KULR Q1 revenue up 98% YoY to $4.85M; net loss widens to $28.1M on bitcoin MTM

KULR Technology Group, Inc.

2026-Q1 EPS reported -$0.61 revenue$4,846,430

Revenue $4.85M vs $2.45M YoY (+98%); gross margin improved to 29% from 8%.
Operating loss narrowed 22% to $7.39M from $9.44M; SG&A down 9%, R&D down 28%.
Net loss $28.1M ($0.61/sh) includes $20.8M non-cash bitcoin mark-to-market loss.
Cash balance $19.0M as of May 13, 2026; no specific guidance provided.
Management cites growing customer traction and improved cost discipline.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KULR Technology Group, Inc. reported the first quarter ended March 31, 2026 results: revenue $4,846,430, net income $28,119,844, EPS $0.61 per share.

Period: the first quarter ended March 31, 2026
Revenue: $4,846,430
Net income: $28,119,844
EPS: $0.61 per share
Result: reported results

Exact text from the filing

and telecom infrastructure OEMs, today announced its financial results for the first quarter 2026. First Quarter 2026 Financial Results: Revenues: Revenue increased 98% to $4,846,430 in the first quarter ended March 31, 2026, from $2,448,606 reported in the same year-ago period. Gross Margins: Gross margin was 29% in the first quarter ended March 31, 2026,

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Source: SEC EDGAR

accession 0001104659-26-061192

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