Revenue: As of FY2026 Q1, the actual value is USD 159.58 K.EPS: As of FY2026 Q1, the actual value is USD -2.46.EBIT: As of FY2026 Q1, the actual value is USD -4.731 M.Nauticus Robotics, Inc. operates as a single segment, focusing on technology, engineering services, and products for the offshore industry and governmental entities. <h4>Revenue</h4><ul><li>Total Revenue: For the three months ended March 31, 2026, total revenue was $159,575, a decrease of - $5,682 or -3% compared to $165,256 for the same period in 2025. </li><li>Service Revenue: Service revenue was $159,575 in Q1 2026, down from $165,256 in Q1 2025. </li><li>Revenue by Type: Revenue from cost plus fixed fee contracts decreased from $165,256 in Q1 2025 to $82,075 in Q1 2026, while firm fixed-price revenue increased from $0 to $77,500 in the same periods. The company had no product sales in either period. </li></ul><h4>Costs and Expenses</h4><ul><li>Cost of Revenue: Increased by $754,937 or 61% to $1,993,894 in Q1 2026 from $1,238,957 in Q1 2025. </li><li>Depreciation and Amortization: Increased by $144,415 or 30% to $624,791 in Q1 2026 from $480,376 in Q1 2025. </li><li>General and Administrative: Decreased by - $1,134,779 or -26% to $3,224,907 in Q1 2026 from $4,359,686 in Q1 2025. </li><li>Total Costs and Expenses: Decreased by - $235,426 or -4% to $5,843,592 in Q1 2026 from $6,079,019 in Q1 2025. </li></ul><h4>Operating Loss</h4><ul><li>The operating loss for Q1 2026 was - $5,684,017, a decrease of - $229,746 or -4% from - $5,913,763 in Q1 2025. </li></ul><h4>Other (Income) Expense, Net</h4><ul><li>Other (income) expense, net: Remained minimal at - $3,145 in Q1 2026, compared to - $137,397 in Q1 2025. </li><li>Loss on extinguishment of debt: A loss of $929,508 was reported in Q1 2026, with no such loss in Q1 2025. </li><li>Change in fair value of derivative: A loss of $515,827 was reported in Q1 2026, with no such loss in Q1 2025. </li><li>Change in fair value of warrant liabilities: A gain of - $3,019 was reported in Q1 2026, compared to a gain of - $50,888 in Q1 2025. </li><li>Change in fair value of November 2024 Debentures: A loss of $1,188,840 was reported in Q1 2026, compared to a loss of $723,926 in Q1 2025. </li><li>Interest expense, net: Decreased by - $161,433 or -14% to $953,083 in Q1 2026 from $1,114,516 in Q1 2025. </li></ul><h4>Net Loss</h4><ul><li>The net loss for Q1 2026 was - $9,266,081, an increase of $1,698,894 or 22% from - $7,567,187 in Q1 2025. </li></ul><h4>Cash Flow</h4><ul><li>Net cash used in operating activities: Was - $7,005,769 in Q1 2026, compared to - $6,649,394 in Q1 2025. </li><li>Net cash used in investing activities: Was $0 in Q1 2026, compared to - $3,919,981 in Q1 2025. </li><li>Net cash provided by financing activities: Was $5,276,843 in Q1 2026, compared to $19,438,121 in Q1 2025. </li><li>Cash and cash equivalents: As of March 31, 2026, Nauticus Robotics, Inc. had $5,285,230 in cash and cash equivalents. </li></ul><h4>Unique Metrics</h4><ul><li>Stock-based compensation: Totaled $225,552 in Q1 2026, compared to $312,679 in Q1 2025. </li><li>Preferred stock dividend: Totaled $191,250 in Q1 2026. </li><li>Derivative Liability (EPFA): As of March 31, 2026, a derivative liability of $515,827 related to the EPFA was recorded. </li><li>Warrant Liabilities: Public Warrants were valued at $1,769 (Q1 2026) and $1,612 (Q4 2025); Private Warrants at $647 (Q1 2026) and $589 (Q4 2025); and SPA Warrants at $5,846 (Q1 2026) and $9,080 (Q4 2025). </li></ul><h4>Future Outlook and Strategy</h4>Nauticus Robotics, Inc. experienced significant momentum in Q1 2026, with its ROV fleet preparing for upcoming projects and Aquanaut Vehicle 1 advancing client-driven workflow testing. The integration of SeaTrepid is expanding the customer base and geographic reach, while the company is developing a next-generation compact, fully electric manipulator to meet market demand. The market environment for offshore energy is robust, with revived opportunities in North American offshore wind and accelerating adoption of autonomous subsea robotics due to customer priorities. The company’s near-term pipeline is strong, supported by active contracts, prospective projects, and international interest, positioning Nauticus Robotics, Inc. to lead the next phase of subsea autonomy and create long-term value for stakeholders. <h4>Liquidity and Going Concern</h4>Nauticus Robotics, Inc. has incurred recurring losses and does not generate sufficient revenue to cover operating expenses, relying on cash on hand, November 2024 Debentures, the Equity Purchase Facility Agreement, and ATM offerings for funding. While an investor intends to provide financial support, factors like stock price and market conditions may affect capital raising, creating substantial doubt about the company’s ability to continue as a going concern for at least twelve months from the financial statements’ issuance date.

Nautics Robotics | 10-Q: FY2026 Q1 Revenue: USD 159.58 K