KULRNYSEElectronic Components & AccessoriesFiscal year ends December 31
KULR Technology Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$1.80+0.07 (+4.05%)
Close on Oct 19, 2026
- Market cap
- $83.35M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
4.8%−65.1 pts over 5 years
Operating margin
-265.9%+109.2 pts over 5 years
Net margin
-382.8%+74.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +50.6% | +59.4% | +91.7% | – | |
| Gross profit | -85.9% | -31.2% | +12.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 552.1% | -107.1% | -69.1% | |
| Return on assets | – | -60.4% | -64.5% | |
| Current ratio | 0.38 | 3.10 | 4.07 | |
| Interest coverage | – | – | -268.8× | |
| Inventory turnover | – | 4.6× | 27.3× | |
| Capex to revenue | 0.0% | 7.4% | 18.5% | |
| Diluted shares | 5M | 10M | 40M |
Where the cash went
Fiscal 2021 to 2025, five years combined
KULR Technology generated $98.35M from operations and spent $7.72M on capital expenditure, dividends and share buybacks. 89% of that went back into the business.
Generated
$98.35M
Used
$7.72M
Capital expenditure$6.89M89%Dividends$00%Share buybacks$826.77K11%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-382.8%
×Asset turnover0.17×
×Equity multiplier1.07×
=Return on equity, FY2025-69.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -382.8% | 0.17× | 1.07× | -69.1% |
| FY2024 | -163.2% | 0.29× | 1.34× | -63.4% |
| FY2023 | -241.0% | 0.57× | 4.15× | -570.2% |
| FY2022 | -486.6% | 0.19× | 1.60× | -144.7% |
| FY2021 | -493.7% | 0.17× | 1.26× | -106.0% |
| FY2020 | -456.8% | 0.13× | 1.77× | -107.1% |
| FY2019 | -238.4% | 2.41× | -0.75× | 429.4% |
| FY2018 | -161.6% | 1.52× | 2.72× | -669.8% |
| FY2017 | -1029.1% | 0.34× | 2.93× | -1026.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$61.90M
- Cash generatingOperating cash flow above zero-$44.88M
- Return on assets improvedROA up on the prior year-161.3% → -98.4%
- Earnings backed by cashOperating cash flow above net income-$44.88M vs -$61.90M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose7.32 → 4.07
- No dilutionShare count did not rise23M → 40M
- Gross margin improvedGross margin up on the prior year51.07% → 4.77%
- More efficientAsset turnover rose0.99 → 0.26