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Side-by-side financial comparison of KULR Technology Group, Inc. (KULR) and AIRWA INC. (YYAI). Click either name above to swap in a different company.

AIRWA INC. is the larger business by last-quarter revenue ($3.0M vs $2.9M, roughly 1.0× KULR Technology Group, Inc.). AIRWA INC. runs the higher net margin — -7.4% vs -1545.5%, a 1538.1% gap on every dollar of revenue. On growth, AIRWA INC. posted the faster year-over-year revenue change (729.8% vs -15.0%). Over the past eight quarters, KULR Technology Group, Inc.'s revenue compounded faster (28.0% CAGR vs 14.3%).

KULR Technology Group, Inc. develops and manufactures high-performance thermal management and energy safety solutions. Its core offerings include heat dissipation materials, battery safety systems and temperature control components, serving clients across aerospace, electric vehicle, consumer electronics and renewable energy sectors in major global markets.

Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...

KULR vs YYAI — Head-to-Head

Bigger by revenue
YYAI
YYAI
1.0× larger
YYAI
$3.0M
$2.9M
KULR
Growing faster (revenue YoY)
YYAI
YYAI
+744.8% gap
YYAI
729.8%
-15.0%
KULR
Higher net margin
YYAI
YYAI
1538.1% more per $
YYAI
-7.4%
-1545.5%
KULR
Faster 2-yr revenue CAGR
KULR
KULR
Annualised
KULR
28.0%
14.3%
YYAI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
KULR
KULR
YYAI
YYAI
Revenue
$2.9M
$3.0M
Net Profit
$-44.3M
$-221.8K
Gross Margin
-27.2%
75.2%
Operating Margin
-536.6%
1.8%
Net Margin
-1545.5%
-7.4%
Revenue YoY
-15.0%
729.8%
Net Profit YoY
-857.9%
83.8%
EPS (diluted)
$-1.54
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KULR
KULR
YYAI
YYAI
Q4 25
$2.9M
$3.0M
Q3 25
$6.9M
$3.0M
Q2 25
$4.0M
$3.0M
Q1 25
$2.4M
$3.3M
Q4 24
$3.4M
$3.3M
Q3 24
$3.2M
$3.3M
Q2 24
$2.4M
$-701.1K
Q1 24
$1.7M
Net Profit
KULR
KULR
YYAI
YYAI
Q4 25
$-44.3M
$-221.8K
Q3 25
$-7.0M
$1.3M
Q2 25
$8.1M
$552.2K
Q1 25
$-18.8M
$-411.2K
Q4 24
$-4.6M
$-1.4M
Q3 24
$-2.0M
$-4.2M
Q2 24
$-5.9M
Q1 24
$-5.0M
Gross Margin
KULR
KULR
YYAI
YYAI
Q4 25
-27.2%
75.2%
Q3 25
9.1%
75.2%
Q2 25
18.0%
75.2%
Q1 25
8.4%
77.3%
Q4 24
63.6%
77.3%
Q3 24
70.9%
77.3%
Q2 24
23.5%
Q1 24
29.2%
Operating Margin
KULR
KULR
YYAI
YYAI
Q4 25
-536.6%
1.8%
Q3 25
-126.9%
49.7%
Q2 25
-237.9%
42.7%
Q1 25
-385.7%
16.2%
Q4 24
-105.1%
71.2%
Q3 24
-53.7%
74.6%
Q2 24
-219.0%
Q1 24
-266.2%
Net Margin
KULR
KULR
YYAI
YYAI
Q4 25
-1545.5%
-7.4%
Q3 25
-101.3%
42.0%
Q2 25
204.9%
18.4%
Q1 25
-768.1%
-12.6%
Q4 24
-137.1%
-41.7%
Q3 24
-62.9%
-129.0%
Q2 24
-242.2%
Q1 24
-286.4%
EPS (diluted)
KULR
KULR
YYAI
YYAI
Q4 25
$-1.54
$-0.05
Q3 25
$-0.17
Q2 25
$0.22
Q1 25
$-0.07
$-1.41
Q4 24
$-0.37
$6.43
Q3 24
$-0.08
$-1.91
Q2 24
$-0.26
$-30.98
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KULR
KULR
YYAI
YYAI
Cash + ST InvestmentsLiquidity on hand
$13.3M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$121.6M
$165.4M
Total Assets
$129.0M
$172.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KULR
KULR
YYAI
YYAI
Q4 25
$13.3M
$107.0M
Q3 25
$20.6M
$2.5M
Q2 25
$20.6M
$1.4M
Q1 25
$24.4M
$4.3M
Q4 24
$29.8M
$18.1M
Q3 24
$912.4K
$18.2M
Q2 24
$1.0M
$1.8M
Q1 24
$798.8K
Stockholders' Equity
KULR
KULR
YYAI
YYAI
Q4 25
$121.6M
$165.4M
Q3 25
$148.0M
$26.2M
Q2 25
$136.4M
$25.3M
Q1 25
$89.7M
$26.1M
Q4 24
$57.4M
$8.0M
Q3 24
$5.2M
$9.4M
Q2 24
$3.8M
$9.6M
Q1 24
$2.6M
Total Assets
KULR
KULR
YYAI
YYAI
Q4 25
$129.0M
$172.1M
Q3 25
$156.1M
$34.7M
Q2 25
$141.5M
$32.9M
Q1 25
$93.8M
$30.7M
Q4 24
$62.9M
$21.6M
Q3 24
$12.4M
$23.2M
Q2 24
$11.4M
$23.2M
Q1 24
$11.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KULR
KULR
YYAI
YYAI
Operating Cash FlowLast quarter
$-13.8M
$-30.8M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-567.4%
Capex IntensityCapex / Revenue
84.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-47.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KULR
KULR
YYAI
YYAI
Q4 25
$-13.8M
$-30.8M
Q3 25
$-9.3M
$-1.1M
Q2 25
$-11.9M
$-423.7K
Q1 25
$-9.8M
$-133.8K
Q4 24
$-4.8M
$779.4K
Q3 24
$-3.3M
$-601.3K
Q2 24
$-5.3M
$-460.3K
Q1 24
$-3.9M
Free Cash Flow
KULR
KULR
YYAI
YYAI
Q4 25
$-16.2M
Q3 25
$-9.6M
Q2 25
$-12.2M
Q1 25
$-9.9M
Q4 24
$-5.2M
Q3 24
$-3.4M
Q2 24
$-5.4M
Q1 24
$-3.9M
FCF Margin
KULR
KULR
YYAI
YYAI
Q4 25
-567.4%
Q3 25
-138.9%
Q2 25
-306.1%
Q1 25
-404.0%
Q4 24
-155.1%
Q3 24
-105.3%
Q2 24
-222.6%
Q1 24
-224.2%
Capex Intensity
KULR
KULR
YYAI
YYAI
Q4 25
84.0%
Q3 25
3.6%
Q2 25
5.4%
Q1 25
4.9%
Q4 24
11.4%
Q3 24
1.7%
Q2 24
5.0%
Q1 24
0.8%
Cash Conversion
KULR
KULR
YYAI
YYAI
Q4 25
Q3 25
-0.86×
Q2 25
-1.47×
-0.77×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KULR
KULR

Energy Management Platform Segment$1.9M67%
Other$944.5K33%

YYAI
YYAI

Segment breakdown not available.

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