KULR Technology Group, Inc. reported a 63% increase in revenue to $3.97 million in the second quarter of 2025, with product sales up 74% at $1.98 million. Cash and accounts receivable totaled $24.73 million as of June 30, 2025. Gross margin was 18%, down from 24% due to increased labor hours. Operating loss was $9.45 million, with a net income of $8.14 million driven by a mark-to-market of bitcoin holdings.

KULR Technology Group continues to invest in growth and innovation, aiming for long-term scalability. The company holds over 1,035 BTC with a yield approaching 300%. Recent highlights include joining the Russell 3000® Index, expanding bitcoin holdings to 1,021 BTC, and shipping the K1S 500 XLT for energy storage solutions in the private space sector. The company aims to reach 1.25 EH/s in bitcoin mining operations and has released the 7th Generation Exoskeleton, EXIA.

KULR Technology Group also announced successful demonstrations of a ballistic proof battery for DoD applications and delivery of a pressure-tolerant subsea battery. The company secured a $20 million credit facility with Coinbase and completed a 1-for-8 reverse stock split. Management remains optimistic about driving shareholder value through energy management, exoskeleton, and BTC strategies.

KULR Technology Group will host a conference call on August 14, 2025, at 4:30 p.m. ET to discuss these results. Interested participants can register for the call via the provided link. The company focuses on delivering energy storage solutions for space, aerospace, and defense while leveraging bitcoin as a primary asset in its treasury program. Forward-looking statements are based on current expectations and involve risks and uncertainties. Contact investor relations for more information.

Read more at GlobeNewswire: KULR Technology Group Reports Second Quarter 2025 Financial