One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
KULR Technology Group, Inc.
KULR · ASE · Technology · Electronic Components
Current price
$2.44
52-week range
$1.94 - $6.00
Market cap
$112.92M
Balance sheet
Distressed
-173.13x Concerning
Net debt $9.98M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 3.1% last year.
- Risk Return on equity was -97.8% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -457.8% to -538.6% over 3 years.
- Risk Insider ownership is only 8.2% (peer median: 9.6%).
What this company does
KULR Technology Group, Inc.
KULR Technology Group develops special safety technology to prevent powerful batteries, like those used in satellites and electric vehicles, from overheating and catching fire. The company sells these critical safety and cooling solutions to demanding industries like space exploration, defense, and data centers (the buildings that power the internet). This is important because as the world uses more high-powered electronics, preventing failures becomes essential for safety and reliability.
How the company got here
Founded in 2013, KULR Technology Group began by developing advanced cooling technologies for NASA's deep space missions. This work in extreme environments gave them expertise in managing heat and preventing battery fires. The company, originally known as KT High-Tech Marketing, Inc., changed its name to KULR Technology Group, Inc. in 2018. Over time, they have used this core knowledge to create products that make batteries safer and more efficient for a variety of industries, from space exploration to electric vehicles and military applications.
What it actually does
KULR Technology Group designs and builds advanced battery systems and safety solutions. Think of them as the experts who make sure the powerful batteries in everything from satellites and military drones to electric helicopters and large-scale energy storage units don't overheat or catch fire. They create special materials and designs to manage heat, prevent dangerous situations like a 'thermal runaway' (when a battery gets uncontrollably hot), and even offer cases for safely transporting batteries. They also provide testing and design services to other companies to help make their battery-powered products safer and more reliable.
Energy Management Platform
This is the company's main business, where they design, build, and sell products and services related to battery safety and thermal management (controlling heat). This includes their KULR ONE platform, which offers standardized battery designs for different high-tech uses like space, military drones, and electric aircraft. Customers, which range from NASA to defense contractors and robotics companies, pay for these specialized battery packs and safety components. This segment represents the majority of the company's business as it transitions from providing services to selling its own products.
What management is betting on now
The company is heavily focused on scaling up its manufacturing to produce more of its own battery systems, particularly for the growing markets of drones, robotics, and AI data centers. They are leveraging their KULR ONE platform to create standardized, safe, and high-performance batteries made in the U.S. to meet increasing demand. Management believes that as more devices become autonomous and intelligent ('physical AI'), the need for safe, reliable power will be a critical bottleneck they are positioned to solve. The company is also concentrating on disciplined growth without relying on issuing new stock, which can dilute (reduce the ownership percentage of) existing shareholders.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-3.35M
FY2024 Q4
$-5.23M
FY2025 Q1
$-9.89M
FY2025 Q2
$-12.16M
FY2025 Q3
$-9.57M
FY2025 Q4
$-16.25M
FY2026 Q1
$-8.88M
FY2026 Q2
$-9.21M
Revenue
$2.08M
Net income
$-21.97M
Diluted EPS
-0.47
Operating cash flow
$-8.99M
Free cash flow
$-9.21M
Fetching…
Sources
Revenue
$4.85M
Net income
$-28.12M
Diluted EPS
-0.61
Operating cash flow
$-8.70M
Free cash flow
$-8.88M
Fetching…
Sources
Revenue
$2.86M
Net income
$-44.26M
Diluted EPS
-1.54
Operating cash flow
$-13.84M
Free cash flow
$-16.25M
Fetching…
Sources
Revenue
$6.88M
Net income
$-6.97M
Diluted EPS
-0.17
Operating cash flow
$-9.32M
Free cash flow
$-9.57M
Fetching…
Sources
Revenue
$3.97M
Net income
$8.14M
Diluted EPS
0.22
Operating cash flow
$-11.95M
Free cash flow
$-12.16M
Fetching…
Sources
Revenue
$2.45M
Net income
$-18.81M
Diluted EPS
-0.07
Operating cash flow
$-9.77M
Free cash flow
$-9.89M
Fetching…
Sources
Revenue
$3.37M
Net income
$-4.62M
Diluted EPS
-0.01
Operating cash flow
$-4.84M
Free cash flow
$-5.23M
Fetching…
Sources
Revenue
$3.19M
Net income
$-2.00M
Diluted EPS
-0.01
Operating cash flow
$-3.30M
Free cash flow
$-3.35M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $2.44
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $10.0M. Interest coverage -173.1x.
Net debt
$9.98M
Interest coverage
-173.13x
KULR Technology Group, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
KULR
BASELINE
KULR Technology Group, Inc.
Total debt $22.77M Interest coverage -173.13x This is the baseline the peer rows are being compared against.
Total debt $47.51M Interest coverage 1.59x This peer still has a real interest-payment cushion, while KULR does not.
Total debt $193.04M Interest coverage 2.27x This peer still has a real interest-payment cushion, while KULR does not.
Total debt $541.72M Interest coverage -8.21x Neither company has much profit cushion over interest right now.
Total debt $7.71M Interest coverage -4,033.28x Neither company has much profit cushion over interest right now.
Total debt $640.83M Interest coverage -11.07x Neither company has much profit cushion over interest right now.
What you should know
The case for and against KULR
1 Reward
3 Risks
Rewards
-
Revenue grew 3.1% last year.
Risks
-
Return on equity was -97.8% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -457.8% to -538.6% over 3 years.
-
Insider ownership is only 8.2% (peer median: 9.6%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
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P/B
1.56x
P/S
7.02x
EV/EBITDA
-2.86x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
-14.9%
Operating margin
-538.6%
Net margin
0.0%
ROE
-97.8%
ROA
-22.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.31x
Current ratio
3.38x
Quick ratio
0.61x
Total debt
$22.77M
Total cash
$12.78M
Growth
How the business has been compounding
Revenue TTM
$16.68M
Revenue 5Y CAGR
60.9%
EPS TTM
-2.36
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-40.85M
Free CF TTM
$-47.87M
FCF margin
-287.1%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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