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MARKETS / BALCAO / SFRX
BALCAO · SERVICES-AMUSEMENT & RECREATION SERVICES · SMALL CAP

Seafarer Exploration Corp. SFRX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$-2.7M
In brief

What this company does

The Company’s principal business plan is to develop the infrastructure to engage in rescue archaeology, archaeologically-sensitive exploration and research, recovery and conservation of historic shipwrecks and to eventually monetize the recovery of artifacts. Up to the date of this filing, all tests of new and unproven technology and methods have failed with the exception of the Company’s proprietary SeaSearcher device which discriminates between different metals, including gold and silver. The Company is actively reviewing potential historic shipwreck sites for possible exploration and recovery. It is for those reasons that Seafarer and others feel it is mandatory to develop new advanced technologies that can be utilized to more efficiently conduct exploration and recovery operations. The Company is also actively researching, exploring and testing new technology to help more accurately understand current and future historic shipwreck sites in an unobtrusive manner.

Written from the business description in Seafarer Exploration Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2024 · Revenue 0.0 · Net income -3.9
-2M2007201120142017202020232025
Compound annual growth
−11.8%
+3.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2024 · Operating -20488.5% · Net -23901.9%
-10000%-20000%2007201120142017202020232025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -2.9
-1M-2M2007201120142017202020232025

Total assetsUSD 275,740.00
EquityUSD -3.4M
Gross debtUSD 45,217.00
Current ratio0.02×

Equity funds -1243% of total assets.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092007
Revenue $B·0.00.00.00.00.00.0·······0.00.0··
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0······
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0······
Income tax $B··················
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B·−0.0·−0.0·−0.0····−0.0·······
EPS, diluted $·····0.000.000.000.000.000.000.000.000.000.000.00··
Dividend / sh $··················
Payout %··················
ROE %·················−84.2
Shares out B10.138.948.317.176.185.324.763.522.782.191.330.990.840.74····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 43 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Amusement & Recreation Services
Listed onOTC market
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2007

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