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Side-by-side financial comparison of Nauticus Robotics, Inc. (KITT) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.

MultiSensor AI Holdings, Inc. is the larger business by last-quarter revenue ($1.4M vs $1.1M, roughly 1.3× Nauticus Robotics, Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -1812.8%, a 1648.7% gap on every dollar of revenue. On growth, Nauticus Robotics, Inc. posted the faster year-over-year revenue change (124.4% vs -0.9%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-5.0M). Over the past eight quarters, Nauticus Robotics, Inc.'s revenue compounded faster (-18.6% CAGR vs -21.9%).

Nauticus Robotics, Inc. develops and manufactures autonomous underwater robots, intelligent marine operation systems, and provides tailored robotic services for clients across offshore energy, maritime defense, and ocean scientific research sectors, with core markets covering North America and global coastal operation regions.

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

KITT vs MSAI — Head-to-Head

Bigger by revenue
MSAI
MSAI
1.3× larger
MSAI
$1.4M
$1.1M
KITT
Growing faster (revenue YoY)
KITT
KITT
+125.2% gap
KITT
124.4%
-0.9%
MSAI
Higher net margin
MSAI
MSAI
1648.7% more per $
MSAI
-164.1%
-1812.8%
KITT
More free cash flow
MSAI
MSAI
$2.4M more FCF
MSAI
$-2.6M
$-5.0M
KITT
Faster 2-yr revenue CAGR
KITT
KITT
Annualised
KITT
-18.6%
-21.9%
MSAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KITT
KITT
MSAI
MSAI
Revenue
$1.1M
$1.4M
Net Profit
$-19.2M
$-2.3M
Gross Margin
Operating Margin
-531.0%
-171.6%
Net Margin
-1812.8%
-164.1%
Revenue YoY
124.4%
-0.9%
Net Profit YoY
77.3%
23.7%
EPS (diluted)
$-7.31
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KITT
KITT
MSAI
MSAI
Q4 25
$1.1M
$1.4M
Q3 25
$2.0M
$1.6M
Q2 25
$2.1M
$1.4M
Q1 25
$1.2M
Q4 24
$471.2K
$1.4M
Q3 24
$1.6M
Q2 24
$501.7K
$2.1M
Q1 24
$464.4K
$2.3M
Net Profit
KITT
KITT
MSAI
MSAI
Q4 25
$-19.2M
$-2.3M
Q3 25
$-6.6M
$-1.7M
Q2 25
$-7.5M
$-3.3M
Q1 25
$-4.4M
Q4 24
$-84.5M
$-3.0M
Q3 24
$-8.2M
Q2 24
$4.5M
$-6.4M
Q1 24
$-72.8M
$-3.9M
Operating Margin
KITT
KITT
MSAI
MSAI
Q4 25
-531.0%
-171.6%
Q3 25
-297.3%
-107.6%
Q2 25
-307.0%
-233.8%
Q1 25
-394.6%
Q4 24
-1312.1%
-199.6%
Q3 24
-541.5%
Q2 24
-1198.4%
-228.1%
Q1 24
-1195.1%
-112.7%
Net Margin
KITT
KITT
MSAI
MSAI
Q4 25
-1812.8%
-164.1%
Q3 25
-335.9%
-106.5%
Q2 25
-359.1%
-234.1%
Q1 25
-379.1%
Q4 24
-17940.7%
-213.2%
Q3 24
-511.5%
Q2 24
905.1%
-300.8%
Q1 24
-15686.1%
-172.4%
EPS (diluted)
KITT
KITT
MSAI
MSAI
Q4 25
$-7.31
$-0.02
Q3 25
$-2.60
$-0.05
Q2 25
$-0.26
$-0.10
Q1 25
$-0.14
Q4 24
$-267.45
$0.07
Q3 24
$-0.34
Q2 24
$-1.12
$-0.47
Q1 24
$-58.75
$-0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KITT
KITT
MSAI
MSAI
Cash + ST InvestmentsLiquidity on hand
$7.0M
$24.4M
Total DebtLower is stronger
$21.5M
Stockholders' EquityBook value
$7.0M
$32.0M
Total Assets
$42.6M
$35.5M
Debt / EquityLower = less leverage
3.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KITT
KITT
MSAI
MSAI
Q4 25
$7.0M
$24.4M
Q3 25
$5.5M
$1.1M
Q2 25
$2.7M
$3.2M
Q1 25
$4.7M
Q4 24
$1.2M
$4.4M
Q3 24
$8.6M
Q2 24
$8.1M
$234.0K
Q1 24
$6.2M
$491.0K
Total Debt
KITT
KITT
MSAI
MSAI
Q4 25
$21.5M
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
$109.5M
$642.0K
Q1 24
$118.6M
$2.8M
Stockholders' Equity
KITT
KITT
MSAI
MSAI
Q4 25
$7.0M
$32.0M
Q3 25
$-4.1M
$8.3M
Q2 25
$-5.7M
$9.8M
Q1 25
$12.9M
Q4 24
$-20.4M
$12.3M
Q3 24
$15.6M
Q2 24
$-91.5M
$1.6M
Q1 24
$-112.8M
$1.4M
Total Assets
KITT
KITT
MSAI
MSAI
Q4 25
$42.6M
$35.5M
Q3 25
$42.8M
$11.9M
Q2 25
$41.9M
$14.6M
Q1 25
$16.4M
Q4 24
$22.7M
$15.5M
Q3 24
$18.9M
Q2 24
$31.2M
$16.4M
Q1 24
$29.4M
$14.1M
Debt / Equity
KITT
KITT
MSAI
MSAI
Q4 25
3.06×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KITT
KITT
MSAI
MSAI
Operating Cash FlowLast quarter
$-4.1M
$-2.2M
Free Cash FlowOCF − Capex
$-5.0M
$-2.6M
FCF MarginFCF / Revenue
-470.4%
-187.3%
Capex IntensityCapex / Revenue
86.4%
26.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.5M
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KITT
KITT
MSAI
MSAI
Q4 25
$-4.1M
$-2.2M
Q3 25
$-4.9M
$-1.8M
Q2 25
$-7.4M
$-804.0K
Q1 25
$-3.2M
Q4 24
$-4.2M
$-3.1M
Q3 24
$-12.7M
Q2 24
$-8.4M
$-303.0K
Q1 24
$-6.7M
$492.0K
Free Cash Flow
KITT
KITT
MSAI
MSAI
Q4 25
$-5.0M
$-2.6M
Q3 25
$-4.9M
$-2.1M
Q2 25
$-7.4M
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.3M
$-4.1M
Q3 24
$-13.2M
Q2 24
$-8.4M
$-844.0K
Q1 24
$-7.0M
$-79.0K
FCF Margin
KITT
KITT
MSAI
MSAI
Q4 25
-470.4%
-187.3%
Q3 25
-249.8%
-136.1%
Q2 25
-354.5%
-91.5%
Q1 25
-308.6%
Q4 24
-903.5%
-294.6%
Q3 24
-823.2%
Q2 24
-1678.0%
-39.7%
Q1 24
-1504.1%
-3.5%
Capex Intensity
KITT
KITT
MSAI
MSAI
Q4 25
86.4%
26.2%
Q3 25
0.1%
21.5%
Q2 25
0.0%
34.8%
Q1 25
37.2%
Q4 24
7.4%
76.2%
Q3 24
30.5%
Q2 24
5.5%
25.5%
Q1 24
69.8%
25.1%
Cash Conversion
KITT
KITT
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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