Nauticus Robotics, Inc. (KITT)
Nauticus Robotics, Inc. is a company that specializes in creating and delivering advanced robotic technologies and cloud-based software tailored for the maritime industry. Among its core offerings is the Aquanaut, an autonomous underwater vehicle (AUV) equipped with a comprehensive suite of sensors, enabling it to conduct thorough observation and inspection of underwater infrastructure or geological formations. Additionally, they provide the Argonaut, a variant derived from the Aquanaut, specifically designed for governmental and non-industrial purposes. Their portfolio also includes the Olympic Arm, a powerful, all-electric work-class robotic manipulator, which facilitates semi-autonomous operations through its perception-guided decision-making capabilities. Central to their ecosystem is the ToolKITT software suite, an extensive, multi-layered platform that manages a diverse range of ocean robotic vehicles. This software handles everything from navigation and control of vehicles and manipulators to perception, mission planning, and execution of complex tasks. Furthermore, Nauticus Robotics offers the Hydronaut, an autonomous surface vessel that can be optionally crewed. The Hydronaut is designed to support the Aquanaut's real-time operations, particularly in challenging long-range and deep-water commercial scenarios. Established in 2014, the company's headquarters are located in Webster, Texas.
Sector: General Industrial Machinery & Equipment, NEC
Industry: Aerospace & Defense
Nauticus Robotics, Inc.
NASDAQ:KITTIndustrials · Aerospace & Defense
+6.57%$1.46
CLOSED · Nov 3Prev close$1.37+6.57%Close$1.46-5.48%AH close$1.38
AH$1.38-5.48%vs close
Mkt Cap-
Float283K
O/S-
VOL46K sh
$ Vol$65K
RVOL0.53×
Inst Own3.4%
Dilution
Financials Summary
Revenue$5.27M
Net Income-$40.83M
Total Assets$42.61M
Free Cash Flow-$23.97M
Debt & Equity
Debt 76%
Equity 24%
Total Debt$22.15M
Total Equity$7.02M
Shares Outstanding
Short Interest
Split History4 splits · 4 reverse
2-year cumulative
1:432Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:6Reverse splitSep 25, 20266 shares → 1
- 1:8Reverse splitApr 21, 20268 shares → 1
- 1:9Reverse splitSep 5, 20259 shares → 1
- 1:36Reverse splitJul 23, 202436 shares → 1
Balance Sheet Details
Assets$42.61M
Liabilities$35.59M
Accounts Receivable$379K
Accounts Payable$3.13M
Inventory$0
PP&E (Net)$22.39M
Goodwill$9.6M
Intangible Assets$1.28M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $5.27M | $1.81M | $6.61M | $11.43M | $8.59M | $3.99M | $5.82M |
| YoY Growth | 191.8% | -72.6% | -42.2% | 33.1% | 115.1% | -31.4% | - |
| Cost of Revenue | $12.34M | $9.73M | $11.93M | $11.86M | $6.85M | $4.06M | $6.93M |
| Gross Profit | -$7.06M | -$7.92M | -$5.32M | -$429K | $1.74M | -$66K | -$1.11M |
| Gross Margin | -133.9% | -438.4% | -80.6% | -3.8% | 20.3% | -1.6% | -19.1% |
| Research and Development | $0 | $83K | $1.4M | $2.38M | $3.53M | $4.95M | $5.71M |
| Selling, General, and Administrative | $14.32M | $13.37M | $18.27M | $15.06M | $4.36M | $3.32M | $2.46M |
| Other | $2.34M | $1.74M | $30.1M | $517K | $365K | $400K | $359K |
| Total Operating Expenses | $16.67M | $15.19M | $49.78M | $17.95M | $8.26M | $8.67M | $8.53M |
| Operating Income (EBIT) | -$23.73M | -$23.11M | -$55.1M | -$18.38M | -$6.52M | -$8.74M | -$9.64M |
| Operating Margin | -449.8% | -1278.9% | -834.0% | -160.7% | -75.9% | -218.7% | -165.5% |
| Interest Expense | $8.73M | $5.11M | $8.78M | $3.71M | $725K | $67K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $209K |
| Other Income (Expense) | -$17.1M | -$111.79M | $4.41M | -$9.88M | -$8.61M | $1.54M | $299K |
| Income Before Tax (EBT) | -$40.83M | -$134.91M | -$50.69M | -$28.26M | -$15.13M | -$7.19M | -$9.34M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$40.83M | -$134.91M | -$50.69M | -$28.26M | -$15.13M | -$7.19M | -$9.34M |
| Net Income Margin | -774.0% | -7463.8% | -767.2% | -247.1% | -176.1% | -180.1% | -160.4% |
| Supplementary Data | |||||||
| EPS | -501.60 | -15867.36 | -19254.24 | -27216.00 | -349.92 | -0.78 | -169676.64 |
| Diluted EPS | -501.60 | -15867.36 | -19254.24 | -27216.00 | -349.92 | -0.78 | -169629.12 |
| Weighted Average OS | 139,205 | 8,502 | 2,632 | 43,936 | 49,908 | 49,908 | 55 |
| EBITDA | -$29.75M | -$127.72M | -$41.18M | -$24.03M | -$14.04M | -$8.34M | -$9.28M |
| EBITDA Margin | -564.0% | -7066.1% | -623.4% | -210.1% | -163.4% | -208.7% | -159.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $7.02M | $1.19M | $753K | $17.79M | $20.95M | $3.3M | $4.26M |
| Short-Term Investments | $0 | $0 | $0 | $4.96M | $0 | $0 | $1M |
| Cash and Short-Term Investments | $7.02M | $1.19M | $753K | $22.75M | $20.95M | $3.3M | $5.26M |
| Accounts Receivable | $379K | $239K | $907K | $2.2M | $1.69M | $135K | $603K |
| Inventory | $0 | $881K | $2.2M | $6.67M | $96K | $251K | $0 |
| Other Current Assets | $803K | $626K | $3.47M | $307K | $255K | $253K | $255K |
| Total Current Assets | $9.25M | $4.32M | $9.22M | $36.96M | $23.17M | $3.69M | $6.12M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $22.39M | $18.21M | $16.74M | $15.48M | $1.95M | $1.6M | $2.18M |
| Goodwill | $9.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.28M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $91K | $154K | $188K | $155K | $47K | $47K | $47K |
| Total Long-Term Assets | $33.36M | $18.36M | $16.93M | $15.64M | $2M | $1.65M | $2.22M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $42.61M | $22.69M | $26.15M | $52.6M | $25.17M | $5.33M | $8.34M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $3.13M | $5.92M | $7.04M | $324K | $1.4M | $60K | $143K |
| Short-Term Debt | $21.51M | $0 | $0 | $0 | $13.25M | $3.48M | $460K |
| Current Income Tax Payable | $0 | $429K | $885K | $172K | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $346K | $2.77M | $0 | $374K | $1.81M | $0 |
| Other Current Liabilities | $656K | $2.42M | $2.88M | $1.5M | $349K | $0 | $0 |
| Total Current Liabilities | $35.38M | $12.3M | $17.39M | $3.88M | $16.58M | $6.04M | $1.5M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $28.94M | $31.6M | $15.92M | $14.71M | $0 | $485K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $11K | $1.08M | $18.38M | $32.69M | $21K | $0 | $0 |
| Total Long-Term Liabilities | $215K | $30.78M | $50.55M | $48.7M | $15.2M | $726K | $1.5M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $35.59M | $43.08M | $67.94M | $52.58M | $31.78M | $6.76M | $3M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $4 | $0 | $0 | $11K | $11K | $11K |
| Common Stock | $3K | $976 | $5K | $5K | $967 | $10K | $10K |
| Retained Earnings | -$323.52M | -$253.7M | -$118.79M | -$68.11M | -$39.84M | -$24.72M | -$17.52M |
| Comprehensive Income & Other | -$42K | -$42K | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $330.54M | $233.3M | $77M | $68.13M | $33.23M | $23.28M | $22.86M |
| Total Equity | $7.02M | -$20.4M | -$41.79M | $28K | -$6.61M | -$1.43M | $5.35M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $42.61M | $22.69M | $26.15M | $52.6M | $25.17M | $5.33M | $8.34M |
| Supplementary Data | |||||||
| Total Debt | $22.15M | $30.14M | $32.42M | $16.42M | $28.78M | $4.64M | $2.39M |
| Net Debt | $15.13M | $28.95M | $31.66M | -$1.37M | $7.83M | $1.34M | -$1.87M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$40.83M | -$134.91M | -$50.69M | -$28.26M | -$15.13M | -$7.19M | -$9.34M |
| Depreciation & Amortization | $2.34M | $1.74M | $729K | $517K | $365K | $400K | $359K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $9.48M | $0 | -$609K |
| Stock-Based Compensation | $1.3M | $2.3M | $4.43M | $2.6M | $426K | $417K | $367K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$2K | -$26K | $1.98M | -$828K | -$721K | $469K | $242K |
| Inventory | $41K | -$59K | -$11.33M | -$6.67M | $0 | $0 | $0 |
| Accounts Payable | $0 | -$1.7M | $9.4M | -$7.73T | $0 | $0 | $0 |
| Other Working Capital | -$926K | -$778K | $3.73M | $7.73T | -$584K | $1.17M | -$248K |
| Total Working Capital Change | -$887K | -$2.56M | $3.78M | -$20.13M | -$1.31M | $1.64M | -$6K |
| Other Non-Cash Items | $15.07M | $109.22M | $20.06M | $8M | $235K | $238K | $824K |
| Net Cash from Operating | -$23M | -$24.2M | -$21.69M | -$37.27M | -$5.92M | -$4.5M | -$8.4M |
| Investing Activities | |||||||
| Capital Expenditures | -$962K | -$502K | -$11.63M | -$14.25M | -$922K | -$3K | -$390K |
| Acquisitions | -$4.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$4.96M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $5M | $0 | $0 | $1M | $0 |
| Other Investing Activities | $150 | $682K | $39K | $0 | $0 | $0 | $10.88M |
| Net Cash from Investing | -$5.33M | $180K | -$6.59M | -$19.21M | -$922K | $996K | $10.49M |
| Financing Activities | |||||||
| Debt Repaid | - | -$16.45M | -$11.1M | -$19.95M | -$26.04M | $460K | - |
| Common Stock Issuance | $31.95M | $9.86M | $759K | $31M | $169.05M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$1.82M | -$608K | $2.37M | -$170.59M | $0 | $0 |
| Net Cash from Financing | $34.72M | $24.5M | $11.25M | $53.32M | $24.5M | $2.54M | $0 |
| Forex Effect | $0 | -$42K | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $6.38M | $433K | -$17.03M | -$3.17M | $17.65M | -$963K | $2.09M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$23M | -$24.2M | -$21.69M | -$37.27M | -$5.92M | -$4.5M | -$8.4M |
| Capital Expenditure | -$962K | -$502K | -$11.63M | -$14.25M | -$922K | -$3K | -$390K |
| Free Cash Flow | -$23.97M | -$24.7M | -$33.32M | -$51.52M | -$6.85M | -$4.5M | -$8.79M |
| Cash at Beginning | $1.24M | $753K | $17.79M | $20.95M | $3.3M | $4.26M | $2.18M |
| Cash at End | $7.62M | $1.19M | $753K | $17.79M | $20.95M | $3.3M | $4.26M |