KULR Technology Group Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
KULR Technology Group (NYSE American: KULR) reported second quarter 2026 revenue of $2.08 million, down 43% from $3.65 million a year earlier. Gross margin declined to (31)% from 20%. SG&A expenses fell 9% to $6.31 million, while R&D expenses rose 23% to $2.99 million.
Loss from operations increased 19% to $11.20 million. KULR recorded a net loss of $21.97 million, or -$0.47 per share, versus net income of $8.14 million, or $0.22 per share, in the prior-year quarter, largely due to a $10.59 million non-cash fair value loss on bitcoin holdings. The company reported $12.8 million in cash as of June 30, 2026, and has exited bitcoin mining, repaid its Coinbase loan, and begun reducing bitcoin holdings.
Positive
- SG&A expenses -9% YoY to $6.31 million in Q2 2026
- R&D investment +23% YoY to $2.99 million in Q2 2026
- Cash balance of $12.8 million as of June 30, 2026
- Company exited bitcoin mining and repaid Coinbase loan after quarter-end
- No ATM share issuance during the first half of 2026
Negative
- Revenue -43% YoY to $2.08 million in Q2 2026
- Gross margin deteriorated to (31)% from 20% a year earlier
- Operating loss +19% YoY to $11.20 million in Q2 2026
- Swung to net loss of $21.97 million vs. $8.14 million net income
- Recorded $10.59 million non-cash fair value loss on bitcoin holdings
- R&D expenses +23% YoY increase adds to overall cost base
News Explained
KULR reported that it issued no shares through its at-the-market program during the first half of
Market Reaction – KULR
Following this news, KULR has declined 14.48%, reflecting a significant negative market reaction. Our momentum scanner has triggered 23 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $2.54. Trading volume is elevated at 2.2x the average, suggesting increased selling activity.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 06 | Earnings call scheduling | Neutral | +5.8% | Scheduled the second quarter earnings call for August 13 at 4:30 p.m. ET |
| May 14 | 1Q26 earnings report | Negative | -5.5% | Net loss increased despite revenue growth and gross-margin expansion |
| May 08 | Earnings call scheduling | Neutral | +15.2% | Scheduled the first quarter earnings call for May 14 at 4:30 p.m. ET |
| Mar 31 | 4Q25 earnings report | Negative | -14.8% | Full-year net loss widened alongside higher operating expenses and non-cash charges |
| Mar 26 | Earnings call scheduling | Neutral | -8.2% | Scheduled the fourth-quarter and full-year earnings call for March 31 |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history was mixed, with two negative earnings reports aligned with negative reactions while scheduling notices diverged from subsequent price changes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Aug. 13, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a developer of safe, high-power energy systems that enable physical AI across space, defense, drones, data centers, robotics, and other mission-critical applications, today announced its financial results for the second quarter 2026.
Second Quarter 2026 Financial Results:
Revenues: Revenue decreased
Gross Margins: Gross margin was (31)% in the second quarter ended June 30, 2026, compared to
Selling, General and Administrative (SG&A) Expenses: SG&A expenses decreased
R&D Expenses: R&D expenses increased
Operating Loss: Loss from operations increased
Net Loss: Net loss for the second quarter of 2026 was
Management Commentary
KULR Chief Financial Officer Mike Kimel commented, “During the second quarter of 2026, we continued sharpening our focus on KULR’s core energy platform and simplifying the business around our highest-priority growth opportunities. The Bitcoin treasury strategy provided meaningful financial flexibility, but its volatility also had a significant impact on our reported results, including approximately
The Company reported a cash balance of
KULR Technology Group Second Quarter 2026 Earnings Call
Date: Thursday, August 13th, 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 Second 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 that designs and manufactures safe, high-power battery solutions for physical AI and other mission-critical applications. Its KULR ONE® platform integrates advanced battery architecture, thermal management, safety engineering, battery management systems, and power electronics to serve space and defense, drones and electric aviation, AI data-center backup, robotics, and Energy-as-a-Service markets. Based in Webster, Texas, KULR is scaling domestic production to support the growing energy demands of physical AI and autonomous systems. Learn more at KULR.ai.
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Investor Relations:
KULR Technology Group, Inc.
Email: ir@kulr.ai
