KULR Technology Q2 Profits Surge to $0.22 EPS, Revenue Up 63% YoY

KULR Technology Group reported a swing to profitability in Q2 2025, with GAAP EPS of $0.22 versus a loss in the prior year. Revenue (GAAP) was $3.97 million, up 63% year over year, driven by record product sales and Bitcoin-related gains. However, gross margin (GAAP) declined to 18%, and operating losses widened despite the strong top-line growth.

KULR Technology Group, Inc. (NYSE American: KULR) reported a significant shift to profitability in the second quarter of 2025, posting a GAAP EPS of $0.22 compared to a loss in the prior year. The company's revenue (GAAP) surged to $3.97 million, marking a 63% year-over-year increase, driven primarily by record product sales and Bitcoin-related gains [1].

The company's product sales increased by 74%, reaching approximately $1.98 million compared to $1.13 million in the same quarter last year. This strong performance was bolstered by the company's Bitcoin holdings, which provided a solid financial balance sheet and enabled the company to invest confidently in developing new products and expanding research and development efforts [1].

Despite the robust top-line growth, KULR experienced a decline in gross margin (GAAP) to 18% from 24% in the same period last year. This decrease was primarily attributed to unanticipated labor hours required to complete technical projects. Additionally, operating losses widened, reaching $9.45 million, due to increased spending on Selling, General, and Administrative (SG&A) expenses and Research and Development (R&D) [1].

The company's Bitcoin holdings played a crucial role in its financial performance, with a mark-to-market gain in the second quarter driving a significant portion of the net income. KULR's Bitcoin Treasury strategy, which includes holding over 1,035 BTC, has yielded a yield approaching 300%, reflecting the company's commitment to leveraging Bitcoin as a strategic asset [1].

KULR's strategic initiatives, such as joining the Russell 3000® Index and expanding its Bitcoin holdings, have positioned the company for long-term growth and scalability. The company's Bitcoin-related gains, combined with its strong product sales, highlight its ability to generate value for shareholders through its diversified business model [1].

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