Here are the 10-Q quarterly reports from Nauticus Robotics, Inc Warrant (KITTW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KITTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KITTW filings page.
Nauticus Robotics, Inc. reported sharply weaker results for the three and six months ended June 30, 2026. Service revenue was $885,947 for the quarter and $1,045,521 year-to-date, down from $2,075,566 and $2,240,822 in the prior-year periods, while total costs and expenses remained much higher than revenue.
The company recorded an operating loss of $6,008,392 for the quarter and $11,692,410 for six months, and a net loss of $11,115,971 and $20,382,052, respectively. Interest expense, losses on extinguishment of debt, and fair value changes on the November 2024 Debentures and other derivatives added significantly to total other expense of $5,107,579 for the quarter. Basic and diluted loss per share was $2.11 for the quarter and $4.51 year-to-date.
Cash, cash equivalents and restricted cash declined to $1,977,049 at June 30, 2026 from $7,616,952 at year-end, with net cash used in operating activities of $14,125,329 in six months. Total assets were $35,929,509 against total liabilities of $30,747,743, including $21,609,287 of notes payable and new derivative liabilities. Management states there is substantial doubt about the company’s ability to continue as a going concern over the next twelve months, despite ongoing ATM equity sales and convertible debenture and term loan exchanges into preferred and common equity.
Nauticus Robotics, Inc. reported very limited Q1 2026 revenue of $159,575 and a net loss of $9,266,081, showing the business is still in an early, cash‑consuming stage. Cash and cash equivalents were $5,285,230, while net cash used in operating activities was $7,005,769.
Total assets were $40,209,438 against total liabilities of $35,962,203, leaving stockholders’ equity of $4,247,235. Management states there is substantial doubt about the company’s ability to continue as a going concern over the next twelve months, given recurring losses, high debt and the need to raise additional capital.
The company relies on an at‑the‑market share offering program and convertible debentures and term loans, many held by related parties, to fund operations. Common stock underwent 1‑for‑9 and 1‑for‑8 reverse splits to maintain Nasdaq listing requirements, and revenue remains highly concentrated in a small number of customers.