Kraken Robotics Reports 60% Revenue Growth in Q3 2025

Kraken Robotics Inc. reported significant financial gains for its third quarter ending September 30, 2025. The company's consolidated revenue climbed 60% from the previous year to $31.3 million. This expansion was primarily fueled by record shipments of subsea batteries and synthetic aperture sonar (SAS) systems to defense industry clients, robust growth in sub-bottom imaging services, and the contribution from the recently acquired 3D at Depth Inc., a subsea LiDAR services provider.

Product revenue saw a 46% increase to $18.3 million, while service revenue grew by 85% to $13.0 million. The company reported a gross profit of $18.6 million, an 81% increase from the prior year, achieving a gross profit margin of 59%. Adjusted EBITDA also saw substantial growth, rising 92% to $8.0 million, resulting in an adjusted EBITDA margin of 25.5%.

Capital expenditures for the quarter increased to $6.3 million, attributed to investments in a new battery manufacturing facility in Canada and the expansion of marine assets to support service revenue growth. Kraken Robotics also successfully closed a public offering in July 2025, raising $115 million in gross proceeds.

The company maintained its full-year 2025 financial guidance, projecting revenue between $120 million and $135 million, and adjusted EBITDA between $26 million and $34 million. Kraken Robotics continues to focus on technological advancements and market expansion in both the defense and offshore energy sectors.