KULR Q2 FY26 revenue falls 43% to $2.08 million; gross loss widens to $638,933
KULR•Quarterly revenue declines and gross loss widens
KULR Technology Group revenue fell 43% to $2.08 million in the quarter ended June 30, 2026.
Gross loss widened to $638,933 from $713,710 gross profit a year earlier, swinging gross margin to -31% from 20%.
- Product sales dropped 67% to $650,163.
- Contract services slid 36% to $355,080.
- Grant revenue was $468,952.
- Digital asset mining revenue declined 46% to $605,982.
Post-quarter, it repaid a $20 million Coinbase loan, releasing 565 BTC; it also sold 333 BTC for about $21.5 million in proceeds.
