KULR · Kulr Technology Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.85M | - | $6.88M | $3.97M | $2.45M | - | $3.19M | $2.43M | $1.75M | - |
| Cost of Revenue | $3.43M | - | $6.26M | $3.26M | $2.24M | - | $928.3K | $1.86M | $1.24M | - |
| Gross Profit | $1.42M | - | $628.9K | $713.7K | $206.3K | - | $2.26M | $572.6K | $510.8K | - |
| R&D | $1.77M | - | $2.32M | $2.44M | $2.45M | - | $1.23M | $1.31M | $954.6K | - |
| SG&A | $6.53M | - | $6.26M | $6.94M | $7.20M | - | $2.74M | $4.59M | $4.21M | - |
| Total Operating Expenses | $8.80M | - | $9.37M | $10.16M | $9.65M | - | $3.97M | $5.90M | $5.17M | - |
| D&A | $307.5K | - | - | - | $294.4K | - | - | - | $672.9K | - |
| Operating Income | ($7.39M) | - | ($8.74M) | ($9.45M) | ($9.44M) | - | ($1.71M) | ($5.33M) | ($4.66M) | - |
| Interest Expense | $5.4K | - | $28.9K | $33.5K | $132.7K | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($28.12M) | - | ($6.97M) | $8.14M | ($18.81M) | - | ($2.00M) | ($5.89M) | ($5.01M) | - |
| EPS - Basic | ($0.61) | - | ($0.17) | $0.22 | ($0.56) | - | ($0.08) | ($0.24) | ($0.32) | - |
| EPS - Diluted | ($0.61) | - | ($0.17) | $0.22 | ($0.56) | - | ($0.08) | ($0.24) | ($0.32) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.68M | $13.30M | $20.59M | $20.57M | $24.45M | $29.83M | $912.4K | $1.02M | $798.8K | $1.19M |
| Accounts Receivable | $2.05M | $2.08M | $2.96M | $3.87M | $2.94M | $1.98M | $2.68M | - | - | - |
| Inventory | $1.40M | $581.2K | $784.6K | $772.1K | $485.8K | $545.5K | $606.3K | $535.2K | $1.05M | $1.15M |
| Accounts Payable | $1.64M | $3.17M | $1.24M | $1.81M | $1.21M | $2.06M | $1.15M | $1.06M | $2.38M | $2.77M |
| Current Assets | $16.81M | $25.56M | $28.53M | $31.05M | $30.77M | $34.16M | $4.83M | $3.87M | $3.37M | $3.90M |
| Total Assets | $105.51M | $128.97M | $156.06M | $141.46M | $93.80M | $62.93M | $12.35M | $11.39M | $11.30M | $10.86M |
| Current Liabilities | $9.96M | $6.28M | $6.93M | $3.74M | $3.35M | $4.67M | $5.98M | $6.25M | $7.28M | $6.90M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $10.93M | $0 | $8.11M | $5.01M | $4.12M | $5.50M | $7.18M | $7.56M | $8.71M | $13.05M |
| Stockholders' Equity | $94.58M | $121.61M | $147.96M | $136.45M | $89.68M | $57.43M | $5.17M | $3.84M | $2.59M | ($2.18M) |
| Retained Earnings | ($173.83M) | ($145.71M) | ($101.45M) | ($94.48M) | ($102.62M) | ($83.81M) | ($79.19M) | ($77.19M) | ($71.30M) | ($66.29M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.70M) | - | - | - | ($9.77M) | - | - | - | ($3.91M) | - |
| Investing Cash Flow | ($1.54M) | - | - | - | ($44.72M) | - | - | - | ($13.4K) | - |
| Financing Cash Flow | $4.62M | - | - | - | $49.11M | - | - | - | $3.52M | - |
| CapEx | $173.6K | - | - | - | $120.2K | - | - | - | $13.4K | $2.00M |
| Free Cash Flow | ($8.88M) | - | - | - | ($9.89M) | - | - | - | ($3.92M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 29.2% | - | 9.1% | 18.0% | 8.4% | - | 70.9% | 23.5% | 29.2% | - |
| Operating margin | -152.4% | - | -126.9% | -237.9% | -385.7% | - | -53.7% | -219.0% | -266.2% | - |
| EBITDA margin | -146.0% | - | - | - | -373.7% | - | - | - | -227.8% | - |
| Net margin | -580.2% | - | -101.3% | 204.9% | -768.1% | - | -62.9% | -242.2% | -286.4% | - |
| Free cash flow margin | -183.2% | - | - | - | -404.0% | - | - | - | -224.2% | - |
| FCF / Net income | 0.32 | - | - | - | 0.53 | - | - | - | 0.78 | - |
| R&D / Revenue | 36.5% | - | 33.7% | 61.3% | 100.1% | - | 38.7% | 53.7% | 54.6% | - |
| SG&A / Revenue | 134.8% | - | 91.0% | 174.7% | 294.1% | - | 85.9% | 188.9% | 240.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -26.7% | - | -4.5% | 5.8% | -20.0% | - | -16.2% | -51.7% | -44.3% | - |
| Return on equity | -29.7% | - | -4.7% | 6.0% | -21.0% | - | -38.7% | -153.6% | -193.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.69 | 4.07 | 4.12 | 8.29 | 9.19 | 7.32 | 0.81 | 0.62 | 0.46 | 0.57 |
| Quick ratio | 1.55 | 3.98 | 4.00 | 8.09 | 9.05 | 7.21 | 0.71 | 0.53 | 0.32 | 0.40 |
| Cash ratio | 0.77 | 2.12 | 2.97 | 5.49 | 7.30 | 6.39 | 0.15 | 0.16 | 0.11 | 0.17 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1357.3x | - | -302.5x | -281.8x | -71.2x | - | - | - | - | - |
| Equity multiplier | 1.12 | 1.06 | 1.05 | 1.04 | 1.05 | 1.10 | 2.39 | 2.97 | 4.37 | -4.98 |
| Liabilities / Assets | 0.10 | 0.00 | 0.05 | 0.04 | 0.04 | 0.09 | 0.58 | 0.66 | 0.77 | 1.20 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.04 | 0.03 | 0.03 | - | 0.26 | 0.21 | 0.15 | - |
| Inventory turnover | 2.45 | - | 7.97 | 4.22 | 4.62 | - | 1.53 | 3.47 | 1.18 | - |
| Days sales outstanding | 154d | - | 157d | 356d | 439d | - | 307d | - | - | - |
| Days inventory outstanding | 149d | - | 46d | 86d | 79d | - | 238d | 105d | 310d | - |
| Days payable outstanding | 175d | - | 72d | 203d | 197d | - | 454d | 208d | 701d | - |
| Cash conversion cycle | 128d | - | 130d | 239d | 320d | - | 92d | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 32.4x | - | - | - | - | - | - |
| P / B | 1.2x | - | 1.2x | 2.0x | 32.9x | - | 84.2x | 151.4x | 167.1x | - |
| P / S | 22.6x | - | 24.9x | 67.5x | 1204.8x | - | 136.8x | 238.8x | 247.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 97.9% | - | 116.1% | 63.4% | 40.0% | - | 4.8% | -9.8% | -0.6% | - |
| Revenue CAGR (3y) | 40.2% | - | 70.3% | 89.1% | 130.3% | - | 74.4% | 57.0% | 61.2% | - |
| Revenue CAGR (5y) | 63.3% | - | 118.9% | 134.3% | 99.5% | - | 43.3% | 112.4% | 55.1% | - |
| Gross profit growth (YoY) | 586.9% | - | -72.1% | 24.6% | -59.6% | - | 68.8% | -42.9% | -20.6% | - |
| Operating income growth (YoY) | 21.8% | - | -410.9% | -77.4% | -102.8% | - | 66.4% | 11.2% | 25.6% | - |
| Net income growth (YoY) | -49.5% | - | -248.0% | - | -275.5% | - | 64.0% | 7.0% | 24.1% | - |
| EPS growth (YoY) | -8.9% | - | -112.5% | - | -75.0% | - | -60.0% | -380.0% | -433.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 10.2% | - | - | - | -152.3% | - | - | - | 22.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 5.5% | 111.8% | 2759.6% | 3457.9% | 3363.1% | - | 331.1% | 10.4% | -68.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$16.17M totalEnergy Management Platform Segment$9.14M · 56.5%
Mining Of Digital Assets Segment$7.03M · 43.5%
Product / service
$14.11M totalMining Of Digital Assets$7.03M · 49.8%
Product$5.05M · 35.8%
Service$2.03M · 14.4%
Geographic
$2.58M totalNon Us$2.58M · 100.0%
Peer comparison
Same SIC group: Electronic Components & Accessories
Comparing KULR Technology Group against the 5 most active filers in the same SIC group.