KULR Technology Group, Inc. (KULR) Earnings Call Transcripts

KULR Technology Group, Inc.'s Latest Earnings Call - Q4 FY2025

In the fourth quarter and full year of 2025, KULR Technology Group reported a significant net loss of approximately $62 million, primarily due to noncash items, including a $14 million mark-to-market expense related to Bitcoin. Despite this, the company achieved a 51% increase in total revenue to $16.1 million, driven largely by its core battery platform, KULR ONE, which generated $7.3 million in revenue. Management emphasized a renewed focus on scaling battery production and improving gross margins in 2026, with a goal of shipping over 10,000 battery packs per month by the second half of the year.

Reported metrics

Guidance from management

Management is focused on scaling battery production significantly in 2026, with a specific target of shipping over 10,000 battery packs per month. They expect revenue growth to come primarily from the KULR ONE Air platform and telecom battery solutions.

What management said

Yes, Stuart, I'll take that one. I would say the KULR ONE Air for the autonomous platforms are the clearest near-term production momentum. It has expanded beyond the airborne drones to surface and subsea maritime applications as well as land applications. We now have over 20 active customer development agreements or programs across our KULR ONE Air platform. Thousands of battery packs have already been shipped and ...

Yes. We start developing our AI data center BBU product in 2025. And at the end of 2025, we joined the OCP platform membership and which positions us inside the working group that writes the next generation of the power standard for these hyperscaler infrastructures. So now we're building products to meet where the market is heading for the next cycle of growth. 2026 is the year that we really need to work with our...

What analysts pressed on

Analysts expressed concerns regarding the low gross margin of 1% and the significant net loss recorded for 2025. There were questions about the sustainability of revenue growth and the timeline for profitability as the company scales its operations.

Main topics on the call

• Revenue Growth and Focus — KULR reported total revenue of $16.1 million for 2025, a 51% increase year-over-year, with core battery platform revenue at $7.3 million. CEO Michael Mo stated, "Our singular focus is to build and sell more KULR ONE batt...
• Gross Margin Challenges — The company reported a gross margin of only 1% for its battery platform, attributed to high material costs and low production volume. Management noted that "as programs mature and volume increases, those program level co...
• Production Scaling Plans — KULR plans to install an automated production line in the second half of 2026 to enhance efficiency and reduce costs. Mo emphasized that "we will do it relentlessly," indicating a strong commitment to scaling production ...
• Market Engagements and Customer Base — The company currently has over 30 active customer development programs across various sectors, including defense and digital infrastructure. Mo highlighted that "we have an experienced and dedicated team, solid financial...

Read the full KULR Technology Group, Inc. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 KULR Technology Group, Inc. earnings call transcripts on record, spanning August 24, 2021 to May 14, 2026. Based on this history, KULR Technology Group, Inc. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KULR

Exchange

NYSEAM

Country

US

Sector

Industrials

Industry

Electrical Equipment

Calls on record

19

First call

August 24, 2021

Most recent

May 14, 2026

Reporting cadence

quarterly