KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, designs and builds advanced battery systems for autonomous platforms, digital infrastructure, and e-mobility and space. It provides battery production, internal short circuit battery cells and devices, patented thermal runaway shield technology (“TRS”), phase change material (“PCM”) heatsinks, and KULR SafeCases, and exoskeleton devices. The company also offers space batteries; air batteries; custom battery design; battery solutions, including trigger cells and ISC-D and SafeX Safe storage solutions; thermal solutions, including fiber thermal interface and cathodes; and testing solutions that include cell screening and cycling, module cycling, thermal desktop and SINDA/FLUINT, and abuse testing and calorimetry. Additionally, the company provides KULR VIBE, a software-driven precision balancing and vibration reduction solution designed for rotary systems and Xero VibeFan, an ultimate cooling solution for AI farms, data centres, and server environments. Its technologies are used in space, aerospace, defence, telecom, and other critical infrastructure. KULR Technology Group, Inc. has a strategic collaboration with Robinson Helicopter Company, Inc. to develop battery system for an eR66 battery-electric helicopter demonstrator. The company was formerly known as KT High-Tech Marketing, Inc. and changed its name to KULR Technology Group, Inc. in August 2018. The company was founded in 2013 and is headquartered in Webster, Texas.
Sector: Electronic Components & Accessories
Industry: Industrial - Machinery
KULR Technology Group, Inc.
NYSE:KULRTechnology · Hardware, Equipment & Parts
-3.14%$1.54
AH Close$1.60+3.79%vs close
AH Close$1.60+3.79%vs close
Mkt Cap$71.27M
Float42.85M
O/S46.28M
Inst Own22.3%
SI15.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$16.17M
Net Income-$61.9M
Total Assets$128.97M
Free Cash Flow-$47.87M
Debt & Equity
Debt 1%
Equity 99%
Preferred 0%
Total Debt$1.45M
Total Equity$121.61M
Preferred Stock$100
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:8
Nasdaq bars a compliance period at 1:250
- 1:8Reverse splitJun 23, 20258 shares → 1
Balance Sheet Details
Assets$128.97M
Liabilities$7.36M
Accounts Receivable$6.02M
Accounts Payable$3.17M
Inventory$581K
PP&E (Net)$6.82M
Goodwill$0
Intangible Assets$371K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $16.17M | $10.74M | $9.83M | $3.99M | $2.41M | $624K | $830K | $1.27M | $236K | $7K | $3K |
| YoY Growth | 50.6% | 9.2% | 146.1% | 65.6% | 286.7% | -24.9% | -34.8% | 440.8% | 3314.3% | 109.1% | - |
| Cost of Revenue | $15.4M | $5.25M | $6.16M | $1.63M | $1.1M | $188K | $227K | $337K | $157K | $8K | $3K |
| Gross Profit | $771K | $5.48M | $3.67M | $2.36M | $1.31M | $436K | $604K | $937K | $79K | -$849 | $717 |
| Gross Margin | 4.8% | 51.1% | 37.3% | 59.2% | 54.3% | 69.9% | 72.7% | 73.6% | 33.5% | -12.3% | 21.7% |
| Research and Development | $10.76M | $4.74M | $6.2M | $4.2M | $1.66M | $290K | $502K | $508K | $801K | $425K | $383K |
| Selling, General, and Administrative | $27.7M | $15.98M | $19.88M | $16.45M | $11.16M | $2.49M | $2.08M | $2.51M | $1.69M | $398K | $4K |
| Other | $4.36M | $0 | $0 | $0 | $0 | $0 | $1K | $24K | $0 | $35K | $0 |
| Total Operating Expenses | $42.81M | $20.72M | $26.08M | $20.65M | $12.82M | $2.78M | $2.58M | $3.02M | $2.49M | $35K | $4K |
| Operating Income (EBIT) | -$42.04M | -$15.23M | -$22.41M | -$18.29M | -$11.51M | -$2.34M | -$1.98M | -$2.08M | -$2.41M | -$824K | -$4K |
| Operating Margin | -260.0% | -141.9% | -228.0% | -457.8% | -477.2% | -375.1% | -238.4% | -163.4% | -1024.2% | -11937.8% | -123.0% |
| Interest Expense | $243K | $1.36M | $1.45M | $1.45M | $132K | $507K | $2K | $826 | $13K | $0 | $0 |
| Interest Income | $563K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $2K | $114 |
| Other Income (Expense) | -$19.86M | -$2.29M | -$1.28M | -$1.15M | -$398K | -$510K | -$480 | $23K | -$11K | -$786K | $0 |
| Income Before Tax (EBT) | -$61.9M | -$17.52M | -$23.69M | -$19.44M | -$11.91M | -$2.85M | -$1.98M | -$2.06M | -$2.42M | -$822K | -$4K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $800 | $800 | $800 |
| Net Income | -$61.9M | -$17.52M | -$23.69M | -$19.44M | -$11.91M | -$2.85M | -$1.98M | -$2.06M | -$2.42M | -$35K | -$4K |
| Net Income Margin | -382.8% | -163.2% | -241.0% | -486.6% | -493.7% | -456.8% | -238.7% | -161.6% | -1029.1% | -507.5% | -123.1% |
| Supplementary Data | |||||||||||
| EPS | -1.56 | -0.09 | -0.20 | -0.18 | -0.15 | -0.03 | -0.02 | -0.03 | -0.03 | -0.00 | -0.00 |
| Diluted EPS | -1.56 | -0.09 | -0.20 | -0.18 | -0.15 | -0.03 | -0.02 | -0.03 | -0.03 | -0.15 | -0.00 |
| Weighted Average OS | 39.73M | 186.60M | 117.82M | 105.66M | 97.71M | 82.03M | 80.12M | 77.64M | 77.44M | 77.44M | 77.44M |
| EBITDA | -$60.26M | -$14.36M | -$20.03M | -$17.73M | -$11.71M | -$2.32M | -$1.96M | -$2.04M | -$2.4M | -$823K | -$673K |
| EBITDA Margin | -372.6% | -133.7% | -203.8% | -443.8% | -485.4% | -372.6% | -236.1% | -160.3% | -1020.8% | -11928.2% | -20402.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $13.3M | $29.83M | $1.19M | $10.33M | $14.86M | $8.88M | $109K | $230K | $896K | $213K | $139K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $13.3M | $29.83M | $1.19M | $10.33M | $14.86M | $8.88M | $109K | $230K | $896K | $213K | $139K |
| Accounts Receivable | $6.02M | $2.7M | $904K | $1.54M | $136K | $55K | $30K | $112K | $152K | $26K | $3K |
| Inventory | $581K | $545K | $1.15M | $2.25M | $191K | $55K | $27K | $10K | $14K | $13K | $20K |
| Other Current Assets | $3.1M | $690K | $70K | $924K | $115K | $73K | $19K | $28K | $9K | $123K | $40K |
| Total Current Assets | $25.56M | $34.16M | $3.9M | $15.74M | $15.76M | $9.14M | $209K | $406K | $1.18M | $268K | $203K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $6.82M | $4.9M | $6.16M | $3.52M | $1.04M | $58K | $28K | $45K | $43K | $462 | $1K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $371K | $577K | $719K | $721K | $217K | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $94M | $20.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.22M | $3.01M | $81K | $3.65M | $2.21M | $9K | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $103.41M | $28.76M | $6.96M | $7.89M | $3.47M | $67K | $28K | $45K | $43K | $462 | $1K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$462 | $0 |
| Total Assets | $128.97M | $62.93M | $10.86M | $23.63M | $19.23M | $9.21M | $237K | $451K | $1.22M | $268K | $204K |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $3.17M | $2.06M | $2.77M | $1.41M | $455K | $67K | $349K | $118K | $37K | $0 | $0 |
| Short-Term Debt | $0 | $517K | $0 | $5.66M | $418K | $2.33M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $112K | $47K | $0 | $0 | $0 | $10K | $13K | $14K | $0 | $0 |
| Current Unearned Revenue | $107K | $33K | $551K | $0 | $132K | $20K | $15K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $31K | $26K | $286K | $296K | $844K | $37K | $134K | $11K | $9K | $0 | $0 |
| Total Current Liabilities | $6.28M | $4.67M | $6.9M | $9.68M | $2.46M | $2.95M | $1.03M | $576K | $480K | $13K | $4K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $1.08M | $11K | $250K | $3.2M | $0 | $142K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $5.9M | $157K | $0 | $0 | $0 | $0 | $0 | $224K | $0 |
| Total Long-Term Liabilities | $1.08M | $834K | $6.15M | $3.45M | $408K | $142K | $0 | $118K | $0 | $224K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$118K | $0 | $0 | $0 |
| Total Liabilities | $7.36M | $5.5M | $13.05M | $13.13M | $2.87M | $3.09M | $1.03M | $576K | $480K | $237K | $4K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $100 | $73 | $0 | $0 | $0 | $1 | $1 | $3 | $0 | $0 | $500 |
| Common Stock | $5K | $26K | $13K | $11K | $10K | $9K | $8K | $8K | $8K | $386 | $2K |
| Retained Earnings | -$145.71M | -$83.81M | -$66.29M | -$42.59M | -$23.16M | -$11.25M | -$8.4M | -$6.42M | -$4.36M | -$39K | -$4K |
| Comprehensive Income & Other | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | -$3 | $0 | $0 | -$3K |
| Other Stockholders' Equity | $267.32M | $141.21M | $64.09M | $53.08M | $39.51M | $17.36M | $7.59M | $6.28M | $5.09M | $69K | -$2K |
| Total Equity | $121.61M | $57.43M | -$2.18M | $10.49M | $16.37M | $6.12M | -$797K | -$125K | $740K | $31K | -$4K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $128.97M | $62.93M | $10.86M | $23.63M | $19.23M | $9.21M | $237K | $451K | $1.22M | $268K | $0 |
| Supplementary Data | |||||||||||
| Total Debt | $1.45M | $1.85M | $352K | $9.17M | $1.09M | $2.48M | $0 | $0 | $0 | $10K | $0 |
| Net Debt | -$11.85M | -$27.99M | -$843K | -$1.16M | -$13.78M | -$6.4M | -$109K | -$230K | -$896K | -$204K | -$139K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$61.9M | -$17.52M | -$23.69M | -$19.44M | -$11.91M | -$2.85M | -$1.98M | -$2.06M | -$2.42M | -$35K | -$675K |
| Depreciation & Amortization | $1.4M | $1.8M | $2.21M | $259K | $68K | $16K | $17K | $15K | $9K | $656 | $610 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $933 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $6.52M | $2.69M | $3.5M | $4.18M | $4.2M | $344K | $221K | $458K | $598K | $36K | $30K |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$3.1M | -$3.19M | $623K | -$1.42M | -$81K | -$26K | $82K | $40K | -$145K | -$6K | -$3K |
| Inventory | -$875K | $631K | $519K | -$1.77M | -$136K | -$28K | -$18K | $0 | -$835 | $7K | $4K |
| Accounts Payable | $1.11M | -$708K | $754K | $659K | $385K | -$298K | $231K | $81K | $0 | $0 | $0 |
| Other Working Capital | -$5.42M | -$3.61M | $2.99M | -$816K | $266K | -$393K | $258K | $126K | $957K | $189K | $133K |
| Total Working Capital Change | -$8.28M | -$6.87M | $4.89M | -$3.35M | $435K | -$745K | $553K | $246K | $812K | -$5K | $133K |
| Other Non-Cash Items | $17.38M | $2.56M | $1.13M | $1M | $403K | $504K | $90 | -$20K | $727K | $9K | $0 |
| Net Cash from Operating | -$44.88M | -$17.34M | -$11.97M | -$17.35M | -$6.81M | -$2.73M | -$1.19M | -$1.36M | -$1.01M | -$31K | -$511K |
| Investing Activities | |||||||||||
| Capital Expenditures | -$2.99M | -$573K | -$911K | -$4.65M | -$2.54M | -$46K | $0 | -$17K | -$52K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.86M | $0 | $0 |
| Purchases of Investments | $0 | -$21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$86.1M | -$23K | -$135K | $0 | -$200K | $0 | $0 | $0 | $85K | -$85K | $0 |
| Net Cash from Investing | -$89.08M | -$21.6M | -$1.05M | -$4.65M | -$2.74M | -$46K | $0 | -$17K | $1.89M | -$85K | $0 |
| Financing Activities | |||||||||||
| Debt Repaid | $990K | $613K | -$250K | -$3.75M | $2.45M | -$3.11M | - | - | - | - | - |
| Common Stock Issuance | $123.19M | $71.02M | $3.91M | $250K | $11.84M | $9.5M | $898K | $679K | $0 | $244K | $0 |
| Common Stock Repurchases | -$98K | -$500K | -$229K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$4.09M | -$2.33M | -$58K | $13.47M | -$365K | -$1.06M | -$15K | $0 | $0 | $550K | $0 |
| Net Cash from Financing | $117.44M | $67.57M | $3.87M | $17.47M | $15.53M | $11.55M | $1.07M | $710K | $0 | $244K | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$16.53M | $28.64M | -$9.14M | -$4.53M | $5.98M | $8.77M | -$121K | -$666K | $887K | $74K | -$511K |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$44.88M | -$17.34M | -$11.97M | -$17.35M | -$6.81M | -$2.73M | -$1.19M | -$1.36M | -$1.01M | -$31K | -$511K |
| Capital Expenditure | -$2.99M | -$596K | -$1.05M | -$4.65M | -$2.54M | -$46K | $0 | -$17K | -$52K | $0 | $0 |
| Free Cash Flow | -$47.87M | -$17.94M | -$13.01M | -$22M | -$9.34M | -$2.78M | -$1.19M | -$1.38M | -$1.06M | -$31K | -$511K |
| Cash at Beginning | $29.83M | $1.19M | $10.33M | $14.86M | $8.88M | $109K | $230K | $896K | $9K | $139K | $649K |
| Cash at End | $13.3M | $29.83M | $1.19M | $10.33M | $14.86M | $8.88M | $109K | $230K | $896K | $213K | $139K |