KULR Technology Group Reports First Quarter 2026 Financial Results
Rhea-AI Summary
KULR Technology Group (NYSE American: KULR) reported strong first quarter 2026 revenue growth and margin expansion alongside a larger net loss driven by bitcoin-related charges.
Revenue rose 98% to $4.85 million, gross margin improved to 29%, SG&A and R&D fell, operating loss narrowed, but net loss increased to $28.1 million due to a $20.8 million non-cash mark-to-market loss on bitcoin. Cash totaled $19.0 million as of May 13, 2026.
AI-generated analysis. Not financial advice.
Positive
- Revenue increased 98% year-over-year to $4,846,430
- Gross margin expanded to 29% from 8% year-over-year
- SG&A expenses decreased 9% to $6,531,969
- R&D expenses decreased 28% to $1,770,500
- Operating loss declined 22% to $7,385,177
- Cash balance reported at $19.0 million as of May 13, 2026
Negative
- Net loss widened to $28,119,844 from $18,806,658
- Net loss per share increased to $0.61 from $0.54
- $20,767,713 non-cash mark-to-market loss on bitcoin holdings
Market Reaction – KULR
Following this news, KULR has declined 5.51%, reflecting a notable negative market reaction. The stock is currently trading at $3.60. This price movement has removed approximately $10M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Market Reality Check
Peers on Argus
KULR gained 26.96%, while key peers were mixed: MEI rose 44.93%, RELL gained 8%, LPTH fell 2.26%, and GAUZ dropped 16.49%. Momentum scans show only GAUZ with upside activity of 3.52% earlier, reinforcing a stock-specific reaction to KULR’s earnings.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 08 | Earnings call scheduled | Neutral | +15.2% | Announcement of Q1 2026 earnings call timing and registration details. |
| Mar 31 | Earnings results | Negative | -14.8% | Full-year 2025 results with 51% revenue growth but wider net loss and higher costs. |
| Mar 26 | Earnings call scheduled | Neutral | -8.2% | Scheduling of Q4 and full-year 2025 earnings call and logistics for investors. |
| Nov 18 | Earnings results | Negative | -8.2% | Q3 2025 results with 116% revenue growth but margin compression and continued losses. |
| Nov 12 | Earnings call scheduled | Neutral | -7.0% | Announcement of Q3 2025 earnings call and replay availability details. |
Earnings-related headlines for KULR have produced an average move of -4.59%, often skewing negative after detailed results, so today’s strong upside stands out versus prior earnings patterns.
Over the past several quarters, KULR’s earnings news has highlighted rapid revenue growth but persistent losses and rising costs. Q3 2025 results showed revenue up 116% yet weaker margins and a net loss. Full-year 2025 results reported 51% revenue growth to $16.17M, alongside a wider annual net loss. Call-scheduling releases around Q3 2025, full-year 2025, and Q1 2026 typically saw modest share-price moves. Today’s Q1 2026 report extends the growth narrative with higher revenue and margin improvement while net loss remains significant.
Historical Comparison
Past earnings-tagged news for KULR averaged a -4.59% move. Today’s +26.96% reaction to Q1 2026 results is a sharp upside outlier versus that history.
Earnings disclosures progressed from Q3 2025 results to full-year 2025 and now Q1 2026, consistently emphasizing strong revenue growth alongside sustained net losses.
Market Pulse Summary
This announcement highlights Q1 2026 revenue growth of 98% to $4.85M, a higher 29% gross margin, and reduced SG&A and operating loss, alongside a wider net loss of $28.12M driven largely by a $20.77M bitcoin mark-to-market charge. Historically, KULR’s earnings news produced an average move of -4.59%. Investors may track sustainability of margin gains, trajectory of operating losses, bitcoin-related impacts, and cash levels such as the reported $19.0M balance as of May 13, 2026.
Key Terms
mark-to-market loss financial
sg&a financial
r&d financial
AI-generated analysis. Not financial advice.
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, mobility applications, hyperscale AI data centers, and telecom infrastructure OEMs, today announced its financial results for the first quarter 2026.
First Quarter 2026 Financial Results:
Revenues: Revenue increased
Gross Margins: Gross margin was
Selling, General and Administrative (SG&A) Expenses: SG&A expenses decreased
R&D expenses: R&D expenses decreased
Operating Loss: Loss from operations decreased
Net Loss: Net loss for the first quarter of 2026 increased to
Management Commentary
KULR Chief Executive Officer, Michael Mo, commented, “First quarter 2026 results demonstrate meaningful progress in our operating performance. Revenue increased
The Company reported a cash balance of
KULR Technology Group First Quarter 2026 Earnings Call
Date: Thursday, May 14th, 2026
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
To access the call, please register using the following link: KULR First Quarter 2026 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code and PIN required to join the live call. The conference call will be available for replay here via the Investor Relations section on KULR’s website (www.kulr.ai).
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure OEMs. Learn more at KULR.ai.
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Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
