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KULR Technology Group, Inc.

KULR Technology Group, Inc.

AMEX•KULR
CEO: Mr. Michael Mo
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 2018-07-19
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. It sells its products for applications, such as lithium-ion battery energy storage, electric vehicles, 5G communication, cloud computer infrastructure, consumer, and industrial devices. The company was formerly known as KT High-Tech Marketing Inc. and changed its name to KULR Technology Group, Inc. in August 2018. KULR Technology Group, Inc. was founded in 2013 and is based in San Diego, California.
Contact Information
4863 Shawline Street, San Diego, CA, 92111, United States
408-663-5247
www.kulrtechnology.com
Market Cap
$146.08M
P/E (TTM)
-5.5
12.8
Dividend Yield
--
52W High
$31.84
52W Low
$2.15
52W Range
4%
Rank64Top 85.8%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$6.88M+116.11%
4-Quarter Trend

EPS

-$0.17+1550.48%
4-Quarter Trend

FCF

-$9.49M+182.96%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Surge Total revenue reached $13.31M for nine months, increasing 81% driven by digital asset mining activities.
Bitcoin Treasury Valuation Bitcoin holdings valued $120.52M as of September 30, 2025, against a cost basis of $106.79M.
Structural Share Adjustment Company completed 1-for-8 reverse stock split in June 2025, retroactively restating all prior share amounts.
Ending Cash Position Cash balance stood at $20.59M at period end, supported by recent equity financing proceeds.

Risk Factors

Gross Margin Compression Nine-month gross profit declined 54% to $1.55M due to increased mining lease costs and service contract hours.
Significant Investee Impairment Recorded $5.94M total impairment and credit losses related to a German Investee that filed insolvency proceedings.
Operating Loss Widened Loss from operations for nine months was $(27.63M), widening by $15.94M compared to the prior year.
High Customer Concentration Customer A represented 69% of Q3 2025 revenue, posing material risk if that relationship changes or terminates.

Outlook

Post-Period Equity Issuance Issued 3.0 million shares post-period end, October through November 2025, for $15.1M in gross proceeds.
New Mining Lease Secured Entered a new two-year digital asset mining lease in October 2025 totaling a commitment of $4.2M.
Loan Payable Fully Settled Repaid remaining $3.8M loan principal balance plus $49K in interest subsequent to September 30, 2025.
Future Energy Plus AI Strategy focuses on leveraging KULR CoreTM development for robotics and expanding AI infrastructure investments.

Peer Comparison

Revenue (TTM)

Methode Electronics, Inc.MEI
$984.40M
-9.5%
Waldencast plcWALD
$514.94M
+48.5%
Ceragon Networks Ltd.CRNT
$363.33M
-3.8%

Gross Margin (Latest Quarter)

Eventbrite, Inc.EB
67.9%
-0.6pp
Waldencast plcWALD
47.2%
-24.4pp
Lantronix, Inc.LTRX
44.8%
+2.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AXTI$781.40M-31.3-12.4%19.1%
EB$433.63M-40.2-6.0%23.6%
LTRX$241.98M-22.4-13.6%8.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
26.9%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 26, 2026
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EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 18, 2025|
    Revenue: $6.88M+116.1%
    |
    EPS: $-0.17+1550.5%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $3.97M+63.4%
    |
    EPS: $0.22-776.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 15, 2025|
    Revenue: $2.45M+40.0%
    |
    EPS: $-0.07+98.9%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $10.74M+9.2%
    |
    EPS: $-0.09+53.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $3.19M+4.8%
    |
    EPS: $-0.01-78.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 12, 2024|
    Revenue: $2.43M-9.8%
    |
    EPS: $-0.03-40.8%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $1.75M-0.6%
    |
    EPS: $-0.04-39.8%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 12, 2024|
    Revenue: $9.83M+146.1%
    |
    EPS: $-0.20-11.1%
    Beat