Kulr Technology Group, Inc. (KULR) intrinsic value & 10-year financials

Kulr Technology Group, Inc. (KULR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 69.7% a year to $16.2M, with an average return on invested capital of -1280.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.73
Market cap
$68.7M
Revenue (FY2025)
$16.2M
Revenue growth (10-yr CAGR)
69.7%
ROIC (10-yr avg)
-1280.3%
Free cash flow (FY2025)
-$47.9M

KULR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $16.2M -$61.9M -$1.56 -$47.9M -265.9% -89.8%
FY2024 $10.7M -$17.5M -$0.09 -$17.9M -141.9% -61.7%
FY2023 $9.8M -$23.7M -$0.20 -$12.2M -228.0% -9179.0%
FY2022 $4.0M -$19.4M -$0.18 -$20.0M -457.8% -1793.2%
FY2021 $2.4M -$11.9M -$0.15 -$7.2M -477.2% -602.9%
FY2020 $624.0K -$2.9M -$0.03 -$2.8M -375.1% -88.0%
FY2019 $830.4K -$2.0M — -$1.2M -238.4% 429.3%
FY2018 $1.3M -$2.1M — -$1.4M -163.4% -677.4%
FY2017 $235.6K -$2.4M — -$1.1M -1024.2% -626.3%
FY2016 $0 -$35.0K — -$594.7K — -114.0%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

KULR Technology Group, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

KULR Technology Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -47.8% ROIC.

KULR Technology Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, KULR Technology Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-51.82 per share.

KULR stock: frequently asked questions

What is the intrinsic value of Kulr Technology Group, Inc. (KULR) stock?

Graham's formula only works with positive earnings. Kulr Technology Group, Inc. reported diluted EPS of -$1.56 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Kulr Technology Group, Inc. grown?

Revenue went from $0 in fiscal 2016 to $16.2M in fiscal 2025, a compound annual growth rate of 69.7%. Net income was -$61.9M in fiscal 2025.

Does Kulr Technology Group, Inc. generate free cash flow?

Kulr Technology Group, Inc. generated -$47.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 10 reported years.

What is KULR's return on invested capital?

Average ROIC over the last 10 fiscal years was -1280.3%, and average return on equity was -204.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KULR data come from?

From Kulr Technology Group, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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