Company / R&D Expense
KULR Technology Group, Inc. R&D Expense History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$10.8M
FY2025
5-year range
$289.8K / $10.8M
FY2021-FY2025
Trend
+50.7%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has increased for 4 consecutive years, from $289,772 in FY2021 to $11M in FY2025.
Based on SEC 10-K filings.
$11M in FY2025 with a 5-year CAGR of +84.6%.
Improved from $4M to $11M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +86.3%
- 5-Year CAGR
- +84.6%
- 10-Year CAGR
- -
Key checks
Key Insights
- KULR Technology Group, Inc.'s r&d expense has grown for 4 consecutive years.
- 5-year CAGR of +84.6%, indicating consistent growth.
- In FY2025, r&d expense increased 50.7% year-over-year.
- Lowest r&d expense in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score -78.80 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $10.8M | +50.7% |
| FY2024 | $7.1M | +70.0% |
| FY2023 | $4.2M | +152.5% |
| FY2022 | $1.7M | +473.6% |
| FY2021 | $289.8K | -42.3% |
| FY2020 | $502.2K | -1.2% |
| FY2019 | $508.1K | +40.7% |
| FY2018 | $361.2K | +1128.5% |
| FY2017 | $29.4K | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026