What is KULR Technology Group's equipment deposit write down?

KULR Technology Group (KULR) reported equipment deposit write down of $786.4K in Q2 2025.

What does equipment deposit write down mean?

This reflects the reduction in the carrying value of deposits previously paid for equipment that is no longer expected to be delivered or utilized as intended. It serves as a proxy for operational waste or failed capital expenditure projects. Investors track this to evaluate the effectiveness of the company's procurement and asset acquisition processes.

KULR Technology Group KULR Equipment Deposit Write Down

Equipment Deposit Write Down at other companies

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$0-100%

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Datacentrex, Inc. DTCX

$900.03K—

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$397K+1.8%

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$785K+763%

Hour Loop, Inc.HOUR

$409.46K-17.7%

Natural Gas Services GroupNGS

$0-100%

Other financials

Income statement

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Revenue$4.8M+97.9%

Gross profit$1.4M+587%

Operating income-$7.4M+21.8%

Net income-$28.1M-49.5%

EPS (diluted)-$0.61-13.0%

Balance sheet

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Cash & equivalents$7.7M-68.6%

Total debt$1.4M+13.5%

Total equity$94.6M+5.5%

Total assets$105.5M+12.5%

Cash flow

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Operating cash flow-$8.7M+9.6%

CapEx$173.6K+44.4%

Free cash flow-$8.9M+8.9%

Valuation

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Market cap$176.24M-11.1%

Enterprise value$169.92M-5.3%

P/S9.5×-5.8×

Profitability

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Gross margin22.1%-19.3pp

Operating margin-220.5%+77.3pp

Net margin-383.5%+256pp

FCF margin-253.1%+71.2pp

Returns & leverage

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Return on equity-77.3%+12.4pp

Debt / equity0×0.0×

Current ratio1.7×-7.5×

Where this comes from

Reported directly by KULR Technology Group in its filing.

Tagged under the XBRL concept kutg:EquipmentDepositWriteDown.

The official record: KULR Technology Group’s 10-Q, filed August 14, 2025, on SEC EDGAR. View the filing →

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What is KULR Technology Group's equipment deposit write down?: KULR Technology Group (KULR) reported equipment deposit write down of $786.4K in Q2 2025.
What does equipment deposit write down mean?: This reflects the reduction in the carrying value of deposits previously paid for equipment that is no longer expected to be delivered or utilized as intended. It serves as a proxy for operational waste or failed capital expenditure projects. Investors track this to evaluate the effectiveness of the company's procurement and asset acquisition processes.