Nauticus Robotics (KITT)
Market Price (10/12/2026): $1.45 | Market Cap: $1.3 MilSector: Industrials | Industry: Aerospace & Defense
Nauticus Robotics (KITT)
Market Price (10/12/2026): $1.45Market Cap: $1.3 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% Megatrend and thematic driversMegatrends include Ocean Robotics. Themes include Autonomous Underwater Vehicles. | Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -183% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -568% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1561% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -57% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 31% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -567%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -589% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3493% High stock price volatilityVol 12M is 177% Key risksKITT key risks include [1] severe financial distress with dwindling cash reserves and negative shareholder equity, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% |
| Megatrend and thematic driversMegatrends include Ocean Robotics. Themes include Autonomous Underwater Vehicles. |
| Weak multi-year price returns2Y Excs Rtn is -136%, 3Y Excs Rtn is -183% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -568% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1561% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -57% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -567%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -589% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3493% |
| High stock price volatilityVol 12M is 177% |
| Key risksKITT key risks include [1] severe financial distress with dwindling cash reserves and negative shareholder equity, Show more. |
Qualitative Assessment
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Nauticus Robotics (KITT) stock has lost about 80% since 6/30/2026 because of the following key factors:
1. Significant Deterioration in Fiscal Q2 2026 Financial Performance.
Nauticus Robotics reported a widening net loss of $11.1 million, or a basic loss per share of -$2.30, for fiscal Q2 2026, compared to a net loss of $7.4 million in the same period of the prior year. Revenue for fiscal Q2 2026 was $890,000, a substantial decline from $2.1 million in fiscal Q2 2025. This poor financial performance, which included a 74% decline in cash to $2.0 million from year-end 2025, led to concerns about the company's financial health, with the stock falling 14.75% after the earnings release.
2. Capital Structure Weakness and Dilutionary Measures.
The company enacted a 1-for-6 reverse stock split on September 23, 2026, often perceived negatively as a measure to maintain Nasdaq listing compliance. Furthermore, while Nauticus announced a non-binding letter of intent for a strategic investment of up to $50 million on September 25, 2026, the non-binding nature and potential for dilution or change of control introduced uncertainty. The company also secured waivers on September 23, 2026, from a Series C Convertible Preferred Stock holder, deferring an 18% dividend rate increase and a 125% conversion premium, highlighting underlying financial distress.
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Nauticus Robotics (KITT) stock has lost about 80% since 6/30/2026 because of the following key factors:
1. Significant Deterioration in Fiscal Q2 2026 Financial Performance.
Nauticus Robotics reported a widening net loss of $11.1 million, or a basic loss per share of -$2.30, for fiscal Q2 2026, compared to a net loss of $7.4 million in the same period of the prior year. Revenue for fiscal Q2 2026 was $890,000, a substantial decline from $2.1 million in fiscal Q2 2025. This poor financial performance, which included a 74% decline in cash to $2.0 million from year-end 2025, led to concerns about the company's financial health, with the stock falling 14.75% after the earnings release.
2. Capital Structure Weakness and Dilutionary Measures.
The company enacted a 1-for-6 reverse stock split on September 23, 2026, often perceived negatively as a measure to maintain Nasdaq listing compliance. Furthermore, while Nauticus announced a non-binding letter of intent for a strategic investment of up to $50 million on September 25, 2026, the non-binding nature and potential for dilution or change of control introduced uncertainty. The company also secured waivers on September 23, 2026, from a Series C Convertible Preferred Stock holder, deferring an 18% dividend rate increase and a 125% conversion premium, highlighting underlying financial distress.
3. Persistent Revenue Pressure Despite Operational Shifts.
Despite launching its ToolKITT software commercially in September 2026, aiming for recurring revenue starting in 2027, and reporting "substantially stronger Q3 offshore activity" with both Comanche ROV systems deployed, the company continues to face significant revenue pressure. The trailing gross margin was approximately -64.7%, and the EBIT margin worse than -900%, indicating that the company is burning through cash without generating substantial profit, necessitating rapid revenue growth or further capital raises. The strategic pivot to defense, government, and international projects also suggests challenges in its existing commercial market.
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Stock Movement Drivers
Fundamental Drivers
The -79.9% change in KITT stock from 6/30/2026 to 10/11/2026 was primarily driven by a -91.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.38 | 1.48 | -79.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 4 | -22.6% |
| P/S Multiple | 0.1 | 0.3 | 189.6% |
| Shares Outstanding (Mil) | 0 | 1 | -91.1% |
| Cumulative Contribution | -79.9% |
Market Drivers
6/30/2026 to 10/11/2026| Return | Correlation | |
|---|---|---|
| KITT | -79.9% | |
| Market (SPY) | 4.3% | 32.7% |
| Sector (XLI) | -8.6% | 19.6% |
Fundamental Drivers
The -93.8% change in KITT stock from 3/31/2026 to 10/11/2026 was primarily driven by a -91.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.94 | 1.48 | -93.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 4 | -13.0% |
| P/S Multiple | 0.4 | 0.3 | -21.3% |
| Shares Outstanding (Mil) | 0 | 1 | -91.0% |
| Cumulative Contribution | -93.8% |
Market Drivers
3/31/2026 to 10/11/2026| Return | Correlation | |
|---|---|---|
| KITT | -93.8% | |
| Market (SPY) | 20.0% | 29.4% |
| Sector (XLI) | 4.9% | 13.7% |
Fundamental Drivers
The -98.9% change in KITT stock from 9/30/2025 to 10/11/2026 was primarily driven by a -92.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 138.24 | 1.48 | -98.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 4 | 32.4% |
| P/S Multiple | 3.0 | 0.3 | -89.2% |
| Shares Outstanding (Mil) | 0 | 1 | -92.5% |
| Cumulative Contribution | -98.9% |
Market Drivers
9/30/2025 to 10/11/2026| Return | Correlation | |
|---|---|---|
| KITT | -98.9% | |
| Market (SPY) | 17.8% | 23.5% |
| Sector (XLI) | 10.7% | 18.9% |
Fundamental Drivers
The -100.0% change in KITT stock from 9/30/2023 to 10/11/2026 was primarily driven by a -99.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 27527.04 | 1.48 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13 | 4 | -67.5% |
| P/S Multiple | 6.7 | 0.3 | -95.1% |
| Shares Outstanding (Mil) | 0 | 1 | -99.7% |
| Cumulative Contribution | -100.0% |
Market Drivers
9/30/2023 to 10/11/2026| Return | Correlation | |
|---|---|---|
| KITT | -100.0% | |
| Market (SPY) | 88.4% | 19.2% |
| Sector (XLI) | 73.6% | 14.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KITT Return | - | -37% | -82% | -94% | -94% | -96% | -100% |
| Peers Return | 4% | 95% | 26% | 7% | 38% | 85% | 594% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| KITT Win Rate | - | 25% | 33% | 25% | 25% | 10% | |
| Peers Win Rate | 46% | 67% | 56% | 40% | 65% | 77% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KITT Max Drawdown | - | - | -83% | -96% | -98% | -98% | |
| Peers Max Drawdown | -50% | -45% | -30% | -29% | -37% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: OII, HLX, FTI, FET.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)
How Low Can It Go
| Event | KITT | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -60.3% | -7.8% |
| % Gain to Breakeven | 151.6% | 8.5% |
| Time to Breakeven | 152 days | 18 days |
In The Past
Nauticus Robotics's stock fell -60.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 151.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | KITT | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -60.3% | -7.8% |
| % Gain to Breakeven | 151.6% | 8.5% |
| Time to Breakeven | 152 days | 18 days |
In The Past
Nauticus Robotics's stock fell -60.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 151.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Nauticus Robotics (KITT)
CleanTech Acquisition Corp., trading under the symbol KITT, is a special purpose acquisition company (SPAC) that does not currently have significant business operations. Its primary purpose is to identify and effect a business combination with one or more existing operating businesses. This combination could take various forms, including a merger, capital stock exchange, asset acquisition, stock purchase, or a reorganization.
As a SPAC, KITT does not offer its own products or services. Instead, its function is to serve as a vehicle to bring a private company public through an acquisition. The company's main 'service' is the strategic search for a suitable target business, which, upon completion of the business combination, will become the operating entity of the combined company.
Incorporated in 2020 and based in New York, New York, KITT's 'market' encompasses private companies seeking to enter the public market. Its primary 'customers' are investors who invest in the SPAC with the expectation that its management team will successfully identify and merge with a promising private company.
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Here are 1-3 brief analogies to describe Nauticus Robotics (KITT):
- Tesla, but for subsea robots.
- Boston Dynamics for the deep sea.
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Based on the provided background information, CleanTech Acquisition Corp., which is associated with Nauticus Robotics (symbol: KITT), does not have significant operations. Therefore, it does not currently have major customers.
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John W. Gibson, Jr. President and Chief Executive Officer
John W. Gibson Jr. was appointed CEO of Nauticus Robotics in January 2024, having joined the Board in September 2022 and becoming President in September 2023. He has over 35 years of experience in the energy and IT industries. Previously, he served as Chairman, CEO, and President of Flotek Industries (NYSE: FTK) from January 2020 to January 2023, and Chairman of Energy Technology at Tudor, Pickering, Holt & Co. from May 2017 to December 2019. Gibson was also the President and CEO of Tervita Corporation, where he successfully executed a $2.6 billion debt restructuring between 2010 and 2015. His career also includes leadership roles as President and CEO of Paradigm Geophysical, President of Landmark Graphics, President of Halliburton Energy Services Group, and Head of subsurface research at Chevron.
Jimena Begaries Interim Chief Financial Officer
Jimena Begaries was appointed Interim Chief Financial Officer and principal accounting officer of Nauticus Robotics, effective July 25, 2025. She has been providing services to Nauticus through Flexible Consulting LLC since April 2025. Prior to joining Flexible Consulting, Ms. Begaries spent over 20 years in the finance department of Weatherford International, from 2004 through April 2025. Her roles at Weatherford included North America Offshore Operational Controller from December 2021 to April 2025 and Director of Consolidations and Internal Reporting from April 2019 to November 2021. Her international experience includes assignments in Argentina and Dubai.
Nicolaus Adam Radford Co-Founder & Former President and CEO
Nicolaus Adam Radford co-founded Nauticus Robotics in 2014 (originally Houston Mechatronics) and served as its President and CEO until January 2024. He was instrumental in raising over $250 million in funding for the company and guided it through a SPAC merger and subsequent Nasdaq listing (KITT). Radford also founded Jacobi Motors and Rad Capital Ventures. Prior to Nauticus Robotics, he spent 14 years at NASA's Johnson Space Center, where he led the Robonaut2 and Valkyrie humanoid robotics initiatives.
JD Yamokoski Chief Technology Officer
JD Yamokoski shapes Nauticus Robotics' technical vision, overseeing research and development for autonomy software, sensor fusion, and AI systems for ocean robotics. He spearheaded the development of a real-time, cloud-native control architecture. With over two decades of experience in the field, Dr. Yamokoski held key technical leadership roles in NASA's Robonaut2 and Valkyrie programs and various defense technology VP positions. His expertise spans autonomous systems and human-machine interfaces, and he has a robust publication record.
John Symington General Counsel
John Symington is an experienced senior executive and general counsel with a proven track record in executing transactions. He has served as general counsel at Frank's International, Seadrill, and two other companies. Mr. Symington brings over 20 years of in-house experience, complemented by 10 years in private practice. He has worked with management to lead growth and international expansion for two early-stage companies as their first general counsel.
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The key risks to Nauticus Robotics (KITT) are primarily financial in nature, stemming from significant operational losses, liquidity concerns, and potential delisting from Nasdaq.
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Significant Financial Distress and Nasdaq Delisting Risk: Nauticus Robotics is facing severe financial challenges, including potential delisting from Nasdaq due to non-compliance with the minimum market value requirement of $35 million. The company has demonstrated deeply negative profitability metrics, with an operating margin of -771.84% and a net margin of -2648.61% for the trailing twelve months. Its revenue has seen a significant contraction, with a reported $0.37 million in Q3 2024, marking a 76% decline from Q3 2023. Furthermore, an Altman Z-Score of -15.07 indicates a high risk of bankruptcy within two years. The company also has negative shareholder equity, a high debt level, and a troubling quick ratio of 0.1, highlighting severe liquidity risks and a reliance on external financing which often leads to further equity dilution.
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Intense Competition and Commercialization Challenges: Nauticus Robotics operates in the highly promising autonomous subsea sector but faces intensified competition from larger, better-funded players. Despite possessing valuable intellectual property, its severe financial distress hinders its ability to effectively defend or expand this competitive advantage, making it vulnerable to competitors who could outcompete or acquire its technology cheaply. The commercialization timeline for its research and development investments is uncertain, and there are concerns regarding the market adaptability of its robotic technology.
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Customer Concentration: The company's business model suggests a reliance on a few large clients. A potential risk exists if relationships with any of these key clients were to deteriorate, which could significantly impact the company's already struggling revenue and cash flow.
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Nauticus Robotics (symbol: KITT) operates in several significant and growing addressable markets globally for its ocean robots, autonomy software, and services.
The **global underwater/marine robotics market** was valued at approximately USD 5.82 billion in 2025 and is projected to grow to USD 19.66 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 14.49% during the forecast period.
For its autonomous underwater vehicles (AUVs), such as the Aquanaut, the **global autonomous underwater vehicle market** is estimated at USD 3.48 billion in 2025 and is predicted to increase to approximately USD 7.88 billion by 2035, expanding at a CAGR of 8.52% from 2026 to 2035. Another estimate for the global AUV market valued it at USD 1.30 billion in 2024 and expects it to reach USD 5.54 billion by 2032, at a CAGR of 19.80%.
The broader **global ocean robotics market** is set to grow significantly, reaching USD 9.43 billion by 2034, up from USD 3.32 billion in 2024, with a robust CAGR of 11%. North America holds a significant share, contributing over 40% of the market share in 2024, which was USD 1.32 billion in revenue.
Nauticus Robotics also operates with a "Robotics as a Service" business model. The **global service robotics market** was valued at USD 36.1 billion in 2024 and is estimated to grow at a CAGR of 17.1% to reach USD 166.6 billion by 2034. Within this, the underwater systems segment is expected to grow at the fastest CAGR of 15.3% from 2024 to 2030.
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Expected Revenue Growth Drivers for Nauticus Robotics (KITT)
Nauticus Robotics (NASDAQ: KITT) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives aimed at expanding its market reach, product offerings, and technological adoption:
- Market Diversification: Nauticus Robotics is actively expanding its presence beyond the traditional oil and gas sector into new, high-growth markets such as wind energy, government sectors, and emerging opportunities like deep-sea mining. This diversification strategy aims to broaden its customer base and reduce reliance on a single industry.
- Software Licensing and Retrofits: The company's proprietary Nauticus ToolKITT software, designed for autonomous operations, is being integrated into third-party Remotely Operated Vehicles (ROVs). This initiative is expected to open a significant market for software sales and retrofits, offering high-margin revenue streams and expanding the customer base for software services starting in 2026.
- Increased Aquanaut Deployments: Nauticus plans to accelerate the deployment and commercialization of its Aquanaut autonomous underwater vehicles. With strengthened manufacturing capabilities, supported by investments for additional Aquanaut vehicles, the company anticipates increased deployments across commercial energy and defense markets, including projects at ultra-deepwater depths.
- Strategic Acquisitions and Integration: The strategic acquisition of SeaTrepid is expected to drive future growth by integrating Nauticus's AI-driven autonomy software, ToolKITT, into SeaTrepid's existing ROV fleet. This integration broadens customer access and enhances operational capabilities, with commercial revenue from SeaTrepid already contributing to financial results in Q2 2025.
- New Product Development: The introduction of advanced product offerings, such as the Olympic Arm variant for the Aquanaut vehicle, will enhance Nauticus's service capabilities. This all-electric subsea manipulator will enable Aquanaut to perform complex intervention tasks autonomously, further differentiating Nauticus's offerings in the market.
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Share Issuance
- In March 2026, Nauticus Robotics issued an Original Issue Discount Senior Secured Convertible Debenture for approximately $1.02 million, convertible into 1,717,281 shares of common stock.
- Shareholders approved the issuance of common stock under an Equity Purchase Facility Agreement and for the conversion of Series C Convertible Preferred Stock in January 2026.
- The company executed a 1-for-36 reverse stock split in July 2024 and a 1-for-9 reverse stock split in September 2025 to meet Nasdaq listing requirements.
Inbound Investments
- Nauticus Robotics announced a strategic investment agreement of up to $50 million with Master Investment Group in March 2026, including an initial $3 million tranche for establishing operations in the United Arab Emirates.
- The company secured a $250 million equity line of credit in October 2025 to fund strategic acquisitions and accelerate its entry into deep-sea rare earth and mineral exploration.
- Proceeds from an at-the-market (ATM) program provided $24,377,196 and Series B Preferred stock generated $2,855,000, contributing to increased cash by Q3 2025.
Outbound Investments
- Nauticus' recent acquisition of SeaTrepid aimed to expand its subsea service and ROV capabilities.
- The $250 million equity facility secured in October 2025 is intended to fund future strategic acquisitions and entry into deep-sea rare earth and mineral exploration.
Capital Expenditures
- Property and equipment, net, increased by approximately $4.5 million from December 31, 2024, to September 30, 2025, reflecting capital expenditures.
- An initial $3 million tranche from the Master Investment Group is allocated for startup activities related to establishing an international manufacturing and offshore robotics services hub in the UAE.
- The company announced plans for "Aquanaut Manufacturing Expansion" in February 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Nauticus Robotics Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 57.85 |
| Mkt Cap | 1.6 |
| Rev LTM | 1,303 |
| Op Inc LTM | 100 |
| FCF LTM | 223 |
| FCF 3Y Avg | 144 |
| CFO LTM | 253 |
| CFO 3Y Avg | 188 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 6.2% |
| Rev Chg Q | 10.0% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 3.8% |
| Op Inc Chg 3Y Avg | 23.5% |
| Op Mgn LTM | 7.7% |
| Op Mgn 3Y Avg | 7.9% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 11.1% |
| CFO/Rev 3Y Avg | 9.1% |
| FCF/Rev LTM | 7.8% |
| FCF/Rev 3Y Avg | 8.0% |
Price Behavior
| Market Price | $1.48 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/04/2021 | |
| Distance from 52W High | -99.1% | |
| 50 Days | 200 Days | |
| DMA Price | $4.20 | $19.51 |
| DMA Trend | down | down |
| Distance from DMA | -64.8% | -92.4% |
| 3M | 1YR | |
| Volatility | 124.0% | 177.2% |
| Downside Capture | 742.04 | 699.14 |
| Upside Capture | -109.18 | 44.17 |
| Correlation (S&P 500) | 31.8% | 23.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.91 | 3.82 | 3.84 | 2.64 | 3.25 | 2.28 |
| Up Beta | 0.29 | 4.29 | 3.60 | 1.76 | 1.20 | 2.03 |
| Down Beta | 25.45 | 17.47 | 9.62 | 2.74 | 3.29 | 1.32 |
| Up Capture | -274% | -79% | -26% | -22% | 86% | 19% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 19 | 27 | 51 | 98 | 301 |
| Down Capture | 847% | 635% | 484% | 346% | 195% | 113% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 22 | 36 | 73 | 150 | 436 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
nullBased On 5-Year Data
nullBased On 10-Year Data
nullEarnings Returns History
Updated 10/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2025 | -7.3% | -11.1% | -13.2% |
| 11/13/2024 | -9.3% | -4.0% | -12.6% |
| 8/14/2024 | -17.5% | -13.1% | -38.9% |
| 5/14/2024 | 24.1% | 16.3% | 43.8% |
| 8/11/2023 | 6.1% | 6.6% | 10.5% |
| 5/15/2023 | -5.5% | -12.8% | -3.2% |
| 3/28/2023 | -4.5% | -5.8% | -25.8% |
| 11/14/2022 | 2.4% | -4.0% | 35.0% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 5 | 6 | 5 |
| Median Positive | 6.1% | 11.5% | 35.0% |
| Median Negative | -7.3% | -8.4% | -13.2% |
| Max Positive | 24.1% | 16.3% | 43.8% |
| Max Negative | -17.5% | -13.1% | -38.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/15/2025 | -7.3% | -11.1% | -13.2% |
| 11/13/2024 | -9.3% | -4.0% | -12.6% |
| 8/14/2024 | -17.5% | -13.1% | -38.9% |
| 5/14/2024 | 24.1% | 16.3% | 43.8% |
| 8/11/2023 | 6.1% | 6.6% | 10.5% |
| 5/15/2023 | -5.5% | -12.8% | -3.2% |
| 3/28/2023 | -4.5% | -5.8% | -25.8% |
| 11/14/2022 | 2.4% | -4.0% | 35.0% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 3 |
| # Negative | 5 | 6 | 5 |
| Median Positive | 6.1% | 11.5% | 35.0% |
| Median Negative | -7.3% | -8.4% | -13.2% |
| Max Positive | 24.1% | 16.3% | 43.8% |
| Max Negative | -17.5% | -13.1% | -38.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 04/10/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 04/10/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 03/31/2022 | 08/15/2022 | 424B3 |
| 09/30/2021 | 03/08/2023 | 10-Q/A |
Insider Activity
Updated 7/31/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dror, Brian Isaac | MANAGER OF RCB EQUITIES #1, LLC | Sell | 7262026 | 2.02 | 32,539 | 65,761 | 1,582,097 | Form | |
| 2 | Rcb, Equities 1, Llc | Direct | Sell | 7142026 | 2.02 | 32,539 | 65,761 | 1,582,097 | Form | |
| 3 | Gibson, John W JR | CEO | Direct | Sell | 2242026 | 0.82 | 715 | 586 | 10,948 | Form |
| 4 | Transocean, International Ltd | Direct | Sell | 12042025 | 1.02 | 2,021,920 | 2,062,358 | 6,549 | Form | |
| 5 | Transocean, Ltd. | Transocean International Limited | Sell | 12042025 | 1.02 | 2,021,920 | 2,062,358 | 6,549 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dror, Brian Isaac | MANAGER OF RCB EQUITIES #1, LLC | Sell | 7262026 | 2.02 | 32,539 | 65,761 | 1,582,097 | Form | |
| 2 | Rcb, Equities 1, Llc | Direct | Sell | 7142026 | 2.02 | 32,539 | 65,761 | 1,582,097 | Form | |
| 3 | Gibson, John W JR | CEO | Direct | Sell | 2242026 | 0.82 | 715 | 586 | 10,948 | Form |
| 4 | Transocean, International Ltd | Direct | Sell | 12042025 | 1.02 | 2,021,920 | 2,062,358 | 6,549 | Form | |
| 5 | Transocean, Ltd. | Transocean International Limited | Sell | 12042025 | 1.02 | 2,021,920 | 2,062,358 | 6,549 | Form | |
| 6 | Transocean, International Ltd | Direct | Sell | 12042025 | 0.74 | 32,839 | 24,301 | 1,500,972 | Form | |
| 7 | Transocean, Ltd. | Transocean International Limited | Sell | 12042025 | 0.74 | 32,839 | 24,301 | 1,500,972 | Form | |
| 8 | Transocean, International Ltd | Direct | Sell | 12042025 | 0.81 | 61,351 | 49,694 | 1,669,556 | Form | |
| 9 | Transocean, Ltd. | Transocean International Limited | Sell | 12042025 | 0.81 | 61,351 | 49,694 | 1,669,556 | Form | |
| 10 | Transocean, International Ltd | Direct | Sell | 12042025 | 0.90 | 28,185 | 25,366 | 1,910,278 | Form | |
| 11 | Transocean, Ltd. | Transocean International Limited | Sell | 12042025 | 0.90 | 28,185 | 25,366 | 1,910,278 | Form | |
| 12 | Flores, William | Direct | Buy | 11262025 | 0.89 | 10,000 | 8,900 | 12,906 | Form |
Industry Resources
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