Form 8-K

8-K — KULR Technology Group, Inc.

Accession: 0001104659-26-061192

Filed: 2026-05-14

Period: 2026-05-14

CIK: 0001662684

SIC: 3670 (ELECTRONIC COMPONENTS & ACCESSORIES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tm2614693d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2614693d1_ex99-1.htm)

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SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

May 14, 2026

KULR

TECHNOLOGY GROUP, INC.

(Exact

name of the registrant as specified in its charter)

Delaware

001-40454

81-1004273

(State or other jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

555

Forge River Road, Suite 100, Webster,

Texas 77598

(Address of principle executive offices) (Zip

code)

Registrant’s telephone number, including

area code: (408) 663-5247

N/A

(Former name or address if changed since last

report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General

Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol(s)

Name of each exchange

on which registered:

Common

Stock

KULR

NYSE

American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act

of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02

Results of Operations and Financial Condition

On May 14, 2026, KULR Technology

Group, Inc. (the “Company”) issued a press release announcing certain financial results for the first quarter ended March

31, 2026. A copy of the press release is incorporated herein by reference and is furnished as Exhibit 99.1.

The information under this

Item 2.02 is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange

Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information

be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or

the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits

(d) Exhibits

The following exhibits are being furnished as part of this Current

Report on Form 8-K.

Exhibit

No.

Description

99.1

Press Release dated May 14, 2026.

104

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SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto

duly authorized.

KULR TECHNOLOGY GROUP, INC.

Date: May 14, 2026

By:

/s/ Michael Mo

Michael Mo

Chief Executive Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2614693d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

KULR Technology Group Reports First Quarter

2026 Financial Results

HOUSTON / GLOBENEWSWIRE / May 14, 2026 / KULR Technology

Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables

the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, mobility applications, hyperscale

AI data centers, and telecom infrastructure OEMs, today announced its financial results for the first quarter 2026.

First Quarter 2026 Financial Results:

Revenues: Revenue increased 98% to $4,846,430 in the first quarter

ended March 31, 2026, from $2,448,606 reported in the same year-ago period.

Gross Margins: Gross margin was 29% in the first quarter ended March

31, 2026, compared to 8% in the same year-ago period.

Selling, General and Administrative (SG&A) Expenses: SG&A expenses

decreased 9% to $6,531,969 in the first quarter ended March 31, 2026, from $7,200,250 reported in the same year-ago period.

R&D expenses: R&D expenses decreased 28% to $1,770,500 in the

first quarter ended March 31, 2026, from $2,449,900 in the same year-ago period.

Operating Loss: Loss from operations decreased 22% to $7,385,177 in

the first quarter ended March 31, 2026, compared to $9,443,805 reported in the same year-ago period.

Net Loss: Net loss for the first quarter of 2026 increased to $28,119,844,

or a net loss of $0.61 per share, compared to a net loss of $18,806,658, or a net loss of $0.54 per share from the same period last year.

Higher net loss in the first quarter of 2026 was primarily driven by a $20,767,713 mark-to-market loss associated with the Company’s

bitcoin holdings.

Management Commentary

KULR Chief Executive Officer, Michael Mo, commented, “First quarter

2026 results demonstrate meaningful progress in our operating performance. Revenue increased 98% year-over-year, partially reflecting

growing customer traction across our core battery and energy systems platforms. At the same time, we reduced SG&A expenses and lowered

our loss from operations by 22%, showing that we are beginning to drive greater discipline and efficiency through the business. While

our reported net loss was impacted by a non-cash mark-to-market loss associated with our bitcoin holdings, the underlying operating trends

show a stronger revenue base, improved cost control, and a clearer path toward scaling KULR’s core business.”

The Company reported a cash balance of $19.0 million as of May 13,

2026.

KULR Technology Group First Quarter 2026 Earnings Call

Date: Thursday, May 14th, 2026

Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)

To access the call, please register using the following link: KULR

First Quarter 2026 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call

access code and PIN required to join the live call. The conference call will be available for replay here via the Investor Relations

section on KULR’s website (www.kulr.ai).

Safe Harbor Statement

This release contains certain forward-looking statements based on our

current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are

based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such

forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our

Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file

with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations,

beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,”

“believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,”

and “would” or similar words. All such forward-looking statements that are provided by management in this release are based

on information available at this time, and management expects that internal expectations may change over time. These statements are not

guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results

to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law,

we assume no obligation to update the information included in this press release, whether as a result of new information, future events

or otherwise.

About KULR Technology Group, Inc.

KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems

platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power

lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale

AI data centers, and telecom infrastructure OEMs. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn

| Instagram | TikTok | Facebook

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulr.ai

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