KITT Nauticus Robotics, Inc.

Overview and Growth

Fiscal 2025 results for Nauticus Robotics, Inc. combined $5.27M of revenue with net loss of $40.83M and an operating cash outflow of $23.00M. The $5.27M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 191.8% from $1.81M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$10.45, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 6.68M; this is the reported share base over which the company’s diluted per-share earnings were spread. Total assets stood at $42.61M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.12x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Direct costs exceeded revenue, producing a gross loss of $7.06M before operating expenses. The gross loss equaled 133.9% of revenue, quantifying the direct-cost deficit before operating expenses. Operations produced a $23.73M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 449.8%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $40.83M for the fiscal year. The net loss equaled 774.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $21.38M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $40.83M, before the effect of income taxes. The pretax loss equaled 774.0% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. The net loss equaled 581.7% of period-end equity, showing the deficit relative to book capital. The net loss equaled 95.8% of period-end assets, showing the deficit relative to the asset base. The net loss narrowed to $40.83M from $134.91M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $42.61M, supported by $35.59M of liabilities and $7.02M of shareholder equity. The near-term balance sheet paired $9.25M of current assets with $35.38M of current liabilities at the reporting date. At 0.26x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $7.02M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 19.8%, excluding receivables and other current assets. Total debt was $21.51M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 3.06x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 50.5%, comparing borrowing with the total asset balance. Equity equaled 16.5% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 83.5% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 16.5% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 87.8% higher than fiscal 2024 assets of $22.69M, measuring the company’s own balance-sheet change. Cash and equivalents were 491.6% higher than fiscal 2024 cash of $1.19M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $23.00M, rather than cash generation from operations. The operating cash outflow narrowed to $23.00M from $24.35M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.