vs

Side-by-side financial comparison of Nauticus Robotics, Inc. (KITT) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

Nauticus Robotics, Inc. is the larger business by last-quarter revenue ($1.1M vs $707.3K, roughly 1.5× Pineapple Financial Inc.). Nauticus Robotics, Inc. runs the higher net margin — -1812.8% vs -2756.2%, a 943.4% gap on every dollar of revenue. On growth, Nauticus Robotics, Inc. posted the faster year-over-year revenue change (124.4% vs -4.8%). Pineapple Financial Inc. produced more free cash flow last quarter ($-3.3M vs $-5.0M). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -18.6%).

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.

KITT vs PAPL — Head-to-Head

Bigger by revenue
KITT
KITT
1.5× larger
KITT
$1.1M
$707.3K
PAPL
Growing faster (revenue YoY)
KITT
KITT
+129.2% gap
KITT
124.4%
-4.8%
PAPL
Higher net margin
KITT
KITT
943.4% more per $
KITT
-1812.8%
-2756.2%
PAPL
More free cash flow
PAPL
PAPL
$1.7M more FCF
PAPL
$-3.3M
$-5.0M
KITT
Faster 2-yr revenue CAGR
PAPL
PAPL
Annualised
PAPL
-2.0%
-18.6%
KITT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KITT
KITT
PAPL
PAPL
Revenue
$1.1M
$707.3K
Net Profit
$-19.2M
$-19.5M
Gross Margin
48.9%
Operating Margin
-531.0%
-2518.8%
Net Margin
-1812.8%
-2756.2%
Revenue YoY
124.4%
-4.8%
Net Profit YoY
77.3%
-3174.1%
EPS (diluted)
$-7.31
$-1.21

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
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$1.1M
$721.7K
Q3 25
$2.0M
$730.5K
Q2 25
$2.1M
$746.9K
Q1 25
$743.3K
Q4 24
$471.2K
$766.1K
Q3 24
$598.3K
Q2 24
$501.7K
$736.4K
Net Profit
KITT
KITT
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-19.2M
$-6.4M
Q3 25
$-6.6M
$-1.8M
Q2 25
$-7.5M
$-557.7K
Q1 25
$-595.4K
Q4 24
$-84.5M
$-656.9K
Q3 24
$-1.7M
Q2 24
$4.5M
$-848.6K
Gross Margin
KITT
KITT
PAPL
PAPL
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
KITT
KITT
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-531.0%
-909.1%
Q3 25
-297.3%
-131.3%
Q2 25
-307.0%
-93.3%
Q1 25
-80.6%
Q4 24
-1312.1%
-90.5%
Q3 24
-232.8%
Q2 24
-1198.4%
-121.7%
Net Margin
KITT
KITT
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-1812.8%
-891.6%
Q3 25
-335.9%
-250.3%
Q2 25
-359.1%
-74.7%
Q1 25
-80.1%
Q4 24
-17940.7%
-85.7%
Q3 24
-283.9%
Q2 24
905.1%
-115.2%
EPS (diluted)
KITT
KITT
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-7.31
$-4.79
Q3 25
$-2.60
$-0.93
Q2 25
$-0.26
$-0.05
Q1 25
$-1.73
Q4 24
$-267.45
$-2.60
Q3 24
$-11.10
Q2 24
$-1.12
$-0.12

Balance Sheet & Financial Strength

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

Metric
KITT
KITT
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
$7.0M
Total DebtLower is stronger
$21.5M
Stockholders' EquityBook value
$7.0M
$27.1M
Total Assets
$42.6M
$48.9M
Debt / EquityLower = less leverage
3.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KITT
KITT
PAPL
PAPL
Q1 26
Q4 25
$7.0M
Q3 25
$5.5M
Q2 25
$2.7M
Q1 25
Q4 24
$1.2M
Q3 24
Q2 24
$8.1M
Total Debt
KITT
KITT
PAPL
PAPL
Q1 26
Q4 25
$21.5M
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
$109.5M
Stockholders' Equity
KITT
KITT
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$7.0M
$-5.5M
Q3 25
$-4.1M
$906.7K
Q2 25
$-5.7M
$842.6K
Q1 25
$739.7K
Q4 24
$-20.4M
$1.3M
Q3 24
$1.3M
Q2 24
$-91.5M
$2.0M
Total Assets
KITT
KITT
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$42.6M
$10.6M
Q3 25
$42.8M
$5.4M
Q2 25
$41.9M
$4.7M
Q1 25
$4.0M
Q4 24
$22.7M
$4.1M
Q3 24
$4.1M
Q2 24
$31.2M
$4.3M
Debt / Equity
KITT
KITT
PAPL
PAPL
Q1 26
Q4 25
3.06×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
PAPL
PAPL
Operating Cash FlowLast quarter
$-4.1M
$-3.3M
Free Cash FlowOCF − Capex
$-5.0M
$-3.3M
FCF MarginFCF / Revenue
-470.4%
-462.7%
Capex IntensityCapex / Revenue
86.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KITT
KITT
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-4.1M
$-489.7K
Q3 25
$-4.9M
$-507.6K
Q2 25
$-7.4M
$397.0K
Q1 25
$-172.6K
Q4 24
$-4.2M
$-663.6K
Q3 24
$-264.7K
Q2 24
$-8.4M
$123.0K
Free Cash Flow
KITT
KITT
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-5.0M
$-491.7K
Q3 25
$-4.9M
Q2 25
$-7.4M
Q1 25
Q4 24
$-4.3M
Q3 24
$-264.7K
Q2 24
$-8.4M
$122.7K
FCF Margin
KITT
KITT
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-470.4%
-68.1%
Q3 25
-249.8%
Q2 25
-354.5%
Q1 25
Q4 24
-903.5%
Q3 24
-44.2%
Q2 24
-1678.0%
16.7%
Capex Intensity
KITT
KITT
PAPL
PAPL
Q1 26
0.0%
Q4 25
86.4%
0.3%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
Q4 24
7.4%
Q3 24
0.0%
Q2 24
5.5%
0.0%
Cash Conversion
KITT
KITT
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.85×

Financial Flow Comparison

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

Related Comparisons