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RoboticsPublic

Nauticus Robotics

catalyst in 11dNo base rate yet — KITT has 0 graded prints on the record, and the bar is 3.Website
Ticker
KITT
Beat
robotics
Size
Public Company
Revenue
$886K
as of Jun 2026
Cash
$1.4M
as of Jun 2026
Burn
$11.1M/qtr
as of Jun 2026
Runway
~0 qtr at this rate
as of Jun 2026
Researched · Stale
9 days ago

A real subsea-autonomy technology wrapped in a broken micro-cap balance sheet — going concern, a near-empty backlog, Q1-2026 revenue collapsed to $160k, and a board-authorized path to a cumulative 1-for-250 reverse split and 1.5B authorized shares. The tech may survive; today's common stock is a melting ice cube.

Orbit · who it trades with and competes with
3 on the rings · 0 trade · 3 rival
3 mentions across our dossiers
Focus · Robotics
Nauticus Robotics
KITT · public
No published house view
Competes with
Next prints in its web
Links · 3 companies · 0 trade · 3 rival
“The robotics-index peers in index.json (Tesla, Figure, 1X, Agility, Boston Dynamics, Symbotic, etc.) are humanoid/general robotics and not true comps — Nauticus competes in subsea/marine robotics.”Boston Dynamics · RIVAL · from Nauticus Robotics’s dossier
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Price

Weekly closes

KITT · weekly close
1.43 USD+14.4%
Friday 30 Oct 2026 · last 52 Fridays 1.25–11.36
pick a pin
Every pin is a dated row
Solid: filed with the SEC, settled at FINRA, or a recorded split. Hollow: the scheduled print, past the last close, never a price.
Height is the close · the ribbon is the stored record, a missing week a missing point · a pin stands on its Friday
  1. Short interest: 135,289 sh · 1 days to cover, FINRA · settled 30 Sept 2026
  2. Insiders bought, 90 days: 168,011 sh · 1 filing, Form 4 · 30 Sept 2026
  3. Next print: in 11 days, Scheduled · 11 Nov 2026, scheduled
1.43USD+14.4%robotics -1.6%KITT · 112 weekly closes to 2026-10-30

Who is buying

Insiders bought, last 90 daysSEC Form 4 · newest 30 Sept 2026
1 filing · 168,011 shares
Shares sold shortFINRA · settled 30 Sept 2026
135,289 shares
Days to unwind the shortFINRA · settled 30 Sept 2026
1
see the whole series
Financials

The reported figures

Revenue · quarterly
$886K
latest, Q2 ’26 · 12 periods stored
Filed · primary
Q2 ’26
$886K USD
as of 30 Jun 2026
Source: sec.gov
Solid = filed (primary) · hollow dashed = estimate · a dashed floor tick is a period with no figure held · quarterly and annual never share an axis
Nauticus Robotics, quarterly figures held, Q3 ’23 to Q2 ’26
PeriodAs ofRevenueCashShares outstandingGradingSource
Q3 ’2330 Sept 2023$1.6M USD$6.8M USD50.0M sharesFiled · primarysec.gov
Q4 ’2331 Dec 2023$1.1M USD$753K USD—Filed · primarysec.gov
Q1 ’2431 Mar 2024$464K USD$6.2M USD62.1M sharesFiled · primarysec.gov
Q2 ’2430 Jun 2024$502K USD$8.1M USD4.6M sharesFiled · primarysec.gov
Q3 ’2430 Sept 2024$370K USD$2.9M USD6.4M sharesFiled · primarysec.gov
Q4 ’2431 Dec 2024$471K USD$1.2M USD—Filed · primarysec.gov
Q1 ’2531 Mar 2025$165K USD$10.1M USD35.2M sharesFiled · primarysec.gov
Q2 ’2530 Jun 2025$2.1M USD$2.7M USD42.3M sharesFiled · primarysec.gov
Q3 ’2530 Sept 2025$2.0M USD$5.5M USD13.7M sharesFiled · primarysec.gov
Q4 ’2531 Dec 2025$1.1M USD$7.0M USD—Filed · primarysec.gov
Q1 ’2631 Mar 2026$160K USD$5.3M USD34.9M sharesFiled · primarysec.gov
Q2 ’2630 Jun 2026$886K USD$1.4M USD7.5M sharesFiled · primarysec.gov

Nauticus Robotics’s figures as the company reported them in its filings. Quarters are calendar quarters, so a company whose year ends in January shows each fiscal quarter under the calendar quarter it falls in. An empty slot is a quarter we hold no figure for.

Revenue · quarterlyQ3 ’23 – Q2 ’26
$886K-57% vs Q2 ’25

Q2 ’26 · as of Jun 2026

Revenue Q3 ’23: $1.6M, as of Sep 2023Revenue Q4 ’23: $1.1M, as of Dec 2023Revenue Q1 ’24: $464K, as of Mar 2024Revenue Q2 ’24: $502K, as of Jun 2024Revenue Q3 ’24: $370K, as of Sep 2024Revenue Q4 ’24: $471K, as of Dec 2024Revenue Q1 ’25: $165K, as of Mar 2025Revenue Q2 ’25: $2.1M, as of Jun 2025Revenue Q3 ’25: $2.0M, as of Sep 2025Revenue Q4 ’25: $1.1M, as of Dec 2025Revenue Q1 ’26: $160K, as of Mar 2026Revenue Q2 ’26: $886K, as of Jun 2026
Cash · quarterlyQ3 ’23 – Q2 ’26
$1.4Mdebt $21.6M

Q2 ’26 · as of Jun 2026

Cash Q3 ’23: $6.8M, as of Sep 2023Cash Q4 ’23: $753K, as of Dec 2023Cash Q1 ’24: $6.2M, as of Mar 2024Cash Q2 ’24: $8.1M, as of Jun 2024Cash Q3 ’24: $2.9M, as of Sep 2024Cash Q4 ’24: $1.2M, as of Dec 2024Cash Q1 ’25: $10.1M, as of Mar 2025Cash Q2 ’25: $2.7M, as of Jun 2025Cash Q3 ’25: $5.5M, as of Sep 2025Cash Q4 ’25: $7.0M, as of Dec 2025Cash Q1 ’26: $5.3M, as of Mar 2026Cash Q2 ’26: $1.4M, as of Jun 2026Debt Q4 ’23: $31.6M, as of Dec 2023Debt Q1 ’24: $119M, as of Mar 2024Debt Q2 ’24: $109M, as of Jun 2024Debt Q3 ’24: $79.4M, as of Sep 2024Debt Q4 ’24: $28.9M, as of Dec 2024Debt Q4 ’25: $21.8M, as of Dec 2025Debt Q1 ’26: $23.9M, as of Mar 2026Debt Q2 ’26: $21.6M, as of Jun 2026

CashDebt

Shares outstanding · quarterlyQ3 ’23 – Q2 ’26
7.5M-85% since Q3 ’23

Q2 ’26 · as of Jun 2026

Shares outstanding Q3 ’23: 50.0M, as of Sep 2023Shares outstanding Q1 ’24: 62.1M, as of Mar 2024Shares outstanding Q2 ’24: 4.6M, as of Jun 2024Shares outstanding Q3 ’24: 6.4M, as of Sep 2024Shares outstanding Q1 ’25: 35.2M, as of Mar 2025Shares outstanding Q2 ’25: 42.3M, as of Jun 2025Shares outstanding Q3 ’25: 13.7M, as of Sep 2025Shares outstanding Q1 ’26: 34.9M, as of Mar 2026Shares outstanding Q2 ’26: 7.5M, as of Jun 2026

A rising count is dilution: each existing share owns less of the company.

Latest filing: sec.gov

The record

What happened

What happened
DateTypeWhat happenedSource
2026-10-22editorial noteSources added: 0 → 13The dossier's cited-link count grew from 0 to 13 (deep-dive-2026-06-18.md → deep-dive-2026-10-22.md).dossier
2026-10-22editorial noteRevenue figure revised: 100% → 57%Revenue moved from 100% (deep-dive-2026-06-18.md) to 57% (deep-dive-2026-10-22.md).dossier
2026-10-02contract8-K: Sixth Amendment to Senior Secured Term Loan, conversion price $1.488On 30 Sep 2026 Nauticus Robotics entered a Sixth Amendment to its Term Loan Agreement reducing the conversion price to $1.488 for the period ending 2 Oct 2026 (initial conversion price $6.00).agent:company-events · SEC EDGAR 8-K
2026-10-02contract8-K: Series B and C preferred waivers of 30 Sep 2026 Triggering EventOn 30 Sep 2026 Nauticus Robotics received two waivers from one holder of Series B and C preferred waiving the Specified Event through 31 Mar 2027, including the 18% dividend rate and 125% conversion multiplier.agent:company-events · SEC EDGAR 8-K
2026-10-01contract8-K: Series A preferred triggering-event waiver through 31 Jan 2027On 30 Sep 2026 Nauticus Robotics received a waiver from one Series A holder of a Triggering Event; waiver period 30 Sep 2026 to 31 Jan 2027, waiving the 18% default dividend rate and 125% conversion multiplier.agent:company-events · SEC EDGAR 8-K
2026-09-29contract8-K: Series C preferred waiver of 30 Sep 2026 Triggering Event (23 Sep 2026)On 23 Sep 2026 a holder of Series C preferred executed a waiver of the Specified Event for 30 Sep 2026 through 31 Dec 2027, including the 18% dividend rate and 125% conversion multiplier.agent:company-events · SEC EDGAR 8-K
2026-09-25filing8-K Item 8.01: Nauticus Robotics non-binding LOI for up to $50m private placementNon-binding letter of intent with a strategic investor for a private placement equity investment of up to $50 million; terms non-binding and no assurance of definitive agreements.agent:company-events · SEC EDGAR 8-K
2026-09-23filing8-K: Nauticus Robotics 1-for-6 reverse stock split effective 24 Sep 20261-for-6 reverse split of common stock effective 8:01 PM ET on 24 Sep 2026; split-adjusted trading from 25 Sep 2026 on Nasdaq Capital Market under KITT; new CUSIP 63911H 504.agent:company-events · SEC EDGAR 8-K
2026-09-18contract8-K: Fifth Amendment to Term Loan extends maturity to 31 Jan 2028Fifth Amendment to the Senior Secured Term Loan Agreement (dated 14 Sep 2026, effective 17 Sep 2026) extends the Maturity Date to 31 Jan 2028.agent:company-events · SEC EDGAR 8-K
dossier age
9 days
researched 22 Oct 2026 · ring fills at 180
pick a section
Each column is a section of the dossier
Its height is how many times the section names a filing: 32 mentions across 2 sections. A dashed foot names none.
Primary sources
0 of 2 sections name no filing · Enter steps through them
  1. The dossier: Refresh delta (since 2026-06-18), 746 words, 28 filing mentions
  2. The dossier: What held, 73 words, 4 filing mentions
Research

The Nauticus Robotics dossier

The verdict

A real subsea-autonomy technology wrapped in a broken micro-cap balance sheet — going concern, a near-empty backlog, Q1-2026 revenue collapsed to $160k, and a board-authorized path to a cumulative 1-for-250 reverse split and 1.5B authorized shares. The tech may survive; today's common stock is a melting ice cube.

Primary sources

SEC filings

Source documents — open to read in full

Refresh delta (since 2026-06-18)

  1. Q2-2026 revenue fell 57%. Revenue $885,947 against $2,075,566 a year earlier; six-month revenue $1,045,521 against $2,240,822. Net loss $11.1M for the quarter and $20.4M for six months (against $7.5M and $15.0M). [sec.gov: Form 10-QThe quarterly version of the annual report. Lighter, and not audited. filed 2026-08-12, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000125/kitt-20260630.htm; periods ended 2026-06-30]. The previous dossier records Q1-2026 revenue of $0.16M.
  2. Cash and the working-capital gap. Cash and cash equivalents were $1,372,758 at 2026-06-30, against $7,016,610 at 2025-12-31 and $5.29M at 2026-03-31. Total current assets were $4.07M against total current liabilities of $30.5M.. [sec.gov: 10-Q filed 2026-08-12, same URL]
  3. Going-concern language unchanged. The 10-Q repeats substantial doubt about continuing as a Going concernAn auditor’s formal doubt that the company can fund itself for the next year. It is a warning about survival, not about performance. for twelve months, says the company funds itself from cash, the November 2024 debentures and its at-the-market programme, and says "a current investor has expressed an intention to provide financial support". [sec.gov: 10-Q filed 2026-08-12, same URL]
  4. The 2026 term-loan wall has been pushed out. The Fifth Amendment, effective 2026-09-17, extends the senior secured convertible term loan maturity to 2028-01-31. A holder also exercised a one-year extension of $3,985,000 of November 2024 debentures from 2026-09-09 to 2027-09-09. [sec.gov: Form 8-KA filing for something that happened between reports and matters enough to tell shareholders now. filed 2026-09-18, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000135/kitt-20260915.htm; Form 8-KA filing for something that happened between reports and matters enough to tell shareholders now. filed 2026-09-11, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000132/kitt-20260909.htm]. The previous dossier lists "2026 convertible term-loan maturities refinanced or not (~$19.7M)" as a catalyst.
  5. Conversion price resets continue. The term-loan conversion price was cut to $1.80 for a short window on 2026-08-12 (fourth amendment) and to $1.488 for the period ending 2026-10-02 on 2026-09-30 (sixth amendment). The 10-Q gives the original 2023 term loan price as $15,552 after reverse splits and a temporary $2.20 price in May 2026. [sec.gov: 8-K filed 2026-08-13, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000128/kitt-20260812.htm; 8-K filed 2026-10-02, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000168/kitt-20260930.htm; 10-Q filed 2026-08-12, same URL]
  6. Debt converted to preferred. On 2026-06-26 a lender exchanged about $4.0M of term-loan principal and interest ($2,146,701 principal, $1,853,299 interest) for 4,800 Series C preferred shares with $4.8M stated value. The 10-Q records the fair value of the preferred at $8.32M. The holder may require further exchanges. [sec.gov: 8-K filed 2026-06-30, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000101/kitt-20260626.htm; 10-Q filed 2026-08-12, same URL]
  7. Preferred-stock triggering events waived. Holders of Series A, B and C preferred waived the 2026-09-30 triggering event (which would have raised the dividend to 18% and given a 125% conversion multiplier) through dates between 2027-01-31 and 2027-12-31. [sec.gov: 8-K filed 2026-09-29, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000155/kitt-20260923.htm; 8-K filed 2026-10-01, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000163/kitt-20260930.htm; 8-K filed 2026-10-02, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000166/kitt-20260930.htm]
  8. Series D designated, none issued. The Series D convertible preferred (up to 50,000 shares, $1,000 stated value, 10% cumulative dividend) was designated on 2026-07-06. The 10-Q says no Series D shares had been issued at 2026-06-30. [sec.gov: 8-K filed 2026-07-09, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000109/kitt-20260706.htm; 10-Q filed 2026-08-12, same URL]
  9. Reverse splits. A 1-for-8 split took effect 2026-04-21 and a 1-for-6 split is effective 2026-09-24 (trading split-adjusted from 2026-09-25), to meet Nasdaq's bid-price rule. The previous dossier's price (about $1.42) and share counts pre-date both. [sec.gov: 8-K filed 2026-09-23, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000142/kitt-20260923.htm; 10-Q filed 2026-08-12, same URL]
  10. Share count. 7,471,960 common shares outstanding at 2026-08-12, before the 1-for-6 split. [sec.gov: 10-Q filed 2026-08-12, same URL].
  11. Strategic investor letter of intent. On 2026-09-25 the company announced a non-binding letter of intent with a strategic investor for a private placement of up to $50M. The filing says it could dilute existing holders or change control and that nothing is committed. [sec.gov: 8-K filed 2026-09-25, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000150/kitt-20260925.htm]
  12. Nasdaq monitor. The 10-Q says the company is under a mandatory panel monitor until 2026-12-19, must hold at least $3.5M of stockholders' equity each fiscal quarter, and could be delisted if it fails. [sec.gov: 10-Q filed 2026-08-12, same URL]
  13. Other financing. A further $1.5M original-issue-discount convertible debenture was issued 2026-07-20 (convertible at $7.60, due 2026-09-09). The 10-Q describes a $250M equity purchase facility, with sales capped at 19.99% of shares outstanding unless shareholders approve more. [sec.gov: 8-K filed 2026-07-21, https://www.sec.gov/Archives/edgar/data/1849820/000184982026000113/kitt-20260720.htm; 10-Q filed 2026-08-12, same URL]
  14. Where the new filings meet the carried view (stated as fact, no line changed). The carried seed lists "2026 convertible term-loan maturities" as a 2H-2026 catalyst; the term loan now matures 2028-01-31 (item 4). It lists "UAE / Master Investment Series D tranches funded"; no Series D shares were issued at 2026-06-30 (item 8). It names "authority to print 1.5B shares" and a "~1 quarter of cash" RunwayHow long the cash lasts at the current rate of spending. It shortens the moment spending rises, which is why a figure taken from a quiet quarter flatters.; item 2 gives cash of $1.37M. It lists "Nasdaq continued-listing compliance / next reverse-split need"; the 1-for-6 split took effect (item 9). The seed's "a strategic could buy the IP" risk is the subject of the non-binding letter of intent in item 11, which names no investor.

What held

  • Substantial doubt about going concern is still stated, and cash is lower than at the previous dossier. [sec.gov: 10-Q filed 2026-08-12, same URL]
  • Revenue remains tiny and below the prior-year level, and the company still depends on conversion-price concessions and new instruments to fund itself. [sec.gov: 10-Q filed 2026-08-12, same URL; 8-K filed 2026-10-02, same URL]
  • The company stays on Nasdaq, under a monitor. [sec.gov: 10-Q filed 2026-08-12, same URL]

How our view changed

2 dossiers

Every dossier we have written on Nauticus Robotics, newest first.

  1. current

    A real subsea-autonomy technology wrapped in a broken micro-cap balance sheet

  2. A real subsea-autonomy technology wrapped in a broken micro-cap balance sheet

Company details

IndustryRobotics
SizePublic Company
WebsiteVisit Nauticus Robotics

Others in robotics

5 names

Where Nauticus Robotics sits against the other names we cover on this beat. Each line is that company’s verdict, not a summary of it.