KULR Technology Group (NYSEAMERICAN:KULR) Issues Quarterly Earnings Results, Misses Estimates By $1.01 EPS

Key Points

• KULR missed quarterly estimates, reporting ($1.09) EPS vs. a ($0.08) consensus (a $1.01 miss) and revenue of $2.86M vs. $4.40M, with negative return on equity and a -133.47% net margin.
• The company reported a roughly $62 million net loss for 2025, driven by about $33M of non‑cash items (including a ~$13.8M Bitcoin mark‑to‑market hit and a ~$6.9M write‑off); KULR still holds ~1,082 BTC and has not sold any coins.
• Management is refocusing on scaling the core battery business—citing $7.3M of 2025 battery platform revenue as a baseline—and expects margins to improve as programs move to volume and an automated production line and customer ramp (including KULR ONE Air with two drone customers targeting ~10,000 packs/month) come online in H2 2026.

KULR Technology Group (NYSEAMERICAN:KULR - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($1.09) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($1.01), FiscalAI reports. The company had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.40 million. KULR Technology Group had a negative return on equity of 27.94% and a negative net margin of 133.47%.

Here are the key takeaways from KULR Technology Group's conference call:

• KULR reported a ~$62 million net loss for 2025, driven largely by ~$33 million of non‑cash items (including a ~$13.8M Bitcoin mark‑to‑market adjustment and a ~$6.9M write‑off of a distribution partner); the company still holds approximately 1,082 BTC and has not sold any coins.
• Management is refocusing on scaling the core battery business — citing $7.3M of 2025 battery platform revenue as the baseline — and expects gross margins to improve as programs move from prototype to volume and an automated production line comes online in H2 2026.
• KULR ONE Air is the clearest near‑term growth driver with >20 active customer engagements, thousands of packs shipped, and two leading drone customers targeting roughly 10,000 packs per month in the second half of 2026.
• The company has won strategic commercial and standards engagements — a five‑year preferred supply agreement with Caban Energy (production started), OCP platinum membership and a joint cell development for AI PBU (commercial revenue expected later, likely 2027), and an NDAA‑compliant collaboration with Hylio — all of which broaden market exposure but carry multi‑quarter qualification timelines.

KULR Technology Group Stock Performance

NYSEAMERICAN:KULR traded up $0.20 on Tuesday, hitting $2.37. 1,962,618 shares of the stock were exchanged, compared to its average volume of 1,010,070. KULR Technology Group has a 52 week low of $2.10 and a 52 week high of $14.24. The stock has a market capitalization of $108.24 million, a price-to-earnings ratio of -3.54 and a beta of 1.96. The company's 50-day moving average price is $2.98 and its 200 day moving average price is $3.49.

Institutional Investors Weigh In On KULR Technology Group

Several institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in KULR Technology Group in the fourth quarter valued at approximately $1,900,000. Goldman Sachs Group Inc. grew its holdings in KULR Technology Group by 81.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company's stock worth $1,290,000 after acquiring an additional 438,526 shares during the period. Arosa Capital Management LP bought a new stake in shares of KULR Technology Group during the 4th quarter valued at $888,000. Jump Financial LLC bought a new stake in shares of KULR Technology Group during the 4th quarter valued at $613,000. Finally, Vanguard Group Inc. lifted its stake in shares of KULR Technology Group by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,981,975 shares of the company's stock valued at $8,245,000 after purchasing an additional 177,617 shares during the period. Institutional investors and hedge funds own 21.23% of the company's stock.

About KULR Technology Group

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.

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