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Highlights

  • Revenue grew to USD 2.1 million from USD 0.5 million in Q2 2024.
  • Net loss of USD 7.5 million versus USD 4.5 million profit last year.
  • Cash position fell to USD 2.7 million from USD 10.1 million in Q1 2025.

Nauticus Robotics, Inc. (NASDAQ: KITT) has reported its second-quarter 2025 financial results, posting a sharp increase in revenue to USD 2.1 million from USD 0.5 million in the same quarter last year. The growth was attributed in part to the integration of SeaTrepid, whose assets have been fully utilized since the acquisition, with continued strong utilization expected through the third quarter.

Despite the revenue improvement, the company recorded a net loss of USD 7.5 million, or USD 0.26 per share, compared to net income of USD 4.5 million in Q2 2024. Operating expenses rose to USD 8.4 million, an increase of USD 1.9 million year-over-year, driven partly by a USD 1.1 million rise in general and administrative costs.

Nauticus ended the quarter with USD 2.7 million in cash, down from USD 10.1 million at the end of the first quarter of 2025, indicating increased capital outflows to support operations and expansion initiatives.

The company noted strong market demand from its oil and gas and environmental government clients, and highlighted that its wind energy operations have resumed after a slow start to 2025. Management also referenced a potential multi-quarter contract opportunity set to begin in the fourth quarter, which could contribute to future revenue stability.

The SeaTrepid acquisition appears to be contributing as anticipated, with operational deployment levels meeting targets. However, the decline in cash reserves and widening net loss highlight the company’s current need to manage its cost structure while maintaining operational momentum.

Nauticus remains focused on leveraging its subsea robotics technology across multiple sectors, including offshore energy, environmental monitoring, and government services. The company’s outlook for the remainder of 2025 includes sustaining asset utilization, advancing project execution, and securing longer-term contracts.