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Kulr Technology Group cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$9.2M in Q2 2026 · −$44.2M over twelve months

Operating cash flow−$9.0M
Capital spending−$224K
Free cash flow−$9.2M
Cash conversion cycle81 days

Analysis

In Q2 2026, Kulr Technology Group generated −$9.0M of operating cash flow and spent $224K on capital projects, leaving free cash flow of −$9.2M. That is $2.8M more than in Q2 2025 (−$12.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$41.1M; the largest uses were operating cash flow ($41.1M), other investing ($14.5M), capital spending ($3.0M); besides operations, cash came from other financing ($51.8M); the cash balance fell by $7.5M.

Operating cash flow was −$9.0M against net income of −$22.0M. The largest differences: receivables +$2.4M, prepaid and other assets −$969K, stock-based pay +$908K.

Its cash conversion cycle was 81 days (receivables 85 + inventory 49 − payables 54).

Free cash flow

Kulr Technology Group: free cash flow by quarterKulr Technology Group: free cash flow by quarter−$3.4MQ3 2024−$5.2MQ4 2024−$9.7MQ1 2025−$12.0MQ2 2025−$9.8MQ3 2025−$16.2MQ4 2025−$8.9MQ1 2026−$9.2MQ2 2026
Operating cash flow less capital spending.
Kulr Technology Group: operating cash flow against capital spendingKulr Technology Group: operating cash flow against capital spendingOperating cash flowCapital spending−$3.3M$53KQ3 2024−$4.8M$385KQ4 2024−$9.6M$120KQ1 2025−$11.8M$214KQ2 2025−$9.6M$247KQ3 2025−$13.8M$2.4MQ4 2025−$8.7M$174KQ1 2026−$9.0M$224KQ2 2026
Latest (Q2 2026): Operating cash flow −$9.0M, Capital spending $224K.

Capital allocation, year by year

Kulr Technology Group: where the cash came from (up) and went (down), by fiscal yearKulr Technology Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$6.8MFY2021: Net borrowing −$2.5MFY2021: Shares issued $6.6MFY2021: Capital spending −$383K$6.6MFY2021FY2022: Operating cash flow −$17.4MFY2022: Net borrowing $3.8MFY2022: Shares issued $53KFY2022: Capital spending −$2.7M$3.8MFY2022FY2023: Operating cash flow −$12.0MFY2023: Net borrowing $250KFY2023: Shares issued $3.9MFY2023: Capital spending −$2.0MFY2023: Buybacks −$229K$4.2MFY2023FY2024: Operating cash flow −$17.3MFY2024: Net borrowing −$613KFY2024: Shares issued $61.9MFY2024: Capital spending −$573KFY2024: Buybacks −$500K$61.9MFY2024FY2025: Operating cash flow −$44.9MFY2025: Net borrowing −$1.6MFY2025: Shares issued $123MFY2025: Capital spending −$3.0MFY2025: Buybacks −$98K$123MFY2025
Over these 5 years operating cash flow totalled −$98.4M; the largest uses were operating cash flow ($98.4M) and capital spending ($8.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.8M
Debtnone
Net cash$12.8M
Cash runway3 months

Kulr Technology Group is burning cash: its operations consume cash, a free cash flow of −$44.2M a year at the current rate against $12.8M of cash and investments: a runway of about 3 months before any new financing.

Where the cash came from and went

Kulr Technology Group: sources (+) and uses (−) of cash, Q2 2026Kulr Technology Group: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$15.0MOperating cash flow−$9.0MCash drawn (+) / kept (−)−$5.4MOther investing−$360KCapital spending−$224KTaxes on employees’ shares−$39K
Kulr Technology Group: sources (+) and uses (−) of cash, TTM to Q2 2026Kulr Technology Group: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$51.8MOperating cash flow−$41.1MOther investing−$14.5MCash drawn (+) / kept (−)$7.5MCapital spending−$3.0MTaxes on employees’ shares−$603K

From profit to cash

Kulr Technology Group: net income to operating cash flow, Q2 2026Kulr Technology Group: net income to operating cash flow, Q2 2026Net income−$22.0MDepreciation & amortization$269KStock-based pay$908KReceivables$2.4MInventory−$113KPayables−$86KDeferred revenue$356KPrepaid and other assets−$969KOperating cash flow−$9.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202685495481
Q1 202647266310
Q4 202581175642
Q3 202546112235
Q2 202585194758
Q1 2025103216658
Q4 20247343120-5

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$9.0M−$224K$15.0M—−$5.4M−$9.2M
Q1 2026−$8.7M−$174K$5.0M—$5.6M−$8.9M
Q4 2025−$13.8M−$2.4M−$4.8M$15.9M$7.3M−$16.2M
Q3 2025−$9.6M−$247K−$1K$17.8M−$18K−$9.8M
Q2 2025−$11.8M−$214K−$1K$38.3M$3.9M−$12.0M
Q1 2025−$9.6M−$120K−$578K$51.2M$5.4M−$9.7M
Q4 2024−$4.8M−$385K−$902K$58.5M−$28.9M−$5.2M
Q3 2024−$3.3M−$53K$85K$3.4M$105K−$3.4M

Kulr Technology Group: income statement and cash flow

Kulr Technology Group, Q2 2026: revenue $2.1M (-43% year over year), operating margin -538.6%. The chart follows the revenue to costs, profit and cash.

Kulr Technology Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.