KULR Q2 2026 revenue down 43% to $2.08M; net loss $21.97M on bitcoin fair value loss

KULR Technology Group, Inc.

2026-Q2 EPS reported -$1.10 revenue$6,026,607

Revenue fell 43% YoY to $2,080,177; gross margin negative 31% vs 20% a year ago.
Operating loss widened 19% to $11,204,578; net loss $21,970,816 ($0.47/share) vs net income $8,142,149 ($0.22/share) in Q2 2025.
Net loss driven by $10,591,667 non-cash fair value loss on bitcoin holdings; company exited Bitcoin mining and repaid Coinbase loan post-quarter.
Cash balance $12.8M as of June 30, 2026; no shares issued through ATM in H1 2026.
SG&A down 9% to $6.31M; R&D up 23% to $2.99M.

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