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KULR Technology Group, Inc.

KULR

Technology · 2.36 +0.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

KULR Technology Group, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Company+0.6% todayVolume comparison unavailable
Market group0 of 24 activeBattery and Solar Technologies · unavailable
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
  • KULR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if KULR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Electronic Components

No new filing conclusion is available. 0 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • KULR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements41
Verified relationships7
Evidence supporting the case
  • Latest annual revenue changed +50.6% year over year.
Evidence challenging the case
  • Operating margin changed -124.0 percentage points in the latest annual period.
  • Net margin changed -219.6 percentage points in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

2.36
6m-19.2%12m-51.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.4M+286.7%$-0.15+16.7%
2022-12-31$4.0M+65.6%$-0.18+10.3%
2023-12-31$9.8M+146.1%$-0.20+11.5%
2024-12-31$10.7M+9.2%$-0.75
2025-12-31$16.2M+50.6%$-1.56

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dnegative · 2 filings
32 Table of Contents The decrease in research and development expenses was primarily attributable to progress made on several key initiatives in the prior year, including third-party engineering and development services, testing equipment purchases, and inves…
10-Q · May 14, 2026
Credit and interest ratesmixed · 1 filings
Financing activities during the three months ended March 31, 2026 were primarily due to proceeds from the loan payable totaling $5.0 million, which represents a drawdown of our collateralized credit facility with Coinbase, partially offset by payment of emplo…
10-Q · May 14, 2026
Demand and volumenegative · 1 filings
Any delays, interruption or increased costs in the manufacturing and delivery of our products could adversely affect our ability to meet customer demand and could result in reduced net sales, lower gross margins and operating income.
10-K · Mar 31, 2026
Legal and regulatory exposuremixed · 1 filings
Involvement in Certain Legal Proceedings Our directors, executive officers and control persons have not been involved in any of the following events during the past five years: ● any bankruptcy petition filed by or against any business of which such person wa…
10-K · Mar 31, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.8× · EV/sales 5.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

2.36+0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KULR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KULR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KULR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

LDOSLeidos Holdings, Inc.partnerMar 31, 2026

The Company has partnered with Lockheed Martin, Leidos and other prime contractors to develop and supply mission-critical technologies for hypersonic vehicles, high-power magnetic wave, and other defense systems.

LMTLockheed Martin CorporationpartnerMar 31, 2026

The Company has partnered with Lockheed Martin, Leidos and other prime contractors to develop and supply mission-critical technologies for hypersonic vehicles, high-power magnetic wave, and other defense systems.

Depended on by

BMNRBitmine Immersion Technologies, Inc.partnerApr 14, 2026

The increase in cost of sales leasing is a result of the Machine Lease Agreement Bitmine entered with KULR Technology Group, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KULR is currently a Leader in the organic co-movement group Battery and Solar Technologies. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for KULR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.