KULR Technology Group, Inc. (KULR) AI Stock Analysis

KULR Technology Group, Inc., operating through its subsidiary KULR Technology Corporation, specializes in developing and commercializing advanced thermal management solutions for batteries, electronics, and component applications in the United States. Its product portfolio includes lithium-ion battery thermal runaway shields, fiber thermal interface materials, phase change material heatsinks, and internal short circuit devices. KULR also offers automated cell screening and testing systems, Tech Safe Case, CellCheck, and CRUX cathodes. These technologies serve markets such as electric vehicles, energy storage systems, battery recycling transportation, cloud computing infrastructure, 5G communication devices, consumer electronics, and industrial applications.

KULR increased annual revenue from $2.4M in FY2021 to $4.0M in FY2022, $9.8M in FY2023, $10.7M in FY2024, and $16.2M in FY2025, marking a 5-year revenue CAGR of 91.7%. However, gross margin contracted from 54.3% in FY2021 to 4.8% in FY2025. Operating margin was -260.0% in FY2025 alongside a net income of -$61.9M. Over the trailing twelve months, revenue stood at $16.1M with an operating margin of -538.6% and diluted EPS of -$2.36. In the latest quarter ended June 30, 2026, quarterly revenue fell 43.0% year-over-year, trailing the 11.6% median growth for its US-listed Technology peers.

As of June 30, 2026, KULR held $76.7M in cash and short-term investments against total debt of $22.8M, giving it net cash of $53.9M. Total assets were $100.1M and shareholders' equity was $72.6M. The company maintains a current ratio of 3.38 and a debt-to-equity ratio of 0.31. In FY2025, operating cash flow was -$44.9M and free cash flow was -$47.9M. Cash use in FY2025 included capital expenditures of $3.0M and share buybacks of $97,522.

At $1.73 on October 16, 2026, KULR carries a market capitalization of $80.1M and an enterprise value of $121.5M. The stock trades at a price-to-sales ratio of 5.0x and an EV-to-revenue multiple of 7.5x, compared to the median price-to-sales of 2.8x for its US-listed Technology peers. Its forward P/E multiple is 128.2x against the peer median of 18.8x. Over the past year, KULR shares fell 61.5% while the S&P 500 (SPY) returned 16.8%. Over five years, KULR fell 89.6% compared to an 83.0% return for the benchmark.

Wall Street analysts hold 2 Strong Buy ratings, 0 Buy ratings, and 0 Hold or Sell ratings on KULR. The mean price target is $7.00, representing 304.6% upside over the last close of $1.73. For the fiscal year ending December 31, 2026, analysts estimate revenue of $10.9M and EPS of -$1.42. For the following fiscal year, 1 analyst estimates revenue of $22.0M and EPS of -$0.53. KULR has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 17, 2026.

This page is an AI-written research summary of KULR Technology Group, Inc. (KULR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KULR income statement, KULR balance sheet, KULR key metrics, KULR analyst forecast, KULR chart. See the KULR stock overview for the latest quote and news.