KULR Technology Group, Inc. (KULR) Form 8-K — Aug 13, 2026
KULR Technology Group reported second quarter 2026 revenue of $2.08 million, down 43% year-over-year, with gross margin swinging to negative 31% from positive 20% in the year-ago quarter. The company posted a net loss of $21.97 million, or $0.47 per share, versus net income of $8.14 million ($0.22 per share) a year earlier, driven primarily by a $10.59 million non-cash fair-value loss on its bitcoin holdings. CFO Mike Kimel said the company has since exited bitcoin mining, repaid its Coinbase loan in full, and begun deliberately reducing its bitcoin holdings to cut balance-sheet volatility, noting no shares were issued through the ATM in the first half of 2026.
Key figures
- Revenue
- 2080177
- Revenue Yoy
- -43%
- Cash Position
- 12800000
- Rnd Expenses
- 2985659
- Sga Expenses
- 6307097
- Prior Year Eps
- 0.22
- Rnd Change Yoy
- +23%
- Sga Change Yoy
- -9%
- Operating Loss
- 11204578
- Prior Year Revenue
- 3652471
- Gross Margin Q2 2025
- 20%
- Gross Margin Q2 2026
- -31%
- Prior Year Net Income
- 8142149
- Bitcoin Fair Value Loss
- 10591667
- Operating Loss Change Yoy
- +19%
Price after filing
Close on the filing date to close N calendar days later (from $2.97). Historical, not a forecast.
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