United Maritime Corporation (USEA) Revenue History
Annual and quarterly revenue from 2020 to present
USEA Revenue Over Time (2020–2025)
USEA Revenue Growth History
4 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +79.3%
- FY2022 revenue growth
- +208.1%
- FY2023 revenue growth
- +58.3%
- FY2024 revenue growth
- +26.0%
- FY2025 revenue growth
- -16.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $6.6M | -39.1% |
| Q3 2025 | $11.0M | -5.2% |
| Q2 2025 | $12.5M | +0.2% |
| Q1 2025 | $7.8M | -26.8% |
| Q4 2024 | $10.8M | -6.2% |
| Q3 2024 | $11.6M | -1.0% |
| Q2 2024 | $12.4M | +24.3% |
| Q1 2024 | $10.6M | +275.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2022)
USEA's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
USEA Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 28, 2026, United Maritime Corporation (USEA) generated trailing twelve-month (TTM) revenue of $37.8 million, reflecting significant decline in growth of -39.1% year-over-year. The most recent quarter (Q4 2025) recorded $6.6 million in revenue, down 39.9% sequentially.
Historical Growth Trajectory
USEA's 5-year compound annual growth rate (CAGR) stands at +55.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +18.4% is below the 5-year average, signalling a growth deceleration in recent years. United Maritime Corporation's highest annual revenue of $45.4 million was recorded in 2024.
Revenue by Segment
USEA's revenue is primarily driven by Spot Charter (100%). With over half of revenue concentrated in Spot Charter, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including SBLK (-11.6% YoY), NMM (+5.9% YoY), and SB (-10.4% YoY) — USEA has underperformed the peer group in revenue growth. Compare USEA vs SBLK →
USEA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| USEACurrent | $38M | -39.1% | +55.7% | -0.2% | |
 SBLK | $1.0B | -11.6% | +8.5% | 13.5% | |
 NMM | $1.3B | +5.9% | +42.7% | 29.1% | |
 SB | $276M | -10.4% | +6.8% | 25.1% | |
 SHIP | $158M | -7.5% | +20.1% | 26.0% | |
 GNK | $342M | +30336.5% | -0.8% | 2.7% |
USEA Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $37.8M | -16.8% | $6.2M | 16.5% | $-85,999 | -0.2% |
| 2024 | $45.4M | +26.0% | $23.9M | 52.6% | $4.8M | 10.6% |
| 2023 | $36.1M | +58.3% | $3.3M | 9.0% | $7.1M | 19.6% |
| 2022 | $22.8M | +208.1% | $10.5M | 45.9% | $40.5M | 177.8% |
| 2021 | $7.4M | +79.3% | $3.9M | 52.3% | $2.9M | 39.4% |
| 2020 | $4.1M | - | $941K | 22.8% | $301K | 7.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
USEA — Frequently Asked Questions
Quick answers to the most common questions about buying USEA stock.
Is USEA's revenue growth accelerating or slowing?
USEA revenue is declining -39.1% year-over-year. TTM revenue fell to $38M, contrasting with the 5-year CAGR of +55.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is USEA's revenue history from 2020 to 2026?
United Maritime Corporation (USEA) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $38M, growing at -39.1% YoY. The 5-year CAGR is +55.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is USEA's long-term revenue growth rate (CAGR)?
United Maritime Corporation's 5-year revenue CAGR of +55.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -39.1% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for USEA.
Why does USEA's quarterly revenue fluctuate?
USEA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. United Maritime Corporation's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is USEA's revenue distributed by segment?
USEA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does USEA's revenue compare to industry peers?
United Maritime Corporation (USEA) with TTM revenue of $38M and -39.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.