Nauticus Robotic Financials
Financial Health Signals
Nauticus Robotic passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Nauticus Robotic generates $0.18 in operating cash flow (-$24.2M OCF vs -$134.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Nauticus Robotic earns $-4.5 in operating income for every $1 of interest expense (-$23.1M vs $5.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Nauticus Robotic (KITT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Nauticus Robotic generated $1.8M in revenue in fiscal year 2024. This represents a decrease of 72.6% from the prior year.
Nauticus Robotic's EBITDA was -$21.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.7% from the prior year.
Nauticus Robotic reported -$134.9M in net income in fiscal year 2024. This represents a decrease of 166.2% from the prior year.
Nauticus Robotic earned $-36.73 per diluted share (EPS) in fiscal year 2024. This represents an increase of 17.6% from the prior year.
Nauticus Robotic held $1.2M in cash against $28.9M in long-term debt as of fiscal year 2024.
Nauticus Robotic had 1M shares outstanding in fiscal year 2024. This represents a decrease of 22.0% from the prior year.
Nauticus Robotic's operating margin was -1278.9% in fiscal year 2024, reflecting core business profitability. This is down 444.8 percentage points from the prior year.
Nauticus Robotic's net profit margin was -7463.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6696.6 percentage points from the prior year.
Nauticus Robotic invested $83K in research and development in fiscal year 2024. This represents a decrease of 94.1% from the prior year.
KITT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M-4.8% | $2.1M+1156.0% | $165K-64.9% | $471K-6.1% | $502K+8.0% | $464K-56.3% | $1.1M-33.3% | $1.6M |
| Cost of Revenue | $4.3M+21.8% | $3.5M+182.8% | $1.2M-53.2% | $2.6M-7.9% | $2.9M+37.3% | $2.1M | N/A | $2.7M |
| Gross Profit | -$2.3M-60.3% | -$1.4M-33.0% | -$1.1M+52.9% | -$2.3M+4.0% | -$2.4M-45.7% | -$1.6M | N/A | -$1.1M |
| R&D Expenses | $0 | $0 | $0-100.0% | $19K | $0-100.0% | $64K-84.7% | $415K+50.7% | $275K |
| SG&A Expenses | $3.0M-31.4% | $4.4M+1.4% | $4.3M+11.4% | $3.9M+19.8% | $3.2M-5.9% | $3.4M+332.1% | $794K-88.2% | $6.7M |
| Operating Income | -$5.9M+7.7% | -$6.4M-8.7% | -$5.9M+2.0% | -$6.0M+0.5% | -$6.0M-8.3% | -$5.5M+83.8% | -$34.2M-317.2% | -$8.2M |
| Interest Expense | $1.2M+1.0% | $1.2M+8.5% | $1.1M-14.9% | $1.3M+12.4% | $1.2M-21.0% | $1.5M-49.1% | $2.9M-32.9% | $4.3M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Net Income | -$6.6M+10.9% | -$7.5M+1.5% | -$7.6M+91.0% | -$84.5M-1961.7% | $4.5M+106.2% | -$72.8M-84.2% | -$39.5M-123.7% | -$17.7M |
| EPS (Diluted) | $-2.60 | $-0.26+7.1% | $-0.28 | $26.37 | $-1.12 | $-58.75 | $-46.45 | $-15.46 |
KITT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.8M+2.2% | $41.9M-13.6% | $48.5M+113.7% | $22.7M-27.3% | $31.2M+6.0% | $29.4M+12.6% | $26.1M-53.6% | $56.3M |
| Current Assets | $9.6M+20.4% | $8.0M-42.5% | $13.9M+220.8% | $4.3M-67.1% | $13.1M+11.0% | $11.8M+28.1% | $9.2M-66.9% | $27.9M |
| Cash & Equivalents | $5.5M+106.2% | $2.7M-73.5% | $10.1M+747.7% | $1.2M-85.4% | $8.1M+31.3% | $6.2M+721.3% | $753K-88.9% | $6.8M |
| Inventory | $915K+0.2% | $913K-4.5% | $956K+8.6% | $881K-60.3% | $2.2M+0.1% | $2.2M+0.7% | $2.2M-84.2% | $14.0M |
| Accounts Receivable | $1.1M-51.9% | $2.3M+598.6% | $327K+37.0% | $239K+35.2% | $176K+12.2% | $157K-25.9% | $212K-78.7% | $997K |
| Goodwill | $10.7M0.0% | $10.7M0.0% | $10.7M | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $46.9M-1.3% | $47.6M+1.3% | $47.0M+9.0% | $43.1M-64.9% | $122.6M-13.7% | $142.2M+109.3% | $67.9M+15.1% | $59.0M |
| Current Liabilities | $46.5M+153.9% | $18.3M+2.9% | $17.8M+44.7% | $12.3M+12.4% | $10.9M-20.0% | $13.7M-21.3% | $17.4M+34.2% | $13.0M |
| Long-Term Debt | $30.0M+8.5% | $27.7M+0.7% | $27.5M-5.0% | $28.9M-73.6% | $109.5M-7.7% | $118.6M+275.2% | $31.6M+5.6% | $29.9M |
| Total Equity | -$4.1M+27.4% | -$5.7M-473.0% | $1.5M+107.5% | -$20.4M+77.7% | -$91.5M+18.9% | -$112.8M-169.8% | -$41.8M-1461.4% | -$2.7M |
| Retained Earnings | -$278.8M-3.7% | -$268.7M-2.9% | -$261.3M-3.0% | -$253.7M-35.6% | -$187.1M+2.4% | -$191.6M-61.3% | -$118.8M-49.9% | -$79.2M |
KITT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.9M+32.9% | -$7.4M-10.6% | -$6.6M-63.3% | -$4.1M+51.5% | -$8.4M-26.0% | -$6.7M-31.6% | -$5.1M-40.0% | -$3.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$1K-547.6% | $250+100.0% | -$3.9M-1978.5% | $209K+3322.0% | $6K-91.1% | $68K+108.1% | -$849K+81.7% | -$4.6M |
| Financing Cash Flow | $7.8M+22561.9% | -$35K-100.2% | $19.4M+804.1% | $2.1M-79.2% | $10.3M-14.2% | $12.0M+11286.7% | -$108K-101.0% | $10.7M |
| Dividends Paid | $3.4M | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KITT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -115.9%-47.0pp | -68.8%+580.9pp | -649.7%-34.4pp | -615.3%-142.2pp | -473.1%-122.2pp | -350.9% | N/A | -66.3% |
| Operating Margin | -297.4%+9.6pp | -307.0%+3241.3pp | -3548.3%-2278.6pp | -1269.7%-71.3pp | -1198.4%-3.4pp | -1195.1%+2021.0pp | -3216.1%-2701.7pp | -514.4% |
| Net Margin | -335.9%+23.2pp | -359.1%+4219.9pp | -4579.1%+13361.6pp | -17940.7%-18845.8pp | 905.1%+16591.2pp | -15686.1%-11968.3pp | -3717.8%-2608.6pp | -1109.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -15.5%+2.3pp | -17.8%-2.2pp | -15.6%+357.1pp | -372.7%-387.2pp | 14.5%+262.0pp | -247.5%-96.3pp | -151.2%-119.8pp | -31.4% |
| Current Ratio | 0.21-0.2 | 0.44-0.3 | 0.78+0.4 | 0.35-0.8 | 1.20+0.3 | 0.86+0.3 | 0.53-1.6 | 2.15 |
| Debt-to-Equity | -7.29-2.4 | -4.88-22.9 | 18.06+19.5 | -1.42-0.2 | -1.20-0.1 | -1.05-0.3 | -0.76+10.4 | -11.18 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$20.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Nauticus Robotic's annual revenue?
Nauticus Robotic (KITT) reported $1.8M in total revenue for fiscal year 2024. This represents a -72.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nauticus Robotic's revenue growing?
Nauticus Robotic (KITT) revenue declined by 72.6% year-over-year, from $6.6M to $1.8M in fiscal year 2024.
Is Nauticus Robotic profitable?
No, Nauticus Robotic (KITT) reported a net income of -$134.9M in fiscal year 2024, with a net profit margin of -7463.8%.
What is Nauticus Robotic's earnings per share (EPS)?
Nauticus Robotic (KITT) reported diluted earnings per share of $-36.73 for fiscal year 2024. This represents a 17.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Nauticus Robotic's EBITDA?
Nauticus Robotic (KITT) had EBITDA of -$21.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nauticus Robotic have?
As of fiscal year 2024, Nauticus Robotic (KITT) had $1.2M in cash and equivalents against $28.9M in long-term debt.
What is Nauticus Robotic's operating margin?
Nauticus Robotic (KITT) had an operating margin of -1278.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Nauticus Robotic's net profit margin?
Nauticus Robotic (KITT) had a net profit margin of -7463.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Nauticus Robotic's operating cash flow?
Nauticus Robotic (KITT) generated -$24.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nauticus Robotic's total assets?
Nauticus Robotic (KITT) had $22.7M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Nauticus Robotic spend on research and development?
Nauticus Robotic (KITT) invested $83K in research and development during fiscal year 2024.
How many shares does Nauticus Robotic have outstanding?
Nauticus Robotic (KITT) had 1M shares outstanding as of fiscal year 2024.
What is Nauticus Robotic's current ratio?
Nauticus Robotic (KITT) had a current ratio of 0.35 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Nauticus Robotic's debt-to-equity ratio?
Nauticus Robotic (KITT) had a debt-to-equity ratio of -1.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nauticus Robotic's return on assets (ROA)?
Nauticus Robotic (KITT) had a return on assets of -594.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nauticus Robotic's cash runway?
Based on fiscal year 2024 data, Nauticus Robotic (KITT) had $1.2M in cash against an annual operating cash burn of $24.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Nauticus Robotic's debt-to-equity ratio negative or unusual?
Nauticus Robotic (KITT) has negative shareholder equity of -$20.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Nauticus Robotic's Piotroski F-Score?
Nauticus Robotic (KITT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nauticus Robotic's earnings high quality?
Nauticus Robotic (KITT) has an earnings quality ratio of 0.18x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nauticus Robotic cover its interest payments?
Nauticus Robotic (KITT) has an interest coverage ratio of -4.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.