Nauticus Robotics Delays Annual 10-K Filing

Nauticus Robotics ( (KITT) ) has released a notification of late filing.

Nauticus Robotics, Inc. has filed a Form 12b-25 to notify investors that it will delay its Form 10-K (Yearly Report) for the fiscal year ended December 31, 2025. The delayed filing concerns the company’s Annual Report on Form 10-K (Yearly Report), even though the cover of the notice also lists Form 10-Q (Quarter Report) among the generic check boxes.

The company attributes the delay primarily to an ongoing review of how it classifies its Series A, Series B, and Series C Convertible Preferred Stock on its balance sheet. Management is reassessing whether these preferred shares should be presented as equity rather than debt, which requires extensive coordination, evaluation, and communication among internal teams and external advisers.

Nauticus states that it is working diligently to complete this accounting review and believes it could not file the Form 10-K (Yearly Report) on time without unreasonable effort or expense. The company currently expects to file the delayed Form 10-K (Yearly Report) by April 15, 2026, which falls within the standard 15-day extension window permitted under Rule 12b-25 for annual reports.

Importantly for shareholders, Nauticus does not anticipate any significant change in results of operations compared with the prior fiscal year as will be reflected in the upcoming earnings statements. The primary issue is the classification of preferred stock rather than a surprise swing in revenue, profit, or loss, though investors should note that changes in classification can still affect balance sheet metrics and ratios.

The notification also includes a standard caution on forward-looking statements, emphasizing that the expected timing of the Form 10-K (Yearly Report) and the final accounting treatment of the preferred stock are subject to risks and uncertainties. Management warns that actual outcomes could differ materially from these expectations, and encourages investors to review the company’s risk disclosures in past Form 10-K (Yearly Report) and Form 10-Q (Quarter Report) filings.

Nauticus confirms that it has filed all other required periodic reports over the past 12 months and that it is not aware of any major operational result swings to disclose at this time. The Form 12b-25 is signed on behalf of the company by Interim Chief Financial Officer Jimena Begaries on April 1, 2026, underscoring management’s commitment to completing the review and returning to timely filing compliance.

The most recent analyst rating on (KITT) stock is a Hold with a $0.99 price target. To see the full list of analyst forecasts on Nauticus Robotics stock, see the KITT Stock Forecast page.

Spark’s Take on KITT Stock

According to Spark, TipRanks’ AI Analyst, KITT is a Neutral.

The score is held down primarily by weak financial quality—large ongoing losses, negative gross profit, and a highly stressed balance sheet with negative equity—despite strong revenue growth. Technicals show improving near-term momentum, and company updates point to operational progress and improved cash, but valuation support is limited due to negative earnings and no dividend.

To see Spark’s full report on KITT stock, click here.

More about Nauticus Robotics

Nauticus Robotics, Inc. is a U.S.-based company headquartered in Webster, Texas. It operates in the robotics and technology space, focusing on advanced systems that are typically used in demanding industrial and maritime environments.

Average Trading Volume: 4,926,171

Technical Sentiment Signal: Sell

Current Market Cap: $13.99M

See more insights into KITT stock on TipRanks’ Stock Analysis page.