Company Analysis

United Maritime Corporation (USEA)

Nasdaq: USEA · Water Transportation · filing with the SEC since 2022
Grade3.6
◀ Past 5.2● Present 3.3▶ Future 2.2
2 est.

The grade of United Maritime Corporation

Nine metrics read from its own filings, by tense
Headline grade
3.6/10
◀ Past5.230% of the headline
● Present3.340% of the headline
▶ Future2.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.2/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.4/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 74th percentile among 19 sector filers · read for itself

From the record

United Maritime Corporation's filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+18.4% a year over 4 filed years; profitable in 2 of 4.

weight 45% of this tense · 53rd percentile among 19 sector filers · read for its customers

From the record

United Maritime Corporation's 4 filed years say what it did: revenue went from $23 million in fiscal 2022 to $38 million in fiscal 2025, up 18.4% a year; it rose in 2 of 3 years; the deepest fall was 17% from fiscal 2024 to fiscal 2025; net income was positive in 2 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span18.4%top 32% of its family
  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak16.8%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.9/10

How has it treated the people who own it?

SI estimate 1.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 19th percentile among 19 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 19% of 19 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 19 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: United Maritime Corporation's shareholder treatment is put at 1.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 19% of 19 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.3/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.3/10

Is it financially healthy right now?

ROE -12%: lost 12¢ per shareholder dollar. Leverage 62%: owes 62¢ per asset dollar.

weight 33% of this tense · 23rd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, United Maritime Corporation lost about 12 cents for every dollar of shareholders' money. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 1.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 42% of its family
  • return on equitybottom 3% of its family
  • the share count against the year beforebottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.8/10

How strong is its position in its industry?

bottom 28% of 18 in its family; net margin -16.4%.

weight 45% of this tense · 28th percentile among 18 sector filers · read for its customers

From the record

United Maritime Corporation's standing among 18 graded names in its industry family: revenue of $38 million in fiscal 2025 ranks in the bottom 14% by size; a net margin of -16.4% ranks in the bottom 8%; revenue growth of 18.4% a year over the last 3 filed years ranks in the top 38% (its annual reports).

What it rests on

  • revenue against the family$37.8Mbottom 14% of its family
  • net margin-16.4%bottom 8% of its family
  • three-year revenue growth18.4%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 10 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 10 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: United Maritime Corporation's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 10 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 17 in its family for room to expand.

weight 22% of this tense · 35th percentile among 17 sector filers · read for itself

From the record

United Maritime Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $15 million against debt of $48 million leaves -24% of its assets as net cash, top 45% of its family; cash from operations less capital spending is 4.1% of revenue (bottom 16%) (its annual report).

What it rests on

  • cash less debt against assets-24.0%top 45% of its family
  • cash from operations less capital spending against revenue4.1%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.5/10

What could actually drive growth from here?

bottom 25% of 17 in its family for growth drivers.

weight 45% of this tense · 25th percentile among 17 sector filers · read for its customers

From the record

United Maritime Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 18.4% a year over the last three filed years against 18.4% over all 4, speeding up (top 44% of its family); the newest year grew -16.9% (bottom 15%); capital spending grew -79.8% a year (bottom 5%) (its annual reports). United Maritime Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 44% of its family
  • the newest year's revenue growth-16.9%bottom 15% of its family
  • three-year growth of capital spending-79.8%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.9/10

Did its newest year beat what its own record pointed to?

bottom 9% of 16 in its family for expectations against reality.

weight 33% of this tense · 9th percentile among 16 sector filers · read for its shareholders

From the record

United Maritime Corporation's newest year against its own record: revenue of $38 million in fiscal 2025 came in 41.1% below the $64 million its prior three years' pace pointed to (bottom 3% of its family); net income of $6 million against a prior three-year average of $11 million (bottom 9%); a net margin of -16.4% against 52.6% before (bottom 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-41.1%bottom 3% of its family
  • net income against the prior three years' average-154%bottom 9% of its family
  • net margin against its prior average-68.9 pointsbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton USEA · research, not advice