Nauticus Robotics, Inc. KITT
Nauticus Robotics, Inc. ("Nauticus," "Nauticus Robotics™," the "Company", "our", "us" or "we") is a technology-driven company specializing in the development of advanced fully electric autonomous robotic solutions for subsea applications. The Company's portfolio includes autonomous, untethered underwater vehicles (AUVs), tethered robotic remotely operated vehicles (ROVs), electric robotic manipulators, a platform-agnostic robotic operating system, and related consulting and prototype services with a strong alignment to offshore energy and national security interests. The technology solutions enable autonomous operations for both the commercial and defense sectors.
Nauticus' addressable markets include upstream, midstream, and downstream oil and gas, defense, offshore renewables, seafloor telecommunications, aquaculture, port security, oceanographic research, and subsea mining. Currently, its primary focus is on oil and gas operations and defense applications.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.3M | $1.8M | $6.6M | $11.4M | $8.6M | — |
| Cost of revenue | — | — | — | $11.9M | $6.9M | — |
| Gross profit | — | — | — | -$428.9K | $1.7M | — |
| R&D | $0 | $82.8K | $1.4M | $2.4M | $3.5M | — |
| SG&A | $14.3M | $13.6M | $18.3M | $15.0M | $4.4M | — |
| Total operating expenses | $29.0M | $25.1M | $61.7M | $29.8M | $15.1M | — |
| Operating income | -$23.7M | -$23.3M | -$55.1M | -$18.4M | -$6.5M | — |
| Interest expense | $8.7M | $5.1M | $8.8M | $3.7M | $725.2K | — |
| Pre-tax income | -$40.8M | -$134.9M | -$50.7M | -$28.3M | — | — |
| Income tax | $0 | $0 | $0 | $0 | — | — |
| Net income | -$40.8M | -$134.9M | -$50.7M | -$28.3M | -$15.1M | — |
| EPS, basic | -10.45 | -330.55 | -44.57 | -1.75 | -1.57 | — |
| EPS, diluted | -10.45 | -330.55 | -44.57 | -1.75 | -1.57 | — |
| Shares, diluted (wtd. avg.) | $6.7M | $408.1K | $1.1M | $19.0M | $9.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $7.0M | $1.2M | $955.2K | $17.8M | $21.0M | $3.3M |
| Short-term investments | — | — | $0 | $5.0M | — | — |
| Receivables | $378.7K | $238.5K | $212.4K | $1.6M | $794.1K | — |
| Inventory | $0 | $880.6K | $2.2M | $6.7M | — | — |
| Total current assets | $9.3M | $4.3M | $9.2M | $37.0M | $23.2M | $25.0K |
| Property, plant and equipment | $21.8M | $17.1M | $15.9M | $15.2M | $1.4M | — |
| Goodwill | $9.6M | $0 | — | — | — | — |
| Other intangibles | $1.3M | $0 | — | — | — | — |
| Total assets | $42.6M | $22.7M | $26.1M | $52.6M | $25.2M | $25.0K |
| Accounts payable | $3.1M | $5.9M | $7.0M | $324.5K | $1.4M | — |
| Short-term debt | — | — | — | — | $13.2M | — |
| Total current liabilities | $35.4M | $12.3M | $17.4M | $3.9M | $16.6M | $1.0K |
| Long-term debt | $21.5M | $28.9M | $31.6M | $15.9M | $14.7M | — |
| Total liabilities | $35.6M | $43.1M | $67.9M | $52.6M | $31.8M | $1.0K |
| Retained earnings | -$323.5M | -$253.7M | -$118.8M | -$68.1M | -$39.8M | -$1.0K |
| Total equity | $7.0M | -$20.4M | -$41.8M | $27.8K | -$6.6M | -$1.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$23.0M | -$24.4M | -$21.7M | -$37.3M | -$7.5M | — |
| Depreciation and amortisation | $2.3M | $1.7M | $729.4K | $516.9K | $365.1K | — |
| Stock-based compensation | $1.3M | $2.3M | $4.4M | $2.6M | $425.6K | — |
| Capital expenditure | $961.8K | $501.6K | $11.6M | $14.2M | $922.5K | — |
| Investing cash flow | -$5.3M | $180.3K | -$6.6M | -$19.2M | -$922.5K | — |
| Financing cash flow | $34.7M | $24.5M | $11.2M | $53.3M | $26.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001849820-26-000070.
Others in SIC 3569
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NDSN | NORDSON CORP | $17.73B | 37.4x | 3.8% |
| RRX | REGAL REXNORD CORP | $10.85B | 38.8x | -1.6% |
| SYM | Symbotic Inc. | $5.50B | — | 25.7% |
| ESAB | ESAB Corp | $4.66B | 20.4x | 3.7% |
| CHRN | ChronoScale Holdings Corp | $2.95B | — | -15.1% |
| OUST | Ouster, Inc. | $2.63B | — | 52.5% |
| SERV | Serve Robotics Inc. /DE/ | $428.8M | — | 46.2% |
| RR | RICHTECH ROBOTICS INC. | $392.6M | — | 19.0% |