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 | 408,133 | 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $8.6M | $11.4M | $6.6M | $1.8M | $5.3M |
| Gross profit | — | $1.7M | -$428.9K | — | — | — |
| Net income | — | -$15.1M | -$28.3M | -$50.7M | -$134.9M | -$40.8M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- New debt or obligation Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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