Nauticus Robotics, Inc.

Listed Company

KITTCIK 0001849820NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthGeneral Industrial Machinery & Equipment, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.27M

Net Income

$-40.83M

Total Assets

—

Equity

—

Shares Out

5.00M

Op. Cash Flow

$-23.00M

Business

Nauticus Robotics, Inc. develops fully electric autonomous robotic solutions for subsea applications, serving commercial and defense customers. It offers autonomous underwater vehicles (Aquanaut), the ToolKITT software suite, the Olympic Arm electric manipulator, consulting, prototyping, and subsea inspection and intervention services. Key business segments include autonomous vehicle hardware, subsea manipulation systems, platform-agnostic autonomy software, defense-focused engineering and systems integration, and ROV services (including the acquired SeaTrepid assets). Nauticus markets its products and services primarily in the United States and pursues international opportunities through direct engagements and partnerships, including efforts in Brazil.

Summary from filing dated 2025-04-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	5	2	7	11	—
Cost of revenue (exclusive of items shown separately below)	12	10	—	—	—
Depreciation and amortization	2	2	729,412	516,949	365,097
Research and development	0	82,850	1	2	4
General and administrative	14	14	18	15	4
Total costs and expenses	29	25	62	30	15
Operating loss	−24	−23	−55	−18	−7
Other income, net	−134,322	−70,918	627,580	−33,247	−2
Foreign currency transaction loss	54,527	61,597	44,020	−260,615	—
Loss on extinguishment of debt	6	128	0	0	9
Change in fair value of warrant liabilities	−170,632	−14	−15	6	—
Interest expense, net	9	5	9	—	—
Total other expense, net	17	112	−4	10	9
Net loss	−41	−135	−51	−28	−15
Basic loss per share (in dollars per share)	−10.45	−330.55	−44.57	−1.75	−1.57
Diluted loss per share (in dollars per share)	−10.45	−330.55	−44.57	−1.75	−1.57
Basic weighted average shares outstanding (in shares)	7	408,133	1	19	10
Diluted weighted average shares outstanding (in shares)	7	408,133	1	19	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	7	—	1	753,398	—
Restricted cash	600,342	—	52,151	—	—
Accounts receivable, net	378,683	—	238,531	212,428	2
Inventories	0	—	880,594	2	7
Prepaid expenses	1	—	1	2	5
Other current assets	203,025	—	574,025	1	56,410
Total Current Assets	9	—	4	9	37
Property and equipment, net	22	—	17	16	15
Operating lease right-of-use assets, net	559,005	—	1	834,972	317,208
Goodwill	10	0	0	—	—
Intangible Assets, net	1	—	0	—	—
Other assets	91,276	—	154,316	187,527	155,490
Total Assets	43	—	23	26	53
Accounts payable	3	—	6	7	324,484
Accrued liabilities	10	—	6	7	3
Contract liability	0	—	346,279	3	0
Operating lease liabilities - current	434,200	—	435,307	244,774	410,158
Notes payable - current	2	—	0	—	—
Other creditors	160,110	—	0	—	—
Total Current Liabilities	35	—	12	17	4
Warrant liabilities	11,281	—	181,913	18	33
Operating lease liabilities - long-term	203,547	—	768,939	574,260	87,214
Other liabilities	0	—	895,118	0	—
Total Liabilities	36	—	43	68	53
Common Stock, $0.0001 par value; 625,000,000 shares authorized, 28,811,198 and 1,084,655 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively.	2,881	—	108	139	4,725
Additional paid-in capital	331	—	233	77	68
Accumulated other comprehensive loss	−42,229	—	−42,229	0	—
Accumulated deficit	−324	—	−254	−119	−68
Total Stockholders Equity (Deficit)	7	—	−20	−42	27,819
Total Liabilities and Stockholders Equity (Deficit)	43	—	23	26	53

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	2	729,412	516,949	365,097
Accretion of debt discount	40,253	411,705	4	1	29,166
Amortization of debt issuance cost	886,504	664,690	52,092	0	—
Capitalized paid-in-kind (PIK) interest	696,345	900,383	0	—	—
Accretion of exit fee	−9,663	—	—	—	—
Accretion of exit fee	—	97,694	27,608	0	—
Stock-based compensation	1	2	4	3	425,580
Change in fair value of warrant liabilities	−170,632	−14	−15	6	—
Induced conversion expense	4	0	—	—	—
Non-cash lease expense	535,738	504,097	346,714	196,555	205,966
Loss on disposal of assets	25,788	19,202	82,604	0	—
Loss on lease termination	2,639	18,721	—	—	—
Inventory write-off	500,332	0	—	—	—
Other notes payable adjustments	0	115,394	0	—	—
Accounts receivable	−1,798	−26,103	1	−828,298	−721,401
Inventories	41,146	−58,683	−12	−7	—
Other assets	830,664	995,999	—	−5	−275,759
Accounts payable and accrued liabilities	54,009	−2	8	−8	2
Contract liabilities	−346,279	−2	3	0	−1
Operating lease liabilities	−569,139	−397,375	−338,979	−323,434	—
Other liabilities	−895,118	895,118	0	—	—
Net cash used in operating activities	−23	−24	−22	−37	−8
Capital expenditures	−961,814	−501,600	−12	−14	−922,487
Acquisition of business, net of cash acquired	−4	0	—	—	—
Proceeds from sale of assets held for sale	0	676,177	0	—	—
Proceeds from sale of property and equipment	150	5,705	38,704	0	—
Net cash from (used in) investing activities	−5	180,282	−7	−19	−922,487
Proceeds from notes payable	0	14	11	2	—
Payment of debt issuance costs on notes payable	0	−1	−607,500	0	—
Proceeds from November 2024 Debentures	0	2	0	—	—
Proceeds from At the Market (ATM) offering, net	32	9	0	31	—
Issuance of Series B Preferred Stock	3	0	—	—	—
Repayment on Ameristate Loan	−86,755	0	0	−18	−484,836
Net cash from financing activities	35	24	11	53	26
Effect of changes in exchange rates on cash and cash equivalents	0	−42,229	0	—	—
Net change in cash, cash equivalents and restricted cash	6	282,978	−17	−3	18
Cash paid for interest	163,571	158,559	1	3	25,909
Cash paid for taxes	0	0	0	0	—
Conversion of Term Loan notes and interest to common stock	7	0	—	—	—
Conversion of convertible debt to Common Stock	5	30	0	15	—
Issuance of Series B preferred stock	3	0	0	—	—
Transfer from inventories to property and equipment	414,416	1	16	0	—
Debt assumed in acquisition	2	0	—	—	—
Deemed dividend	28	0	—	—	—
Exchange of convertible debt and accrued interest expense to preferred stock	0	61	0	—	—
Exercise of warrants	0	5	—	—	—
Liabilities relieved through sale of assets held for sale	0	1	0	—	—
Transfer from assets held for sale to property and equipment	0	1	0	—	—
Operating leases at inception	0	1	2	0	—

Filings

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