---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-049502"
form_type: "8-K"
ticker: "KULR"
cik: "0001662684"
company_name: "KULR Technology Group, Inc."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:16:39.761248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KULR Q1 revenue up 40% to $2.45M but net loss widens to $18.81M on Bitcoin mark-to-market

## Summary
- Revenue rose 40% YoY to $2.45M; product sales up 88.7% to $1.16M.
- Gross margin collapsed to 8% from 29% due to unanticipated labor on technical projects.
- Net loss of $18.81M ($0.07/share) vs $5.0M loss YoY; driven by non-cash mark-to-market on Bitcoin.
- Bitcoin holdings reached 716 BTC with 197.5% BTC yield YTD; $69M total acquisitions.
- Awarded $6.7M Texas Space Commission grant; partnerships with German Bionic and AstroForge.

## SEC filing metadata
- accession: 0001104659-25-049502
- form_type: 8-K
- ticker: KULR
- cik: 0001662684
- company_name: KULR Technology Group, Inc.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662684/000110465925049502/0001104659-25-049502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662684/000110465925049502/tm2515306d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-049502
- JSON: https://secwatch.observer/filing/0001104659-25-049502.json
- Plain text: https://secwatch.observer/filing/0001104659-25-049502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.