Filing Flows › Kulr Technology Group (KULR) › Q1 2025
Kulr Technology Group (KULR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Kulr Technology Group (KULR) reported revenue of $2.4M for the first quarter 2025 (Q1 2025), +40% from a year earlier and -27% from the quarter before. Operating margin was -385.7%, net loss $18.8M (768.1% of revenue).
Kulr Technology Group, Q1 2025: revenue $2.4M (+40% year over year), operating margin -385.7%, net loss $18.8M, operating cash flow −$9.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | -27% | +40% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$18.8M | — | — |
| Operating cash flow | −$9.6M | — | — |
What changed
Revenue was $2.4M in Q1 2025, up 40% year over year and down 27% from the previous quarter.
Gross margin was 8.4%, down 20.8 points from a year earlier. Operating costs exceeded revenue by $9.4M, an operating margin of -385.7%. Operating expenses grew 87% against revenue growth of 40%. The fastest-growing cost line was Research & development (+157%). The quarter ended with a net loss of $18.8M, wider than the previous quarter's $4.6M loss.
Operating cash flow was −$9.6M. Non-cash charges added back $294K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $120K exceeded it, leaving free cash flow of −$9.7M.
Questions
What was Kulr Technology Group's revenue in the first quarter 2025?
Kulr Technology Group (KULR) reported revenue of $2.4M for the first quarter 2025 (Q1 2025), +40% from a year earlier and -27% from the quarter before.
Was Kulr Technology Group profitable in the first quarter 2025?
Operating loss was $9.4M (-385.7% of revenue) and net loss $18.8M.