KULR Technology Group, Inc. (KULR) Form 8-K — May 14, 2026
KULR Technology Group reported Q1 2026 revenue of $4.85 million, a 98% year-over-year increase, driven by growing traction in its core battery and energy systems platforms. Gross margin expanded significantly to 29% from 8% in the prior year, while SG&A and R&D expenses were reduced by 9% and 28% respectively. Despite operational improvements, the company reported a net loss of $28.1 million ($0.61 per share), compared to $18.8 million ($0.54 per share) in the same period last year. The widening net loss was primarily due to a $20.8 million non-cash mark-to-market loss on its Bitcoin holdings, obscuring the underlying 22% reduction in operating losses.
Key figures
- Revenue
- 4846430
- Revenue Yoy
- 98%
- Cash Position
- 19000000
- Rd Expenses
- 1770500
- Gross Margin
- 29%
- Sga Expenses
- 6531969
- Operating Loss
- 7385177
- Net Loss Prior Year
- 18806658
- Rd Expenses Prior Year
- 2449900
- Gross Margin Prior Year
- 8%
- Sga Expenses Prior Year
- 7200250
- Operating Loss Prior Year
- 9443805
- Bitcoin Mark To Market Loss
- 20767713
Price after filing
Close on the filing date to close N calendar days later (from $3.81). Historical, not a forecast.
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