Nauticus Robotics, Inc. Reports 2025 Year-End Results and Earnings Call Timing; Advances Commercialization of Autonomous Subsea Solutions
Rhea-AI Summary
Nauticus Robotics (NASDAQ: KITT) reported 2025 results and commercial progress on April 16, 2026. Full‑year revenue rose to $5.3M from $1.8M in 2024, while net loss narrowed to $40.8M (basic loss per share $10.45). Cash was $7.6M as of December 31, 2025. Key operational items include the SeaTrepid acquisition, in‑field Nauticus ToolKITT deployments, Aquanaut depth operation to 2,300 meters, and a strategic UAE agreement with an initial $3M investment and up to $50M potential. A 2025 earnings call is scheduled for April 24, 2026.
Positive
- Revenue increased to $5.3M in 2025 (from $1.8M)
- Completed SeaTrepid acquisition expanding commercial ROV services
- In‑field deployment of Nauticus ToolKITT on work‑class ROVs
- Aquanaut operated to 2,300 meters demonstrating deepwater readiness
- $3M initial UAE investment with potential to scale to $50M
- Cash and cash equivalents of $7.6M at year end
Negative
- Full‑year net loss of $40.8M, basic loss per share $10.45
- Q4 net loss of $19.2M (basic loss per share $3.69)
- Adjusted net loss widened to $31.1M for 2025
- Total 2025 expenses of $29.0M
- Q4 revenue $1.1M down from Q3 $2.0M (≈45% QoQ decline)
News Market Reaction – KITT
In the Apr 17 session, KITT declined 20.26%, reflecting a significant negative market reaction. Argus tracked a peak move of +5.8% during that session. Argus tracked a trough of -32.9% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 13 | Management change | Positive | +10.6% | Appointment of new General Counsel following prior counsel’s departure. |
| Apr 01 | Filing delay notice | Negative | -0.1% | Announcement of Form 10-K filing delay and use of Form 12b-25. |
| Mar 26 | Earnings call timing | Neutral | -7.2% | Scheduling of year-end 2025 earnings conference call and access details. |
| Mar 23 | Investor event | Neutral | -0.7% | CEO participation in Water Tower Research fireside chat on strategy and outlook. |
| Feb 19 | Growth strategy update | Positive | +5.5% | Leadership hires and Aquanaut manufacturing expansion to support growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent KITT headlines often saw price gains on corporate/leadership news, while neutral events like conference logistics sometimes coincided with selloffs.
Over the last six months, Nauticus issued several corporate updates, including leadership changes, financing and listing actions, and communications around its 2025 results. News on leadership enhancements and a new General Counsel saw positive moves of 5.5% and 10.59%, while neutral items like conference call timing and investor events sometimes coincided with declines of up to 7.23%. Today’s full-year 2025 results and commercialization progress build on those prior operational and financing milestones.
Key Terms
rov technical
non-gaap financial
manipulator technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Revenue Growth, Expanded Customer Engagement, and Nauticus ToolKITT™ Deployment Drive Momentum into 2026
John Gibson, Nauticus Robotics™ President and CEO, stated, "2025 was a foundational year for Nauticus. We strengthened our balance sheet, successfully integrated SeaTrepid into our operations, and advanced our autonomy platform through real-world deployments. The successful installation of Nauticus ToolKITT™ on both our systems and third-party ROVs marks a significant step toward scalable, software-driven growth. At the same time, we expanded our operational capabilities, diversified our customer base, and demonstrated our technology in commercial environments. As we enter 2026, we are focused on execution – converting these technical and operational gains into repeatable revenue and long-term customer relationships."
STRATEGIC AND OPERATIONAL HIGHLIGHTS
Strategic Execution and Integration Progress
During 2025, Nauticus completed the acquisition and integration of SeaTrepid, significantly expanding its operational footprint and enabling immediate participation in commercial ROV services. This integration provided a platform to deploy Nauticus ToolKITT across active offshore projects, accelerating the transition from development to commercialization. The Company also strengthened its balance sheet and improved liquidity, positioning Nauticus for more consistent execution moving forward.
Expansion into International Markets
Nauticus advanced its international growth strategy through a newly established relationship with Master Investment Group in the
Advancement of Autonomy and Software Platform
Nauticus ToolKITT continued to demonstrate its value as a modular autonomy platform capable of deployment across multiple vehicle types. In 2025, the Company achieved successful in-field deployment of Nauticus ToolKITT on work-class ROV systems, enabling enhanced navigation, station-keeping, and operational efficiency. These deployments validated the platform's ability to reduce operator workload and improve inspection quality, while also opening opportunities to expand into third-party vehicle ecosystems.
Operational Milestones and Technology Progress
The Company achieved several key technical milestones during the year. The Aquanaut® vehicle successfully operated at depths of 2,300 meters, demonstrating readiness for deepwater applications. In parallel, Nauticus significantly expanded its testing capabilities through a dedicated facility in
In addition, Nauticus continued advancing its subsea electric manipulation capabilities. The Company progressed its collaboration with Forum Energy Technologies (FET) on the Olympic Arm™, while also completing the design of a next-generation three-joint manipulator for integration with Aquanaut. Component procurement for this system is underway, with delivery expected in early 2026 and a prototype targeted for deployment thereafter. These developments are expected to enhance Aquanaut's ability to perform complex intervention tasks and expand its applicability across a broader range of subsea operations.
Market Demand and Commercial Momentum
Nauticus delivered strong revenue growth in 2025, supported by both new customer acquisition and deeper engagement with existing clients. The Company's customer base now spans major offshore operators, renewable energy providers, and government-related opportunities, reflecting the versatility of its solutions. Demand for autonomous capabilities continues to increase as operators seek to reduce costs, improve safety, and enhance data quality. Nauticus is focused on converting this growing interest into long-term contracts and repeatable revenue streams in 2026.
Government and Emerging Market Opportunities
The Company is actively pursuing opportunities in government and defense markets, particularly in subsea infrastructure monitoring and maritime security applications. Regulatory momentum around subsea mineral extraction is expected to drive new offshore activity beginning in 2026, while increased geopolitical focus on critical maritime infrastructure is creating additional demand for Nauticus' capabilities. The Company believes its autonomous solutions are well aligned with these emerging market needs.
CUSTOMER DEMAND AND OUTLOOK
As Nauticus enters 2026, the Company is focused on disciplined execution and commercialization. Key priorities include expanding deployments of Nauticus ToolKITT across both Company-owned and third-party systems, scaling operations in international markets, and converting customer engagement into long-term revenue-generating contracts.
With a strengthened balance sheet, improved operational infrastructure, and increasing market demand for autonomous solutions, Nauticus believes it is well positioned to deliver continued progress and build long-term shareholder value.
FINANCIAL HIGHLIGHTS
Revenue: Nauticus reported fourth-quarter revenue of
Operating Expenses: Total expenses during the fourth quarter were
Adjusted Net Loss: Nauticus reported adjusted net loss of
Net Loss: For the fourth quarter, Nauticus recorded a net loss of
2025 G&A Cost: Nauticus reported G&A fourth-quarter costs of
Balance Sheet and Liquidity
As of December 31, 2025, the Company had cash and cash equivalents of
CONFERENCE CALL DETAILS
Nauticus will host a conference call on April 24, 2026 at 9:00 a.m. Central Time to discuss its results for the year ended December 31, 2025. To participate in the earnings conference call, participants should dial toll free at +1-800-715-9871, conference ID: 9197689, or access the listen-only webcast at the following link: https://events.q4inc.com/attendee/633198435. A link to the webcast will also be available on the Company's IR website (https://ir.nauticusrobotics.com/). Following the conclusion of the call, a recording will be available on the Company's website.
About Nauticus Robotics, Inc.
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' most recent Annual Report on Form 10-K filed with the SEC and Quarterly Reports on Form 10-Q filed with the SEC from time to time. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
NAUTICUS ROBOTICS, INC. CONSOLIDATED BALANCE SHEETS
| |||
December 31, | December 31, | ||
ASSETS | |||
Current Assets: | |||
Cash and cash equivalents | |||
Restricted cash | 600,342 | 52,151 | |
Accounts receivable, net | 378,683 | 238,531 | |
Inventories | - | 880,594 | |
Prepaid expenses | 1,055,324 | 1,389,434 | |
Other current assets | 203,025 | 574,025 | |
Total Current Assets | 9,253,984 | 4,320,782 | |
Property and equipment, net | 21,827,769 | 17,115,246 | |
Operating lease right-of-use assets, net | 559,005 | 1,094,743 | |
Goodwill | 9,600,745 | - | |
Intangible Assets, net | 1,276,916 | - | |
Other assets | 91,276 | 154,316 | |
Total Assets | |||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||
Current Liabilities: | |||
Accounts payable | |||
Accrued liabilities | 10,139,275 | 5,602,721 | |
Contract liability | - | 346,279 | |
Operating lease liabilities - current | 434,200 | 435,307 | |
Notes payable - current | 2,296,627 | - | |
November 2024 Debentures - current, fair value option (related party) | 163,672 | - | |
Senior Secured Convertible Term Loan - current, net of discount (related party) | 14,113,871 | - | |
Senior Secured Convertible Term Loan - current, net of discount | 4,939,247 | - | |
Other creditors | 160,110 | - | |
Total Current Liabilities | 35,375,461 | 12,301,000 | |
Warrant liabilities | 11,281 | 181,913 | |
Operating lease liabilities - long-term | 203,547 | 768,939 | |
November 2024 Debentures - long-term, fair value option (related party) | - | 2,583,832 | |
Senior Secured Convertible Term Loan - long-term, net of discount (related party) | - | 13,820,366 | |
Senior Secured Convertible Term Loan - long-term, net of discount | - | 12,531,332 | |
Other liabilities | - | 895,118 | |
Total Liabilities | |||
Stockholders' Equity (Deficit): | |||
Series A Convertible Preferred Stock | 1 | 4 | |
Series B Convertible Preferred Stock | - | - | |
Series C Convertible Preferred Stock | - | - | |
Common Stock, | 2,881 | 108 | |
Additional paid-in capital | 330,578,863 | 233,343,056 | |
Accumulated other comprehensive loss | (42,229) | (42,229) | |
Accumulated deficit | (323,520,110) | (253,698,352) | |
Total Stockholders' Equity (Deficit) | 7,019,406 | (20,397,413) | |
Total Liabilities and Stockholders' Equity (Deficit) | |||
NAUTICUS ROBOTICS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS
| |||||||||
Three Months Ended | Year ended December 31, | ||||||||
12/31/2025 | 12/31/2024 | 9/30/2025 | 2025 | 2024 | |||||
Revenue: | |||||||||
Service | |||||||||
Total revenue | 1,057,298 | 471,223 | 1,976,795 | 5,274,915 | 1,807,472 | ||||
Costs and expenses: | |||||||||
Cost of revenue (exclusive of items shown separately below) | 3,326,630 | 2,114,837 | 4,266,894 | 12,336,520 | 9,732,205 | ||||
Depreciation and amortization | 699,067 | 452,970 | 590,820 | 2,344,826 | 1,736,828 | ||||
Research and development | - | 19,316 | - | - | 82,850 | ||||
General and administrative | 2,645,694 | 4,067,232 | 2,997,001 | 14,320,568 | 13,570,486 | ||||
Total costs and expenses | 6,671,391 | 6,654,355 | 7,854,715 | 29,001,914 | 25,122,369 | ||||
Operating loss | (5,614,093) | (6,183,132) | (5,877,920) | (23,726,999) | (23,314,897) | ||||
Other (income) expense: | |||||||||
Other income, net | (102,271) | (55,012) | 2,883 | (134,322) | (70,918) | ||||
Foreign currency transaction loss | 2,179 | 40,320 | 48,807 | 54,527 | 61,597 | ||||
Loss on extinguishment of debt | 6,371,971 | 48,870,991 | - | 6,371,971 | 127,605,940 | ||||
Change in fair value of New Convertible Debentures | (24,894) | (211,181) | (103,607) | (170,632) | (13,559,010) | ||||
Change in fair value of November 2024 Debentures | - | 28,123,852 | - | - | (7,989,948) | ||||
Change in fair value of warrant liabilities | 2,119,726 | 435,864 | (407,938) | 2,247,848 | 435,864 | ||||
Interest expense, net | 5,186,289 | 1,309,931 | 1,221,883 | 8,732,011 | 5,108,227 | ||||
Total other expense, net | 13,553,000 | 78,514,765 | 762,028 | 17,101,403 | 111,591,752 | ||||
Net loss | |||||||||
Basic and diluted loss per share | |||||||||
Basic and diluted weighted average shares outstanding | 12,130,838 | 435,076 | 3,878,466 | 6,681,851 | 408,133 | ||||
NAUTICUS ROBOTICS, INC.
| |||
Years ended December 31, | |||
2025 | 2024 | ||
Cash flows used in operating activities: | |||
Net loss | |||
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 2,344,826 | 1,736,828 | |
Accretion of debt discount | 40,253 | 411,705 | |
Amortization of debt issuance cost | 886,504 | 664,690 | |
Capitalized paid-in-kind (PIK) interest | 696,345 | 900,383 | |
Accretion of exit fee | (9,663) | 97,694 | |
Stock-based compensation | 1,296,555 | 2,303,054 | |
Change in fair value of warrant liabilities | (170,632) | (13,559,010) | |
Change in fair value of New Convertible Debentures | - | (7,989,948) | |
Change in fair value of November 2024 Convertible Debentures | 2,247,848 | 435,864 | |
Induced conversion expense | 3,941,929 | - | |
Loss on extinguishment of debt | 6,371,971 | 127,605,940 | |
Non-cash lease expense | 535,738 | 504,097 | |
Loss on disposal of assets | 25,788 | 19,202 | |
Loss on lease termination | 2,639 | 18,721 | |
Inventory write-off | 500,332 | - | |
Other notes payable adjustments | - | 115,394 | |
Changes in operating assets and liabilities: | |||
Accounts receivable | (1,798) | (26,103) | |
Inventories | 41,146 | (58,683) | |
Other assets | 830,664 | 995,999 | |
Accounts payable and accrued liabilities | 54,009 | (1,696,525) | |
Contract liabilities | (346,279) | (2,421,634) | |
Operating lease liabilities | (569,139) | (397,375) | |
Other liabilities | (895,118) | 895,118 | |
Net cash used in operating activities | (23,004,484) | (24,351,238) | |
Cash flows from (used in) investing activities: | |||
Capital expenditures | (961,814) | (501,600) | |
Acquisition of business, net of cash acquired | (4,371,992) | - | |
Proceeds from sale of assets held for sale | - | 676,177 | |
Proceeds from sale of property and equipment | 150 | 5,705 | |
Net cash from (used in) investing activities | (5,333,656) | 180,282 | |
Cash flows from financing activities: | |||
Proceeds from notes payable | - | 14,305,000 | |
Payment of debt issuance costs on notes payable | - | (1,316,791) | |
Proceeds from November 2024 Debentures | - | 2,150,000 | |
Proceeds from At the Market (ATM) offering, net | 31,948,650 | 9,357,954 | |
Issuance of Series B Preferred Stock | 2,855,000 | - | |
Repayment on Ameristate Loan | (86,755) | - | |
Net cash from financing activities | 34,716,895 | 24,496,163 | |
Effect of changes in exchange rates on cash and cash equivalents | - | (42,229) | |
Net change in cash, cash equivalents and restricted cash | 6,378,755 | 282,978 | |
Cash, cash equivalents and restricted cash, beginning of year | 1,238,198 | 955,220 | |
Cash, cash equivalents and restricted cash, end of year | |||
NAUTICUS ROBOTICS, INC.
Reconciliation of Net Loss Attributable to Common Stockholders (GAAP) to Adjusted Net Loss Attributable to Common Stockholders (NON-GAAP)
Adjusted net loss attributable to common stockholders is a non-GAAP financial measure which excludes certain items that are included in net loss attributable to common stockholders, the most directly comparable GAAP financial measure. Items excluded are those which the Company believes affect the comparability of operating results and are typically excluded from published estimates by the investment community, including items whose timing and/or amount cannot be reasonably estimated or are non-recurring.
Adjusted net loss attributable to common stockholders is presented because management believes it provides useful additional information to investors for analysis of the Company's fundamental business on a recurring basis. In addition, management believes that adjusted net loss attributable to common stockholders is widely used by professional research analysts and others in the valuation, comparison, and investment recommendations of companies such as Nauticus.
Adjusted net loss attributable to common stockholders should not be considered in isolation or as a substitute for net loss attributable to common stockholders or any other measure of a company's financial performance or profitability presented in accordance with GAAP. A reconciliation of the differences between net loss attributable to common stockholders and adjusted net loss attributable to common stockholders is presented below. Because adjusted net loss attributable to common stockholders excludes some, but not all, items that affect net loss attributable to common stockholders and may vary among companies, our calculation of adjusted net loss attributable to common stockholders may not be comparable to similarly titled measures of other companies.
Three Months Ended | Twelve Months Ended | ||||||||
12/31/2025 | 12/31/2024 | 9/30/2025 | 12/31/2025 | 12/31/2024 | |||||
Net loss attributable to common stockholders (GAAP) | |||||||||
Loss on extinguishment of debt | 6,371,971 | 48,870,991 | - | 6,371,971 | 127,605,940 | ||||
Change in fair value of warrant liabilities | (24,894) | (211,181) | (103,607) | (170,632) | (13,559,010) | ||||
Change in fair value of New Convertible Debentures | - | 28,123,852 | - | - | (7,989,948) | ||||
Change in fair value of November 2024 Debentures | 2,119,726 | 435,864 | (407,938) | 2,247,848 | 435,864 | ||||
Preferred stock dividend | 1,006,000 | - | - | 1,006,000 | - | ||||
Deemed dividends for Series A and B Convertible Preferred Stock | 24,559,650 | - | 3,427,706 | 27,987,356 | - | ||||
Stock-based compensation | 328,315 | 430,550 | 398,225 | 1,296,555 | 2,303,054 | ||||
Adjusted net loss attributable to common stockholders (non-GAAP) | |||||||||
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SOURCE Nauticus Robotics, Inc.