KULR Technology Group, Inc. (KULR) Income Statement
KULR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKULR revenue and net income
Where KULR's revenue goes
2025Each bar shows an amount and its share of revenue. KULR kept −382.8% of revenue as net income.
KULR profit margins
KULR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +50.6% | +59.4% | +91.7% | +133.9% |
| Gross profit | −85.9% | −31.2% | +12.1% | +101.0% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KULR quarterly EPS vs estimates
KULR Technology beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 17, 2026.
KULR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2M | $10.7M | $9.8M | $4.0M | $2.4M | $623,965 | $830,398 | $1.3M | $235,584 | $6,900 |
| Cost of revenue | $15.4M | $5.3M | $6.2M | $1.6M | $1.1M | $187,903 | $226,505 | $336,654 | $156,609 | $7,750 |
| Gross profit | $770,972 | $5.5M | $3.7M | $2.4M | $1.3M | $436,062 | $603,893 | $937,374 | $78,975 | −$850 |
| Research & development | $10.8M | $4.7M | $6.2M | $4.2M | $1.7M | $289,772 | $502,225 | $508,144 | $801,055 | $424,730 |
| Sales, general & admin | $27.7M | $16.0M | $19.9M | $16.7M | $11.2M | $2.5M | $2.1M | $2.5M | $1.7M | $398,130 |
| Total operating expenses | $42.8M | $20.7M | $26.1M | $20.7M | $12.8M | $2.8M | $2.6M | $3.0M | $2.5M | $35,020 |
| Operating income | −$42.0M | −$15.2M | −$22.4M | −$18.3M | −$11.5M | −$2.3M | −$2.0M | −$2.1M | −$2.4M | −$35,020 |
| Interest income | $563,271 | $10,575 | $0 | — | — | — | — | — | $1,592 | $4 |
| Interest expense | $242,822 | $1.4M | $1.4M | $1.4M | $131,534 | $507,070 | $1,580 | $826 | $12,556 | $4 |
| Income before taxes | −$61.9M | −$17.5M | −$23.7M | −$19.4M | −$11.9M | −$2.9M | −$2.0M | −$2.1M | −$2.4M | −$35,016 |
| Income taxes | — | −$17.5M | −$5 | $1.2M | $5,713 | $504,476 | $2,680 | $25,001 | $800 | $800 |
| Net income | −$61.9M | −$17.5M | −$23.7M | −$19.4M | −$11.9M | −$2.9M | −$2.0M | −$2.1M | −$2.4M | −$35,016 |
| EBITDA | −$60.3M | −$14.4M | −$20.0M | −$17.7M | −$11.7M | −$2.3M | −$2.0M | −$2.0M | −$2.4M | −$34,360 |
| EPS (diluted) | −$1.56 | −$0.66 | −$1.32 | −$0.88 | −$1.06 | −$0.25 | −$0.07 | −$0.02 | −$0.04 | $0.00 |
| Gross margin | 4.8% | 51.1% | 37.3% | 59.2% | 54.3% | 69.9% | 72.7% | 73.6% | 33.5% | −12.3% |
| Operating margin | −260.0% | −141.9% | −228.0% | −457.8% | −477.2% | −375.1% | −238.4% | −163.4% | −1,024.2% | −507.5% |
| Net margin | −382.8% | −163.2% | −241.0% | −486.6% | −493.7% | −456.8% | −238.7% | −161.6% | −1,029.1% | −507.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M | $4.8M | $2.9M | $6.9M | $4.0M | $2.4M | $3.4M | $3.2M | $2.4M | $1.7M | $2.3M | $3.0M |
| Cost of revenue | $2.7M | $3.4M | $3.6M | $6.3M | $3.3M | $2.2M | $1.2M | $928,326 | $1.9M | $1.2M | $1.7M | $1.7M |
| Gross profit | −$638,933 | $1.4M | −$777,963 | $628,880 | $713,710 | $206,345 | $2.1M | $2.3M | $572,628 | $510,789 | $682,826 | $1.3M |
| Research & development | $3.0M | $1.8M | $3.5M | $2.3M | $2.4M | $2.4M | $1.2M | $1.2M | $1.3M | $954,625 | $1.3M | $1.8M |
| Sales, general & admin | $6.3M | $6.5M | $7.9M | $6.3M | $6.9M | $7.2M | $4.4M | $2.7M | $4.6M | $2.5M | $4.3M | $4.8M |
| Total operating expenses | $10.6M | $8.8M | $15.0M | $9.4M | $9.4M | $9.7M | $5.7M | $4.0M | $5.9M | $5.2M | $7.3M | $6.4M |
| Operating income | −$11.2M | −$7.4M | −$15.8M | −$8.7M | −$8.7M | −$9.4M | −$3.5M | −$1.7M | −$5.3M | −$4.7M | −$5.0M | −$5.1M |
| Interest income | $47,476 | $38,487 | $95,464 | $130,408 | $168,975 | $168,424 | — | $0 | $0 | $0 | — | — |
| Interest expense | $229,047 | $5,441 | $12,033 | $135,390 | $2,124 | $93,275 | $186,063 | $306,901 | $560,733 | $307,782 | $208,262 | $422,473 |
| Income before taxes | −$22.0M | −$28.1M | −$44.3M | −$7.0M | $8.1M | −$18.8M | −$4.6M | −$2.0M | −$5.9M | −$5.0M | −$5.2M | −$5.6M |
| Income taxes | — | — | — | — | — | — | −$3 | — | −$2 | $3 | — | $379,700 |
| Net income | −$22.0M | −$28.1M | −$44.3M | −$7.0M | $8.1M | −$18.8M | −$4.6M | −$2.0M | −$5.9M | −$5.0M | −$5.2M | −$5.6M |
| EBITDA | −$350,688 | −$27.8M | −$43.8M | −$6.5M | $8.4M | −$18.4M | −$4.2M | −$1.4M | −$4.8M | −$4.0M | — | −$4.5M |
| EPS (diluted) | −$0.24 | −$0.61 | — | −$0.17 | $0.26 | −$0.04 | −$0.02 | −$0.08 | −$0.24 | −$0.32 | −$0.04 | −$0.40 |
| Gross margin | −30.7% | 29.2% | −27.2% | 9.1% | 18.0% | 8.4% | 63.6% | 70.9% | 23.5% | 29.2% | 29.3% | 44.0% |
| Operating margin | −538.6% | −152.4% | −550.3% | −126.9% | −218.1% | −385.7% | −105.1% | −53.7% | −219.0% | −266.2% | −213.1% | −167.6% |
| Net margin | −1,056.2% | −580.2% | −1,545.5% | −101.3% | 204.9% | −768.1% | −137.1% | −62.9% | −242.2% | −286.4% | −222.5% | −182.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KULR's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KULR financial results
In fiscal year 2025 (ended December 31, 2025), KULR Technology reported revenue of $16.2 million, up 50.6% from the year before. It had a net loss of $61.9 million, a net profit margin of −382.8%. Diluted earnings per share came to −$1.56. Over five years revenue grew at an average rate of 91.7% a year.
See the KULR stock overview for the latest quote and news, or the KULR chart for price history and technical indicators.
KULR income statement FAQ
What is KULR Technology's annual revenue?
KULR Technology reported total revenue of $16.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 50.6% from $10.7 million the previous year.
Is KULR Technology profitable?
No. KULR Technology reported a net loss of $61.9 million in fiscal 2025, a net profit margin of −382.8%; its operating margin was −260.0%.
What is KULR Technology's gross margin?
KULR Technology's gross margin was 4.8% in fiscal 2025: for every $100 of revenue, KULR Technology kept $5 after the direct cost of its products and services.
How much does KULR Technology spend on research and development?
KULR Technology spent $10.8 million on research and development in fiscal 2025, 66.5% of revenue.
How fast is KULR Technology growing?
Revenue grew 91.7% a year on average over the last five fiscal years, from $0.6 million to $16.2 million.
What are KULR Technology's earnings per share?
KULR Technology earned $-1.56 per diluted share in fiscal 2025, compared with $-0.66 a year earlier.
When will KULR Technology report its next earnings?
KULR Technology is expected to report results for the quarter ending September 30, 2026 on November 17, 2026.
When does KULR Technology's fiscal year end?
KULR Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.