6,228,000Source | 7,875,000Source |
| Cash flows from investing activities: | |||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | 40,431,000Source | 7,949,000Source | -59,138,000Source | 6,488,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 668,000Source | 249,000Source | 81,748,000Source | 80,832,000Source |
| Cash flows from financing activities: | |||||
| Payments for Repurchase of Common StockUSD | — | 204,000Source | 469,000Source | 673,000Source | 6,003,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | -34,841,000Source | -18,952,000Source | 9,935,000Source | 55,569,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | 1,119,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | 7,802,000Source | -7,739,000Source | -55,431,000Source | 69,932,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 14,564,000Source | 6,762,000Source | 14,501,000Source | 69,932,000Source |
| Supplemental disclosure of cash flow information: | |||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 5,946,000Source | 7,599,000Source | 6,335,000Source | 1,741,000Source |
| Additional Financial Items | |||||
| Amortization of Deferred ChargesUSD | — | 2,995,000Source | 3,717,000Source | 285,000Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 563,000Source | 727,000Source | 781,000Source | 352,000Source |
| DepreciationUSD | — | 7,821,000Source | 9,713,000Source | 9,078,000Source | 1,903,000Source |
| Dividends Payable, CurrentUSD | — | 818,000Source | 663,000Source | 652,000Source | 7,373,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -249,000Source | 129,000Source | -132,000Source | -6,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 1,773,000Source | 1,426,000Source | 11,804,000Source | 36,095,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | -640,000Source | -397,000Source | -85,000Source | -593,000Source |
| General and Administrative ExpenseUSD | — | 4,306,000Source | 4,010,000Source | 6,018,000Source | 5,524,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -86,000Source | -142,000Source | — | — |
| InterestExpenseNonoperatingUSD | — | 6,373,000Source | 8,416,000Source | — | — |
| Investment Income, InterestUSD | — | 218,000Source | 314,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | -6,188,000Source | -3,383,000Source | 221,000Source | 37,490,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | -26,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -6,188,000Source | -3,383,000Source | 126,000Source | 35,086,000Source |
| Nonoperating Income (Expense)USD | — | -5,759,000Source | -8,201,000Source | -6,858,000Source | -3,012,000Source |
| Operating Lease, Lease IncomeUSD | — | 32,338,000Source | 45,439,000Source | 31,754,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | — | 22,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 37,785,000Source | 0Source | 36,067,000Source | 22,784,000Source |
| Operating Income (Loss)USD | -455,000Source | 4,818,000Source | 7,079,000Source | 40,502,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -26,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -6,188,000Source | -3,383,000Source | 221,000Source | 37,490,000Source |
| Earnings Per Share, BasicUSD per share | -0.7Source | -0.39Source | 0.02Source | 7.79Source |
| Earnings Per Share, DilutedUSD per share | -0.7Source | -0.39Source | 0.02Source | 4.92Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,866,523Source | 8,711,951Source | 8,359,487Source | 4,503,397Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,866,523Source | 8,711,951Source | 8,359,487Source | 7,299,561Source |
| Interest Expense (non-operating)USD | 6,373,000Source | 8,416,000Source | — | — |
| Additional Financial Items | ||||
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -249,000Source | 129,000Source | -132,000Source | -6,000Source |
| General and Administrative ExpenseUSD | 4,306,000Source | 4,010,000Source | 6,018,000Source | 5,524,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -86,000Source | -142,000Source | — | — |
| Interest ExpenseUSD | — | 8,416,000Source | 7,183,000Source | 2,452,000Source |
| Interest Expense, DebtUSD | 4,888,000Source | 6,072,000Source | 5,184,000Source | 2,045,000Source |
| Investment Income, InterestUSD | 218,000Source | 314,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -6,188,000Source | -3,383,000Source | 126,000Source | 35,086,000Source |
| Nonoperating Income (Expense)USD | -5,759,000Source | -8,201,000Source | -6,858,000Source | -3,012,000Source |
| Operating Lease, Lease IncomeUSD | 32,338,000Source | 45,439,000Source | 31,754,000Source | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | 0Source | 0Source | 743,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | 0Source | 0Source | 994,000Source |
Offerings
Registration 333-297431
Filing attachments
ef20083021_ex99-1.htm · 6-K · 2026-10-02
Exhibit 99.1 October 2, 2026 TO THE SHAREHOLDERS OF UNITED MARITIME CORPORATION We are an international shipping company specializing in worldwide seaborne transportation services. Our fleet currently consists of five modern dry bulk vessels, comprising Capesize, Kamsarmax and Panamax classes, with an aggregate cargo-carrying capacity of 589,899 dwt. Since our 2025 Annual General Meeting, we have continued to capitalize on the strong dry-bulk market fundamentals. Strengthening dry bulk marke…
Read attachment ↗ef20075473_ex99-1.htm · 6-K · 2026-08-07
Exhibit 99.1 United Maritime Reports Second Quarter and First Half 2026 Financial Results Strategic Fleet Repositioning into Capesize Vessels Declares Quarterly Cash Dividend of $0.10 Per Share Highlights Q2 2026 Q2 2025 6M 2026 6M 2025 6M 2026 vs (in million USD, except EPS, LPS and TCE) 6M 2025 ──────────────────────────────────────────────────…
Read attachment ↗ef20075473_ex99-2.htm · 6-K · 2026-08-07
Exhibit 99.2 Forward-Looking Statements This report contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projec…
Read attachment ↗ny20077675x1_ex107.htm · F-3 · 2026-07-13
Exhibit 107 Calculation of Filing Fee Tables Form F-3 (Form Type) United Maritime Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee …
Read attachment ↗ef20074634_ex99-1.htm · 6-K · 2026-05-22
Exhibit 99.1 United Maritime Reports Improved First Quarter 2026 Financial Results and Declares Quarterly Cash Dividend of $0.10 Per Share Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBIT…
Read attachment ↗ef20070217_ex99-1.htm · 6-K · 2026-04-09
Exhibit 99.1 United Maritime Announces Availability of its 2025 Annual Report on Form 20-F April 9, 2026 - Glyfada, Greece - United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission. The Annual Report may also be accessed through United’s website, www.unitedmaritime.gr, at the “Investors” section under “A…
Read attachment ↗