Nauticus Robotics Shares Q2 2026 Financial Results

Nauticus Robotics, Inc., a provider of subsea robotics and software, announced its financial results for the quarter ended June 30, 2026.

STRATEGIC AND OPERATIONAL HIGHLIGHTS

Nauticus ToolKITT Commercialization

During the quarter, Nauticus successfully deployed a Comanche ROV integrated with Nauticus ToolKITT in customer operations. The system demonstrated improved operating efficiency and reduced pilot workload, providing additional field validation of the Company's software-enabled approach to subsea operations.

Nauticus also released its Nauticus ToolKITT software for ROVs. The platform is now being marketed to underwater fleet operators across energy and defense markets.

Expanding Market Reach

Nauticus expanded its presence in offshore wind along the US East Coast, completed work with a major global subsea cable-laying company, and is pursuing additional opportunities on the US West Coast and Internationally.

Nauticus is also evolving its international commercial model to pursue opportunities where the Company can serve as the primary contractor and capture more of the economic benefit created by its autonomous technology.

Defense and Government Opportunities

Nauticus increased its near-term focus on defense and government markets during the quarter, where demand for autonomous systems, subsea awareness and infrastructure security aligns closely with the Company's existing technology portfolio.

The Company completed an initial scope of work intended to support the evaluation of a broader multiphase defense opportunity. If awarded, the Company anticipates the potential for associated revenue in 2026 and 2027.

Nauticus is also participating in collaborative proposal efforts involving government, commercial, defense, and academic organizations evaluating autonomous approaches to persistent subsea sensing infrastructure.

Technical Development

The Company completed the prototype of its next-generation electric manipulator and began functional and load testing. Nauticus believes the system can provide a lower-cost manufacturing pathway while supporting future commercial and defense applications requiring autonomous subsea interaction.

Aquanaut® also completed the planned freshwater phase of autonomous mooring line and riser inspection workflows at the Company's Florida test location. Further testing will require access to an appropriate intermediate offshore environment and will depend on customer budget cycles and site availability.

FINANCIAL HIGHLIGHTS

Revenue: Nauticus reported second-quarter revenue of $0.9 million, compared to $2.1 million for the prior-year period and $0.2 million for the prior quarter.

Operating Expenses: Total expenses during the second quarter were $6.9 million, a $1.6 million decrease from the prior-year period and a $1 million increase from Q1 2026. 

Adjusted Net Loss: Nauticus reported adjusted net loss of $7.0 million for the second quarter, compared to an adjusted net loss of $7.46 million for the same period in 2025 and an adjusted net loss of $6.4 million for Q1 2026. Adjusted net loss is a non-GAAP measure which excludes the impact of certain items, as shown in the non-GAAP reconciliation table below.

Net Loss: For the second quarter, Nauticus recorded a net loss of $11.1 million, or basic loss per share of $2.30. This compares with a net loss of $7.4 million from the same period in 2025, and a net loss of $9.3 million in the prior quarter.

G&A Cost: Nauticus reported G&A second-quarter costs of $3.3 million, which is a decrease of $1.1 million compared to the same period in 2025 and a $0.1 million increase from the first quarter in 2026.

Balance Sheet and Liquidity

As of June 30, 2026, the Company had cash, cash equivalents, and restricted cash of $2.0 million, compared to $7.6 million as of December 31, 2025.