KULR Technology Q2 Earnings Top Estimates, Shares Surge

KULR Technology Group reported Q2 revenue of $3.97 million, beating estimates of $3.5 million, and a net income of 22 cents per share, beating estimates of a loss of 16 cents per share. The positive earnings were primarily driven by a mark-to-market of the company's Bitcoin holdings. Shares are up 15.94% after-hours, trading at $6.11.

Houston, Aug. 14, 2025 — KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin-Plus Treasury company, reported its second-quarter 2025 financial results today, showcasing significant growth and a strong financial position. The company reported revenues of $3.97 million, a 63% increase year-over-year, and a net income of $8.14 million, or $0.22 per share, compared to a net loss of $5.89 million in the same period last year.

The positive earnings were primarily driven by a mark-to-market increase in the company's Bitcoin holdings. As of June 30, 2025, KULR held over 1,035 BTC, with a yield approaching 300%. The company's Bitcoin treasury strategy has been a key driver of its financial performance, providing a solid financial balance sheet that enables investment in new products and R&D efforts.

Revenue growth was driven by a 74% increase in product sales, reaching approximately $1.98 million. Cash and accounts receivable combined stood at $24.73 million as of June 30, 2025. However, the company reported a gross margin of 18% in the quarter, down from 24% in the same period last year, primarily due to increased labor hours for technical projects. SG&A expenses increased to $6.94 million, up from $4.59 million last year, driven by increases in advertising and marketing services and stock-based compensation. R&D expenses also increased to $2.44 million, reflecting a planned increase in R&D consulting services.

KULR's Chief Financial Officer, Shawn Canter, commented on the results, stating, "We are proud to deliver another revenue record quarter – the highest in KULR’s history. Revenue rose 63% year-over-year. We continue to invest for KULR’s long-term growth and scalability. In parallel, we are executing on our Bitcoin treasury strategy. We hold over 1,035 BTC and a yield approaching 300%. We remain confident in our ability to build shareholder value through our energy management, exoskeleton and BTC strategies."

KULR Technology Group has also announced several strategic developments, including joining the Russell 3000® Index, expanding its Bitcoin holdings, and successfully deploying new Bitcoin mining machines. The company's stock split, which reduced the number of shares from approximately 300 million to approximately 40 million, reflects its broader market positioning strategy.

Shares of KULR Technology Group are up 15.94% after-hours, trading at $6.11. The company has scheduled a conference call for August 14, 2025, at 4:30 p.m. ET to discuss these results.

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133889/0/en/KULR-Technology-Group-Reports-Second-Quarter-2025-Financial-Results.html