SEACOR Marine Holdings Inc.
Business
SEACOR Marine Holdings Inc. operates a global fleet of offshore support vessels providing cargo and personnel delivery, production support, construction, well work-over, decommissioning and underwater equipment services. The fleet comprises platform supply vessels, fast support vessels, liftboats and anchor handling towing supply vessels deployed across the United States Gulf of America, Africa and Europe, the Middle East and Asia, and Latin America. Services are provided through time charter and bareboat charter arrangements to oil and gas, construction and offshore wind customers.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating Revenues | 228 | 271 | 280 | 217 | 171 | |
| Operating | 182 | 197 | 160 | 172 | 127 | |
| Administrative and general | 47 | 45 | 49 | 41 | 38 | |
| Lease expense | 1 | 2 | 3 | 4 | 6 | |
| Depreciation and amortization | 47 | 52 | 54 | 56 | 57 | |
| Costs and expenses | 278 | 295 | 265 | 273 | 229 | |
| Gains on Asset Dispositions and Impairments, Net | 63 | 13 | 21 | 1 | 20 | |
| Operating Income (Loss) | 14 | −10 | 36 | −54 | −37 | |
| Interest income | 2 | 2 | 1 | 784,000 | 1 | |
| Interest expense | −36 | −41 | −38 | −30 | — | |
| Loss on debt extinguishment | 0 | −32 | −2 | 10 | 62 | |
| Derivative gains (losses), net | 156,000 | −908,000 | 608,000 | 0 | 391,000 | |
| Foreign currency losses, net | −3 | −1 | −2 | 2 | −1 | |
| Gains on insurance claim settlement | 5 | 0 | 0 | — | — | |
| Other, net | −189,000 | 121,000 | 0 | 755,000 | — | |
| Nonoperating income (expense) | −33 | −73 | −40 | −16 | 44 | |
| Loss Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies | −19 | −83 | −4 | −70 | 7 | |
| Current | 13 | 11 | 14 | 8 | 7 | |
| Deferred | −3 | −14 | −5 | 97,000 | 5 | |
| Income Tax (Benefit) Expense | 11 | −3 | 9 | 9 | 11 | |
| Loss Before Equity in Earnings of 50% or Less Owned Companies | −30 | −80 | −13 | −79 | −5 | |
| Equity in Earnings of 50% or Less Owned Companies | 2 | 2 | 4 | 7 | 15 | |
| Net Loss | −28 | −78 | −9 | −72 | 33 | |
| Basic (per share) | −1.06 | −2.82 | −0.34 | −2.69 | 1.3 | |
| Diluted (per share) | −1.06 | −2.82 | −0.34 | −2.69 | 1.3 | |
| Basic (shares) | 26 | 28 | 27 | 27 | 25 | |
| Diluted (shares) | 26 | 28 | 27 | 27 | 25 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 69 | 59 | 67 | 40 | 38 | |
| Restricted cash | 24 | 17 | 17 | 3 | 4 | |
| Trade, net of allowance for credit loss of $4,135 and $4,745 in 2025 and 2024, respectively | 65 | 70 | 64 | 54 | 56 | |
| Other | 3 | 8 | 11 | 7 | 6 | |
| Tax receivable | 817,000 | 2 | 983,000 | 578,000 | 1 | |
| Inventories | 2 | 3 | 2 | 2 | 928,000 | |
| Prepaid expenses and other | 5 | 4 | 3 | 3 | 4 | |
| Assets held for sale | 11 | 11 | 500,000 | 7 | 2 | |
| Total current assets | 180 | 174 | 165 | 132 | 111 | |
| Historical cost | 777 | 900 | 919 | 968 | — | |
| Accumulated depreciation | −349 | −367 | −324 | −311 | −302 | |
| Property and equipment | 428 | 533 | 595 | 657 | 706 | |
| Construction in progress | 47 | 12 | 10 | 8 | 16 | |
| Net property and equipment | 475 | 545 | 605 | 665 | 721 | |
| Right-of-use asset - operating leases | 982,000 | 3 | 4 | 6 | 7 | |
| Right-of-use asset - finance leases | 19,000 | 36,000 | 37,000 | 7 | 100,000 | |
| Investments, at equity, and advances to 50% or less owned companies | 3 | 4 | 4 | 3 | 72 | |
| Other assets | 2 | 2 | 2 | 2 | 2 | |
| Total assets | 661 | 727 | 780 | 815 | 913 | |
| Current portion of operating lease liabilities | 405,000 | 606,000 | 2 | 2 | 2 | |
| Current portion of finance lease liabilities | 12,000 | 17,000 | 35,000 | 468,000 | 33,000 | |
| Current portion of long-term debt | 30 | 28 | 28 | — | — | |
| Accounts payable | 21 | 29 | 28 | — | — | |
| Accrued wages and benefits | 5 | 5 | 5 | 4 | 4 | |
| Accrued interest | 0 | 2 | 2 | 2 | 2 | |
| Accrued capital, repair and maintenance expenditures | 3 | 9 | 2 | 3 | 2 | |
| Unearned revenue | 1 | 3 | 687,000 | 2 | 2 | |
| Accrued insurance deductibles and premiums | 3 | 4 | 3 | 2 | 3 | |
| Derivatives | 0 | 464,000 | — | — | 2 | |
| Other current liabilities | 6 | 5 | 6 | 5 | 7 | |
| Total current liabilities | 71 | 85 | 77 | 121 | 85 | |
| Long-term operating lease liabilities | 607,000 | 3 | 4 | 5 | 5 | |
| Long-term finance lease liabilities | 8,000 | 20,000 | 6,000 | 7 | 76,000 | |
| Long-term debt | 305 | 317 | 288 | — | — | |
| Deferred income taxes | 19 | 22 | 36 | 41 | 41 | |
| Deferred gains and other liabilities | 565,000 | 1 | 2 | 3 | 3 | |
| Total liabilities | 396 | 429 | 406 | 436 | 466 | |
| Common stock, $.01 par value, 60,000,000 shares authorized; 28,049,242 and 28,466,326 shares issued in 2025 and 2024, respectively | 280,000 | 287,000 | 280,000 | 272,000 | 262,000 | |
| Additional paid-in capital | 472 | 479 | 473 | 467 | 462 | |
| Accumulated deficit | −208 | −181 | −102 | −93 | −23 | |
| Shares held in treasury of 1,097,456 and 796,965 in 2025 and 2024, respectively, at cost | −10 | −8 | −4 | −2 | −1 | |
| Accumulated other comprehensive income, net of tax | 10 | 7 | 8 | 7 | 8 | |
| Total stockholders equity | 264 | 298 | 374 | 379 | 446 | |
| Noncontrolling interests in subsidiaries | 321,000 | 321,000 | 321,000 | 321,000 | 320,000 | |
| Total equity | 265 | 298 | 374 | 379 | 447 | |
| Total liabilities and equity | 661 | 727 | 780 | 815 | 913 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred financing cost amortization | 173,000 | 1 | 2 | 8,000 | 1 | |
| Stock-based compensation expense | 6 | 6 | 6 | 5 | 5 | |
| Debt discount amortization | 937,000 | 8 | 7 | 7 | 7 | |
| Allowance for credit losses | −613,000 | 202,000 | 4 | 489,000 | 863,000 | |
| Losses on debt extinguishment | 0 | 28 | 177,000 | −13 | −63 | |
| Interest on finance leases | 4,000 | 3,000 | 202,000 | 244,000 | 4,000 | |
| Settlement on derivative transactions, net | −308,000 | 164,000 | 577,000 | −749,000 | −2 | |
| Dividends received from 50% or less owned companies | 3 | 3 | 2 | 3 | 5 | |
| Accounts receivables | 11 | −5 | −17 | −652,000 | 22 | |
| Other assets | 75,000 | −1 | 2 | 3 | 3 | |
| Accounts payable and accrued liabilities | −12 | 3 | −13 | 8 | 471,000 | |
| Net cash (used in) provided by operating activities | −36 | −10 | 9 | −15 | — | |
| Purchases of property and equipment | −49 | −7 | −11 | −462,000 | −7 | |
| Proceeds from disposition of property and equipment | 129 | 25 | 45 | 7 | 30 | |
| Principal payments on notes due from others | 0 | 0 | 15 | 14 | 0 | |
| Net cash provided by investing activities | 80 | 18 | 49 | 58 | — | |
| Payments on long-term debt | −28 | −24 | −29 | −38 | −78 | |
| Payments on debt extinguishment | 0 | −329 | −132 | 0 | 0 | |
| Payments on debt extinguishment costs | 0 | −4 | −2 | −2 | −755,000 | |
| Proceeds from issuance of long-term debt, net of debt discount and issuance costs | 16 | 345 | 148 | 0 | 0 | |
| Payments on finance leases | −20,000 | −41,000 | −531,000 | −351,000 | −30,000 | |
| Payments for repurchase of common stock | −7 | 0 | 0 | — | — | |
| Payments for repurchase of warrants | −7 | 0 | 0 | — | — | |
| Proceeds from issuance of common stock, net of issuance costs | 0 | 0 | 24,000 | 0 | 10,000 | |
| Proceeds from exercise of stock options and warrants | 0 | 140,000 | 6,000 | 151,000 | 1,000 | |
| Tax withholdings on restricted stock vesting | −2 | −4 | −2 | −732,000 | −272,000 | |
| Net cash used in financing activities | −27 | −15 | −17 | −41 | — | |
| Effects of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | 0 | 0 | 3,000 | −4,000 | — | |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 17 | −8 | 41 | 2 | 2 | |
| Cash paid for interest, excluding capitalized interest | 35 | 36 | 31 | 25 | 24 | |
| Income taxes paid, net | −49,000 | −625,000 | −3 | — | — | |
| (Decrease) increase in capital expenditures in accounts payable and accrued liabilities | −6 | 6 | 371,000 | 0 | 10 | |
| Recognition of a new right-of-use asset - operating leases | 0 | 0 | 499,000 | 2 | 4 | |
| Recognition of a new right-of-use asset - finance leases | 0 | 34,000 | 0 | 7 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SEACOR Marine Holdings Inc.'s CIK number?
SEACOR Marine Holdings Inc.'s SEC CIK number is 0001690334 (1690334). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SEACOR Marine Holdings Inc.'s SEC filings?
All of SEACOR Marine Holdings Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SEACOR Marine Holdings Inc. last report earnings?
SEACOR Marine Holdings Inc. (SMHI) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001690334-26-000009). This is SEACOR Marine Holdings Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SEACOR Marine Holdings Inc.'s most recent earnings 8-K?
SEACOR Marine Holdings Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001690334-26-000009. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SEACOR Marine Holdings Inc.'s latest earnings 8-K →
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