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Nauticus Robotics Reports Second Quarter Results

HOUSTON, August 11, 2025 – Nauticus Robotics, Inc. (NASDAQ: KITT), a prominent player in subsea robotics and software solutions, has unveiled its financial results for the quarter ending June 30, 2025. The company demonstrated remarkable growth, with significant revenue increases and strategic advancements that indicate a promising trajectory for the remainder of the year.

Financial Performance

In the second quarter, Nauticus reported revenue of $2.1 million, a notable rise from $0.5 million in the same period last year and $0.2 million from the first quarter of 2025. John Gibson, President and CEO, shared, "The first half of 2025 shows that we are maintaining the momentum that started last year. Our revenue growth, coupled with a strategic acquisition, positions us for sustained and profitable growth."

The company's successful acquisition of SeaTrepid earlier in the year has already begun to yield results. Revenue attributed to this acquisition has significantly enhanced Nauticus's operational capacity. Gibson further emphasized that discussions with customers are leading to innovative execution models that integrate advanced technologies into current assets, ensuring the SeaTrepid fleet's resources remain fully utilized.

Operational Milestones

As customer demand surged, particularly in North America’s offshore sector, Nauticus has made considerable strides. One of its ROV units was recently deployed back to the U.S. Northeast Coast for inspections at offshore wind farms, while another unit completed various projects for nine different clients along the U.S. Gulf Coast. Furthermore, the Aquanaut® Vehicle 2 has met all operational readiness requirements and is already positioned to support work in the Gulf regional projects during the second half of 2025.

Market Outlook

The response to Nauticus's expanded services has been overwhelmingly positive. Clients from oil, gas, and environmental sectors are keenly awaiting their service availability, particularly within the Gulf Coast schedule. As wind energy initiatives re-engage post a slower start in early 2025, Nauticus is poised to gain from the contraction of service providers focused on wind energy.

The company anticipates signing a multi-quarter service agreement, potentially beginning in the fourth quarter, which could significantly boost asset utilization during offseason periods for Gulf operations.

Financial Insights

Key Financial Highlights

• - Revenue: $2.1 million (Q2 2025) vs. $0.5 million (Q2 2024)
• - Operating Expenses: Increased to $8.4 million, marking a $1.9 million rise from the prior year's quarter
• - Adjusted Net Loss: Reported an adjusted net loss of $7.4 million, slightly higher than $6.5 million from Q2 2024
• - Net Loss: For Q2 2025, Nauticus recorded a net loss of $7.5 million, which is substantial compared to a net income of $4.5 million during the same quarter in 2024.

The company currently holds $2.7 million in cash and cash equivalents as of June 30, 2025, down from $10.1 million reported at the end of Q1.

Future Prospects

Nauticus is set to host a conference call on August 12, 2025, to further analyze its financial results and future projects. This conference will provide an opportunity for stakeholders to gain deeper insights into the strategies steering Nauticus’s growth trajectory.

As Nauticus Robotics continues to develop cutting-edge technology for subsea operations, its commitment to reducing operational costs, increasing data collection, and maintaining environmental stewardship positions it favorably within the evolving landscape of marine technologies. With the momentum from recent successes and the strategic realignment of its operational focus, Nauticus Robotics is poised for a promising future as it addresses the pressing demands of the subsea industry.