KULR Technology Group Inc
kulr.aiWhat Do They Do?
Builds advanced battery systems for space and defense, drones and electric aviation, and grid and data-center customers.
10-K for FY2025, filed Mar 31, 2026Overview KULR designs and builds advanced battery systems for autonomous platforms, digital infrastructure, e-mobility and Space – sold as…View ↗
Through the KULR ONE® platform, KULR delivers custom, domain-specific battery systems across space, defense, aviation, grid, and subsea…View ↗
KULR ONE® Air (K1A) – Purpose-built aviation battery systems engineered for both unmanned and manned platforms, including UAS, tactical…View ↗
KULR ONE® Max (K1M) – High-capacity battery systems for grid storage, UPS systems, data center backup, and large-scale power…View ↗
How Do They Make Money?
Product sales typically have 30-60 day payment terms; contract work and IP licenses may be delivered at once or over time. Mining pool operators reward KULR with digital assets for computing power, based on daily mining.
10-K for FY2025, filed Mar 31, 2026The Company’s sales contracts typically have 30-60 day payment terms. For sales contracts with payment terms of more than one year, the…View ↗
Product sales – Revenue is recognized at the point in time the customer obtains control of the goods and the Company satisfies its…View ↗
Contract services – Revenue is recognized pursuant to the terms of each individual contract when the Company satisfies the respective…View ↗
IP license – Revenue is recognized pursuant to the type of intellectual property (“IP”) being licensed for each individual contract when…View ↗
Mining of digital assets – The Company has entered into lease agreements with a digital assets mining services company to operate digital…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by reportable segment ↗
$16.2M
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10-K for FY2025, filed Mar 31, 2026
$16.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Energy Management Platform
|
57% |
Energy Management Platform, FY2025
$9.1M Sources
|
|
|
Mining of digital assets
Usage-based
10-K for FY2025, filed Mar 31, 2026 |
43% |
Mining of digital assets, FY2025
$7M Sources
|
Usage-based |
Who Are Their Customers?
KULR sells directly to key accounts and also works through representatives, distributors and strategic partners, serving aerospace and defense, aviation and drone, and grid and data-center customers.
10-K for FY2025, filed Mar 31, 2026The Company employs a multi-faceted approach to market and sell its innovative products and solutions, leveraging both direct sales and…View ↗
Looking ahead, we are aggressively expanding our direct sales and marketing teams to deepen key account coverage while supporting a robust…View ↗
Through the KULR ONE® platform, KULR delivers custom, domain-specific battery systems across space, defense, aviation, grid, and subsea…View ↗
KULR ONE® Air (K1A) – Purpose-built aviation battery systems engineered for both unmanned and manned platforms, including UAS, tactical…View ↗
KULR ONE® Max (K1M) – High-capacity battery systems for grid storage, UPS systems, data center backup, and large-scale power…View ↗
Do Revenues Turn Into Profits?
No. It lost $61.9M in FY2025.
10-K for FY2025, filed Mar 31, 2026
−$43MView ↗
10-K for FY2025, filed Mar 31, 2026
−$61.9MView ↗
10-K for FY2025, filed Mar 31, 2026
−$47.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$22MView ↗
- ▼ Now a loss
- vs $8.1M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
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Aug 13, 2026
Exits bitcoin mining
Management said it had exited Bitcoin mining after quarter-end.
Sources
8-K, filed Aug 13, 2026
KULR Chief Financial Officer Mike Kimel commented, “During the second quarter of 2026, we continued sharpening our focus on KULR’s core…View ↗
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Jun 9, 2026
Appoints Michael Kimel as CFO
Dr. Kimel was appointed Chief Financial Officer.
Sources
8-K, filed Jun 9, 2026
Effective June 9, 2026, the Company appointed Dr. Kimel as Chief Financial Officer of the Company. Dr. Kimel has served as a member of the…View ↗
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May 21, 2026
Shawn Canter resigns as CFO
Shawn Canter resigned from his Chief Financial Officer position.
Sources
8-K, filed May 21, 2026
On May 21, 2026, KULR Technology Corporation, a wholly owned subsidiary of KULR Technology Group, Inc. (the “Company”), entered into a…View ↗
Growing. Revenue grew 6.7x in 4 years, from $2.4M in FY2021 to $16.2M in FY2025, about 61% a year.
More integrated battery systems
The older report describes an energy-management platform spanning thermal technology, battery software, vibration tools and reusable modules; the latest emphasizes modular battery systems and in-house design, testing and manufacturing.
10-K for FY2022, filed Mar 28, 2023 10-K for FY2025, filed Mar 31, 2026KULR Technology Group, Inc., through our wholly owned subsidiary KULR Technology Corporation, develops and commercializes an energy…View ↗
Added Bitcoin mining
The older business description focuses on energy-management technologies; the latest also describes mining digital assets as a revenue-generating activity.
10-K for FY2022, filed Mar 28, 2023 10-K for FY2025, filed Mar 31, 2026KULR Technology Group, Inc., through our wholly owned subsidiary KULR Technology Corporation, develops and commercializes an energy…View ↗
Beginning in March 2025, the Company expanded its bitcoin treasury strategy to include BTC mining operations. Management determined that…View ↗
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