What is Nauticus Robotics' operating income?

Nauticus Robotics' total operating income in 2025 was -$23.73 million, based on the following breakdown: Total Gross Profit: -$7.06 million Total Operating Expenses: $16.67 million

Nauticus Robotics (KITTW) Financials

$0.01 +0.00 (+17.92%)

As of 01:00 PM Eastern

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Annual Income Statements for Nauticus Robotics

This table shows Nauticus Robotics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.09	-28	-51	-135	-41
Consolidated Net Income / (Loss)	-15	-28	-51	-135	-41
Net Income / (Loss) Continuing Operations	2.09	-28	-51	-135	-41
Total Pre-Tax Income	2.09	-28	-51	-135	-41
Total Operating Income	-6.52	-18	-55	-23	-24
Total Gross Profit	1.74	-0.43	-5.32	-7.92	-7.06
Total Revenue	8.59	11	6.61	1.81	5.27
Operating Revenue	8.59	11	6.61	1.81	5.27
Total Cost of Revenue	6.85	12	12	9.73	12
Operating Cost of Revenue	6.85	12	12	9.73	12
Total Operating Expenses	8.26	18	50	15	17
Selling, General & Admin Expense	4.36	15	18	14	14
Research & Development Expense	3.53	2.38	1.40	0.08	0.00
Depreciation Expense	0.37	0.52	0.73	1.74	2.34
Total Other Income / (Expense), net	8.61	-9.88	4.41	-112	-17
Interest Expense	-10	3.71	8.78	133	15
Other Income / (Expense), net	-1.60	-6.17	13	21	-2.00
Basic Earnings per Share	($1.57)	($1.75)	($44.57)	($330.55)	($10.45)
Weighted Average Basic Shares Outstanding	9.64M	18.98M	1.14M	408.13K	6.68M
Diluted Earnings per Share	-	($1.75)	($44.57)	($330.55)	($10.45)
Weighted Average Diluted Shares Outstanding	21.56M	18.98M	1.14M	408.13K	6.68M

This table shows Nauticus Robotics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Consolidated Net Income / (Loss)	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Net Income / (Loss) Continuing Operations	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Total Pre-Tax Income	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Total Operating Income	-34	-5.55	-6.01	-5.57	-6.18	-5.91	-6.42	-5.88	-5.61	-5.68	-6.01
Total Gross Profit	-3.38	-1.63	-2.37	-2.28	-1.64	-1.07	-1.43	-2.29	-2.27	-1.83	-1.98
Total Revenue	1.06	0.46	0.50	0.37	0.47	0.17	2.08	1.98	1.06	0.16	0.89
Operating Revenue	1.06	0.46	0.50	0.37	0.47	0.17	2.08	1.98	1.06	0.16	0.89
Total Cost of Revenue	4.44	2.09	2.88	2.65	2.11	1.24	3.50	4.27	3.33	1.99	2.87
Operating Cost of Revenue	4.44	2.09	2.88	2.65	2.11	1.24	3.50	4.27	3.33	1.99	2.87
Total Operating Expenses	31	3.92	3.64	3.29	4.54	4.84	4.99	3.59	3.34	3.85	4.03
Selling, General & Admin Expense	0.79	3.43	3.23	2.85	4.07	4.36	4.42	3.00	2.65	3.22	3.32
Depreciation Expense	0.24	0.43	0.41	0.45	0.45	0.48	0.57	0.59	0.70	0.62	0.70
Total Other Income / (Expense), net	-5.34	-67	11	24	-78	-1.65	-1.03	-0.76	-14	-3.58	-5.11
Interest Expense	1.41	80	1.17	1.16	50	1.11	1.21	1.22	12	1.88	5.46
Other Income / (Expense), net	-3.93	13	12	25	-28	-0.54	0.18	0.46	-1.99	-1.70	0.35
Basic Earnings per Share	($34.77)	($58.75)	$2.33	$60.31	($207.14)	($19.85)	($18.50)	($2.60)	($2.87)	($2.46)	($2.11)
Weighted Average Basic Shares Outstanding	1.14M	1.24M	1.95M	297.33K	408.13K	381.22K	402.88K	3.88M	6.68M	3.84M	5.37M
Diluted Earnings per Share	($34.77)	($58.75)	($1.12)	($3.23)	($207.14)	($19.85)	($18.50)	($2.60)	($2.87)	($2.46)	($2.11)
Weighted Average Diluted Shares Outstanding	1.14M	1.24M	5.36M	1.70M	408.13K	381.22K	402.88K	3.88M	6.68M	3.84M	5.37M
Weighted Average Basic & Diluted Shares Outstanding	0.00	62.43M	4.65M	6.41M	0.00	37.30M	42.27M	13.71M	0.00	5.00M	7.47M

This table details how cash moves in and out of Nauticus Robotics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	18	-3.17	-17	0.33	6.38
Net Cash From Operating Activities	-7.50	-37	-22	-24	-23
Net Cash From Continuing Operating Activities	-7.50	-37	-22	-24	-23
Net Income / (Loss) Continuing Operations	-15	-28	-51	-135	-41
Consolidated Net Income / (Loss)	-15	-28	-51	-135	-41
Depreciation Expense	0.37	0.52	0.73	1.74	2.34
Amortization Expense	0.03	1.34	4.09	1.08	0.93
Non-Cash Adjustments To Reconcile Net Income	7.10	2.48	38	121	15
Changes in Operating Assets and Liabilities, net	0.13	-13	-14	-13	-0.14
Net Cash From Investing Activities	-0.92	-19	-6.59	0.18	-5.33
Net Cash From Continuing Investing Activities	-0.92	-19	-6.59	0.18	-5.33
Purchase of Property, Plant & Equipment	-0.92	-14	-12	-0.50	-0.96
Acquisitions	-	-	-	0.00	-4.37
Sale of Property, Plant & Equipment	-	0.00	0.04	0.01	0.00
Other Investing Activities, net	-	-	0.00	0.68	0.00
Net Cash From Financing Activities	26	53	11	24	35
Net Cash From Continuing Financing Activities	26	53	11	24	35
Repayment of Debt	-0.48	-18	-0.61	-1.32	-0.09
Issuance of Debt	27	38	11	16	0.00
Issuance of Preferred Equity	-	-	-	0.00	2.86
Issuance of Common Equity	0.00	31	0.00	9.36	32
Cash Interest Paid	0.03	2.72	1.01	0.16	0.16
Cash Income Taxes Paid	0.00	0.00	0.00	0.00	0.00

This table details how cash moves in and out of Nauticus Robotics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-6.02	5.43	1.94	-5.21	-1.84	8.87	-7.39	2.83	2.07	-1.73	-3.91
Net Cash From Operating Activities	-5.06	-6.66	-8.39	-5.08	-4.22	-6.65	-7.36	-4.94	-4.06	-7.01	-7.12
Net Cash From Continuing Operating Activities	-5.06	-6.66	-8.39	-5.08	-4.22	-6.65	-7.36	-4.94	-4.06	-7.01	-7.12
Net Income / (Loss) Continuing Operations	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Consolidated Net Income / (Loss)	-40	-73	4.54	18	-85	-7.57	-7.45	-6.64	-19	-9.27	-11
Depreciation Expense	0.24	0.43	0.41	0.45	0.45	0.48	0.57	0.59	0.70	0.62	0.70
Amortization Expense	1.16	0.52	0.18	0.18	0.19	0.18	0.19	0.19	0.37	0.12	0.15
Non-Cash Adjustments To Reconcile Net Income	29	73	-6.51	-23	78	1.22	0.25	0.18	13	3.04	4.90
Changes in Operating Assets and Liabilities, net	4.08	-7.30	-7.02	-1.07	1.93	-0.97	-0.92	0.74	1.00	-1.53	-1.76
Net Cash From Investing Activities	-0.85	0.07	0.01	-0.10	0.21	-3.92	0.00	-0.00	-1.41	0.00	-0.01
Net Cash From Continuing Investing Activities	-0.85	0.07	0.01	-0.10	0.21	-3.92	0.00	-0.00	-1.41	0.00	-0.01
Purchase of Property, Plant & Equipment	-0.89	-0.32	-0.03	-0.11	-0.03	-0.05	0.00	-0.00	-0.91	0.00	-0.01
Net Cash From Financing Activities	-0.11	12	10	-	2.15	19	-0.03	7.77	7.55	5.28	3.22
Net Cash From Continuing Financing Activities	-0.11	12	10	-	2.15	19	-0.03	7.77	7.55	5.28	3.22
Repayment of Debt	-0.61	-1.28	-0.04	-	-	0.00	-0.03	-0.03	-0.03	-0.03	-0.03
Issuance of Debt	0.50	13	1.00	-	2.15	0.00	-	-	-	2.96	1.53
Issuance of Common Equity	-	0.00	9.86	-	-0.50	19	-	4.24	7.57	2.34	1.72
Cash Interest Paid	-	0.02	0.09	0.02	0.02	0.00	0.03	0.08	0.05	0.05	0.05

This table presents Nauticus Robotics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.03	25	53	26	23	43
Total Current Assets	0.03	23	37	9.22	4.32	9.25
Cash & Equivalents	0.03	21	18	0.75	1.19	7.02
Restricted Cash	-	-	-	-	0.05	0.60
Accounts Receivable	-	0.79	1.62	0.21	0.24	0.38
Prepaid Expenses	0.00	0.07	5.05	1.89	1.39	1.06
Other Current Assets	-	1.35	0.88	4.17	0.57	0.20
Plant, Property, & Equipment, net	0.00	1.44	15	16	17	22
Total Noncurrent Assets	0.00	0.56	0.47	1.02	1.25	12
Goodwill	-	-	-	-	0.00	9.60
Intangible Assets	-	-	-	-	0.00	1.28
Other Noncurrent Operating Assets	0.00	0.56	0.47	1.02	1.25	0.65
Total Liabilities & Shareholders' Equity	0.03	25	53	26	23	43
Total Liabilities	0.00	32	53	68	43	36
Total Current Liabilities	0.00	17	3.88	17	12	35
Short-Term Debt	-	13	-	-	0.00	22
Accounts Payable	0.00	1.40	0.32	7.04	5.92	3.13
Accrued Expenses	0.00	1.58	3.14	7.34	5.60	9.81
Other Current Liabilities	-	0.35	0.41	0.24	0.78	0.76
Total Noncurrent Liabilities	0.00	15	49	51	31	0.21
Other Noncurrent Operating Liabilities	0.00	0.49	33	19	4.43	0.21
Total Equity & Noncontrolling Interests	0.02	-6.61	0.03	-42	-20	7.02
Total Preferred & Common Equity	0.02	-6.61	0.03	-42	-20	7.02
Preferred Stock	0.00	0.01	-	0.00	0.00	0.00
Total Common Equity	0.02	-6.62	0.03	-42	-20	7.02
Common Stock	0.03	33	68	77	233	331
Retained Earnings	-0.00	-40	-68	-119	-254	-324
Accumulated Other Comprehensive Income / (Loss)	-	-	-	0.00	-0.04	-0.04

This table presents Nauticus Robotics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	56	29	31	25	48	42	43	40	36
Total Current Assets	28	12	13	7.32	14	7.97	9.59	7.59	4.07
Cash & Equivalents	6.77	6.19	8.12	2.92	10	2.66	5.49	5.29	1.37
Restricted Cash	-	-	-	-	-	-	-	0.60	0.60
Accounts Receivable	1.00	0.16	0.18	0.40	0.49	2.28	1.38	0.00	0.84
Prepaid Expenses	5.13	1.58	1.28	1.11	1.70	1.45	1.67	1.51	1.06
Other Current Assets	1.01	1.68	1.31	0.67	0.66	0.66	0.14	0.19	0.19
Plant, Property, & Equipment, net	26	16	17	16	23	22	22	21	21
Total Noncurrent Assets	2.20	1.76	1.58	1.51	12	12	12	11	11
Goodwill	-	-	-	-	11	11	11	9.60	9.60
Intangible Assets	-	-	-	-	-	-	-	1.23	1.18
Other Noncurrent Operating Assets	2.20	1.76	1.58	1.51	1.16	1.02	0.92	0.54	0.48
Total Liabilities & Shareholders' Equity	56	29	31	25	48	42	43	40	36
Total Liabilities	59	142	123	92	47	48	47	36	31
Total Current Liabilities	13	14	11	9.94	18	18	46	35	30
Short-Term Debt	-	-	-	-	2.44	2.40	27	23	19
Accounts Payable	5.71	6.69	5.59	4.73	4.89	5.72	4.39	1.16	1.85
Accrued Expenses	6.47	6.15	4.47	4.07	9.67	9.39	11	9.67	6.41
Other Current Liabilities	0.62	0.36	0.88	0.43	0.45	0.46	3.53	1.92	3.34
Total Noncurrent Liabilities	46	129	112	82	29	29	0.45	0.61	0.26
Other Noncurrent Operating Liabilities	16	9.96	86	55	4.99	4.69	0.45	0.61	0.26
Total Equity & Noncontrolling Interests	-2.68	-113	-91	-67	1.52	-5.68	-4.12	4.25	5.18
Total Preferred & Common Equity	-2.68	-113	-91	-67	1.52	-5.68	-4.12	4.25	5.18
Preferred Stock	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-2.68	-113	-91	-67	1.52	-5.68	-4.12	4.25	5.18
Common Stock	77	79	96	103	263	263	275	337	350
Retained Earnings	-79	-192	-187	-169	-261	-269	-279	-333	-344
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.03	-0.04	-0.04	-0.04	-0.04	-0.04

This table displays calculated financial ratios and metrics derived from Nauticus Robotics' official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	43,125,000.00	47,250,771.00	50,035,824.00	12,814,950.00	13,710,615.00
DEI Adjusted Shares Outstanding	133,102.00	145,836.00	154,432.00	177,985.00	1,713,827.00
DEI Earnings Per Adjusted Shares Outstanding	15.69	-193.78	-328.21	-757.97	-23.82
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	33.10%	-42.23%	-72.64%	191.84%
EBITDA Growth	0.00%	-193.61%	-63.51%	101.67%	-3,717.10%
EBIT Growth	0.00%	-202.24%	-70.74%	94.77%	-1,073.30%
NOPAT Growth	0.00%	-97.33%	-199.78%	57.68%	-1.77%
Net Income Growth	0.00%	-86.81%	-79.35%	-166.16%	69.74%
EPS Growth	0.00%	0.00%	-79.35%	-166.16%	96.84%
Operating Cash Flow Growth	0.00%	-396.89%	41.82%	-12.28%	5.53%
Free Cash Flow Firm Growth	0.00%	0.00%	-506.56%	7.10%	-3.12%
Invested Capital Growth	0.00%	-1,824.96%	-61.00%	143.10%	347.06%
Revenue Q/Q Growth	0.00%	-22.87%	-24.68%	-24.68%	12.50%
EBITDA Q/Q Growth	0.00%	1.57%	-486.11%	125.98%	54.76%
EBIT Q/Q Growth	0.00%	-2.21%	-289.32%	63.24%	50.98%
NOPAT Q/Q Growth	0.00%	-10.04%	-96.68%	54.59%	1.53%
Net Income Q/Q Growth	0.00%	16.55%	-161.71%	-50.05%	61.56%
EPS Q/Q Growth	0.00%	-73.27%	-161.71%	-50.05%	61.83%
Operating Cash Flow Q/Q Growth	0.00%	-7.35%	3.04%	3.33%	0.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	37.07%	-214.87%	57.65%
Invested Capital Q/Q Growth	0.00%	53.48%	-153.44%	110.89%	19.05%
Profitability Metrics	-	-	-	-	-
Gross Margin	20.27%	-3.75%	-80.57%	-438.44%	-133.87%
EBITDA Margin	-89.94%	-198.41%	-561.51%	34.34%	-425.65%
Operating Margin	-75.89%	-160.73%	-834.01%	-1,289.92%	-449.81%
EBIT Margin	-94.53%	-214.66%	-634.39%	-121.30%	-487.67%
Profit (Net Income) Margin	-176.08%	-247.14%	-767.24%	-7,463.83%	-774.01%
Tax Burden Percent	-724.58%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	-25.71%	115.13%	120.94%	6,153.15%	158.71%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1,654.76%	0.00%	0.00%	0.00%	-128.75%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,777.64%	0.00%	0.00%	0.00%	-252.39%
Return on Net Nonoperating Assets (RNNOA)	1,883.57%	0.00%	0.00%	0.00%	739.13%
Return on Equity (ROE)	228.81%	858.51%	242.76%	433.89%	610.38%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-678.09%	-255.63%
Operating Return on Assets (OROA)	-64.48%	-63.13%	-106.44%	-8.98%	-78.79%
Return on Assets (ROA)	-120.10%	-72.68%	-128.73%	-552.52%	-125.06%
Return on Common Equity (ROCE)	229.18%	859.89%	242.76%	433.89%	610.38%
Return on Equity Simple (ROE_SIMPLE)	228.81%	0.00%	121.30%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.52	-13	-39	-16	-17
NOPAT Margin	-75.89%	-112.51%	-583.81%	-902.94%	-314.87%
Net Nonoperating Expense Percent (NNEP)	122.87%	16,995.88%	100.90%	423.84%	123.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	378.52%	-274.10%	-57.87%
Cost of Revenue to Revenue	79.73%	103.75%	180.57%	538.44%	233.87%
SG&A Expenses to Revenue	50.78%	131.53%	276.58%	750.80%	271.48%
R&D to Revenue	41.13%	20.79%	21.19%	4.58%	0.00%
Operating Expenses to Revenue	96.16%	156.98%	753.44%	851.47%	315.94%
Earnings before Interest and Taxes (EBIT)	-8.12	-25	-42	-2.19	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.73	-23	-37	0.62	-22
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	6,352.42	0.00	0.00	1.50
Price to Tangible Book Value (P/TBV)	0.00	6,352.42	0.00	0.00	0.00
Price to Revenue (P/Rev)	25.00	15.45	5.13	5.49	1.99
Price to Earnings (P/E)	102.87	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.97%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	562.88	0.00	0.00	7.43	1.17
Enterprise Value to Revenue (EV/Rev)	25.81	14.86	9.80	19.39	4.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	56.46	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	-4.23	572.35	-0.76	-1.29	3.09
Long-Term Debt to Equity	-2.22	572.35	-0.76	-1.29	0.00
Financial Leverage	-1.06	-0.03	-0.58	-0.90	-2.93
Leverage Ratio	-3.82	-11.81	-1.89	-0.79	-4.88
Compound Leverage Factor	0.98	-13.60	-2.28	-48.32	-7.75
Debt to Total Capital	130.97%	99.83%	-310.11%	442.57%	75.54%
Short-Term Debt to Total Capital	62.07%	0.00%	0.00%	0.00%	75.54%
Long-Term Debt to Total Capital	68.90%	99.83%	-310.11%	442.57%	0.00%
Preferred Equity to Total Capital	0.05%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-31.02%	0.17%	410.11%	-342.57%	24.46%
Debt to EBITDA	-3.62	-0.70	-0.85	42.45	-0.97
Net Debt to EBITDA	-0.91	0.30	-0.83	40.46	-0.63
Long-Term Debt to EBITDA	-1.90	-0.70	-0.85	42.45	0.00
Debt to NOPAT	-4.29	-1.24	-0.82	-1.61	-1.31
Net Debt to NOPAT	-1.07	0.53	-0.80	-1.54	-0.85
Long-Term Debt to NOPAT	-2.26	-1.24	-0.82	-1.61	0.00
Altman Z-Score	1.43	-0.36	-11.47	-16.18	-13.06
Noncontrolling Interest Sharing Ratio	-0.16%	-0.16%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	1.40	9.53	0.53	0.35	0.26
Quick Ratio	1.31	6.28	0.06	0.12	0.21
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-5.68	-34	-32	-33
Operating Cash Flow to CapEx	-813.20%	-261.63%	-187.05%	-4,910.56%	-2,392.15%
Free Cash Flow to Firm to Interest Expense	0.00	-1.53	-3.92	-0.24	-2.18
Operating Cash Flow to Interest Expense	0.00	-10.04	-2.47	-0.18	-1.52
Operating Cash Flow Less CapEx to Interest Expense	0.00	-13.87	-3.79	-0.19	-1.59
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.68	0.29	0.17	0.07	0.16
Accounts Receivable Turnover	0.00	9.46	7.20	8.02	17.09
Inventory Turnover	0.00	0.00	2.69	6.32	0.00
Fixed Asset Turnover	0.00	1.38	0.43	0.11	0.27
Accounts Payable Turnover	0.00	13.74	3.24	1.50	2.73
Days Sales Outstanding (DSO)	0.00	38.57	50.69	45.53	21.35
Days Inventory Outstanding (DIO)	0.00	0.00	135.64	57.75	0.00
Days Payable Outstanding (DPO)	0.00	26.56	112.60	242.88	133.81
Cash Conversion Cycle (CCC)	0.00	12.00	73.72	-139.60	-112.46
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.39	-6.80	-11	4.72	21
Invested Capital Turnover	21.81	-3.57	-0.74	-0.58	0.41
Increase / (Decrease) in Invested Capital	0.00	-7.19	-4.15	16	16
Enterprise Value (EV)	222	170	65	35	25
Market Capitalization	215	177	34	9.93	11
Book Value per Share	($0.31)	$0.00	($0.84)	($3.18)	$0.51
Tangible Book Value per Share	($0.31)	$0.00	($0.84)	($3.18)	($0.28)
Total Capital	21	16	-10	5.95	29
Total Debt	28	16	32	26	22
Total Long-Term Debt	15	16	32	26	0.00
Net Debt	7.01	-6.82	31	25	14
Capital Expenditures (CapEx)	0.92	14	12	0.50	0.96
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.12	10	-8.92	-9.22	-12
Debt-free Net Working Capital (DFNWC)	20	33	-8.17	-7.98	-4.44
Net Working Capital (NWC)	6.59	33	-8.17	-7.98	-26
Net Nonoperating Expense (NNE)	8.61	15	12	119	24
Net Nonoperating Obligations (NNO)	7.01	-6.82	31	25	14
Total Depreciation and Amortization (D&A)	0.39	1.86	4.81	2.81	3.27
Debt-free, Cash-free Net Working Capital to Revenue	-12.99%	90.42%	-135.01%	-510.02%	-228.57%
Debt-free Net Working Capital to Revenue	230.89%	289.34%	-123.61%	-441.51%	-84.17%
Net Working Capital to Revenue	76.66%	289.34%	-123.61%	-441.51%	-495.20%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.80)	($63.00)	($44.64)	($2,644.56)	($83.60)
Adjusted Weighted Average Basic Shares Outstanding	327.27K	527.28K	1.14M	51.02K	835.23K
Adjusted Diluted Earnings per Share	$0.00	$0.00	($44.64)	($2,644.56)	($83.60)
Adjusted Weighted Average Diluted Shares Outstanding	598.96K	1.31M	1.14M	51.02K	835.23K
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	598.96K	1.31M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-4.56	-13	-21	-16	-17
Normalized NOPAT Margin	-53.12%	-112.51%	-315.15%	-902.94%	-314.87%
Pre Tax Income Margin	24.30%	-247.14%	-767.24%	-7,463.83%	-774.01%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	-6.61	-4.78	-0.02	-1.70
NOPAT to Interest Expense	0.00	-3.46	-4.39	-0.12	-1.10
EBIT Less CapEx to Interest Expense	0.00	-10.45	-6.10	-0.02	-1.77
NOPAT Less CapEx to Interest Expense	0.00	-7.30	-5.72	-0.13	-1.16
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-44.52%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Nauticus Robotics' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	50,035,824.00	50,035,824.00	124,863,544.00	9,299,260.00	12,814,950.00	12,814,950.00	37,299,589.00	42,267,643.00	13,710,615.00	13,710,615.00	5,002,925.00
DEI Adjusted Shares Outstanding	154,432.00	154,432.00	385,381.00	1,033,251.00	177,985.00	177,985.00	518,050.00	4,696,405.00	1,713,827.00	1,713,827.00	5,002,925.00
DEI Earnings Per Adjusted Shares Outstanding	-256.05	-471.66	11.78	17.35	-474.99	-42.52	-14.39	-1.41	-11.18	-5.41	-2.22
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-67.05%	-83.54%	-55.53%	-76.77%	-55.70%	-64.41%	313.70%	434.00%	124.37%	-3.44%	-57.32%
EBITDA Growth	-460.51%	203.73%	-72.91%	226.42%	8.20%	-169.56%	-187.06%	-123.51%	80.59%	-14.65%	12.28%
EBIT Growth	-403.28%	180.09%	-74.33%	213.59%	9.89%	-187.54%	-209.44%	-128.38%	77.86%	-14.43%	9.38%
NOPAT Growth	-380.23%	4.72%	12.47%	2.94%	81.92%	-6.57%	25.24%	26.13%	9.20%	3.88%	6.43%
Net Income Growth	-380.87%	-415.18%	-78.03%	201.43%	-113.80%	89.61%	-264.15%	-137.03%	77.33%	-22.45%	-49.12%
EPS Growth	-380.87%	-415.18%	-78.03%	201.43%	-113.80%	89.61%	-264.15%	19.50%	98.61%	-22.45%	88.59%
Operating Cash Flow Growth	11.83%	24.95%	-102.76%	-40.48%	16.57%	0.16%	12.33%	2.75%	3.84%	-5.36%	3.22%
Free Cash Flow Firm Growth	-998.11%	-106.93%	-33.23%	242.57%	-0.95%	-88.68%	-205.85%	-211.88%	-1.55%	69.66%	92.09%
Invested Capital Growth	-61.00%	95.43%	-410.90%	-311.45%	143.10%	4,758.77%	125.20%	140.90%	347.06%	15.94%	18.60%
Revenue Q/Q Growth	-33.27%	-56.34%	8.04%	-26.21%	27.29%	-64.93%	1,155.97%	-4.76%	-46.51%	-84.91%	455.19%
EBITDA Q/Q Growth	-135.47%	122.66%	-24.31%	213.06%	-271.00%	82.83%	5.28%	15.44%	-41.13%	-1.42%	27.52%
EBIT Q/Q Growth	-126.91%	119.33%	-22.59%	234.52%	-279.99%	81.22%	3.22%	13.24%	-40.43%	2.96%	23.35%
NOPAT Q/Q Growth	-317.23%	83.78%	-54.78%	7.36%	22.29%	4.36%	-8.58%	7.74%	4.49%	-1.25%	-5.71%
Net Income Q/Q Growth	-123.67%	-84.20%	106.23%	294.89%	-571.46%	91.05%	1.49%	10.92%	-188.66%	51.66%	-19.96%
EPS Q/Q Growth	-123.67%	-84.20%	106.23%	294.89%	-571.46%	91.05%	1.49%	-900.00%	-10.38%	51.66%	14.23%
Operating Cash Flow Q/Q Growth	-40.04%	-31.59%	-25.98%	39.49%	16.83%	-57.46%	-10.63%	32.88%	17.76%	-72.53%	-1.62%
Free Cash Flow Firm Q/Q Growth	51.51%	39.48%	864.90%	-36.49%	-134.34%	-13.11%	-329.12%	32.85%	68.83%	66.20%	-11.80%
Invested Capital Q/Q Growth	-153.44%	96.45%	-18,941.41%	41.40%	110.89%	283.35%	3.00%	-4.90%	19.05%	-0.59%	5.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-317.89%	-350.94%	-473.12%	-615.32%	-348.80%	-649.72%	-68.82%	-115.85%	-214.63%	-1,149.50%	-223.67%
EBITDA Margin	-3,453.24%	1,792.17%	1,255.44%	5,326.69%	-7,155.55%	-3,503.02%	-264.19%	-234.56%	-618.91%	-4,159.10%	-542.95%
Operating Margin	-3,216.07%	-1,195.06%	-1,198.42%	-1,504.61%	-1,312.15%	-3,578.55%	-309.37%	-297.35%	-530.98%	-3,561.97%	-678.19%
EBIT Margin	-3,585.15%	1,587.45%	1,137.40%	5,156.66%	-7,291.58%	-3,904.65%	-300.87%	-274.08%	-719.65%	-4,626.97%	-638.77%
Profit (Net Income) Margin	-3,717.80%	-15,686.08%	905.10%	4,843.99%	-17,940.66%	-4,579.07%	-359.14%	-335.89%	-1,812.84%	-5,806.72%	-1,254.70%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	103.70%	-988.13%	79.58%	93.94%	246.05%	117.27%	119.37%	122.55%	251.91%	125.50%	196.42%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-427.16%	0.00%	0.00%	-151.99%	-673.08%	-95.15%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-432.48%	0.00%	0.00%	-229.77%	-704.86%	-128.70%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	501.26%	0.00%	0.00%	672.89%	-4,065.20%	10,742.93%
Return on Equity (ROE)	242.76%	174.19%	309.43%	259.76%	433.89%	74.10%	168.09%	300.55%	520.91%	-4,738.28%	10,647.78%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-678.09%	-193.83%	-587.36%	-439.73%	-255.63%	-99.02%	-96.41%
Operating Return on Assets (OROA)	-601.50%	170.96%	103.39%	304.34%	-539.77%	-151.19%	-25.38%	-37.91%	-116.28%	-549.79%	-66.98%
Return on Assets (ROA)	-623.76%	-1,689.30%	82.27%	285.88%	-1,328.07%	-177.30%	-30.29%	-46.46%	-292.90%	-689.97%	-131.57%
Return on Common Equity (ROCE)	242.76%	174.19%	309.43%	259.76%	433.89%	74.10%	168.09%	300.55%	520.91%	-4,738.27%	10,647.84%
Return on Equity Simple (ROE_SIMPLE)	0.00%	97.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-24	-3.88	-6.01	-5.57	-4.33	-4.14	-4.49	-4.11	-3.93	-3.98	-4.21
NOPAT Margin	-2,251.25%	-836.55%	-1,198.42%	-1,504.61%	-918.50%	-2,504.98%	-216.56%	-208.14%	-371.69%	-2,493.38%	-474.73%
Net Nonoperating Expense Percent (NNEP)	129.88%	118.15%	-68.08%	-101.29%	286.69%	5.32%	14.14%	11.20%	77.78%	31.78%	33.54%
Return On Investment Capital (ROIC_SIMPLE)	235.00%	-66.98%	9.14%	13.79%	-72.69%	-14.71%	-21.12%	-17.73%	-13.69%	-14.82%	-17.48%
Cost of Revenue to Revenue	417.89%	450.94%	573.12%	715.32%	448.80%	749.72%	168.82%	215.85%	314.63%	1,249.50%	323.67%
SG&A Expenses to Revenue	74.63%	738.66%	643.26%	768.79%	863.12%	2,638.14%	212.87%	151.61%	250.23%	2,020.94%	375.23%
R&D to Revenue	38.99%	13.68%	0.00%	0.00%	4.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2,898.18%	844.13%	725.30%	889.29%	963.35%	2,928.83%	240.55%	181.50%	316.35%	2,412.47%	454.52%
Earnings before Interest and Taxes (EBIT)	-38	7.37	5.71	19	-34	-6.45	-6.24	-5.42	-7.61	-7.38	-5.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-37	8.32	6.30	20	-34	-5.79	-5.48	-4.64	-6.54	-6.64	-4.81
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	3.87	0.00	0.00	1.50	1.61	1.19
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.13	3.76	2.34	2.73	5.49	3.90	10.95	2.88	1.99	1.30	1.51
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	7.43	1.24	3.12	2.00	1.17	1.12	1.04
Enterprise Value to Revenue (EV/Rev)	9.80	30.20	7.19	12.42	19.39	14.88	18.83	7.54	4.66	4.47	5.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	56.46	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.44	1.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.76	-1.05	-0.28	-0.39	-1.29	17.49	-4.75	-6.63	3.09	5.32	3.64
Long-Term Debt to Equity	-0.76	-1.05	-0.28	-0.39	-1.29	15.89	-4.33	0.00	0.00	0.00	0.00
Financial Leverage	-0.58	-0.93	-0.38	-0.67	-0.90	-1.16	-0.43	-0.64	-2.93	5.77	-83.47
Leverage Ratio	-1.89	-0.63	-0.98	-1.17	-0.79	-0.70	-0.75	-0.96	-4.88	15.37	-157.65
Compound Leverage Factor	-1.96	6.21	-0.78	-1.10	-1.93	-0.82	-0.90	-1.18	-12.29	19.29	-309.66
Debt to Total Capital	-310.11%	2,044.31%	-39.04%	-64.80%	442.57%	94.59%	126.66%	117.77%	75.54%	84.18%	78.47%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	8.66%	11.29%	117.77%	75.54%	84.18%	78.47%
Long-Term Debt to Total Capital	-310.11%	2,044.31%	-39.04%	-64.80%	442.57%	85.93%	115.37%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	410.11%	-1,944.31%	139.04%	164.80%	-342.57%	5.41%	-26.66%	-17.77%	24.46%	15.82%	21.54%
Debt to EBITDA	-0.85	-5.71	-0.68	-10.95	42.45	-1.97	-1.07	-0.55	-0.97	-0.97	-0.83
Net Debt to EBITDA	-0.83	-5.42	-0.47	-9.73	40.46	-1.23	-0.96	-0.44	-0.63	-0.72	-0.75
Long-Term Debt to EBITDA	-0.85	-5.71	-0.68	-10.95	42.45	-1.79	-0.97	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.82	-3.09	-0.68	-0.73	-1.61	-1.61	-1.60	-1.62	-1.31	-1.37	-1.17
Net Debt to NOPAT	-0.80	-2.93	-0.46	-0.65	-1.54	-1.00	-1.44	-1.29	-0.85	-1.02	-1.05
Long-Term Debt to NOPAT	-0.82	-3.09	-0.68	-0.73	-1.61	-1.46	-1.46	0.00	0.00	0.00	0.00
Altman Z-Score	-11.00	-8.15	-7.55	-6.94	-20.86	-7.98	-9.27	-10.29	-11.65	-12.78	-14.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.53	0.86	1.20	0.74	0.35	0.78	0.44	0.21	0.26	0.21	0.13
Quick Ratio	0.06	0.46	0.76	0.33	0.12	0.59	0.27	0.15	0.21	0.15	0.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-12	92	58	-20	-23	-97	-65	-20	-6.86	-7.67
Operating Cash Flow to CapEx	-595.91%	-2,106.18%	-29,020.25%	-4,906.77%	-8,931.31%	-13,856.08%	0.00%	-441,240.66%	-444.84%	0.00%	-49,832.44%
Free Cash Flow to Firm to Interest Expense	-14.03	-0.15	78.64	50.29	-0.40	-20.28	-80.22	-53.30	-1.76	-3.64	-1.41
Operating Cash Flow to Interest Expense	-3.59	-0.08	-7.20	-4.39	-0.08	-5.97	-6.08	-4.04	-0.35	-3.72	-1.30
Operating Cash Flow Less CapEx to Interest Expense	-4.19	-0.09	-7.22	-4.48	-0.09	-6.01	-6.08	-4.04	-0.43	-3.72	-1.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.11	0.09	0.06	0.07	0.04	0.08	0.14	0.16	0.12	0.10
Accounts Receivable Turnover	7.20	3.04	4.90	3.44	8.02	4.65	2.51	5.27	17.09	0.00	2.61
Inventory Turnover	2.69	1.68	1.64	1.49	6.32	5.60	6.07	7.08	0.00	0.00	0.00
Fixed Asset Turnover	0.43	0.26	0.19	0.11	0.11	0.08	0.16	0.25	0.27	0.24	0.19
Accounts Payable Turnover	3.24	2.38	2.13	2.31	1.50	1.53	1.68	2.44	2.73	4.33	3.29
Days Sales Outstanding (DSO)	50.69	119.89	74.49	106.09	45.53	78.57	145.63	69.21	21.35	0.00	139.76
Days Inventory Outstanding (DIO)	135.64	217.68	223.16	244.95	57.75	65.18	60.11	51.58	0.00	0.00	0.00
Days Payable Outstanding (DPO)	112.60	153.05	171.32	158.06	242.88	238.19	217.13	149.72	133.81	84.36	110.91
Cash Conversion Cycle (CCC)	73.72	184.52	126.33	192.98	-139.60	-94.43	-11.39	-28.93	-112.46	-84.36	28.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-11	-0.39	-74	-43	4.72	18	19	18	21	21	22
Invested Capital Turnover	-0.74	-0.96	-0.14	-0.21	-0.58	0.17	-0.11	-0.37	0.41	0.27	0.20
Increase / (Decrease) in Invested Capital	-4.15	8.10	-98	-64	16	18	93	61	16	2.88	3.46
Enterprise Value (EV)	65	128	26	30	35	22	58	35	25	24	23
Market Capitalization	34	16	8.50	6.56	9.93	5.89	34	14	11	6.84	6.15
Book Value per Share	($0.84)	($2.25)	($1.46)	($14.31)	($3.18)	$0.24	($0.15)	($0.10)	$0.51	$0.31	$1.04
Tangible Book Value per Share	($0.84)	($2.25)	($1.46)	($14.31)	($3.18)	($1.43)	($0.44)	($0.35)	($0.28)	($0.48)	($1.12)
Total Capital	-10	5.80	-66	-40	5.95	28	21	23	29	27	24
Total Debt	32	119	26	26	26	27	27	27	22	23	19
Total Long-Term Debt	32	119	26	26	26	24	25	0.00	0.00	0.00	0.00
Net Debt	31	112	18	23	25	17	24	22	14	17	17
Capital Expenditures (CapEx)	0.85	0.32	0.03	0.10	0.05	0.05	-0.00	0.00	0.91	0.00	0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.92	-8.05	-5.95	-5.54	-9.22	-12	-11	-15	-12	-11	-9.52
Debt-free Net Working Capital (DFNWC)	-8.17	-1.86	2.17	-2.62	-7.98	-1.50	-7.94	-9.58	-4.44	-5.16	-7.54
Net Working Capital (NWC)	-8.17	-1.86	2.17	-2.62	-7.98	-3.94	-10	-37	-26	-28	-26
Net Nonoperating Expense (NNE)	16	69	-11	-24	80	3.43	2.96	2.53	15	5.29	6.91
Net Nonoperating Obligations (NNO)	31	112	18	23	25	17	24	22	14	17	17
Total Depreciation and Amortization (D&A)	1.40	0.95	0.59	0.63	0.64	0.66	0.76	0.78	1.07	0.75	0.85
Debt-free, Cash-free Net Working Capital to Revenue	-135.01%	-189.34%	-164.30%	-230.76%	-510.02%	-766.09%	-344.03%	-321.37%	-228.57%	-209.65%	-233.26%
Debt-free Net Working Capital to Revenue	-123.61%	-43.76%	59.87%	-109.27%	-441.51%	-99.53%	-257.62%	-204.23%	-84.17%	-97.91%	-184.80%
Net Working Capital to Revenue	-123.61%	-43.76%	59.87%	-109.27%	-441.51%	-261.14%	-335.59%	-787.01%	-495.20%	-526.83%	-647.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1,251.72)	$0.00	$0.00	$0.00	($14,914.08)	($20.16)	($18.72)	($2.60)	($22.96)	($2.46)	($2.11)
Adjusted Weighted Average Basic Shares Outstanding	31.59K	0.00	0.00	0.00	5.67K	381.21K	402.88K	3.88M	835.23K	3.84M	5.37M
Adjusted Diluted Earnings per Share	($1,251.72)	$0.00	$0.00	$0.00	($14,914.08)	($20.16)	($18.72)	($2.60)	($22.96)	($2.46)	($2.11)
Adjusted Weighted Average Diluted Shares Outstanding	31.59K	0.00	0.00	0.00	5.67K	381.21K	402.88K	3.88M	835.23K	3.84M	5.37M
Adjusted Basic & Diluted Earnings per Share	($1,251.72)	$0.00	$0.00	$0.00	($14,914.08)	$0.00	$0.00	$0.00	($22.96)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	518.05K	587.05K	13.71M	0.00	5.00M	7.47M
Normalized Net Operating Profit after Tax (NOPAT)	-24	-3.88	-4.21	-3.90	-4.33	-4.14	-4.49	-4.11	-3.93	-3.98	-4.21
Normalized NOPAT Margin	-2,251.25%	-836.55%	-838.89%	-1,053.23%	-918.50%	-2,504.98%	-216.56%	-208.14%	-371.69%	-2,493.38%	-474.73%
Pre Tax Income Margin	-3,717.80%	-15,686.08%	905.10%	4,843.99%	-17,940.66%	-4,579.07%	-359.14%	-335.89%	-1,812.84%	-5,806.72%	-1,254.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-27.03	0.09	4.90	16.49	-0.68	-5.79	-5.16	-4.43	-0.66	-3.92	-1.04
NOPAT to Interest Expense	-16.97	-0.05	-5.16	-4.81	-0.09	-3.71	-3.72	-3.37	-0.34	-2.11	-0.77
EBIT Less CapEx to Interest Expense	-27.63	0.09	4.87	16.40	-0.69	-5.83	-5.16	-4.44	-0.74	-3.92	-1.04
NOPAT Less CapEx to Interest Expense	-17.57	-0.05	-5.18	-4.90	-0.09	-3.76	-3.72	-3.37	-0.42	-2.11	-0.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.40%	-0.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Nauticus Robotics (NASDAQ: KITT) remains in a financially fragile position, despite some sequential improvement in revenue and its balance sheet. Q2 2026 revenue increased to $886,000 from $160,000 in Q1, but it was still 57% below Q2 2025 revenue of $2.1 million. Revenue has been highly volatile, and the company has reported negative gross profit in every period provided. In Q2, the gross loss was $2.0 million, equivalent to a gross margin of approximately negative 224%.

Operating performance also remains weak. Q2 2026 operating expenses totaled $4.0 million, producing an operating loss of $6.0 million. Net loss widened sequentially to $11.1 million from $9.3 million in Q1, although it improved substantially from the $19.2 million loss reported in Q4 2025. The latest loss included $5.5 million of interest expense, highlighting the burden of the company’s financing structure.

Liquidity is the most immediate concern. Cash and equivalents fell from $5.3 million at the end of Q1 2026 to $1.4 million at the end of Q2, while operating activities consumed $7.1 million during the quarter. Restricted cash added another $604,000, but total current assets of $4.1 million were far below current liabilities of $30.5 million. KITT continued to rely on external financing, raising $1.5 million of debt and $1.7 million through common equity in Q2.

Revenue improved sequentially: Q2 2026 revenue rose approximately 455% from Q1 2026, indicating that customer activity or project execution may be recovering from the extremely weak first quarter.
Net losses improved from late 2025 levels: The Q2 loss of $11.1 million was substantially lower than the $19.2 million loss in Q4 2025, though it was worse than Q1.
Liabilities declined sequentially: Total liabilities fell to $30.7 million from $36.0 million in Q1 2026, while short-term debt declined by roughly $3.7 million.
Shareholders’ equity returned to positive territory: Total equity increased to $5.2 million in Q2 2026 from $4.2 million in Q1 and negative equity during much of 2025.
Capital expenditures are currently limited: Q2 property and equipment purchases were only $14,000, which conserves cash but may also indicate restrained investment in future capacity.
Accounts receivable increased to $841,000: This may reflect stronger billings associated with the revenue increase, although the company must convert those receivables into cash to ease liquidity pressure.
Operating cash flow remains deeply negative: KITT used $7.1 million in operating cash during Q2, following cash outflows of $7.0 million in Q1 and $4.1 million in Q4 2025.
Liquidity is extremely tight: Cash and equivalents of $1.4 million covered only a small fraction of the company’s $30.5 million in current liabilities, resulting in a current ratio of approximately 0.13.
Gross margins remain unsustainable: The company continues to spend substantially more on revenue-producing activities than it generates in sales, with Q2 cost of revenue of $2.9 million against $886,000 of revenue.
KITT remains dependent on debt and equity financing: The company raised more than $3.2 million through debt and common equity in Q2, while basic weighted-average shares increased to 5.4 million from 3.8 million in Q1, creating dilution risk for existing shareholders.

09/25/26 02:42 PM ETAI Generated. May Contain Errors.

Nauticus Robotics Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nauticus Robotics' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Nauticus Robotics' net income appears to be on a downward trend, with a most recent value of -$40.83 million in 2025, falling from -$15.13 million in 2021. The previous period was -$134.91 million in 2024.

Nauticus Robotics' total operating income in 2025 was -$23.73 million, based on the following breakdown:

Total Gross Profit: -$7.06 million
Total Operating Expenses: $16.67 million

Over the last 4 years, Nauticus Robotics' total revenue changed from $8.59 million in 2021 to $5.27 million in 2025, a change of -38.6%.

In the past 11 quarters, Nauticus Robotics' cash and equivalents has ranged from $1.37 million in Q2 2026 to $10.05 million in Q1 2025, and is currently $1.37 million as of their latest financial filing in Q2 2026.

Nauticus Robotics had total debt of $21.68 million at the end of 2025, a 17.7% decrease from 2024, and a 22.5% decrease since 2021.

Over the last 4 years, Nauticus Robotics' book value per share changed from -0.31 in 2021 to 0.51 in 2025.

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Financial statements for NASDAQ:KITTW last updated on 9/25/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nauticus Robotics (KITTW) Financials

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Nauticus Robotics (KITTW) Financials

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