Filing Flows › Kulr Technology Group (KULR) › Q3 2025
Kulr Technology Group (KULR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 18, 2025
Kulr Technology Group (KULR) reported revenue of $6.9M for the third quarter 2025 (Q3 2025), +116% from a year earlier and +88% from the quarter before. Operating margin was -126.9%, net loss $7.0M (101.3% of revenue).
Kulr Technology Group, Q3 2025: revenue $6.9M (+116% year over year), operating margin -126.9%, net loss $7.0M, operating cash flow −$9.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9M | +88% | +116% |
| Operating profit | −$8.7M | — | — |
| Net earnings | −$7.0M | -186% | — |
| Operating cash flow | −$9.6M | — | — |
What changed
Revenue was $6.9M in Q3 2025, up 116% year over year and up 88% from the previous quarter.
Gross margin was 9.1%, down 61.7 points from a year earlier. Operating costs exceeded revenue by $8.7M, an operating margin of -126.9%. Operating expenses grew 136% against revenue growth of 116%. The fastest-growing cost line was SG&A (+129%). The quarter ended with a net loss of $7.0M, after a profit of $8.1M the previous quarter. Non-operating items added $1.8M, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.6M. Non-cash charges added back $331K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $247K exceeded it, leaving free cash flow of −$9.8M.
Questions
What was Kulr Technology Group's revenue in the third quarter 2025?
Kulr Technology Group (KULR) reported revenue of $6.9M for the third quarter 2025 (Q3 2025), +116% from a year earlier and +88% from the quarter before.
Was Kulr Technology Group profitable in the third quarter 2025?
Operating loss was $8.7M (-126.9% of revenue) and net loss $7.0M.