Nauticus Robotics, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated total revenue of $2.08 million for the quarter, a substantial increase of 314% compared to $501,708 in the same period last year. For the first half of 2025, revenue reached $2.24 million, up 132% from $966,062 in the first half of 2024. This growth was primarily attributed to the integration of SeaTrepid International LLC, which Nauticus acquired on March 20, 2025, for approximately $14.4 million. Despite the revenue increase, Nauticus reported a net loss of $7.45 million for the quarter, compared to a net income of $4.54 million in the prior year, reflecting increased operational costs and expenses associated with the acquisition.
The company's total costs and expenses for the second quarter of 2025 were $8.45 million, a 30% increase from $6.51 million in the same quarter of 2024. The rise in costs was driven by higher general and administrative expenses, which increased by 35% to $4.37 million, largely due to costs related to the SeaTrepid acquisition and its integration. Additionally, the cost of revenue rose by 22% to $3.50 million, reflecting the increased operational activity. The company’s operating loss for the quarter was $6.37 million, slightly higher than the $6.01 million loss reported in the same quarter last year.
Operationally, Nauticus has made strides in product development and market engagement. The company has successfully integrated its flagship autonomous vehicle, AQUANAUT®, into commercial operations, marking a critical milestone in its revenue generation strategy. The Nauticus ToolKITT™ software platform is nearing full commercial deployment, with external testing scheduled to begin soon. The company has also established strategic partnerships, including a collaboration with Open Ocean Robotics to enhance its service offerings.
As of June 30, 2025, Nauticus reported cash and cash equivalents of $2.66 million, a decrease from $8.12 million at the end of the previous year. The company has indicated that it may require additional liquidity to sustain operations over the next twelve months, although it has secured commitments from current investors to support its financial needs. The outlook remains cautiously optimistic, with Nauticus focusing on scaling its operations and enhancing product adoption in the growing autonomous subsea robotics market. The company anticipates that the integration of SeaTrepid will unlock new service opportunities and expand its customer base, positioning Nauticus for future growth.
About Nauticus Robotics, Inc.
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