SEACOR Marine Holdings Inc. filed its quarterly report on Form 10-Q with the SEC on October 28, 2026, covering the three and nine months ended September 30, 2026, and reporting a net loss of $21,976 thousand for the nine-month period.

Key Highlights

  • Nine-month net loss: SEACOR Marine reported a net loss of $21,976 thousand for the nine months ended September 30, 2026, compared with a net loss of $13,222 thousand in the same period of 2025.
  • Third-quarter net loss: For the three months ended September 30, 2026, the company reported a net loss of $9,464 thousand, versus net income of $8,994 thousand in the third quarter of 2025.
  • Operating revenues declined: Operating revenues were $57,251 thousand for Q3 2026 and $156,163 thousand for the nine months ended September 30, 2026, down from $59,194 thousand and $175,503 thousand, respectively, in the prior-year periods.
  • Asset disposition gains fell sharply: Gains on asset dispositions and impairments, net, were $38,791 thousand for the nine months ended September 30, 2026, compared with $55,202 thousand for the same period in 2025; the Q3 2026 figure was a net loss of $4 thousand versus a gain of $30,230 thousand in Q3 2025.
  • Total assets decreased: Total assets stood at $616,515 thousand as of September 30, 2026, down from $660,601 thousand at December 31, 2025.
  • Long-term debt reduced: Long-term debt was $281,935 thousand as of September 30, 2026, compared with $304,644 thousand at December 31, 2025.
  • Shares outstanding: As of October 23, 2026, the total number of shares of common stock outstanding was 27,151,122.

SEACOR Marine's Financial Results for the Nine Months Ended September 30, 2026

According to the filing, SEACOR Marine Holdings Inc. (NYSE:SMHI) reported operating revenues of $156,163 thousand for the nine months ended September 30, 2026, a decline from $175,503 thousand in the comparable prior-year period. Total costs and expenses for the nine-month period were $186,760 thousand, compared with $211,825 thousand in the nine months ended September 30, 2025. The company disclosed operating income of $8,194 thousand for the nine-month period after including net gains on asset dispositions of $38,791 thousand, versus operating income of $18,880 thousand in the year-earlier period, which had included $55,202 thousand in such gains.

For the third quarter of 2026, the company reported an operating loss of $1,395 thousand, compared with operating income of $18,066 thousand in Q3 2025. The filing attributes the Q3 2025 result partly to $30,230 thousand in gains on asset dispositions and impairments, net, compared with a net loss of $4 thousand on such items in Q3 2026. Interest expense was $7,581 thousand for Q3 2026 and $24,064 thousand for the nine-month period, according to the filing. Basic and diluted loss per share were $(0.36) for the three months and $(0.85) for the nine months ended September 30, 2026.

On the balance sheet, the company disclosed cash and cash equivalents of $41,924 thousand as of September 30, 2026, down from $68,934 thousand at December 31, 2025. Restricted cash increased to $33,666 thousand from $24,182 thousand over the same period. The accumulated deficit widened to $230,420 thousand from $208,444 thousand at December 31, 2025. Total equity, as reported, was $244,142 thousand at September 30, 2026, compared with $264,672 thousand at year-end 2025. Construction in progress increased to $61,485 thousand from $47,002 thousand at December 31, 2025.

What Was Disclosed

SEACOR Marine Holdings Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting a nine-month net loss of $21,976 thousand, lower operating revenues year-over-year, reduced long-term debt, and a decline in total assets to $616,515 thousand.