10-Q: Q3 2025 Earnings Report

Nauticus Robotics reported Q3 2025 revenue of $1.98 million, a 434% increase from $370,187 in Q3 2024, driven by the SeaTrepid acquisition completed in March 2025. However, the company posted a net loss of $6.64 million compared to a $17.93 million profit in the prior year quarter, primarily due to higher operating costs and absence of gains from convertible debentures.Operating expenses rose 32% to $7.85 million, with cost of revenue increasing 61% to $4.27 million due to expanded operations. The SeaTrepid integration is progressing well, enabling broader customer reach and higher fleet utilization. During the quarter, Aquanaut achieved a new depth record of 2,300 meters in deepwater testing off Louisiana's coast.The company ended the quarter with $5.49 million in cash. Management secured a $250 million equity line of credit facility in October to fund potential acquisitions and growth initiatives. However, Nauticus received a Nasdaq notice regarding non-compliance with the $35 million minimum market value requirement, which it is working to address through various options including establishing compliance under alternative standards.

Nauticus Robotics reported Q3 2025 revenue of $1.98 million, a 434% increase from $370,187 in Q3 2024, driven by the SeaTrepid acquisition completed in March 2025. However, the company posted a net loss of $6.64 million compared to a $17.93 million profit in the prior year quarter, primarily due to higher operating costs and absence of gains from convertible debentures.Operating expenses rose 32% to $7.85 million, with cost of revenue increasing 61% to $4.27 million due to expanded operations. The SeaTrepid integration is progressing well, enabling broader customer reach and higher fleet utilization. During the quarter, Aquanaut achieved a new depth record of 2,300 meters in deepwater testing off Louisiana's coast.The company ended the quarter with $5.49 million in cash. Management secured a $250 million equity line of credit facility in October to fund potential acquisitions and growth initiatives. However, Nauticus received a Nasdaq notice regarding non-compliance with the $35 million minimum market value requirement, which it is working to address through various options including establishing compliance under alternative standards.