Short answer
KULR Technology Group, Inc. (KULR) filed its Q1 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5M (up 97.9% year over year) with net income of −$28M.
Q1 2026 key financials · XBRL
- Revenue
- $5M
- +97.9% YoY
- Net income
- −$28M
- −49.5% YoY
- Operating margin
- -152.4%
- Gross margin
- 29.2%
- EPS (diluted)
- −$0.61
- −771.4% YoY
Source: XBRL data from the KULR Technology Group, Inc. (KULR) Q1 2026 10-Q on SEC EDGAR. USD.
KULR Technology Group, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.85M, up 98% YoY from $2.45M, driven by $1.37M grant revenue and 84% product-sales growth
- Grant revenue best-performing line at $1.37M with 100% gross margin
- Mining worst-performing line at negative 57% gross margin versus negative 36% YoY
- Cash $7.7M versus $13.3M at December 31, 2025; operating cash use $8.7M versus $9.6M YoY
- $5.0M Coinbase drawdown; ATM transactions paused through June 30, 2026 amid recurring losses and cash-use risks
Risk Factors
- New $15.0 million Coinbase drawdown, triggered May 13, 2026 borrowing under the Master Loan Agreement
- Financial risk: Facility fully utilized after drawdown, leaving no remaining availability
- Collateral risk: 300 bitcoin pledged against 156.25% required coverage, approximately 272 bitcoin
- Liquidity risk: 7% annual loan fee paid monthly with no scheduled maturity date
- Governance risk: Series A preferred shares may be canceled if CEO Michael Mo leaves all Company positions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other KULR Technology Group, Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.