Filing Flows › Kulr Technology Group (KULR) › Q1 2026
Kulr Technology Group (KULR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Kulr Technology Group (KULR) reported revenue of $4.8M for the first quarter 2026 (Q1 2026), +98% from a year earlier and +69% from the quarter before. Operating margin was -152.4%, net loss $29.0M (598.8% of revenue).
Kulr Technology Group, Q1 2026: revenue $4.8M (+98% year over year), operating margin -152.4%, net loss $29.0M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8M | +69% | +98% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$29.0M | — | — |
| Operating cash flow | −$8.7M | — | — |
What changed
Revenue was $4.8M in Q1 2026, up 98% year over year and up 69% from the previous quarter.
Gross margin was 29.2%, up 20.8 points from Q1 2025. Operating costs exceeded revenue by $7.4M, an operating margin of -152.4%. Operating expenses fell 9% while revenue rose 98%. The quarter ended with a net loss of $29.0M, narrower than the previous quarter's $44.3M loss. Net interest and other expense of $21.6M was the main reason.
Operating cash flow was −$8.7M. Non-cash charges added back $307K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $18.5M. Capital expenditures of $174K exceeded it, leaving free cash flow of −$8.9M.
Questions
What was Kulr Technology Group's revenue in the first quarter 2026?
Kulr Technology Group (KULR) reported revenue of $4.8M for the first quarter 2026 (Q1 2026), +98% from a year earlier and +69% from the quarter before.
Was Kulr Technology Group profitable in the first quarter 2026?
Operating loss was $7.4M (-152.4% of revenue) and net loss $29.0M.