KULR Technology Group Reports Q2 2025 Financial Results, Increased Revenue.

• KULR Technology Group reports Q2 2025 financial results • Increased revenue in Q2 2025 • Solid financial balance sheet from Bitcoin holdings • CEO Michael Mo confident in company's growth • Investing in KULR ONE battery products and R&D efforts • Next phase of growth expected

KULR Technology Group, Inc. (NYSE American: KULR) has reported its financial results for the second quarter of 2025, showcasing a significant increase in revenue and a solid financial balance sheet bolstered by Bitcoin holdings. The company's CEO, Michael Mo, expressed confidence in the company's growth prospects and the potential for future expansion.

Revenue Growth and Financial Performance

In Q2 2025, KULR reported a 63% increase in revenue, reaching $3.97 million compared to $2.43 million in the same period last year. This growth was primarily driven by a 74% increase in product sales, with revenue from product sales reaching approximately $1.98 million. Despite this strong revenue performance, the company reported an operating loss of $9.45 million, up from $5.33 million in the same quarter last year. This increase was attributed to higher selling, general, and administrative expenses and increased investment in research and development [1].

Bitcoin Holdings and Financial Balance Sheet

KULR's Bitcoin holdings played a crucial role in its financial performance. As of June 30, 2025, the company's Bitcoin treasury stood at 1,021 BTC, contributing to a net income of $8.14 million for the second quarter. The company's Bitcoin yield reached 291.2% year-to-date, demonstrating the effectiveness of its Bitcoin acquisition strategy [1].

Investment in KULR ONE Battery Products and R&D

CEO Michael Mo emphasized the company's commitment to investing in KULR ONE battery products and R&D efforts. The company's R&D expenses increased to $2.44 million in the second quarter of 2025, reflecting its planned increase in R&D consulting services. These investments are aimed at accelerating innovation and scalability, positioning KULR for the next phase of growth [1].

Strategic Partnerships and Future Growth

KULR has also secured a $20 million credit facility with Coinbase to bolster its Bitcoin acquisition strategy. The company has successfully deployed 3,570 mining machines, aiming to reach 1.25 EH/s by late summer. These strategic moves indicate KULR's commitment to expanding its Bitcoin mining operations and leveraging its Bitcoin treasury for future growth [1].

Conclusion

KULR Technology Group's Q2 2025 financial results highlight the company's strong revenue growth and solid financial balance sheet, driven by its Bitcoin holdings. With a focus on innovation and strategic partnerships, KULR is well-positioned for future growth and expansion. The company's confidence in its growth prospects is evident in its investments in KULR ONE battery products and R&D efforts.

References

[1] https://www.quiverquant.com/news/KULR+Technology+Group+Reports+Strong+Q2+2025+Financial+Results+with+63%25+Revenue+Increase+and+Expands+Bitcoin+Holdings