Nauticus Robotics, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 15, 2026
KITT$1.33-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the year ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows used in operating activities: | ||
| Net loss | $(40,828,402) | $(134,906,649) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,344,826 | 1,736,828 |
| Accretion of debt discount | 40,253 | 411,705 |
| Amortization of debt issuance cost | 886,504 | 664,690 |
| Capitalized paid-in-kind (PIK) interest | 696,345 | 900,383 |
| Accretion of exit fee | (9,663) | 97,694 |
| Stock-based compensation | 1,296,555 | 2,303,054 |
| Change in fair value of warrant liabilities | (170,632) | (13,559,010) |
| Change in fair value of New Convertible Debentures | - | (7,989,948) |
| Change in fair value of November 2024 Convertible Debentures | 2,247,848 | 435,864 |
| Loss on extinguishment of debt | 6,371,971 | 127,605,940 |
| Induced conversion expense | 3,941,929 | - |
| Non-cash lease expense | 535,738 | 504,097 |
| Loss on disposal of assets | 25,788 | 19,202 |
| Loss on lease termination | 2,639 | 18,721 |
| Inventory write-off | 500,332 | - |
| Other notes payable adjustments | - | 115,394 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,798) | (26,103) |
| Inventories | 41,146 | (58,683) |
| Other assets | 830,664 | 995,999 |
| Accounts payable and accrued liabilities | 54,009 | (1,696,525) |
| Contract liabilities | (346,279) | (2,421,634) |
| Operating lease liabilities | (569,139) | (397,375) |
| Other liabilities | (895,118) | 895,118 |
| Net cash used in operating activities | (23,004,484) | (24,351,238) |
| Cash flows from (used in) investing activities: | ||
| Capital expenditures | (961,814) | (501,600) |
| Acquisition of business, net of cash acquired | (4,371,992) | - |
| Proceeds from sale of assets held for sale | - | 676,177 |
| Proceeds from sale of property and equipment | 150 | 5,705 |
| Net cash from (used in) investing activities | (5,333,656) | 180,282 |
| Cash flows from financing activities: | ||
| Proceeds from notes payable | - | 14,305,000 |
| Payment of debt issuance costs on notes payable | - | (1,316,791) |
| Proceeds from November 2024 Debentures | - | 2,150,000 |
| Proceeds from At the Market (ATM) offering, net | 31,948,650 | 9,357,954 |
| Issuance of Series B Preferred Stock | 2,855,000 | - | |||
|---|---|---|---|---|---|
| Repayment on Ameristate Loan | (86,755) | - | |||
| Net cash from financing activities | 34,716,895 | 24,496,163 | |||
| Effect of changes in exchange rates on cash and cash equivalents | - | (42,229) | |||
| Net change in cash, cash equivalents and restricted cash | 6,378,755 | 282,978 | |||
| Cash, cash equivalents and restricted cash, beginning of year | 1,238,198 | 955,220 | |||
| Cash, cash equivalents and restricted cash, end of year | $7,616,953 | $1,238,198 | |||
| Supplemental disclosure of cash flow information: | |||||
| Cash paid for interest | $163,571 | $158,559 | |||
| Cash paid for taxes | $ | - | $ | - | |
| Non-cash investing and financing activities: | |||||
| Conversion of Term Loan notes and interest to common stock | $6,644,531 | $ | - | ||
| Conversion of convertible debt to Common Stock | $4,668,008 | $29,741,859 | |||
| Issuance of Series B preferred stock | $2,855,000 | $ | - | ||
| Series C preferred stock issued in exchange for convertible debt | $10,480,581 | $ | - | ||
| Transfer from inventories to property and equipment | $414,416 | $1,376,885 | |||
| Earnout shares for acquisition | $6,864,729 | $ | - | ||
| Debt assumed in acquisition | $2,383,382 | $ | - | ||
| Accrued purchase price | $3,287,881 | $ | - | ||
| Preferred stock dividend | $1,006,000 | $ | - | ||
| Deemed dividend | $27,987,356 | $ | - | ||
| Exchange of convertible debt and accrued interest expense to preferred stock | $ | - | $61,429,200 | ||
| Series A preferred stock issued in exchange for convertible debt | $ | - | $110,300,191 | ||
| Exercise of warrants | $ | - | $4,635,257 | ||
| Liabilities relieved through sale of assets held for sale | $ | - | $1,158,609 | ||
| Transfer from assets held for sale to property and equipment | $ | - | $1,093,653 | ||
| Operating leases at inception | $ | - | $1,185,119 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.