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Nauticus Robotics

KITT
16
Aerospace & Defense · Industrials
Price
$0.80
+0.03 (+3.81%)
Market Cap
$569,800
Exchange
NASDAQ Capital Market
Winston Score
16
Winston is worried
Weak fundamentals across most pillars.
Data as of Jul 28, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+178.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 299K (2021) → 835K (2025)

Nauticus Robotics is a small technology company that builds underwater robots and software for working in the ocean. Its main products include autonomous underwater vehicles and a software platform called ToolKITT, which lets these robots perform tasks like inspecting pipelines, repairing equipment, and supporting offshore energy operations. The company primarily targets the offshore oil and gas industry, as well as defense and government customers.

Nauticus earns revenue by selling or leasing its robotic systems and licensing its software to customers who need to do dangerous or expensive work underwater without sending human divers. The company is based in Webster, Texas, and operates at a very small scale, with a market cap near zero and deeply negative margins, meaning it spends far more than it earns. The biggest risk facing Nauticus is running out of cash before it can grow its customer base enough to reach profitability, which makes its financial survival the central challenge for the business.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+87.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

6.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$5M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Nauticus Robotics has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-1149.5%
Thin — -1149.5% gross margin
Operating Margin
-3562.0%
Losing money on operations — -3562.0%
ROCE
-20.2%
Weak — -20.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+249.3%
Fast-growing sales (249.3% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-460.7%
Burning cash (-460.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
5.63
Heavy debt load (5.63)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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