Kulr Technology Group, Inc. income statement
In fiscal 2025, Kulr Technology Group, Inc. reported revenue of $16.2m, up 50.6% on the year before, operating income of −$43.0m (a -265.9% margin) and net income of −$61.9m, or −$1.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 1 | 1 | 2 | 4 | 10 | 11 | 16 | 16 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 6 | 5 | 15 | 16 |
| Gross profit | −0 | 0 | 1 | 1 | 0 | 1 | 2 | 4 | 5 | 1 | −0 |
| Research and development | 0 | 0 | 1 | 1 | 0 | 2 | 4 | 7 | 5 | 11 | 11 |
| Selling, general and administrative | 0 | 2 | 3 | 2 | 2 | 11 | 16 | 19 | 16 | 28 | 27 |
| Operating income | −1 | −2 | −2 | −2 | −2 | −12 | −18 | −22 | −15 | −43 | −43 |
| Interest expense | 0 | 0 | — | — | — | — | 0 | 1 | 0 | 0 | 0 |
| Income before tax | −1 | −2 | — | — | — | — | — | — | −18 | −62 | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Net income | −1 | −2 | −2 | −2 | −3 | −12 | −19 | −24 | −18 | −62 | −102 |
| Diluted EPS | −$0.16 | −$0.04 | −$0.03 | −$0.02 | −$0.03 | −$0.15 | −$0.18 | −$0.20 | −$0.75 | −$1.56 | −$2.29 |
| Diluted shares (average) | 5m | 8m | 10m | 10m | 10m | 12m | 13m | 15m | 23m | 40m | 45m |
| EBITDA | −1 | −2 | −2 | −2 | −2 | −11 | −18 | −20 | −13 | −42 | −41 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 2 | 4 | 7 | 3 | 4 | 2 |
| Cost of revenue | 1 | 1 | 2 | 3 | 6 | 4 | 3 | 3 |
| Gross profit | 2 | 2 | 0 | 1 | 1 | −1 | 1 | −1 |
| Research and development | 1 | 1 | 2 | 2 | 2 | 4 | 2 | 3 |
| Selling, general and administrative | 3 | 4 | 7 | 7 | 6 | 8 | 7 | 6 |
| Operating income | −2 | −4 | −9 | −9 | −9 | −15 | −7 | −11 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −2 | −5 | −19 | 8 | −7 | −44 | −29 | −22 |
| Diluted EPS | −$0.08 | −$0.15 | −$0.54 | $0.22 | −$0.17 | −$1.09 | −$0.63 | −$0.47 |
| EBITDA | −1 | −3 | −9 | −9 | −8 | −15 | −7 | −11 |
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