Nauticus Robotics, Inc.

Snapshot

Nauticus is a tiny subsea-robotics company that still loses far more than it makes. FY 2025 revenue was $5.3M against a $40.8M net loss, and the company burned $24.0M in free cash flow with only $1.4M in cash on hand.

What's Happening Right Now

• Fri 25th Sep '26 · LOI financing: Nauticus signed a non-binding letter of intent for up to $50M in private placement funding that could significantly dilute shareholders or trigger a change of control.
• Wed 23rd Sep '26 · Reverse split: Nauticus completed a 1-for-6 reverse stock split effective Sept 24, 2026, its fourth split-related charter amendment, explicitly to meet Nasdaq's minimum bid price requirement.
• Wed 9th Sep '26 · Going concern: A prospectus filing disclosed auditors expressed substantial doubt about Nauticus's ability to continue as a going concern, with just $1.4M in cash against a $344.3M accumulated deficit, plus a material weakness in internal controls.
• Wed 9th Sep '26 · Earnings: Q2 2026 revenue fell 57% YoY to $886K, net loss widened to $11.1M, shares outstanding nearly doubled in six months, and the 10-Q carried explicit going-concern language.
• Wed 9th Sep '26 · Debt amendment: Nauticus cut its term loan conversion price for the fourth time since October 2025, down to $1.80, a repeated pattern signaling ongoing dilution pressure and balance-sheet strain.