KULR Technology Group, Inc. (KULR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 16.81M | 25.56M | 28.53M | 31.05M | 30.77M | 34.16M | 4.83M | 3.87M | 3.37M | 3.9M | 5.05M | 7.07M | 11.91M | 15.74M | 19.92M | 15.63M | 12.53M | 15.76M | 12.18M | 13.45M |
| Cash & Short-Term Investments | 7.68M | 13.3M | 20.59M | 20.57M | 24.45M | 29.83M | 912.42K | 1.02M | 798.84K | 1.19M | 1.17M | 1.32M | 7.19M | 10.33M | 16.17M | 12.99M | 10.13M | 14.86M | 10.99M | 12.16M |
| Cash Only | 7.68M | 13.3M | 20.59M | 20.57M | 24.45M | 29.83M | 912.42K | 1.02M | 798.84K | 1.19M | 1.17M | 1.32M | 7.19M | 10.33M | 16.17M | 12.99M | 10.13M | 14.86M | 10.99M | 12.16M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3M | 6.02M | 5.49M | 4.16M | 3.48M | 2.7M | 2.69M | 1.99M | 983.31K | 904.05K | 1.3M | 2.59M | 1.65M | 1.54M | 1.34M | 592.45K | 193.09K | 136.33K | 550.38K | 614.78K |
| Days Sales Outstanding | 83.78 | 184.99 | 64.49 | 87.53 | 113.62 | 73.54 | 67.58 | 55.62 | 49.1 | 43.38 | 58.77 | 71.63 | 81.75 | 73.24 | 63.97 | 60.83 | 73.93 | 41.25 | 89.19 | 69.53 |
| Inventory | 1.4M | 581.16K | 784.61K | 970.73K | 485.79K | 545.47K | 606.25K | 546.08K | 1.08M | 1.15M | 1.64M | 1.43M | 1.93M | 2.25M | 1.37M | 284.57K | 881.01K | 0 | 190.77K | 0 |
| Days Inventory Outstanding | 25.98 | 17.25 | 12.91 | 20.33 | 20.7 | 43.13 | 57.1 | 39.79 | 81.9 | 77.77 | 82.83 | 90.26 | 168.54 | 1.1K | 81.8 | 125.18 | 645.07 | - | 113.13 | - |
| Other Current Assets | 4.73M | 5.65M | 446.15K | 4.63M | 1.18M | 690.46K | 245.96K | 306.95K | 423.62K | 69.92K | 676.95K | 777.8K | 369.25K | 923.92K | 207.07K | 91.65K | 222.9K | 115.4K | 172.07K | 144.41K |
| Total Non-Current Assets | 88.7M | 103.41M | 127.53M | 110.42M | 63.04M | 28.76M | 7.53M | 7.53M | 7.94M | 6.96M | 7.56M | 8.19M | 8.2M | 7.89M | 6.01M | 3.75M | 3.48M | 3.47M | 2.2M | 937.15K |
| Property, Plant & Equipment | 6.7M | 6.82M | 5M | 5.16M | 5.64M | 6.25M | 4.88M | 5.25M | 5.77M | 6.16M | 5.1M | 5.73M | 6.07M | 3.52M | 1.21M | 829.13K | 828.41K | 1.04M | 2.15M | 878.21K |
| Fixed Asset Turnover | 0.72x | 0.48x | 1.35x | 0.74x | 0.41x | 0.61x | 0.63x | 0.44x | 0.29x | 0.41x | 0.56x | 0.46x | 0.37x | 0.77x | 1.37x | 0.71x | 0.21x | 0.48x | 0.40x | 1.35x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 342.25K | 370.93K | 470.38K | 505.95K | 541.52K | 577.1K | 612.67K | 648.25K | 683.82K | 719.39K | 754.97K | 790.12K | 750.45K | 720.77K | 207.52K | 210.66K | 213.81K | 216.95K | 0 | 0 |
| Long-Term Investments | 0 | 94M | 120.52M | 3.33M | 55.28M | 20.28M | 366.27K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 81.66M | 2.22M | 1.54M | 101.42M | 1.57M | 1.65M | 1.67M | 1.63M | 1.48M | 80.83K | 1.7M | 1.68M | 1.38M | 3.65M | 4.6M | 2.71M | 2.44M | 2.21M | 58.94K | 58.94K |
| Total Assets | 105.51M | 128.97M | 156.06M | 141.46M | 93.8M | 62.93M | 12.35M | 11.39M | 11.3M | 10.86M | 12.61M | 15.26M | 20.11M | 23.63M | 25.93M | 19.38M | 16.01M | 19.23M | 14.39M | 14.38M |
| Asset Turnover | 0.04x | 0.02x | 0.05x | 0.03x | 0.03x | 0.09x | 0.27x | 0.21x | 0.16x | 0.20x | 0.22x | 0.15x | 0.08x | 0.07x | 0.06x | 0.03x | 0.01x | 0.05x | 0.04x | 0.06x |
| Asset Growth % | 12.48% | 104.95% | 1163.17% | 1141.73% | 729.82% | 479.21% | -2% | -25.34% | -43.79% | -54.02% | -51.38% | -21.27% | 25.57% | 22.85% | 80.23% | 34.76% | 122.3% | 108.85% | 353.63% | 1100.98% |
| Total Current Liabilities | 9.96M | 6.28M | 6.93M | 3.74M | 3.35M | 4.67M | 5.98M | 6.25M | 7.28M | 6.9M | 11.41M | 11.78M | 11.5M | 9.68M | 17.84M | 7.15M | 2.56M | 2.46M | 1.52M | 1.25M |
| Accounts Payable | 1.64M | 3.17M | 1.24M | 1.81M | 1.21M | 2.06M | 1.15M | 1.06M | 2.38M | 2.77M | 1.81M | 1.1M | 895.37K | 1.41M | 957.95K | 301.48K | 188.74K | 454.51K | 67.36K | 122.31K |
| Days Payables Outstanding | 63.22 | 55.72 | 22.43 | 42.23 | 65.69 | 120.44 | 109.78 | 84.12 | 189.09 | 127.68 | 78.73 | 53.68 | 92.84 | 718.03 | 62.14 | 52.65 | 235.49 | 103.28 | 56.24 | 31.42 |
| Short-Term Debt | 379.92K | 366.94K | 3.8M | 0 | 0 | 516.55K | 991.28K | 1.13M | 744.02K | 0 | 5.91M | 7.25M | 7.3M | 5.66M | 14.68M | 5.11M | 155.23K | 417.61K | 412.42K | 407.31K |
| Deferred Revenue (Current) | 2.79K | 107.27K | 21.49K | 0 | 21.14K | 32.77K | 32.77K | 224.66K | 0 | 551.02K | 0 | 0 | 0 | 0 | 0 | 20K | 0 | 132.3K | 158.82K | 29.23K |
| Other Current Liabilities | 7.93M | 1.85M | 10.75K | 275.86K | 38.19K | 25.64K | 2.85M | 2.78M | 470.82K | 285.75K | 607.03K | 546.47K | 330.94K | 296.21K | 264.04K | 1.05M | 265.47K | 843.79K | 345.93K | 262.69K |
| Current Ratio | 1.69x | 4.07x | 4.12x | 8.29x | 9.19x | 7.32x | 0.81x | 0.62x | 0.46x | 0.57x | 0.44x | 0.60x | 1.04x | 1.63x | 1.12x | 2.19x | 4.90x | 6.41x | 8.00x | 10.75x |
| Quick Ratio | 1.55x | 3.98x | 4.00x | 8.03x | 9.05x | 7.21x | 0.71x | 0.53x | 0.31x | 0.40x | 0.30x | 0.48x | 0.87x | 1.39x | 1.04x | 2.15x | 4.56x | 6.41x | 7.88x | 10.75x |
| Cash Conversion Cycle | 46.54 | 146.52 | 54.96 | 65.64 | 68.62 | -3.77 | 14.9 | 11.3 | -58.1 | -6.53 | 62.87 | 108.2 | 157.44 | 454 | 83.63 | 133.36 | 483.52 | - | 146.08 | - |
| Total Non-Current Liabilities | 977.75K | 1.08M | 1.18M | 1.27M | 777.44K | 833.57K | 1.2M | 1.31M | 1.44M | 6.15M | 0 | 0 | 384.8K | 3.45M | 155.76K | 311.33K | 267.9K | 407.9K | 475.54K | 542.34K |
| Long-Term Debt | 977.75K | 1.08M | 0 | 0 | 5.18K | 10.97K | 266.6K | 250K | 250K | 250K | 0 | 0 | 345.38K | 3.2M | 0 | 98.48K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 1.18M | 1.27M | 772.26K | 822.6K | 930.36K | 1.06M | 1.19M | 0 | 0 | 0 | 39.43K | 97.96K | 155.76K | 212.85K | 267.9K | 407.9K | 475.54K | 542.34K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.9M | 0 | 0 | 0 | 157.05K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 10.93M | 7.36M | 8.11M | 5.01M | 4.12M | 5.5M | 7.18M | 7.56M | 8.71M | 13.05M | 11.41M | 11.78M | 11.88M | 13.13M | 18M | 7.46M | 2.82M | 2.87M | 2M | 1.79M |
| Total Debt | 1.36M | 1.45M | 5.39M | 1.76M | 1.19M | 1.85M | 2.7M | 2.93M | 2.62M | 352.19K | 6.08M | 7.49M | 7.96M | 9.17M | 15.06M | 5.63M | 632.69K | 1.09M | 1.15M | 1.2M |
| Net Debt | -6.32M | -11.85M | -15.2M | -18.81M | -23.26M | -27.99M | 1.78M | 1.91M | 1.82M | -842.58K | 4.92M | 6.17M | 770.93K | -1.16M | -1.11M | -7.36M | -9.5M | -13.78M | -9.84M | -10.96M |
| Debt / Equity | 0.01x | 0.01x | 0.04x | 0.01x | 0.01x | 0.03x | 0.52x | 0.76x | 1.01x | - | 5.07x | 2.16x | 0.97x | 0.87x | 1.90x | 0.47x | 0.05x | 0.07x | 0.09x | 0.10x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1357.32x | -3677.33x | -50.51x | 3834.40x | -200.63x | -23.83x | -5.53x | -9.51x | -15.27x | -23.94x | -12.17x | -14.39x | -15.25x | -8.00x | -5.93x | -35.09x | -4564.73x | -4300.32x | -4083.34x | -144.26x |
| Total Equity | 94.58M | 121.61M | 147.96M | 136.45M | 89.68M | 57.43M | 5.17M | 3.84M | 2.59M | -2.18M | 1.2M | 3.47M | 8.23M | 10.49M | 7.93M | 11.92M | 13.19M | 16.37M | 12.39M | 12.59M |
| Equity Growth % | 5.46% | 111.76% | 2759.62% | 3457.92% | 3363.06% | 2731.06% | 331.11% | 10.41% | -68.52% | -120.8% | -84.87% | -70.86% | -37.64% | -35.88% | -35.97% | -5.31% | 179.47% | 167.47% | 2457.05% | 1380.18% |
| Book Value per Share | 2.05 | 3.06 | 3.60 | 3.63 | 0.48 | 0.31 | 0.03 | 0.02 | 0.02 | -0.02 | 0.01 | 0.03 | 0.07 | 0.09 | 0.08 | 0.11 | 0.13 | 0.17 | 0.13 | 0.14 |
| Total Shareholders' Equity | 94.58M | 121.61M | 147.96M | 136.45M | 89.68M | 57.43M | 5.17M | 3.84M | 2.59M | -2.18M | 1.2M | 3.47M | 8.23M | 10.49M | 7.93M | 11.92M | 13.19M | 16.37M | 12.39M | 12.59M |
| Common Stock | 4.63K | 4.61K | 4.26K | 3.95K | 28.47K | 26.48K | 20.13K | 18.81K | 17.33K | 13.4K | 12.77K | 11.89K | 11.8K | 11.32K | 10.77K | 10.72K | 10.49K | 10.48K | 10.2K | 10.06K |
| Retained Earnings | -173.83M | -145.71M | -101.45M | -94.48M | -102.62M | -83.81M | -79.19M | -77.19M | -71.3M | -66.29M | -61.09M | -55.53M | -49.2M | -42.59M | -38.23M | -32.55M | -27.29M | -23.16M | -19.08M | -15.99M |
| Treasury Stock | 0 | -393.74K | -393.74K | -393.74K | -359.55K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -296.22K | -365.2K | -439.73K | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |