For the year ending 2025-12-31, KULR had -$16,531,670 decrease in cash & cash equivalents over the period. -$47,870,151 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -61,899,782 |
| Amortization of debt discount | 82,878 |
| Non-cash operating lease expense | 569,967 |
| Gain on debt extinguishment | 50,000 |
| Depreciation and amortization expense | 1,398,179 |
| Stock-based compensation | 6,522,581 |
| Credit losses on accounts receivable | 2,230,643 |
| Impairment of equity investment | 3,325,045 |
| Credit loss on loan receivable | 2,127,565 |
| Impairment of finance lease right-of-use asset | 905,630 |
| Impairment of equipment deposits | 1,355,174 |
| Impairment of property and equipment | 625,967 |
| Impairment of intangible assets | 202,058 |
| Write down finance lease rou asset | 1,351 |
| Change in fair value of accrued issuable equity | -17,075 |
| Change in fair value of digital assets | -13,800,041 |
| Digital assets received as downtime credits | 784,187 |
| Mining of digital assets | 7,029,924 |
| Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities | 25,300,043 |
| Accounts receivable | 3,100,668 |
| Auto-vibe assets | 5,046,759 |
| Inventory | 35,689 |
| Inventory deposits | 839,644 |
| Prepaid expenses and other current assets | 787,012 |
| Security deposits | 8,728 |
| Accounts payable | 1,112,547 |
| Accrued expenses and other current liabilities | 888,647 |
| Operating lease liabilities | -558,558 |
| Deferred revenue | 74,499 |
| Increase Decrease In Operating Capital | 8,283,909 |
| Net cash used in operating activities | -44,883,648 |
| Loan receivable | 2,127,565 |
| Equity investments | 3,325,045 |
| Purchase of intangible assets | 138,180 |
| Equipment deposits | 806,000 |
| Purchases of property and equipment | 2,986,503 |
| Purchases of digital assets | 79,700,002 |
| Net cash used in investing activities | -89,083,295 |
| Proceeds from atm equity financing | 123,181,925 |
| Issuance costs on atm equity financing | 3,082,182 |
| Proceeds from loan payable | 8,000,000 |
| Repayments of loan payable | 8,000,000 |
| Proceeds from exercise of stock options | 10,815 |
| Payment of employee tax withholdings from shares withheld | 448,301 |
| Purchase of treasury shares | 97,522 |
| Payments for deferred financing costs | 562,016 |
| Repayments of notes payable | 577,674 |
| Repayment of finance lease liability | 989,772 |
| Net cash provided by financing activities | 117,435,273 |
| Net increase (decrease) in cash | -16,531,670 |
| Cash - beginning of period | 29,831,858 |
| Cash - end of period | 13,300,188 |
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. (KULR)