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Side-by-side financial comparison of Clene Inc. (CLNN) and ODYSSEY MARINE EXPLORATION INC (OMEX). Click either name above to swap in a different company.

Clene Inc. is the larger business by last-quarter revenue ($77.0K vs $61.0K, roughly 1.3× ODYSSEY MARINE EXPLORATION INC). Clene Inc. runs the higher net margin — -11981.8% vs -21439.5%, a 9457.7% gap on every dollar of revenue. On growth, Clene Inc. posted the faster year-over-year revenue change (-15.4% vs -71.5%). ODYSSEY MARINE EXPLORATION INC produced more free cash flow last quarter ($-2.1M vs $-4.8M).

Clene Inc. is a clinical-stage biopharmaceutical company that develops novel neuroprotective therapeutics to treat neurodegenerative diseases including amyotrophic lateral sclerosis (ALS), multiple sclerosis, and Parkinson’s disease. It operates primarily in the U.S. market, focusing on advancing its small molecule candidate pipeline through clinical trials to address unmet medical needs.

Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including Ancona, Gairsoppa, Nuestra Señora de las Mercedes, Republic, and HMS Victory. Their work has been featured on the Discovery Channel, PBS and National Geographic.

CLNN vs OMEX — Head-to-Head

Bigger by revenue
CLNN
CLNN
1.3× larger
CLNN
$77.0K
$61.0K
OMEX
Growing faster (revenue YoY)
CLNN
CLNN
+56.1% gap
CLNN
-15.4%
-71.5%
OMEX
Higher net margin
CLNN
CLNN
9457.7% more per $
CLNN
-11981.8%
-21439.5%
OMEX
More free cash flow
OMEX
OMEX
$2.7M more FCF
OMEX
$-2.1M
$-4.8M
CLNN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CLNN
CLNN
OMEX
OMEX
Revenue
$77.0K
$61.0K
Net Profit
$-9.2M
$-13.1M
Gross Margin
70.1%
Operating Margin
-9733.8%
-3494.4%
Net Margin
-11981.8%
-21439.5%
Revenue YoY
-15.4%
-71.5%
Net Profit YoY
31.9%
-170.0%
EPS (diluted)
$-0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLNN
CLNN
OMEX
OMEX
Q4 25
$77.0K
Q3 25
$15.0K
$61.0K
Q2 25
$27.0K
$135.0K
Q1 25
$81.0K
$135.0K
Q4 24
$91.0K
$136.1K
Q3 24
$87.0K
$213.9K
Q2 24
$91.0K
$215.6K
Q1 24
$73.0K
$203.1K
Net Profit
CLNN
CLNN
OMEX
OMEX
Q4 25
$-9.2M
Q3 25
$-8.8M
$-13.1M
Q2 25
$-7.4M
$-14.8M
Q1 25
$-751.0K
$2.2M
Q4 24
$-13.5M
$-5.0M
Q3 24
$-8.0M
$18.7M
Q2 24
$-6.8M
$-1.5M
Q1 24
$-11.1M
$3.5M
Gross Margin
CLNN
CLNN
OMEX
OMEX
Q4 25
70.1%
Q3 25
Q2 25
Q1 25
75.3%
Q4 24
80.2%
Q3 24
79.3%
Q2 24
80.2%
Q1 24
78.1%
Operating Margin
CLNN
CLNN
OMEX
OMEX
Q4 25
-9733.8%
Q3 25
-37653.3%
-3494.4%
Q2 25
-21718.5%
-3241.0%
Q1 25
-5032.1%
-1648.6%
Q4 24
-9511.0%
-1031.0%
Q3 24
-8982.8%
-1340.9%
Q2 24
-8122.0%
-1399.1%
Q1 24
-12646.6%
-2323.0%
Net Margin
CLNN
CLNN
OMEX
OMEX
Q4 25
-11981.8%
Q3 25
-58513.3%
-21439.5%
Q2 25
-27477.8%
-10998.5%
Q1 25
-927.2%
1660.4%
Q4 24
-14889.0%
-3673.4%
Q3 24
-9179.3%
8736.9%
Q2 24
-7456.0%
-708.4%
Q1 24
-15178.1%
1722.6%
EPS (diluted)
CLNN
CLNN
OMEX
OMEX
Q4 25
Q3 25
$-0.31
Q2 25
$-0.48
Q1 25
$0.01
Q4 24
$0.19
Q3 24
$0.13
Q2 24
$-0.07
Q1 24
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLNN
CLNN
OMEX
OMEX
Cash + ST InvestmentsLiquidity on hand
$5.2M
$5.8M
Total DebtLower is stronger
$17.8M
Stockholders' EquityBook value
$-17.6M
$-45.4M
Total Assets
$18.1M
$17.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLNN
CLNN
OMEX
OMEX
Q4 25
$5.2M
Q3 25
$7.9M
$5.8M
Q2 25
$7.3M
$3.6M
Q1 25
$9.8M
$2.5M
Q4 24
$12.2M
$4.8M
Q3 24
$14.6M
$2.9M
Q2 24
$21.7M
$7.6M
Q1 24
$27.9M
$2.1M
Total Debt
CLNN
CLNN
OMEX
OMEX
Q4 25
$17.8M
Q3 25
$17.9M
Q2 25
$16.5M
Q1 25
$16.6M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CLNN
CLNN
OMEX
OMEX
Q4 25
$-17.6M
Q3 25
$-12.4M
$-45.4M
Q2 25
$-8.6M
$-52.8M
Q1 25
$-5.0M
$-13.9M
Q4 24
$-8.9M
$-16.2M
Q3 24
$-4.1M
$-16.1M
Q2 24
$-504.0K
$-35.7M
Q1 24
$4.3M
$-35.1M
Total Assets
CLNN
CLNN
OMEX
OMEX
Q4 25
$18.1M
Q3 25
$22.3M
$17.7M
Q2 25
$22.1M
$16.6M
Q1 25
$25.3M
$15.8M
Q4 24
$27.3M
$18.5M
Q3 24
$31.6M
$21.8M
Q2 24
$40.3M
$26.3M
Q1 24
$45.1M
$20.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLNN
CLNN
OMEX
OMEX
Operating Cash FlowLast quarter
$-4.8M
$-2.1M
Free Cash FlowOCF − Capex
$-4.8M
$-2.1M
FCF MarginFCF / Revenue
-6268.8%
-3438.2%
Capex IntensityCapex / Revenue
36.4%
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLNN
CLNN
OMEX
OMEX
Q4 25
$-4.8M
Q3 25
$-4.0M
$-2.1M
Q2 25
$-4.7M
$-2.0M
Q1 25
$-5.0M
$-2.0M
Q4 24
$-4.9M
$-1.8M
Q3 24
$-3.0M
$-1.6M
Q2 24
$-6.4M
$5.6M
Q1 24
$-7.1M
$-1.7M
Free Cash Flow
CLNN
CLNN
OMEX
OMEX
Q4 25
$-4.8M
Q3 25
$-4.0M
$-2.1M
Q2 25
Q1 25
Q4 24
$-4.9M
$-1.8M
Q3 24
$-3.0M
$-1.6M
Q2 24
$-6.4M
$5.6M
Q1 24
$-7.1M
$-1.8M
FCF Margin
CLNN
CLNN
OMEX
OMEX
Q4 25
-6268.8%
Q3 25
-26686.7%
-3438.2%
Q2 25
Q1 25
Q4 24
-5347.3%
-1302.1%
Q3 24
-3475.9%
-728.7%
Q2 24
-6986.8%
2605.0%
Q1 24
-9716.4%
-873.2%
Capex Intensity
CLNN
CLNN
OMEX
OMEX
Q4 25
36.4%
Q3 25
73.3%
2.6%
Q2 25
0.0%
0.0%
Q1 25
0.0%
0.0%
Q4 24
1.1%
3.0%
Q3 24
1.1%
1.9%
Q2 24
2.2%
9.1%
Q1 24
15.1%
51.2%
Cash Conversion
CLNN
CLNN
OMEX
OMEX
Q4 25
Q3 25
Q2 25
Q1 25
-0.87×
Q4 24
Q3 24
-0.08×
Q2 24
Q1 24
-0.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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