KULR on NYSE
KULR Technology Group, Inc.
American electronic components and accessories company based in Wilmington. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerKULR on NYSE2
- IndustryElectronic Components & Accessories2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address555 Forge River Road, Webster, Tx 775983
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI213800YUOETJ427AGG252
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O CORPORATIONS & COMPANIES, INC., 19803 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 59060802
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On June 23, 2025, the Company effected a reverse stock split (the “Reverse Stock Split”) of its shares of common stock, par value $0.0001 per share, (“Common Stock”), on the basis of one post-Reverse Stock Split share of Common Stock for every eight pre-Reverse Stock Split shares of Common Stock issued and outstanding, with any fractional shares resulting from the Reverse Stock Split rounded up to the nearest whole share. All references to share and per share amounts (excluding authorized shares), as well as option and warrant amounts and exercise prices, including the condensed consolidated financial statements and accompanying notes, have also been restated to give retroactive effect to the Reverse Stock Split.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
4.8%Gross margin5
-265.9%Operating margin5
-382.8%Net margin5
50.6%Revenue growth, 20255
-50.9%Return on equity5
-$47.9MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Energy Management platform brought in 57% of the revenue KULR Technology Group, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Energy Management platform | $10.7M | $9.1M |
| Mining of Digital Assets | $7.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue29¢$15.4M
- Research and development20¢$10.8M
- Selling, general and admin51¢$27.7M
Out of $16.2M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $16.2M | $10.7M |
| Cost of revenue | $15.4M | $5.3M |
| Gross Profit | $771.0K | $5.5M |
| Research and development | $10.8M | $4.7M |
| Selling, general, and administrative | $27.7M | $16.0M |
| Credit losses on accounts receivable | $2.2M | |
| Impairment of finance lease right-of-use asset | $905.6K | $0 |
| Impairment of property and equipment | $626.0K | $0 |
| Impairment of intangible assets | $202.1K | $0 |
| Impairment of equipment deposits | $1.4M | |
| Total Operating Expenses | $43.8M | $20.7M |
| Loss From Operations | -$43.0M | -$15.2M |
| Change in fair value of digital assets | -$13.8M | -$718.8K |
| Impairment of equity investment | -$3.3M | |
| Credit loss on loan receivable | -$2.1M | |
| Interest income | $563.3K | $10.6K |
| Change in fair value of accrued issuable equity | -$17.1K | -$228.8K |
| Interest expense | -$159.9K | -$209.8K |
| Amortization of debt discount | -$82.9K | -$1.2M |
| Gain on debt extinguishment | $50.0K | $9.8K |
| Total Other Expense, net | -$18.9M | -$2.3M |
| Net Loss | -$61.9M | -$17.5M |
| Net Loss Per Share - Basic (in dollars per share) | -$1.56 | -$0.75 |
| Net Loss Per Share - Diluted (in dollars per share) | -$1.56 | -$0.75 |
| Weighted Average Number of Common Shares Outstanding - Basic (in shares) | 39.7M shares | 23.3M shares |
| Weighted Average Number of Common Shares Outstanding - Diluted (in shares) | 39.7M shares | 23.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $13.3M | $29.8M | ||
| Accounts receivable, net of allowance for credit losses of $1,450,000 and $0 as of December 31, 2025 and 2024, respectively | $2.1M | $2.6M | ||
| Grant receivable | $1.9M | |||
| Inventory | $581.2K | $545.5K | ||
| Inventory deposits | $839.6K | $0 | ||
| Auto-Vibe assets | $5.0M | |||
| Prepaid expenses and other current assets | $1.8M | $1.1M | ||
| Total Current Assets | $25.6M | $34.2M | ||
| Digital assets | $94.0M | $20.3M | ||
| Accounts receivable, non-current portion | $998.8K | $1.4M | ||
| Property and equipment, net | $5.5M | $3.7M | ||
| Equipment deposits | $806.0K | $1.4M | ||
| Security deposits | $39.4K | $48.2K | ||
| Intangible assets, net | $370.9K | $577.1K | ||
| Operating lease right-of-use assets, net | $1.3M | $1.2M | ||
| Finance lease right-of-use asset, net | $0 | $987.9K | $6.2K | |
| Deferred financing costs | $276.7K | $155.5K | ||
| Other non current assets | $102.7K | |||
| Total Assets | $129.0M | $62.9M | ||
| Accounts payable | $3.2M | $2.1M | ||
| Accrued expenses and other current liabilities | $2.6M | $1.2M | ||
| Accrued issuable equity | $420.4K | |||
| Operating lease liabilities, current portion | $366.9K | $493.5K | ||
| Finance lease liability, current portion | $2.5K | |||
| Notes payable, net of discount, current portion | $494.8K | |||
| Deferred revenue | $107.3K | $32.8K | ||
| Total Current Liabilities | $6.3M | $4.7M | ||
| Operating lease liabilities, non-current portion | $1.1M | $818.8K | ||
| Finance lease liability, non-current portion | $3.9K | |||
| Other non-current liabilities | $11.0K | |||
| Total Liabilities | $7.4M | $5.5M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 46,063,172 and 46,041,250 shares issued and outstanding at December 31, 2025, respectively; 33,100,207 and 33,083,812 shares issued and outstanding at December 31, 2024, respectively | $4.6K | $3.3K | ||
| Additional paid-in capital | $267.7M | $141.5M | ||
| Treasury stock, at cost; 21,922 and 16,395 shares held at December 31, 2025 and December 31, 2024, respectively. | -$393.7K | -$296.2K | ||
| Accumulated deficit | -$145.7M | -$83.8M | ||
| Total Stockholders' Equity | $121.6M | $57.4M | -$2.2M | |
| Total Liabilities and Stockholders' Equity | $129.0M | $62.9M | ||
| Allowance for credit losses | $1.4M | $0 | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 46.1M shares | 33.1M shares | ||
| Common stock, shares outstanding | 46.0M shares | 33.1M shares | ||
| Treasury stock, shares | 21.9K shares | 16.4K shares |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $13.3M | $29.8M | ||
| Accounts receivable, net of allowance for credit losses of $1,450,000 and $0 as of December 31, 2025 and 2024, respectively | $2.1M | $2.6M | ||
| Grant receivable | $1.9M | |||
| Inventory | $581.2K | $545.5K | ||
| Inventory deposits | $839.6K | $0 | ||
| Auto-Vibe assets | $5.0M | |||
| Prepaid expenses and other current assets | $1.8M | $1.1M | ||
| Total Current Assets | $25.6M | $34.2M | ||
| Digital assets | $94.0M | $20.3M | ||
| Accounts receivable, non-current portion | $998.8K | $1.4M | ||
| Property and equipment, net | $5.5M | $3.7M | ||
| Equipment deposits | $806.0K | $1.4M | ||
| Security deposits | $39.4K | $48.2K | ||
| Intangible assets, net | $370.9K | $577.1K | ||
| Operating lease right-of-use assets, net | $1.3M | $1.2M | ||
| Finance lease right-of-use asset, net | $0 | $987.9K | $6.2K | |
| Deferred financing costs | $276.7K | $155.5K | ||
| Other non current assets | $102.7K | |||
| Total Assets | $129.0M | $62.9M | ||
| Accounts payable | $3.2M | $2.1M | ||
| Accrued expenses and other current liabilities | $2.6M | $1.2M | ||
| Accrued issuable equity | $420.4K | |||
| Operating lease liabilities, current portion | $366.9K | $493.5K | ||
| Finance lease liability, current portion | $2.5K | |||
| Notes payable, net of discount, current portion | $494.8K | |||
| Deferred revenue | $107.3K | $32.8K | ||
| Total Current Liabilities | $6.3M | $4.7M | ||
| Operating lease liabilities, non-current portion | $1.1M | $818.8K | ||
| Finance lease liability, non-current portion | $3.9K | |||
| Other non-current liabilities | $11.0K | |||
| Total Liabilities | $7.4M | $5.5M | ||
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 46,063,172 and 46,041,250 shares issued and outstanding at December 31, 2025, respectively; 33,100,207 and 33,083,812 shares issued and outstanding at December 31, 2024, respectively | $4.6K | $3.3K | ||
| Additional paid-in capital | $267.7M | $141.5M | ||
| Treasury stock, at cost; 21,922 and 16,395 shares held at December 31, 2025 and December 31, 2024, respectively. | -$393.7K | -$296.2K | ||
| Accumulated deficit | -$145.7M | -$83.8M | ||
| Total Stockholders' Equity | $121.6M | $57.4M | -$2.2M | |
| Total Liabilities and Stockholders' Equity | $129.0M | $62.9M | ||
| Allowance for credit losses | $1.4M | $0 | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 20.0M shares | 20.0M shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 46.1M shares | 33.1M shares | ||
| Common stock, shares outstanding | 46.0M shares | 33.1M shares | ||
| Treasury stock, shares | 21.9K shares | 16.4K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$61.9M | -$17.5M |
| Amortization of debt discount | $82.9K | $1.2M |
| Non-cash operating lease expense | $570.0K | $447.3K |
| Gain on debt extinguishment | -$50.0K | -$9.8K |
| Depreciation and amortization expense | $1.4M | $1.8M |
| Stock-based compensation | $6.5M | $2.7M |
| Credit losses on accounts receivable | $2.2M | |
| Impairment of equity investment | $3.3M | |
| Credit loss on loan receivable | $2.1M | |
| Impairment of finance lease right-of-use asset | $905.6K | $0 |
| Impairment of equipment deposits | $1.4M | |
| Impairment of property and equipment | $626.0K | $0 |
| Impairment of intangible assets | $202.1K | $0 |
| Write down finance lease ROU asset | $1.4K | |
| Change in fair value of accrued issuable equity | $17.1K | $228.8K |
| Change in fair value of digital assets | $13.8M | $718.8K |
| Digital assets received as downtime credits | -$784.2K | |
| Mining of digital assets | -$7.0M | |
| Loss on disposal of property and equipment | $26.5K | |
| Subtotal | $25.3M | $7.1M |
| Accounts receivable | -$3.1M | -$3.2M |
| Auto-Vibe assets | -$5.0M | |
| Inventory | -$35.7K | $603.6K |
| Inventory deposits | -$839.6K | $27.5K |
| Prepaid expenses and other current assets | -$787.0K | -$510.2K |
| Security deposits | $8.7K | -$37.9K |
| Accounts payable | $1.1M | -$708.3K |
| Accrued expenses and other current liabilities | $888.6K | -$2.2M |
| Operating lease liabilities | -$558.6K | -$324.9K |
| Deferred revenue | $74.5K | -$518.3K |
| Subtotal | -$8.3M | -$6.9M |
| Net Cash Used In Operating Activities | -$44.9M | -$17.3M |
| Loan receivable | -$2.1M | |
| Equity investments | -$3.3M | |
| Purchase of intangible assets | -$138.2K | |
| Equipment deposits | -$806.0K | -$22.7K |
| Purchases of property and equipment | -$3.0M | -$573.4K |
| Purchases of digital assets | -$79.7M | -$21.0M |
| Net Cash Used In Investing Activities | -$89.1M | -$21.6M |
| Proceeds from ATM equity financing | $123.2M | $61.9M |
| Issuance costs on ATM equity financing | -$3.1M | -$1.8M |
| Proceeds from loan payable | $8.0M | |
| Repayments of loan payable | -$8.0M | |
| Proceeds from exercise of stock options | $10.8K | $23.5K |
| Proceeds from the SEPA | $9.1M | |
| Proceeds from notes payable | $2.7M | |
| Issuance costs on notes payable | -$166.1K | |
| Repurchase and cancellation of common stock | -$500.0K | |
| Payment of employee tax withholdings from shares withheld | -$448.3K | |
| Purchase of treasury shares | -$97.5K | |
| Payments for deferred financing costs | -$562.0K | -$406.1K |
| Repayments of notes payable | -$577.7K | -$3.3M |
| Repayment of finance lease liability | -$989.8K | -$1.5K |
| Net Cash Provided By Financing Activities | $117.4M | $67.6M |
| Net Increase (Decrease) In Cash | -$16.5M | $28.6M |
| Interest | $159.9K | $62.4K |
| Taxes | $0 | $0 |
| Right-of-use asset for operating lease liability | $691.9K | $1.5M |
| Purchase consideration payable | $594.9K | |
| Deferred financing costs charged to additional paid-in capital | $440.8K | $307.6K |
| Common stock issued in satisfaction of accrued issuable equity | $80.3K | $386.5K |
| Accounts payable and accrued expenses for property and equipment purchases | $24.0K | $45.6K |
| Preferred shares issued for no consideration | $27 | $73 |
| Common shares issued for restricted stock units vested and other common stock issued for services | $30 | $14 |
| Warrants issued in connection with notes payable | $112.9K | |
| Notes payable for property and equipment | $42.8K | |
| Common stock issued pursuant to cashless warrant exercises | -$18 | |
| Restricted stock awards converted to restricted stock units | $27 | |
| Original issue discount on indebtedness | $929.2K | |
| Common stock issued pursuant to Advance Notices in satisfaction of prepaid advance liability and interest | $6.1M | |
| Right-of-use asset for finance lease liability | $987.9K | $7.8K |
| Proceeds from issuance of preferred stock | $0 | $0 |
| Amortization of issuance costs | $440.8K | $250.6K |
No quarter-by-quarter statement was filed.
Leadership
Who has led KULR Technology Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
20202025
- Chief executive officerMichael Mo Jul 26, 2016 to now14
- ChairMichael Mo Jun 11, 2021 to now15
- PresidentTerry Keith Cochran Mar 15, 2021 to Jun 6, 202416
- PresidentJames M. Cassidy Apr 19, 2016 to Apr 19, 201617
- Chief financial officerMichael Philip Kimel Sep 11, 2026 to now18
- Chief financial officerShawn Canter Apr 3, 2023 to Sep 11, 202619
- Chief financial officerSimon P. Westbrook Mar 20, 2018 to Mar 20, 201820
- Chief operating officerTerry Keith Cochran Mar 15, 2021 to Jun 6, 202416
Board members and other officers (18)
- Chief Technology OfficerWilliam Quinn Walker Nov 1, 2022 to now21
- Interim Prin. Fin. Off., TreasGeorge Ernest Henschke Jun 19, 2017 to Jun 19, 201722
- Vice President of EngineeringMichael Gerald Carpenter Jun 19, 2017 to Jan 17, 202523
- Chief Technical OfficerTimothy Ray Knowles Jun 19, 2017 to Jul 3, 202324
- VPJames K. McKillop Apr 19, 2016 to Apr 19, 201625
- Board memberShawn Canter Jan 23, 2026 to now26
- Board memberMichael Philip Kimel May 8, 2026 to now27
- Board memberSteven John Perez Jun 12, 2026 to now28
- Board memberAron I. Schwartz Jun 16, 2025 to now29
- Board memberDonna Haley Grier Apr 12, 2024 to now30
- Board memberJoanna D. Massey Jun 9, 2021 to now31
- Board memberMorio Kurosaki Jun 9, 2021 to Apr 12, 202432
- Board memberStayce Harris Jun 9, 2021 to Jun 9, 202133
- Board memberTimothy Ray Knowles Jun 19, 2017 to Jul 3, 202324
- Board memberJames K. McKillop Apr 19, 2016 to Apr 19, 201634
- Board memberJames M. Cassidy Apr 19, 2016 to Apr 19, 201617
- Board memberMichael Mo Jul 26, 2016 to Dec 30, 202114
- General counselJay Koichi Yamamoto Jun 16, 2025 to now35
Former names
Timeline
Filings
367 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 235 major events, 59 insider forms, 4 large holders, 49 other. The latest 20:
- Sep 30, 20268-K EDGAR
- Sep 11, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 11, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 11, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 11, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 6, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
- Jul 24, 20268-K EDGAR
- Jun 26, 20268-K EDGAR
- Jun 24, 20268-K EDGAR
- Jun 12, 20264 OWNERSHIP DOCUMENT EDGAR
- Jun 12, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 9, 20268-K EDGAR
- May 29, 2026144 EDGAR
- May 28, 2026144 EDGAR
- May 21, 20268-K EDGAR
- May 14, 2026DEF 14C EDGAR
- May 14, 20268-K EDGAR
The 367 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
20 open-market trades by officers, directors and large owners since October 2021: 2 buys and 18 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 3, 2025 | Massey Joanna D.Director | Sale | 10,000 | $5.47 | $54.7K | Form 4 |
| Jun 6, 2024 | Cochran Terry KeithPresident and COO | Sale | 108,079 | $0.29 | $31.3K | Form 4 |
| Jun 5, 2024 | Cochran Terry KeithPresident and COO | Sale | 119,754 | $0.31 | $37.1K | Form 4 |
| Jun 4, 2024 | Cochran Terry KeithPresident and COO | Sale | 150,167 | $0.31 | $46.6K | Form 4 |
| Mar 25, 2024 | Knowles Timothy Ray10% owner | Sale | 361,338 | $0.29 | $104.8K | Form 4 |
| Mar 22, 2024 | Knowles Timothy Ray10% owner | Sale | 460,037 | $0.22 | $101.2K | Form 4 |
| Mar 21, 2024 | Knowles Timothy Ray10% owner | Sale | 510,598 | $0.23 | $117.4K | Form 4 |
| Sep 15, 2023 | Mo MichaelCEO & Chairman of the Board | Buy | 428,571 | $0.35 | $150.0K | Form 4 |
| Jun 29, 2023 | Knowles Timothy Ray10% owner | Sale | 61,756 | $0.62 | $38.3K | Form 4 |
| Jun 28, 2023 | Knowles Timothy Ray10% owner | Sale | 38,244 | $0.64 | $24.5K | Form 4 |
| Apr 3, 2023 | Mo MichaelCEO & Chairman of the Board | Buy | 75,000 | $0.87 | $65.2K | Form 4 |
| Sep 2, 2022 | Knowles Timothy Ray10% owner | Sale | 18,398 | $1.40 | $25.8K | Form 4 |
| Sep 1, 2022 | Knowles Timothy Ray10% owner | Sale | 39,384 | $1.41 | $55.5K | Form 4 |
| Aug 31, 2022 | Knowles Timothy Ray10% owner | Sale | 42,218 | $1.44 | $60.8K | Form 4 |
| Mar 31, 2022 | Cochran Terry KeithPresident and COO | Sale | 90,200 | $2.24 | $202.0K | Form 4 |
| Dec 30, 2021 | Mo MichaelCEO & Chairman of the Board | Sale | 159,500 | $2.89 | $461.0K | Form 4 |
| Dec 29, 2021 | Mo MichaelCEO & Chairman of the Board | Sale | 221,386 | $2.83 | $626.5K | Form 4 |
| Dec 28, 2021 | Mo MichaelCEO & Chairman of the Board | Sale | 202,500 | $2.99 | $605.5K | Form 4 |
| Dec 21, 2021 | Knowles Timothy Ray10% owner | Sale | 37,374 | $2.91 | $108.8K | Form 4 |
| Dec 20, 2021 | Knowles Timothy Ray10% owner | Sale | 92,266 | $2.85 | $263.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 1 filing Jul 29, 202636
- Michael MoSCHEDULE 13D/A, 3 filings Jan 26, 2024 to May 8, 202637
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 90. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARMichael Mo, Chief executive officer
- 15SEC EDGARMichael Mo, Chair
- 16SEC EDGARTerry Keith Cochran, President
- 17SEC EDGARJames M. Cassidy, President
- 18
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- 20
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- 25SEC EDGARJames K. McKillop, VP
- 26SEC EDGARShawn Canter, Board member
- 27SEC EDGARMichael Philip Kimel, Board member
- 28SEC EDGARSteven John Perez, Board member
- 29SEC EDGARAron I. Schwartz, Board member
- 30SEC EDGARDonna Haley Grier, Board member
- 31SEC EDGARJoanna D. Massey, Board member
- 32SEC EDGARMorio Kurosaki, Board member
- 33SEC EDGARStayce Harris, Board member
- 34SEC EDGARJames K. McKillop, Board member
- 35SEC EDGARJay Koichi Yamamoto, General counsel
- 36
- 37