KULR: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	16m	11m
Cost of revenue	15m	5m
Gross profit	770,972	5m
Research and development	11m	5m
Selling, general and administrative	28m	16m
Operating expenses	44m	21m
Operating income	−43m	−15m
Net income	−62m	−18m
Earnings per share	−1.56	−0.75
Earnings per share, diluted	−1.56	−0.75
Weighted average shares	40m	23m
Weighted average shares, diluted	40m	23m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	8m	13m	21m	21m	24m	30m	912,417	1m
Receivables	2m	2m	3m	4m	3m	3m	3m	2m
Inventory	1m	581,156	784,609	772,123	485,791	545,467	606,255	535,196
Current assets	17m	26m	29m	31m	31m	34m	5m	4m
Property, plant and equipment	5m	5m	3m	4m	4m	4m	4m	4m
Total assets	106m	129m	156m	141m	94m	63m	12m	11m
Current liabilities	10m	6m	7m	4m	3m	5m	6m	6m
Total liabilities	11m	7m	8m	5m	4m	5m	7m	8m
Equity	95m	122m	148m	136m	90m	57m	5m	4m
Shares outstanding	46m	46m	43m	39m	285m	33m	201m	188m
Shares issued	46m	46m	43m	39m	285m	33m	201m	188m
Treasury shares	21,922	21,922	21,922	21,922	158,698	16,395	131,162	131,162

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−45m	−17m
Depreciation and amortisation	1m	2m
Share-based compensation	7m	3m
Capital expenditure	3m	573,444
Investing cash flow	−89m	−22m
Share buybacks	97,522	500,000
Financing cash flow	117m	68m