Revenue Growth
Total revenue of $16.1 million in 2025, representing a 51% increase year-over-year.
Product Revenue Expansion
Product revenue increased 39% year-over-year; product revenue served 47 customers with average revenue per product customer of approximately $108,000 (up ~56% vs. 2024).
Battery Platform Baseline
Battery platform revenue (product sales + contract services) reported at $7.3 million in 2025 (company also referenced a ~$7.6M starting baseline for 2026), establishing a commercial baseline for KULR ONE.
KULR ONE Air Momentum and Production Targets
Over 20 active KULR ONE Air engagements (20+ customer development agreements for air/land/maritime), thousands of drone battery packs shipped to date, and production engagements with two leading U.S. unmanned aerial system companies targeting ~10,000 packs per month in the second half of 2026.
Key Commercial Partnerships and Channel Wins
Awarded a 5-year preferred battery supply agreement with Caban Energy (production packs delivered in Q1 2026) and active NDAA-compliant joint development with Hylio for domestically manufactured batteries and drones.
Strategic Industry Positioning
Joined the Open Compute Project as a Platinum member to influence AI data center power standards and entered a joint development collaboration with a global cell manufacturer for the KULR ONE MAX BBU (AI data center battery), positioning the company for future data center opportunities.
Manufacturing and Margin Improvement Plan
Company plans an automated production line in H2 2026 to reduce per-unit labor costs and improve yield; transitioning multiple programs from prototype to production to drive improved gross margins over time.
Technical and Competitive Strengths
KULR ONE design heritage from NASA Johnson Space Center, partnerships with high-performance cell suppliers (Amprius and Molicel), demonstrated rapid engineering execution (400V counter-UAS system prototype delivered in ~5 weeks), and diverse end-market applicability (autonomous platforms, space, telecom, data centers).