What is KULR Technology Group's R&D?

KULR Technology Group (KULR) reported R&D of $1.77M in Q1 2026.

How has KULR Technology Group's R&D changed year-over-year?

KULR Technology Group's R&D decreased by 27.7% year-over-year, from $2.45M to $1.77M.

What is the long-term trend for KULR Technology Group's R&D?

Over 4 years (2021 to 2025), KULR Technology Group's R&D has grown at a 59.5% compound annual growth rate (CAGR), from $1.66M to $10.76M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

KULR Technology Group KULR R&D

R&D at other companies

Honeywell InternationalHON

$492M+18.3%

Enovix CorporationENVX

$26.53M+2.3%

SES AISES

$11.03M-46.2%

NeoVoltaNEOV

$403.89K+1,345%

Energy Vault HoldingsNRGV

$2.59M-32.3%

Fluence Energy, Inc.FLNC

$21.07M-4.7%

Segments

By segment

See full

Energy Management Platform$1.77M-27.7%

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

See full

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

See full

Operating cash flow-$8.7M+9.6%

CapEx$173.6K+44.4%

Free cash flow-$8.9M+8.9%

Valuation

See full

Market cap$176.24M-11.1%

Enterprise value$169.92M-5.3%

P/S9.5×-5.8×

Profitability

See full

Gross margin22.1%-19.3pp

Operating margin-220.5%+77.3pp

Net margin-383.5%+256pp

FCF margin-253.1%+71.2pp

Returns & leverage

See full

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 us-gaap:ResearchAndDevelopmentExpense.

The official record: KULR Technology Group’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KULR Technology Group's R&D?: KULR Technology Group (KULR) reported R&D of $1.77M in Q1 2026.
How has KULR Technology Group's R&D changed year-over-year?: KULR Technology Group's R&D decreased by 27.7% year-over-year, from $2.45M to $1.77M.
What is the long-term trend for KULR Technology Group's R&D?: Over 4 years (2021 to 2025), KULR Technology Group's R&D has grown at a 59.5% compound annual growth rate (CAGR), from $1.66M to $10.76M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.