Bitcoin News Today: KULR Reports 116% Jump in Q3 Revenue While Net Loss Expands, Boosting Investment in R&D and Bitcoin

KULR Technology Group, Inc. (NYSE American: KULR)

to $6.88 million for the third quarter of 2025, fueled by significant gains in both product sales and digital asset mining activities. Despite the substantial revenue growth, the company , or $0.17 per share, compared to a $2.00 million loss, or $0.08 per share, during the same quarter last year. This loss was mainly due to a one-off impairment expense, credit losses on accounts receivable, and higher operating costs, including and .

The company’s gross margin

from 71% in the same period last year, mainly due to higher costs related to service agreements and mining lease expenses. that the robust revenue performance and a combined $24.5 million in cash and receivables put in a strong position to ramp up R&D and drive product innovation, especially in advanced battery technologies. The company for use in space and unveiled a next-generation Battery Management System (kBMS) tailored for aerospace and defense sectors.

and Amprius Technologies were noted as important drivers for the KULR ONE Air product series, which is aimed at the unmanned aerial systems (UAS) market. Additionally, the company with Soluna Holdings, utilizing green energy infrastructure to grow its digital asset holdings.

, and its Bitcoin treasury approach—allocating up to 90% of surplus cash to Bitcoin—further enhances its financial agility. However, the company , as a single customer contributed 69% of Q3 revenue.

Analysts at Seeking Alpha

, pointing to strong trends in AI data centers, telecom infrastructure, and UAVs as major growth engines for the energy storage business.