For the year ending 2025-12-31, KULR made $16,170,404 in revenue. -$61,899,782 in net income. Net profit margin of -382.80%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenue | 16,170,404 | 10,737,481 | ||
| Cost of revenue | 15,399,432 | 5,254,283 | ||
| Gross profit | 770,972 | 5,483,198 | ||
| Research and development | 10,755,036 | 4,738,305 | ||
| Selling, general, and administrative | 27,696,969 | 15,979,852 | ||
| Credit losses on accounts receivable | 2,230,643 | - | ||
| Impairment of finance lease right-of-use asset | 905,630 | - | ||
| Impairment of property and equipment | 625,967 | - | ||
| Impairment of intangible assets | 202,058 | - | ||
| Impairment of equipment deposits | 1,355,174 | - | ||
| Total operating expenses | 43,771,477 | 20,718,157 | ||
| Loss from operations | -43,000,505 | -15,234,959 | ||
| Change in fair value of digital assets | -13,800,041 | -718,826 | ||
| Impairment of equity investment | 3,325,045 | - | ||
| Credit loss on loan receivable | 2,127,565 | - | ||
| Interest income | 563,271 | 10,575 | ||
| Change in fair value of accrued issuable equity | -17,075 | -228,777 | ||
| Interest expense | 159,944 | 209,817 | ||
| Amortization of debt discount | 82,878 | 1,151,659 | ||
| Gain on debt extinguishment | 50,000 | 9,834 | ||
| Total other expense, net | -18,899,277 | -2,288,670 | ||
| Net loss | -61,899,782 | -17,523,629 | ||
| Basic EPS | -1.56 | -0.09 | ||
| Diluted EPS | -1.56 | -0.09 | ||
| Basic Average Shares | 39,727,205 | 186,597,133 | ||
| Diluted Average Shares | 39,727,205 | 186,597,133 | ||
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. (KULR)