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$1.35 -$0.04 (2.8%) Pre-market
Nauticus Robotics Inc logo

Nauticus Robotics Inc

nauticusrobotics.com

What Do They Do?

Builds autonomous underwater robots, electric subsea manipulators and robotic software, and provides related engineering and subsea services for offshore energy and defense customers.

How Do They Make Money?

Customers pay for engineering, technical and other services to design and develop subsea robots and software; the work is billed as it is provided over the contract period.

revenue
SegmentShareRevenue
Cost plus fixed fee
100%
FY2022: 60%
Firm fixed-price
Sold outright
0.0%
FY2022: 26%
Firm fixed-price-vehicle lease
Sold outright
0.0%
FY2022: 13%

Who Are Their Customers?

Offshore energy producers buy subsea inspection and related services, while government and defense customers buy engineering, prototypes and robotic solutions. The company also works with commercial ROV operators through its software and services.

Customers above 10% of revenue, FY2025
of revenue from five customers (19%, 19%, 11%, 10%, 10%)
FY2024: 82% from three customers

Do Revenues Turn Into Profits?

No. It lost $40.8M in FY2025.

Operating income, FY2025
−450% of revenue
▲ +2% (Loss) vs FY2024 (−$23.3M, −1290%)
Net income, FY2025
−774% of revenue
▼ −70% (Loss) vs FY2024 (−$134.9M, −7464%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −57%
vs $2.1M in Q2 FY2025
Net income
▲ +49% (Loss)
vs −$7.5M in Q2 FY2025
Cost plus fixed fee share of revenue vs 100.0% in Q2 FY2025
  • Sep 9, 2026 A debenture holder extended maturity by one year The extension moves the maturity date from September 9, 2026 to September 9, 2027.
  • May 13, 2026 Nauticus amended payment terms for its SeaTrepid acquisition

Shrinking. Revenue fell 39% in 4 years, from $8.6M in FY2021 to $5.3M in FY2025, about 11% a year.

Added subsea service operations The older report described a shift toward subsea robotic services using technology-based products; the latest report includes SeaTrepid ROV services alongside its robot, software and engineering offerings.

Expanded customer work to offshore producers The older report emphasized engineering contracts for government and commercial customers and planned commercial robot services. The latest report describes active engagement with offshore producers to introduce Aquanaut and ongoing subsea services.

Olympic Arm commercialization The latest report describes an agreement for Forum Energy Technologies to lead commercialization, manufacturing and distribution of the electric manipulator, while the older report described anticipated conventional sales contracts.

Revenue over time
Cost plus fixed fee Firm fixed-price Firm fixed-price-vehicle lease
$20M$10M$0

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