Saturday 17 October 2026 Export KULR’s income statement to Excel — free account

KULR Technology Group, Inc.

KULR Technology Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.2 million, up 50.6% from fiscal 2024. In the quarter to June 2026, revenue fell 43.1%, EPS fell 313.6%, free cash flow grew 75.4% and total debt rose 128,105.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

1.73 0.13 −6.99%

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Market cap: $86.1M
P/E: 0.0×
Fwd P/E: −6.9×
Dividend yield: —
F-score: 2/9
Altman Z: 7.21
Beneish M: 3.05
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 7.87%

Capital & Financial Ratios $m

Market Cap 86.08

Revenue 17.00

Net Income (102.23)

Free Cash Flow (46.03)

Net Debt (12.93)

Current Ratio 3.38

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (6.93)

P/S ratio 4.71

P/B ratio 1.10

Past 5Y EPS Growth —

This Y EPS Growth 8.97%

Next Y EPS Growth 62.68%

Next Y revenue growth (32.41%)

Next 5Y EPS Growth 26.15%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.43%

10-year low 10-year high

P/B against its own 10 years 6.43%

10-year low 10-year high

EV/Sales against its own 10 years 5.39%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	30	13	13
Receivables	1	3	4	3
Inventory	1	1	1	2
Other	0	—	6	64
	4	34	26	85

	2023	2024	2025	Q'26
Payables	3	2	3	2
ST’ Debt	—	—	—	—
Other	—	—	—	—
	7	5	6	25

Compound Annual Growth %

	10y	5y	3y
Sales	—	91.74%	59.37%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	81.83%	126.30%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	2	—	—	—
’25	2	4	7	3	16
’24	2	2	3	3	11
’23	2	3	3	2	10
’22	0	1	1	2	4
’21	0	1	1	1	2
’20	0	0	0	0	1

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(9)	(9)	—	—	—
’25	(10)	(12)	(10)	(14)	(45)
’24	(4)	(5)	(3)	(5)	(17)
’23	(5)	(5)	(1)	(1)	(12)
’22	(5)	(4)	(4)	(4)	(17)
’21	(2)	(2)	(1)	(1)	(7)
’20	(1)	(1)	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(9)	—	—	—
’25	(54)	(37)	(20)	(17)	(129)
’24	(4)	(5)	(3)	(26)	(39)
’23	(5)	(6)	(1)	(1)	(13)
’22	(5)	(5)	(7)	(4)	(21)
’21	(2)	(2)	(3)	(1)	(7)
’20	(1)	(1)	(1)	(1)	(3)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.61)	(0.47)	—	—	—
’25	(0.56)	0.22	(0.17)	(0.97)	(1.56)
’24	(0.32)	(0.24)	(0.08)	(0.16)	(0.72)
’23	(0.48)	(0.40)	(0.40)	(0.32)	(1.60)
’22	(0.32)	(0.40)	(0.40)	(0.32)	(1.44)
’21	(0.16)	(0.48)	(0.24)	(0.32)	(1.20)
’20	(0.05)	(0.04)	(0.10)	(0.08)	(0.28)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	8.80	8.80	4.40	9.52	8.16	1.44	0.80	2.15	Analyst estimates 2026–2028 Powerpack
	High	—	—	40.00	32.00	29.60	30.48	24.96	13.44	43.92	31.84
People
People	Employees	—	—	12	11	9	52	62	57	52	47
	Revenue/emp, $m	0.00	0.00	0.11	0.08	0.07	0.05	0.06	0.17	0.21	0.34
Income, $m
Income, $m	Revenue	0	0	1	1	1	2	4	10	11	16
	Gross margin, %	(11.59)	33.53	73.58	72.72	69.89	54.32	59.18	37.29	51.07	4.77
	EBT	(1)	(2)	(2)	(2)	(3)	(12)	(19)	(24)	(18)	(62)
	EBT margin, %	(11,905.80)	(1,029.07)	(161.55)	(238.42)	(456.75)	(493.65)	(486.57)	(241.03)	(163.20)	(382.80)
	Net income	(1)	(2)	(2)	(2)	(3)	(12)	(19)	(24)	(18)	(62)
	Depreciation	0	0	0	0	1	0	1	3	3	1
Per share, $
Per share, $	Revenue	0.00	0.03	0.13	0.08	0.06	0.20	0.30	0.67	0.46	0.41
	Earnings	(0.02)	(0.30)	(0.21)	(0.20)	(0.26)	(1.20)	(1.44)	(1.60)	(0.72)	(1.56)
	Cash flow	(0.01)	(0.13)	(0.14)	(0.12)	(0.27)	(0.57)	(1.31)	(0.81)	(0.74)	(1.13)
	Capex	0.00	(0.01)	0.00	0.00	0.00	(0.05)	(0.24)	(0.07)	(0.93)	(2.11)
	Free cash flow	(0.01)	(0.13)	(0.14)	(0.12)	(0.27)	(0.62)	(1.56)	(0.88)	(1.67)	(3.23)
	Book value	(0.01)	0.09	(0.01)	(0.08)	0.60	1.37	0.79	(0.15)	2.46	3.06
	Shares, m	43	8	10	10	10	12	13	15	23	40
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.00	0.00	158.45	144.73	193.28	109.53	32.00	2.16	61.69	7.27
	P/B	156.93	156.93	0.00	0.00	19.71	16.15	12.18	0.00	11.53	0.97
	EV/Sales	0.00	0.00	158.27	144.60	179.30	103.60	29.50	2.08	58.93	6.68
	EV/FCF	(64.51)	(64.51)	(144.94)	(99.66)	(40.29)	(34.77)	(5.88)	(1.57)	(16.25)	(0.84)
Cash, $m
Cash, $m	Operating cash flow	(1)	(1)	(1)	(1)	(3)	(7)	(17)	(12)	(17)	(45)
	Capex	—	0	0	—	0	(1)	(3)	(1)	(22)	(84)
	Free cash flow	(1)	(1)	(1)	(1)	(3)	(7)	(21)	(13)	(39)	(129)
Balance, $m
Balance, $m	Working capital	0	1	0	(1)	6	13	6	(3)	29	19
	Total debt	0	0	—	—	0	1	0	0	0	—
	Net debt	0	(1)	0	0	(9)	(14)	(10)	(1)	(30)	(13)
	Shareholders’ equity	0	1	0	(1)	6	16	10	(2)	57	122
Returns, %
Returns, %	ROA	(118.79)	(350.23)	(246.33)	(575.61)	(60.39)	(102.22)	(90.70)	(137.39)	(47.49)	(64.51)
	ROIC	0.00	0.00	0.00	0.00	0.00	(348.50)	(4,428.03)	0.00	(34.50)	(24.81)
	ROE	(348.06)	(1,026.24)	(669.77)	429.41	(107.18)	(129.30)	(144.73)	(570.17)	(63.44)	(69.15)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OPTX Syntec Optics Holdings, Inc.	$279.1M	— (loss-making)	—	+26.14% (above 0%: growing)	n/m	−96.13% (below 0%: shrinking)	25.90%	3.88%	Compare
KULR KULR Technology Group, Inc.	$86.1M	— (loss-making)	— (loss-making)	−43.05% (below 0%: shrinking)	n/m	+75.36% (above 0%: growing)	(30.71%)	(538.63%)
CPSH CPS Technologies Corp.	$69.6M	— (loss-making)	168×	+2.85% (above 0%: growing)	−71.83% (below 0%: shrinking)	−601.34% (below 0%: shrinking)	14.79%	(3.11%)	Compare
WBX Wallbox N.V.	$65.7M	—	—	—	n/m	+6,958.18% (above 0%: growing)	39.84%	(47.80%)	Compare
LINK Interlink Electronics, Inc.	$65.1M	— (loss-making)	— (loss-making)	+10.43% (above 0%: growing)	+130.88% (above 0%: growing)	−100.70% (below 0%: shrinking)	44.35%	6.53%	Compare
DSWL Deswell Industries, Inc.	$48.5M	5.3×	—	−5.16% (below 0%: shrinking)	n/m	+833.46% (above 0%: growing)	19.51%	0.00%	Compare
ELTK Eltek Ltd.	$45.6M	— (loss-making)	8.4×	−7.94% (below 0%: shrinking)	n/m	+94.44% (above 0%: growing)	(8.36%)	(22.07%)	Compare
HOLO MicroCloud Hologram Inc.	$31.2M	— (loss-making)	—	−41.61% (below 0%: shrinking)	n/m	+320.35% (above 0%: growing)	49.85%	0.00%	Compare
DAIO Data I/O Corporation	$27.9M	— (loss-making)	— (loss-making)	−13.43% (below 0%: shrinking)	n/m	−397.95% (below 0%: shrinking)	57.00%	(14.06%)	Compare
Median of peers	$56.8M	—	—	−5.16%	—	−0.85%	32.87%	(1.55%)

All 49 Electronic Components stocks →

KULR Technology Group, Inc. (KULR) key facts

Strength: KULR Technology Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.2 million, up 50.6% from fiscal 2024.
KULR Technology Group, Inc. (KULR) is an Electronic Components company in the Technology sector, listed on NYSE American.
As of October 16, 2026, KULR traded at $1.73, a market capitalization of $86.1 million.
Return on equity was −69.2% and debt-to-equity 0.00.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 7.21 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.