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Annual Revenue 2025: $102 million, up from $91 million in 2024.
Revenue Growth Drivers: Significant demand for C-Power batteries and SAS products, with growth of approximately 30% and 60%, respectively.
Subsea Services Division Growth: Over 60% increase compared to 2024.
Gross Profit 2025: $63 million, a 42% increase.
Gross Profit Margin 2025: Improved to 62% from 49% in the prior year.
Adjusted EBITDA 2025: $25 million, a 21% increase.
Adjusted EBITDA Margin 2025: 24%, up from 23% in 2024.
CapEx and Intangible Assets 2025: $30 million.
Total Assets 2025: $313 million, up from $162 million in 2024.
Cash Position Year-End 2025: Over $120 million.
Q4 Revenue: $28 million, flat compared to the prior year.
Q4 Gross Profit: $20 million, a 48% increase.
Q4 Gross Profit Margin: 70%, up from 48% in the prior year.
Q4 Adjusted EBITDA: $9.5 million, a 36% increase.
Q4 Adjusted EBITDA Margin: 33.5%, up from 25% in the prior year.
2026 Revenue Guidance: $165 million to $175 million, representing 65% annual growth.
2026 Adjusted EBITDA Guidance: $40 million to $50 million, representing 80% annual growth.
2026 CapEx Guidance: $15 million to $18 million.

Release Date: April 16, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Kraken Robotics Inc (KRKNF) achieved record revenue and adjusted EBITDA in 2025, driven by strong demand for C-Power batteries and SaaS products.
The company expanded its battery manufacturing capacity with a new facility in Nova Scotia, enhancing its production capabilities.
Kraken Robotics Inc (KRKNF) successfully executed the acquisition of 3D@Depth, expanding its service offerings to include optical LiDAR technology.
The company strengthened its balance sheet with a cash position of over $120 million at year-end, supported by successful equity financing.
Kraken Robotics Inc (KRKNF) announced the strategic acquisition of Covalia Group, expected to enhance its product offerings and competitive position in the market.

Kraken Robotics Inc (KRKNF) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...