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KULR Technology Group, Inc. KULR R2K

Technology · Electronic Components · United States
https://kulr.ai

KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, designs and builds advanced battery systems for autonomous platforms, digital infrastructure, and e-mobility and space. It provides battery production, internal short circuit battery cells and devices, patented thermal runaway shield technology (“TRS”), phase change material (“PCM”) heatsinks, and KULR SafeCases, and exoskeleton devices. The company also offers space batteries; air batteries; custom battery design; battery solutions, including trigger cells and ISC-D and SafeX Safe storage solutions; thermal solutions, including fiber thermal interface and cathodes; and testing solutions that include cell screening and cycling, module cycling, thermal desktop and SINDA/FLUINT, and abuse testing and calorimetry. Additionally, the company provides KULR VIBE, a software-driven precision balancing and vibration reduction solution designed for rotary systems and Xero VibeFan, an ultimate cooling solution for AI farms, data centres, and server environments. Its technologies are used in space, aerospace, defence, telecom, and other critical infrastructure. KULR Technology Group, Inc. has a strategic collaboration with Robinson Helicopter Company, Inc. to develop battery system for an eR66 battery-electric helicopter demonstrator. The company was formerly known as KT High-Tech Marketing, Inc. and changed its name to KULR Technology Group, Inc. in August 2018. The company was founded in 2013 and is headquartered in Webster, Texas.

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$4.78
-48.93% 1Y

Market & Price

Market Cap
$221.11M
Current Price
$4.78
High / Low (52W)
$10.00 / $2.02
Beta
2.00

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
-
PEG Ratio
-
Book Value
$2.04
Price to Book
2.34
P/S
11.91
EV/EBITDA
-5.70
Dividend Yield
-

Profitability & Returns

ROCE
-50.25%
ROE
-77.30%
ROA
-25.07%
Profit Margin
0.00%
Op Margin
-
EPS (Latest Qtr)
$-0.61
EPS (TTM)
$-1.63

Balance Sheet & Liquidity

Debt/Equity
0.07
Quick Ratio
1.30
Current Ratio
1.69
Debt
$6.36M
Total Assets
$128.97M
Current Assets
$25.56M
Working Capital
$19.28M

Ownership

Promoter Holding
7.75%
Chg in Prom Hold
-
FII / Inst Holding
22.55%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$219.69M
Total Revenue (TTM)
$18.57M
EBITDA
$-38.57M
Free Cash Flow
$-23.50M
Operating Cash Flow
$-43.96M
Shares Outstanding
46.26M
Gross Margin
-0.78%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
59.37%
Profit 5Y
-72.82%
Revenue (YoY)
97.90%
Earnings (YoY)
-

PROS

  • Compounding revenue at 59.4% over 5 years.

CONS

  • Earnings shrank at -72.8% CAGR over 5 years.
  • Trading 52.2% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 KULR KULR Technology Group, Inc. R2K 4.78 - $221.11M - -50.25% -77.30% 59.37% -72.82%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ---------194.95K56.31K526.72K77.50K201.13K136.85K417.90K628.24K600.92K200.50K587.55K1.39M1.76M2.70M3.04M1.75M2.43M--2.45M3.97M6.88M2.86M4.85M
Cost of Revenue ----------------------------2.24M3.26M6.26M3.64M3.43M
Gross Profit 0-1.57K00-45.30K-37.28K78.09K137.62K407.41K133.44K27.76K417.67K47.46K156.39K73.45K142.64K189.04K445.78K77.58K163.87K460.82K643.39K1.00M1.34M510.79K572.63K--206.34K713.71K628.88K-777.96K1.42M
Operating Expenses ----------------------------9.65M9.38M9.37M14.98M8.80M
Operating Income -1.40K-204.00K-198.09K-226.04K-684.10K-839.39K-825.83K-644.40K-215.16K-565.25K-621.05K-267.28K-529.67K-323.14K-810.52K-1.47M-2.89M-3.14M-4.18M-5.16M-4.96M-6.26M-6.08M-5.10M-4.66M-5.33M---9.44M-8.66M-8.74M-15.76M-7.39M
EBITDA -----------------------------18.42M8.44M-6.51M-43.77M-27.81M
Interest Expense ----------------------------93.28K2.12K135.39K12.03K5.44K
Pretax Income -----------------------------18.81M8.14M-6.97M-44.26M-28.12M
Tax Provision ---------------------------------
Net Income -1.40K-203.53K-197.53K-227.82K-690.77K-839.25K-825.85K-644.62K-191.25K-565.69K-621.42K-267.53K-550.25K-428.99K-1.01M-1.71M-3.03M-3.10M-4.14M-5.25M-5.59M-6.60M-6.33M-5.56M-5.01M-5.89M---18.81M8.14M-6.97M-44.26M-28.12M
Diluted EPS ----------------0.02-0.06-0.03-0.04-0.05-0.05-0.06-0.05-0.05-0.04-0.26-0.08--0.540.22-0.17--0.61
R&D Expense -2.08K14.09K13.18K36.45K157.88K119.68K119.01K161.19K129.49K114.55K137.97K111.71K57.99K51.82K122.98K352.74K481.86K721.35K999.48K1.07M1.81M1.92M1.82M954.62K1.31M1.23M-2.45M2.44M2.32M-1.77M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --1.27M830.40K623.97K-3.99M9.83M10.74M16.17M
Cost of Revenue ------1.63M6.16M5.25M15.40M
Gross Profit -84978.97K937.37K603.89K436.06K-2.36M3.67M5.48M770.97K
Operating Expenses ------20.65M26.08M20.72M42.81M
Operating Income -823.71K-2.41M-2.08M-1.98M-2.34M--18.29M-22.41M-15.23M-42.04M
EBITDA -------17.73M-20.03M-14.36M-60.26M
Interest Expense ------1.45M1.45M1.36M242.82K
Pretax Income -------19.44M-23.69M-17.52M-61.90M
Tax Provision ----------
Net Income -822.33K-2.42M-2.06M-1.98M-2.85M--19.44M-23.69M-17.52M-61.90M
Diluted EPS -----0.03--1.44-1.60-0.75-1.56
R&D Expense 29.40K361.23K508.14K502.23K289.77K1.66M4.20M7.14M4.74M10.76M

Compounded Sales Growth

5 Years:59.37%
1 Year:97.90%

Compounded Profit Growth

5 Years:-72.82%
1 Year:-

Stock Price Performance

1 Year:-48.93%
6 Months:+88.19%
3 Months:+70.11%
1 Month:+98.34%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Sep 2023Dec 2023Dec 2024Dec 2025
Total Assets -164.53K1.22M451.11K236.77K9.21M-23.63M-10.86M62.93M128.97M
Current Assets -------15.74M-3.90M34.16M25.56M
Cash & Equivalents 138.75K9.09K895.76K229.90K108.86K8.88M-10.33M-1.19M29.83M13.30M
Inventory -------1.96M-1.15M545.47K581.16K
Receivables -------1.54M-901.67K2.65M2.08M
Total Liabilities 3.75K237.49K--1.03M3.09M-13.13M-13.05M5.50M7.36M
Current Liabilities 3.75K431.69K480.31K576.24K1.03M2.95M-9.68M-6.90M4.67M6.28M
Long Term Debt ---------250.00K10.97K-
Total Debt -------321.60K-352.19K1.82M1.45M
Total Equity -30.75K-267.16K739.71K-125.14K-796.97K6.12M-10.49M1.20M-2.18M57.43M121.61M
Shares Outstanding -------14.15M-16.75M33.10M46.06M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -594.67K-1.01M-1.36M-1.19M-2.73M--17.35M-11.97M-17.34M-44.88M
Investing Cash Flow -85.00K1.89M-16.61K0-46.09K--4.65M-1.05M-21.60M-89.08M
Financing Cash Flow 550.00K0709.86K1.07M11.55M-17.47M3.87M67.57M117.44M
Capital Expenditure -0-51.83K-16.61K-0-46.09K--4.65M-1.05M-596.18K-3.93M
Free Cash Flow -594.67K-1.06M-1.38M-1.19M-2.78M--22.00M-13.01M-17.94M-48.81M
Net Change in Cash -------4.53M-9.14M28.64M-16.53M
Share Buybacks -------229.25K500.00K97.52K

Ratios (Annual)

Figures in %.

Metric Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --73.6%72.7%69.9%-59.2%37.3%51.1%4.8%
Operating Margin % ---163.4%-238.4%-375.1%--457.8%-228.0%-141.9%-260.0%
Net Margin % ---161.6%-238.4%-456.8%--486.6%-241.0%-163.2%-382.8%
ROE % 307.8%-327.8%1,644.8%248.4%-46.6%--185.2%1,085.5%-30.5%-50.9%
ROCE % 308.3%-326.3%1,663.4%248.4%-37.4%--131.1%-565.2%-26.1%-34.3%

Shareholding Pattern

Insiders
7.75%
Institutions
22.55%
Public Float
24.45%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 5.80% 2.68M $12.83M
2 Vanguard Capital Management LLC 4.01% 1.85M $8.86M
3 Geode Capital Management, LLC 2.05% 949.82K $4.54M
4 Bank of America Corporation 1.53% 705.50K $3.37M
5 State Street Corporation 1.37% 634.38K $3.03M
6 UBS Group AG 0.86% 399.10K $1.91M
7 Goldman Sachs Group Inc 0.70% 321.52K $1.54M
8 Northern Trust Corporation 0.65% 300.67K $1.44M
9 Arosa Capital Management LP 0.65% 300.00K $1.43M
10 Susquehanna International Group, LLP 0.60% 279.62K $1.34M

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