Kraken Robotics Inc. reported record Q3 2025 financial results on November 24, 2025. Consolidated revenue increased 60 percent to 31.3 million Canadian dollars compared to 19.6 million in the prior year. Product revenue rose 46 percent to 18.3 million, driven by record shipments of SeaPower subsea batteries and synthetic aperture sonar to defense industry customers. Service revenue increased 85 percent to 13.0 million due to growth in sub-bottom imaging services and the acquisition of 3D at Depth Inc., which provides subsea LiDAR services. Gross profit increased 81 percent to 18.6 million with a gross margin of 59 percent compared to 52 percent in the prior year. Adjusted EBITDA grew 92 percent year-over-year to 8.0 million, representing a 25.5 percent adjusted EBITDA margin.
Kraken Robotics Inc. reported record Q3 2025 financial results on November 24, 2025. Consolidated revenue increased 60 percent to 31.3 million Canadian dollars compared to 19.6 million in the prior year. Product revenue rose 46 percent to 18.3 million, driven by record shipments of SeaPower subsea batteries and synthetic aperture sonar to defense industry customers. Service revenue increased 85 percent to 13.0 million due to growth in sub-bottom imaging services and the acquisition of 3D at Depth Inc., which provides subsea LiDAR services. Gross profit increased 81 percent to 18.6 million with a gross margin of 59 percent compared to 52 percent in the prior year. Adjusted EBITDA grew 92 percent year-over-year to 8.0 million, representing a 25.5 percent adjusted EBITDA margin.
Kraken Robotics is a Canadian marine technology company that develops underwater sensors, synthetic aperture sonar, batteries, and autonomous systems for defence and commercial clients in over 30 countries. Its Q3 2025 results showed 60% revenue growth to $31.3 million and 59% gross margins, driven by record shipments of subsea batteries and sonar to defence customers plus the acquisition of 3D at Depth for subsea LiDAR services. The company recently closed a $115 million public offering to fund further acquisitions and has been identified as a potential beneficiary of Canada's $180 billion defence industrial strategy.