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

Pony AI Inc. is the larger business by last-quarter revenue ($2.1M vs $1.1M, roughly 2.0× Nauticus Robotics, Inc.). Pony AI Inc. runs the higher net margin — -284.8% vs -1812.8%, a 1528.1% gap on every dollar of revenue.

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.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

KITT vs PONY — Head-to-Head

Bigger by revenue
PONY
PONY
2.0× larger
PONY
$2.1M
$1.1M
KITT
Higher net margin
PONY
PONY
1528.1% more per $
PONY
-284.8%
-1812.8%
KITT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KITT
KITT
PONY
PONY
Revenue
$1.1M
$2.1M
Net Profit
$-19.2M
$-5.9M
Gross Margin
9.2%
Operating Margin
-531.0%
-275.3%
Net Margin
-1812.8%
-284.8%
Revenue YoY
124.4%
Net Profit YoY
77.3%
EPS (diluted)
$-7.31
$-3.51

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
PONY
PONY
Q4 25
$1.1M
Q3 25
$2.0M
$2.1M
Q2 25
$2.1M
$1.7M
Q1 25
$1.9M
Q4 24
$471.2K
Q2 24
$501.7K
Q1 24
$464.4K
Q4 23
$1.1M
Net Profit
KITT
KITT
PONY
PONY
Q4 25
$-19.2M
Q3 25
$-6.6M
$-5.9M
Q2 25
$-7.5M
$-4.3M
Q1 25
$-5.2M
Q4 24
$-84.5M
Q2 24
$4.5M
Q1 24
$-72.8M
Q4 23
$-39.5M
Gross Margin
KITT
KITT
PONY
PONY
Q4 25
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q4 24
Q2 24
Q1 24
Q4 23
Operating Margin
KITT
KITT
PONY
PONY
Q4 25
-531.0%
Q3 25
-297.3%
-275.3%
Q2 25
-307.0%
-303.4%
Q1 25
-400.9%
Q4 24
-1312.1%
Q2 24
-1198.4%
Q1 24
-1195.1%
Q4 23
-3216.1%
Net Margin
KITT
KITT
PONY
PONY
Q4 25
-1812.8%
Q3 25
-335.9%
-284.8%
Q2 25
-359.1%
-253.7%
Q1 25
-267.4%
Q4 24
-17940.7%
Q2 24
905.1%
Q1 24
-15686.1%
Q4 23
-3717.8%
EPS (diluted)
KITT
KITT
PONY
PONY
Q4 25
$-7.31
Q3 25
$-2.60
$-3.51
Q2 25
$-0.26
$-0.92
Q1 25
$-0.12
Q4 24
$-267.45
Q2 24
$-1.12
Q1 24
$-58.75
Q4 23
$-46.45

Balance Sheet & Financial Strength

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

Metric
KITT
KITT
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$7.0M
$62.5M
Total DebtLower is stronger
$21.5M
Stockholders' EquityBook value
$7.0M
$114.1M
Total Assets
$42.6M
$126.5M
Debt / EquityLower = less leverage
3.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KITT
KITT
PONY
PONY
Q4 25
$7.0M
Q3 25
$5.5M
$62.5M
Q2 25
$2.7M
$84.9M
Q1 25
$86.8M
Q4 24
$1.2M
Q2 24
$8.1M
Q1 24
$6.2M
Q4 23
$753.4K
Total Debt
KITT
KITT
PONY
PONY
Q4 25
$21.5M
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q2 24
$109.5M
Q1 24
$118.6M
Q4 23
$31.6M
Stockholders' Equity
KITT
KITT
PONY
PONY
Q4 25
$7.0M
Q3 25
$-4.1M
$114.1M
Q2 25
$-5.7M
$120.6M
Q1 25
$126.4M
Q4 24
$-20.4M
Q2 24
$-91.5M
Q1 24
$-112.8M
Q4 23
$-41.8M
Total Assets
KITT
KITT
PONY
PONY
Q4 25
$42.6M
Q3 25
$42.8M
$126.5M
Q2 25
$41.9M
$138.3M
Q1 25
$134.0M
Q4 24
$22.7M
Q2 24
$31.2M
Q1 24
$29.4M
Q4 23
$26.1M
Debt / Equity
KITT
KITT
PONY
PONY
Q4 25
3.06×
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
Q1 24
Q4 23

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
PONY
PONY
Operating Cash FlowLast quarter
$-4.1M
$-2.9M
Free Cash FlowOCF − Capex
$-5.0M
FCF MarginFCF / Revenue
-470.4%
Capex IntensityCapex / Revenue
86.4%
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
PONY
PONY
Q4 25
$-4.1M
Q3 25
$-4.9M
$-2.9M
Q2 25
$-7.4M
$-2.5M
Q1 25
$-7.5M
Q4 24
$-4.2M
Q2 24
$-8.4M
Q1 24
$-6.7M
Q4 23
$-5.1M
Free Cash Flow
KITT
KITT
PONY
PONY
Q4 25
$-5.0M
Q3 25
$-4.9M
Q2 25
$-7.4M
Q1 25
Q4 24
$-4.3M
Q2 24
$-8.4M
Q1 24
$-7.0M
Q4 23
$-5.9M
FCF Margin
KITT
KITT
PONY
PONY
Q4 25
-470.4%
Q3 25
-249.8%
Q2 25
-354.5%
Q1 25
Q4 24
-903.5%
Q2 24
-1678.0%
Q1 24
-1504.1%
Q4 23
-559.4%
Capex Intensity
KITT
KITT
PONY
PONY
Q4 25
86.4%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
Q4 24
7.4%
Q2 24
5.5%
Q1 24
69.8%
Q4 23
83.5%
Cash Conversion
KITT
KITT
PONY
PONY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
-1.85×
Q1 24
Q4 23

Financial Flow Comparison

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

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