Balance Sheet KULR Technology Group, Inc.

Equities

KULR

US50125G3074

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:00:00 2025-12-11 pm EST			5-day change	1st Jan Change
3.890 ^USD	-2.02%		-1.52%	-86.30%

Dec. 11	KULR Technology Group, Inc. Deepens Commitment to AI Data Center Energy Storage Innovation with Open Compute Project Platinum Member	CI
Dec. 09	KULR Technology Group, Inc. to Showcase AI Datacenter Battery Energy Storage Solution at Reuters Energy Live 2025	CI

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Published financial data: KULR TECHNOLOGY GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	624K	2.41M	3.99M	9.83M	10.74M
Total Revenues	624K	2.41M	3.99M	9.83M	10.74M
Cost of Goods Sold, Total	169K	1.1M	1.63M	6.16M	5.25M
Gross Profit	455K	1.31M	2.36M	3.67M	5.48M
Selling General & Admin Expenses, Total	2.51M	11.16M	16.67M	19.88M	15.98M
R&D Expenses	290K	1.66M	3.98M	6.2M	4.74M
Other Operating Expenses, Total	2.8M	12.82M	20.65M	26.08M	20.72M
Operating Income	-2.34M	-11.51M	-18.29M	-22.41M	-15.23M
Interest Expense, Total	-507K	-132K	-1.45M	-1.45M	-1.36M
Interest And Investment Income	-	-	-	-	10.58K
Net Interest Expenses	-507K	-132K	-1.45M	-1.45M	-1.35M
Currency Exchange Gains (Loss)	-	-381	-	-	-
Other Non Operating Income (Expenses)	-2.59K	-126K	147K	167K	-948K
EBT, Excl. Unusual Items	-2.85M	-11.77M	-19.59M	-23.69M	-17.53M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Other Unusual Items	-	-140K	150K	-	9.83K
EBT, Incl. Unusual Items	-2.85M	-11.91M	-19.44M	-23.69M	-17.52M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-2.85M	-11.91M	-19.44M	-23.69M	-17.52M
Net Income to Company	-2.85M	-11.91M	-19.44M	-23.69M	-17.52M
Net Income - (IS)	-2.85M	-11.91M	-19.44M	-23.69M	-17.52M
Preferred Dividend and Other Adjustments	1.69K	2.62M	-	-	-
Net Income to Common Incl Extra Items	-2.85M	-14.54M	-19.44M	-23.69M	-17.52M
Net Income to Common Excl. Extra Items	-2.85M	-14.54M	-19.44M	-23.69M	-17.52M
Per Share Items
Net EPS - Basic	-0.28	-1.19	-1.47	-1.61	-0.75
Basic EPS - Continuing Operations	-0.28	-1.19	-1.47	-1.61	-0.75
Basic Weighted Average Shares Outstanding	10.25M	12.21M	13.21M	14.73M	23.32M
Net EPS - Diluted	-0.28	-1.19	-1.47	-1.61	-0.75
Diluted EPS - Continuing Operations	-0.28	-1.19	-1.47	-1.61	-0.75
Diluted Weighted Average Shares Outstanding	10.25M	12.21M	13.21M	14.73M	23.32M
Normalized Basic EPS	-0.17	-0.6	-0.93	-1.01	-0.47
Normalized Diluted EPS	-0.17	-0.6	-0.93	-1.01	-0.47
Supplemental Items
EBITDA	-2.32M	-11.45M	-18.03M	-20.2M	-13.43M
EBITA	-2.34M	-11.51M	-18.25M	-22.28M	-15.09M
EBIT	-2.34M	-11.51M	-18.29M	-22.41M	-15.23M
EBITDAR	-2.26M	-11.22M	-17.8M	-19.93M	-12.86M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-1.78M	-7.36M	-12.24M	-14.81M	-10.96M
Interest on Long-Term Debt	-	-	-	-	1.15M
Supplemental Operating Expense Items
Advertising Expense	124K	145K	874K	1.8M	2.83M
Selling and Marketing Expenses	124K	145K	874K	1.8M	2.83M
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	290K	1.66M	3.98M	6.2M	4.74M
Net Rental Expense, Total	63.75K	224K	231K	265K	576K
Imputed Operating Lease Interest Expense	-	142K	535K	399K	1.55M
Imputed Operating Lease Depreciation	-	81.09K	-304K	-134K	-975K
Stock-Based Comp., R&D Exp. (Total)	30.93K	28.85K	38.52K	275K	373K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	313K	4.17M	4.14M	3.23M	2.32M
Total Stock-Based Compensation	344K	4.2M	4.18M	3.5M	2.69M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	8.88M	14.86M	10.33M	1.19M	29.83M
Total Cash And Short Term Investments	8.88M	14.86M	10.33M	1.19M	29.83M
Accounts Receivable, Total	55.49K	136K	1.54M	902K	2.65M
Other Receivables	-	-	368K	2K	60.37K
Notes Receivable	-	-	-	-	-
Total Receivables	55.49K	136K	1.91M	904K	2.71M
Inventory	55.45K	501K	2.25M	1.18M	545K
Prepaid Expenses	87.83K	145K	689K	109K	350K
Other Current Assets, Total	71.37K	115K	556K	520K	731K
Total Current Assets	9.15M	15.76M	15.74M	3.9M	34.16M
Gross Property Plant And Equipment	115K	1.16M	3.86M	7.25M	8.97M
Accumulated Depreciation	-56.67K	-123K	-343K	-2.42M	-4.08M
Net Property Plant And Equipment	57.86K	1.04M	3.52M	4.83M	4.9M
Other Intangibles, Total	-	217K	721K	719K	577K
Accounts Receivable Long-Term	-	-	-	-	1.45M
Deferred Charges Long-Term	-	-	71.82K	70.61K	155K
Other Long-Term Assets, Total	-	2.21M	3.58M	1.34M	21.68M
Total Assets	9.21M	19.23M	23.63M	10.86M	62.93M
Liabilities
Accounts Payable, Total	66.54K	455K	1.41M	2.77M	2.06M
Accrued Expenses, Total	364K	1.08M	2.09M	3.13M	1.11M
Short-term Borrowings	2.32M	-	-	-	-
Current Portion of Long-Term Debt	12.94K	155K	5.66M	-	517K
Current Portion of Leases	-	262K	224K	102K	496K
Unearned Revenue Current, Total	20K	132K	23K	551K	32.77K
Other Current Liabilities	162K	376K	277K	351K	446K
Total Current Liabilities	2.95M	2.46M	9.68M	6.9M	4.67M
Long-Term Debt	142K	-	3.2M	6.14M	10.97K
Long-Term Leases	-	408K	97.96K	-	823K
Other Non Current Liabilities	-	-	157K	5.9K	-
Total Liabilities	3.09M	2.87M	13.13M	13.05M	5.5M
Preferred Stock Convertible	1	-	-	-	73
Total Preferred Equity	1	-	-	-	73
Common Stock, Total	8.99K	10.48K	11.32K	13.4K	26.48K
Additional Paid In Capital	17.36M	39.51M	53.37M	64.39M	142M
Retained Earnings	-11.25M	-23.16M	-42.59M	-66.29M	-83.81M
Treasury Stock	-	-	-296K	-296K	-296K
Total Common Equity	6.12M	16.37M	10.49M	-2.18M	57.43M
Total Equity	6.12M	16.37M	10.49M	-2.18M	57.43M
Total Liabilities And Equity	9.21M	19.23M	23.63M	10.86M	62.93M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.58M	13.11M	14.53M	21.59M	35.53M
ECS Total Common Shares Outstanding	11.24M	13.1M	14.13M	16.74M	33.08M
Book Value / Share	0.54	1.25	0.74	-0.13	1.74
Tangible Book Value	6.12M	16.15M	9.77M	-2.9M	56.85M
Tangible Book Value Per Share	0.54	1.23	0.69	-0.17	1.72
Total Debt	2.48M	826K	9.17M	6.24M	1.85M
Net Debt	-6.4M	-14.04M	-1.16M	5.05M	-27.99M
Debt Equivalent Oper. Leases	510K	1.79M	1.85M	2.12M	4.61M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	1.08M	322K	363K
Inventories - Work In Process, Total	-	-	2.98K	-	-
Inventories - Finished Goods, Total	55.45K	191K	884K	827K	182K
Machinery, Total	100K	140K	1.63M	4.25M	4.46M
Full Time Employees	9	52	62	57	52

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-2.85M	-11.91M	-19.44M	-23.69M	-17.52M
Depreciation & Amortization - CF	15.75K	66.67K	220K	2.08M	1.66M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.05K	39.76K	136K	142K
Depreciation & Amortization, Total	15.75K	67.72K	259K	2.21M	1.8M
Amortization of Deferred Charges, Total - (CF)	502K	128K	512K	730K	1.15M
(Gain) Loss From Sale Of Asset	-	-	-	-	26.49K
Stock-Based Compensation (CF)	344K	4.2M	4.18M	3.5M	2.69M
Provision and Write-off of Bad Debts	933	-	15.03K	16.98K	-
Other Operating Activities, Total	2.59K	275K	473K	378K	1.39M
Change In Accounts Receivable	-26.32K	-80.83K	-1.42M	623K	-3.19M
Change In Inventories	-28.36K	-136K	-1.77M	777K	631K
Change In Accounts Payable	-298K	385K	659K	754K	-708K
Change in Unearned Revenues	5K	112K	-109K	528K	-518K
Change in Other Net Operating Assets	-398K	154K	-707K	2.2M	-3.09M
Cash from Operations	-2.73M	-6.81M	-17.35M	-11.97M	-17.34M
Capital Expenditure	-46.09K	-2.54M	-4.1M	-911K	-596K
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-200K	-544K	-135K	-
Other Investing Activities, Total	-	-	-	-	-21M
Cash from Investing	-46.09K	-2.74M	-4.65M	-1.05M	-21.6M
Short Term Debt Issued, Total	3.71M	-	15.32M	-	-
Long-Term Debt Issued, Total	155K	-	-	2.25M	3.66M
Total Debt Issued	3.87M	-	15.32M	2.25M	3.66M
Short Term Debt Repaid, Total	-759K	-2.45M	-1M	-	-
Long-Term Debt Repaid, Total	-	-	-	-1.58M	-3.34M
Total Debt Repaid	-759K	-2.45M	-1M	-1.58M	-3.34M
Issuance of Common Stock	9.5M	11.84M	3.32M	3.91M	71.04M
Repurchase of Common Stock	-	-	-	-229K	-500K
Issuance of Preferred Stock	-	6.5M	-	-	-
Other Financing Activities, Total	-1.06M	-365K	-175K	-483K	-3.28M
Cash from Financing	11.55M	15.53M	17.47M	3.87M	67.57M
Net Change in Cash	8.77M	5.98M	-4.53M	-9.14M	28.64M
Supplemental Items
Cash Interest Paid	3.89K	1.64K	86.06K	315K	62.38K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-1.56M	-4.83M	-14.78M	-3.82M	-10.09M
Unlevered Free Cash Flow	-1.74M	-4.87M	-14.39M	-3.65M	-10.39M
Change In Net Working Capital	591K	-792K	2.74M	-5.69M	4.77M
Net Debt Issued / Repaid	3.11M	-2.45M	14.32M	675K	316K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-30.97	-50.6	-53.33	-81.23	-25.81
Return on Total Capital	-37.51	-55.81	-62.01	-118.06	-30.07
Return On Equity %	-107.11	-105.95	-144.73	-570.17	-63.44
Return on Common Equity	-107.18	-129.3	-144.73	-570.17	-63.44
Margin Analysis
Gross Profit Margin %	72.91	54.33	59.18	37.29	51.07
SG&A Margin	401.56	462.61	417.37	202.26	148.82
EBITDA Margin %	-372.57	-474.36	-451.27	-205.47	-125.11
EBITA Margin %	-375.09	-477.12	-456.77	-226.6	-140.56
EBIT Margin %	-375.09	-477.17	-457.76	-227.99	-141.89
Income From Continuing Operations Margin %	-456.77	-493.65	-486.56	-241.03	-163.2
Net Income Margin %	-456.77	-493.65	-486.56	-241.03	-163.2
Net Avail. For Common Margin %	-457.04	-602.41	-486.56	-241.03	-163.2
Normalized Net Income Margin	-285.48	-304.91	-306.45	-150.64	-102.06
Levered Free Cash Flow Margin	-249.26	-200.08	-369.98	-38.89	-93.97
Unlevered Free Cash Flow Margin	-278.89	-201.99	-360.14	-37.11	-96.77
Asset Turnover
Asset Turnover	0.13	0.17	0.19	0.57	0.29
Fixed Assets Turnover	14.62	4.39	1.75	2.35	2.21
Receivables Turnover (Average Receivables)	14.58	25.16	4.76	8.05	6.05
Inventory Turnover (Average Inventory)	4.1	3.96	1.19	3.6	6.1
Short Term Liquidity
Current Ratio	3.1	6.41	1.63	0.57	7.32
Quick Ratio	3.03	6.1	1.26	0.3	6.97
Operating Cash Flow to Current Liabilities	-0.93	-2.77	-1.79	-1.73	-3.72
Days Sales Outstanding (Average Receivables)	25.1	14.51	76.68	45.37	60.45
Days Outstanding Inventory (Average Inventory)	89.37	92.15	307.61	101.37	59.98
Average Days Payable Outstanding	381.24	61.44	100.66	149.68	191.22
Cash Conversion Cycle (Average Days)	-266.77	45.21	283.63	-2.94	-70.79
Long Term Solvency
Total Debt/Equity	40.48	5.04	87.42	-286.08	3.21
Total Debt / Total Capital	28.82	4.8	46.64	153.74	3.11
LT Debt/Equity	2.33	2.49	31.4	-281.4	1.45
Long-Term Debt / Total Capital	1.66	2.37	16.75	151.22	1.41
Total Liabilities / Total Assets	33.55	14.9	55.58	120.09	8.74
EBIT / Interest Expense	-4.62	-87.53	-12.63	-15.47	-11.19
EBITDA / Interest Expense	-4.58	-85.32	-12.29	-13.76	-9.44
(EBITDA - Capex) / Interest Expense	-4.68	-104.61	-15.13	-14.39	-9.88
Total Debt / EBITDA	-1.07	-0.07	-0.52	-0.31	-0.14
Net Debt / EBITDA	2.75	1.25	0.07	-0.25	2.18
Total Debt / (EBITDA - Capex)	-1.04	-0.06	-0.42	-0.3	-0.14
Net Debt / (EBITDA - Capex)	2.7	1.02	0.05	-0.24	2.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-24.86	286.7	65.56	146.08	9.23
Gross Profit, 1 Yr. Growth %	-24.66	200.61	80.35	55.06	49.57
EBITDA, 1 Yr. Growth %	18.49	392.35	57.5	12.04	-33.49
EBITA, 1 Yr. Growth %	18.25	391.89	58.49	22.08	-32.25
EBIT, 1 Yr. Growth %	18.25	391.94	58.82	22.56	-32.02
Earnings From Cont. Operations, 1 Yr. Growth %	43.96	317.92	63.18	21.9	-26.04
Net Income, 1 Yr. Growth %	43.96	317.92	63.18	21.9	-26.04
Normalized Net Income, 1 Yr. Growth %	43.96	313.01	66.4	20.97	-26
Diluted EPS Before Extra, 1 Yr. Growth %	40.69	327.92	21.18	9.32	-53.3
Accounts Receivable, 1 Yr. Growth %	84.35	145.67	1.03K	-41.53	193.36
Inventory, 1 Yr. Growth %	104.69	803.48	348.56	-47.65	-53.64
Net Property, Plant and Equip., 1 Yr. Growth %	110.27	1.7K	238.6	37.06	1.5
Total Assets, 1 Yr. Growth %	3.79K	108.85	22.85	-54.02	479.21
Tangible Book Value, 1 Yr. Growth %	-867.73	163.92	-39.48	-129.7	-2.06K
Common Equity, 1 Yr. Growth %	-867.73	167.47	-35.88	-120.8	-2.73K
Cash From Operations, 1 Yr. Growth %	129.75	149.27	154.99	-31.05	44.93
Capital Expenditures, 1 Yr. Growth %	-	5.41K	61.77	-77.8	-34.57
Levered Free Cash Flow, 1 Yr. Growth %	233.31	212.16	206.13	-74.13	163.9
Unlevered Free Cash Flow, 1 Yr. Growth %	273.72	181.48	195.18	-74.64	184.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-30.02	70.46	153.02	101.84	63.95
Gross Profit, 2 Yr. CAGR %	-30.33	47.33	132.84	67.23	52.29
EBITDA, 2 Yr. CAGR %	6.07	141.53	178.47	32.84	-13.67
EBITA, 2 Yr. CAGR %	6.04	141.17	179.21	39.1	-9.05
EBIT, 2 Yr. CAGR %	6.04	141.18	179.52	39.52	-8.72
Earnings From Cont. Operations, 2 Yr. CAGR %	17.67	145.29	161.14	41.04	-5.05
Net Income, 2 Yr. CAGR %	17.67	145.29	161.14	41.04	-5.05
Normalized Net Income, 2 Yr. CAGR %	17.67	143.84	162.15	41.87	-5.39
Diluted EPS Before Extra, 2 Yr. CAGR %	14.52	145.37	130.04	15.1	-28.55
Accounts Receivable, 2 Yr. CAGR %	-29.68	112.81	427.16	157.18	30.97
Inventory, 2 Yr. CAGR %	140.41	330.04	536.61	53.24	-50.73
Net Property, Plant and Equip., 2 Yr. CAGR %	13.65	514.83	680.22	115.43	17.95
Total Assets, 2 Yr. CAGR %	351.8	801.25	60.18	-24.84	63.2
Tangible Book Value, 2 Yr. CAGR %	599.24	350.13	26.38	-57.61	141.19
Common Equity, 2 Yr. CAGR %	599.24	353.15	30.96	-63.48	133.94
Cash From Operations, 2 Yr. CAGR %	41.73	139.31	152.12	32.6	-0.04
Capital Expenditures, 2 Yr. CAGR %	66.58	-	843.7	-40.08	-61.89
Levered Free Cash Flow, 2 Yr. CAGR %	55.31	221.65	209.13	-11.01	-17.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	64.34	223.52	188.25	-13.48	-15.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	38.36	23.72	68.81	150.69	64.48
Gross Profit, 3 Yr. CAGR %	79.26	11.83	57.6	103.33	61.12
EBITDA, 3 Yr. CAGR %	-1.12	76.94	109.45	105.58	5.48
EBITA, 3 Yr. CAGR %	-1.02	76.84	109.68	111.92	9.45
EBIT, 3 Yr. CAGR %	-1.02	76.85	109.83	112.35	9.79
Earnings From Cont. Operations, 3 Yr. CAGR %	5.54	79.54	114.13	102.58	13.73
Net Income, 3 Yr. CAGR %	5.54	79.54	114.13	102.58	13.73
Normalized Net Income, 3 Yr. CAGR %	5.54	78.83	114.68	102.58	14.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-2.83	77.71	95.26	79.51	-14.79
Accounts Receivable, 3 Yr. CAGR %	-28.5	6.7	271.4	153.28	168.72
Inventory, 3 Yr. CAGR %	59.11	273.78	336.13	176.84	2.88
Net Property, Plant and Equip., 3 Yr. CAGR %	9.98	185.3	403.97	336.97	67.63
Total Assets, 3 Yr. CAGR %	96.16	249.34	363.83	5.67	48.46
Tangible Book Value, 3 Yr. CAGR %	102.24	405.33	130.6	-22.01	52.13
Common Equity, 3 Yr. CAGR %	102.24	407.58	136.14	-29.08	51.96
Cash From Operations, 3 Yr. CAGR %	39.5	71.08	144.43	63.65	36.59
Capital Expenditures, 3 Yr. CAGR %	-3.84	434.57	-	170.39	-38.29
Levered Free Cash Flow, 3 Yr. CAGR %	14.46	95.63	216.4	35.22	27.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.08	96.3	213.79	28.2	28.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	185.32	222.65	76.14	50.48	66.85
Gross Profit, 5 Yr. CAGR %	263.49	334.24	97.35	31.36	55.46
EBITDA, 5 Yr. CAGR %	28.13	69.29	49.61	57.77	46.93
EBITA, 5 Yr. CAGR %	28.28	69.46	49.87	60.65	50.12
EBIT, 5 Yr. CAGR %	28.28	69.47	49.93	60.85	50.41
Earnings From Cont. Operations, 5 Yr. CAGR %	33.4	70.68	51.63	63.01	54.67
Net Income, 5 Yr. CAGR %	33.4	70.68	51.63	63.01	54.67
Normalized Net Income, 5 Yr. CAGR %	33.44	70.31	51.87	63.01	54.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.96	50.72	37.16	49.97	30.61
Accounts Receivable, 5 Yr. CAGR %	75.85	81.61	58.99	51.7	144.78
Inventory, 5 Yr. CAGR %	22.22	107.79	177.05	161.65	82.3
Net Property, Plant and Equip., 5 Yr. CAGR %	120.18	368.27	140.81	154.98	181.91
Total Assets, 5 Yr. CAGR %	114.25	159.15	80.89	88.95	205.42
Tangible Book Value, 5 Yr. CAGR %	187.32	127.13	67.57	87.53	134.78
Common Equity, 5 Yr. CAGR %	187.32	127.73	69.97	77.14	135.25
Cash From Operations, 5 Yr. CAGR %	39.84	62.82	76.76	54.5	70.93
Capital Expenditures, 5 Yr. CAGR %	-	-	139.74	122.76	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	66.96	70.12	42.76	84.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	67.27	69.43	41.45	86.09