Kraken Robotics reports Q1 2026 financial results with 35% year-over-year revenue growth

Evidence notes

• Kraken reported Q1 2026 revenue of C$21.7 million, up 35% from C$16.1 million in Q1 2025, with product revenue up 50% on SeaPower subsea battery and synthetic-aperture-sonar demand.
• The company said 2026 product orders had reached approximately C$97 million, while Covelya product order intake had reached approximately C$165 million.
• Kraken reiterated standalone 2026 guidance for C$165 million to C$175 million in revenue and C$40 million to C$50 million in adjusted EBITDA, excluding the pending Covelya acquisition.