Filing Flows › Kulr Technology Group (KULR) › Q2 2025
Kulr Technology Group (KULR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Kulr Technology Group (KULR) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), +50% from a year earlier and +49% from the quarter before. Operating margin was -258.8%, net earnings $8.1M (222.9% of revenue).
Kulr Technology Group, Q2 2025: revenue $3.7M (+50% year over year), operating margin -258.8%, net earnings $8.1M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7M | +49% | +50% |
| Operating profit | −$9.5M | — | — |
| Net earnings | $8.1M | — | — |
| Operating cash flow | −$11.8M | — | — |
What changed
Revenue was $3.7M in Q2 2025, up 50% year over year and up 49% from the previous quarter.
Gross margin was 19.5%, down 4.0 points from a year earlier. Operating costs exceeded revenue by $9.5M, an operating margin of -258.8%. Operating expenses grew 72% against revenue growth of 50%. The fastest-growing cost line was Research & development (+87%). Net earnings were $8.1M. The effective tax rate was 0.0%. Non-operating items added $17.6M, 216% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.8M. Non-cash charges added back $295K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $21.9M. Capital expenditures of $214K exceeded it, leaving free cash flow of −$12.0M.
Questions
What was Kulr Technology Group's revenue in the second quarter 2025?
Kulr Technology Group (KULR) reported revenue of $3.7M for the second quarter 2025 (Q2 2025), +50% from a year earlier and +49% from the quarter before.
Was Kulr Technology Group profitable in the second quarter 2025?
Operating loss was $9.5M (-258.8% of revenue) and net earnings $8.1M.