KULR Technology Group Inc. Common Stock (KULR)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach KULR as a Graham-style asset test and a Buffett-style business test. The company sells advanced battery systems and thermal-runaway safety components—a useful niche, with 47 employees and a $100M market cap. But a niche is not a moat unless it produces durable earnings. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.1M and net loss was $22.0M, a -1056.20% net margin as reported. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $4.8M and net loss $29.0M. For FY2025, revenue was $16.2M and net loss $61.9M; FY2024 was $10.7M revenue and $17.5M net loss; FY2023 was $9.8M revenue and $23.7M net loss. Losses in each of the last four years, as the Lynch category notes, mean this is not yet a proven business. At the 2026-10-13 close of $2.16, FairStock calculates P/B 1.38 and P/E -0.92; price is near the low end of its 52-week $1.94-$5.43 range. FairStock's ROE is -97.81%, ROCE -22.76%, FCF -$46.2M, FCF yield -46.2%, Piotroski 3/9, Altman Z -0.20, and FairStock Score 37/100. Debt/equity 0.31 is modest, but the cash burn is severe. Beta 2.31 signals a volatile quote. I see no margin of safety in earnings because there are none; book value and patents may offer some optionality, but not enough to call it cheap on my numbers. Until revenue scales and cash burn narrows, this remains speculation, not value.

In plain English: KULR makes advanced battery systems and heat-management products for space, drones, and electric transport. The business is still small and losing a lot of money, with sales falling in the latest quarter and no annual profit in the last four years. At $2.16, the stock may look inexpensive compared with the value of its assets on the books, but the weak profits and heavy cash burn make it hard to call the price a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer