Nauticus Robotics, Inc.
KITT Industrials Aerospace & Defense
Nauticus Robotics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 million, up 191.8% from fiscal 2024. In the quarter to June 2026, revenue fell 57.3%, EPS grew 88.7% and free cash flow grew 3.08%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Nauticus Robotics, Inc. (KITT) Altman Z-score
Nauticus Robotics, Inc.'s Altman Z-score for fiscal 2025 is −12.99, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −12.99 | 6.32 |
| FY2024 | −19.31 | (6.12) |
| FY2023 | −13.19 | (12.00) |
| FY2022 | −1.20 | (0.54) |
| FY2021 | −0.66 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.61) | — | −0.74 | |
| Retained earnings / total assets | (7.59) | — | −10.63 | |
| EBIT / total assets | (0.56) | — | −1.84 | |
| Market value of equity / total liabilities | 0.14 | — | 0.09 | |
| Sales / total assets | 0.12 | — | 0.12 | |
| Altman Z-score | Distress zone | −12.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −32.31 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AIRI Air Industries Group compare | −0.5× |
| GPUS Hyperscale Data, Inc. compare | −3.7× |
| DFSC DEFSEC Technologies Inc. compare | −6.7× |
| PRZO ParaZero Technologies Ltd. compare | −8.9× |
| KITT Nauticus Robotics, Inc. | −13.0× |
| DUKR DUKE Robotics Corp. compare | −16.4× |
| DFNS T3 Defense Inc. compare | −82.2× |
| VWAV visionwave holdings, inc. compare | — |
| HLSQ Tessera Defense and Homeland Security Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets