NYSEAMERICAN : KULR
KULR Technology Group, Inc. — Financial statements
Technology · Electronic Components · United States
Last price 1.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 75.86M
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Financial statements
KULR Technology Group, Inc. (KULR) reported revenue of 16.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 16.10M | 16.17M | 10.74M | 9.83M | 3.99M | 2.41M |
| Cost of Revenue | 18.49M | 17.53M | 5.25M | 6.16M | 1.63M | 1.10M |
| Gross Profit | -2.40M | -1.36M | 5.48M | 3.67M | 2.36M | 1.31M |
| Selling, General & Admin | 26.96M | 27.70M | 15.98M | 18.94M | 16.45M | 11.16M |
| Research & Development | 10.62M | 10.76M | 4.74M | 7.14M | 4.20M | 1.66M |
| Operating Expenses | 41.59M | 40.68M | 20.72M | 26.08M | 20.65M | 12.82M |
| Operating Income | -43.99M | -42.04M | -15.23M | -22.41M | -18.29M | -11.51M |
| Interest Expense | -381.91K | -242.82K | -1.36M | -1.45M | -1.45M | -131.53K |
| Interest & Investment Income | 311.83K | 563.27K | 10.57K | |||
| Currency Exchange Gain (Loss) | -381.00 | |||||
| Other Non Operating Income (Expenses) | -53.11M | -13.82M | -947.60K | 167.04K | 147.03K | -125.82K |
| EBT Excluding Unusual Items | -97.17M | -55.54M | -17.53M | -23.69M | -19.59M | -11.77M |
| Gain (Loss) on Sale of Investments | -3.33M | -3.33M | ||||
| Asset Writedown | -1.73M | -3.09M | ||||
| Other Unusual Items | 50.00K | 9.83K | 150.17K | -140.00K | ||
| Pretax Income | -102.23M | -61.90M | -17.52M | -23.69M | -19.44M | -11.91M |
| Net Income | -102.23M | -61.90M | -17.52M | -23.69M | -19.44M | -11.91M |
| Preferred Dividends & Other Adjustments | 2.62M | |||||
| Net Income to Common | -102.23M | -61.90M | -17.52M | -23.69M | -19.44M | -14.54M |
| Shares Outstanding (Basic) | 44.81M | 39.73M | 23.32M | 14.73M | 13.21M | 11.97M |
| Shares Outstanding (Diluted) | 44.81M | 39.73M | 23.32M | 14.73M | 13.21M | 11.97M |
| EPS (Basic) | -2.28 | -1.56 | -0.75 | -1.61 | -1.47 | -1.21 |
| EPS (Diluted) | -2.28 | -1.56 | -0.75 | -1.61 | -1.47 | -1.21 |
| Free Cash Flow | -46.03M | -48.68M | -17.94M | -12.88M | -21.46M | -9.34M |
| Free Cash Flow Per Share | -1.03 | -1.23 | -0.77 | -0.87 | -1.62 | -0.78 |
| Gross Margin | -14.90% | -8.39% | 51.07% | 37.29% | 59.18% | 54.33% |
| Operating Margin | -273.30% | -259.98% | -141.89% | -227.99% | -457.76% | -477.17% |
| Profit Margin | -635.10% | -382.80% | -163.20% | -241.03% | -486.56% | -602.41% |
| Free Cash Flow Margin | -285.95% | -301.02% | -167.06% | -130.99% | -537.18% | -387.21% |
| EBITDA | -42.60M | -40.64M | -13.43M | -20.20M | -18.03M | -11.45M |
| EBITDA Margin | -264.69% | -251.33% | -125.11% | -205.47% | ||
| D&A For EBITDA | 1.39M | 1.40M | 1.80M | 2.21M | 259.40K | 67.72K |
| EBIT | -43.99M | -42.04M | -15.23M | -22.41M | -18.29M | -11.51M |
| EBIT Margin | -273.30% | -259.98% | -141.89% | -227.99% | ||
| Advertising Expenses | 4.94M | 2.83M | 1.80M | 874.40K | 145.03K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.78M | 13.30M | 29.83M | 1.19M | 10.33M | 14.86M |
| Cash & Short-Term Investments | 12.78M | 13.30M | 29.83M | 1.19M | 10.33M | 14.86M |
| Accounts Receivable | 1.86M | 2.08M | 2.65M | 901.67K | 1.54M | 136.33K |
| Other Receivables | 640.68K | 1.90M | 60.37K | 2.87K | 368.07K | |
| Receivables | 2.50M | 3.98M | 2.71M | 904.54K | 1.91M | 136.33K |
| Inventory | 1.95M | 1.42M | 545.47K | 1.18M | 2.25M | 501.00K |
| Prepaid Expenses | 1.71M | 1.11M | 350.50K | 107.42K | 689.09K | 145.27K |
| Other Current Assets | 65.58M | 5.75M | 730.68K | 521.08K | 555.85K | 115.40K |
| Total Current Assets | 84.67M | 25.56M | 34.16M | 3.90M | 15.74M | 15.76M |
| Property, Plant & Equipment | 9.98M | 6.82M | 4.90M | 4.83M | 3.52M | 1.04M |
| Other Intangible Assets | 304.93K | 370.93K | 577.10K | 719.39K | 720.77K | 216.95K |
| Long-Term Accounts Receivable | 49.02K | 998.77K | 1.45M | |||
| Long-Term Deferred Charges | 276.69K | 276.69K | 155.50K | 70.61K | 71.82K | |
| Other Long-Term Assets | 4.79M | 94.94M | 21.68M | 1.34M | 3.58M | 2.21M |
| Total Assets | 100.08M | 128.97M | 62.93M | 10.86M | 23.63M | 19.23M |
| Accounts Payable | 1.56M | 3.17M | 2.06M | 2.77M | 1.41M | 454.51K |
| Accrued Expenses | 2.74M | 1.73M | 1.11M | 3.17M | 2.10M | 1.08M |
| Short-Term Debt | 20.00M | 155.23K | ||||
| Current Portion of Long-Term Debt | 494.80K | 5.66M | ||||
| Current Portion of Leases | 341.72K | 366.94K | 495.93K | 102.19K | 223.65K | 262.38K |
| Current Unearned Revenue | 358.35K | 107.27K | 32.77K | 551.02K | 23.00K | 132.30K |
| Other Current Liabilities | 73.11K | 896.93K | 467.82K | 303.66K | 273.21K | 375.55K |
| Total Current Liabilities | 25.08M | 6.28M | 4.67M | 6.90M | 9.68M | 2.46M |
| Long-Term Debt | 10.97K | 6.14M | 3.20M | |||
| Long-Term Leases | 2.43M | 1.08M | 822.60K | 97.96K | 407.90K | |
| Other Long-Term Liabilities | 5.90K | 157.05K | ||||
| Total Liabilities | 27.50M | 7.36M | 5.50M | 13.05M | 13.13M | 2.87M |
| Common Stock | 4.63K | 4.61K | 3.31K | 13.40K | 11.32K | 10.48K |
| Additional Paid-In Capital | 269.67M | 267.71M | 141.53M | 64.39M | 53.37M | 39.51M |
| Retained Earnings | -196.70M | -145.71M | -83.81M | -66.29M | -42.59M | -23.16M |
| Treasury Stock | -393.74K | -393.74K | -296.22K | -296.22K | -296.22K | |
| Total Common Equity | 72.57M | 121.61M | 57.43M | -2.18M | 10.49M | 16.37M |
| Shareholders' Equity | 72.57M | 121.61M | 57.43M | -2.18M | 10.49M | 16.37M |
| Total Liabilities & Equity | 100.08M | 128.97M | 62.93M | 10.86M | 23.63M | 19.23M |
| Total Debt | 22.77M | 1.45M | 1.82M | 6.24M | 9.17M | 825.50K |
| Net Cash (Debt) | -9.98M | 11.85M | 28.01M | -5.05M | 1.16M | 14.04M |
| Net Cash Per Share | -0.22 | 0.30 | 1.20 | -0.34 | 0.09 | 1.17 |
| Filing Date Shares Outstanding | 46.26M | 46.22M | 35.53M | 21.59M | 14.53M | 13.11M |
| Total Common Shares Outstanding | 46.27M | 46.04M | 33.08M | 16.74M | 14.13M | 13.10M |
| Working Capital | 59.60M | 19.28M | 29.50M | -2.99M | 6.06M | 13.30M |
| Book Value Per Share | 1.57 | 2.64 | 1.74 | -0.13 | 0.74 | 1.25 |
| Tangible Book Value | 72.27M | 121.24M | 56.85M | -2.90M | 9.77M | 16.15M |
| Tangible Book Value Per Share | 1.56 | 2.63 | 1.72 | -0.17 | 0.69 | 1.23 |
| Machinery | 8.05M | 4.46M | 4.25M | 1.63M | 139.67K | |
| Construction In Progress | 750.24K | 408.08K | 1.43M | |||
| Leasehold Improvements | 2.16M | 2.14M | 2.04M | 345.71K | 339.42K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -102.23M | -61.90M | -17.52M | -23.69M | -19.44M | -11.91M |
| Depreciation & Amortization | 1.39M | 1.40M | 1.80M | 2.21M | 259.40K | 67.72K |
| Other Amortization | 82.88K | 1.15M | 730.23K | 511.82K | 128.20K | |
| Loss (Gain) From Sale of Assets | 26.49K | |||||
| Asset Writedown & Restructuring Costs | 1.74M | 1.74M | ||||
| Loss (Gain) From Sale of Investments | 3.33M | 3.33M | ||||
| Stock-Based Compensation | 5.67M | 6.52M | 2.69M | 3.50M | 4.18M | 4.20M |
| Provision & Write-off of Bad Debts | 3.50M | 2.23M | 16.98K | 15.03K | ||
| Other Operating Activities | 46.71M | 7.88M | 1.39M | 377.79K | 472.84K | 274.95K |
| Change in Accounts Receivable | -468.45K | -3.10M | -3.19M | 623.47K | -1.42M | -80.83K |
| Change in Inventory | -980.62K | -875.33K | 631.08K | 776.81K | -1.77M | -445.55K |
| Change in Accounts Payable | -255.07K | 1.11M | -708.28K | 754.06K | 658.72K | 385.34K |
| Change in Unearned Revenue | 334.70K | 74.50K | -518.25K | 528.02K | -109.30K | 112.30K |
| Change in Other Net Operating Assets | -1.97M | -5.49M | -3.09M | 2.20M | -706.54K | 463.26K |
| Operating Cash Flow | -41.11M | -44.88M | -17.34M | -11.97M | -17.35M | -6.81M |
| Capital Expenditures | -4.91M | -3.79M | -596.18K | -911.11K | -4.10M | -2.54M |
| Cash Acquisitions | -594.86K | |||||
| Sale (Purchase) of Intangibles | -138.18K | -138.18K | -135.00K | -543.57K | -200.00K | |
| Investment in Securities | -3.33M | |||||
| Other Investing Activities | -9.80M | -79.70M | -21.00M | |||
| Investing Cash Flow | -17.57M | -89.08M | -21.60M | -1.05M | -4.65M | -2.74M |
| Short-Term Debt Issued | 8.00M | |||||
| Long-Term Debt Issued | 3.66M | 2.25M | 15.32M | |||
| Total Debt Issued | 28.00M | 8.00M | 3.66M | 2.25M | 15.32M | |
| Short-Term Debt Repaid | -8.00M | -2.45M | ||||
| Long-Term Debt Repaid | -1.57M | -3.34M | -1.57M | -1.00M | ||
| Total Debt Repaid | -8.99M | -9.57M | -3.34M | -1.57M | -1.00M | -2.45M |
| Net Debt Issued (Repaid) | 19.01M | -1.57M | 316.15K | 675.00K | 14.32M | -2.45M |
| Issuance of Common Stock | 33.70M | 123.19M | 71.04M | 3.91M | 3.32M | 11.84M |
| Repurchase of Common Stock | -700.17K | -545.82K | -500.00K | -229.25K | ||
| Other Financing Activities | -827.46K | -3.64M | -3.28M | -483.05K | -175.00K | -365.00K |
| Financing Cash Flow | 51.18M | 117.44M | 67.57M | 3.87M | 17.47M | 15.53M |
| Net Cash Flow | -7.50M | -16.53M | 28.64M | -9.14M | -4.53M | 5.98M |
| Free Cash Flow | -46.03M | -48.68M | -17.94M | -12.88M | -21.46M | -9.34M |
| Free Cash Flow Margin | -285.95% | -301.02% | -167.06% | -130.99% | -537.18% | -387.21% |
| Free Cash Flow Per Share | -1.03 | -1.23 | -0.77 | -0.87 | -1.62 | -0.78 |
| Levered Free Cash Flow | -85.66M | -28.04M | -10.07M | -3.82M | -14.78M | -4.83M |
| Unlevered Free Cash Flow | -85.42M | -27.97M | -10.37M | -3.65M | -14.39M | -4.87M |
| Cash Interest Paid | 243.70K | 159.94K | 62.38K | 314.73K | 86.06K | 1.64K |
| Change in Working Capital | -3.34M | -8.28M | -6.87M | 4.89M | -3.35M | 434.52K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 75.86M | 135.13M | 849.44M | 24.59M | 135.14M | 288.97M |
| Enterprise Value | 85.85M | 119.94M | 851.22M | 29.51M | 134.03M | 278.87M |
| Last Close Price | 1.64 | 2.96 | 28.40 | 1.48 | 9.60 | 22.08 |
| PS Ratio | 4.71 | 8.36 | 79.11 | 2.50 | 33.83 | 119.76 |
| PB Ratio | 1.05 | 1.11 | 14.79 | -11.27 | 12.88 | 17.66 |
| P/TBV Ratio | 1.05 | 1.11 | 14.94 | 13.83 | 17.89 | |
| EV/Sales Ratio | 5.33 | 7.42 | 79.28 | 3.00 | 33.55 | 115.58 |
| Debt / Equity Ratio | 0.31 | 0.01 | 0.03 | -2.86 | 0.87 | 0.05 |
| Net Debt / Equity Ratio | 0.14 | -0.10 | -0.49 | -2.31 | -0.11 | -0.86 |
| Net Debt / EBITDA Ratio | -0.23 | 0.29 | 2.08 | -0.25 | 0.06 | 1.23 |
| Net Debt / FCF Ratio | -0.22 | 0.24 | 1.56 | -0.39 | 0.05 | 1.50 |
| Asset Turnover | 0.13 | 0.17 | 0.29 | 0.57 | 0.19 | 0.17 |
| Inventory Turnover | 12.66 | 17.83 | 6.10 | 3.60 | 1.19 | 3.96 |
| Quick Ratio | 0.61 | 2.75 | 6.97 | 0.30 | 1.26 | 6.10 |
| Current Ratio | 3.38 | 4.07 | 7.32 | 0.57 | 1.63 | 6.41 |
| Return on Equity (ROE) | -97.81% | -69.15% | -63.44% | -570.17% | -144.73% | -105.95% |
| Return on Assets (ROA) | -22.77% | -27.38% | -25.81% | -81.23% | -53.33% | -50.60% |
| Return on Capital Employed (ROCE) | -58.70% | -34.30% | -26.10% | -565.20% | -131.10% | -68.60% |
| Earnings Yield | -139.10% | -45.81% | -2.06% | -96.35% | -14.38% | -4.12% |
| FCF Yield | -60.67% | -36.02% | -2.11% | -52.36% | -15.88% | -3.23% |
| Buyback Yield / Dilution | -43.37% | -70.32% | -58.37% | -11.51% | -10.35% | -16.72% |