BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC) reported financial results for the first quarter ended March 31, 2026.
“Digimarc is capitalizing on the convergence of key trends driving increased demand for our solutions, positioning ourselves to benefit from the relentless advance of AI," said Riley McCormack, Digimarc CEO. "In Q1 2026, we made significant progress against our strategy of building the trust layer for the modern world while delivering a 9% sequential increase in ending ARR(1) and expanding our subscription gross profit margin(2) 400 basis points year-over year."
First Quarter 2026 Financial Results
Subscription revenue for the first quarter of 2026 was $4.4 million compared to $5.3 million for the first quarter of 2025. The decrease reflects $1.5 million lower subscription revenue from the expiration of two commercial contracts in 2025, partially offset by an increase from new and existing commercial contracts.
Service revenue for the first quarter of 2026 was $3.2 million compared to $4.1 million for the first quarter of 2025. The decrease primarily reflects $0.5 million of lower commercial service revenue from HolyGrail 2.0 recycling projects, as that work was previously completed.
Total revenue for the first quarter of 2026 was $7.6 million compared to $9.4 million for the first quarter of 2025.
ARR(1) as of March 31, 2026 was $15.0 million compared to $20.0 million as of March 31, 2025. The decrease primarily reflects the expiration of two commercial contracts, one in April 2025 that accounted for a total of $3.7 million of ARR and the other in October 2025 that accounted for $3.1 million of ARR, partially offset by $1.8 million of net increases to ARR from new and existing commercial contracts.
Gross profit margin for the first quarter of 2026 was 60% compared to 65% for the first quarter of 2025. Subscription gross profit margin(2) increased to 90% from 86% and service gross profit margin(2) decreased to 57% from 65% for the first quarter of 2026 compared to the first quarter of 2025.
Non-GAAP gross profit margin for the first quarter of 2026 was 83% compared to 81% for the first quarter of 2025.
Operating expenses for the first quarter of 2026 were $11.7 million compared to $18.2 million for the first quarter of 2025. The decrease primarily reflects $4.2 million of lower cash compensation costs largely due to lower headcount and $3.2 million of lower cash severance costs resulting from the reduction in force in the first quarter of 2025, partially offset by $1.0 million of legal costs associated with the corporate reorganization.
Non-GAAP operating expenses for the first quarter of 2026 were $8.1 million compared to $16.5 million for the first quarter of 2025.
Net loss for the first quarter of 2026 was $7.0 million or ($0.32) per diluted share compared to $11.7 million or ($0.55) per diluted share for the first quarter of 2025.
Non-GAAP net loss for the first quarter of 2026 was $1.6 million or ($0.07) per diluted share compared to $8.5 million or ($0.40) per diluted share for the first quarter of 2025.
At March 31, 2026, cash, cash equivalents and marketable securities totaled $10.0 million compared to $12.9 million at December 31, 2025. Free cash flow usage for the first quarter of 2026 was $2.0 million compared to $5.6 million for the first quarter of 2025.
Conference Call
Digimarc will hold a conference call today (Tuesday, May 12, 2026) to discuss these financial results and to provide a business update. CEO Riley McCormack and CFO Charles Beck will host the call starting at 5:00 p.m. Eastern time (2:00 p.m. Pacific time). A question and answer session will follow management’s prepared remarks.
The conference call and investor presentation will be broadcast live and available for replay here and in the investor section of the company’s website. The conference call script and investor presentation will also be posted to the company’s website shortly before the call.
For those who wish to call in via telephone to ask a question, please dial the number below at least five minutes before the scheduled start time. We encourage you to also login to the live broadcast so you can follow along with the investor presentation.
Toll Free number: 877-407-0832
International number: 201-689-8433
Conference ID number: 13754826
About Digimarc
Digimarc Corporation (NASDAQ: DMRC) is building the trust layer for the modern world. As AI accelerates how we produce, share, and interact with the world, the risks of fraud, counterfeiting, and misinformation are growing exponentially. Our innovative, highly scalable, and ultra-secure solutions make it possible for consumers, businesses, and intelligent systems to instantly verify what's real, protect what matters, and transact with confidence. Digimarc's solutions for loss prevention, authentication, and digital are built to counter the speed and sophistication of today's AI-enabled threats. Trusted by the world's central banks to deter the counterfeiting of global currency, we exist to protect truth in every interaction, spanning both the physical and digital worlds. Learn more at Digimarc.com.
Forward-Looking Statements
Except for historical information contained in this release, the matters described in this release contain various “forward-looking statements.” These forward-looking statements include statements identified by terminology such as “will,” “should,” "may," “expects,” “estimates,” “predicts” and “continue” or other derivations of these or other comparable terms. These forward-looking statements are statements of management’s opinion and are subject to various assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements in this release as a result of changes in economic, business and regulatory factors. More detailed information about risk factors that may affect actual results are outlined in the company’s Form 10-K for the year ended December 31, 2025, and in subsequent periodic reports filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date of this release. Except as required by law, Digimarc undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
Non-GAAP Financial Measures
This release contains the following non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP net loss, Non-GAAP net loss per diluted share, and free cash flow. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. These non-GAAP financial measures are an important measure of our operating performance because they allow management, investors and analysts to evaluate and assess our core operating results from period-to-period after removing non-cash and non-recurring activities that affect comparability. Our management uses these non-GAAP financial measures in evaluating its financial and operational decision making and as a means to evaluate period-to-period comparisons.
Digimarc believes that providing these non-GAAP financial measures, together with the reconciliation to GAAP, helps management and investors make comparisons between us and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to the specific definition being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable SEC rules. These non-GAAP financial measures are not measurements of financial performance or liquidity under GAAP. In order to facilitate a clear understanding of its consolidated historical operating results, investors should examine Digimarc’s non-GAAP financial measures in conjunction with its historical GAAP financial information, and investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternatives to, GAAP financial measures. Non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive of potential future results.
Digimarc Corporation
Consolidated Statements of Operations
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31,
2026
2025
Revenue:
Subscription
$
4,369
$
5,314
Service
3,210
4,054
Total revenue
7,579
9,368
Cost of revenue:
Subscription (2)
456
744
Service (2)
1,378
1,407
Amortization expense on acquired intangible assets
1,208
1,132
Total cost of revenue
3,042
3,283
Gross profit:
Subscription (2)
3,913
4,570
Service (2)
1,832
2,647
Amortization expense on acquired intangible assets
(1,208
)
(1,132
)
Total gross profit
4,537
6,085
Gross profit margin:
Subscription (2)
90
%
86
%
Service (2)
57
%
65
%
Total
60
%
65
%
Operating expenses:
Sales and marketing
2,082
5,078
Research, development and engineering
3,747
7,634
General and administrative
5,555
5,181
Amortization expense on acquired intangible assets
289
271
Total operating expenses
11,673
18,164
Operating loss
(7,136
)
(12,079
)
Other income, net
171
369
Loss before income taxes
(6,965
)
(11,710
)
Provision for income taxes
(1
)
(20
)
Net loss
$
(6,966
)
$
(11,730
)
Net loss per share:
Net loss per share — basic
$
(0.32
)
$
(0.55
)
Net loss per share — diluted
$
(0.32
)
$
(0.55
)
Weighted average shares outstanding — basic
22,008
21,521
Weighted average shares outstanding — diluted
22,008
21,521
Digimarc Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended
March 31,
2026
2025
GAAP gross profit
$
4,537
$
6,085
Amortization of acquired intangible assets
1,208
1,132
Amortization and write-off of other intangible assets (3)
207
220
Stock-based compensation
347
137
Non-GAAP gross profit
$
6,299
$
7,574
Non-GAAP gross profit margin
83
%
81
%
GAAP operating expenses
$
11,673
$
18,164
Depreciation and write-off of property and equipment
(154
)
(146
)
Amortization of acquired intangible assets
(289
)
(271
)
Amortization and write-off of other intangible assets
(121
)
(59
)
Amortization of lease right of use assets under operating leases
(117
)
(98
)
Stock-based compensation
(1,662
)
(1,123
)
Corporate reorganization expenses
(1,223
)
—
Non-GAAP operating expenses
$
8,107
$
16,467
GAAP net loss
$
(6,966
)
$
(11,730
)
Total adjustments to gross profit
1,762
1,489
Total adjustments to operating expenses
3,566
1,697
Non-GAAP net loss
$
(1,638
)
$
(8,544
)
GAAP net loss per diluted share
$
(0.32
)
$
(0.55
)
Non-GAAP net loss
$
(1,638
)
$
(8,544
)
Non-GAAP net loss per diluted share
$
(0.07
)
$
(0.40
)
Free cash flow
Cash flows from operating activities
$
(1,847
)
$
(5,486
)
Purchase of property and equipment
(44
)
(55
)
Capitalized patent costs
(77
)
(88
)
Free cash flow
$
(1,968
)
$
(5,629
)
Digimarc Corporation
Consolidated Balance Sheet Information
(in thousands)
(Unaudited)
March 31,
December 31,
2026
2025
ASSETS
Current assets:
Cash and cash equivalents
$
8,818
$
9,820
Marketable securities
1,145
3,046
Trade accounts receivable, net
7,092
6,513
Other current assets
1,988
1,961
Total current assets
19,043
21,340
Property and equipment, net
989
1,104
Intangibles, net
15,244
17,045
Goodwill
8,923
9,056
Lease right of use assets
3,121
3,238
Other assets
1,190
1,175
Total assets
$
48,510
$
52,958
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and other accrued liabilities
$
6,004
$
4,359
Deferred revenue
4,227
3,993
Total current liabilities
10,231
8,352
Long-term lease liabilities
4,073
4,314
Other long-term liabilities
140
63
Total liabilities
14,444
12,729
Shareholders’ equity:
Preferred stock
50
50
Common stock
22
22
Additional paid-in capital
425,789
424,665
Accumulated deficit
(390,053
)
(383,087
)
Accumulated other comprehensive loss
(1,742
)
(1,421
)
Total shareholders’ equity
34,066
40,229
Total liabilities and shareholders’ equity
$
48,510
$
52,958
Digimarc Corporation
Consolidated Cash Flow Information
(in thousands)
(Unaudited)
Three Months Ended
March 31,
2026
2025
Cash flows from operating activities:
Net loss
$
(6,966
)
$
(11,730
)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and write-off of property and equipment
154
146
Amortization of acquired intangible assets
1,497
1,403
Amortization and write-off of other intangible assets
328
193
Amortization of lease right of use assets under operating leases
117
98
Stock-based compensation
2,009
1,260
Increase (decrease) in allowance for doubtful accounts
21
—
Changes in operating assets and liabilities:
Trade accounts receivable
(566
)
(149
)
Other current assets
(44
)
1,331
Other assets
(44
)
(105
)
Accounts payable and other accrued liabilities
1,624
1,549
Deferred revenue
231
689
Lease liability and other long-term liabilities
(208
)
(171
)
Net cash provided by (used in) operating activities
(1,847
)
(5,486
)
Cash flows from investing activities:
Purchase of property and equipment
(44
)
(55
)
Capitalized patent costs
(77
)
(88
)
Proceeds from maturities of marketable securities
2,128
6,564
Purchases of marketable securities
(227
)
(2,864
)
Net cash provided by (used in) investing activities
1,780
3,557
Cash flows from financing activities:
Purchase of common stock
(885
)
(1,545
)
Repayment of loans
(3
)
(15
)
Net cash provided by (used in) financing activities
(888
)
(1,560
)
Effect of exchange rate on cash
(47
)
26
Net increase (decrease) in cash and cash equivalents
$
(1,002
)
$
(3,463
)
Cash, cash equivalents and marketable securities at beginning of period
$
12,866
$
28,730
Cash, cash equivalents and marketable securities at end of period
9,963
21,567
Net increase (decrease) in cash, cash equivalents and marketable securities
Digimarc NASDAQ: DMRC reported sequential annual recurring revenue growth in the first quarter of 2026 while outlining progress and timing changes in its secure gift card, anti-counterfeiting and digital trust initiatives.
Chief Executive Riley McCormack said the company made “significant progress” in advancing adoption of its secure gift card solution, including the first commercial order for the product and a growing number of retailer discussions. Chief Financial Officer Charles Beck said ending ARR was $15 million in the first quarter, down from $20 million a year earlier but up 9% sequentially.
The year-over-year decline in ARR reflected the previously disclosed loss of two customer contracts in 2025, which accounted for $6.8 million of ARR, Beck said. Excluding those two contracts, ARR increased $1.8 million year over year, including $500,000 of ARR from gift cards in the first quarter.
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Secure Gift Card Rollouts Advance, With One Broader Launch Delayed McCormack said Digimarc closed its first secure gift card commercial order in the quarter, representing more than $500,000 of ARR and covering gift cards from six closed-loop and open-loop brands. The company is now advancing rollout plans with 15 North American retailers, including eight of the 20 largest by sales, up from eight retailers and four of the top 20 at the time of the company’s prior earnings call two months earlier.
McCormack said market engagement has increased across retailers, brands and gift card networks, citing industry summits and meetings with large retailers and a leading program manager. He said some retailers are encouraging major brands to adopt Digimarc’s solution and are engaging with other retailers to create incentives for widely sold brands to move faster.
Digimarc’s rollout with Schnucks is underway, McCormack said. During the question-and-answer portion of the call, he said Schnucks had expanded the cards from 10 stores to 15 stores and is moving toward all of its locations. “They’re very happy with the solution, and we’re really thrilled with them as a wonderful partner,” McCormack said.
However, another retailer’s rollout planned for the summer will be more limited than originally expected, with a full rollout to nearly 600 locations now targeted for January 2027. McCormack attributed the delay to scanner vendor firmware timing, saying two scanner models did not become generally available in the required timeframe, including one model critical to the retailer’s front end. He said the issue was not related to Digimarc’s software, but to base functionality needed for the retailer to push firmware updates at scale. The scanner vendor has since shipped updated firmware, which is undergoing the retailer’s normal acceptance testing.
Beck said the timing shift means gift cards are no longer expected to be the largest contributor to ARR growth in 2026, though the company still expects “significant ARR growth” for the year. He said the change reflects timing of initial rollouts rather than a change in Digimarc’s conviction in the opportunity.
Anti-Counterfeiting and Digital Trust Businesses See Upsells Digimarc also reported momentum in its product authentication business. McCormack said ARR from the company’s anti-counterfeiting solution continues to grow, driven by upsells and new customer wins. In the first quarter, Digimarc closed three upsell deals with existing anti-counterfeiting customers in pharmaceuticals, food and beverage, and consumer goods.
Asked what was driving the anti-counterfeiting upsells, McCormack said it varied by customer. “Sometimes it’s adding new brands, sometimes it’s adding new geography, sometimes it’s adding new functionality,” he said.
In digital trust and integrity, McCormack said Digimarc secured a six-figure upsell with a global technology company that adopted its leak detection solution for web content. He also said the company is progressing discussions with an industry trade group seeking an industrywide solution to a problem made worse by advances in artificial intelligence.
McCormack emphasized Digimarc’s positioning around digital watermarking and the Coalition for Content Provenance and Authenticity, or C2PA, standard. He also said the company is developing an extension of its “trust layer” strategy aimed at agentic AI, where autonomous systems may need scalable ways to verify what is real, authentic and authorized.
First-Quarter Revenue Declines, But Loss Narrows Total revenue for the first quarter was $7.6 million, down from $9.4 million in the same quarter last year. Beck said the $1.8 million decline was evenly split between subscription and service revenue.
Subscription revenue was $4.4 million, down from $5.3 million a year earlier. Service revenue was $3.2 million, down from $4.1 million a year earlier. Subscription gross margin was 90%, up 400 basis points year over year. Service gross margin was 57%, compared with 65% a year earlier. Beck said subscription revenue would have increased $600,000 excluding the two lost customer contracts, which contributed $1.5 million of subscription revenue in the prior-year quarter. Service revenue in the year-ago period included $500,000 from HolyGrail 2.0 recycling projects, compared with none in the latest quarter. He said Digimarc does not expect further service revenue from HolyGrail 2.0 because that program has ended.
Operating expenses were $11.7 million, down 36% from $18.2 million a year earlier. Beck said the decline reflected lower cash compensation costs due to reduced headcount, severance costs incurred last year, and lower consulting, software and hardware costs. Those savings were partly offset by $1.2 million in one-time legal and other costs tied to the corporate reorganization, as well as $500,000 in higher stock-based compensation.
Digimarc reported a net loss of $0.32 per diluted share, compared with a loss of $0.55 per diluted share in the prior-year quarter. On a non-GAAP basis, the company reported a loss of $0.07 per diluted share, compared with a loss of $0.40 per diluted share a year earlier.
Cash Position and Corporate Structure Update Digimarc ended the quarter with $10 million in cash and short-term investments and no debt. The company used a little under $2 million in free cash flow and $900,000 to buy back 169,000 shares as part of its employee stock program. Beck said free cash flow usage improved by $3.7 million from the prior-year period despite revenue headwinds and a $3.4 million unfavorable change in working capital and other activity.
Beck also said Digimarc expects to finalize its new corporate structure, which shareholders approved, on or around May 16. The change will result in a new CUSIP, and transfer agent Broadridge will contact investors about exchanging shares.
McCormack said Digimarc remains focused on three core areas: retail loss prevention, product authentication, and digital trust and integrity. He also said the company continues to selectively pursue opportunities outside those focus areas, including recycling, where Belgian and German market demonstrations remain on track.
About Digimarc NASDAQ: DMRCDigimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.
The company's product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC), a pioneer in digital identity and authentication solutions, today announced the introduction of new provenance and verification infrastructure designed to secure emerging autonomous and AI-enabled workflows. As enterprises increasingly adopt AI systems capable of generating content, orchestrating workflows, and taking action with minimal human intervention, establishing trusted provenance and verifiable authenticity is becom.
Digimarc Corporation (NASDAQ: DMRC), a pioneer in digital identity and authentication solutions, today announced the introduction of new provenance and verification infrastructure designed to secure emerging autonomous and AI-enabled workflows.
As enterprises increasingly adopt AI systems capable of generating content, orchestrating workflows, and taking action with minimal human intervention, establishing trusted provenance and verifiable authenticity is becoming mission critical. Digimarc’s new capabilities are designed to help organizations determine whether digital content and artifacts produced or consumed by autonomous AI agents can be trusted before downstream action occurs.
The OWASP Top 10 for Agentic Applications 2026 identifies artifact integrity, supply chain vulnerabilities, and audit non-repudiation among the highest-impact risks facing agentic deployments today. Without cryptographically verifiable records of what agents consumed and produced, and under what authority they acted, organizations cannot confidently audit agent behavior, satisfy emerging regulatory requirements, or defend against the tampering and manipulation scenarios the OWASP framework was created to defeat.
Grounded in the Coalition for Content Provenance and Authenticity (C2PA) standard—the open specification adopted by organizations including Adobe, Google, Microsoft, OpenAI, and others—Digimarc’s approach combines provenance, verification, and audit capabilities into a standards-based trust layer for AI-powered workflows. Digimarc extends C2PA’s output attestation capability with a trust enforcement layer purpose-built for agentic environments. Every provenance seal is policy-gated, issued only when the identity of the agent, the integrity of the artifact, and the timing of the request all satisfy defined trust criteria.
The initial release centers on a new Model Context Protocol (MCP) server that enables systems and orchestration frameworks to stamp, verify, log, audit, and retrieve provenance information through MCP-compatible interfaces. By exposing provenance as a native capability within modern workflow architectures, organizations can introduce trusted verification and traceability directly into content and automation pipelines without requiring systems to manage the underlying cryptographic infrastructure themselves.
The MCP server is backed by Digimarc’s Illuminate platform and the company’s decades of experience in authentication, watermarking, and trusted identification technologies. For workflows requiring additional durability, Digimarc can combine C2PA manifests with its watermarking technology to help maintain provenance continuity even when metadata is altered or removed during processing.
“The agentic AI era is arriving faster than the trust infrastructure to support it,” said Ken Sickles, EVP and Chief Product Officer at Digimarc. “Organizations are deploying autonomous agents that produce, consume, and act on content at machine speed, and most have no reliable way to verify that the content those agents touched is genuine, unaltered, and attributable. Gartner projects that by 2028, 25% of enterprise AI applications will experience multiple security-related incidents annually. We built this solution because provenance cannot be an afterthought bolted on after deployment. It has to be atomic with the agent’s work, enforced by the runtime, and verifiable by anyone downstream.By grounding our approach in open standards like C2PA and exposing these capabilities through our MCP server, we’re helping to make trusted provenance a native capability for modern digital workflows.”
Digimarc is launching the initiative with a select group of early build partners and platform collaborators to help shape real-world use cases and future roadmap priorities. Initial areas of focus include trusted content workflows, provenance verification, and governed traceability across emerging automation ecosystems.
If interested, contact Digimarc or visit https://www.digimarc.com/solutions/agentic-trust.
About Digimarc
Digimarc (NASDAQ: DMRC) is building the trust layer for the modern world. Our solutions help people, businesses, and intelligent systems verify what’s real, protect what matters, and interact with confidence across physical and digital environments. Learn more at Digimarc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260528177770/en/
BEAVERTON, Ore.--(BUSINESS WIRE)--Digimarc Corporation (NASDAQ: DMRC), the company building the trust layer for the modern world, today announced the appointment of Paul Carreiro as Chief Executive Officer, effective July 6, 2026. Riley McCormack will remain a member of the Company's Board of Directors, supporting Carreiro and the Company in this next phase of growth. Carreiro brings more than twenty-five years of experience scaling global enterprise software platforms and commercializing advan.
HOUSTON, March 26, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), the advanced battery intelligence solution for autonomous platforms, digital infrastructure, e-mobility, and spaceflight applications, will hold a conference call on Tuesday, March 31st at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2025. The financial results will be issued in a press release prior to the call.
KULR management will host the conference call, followed by a question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith via email: [email protected] by 11:00 a.m. ET on Sunday, March 29th, 2026. Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call. The questions will be addressed according to the relevance to the shareholder base, and the appropriateness of the questions in light of public disclosure rules.
KULR Technology Group Fourth Quarter and Full Year 2025 Earnings Call
Date: Tuesday, March 31st, 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 Fourth Quarter and Full Year 2025 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).
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) designs and builds advanced battery systems for autonomous platforms, digital infrastructure, e-mobility and spaceflight applications — sold as products or delivered as a service subscription. KULR’s four revenue engines: KULR ONE hardware, Energy-as-a-Service subscription, Dual-Life battery lifecycle model, and an on-chain AI agent intelligence layer, form the Company’s integrated battery intelligence platform. Learn more at KULR.ai.
HOUSTON, March 31, 2026 (GLOBE NEWSWIRE) -- 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, hyperscale AI data centers, and telecom infrastructure OEMs, today announced its financial results for the fourth quarter and full-year 2025.
KULR CEO Michael Mo commented, “2025 marked a year of meaningful progress for KULR as we strengthened our commercial foundation and continued positioning the Company at the intersection of battery safety, performance, and next-generation energy infrastructure. We are entering 2026 with sharper strategic focus, increasing traction in priority verticals, and confidence in our ability to convert technical leadership into long-term shareholder value.”
Fourth Quarter 2025 Financial Results:
Revenues: Revenue decreased 15% to $2,863,961 in the fourth quarter ended December 31, 2025, from $3,370,594 reported in the same year-ago period.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased 77% to $7,860,094 in the fourth quarter ended December 31, 2025, from $4,437,032 reported in the same year-ago period.
R&D expenses: R&D expenses in the fourth quarter of 2025 increased to $3,545,372 from $1,246,161 in the same period last year.
Operating Loss: Loss from operations was $15,367,084 for the fourth quarter of 2025, compared to $3,540,864 from the same period last year.
Net Loss: Net loss for the fourth quarter of 2025 increased to $44,261,358, or a loss of $.97 per share, compared to a net loss of $4,620,461, or a loss of $0.16 per share from the same period last year. Higher net loss in the fourth quarter of 2025 was primarily driven by a $28,256,664 mark-to-market loss associated with the Company’s bitcoin holdings.
Full-Year 2025 Financial Results:
Revenues: Revenue increased 51% to $16,170,404 in 2025 from $10,737,481 in 2024. The Company continued to build its relationships with a wide range of energy, transport and aerospace partners during the year ended December 31, 2025. These additions reflect management’s commitment to build new customer relationships through a growing pool of referrals and business development leads.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $27,696,969 in 2025 from $15,979,852 in 2024. The increase was due to strategic investment and business and corporate development related activities.
R&D expenses: R&D expenses in 2025 increased to $10,755,036 from $4,738,305 in 2024. The 127% increase was primarily attributable to planned increases in R&D services and personnel during 2025, including approximately $4.5 million of higher costs associated with third-party engineering and development services related to fan development and acoustic studies, the purchase of testing equipment, and investments to support manufacturing expansion.
Operating Loss: Loss from operations was $43,000,505 in 2025, compared to $15,234,959 in 2024.
Net Loss: Net loss for 2025 increased to $61,899,782 or a loss of $1.56 per share, compared to a net loss of $17,523,629, or a loss of $0.75 per share in 2024.
Cash Position: The Company reported cash balances of $13,300,188 as of December 31, 2025, compared to $29,831,858 as of December 31, 2024. In addition, the Company had $93,995,256 of Bitcoin holdings as of December 31, 2025, compared to $20,281,184 as of December 31, 2024.
Management Commentary
KULR Chief Financial Officer, Shawn Canter, said with respect to the fourth quarter and full-year 2025 results, “While overall revenue grew 51% year over year, we are particularly focused on the 39% growth in product revenue as we shift toward a more scalable product-led model. Although our reported net loss included significant non-cash charges and planned investments for future growth, we believe the underlying direction of the business reflects improving commercial traction and a stronger foundation for long-term scale.”
KULR Technology Group Fourth Quarter and Full-Year 2025 Earnings Call
Date: Tuesday, March 31st, 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 Fourth Quarter and Full-Year 2025 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).
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, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.
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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: [email protected]
Kulr stock is testing lower boundaries. Why did KULR hit a new low? Q4 Results Miss EstimatesKulr reported a loss of 97 cents per share, missing the consensus estimate of a 8 cent-loss. In addition, it reported revenue of $2.86 million, missing the consensus estimate of $8.00 million and representing a 15% year-over-year decline
Net loss widened to $44.26 million, primarily driven by a $28.26 million mark-to-market loss tied to the company's bitcoin holdings.
Kulr reported cash balances of $13.30 million as of Dec. 31, 2025, down from $29.83 million a year earlier. The company also held $93.99 million in bitcoin, up significantly from $20.28 million in the prior year.
CEO Michael Mo said the company is entering 2026 with "sharper strategic focus" and "confidence in our ability to convert technical leadership into long-term shareholder value."
KULR Price Action: At the time of publication, Kulr shares are trading 11.81% higher at $2.09, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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KULR Technology Group, Inc. reported dismal fourth-quarter results, with elevated cash burn and negative gross margins. Core battery revenues fell off a cliff without any sort of explanation provided by management on the conference call. In addition, profitability was impacted by a large number of impairment charges including additional write-offs related to the company's failed investment in exoskeleton developer German Bionic.
HOUSTON, April 28, 2026 (GLOBE NEWSWIRE) -- 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, hyperscale AI data centers, and telecom infrastructure OEMs, today announced the appointments of Microsoft director Mr. Ben Frank and pricing and profit optimization specialist Dr. Mike Kimel to its Board of Directors effective immediately. In connection with these appointments, KULR has streamlined its Board to three members, including two majority independent directors, as part of the Company’s ongoing focus to reduce selling, general and administrative (SG&A) expenses in 2026 and drive greater operating efficiency.
Mr. Frank is a technology and enterprise solutions director with extensive experience in applied artificial intelligence, enterprise technology commercialization, and energy-adjacent digital transformation. He currently serves as Director of Workforce AI Solution Engineering at Microsoft (NASDAQ: MSFT), where he leads pre-sales technical teams supporting large enterprise customers deploying AI-driven platforms within Microsoft’s Energy & Resources organization. His background includes advising executive leadership on go-to-market strategy, execution risk, and the application of AI to complex, asset-intensive industries, including energy and industrial sectors. Mr. Frank brings a blend of technical leadership, enterprise sales experience, and hands-on application of artificial intelligence to support growth, operational efficiency, and commercialization. He holds a Bachelor of Science in Mechanical Engineering from the University of California, Santa Barbara.
Dr. Kimel is a pricing and profitability expert with more than 30 years of experience as a corporate executive, consultant, and academic, often serving in all three roles simultaneously. He has advised organizations ranging from Fortune 500 companies to early-stage startups, with particular expertise in complex industrial sectors including aerospace, defense, and manufacturing. He is the Founder and CEO of Pricimetrics, Inc., a pricing and analytics firm focused on improving margin performance, revenue quality, and strategic decision-making. Earlier in his career, he held senior pricing and analytics leadership roles at companies including OmniSource, Toyo Tires, and Sears Holdings. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.
Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group, commented, “Mr. Frank and Dr. Kimel bring expertise at the intersection of artificial intelligence, enterprise sales, and pricing optimization that will be highly valuable as KULR continues to scale. Their experience helps plug critical gaps needed for deeper commercial, pricing, and operational discipline, and aligns directly with our focus on margin expansion, disciplined growth, and more efficient execution.”
The Company is also appointing a Special Advisor to lead implementation of its new Operating Discipline Framework, focused on pricing discipline, capital allocation, cost controls, and operating cadence. A CFA charterholder and CPA with deep FP&A experience across manufacturing, agriculture, financial services, and technology, the Special Advisor will work with leadership to improve margins, strengthen cash flow, and convert growth into durable profitability.
The Board restructuring and new appointments underscore KULR’s continued shift toward disciplined capital allocation, cost management, and scalable growth, as the Company prioritizes investment in its core battery platform and key end markets, including defense, aerospace, and AI-driven infrastructure.
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, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
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.
HOUSTON, April 29, 2026 (GLOBE NEWSWIRE) -- 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, hyperscale AI data centers, and telecom infrastructure OEMs, today announced it received initial purchase orders totaling nearly $1.0 million from a U.S. defense technology company and manufacturer of unmanned aerial systems (“UAS”) specializing in first-person view (“FPV”) drones for military use. Including this initial order, KULR expects total purchase orders from this customer to exceed $5 million, with all related orders expected to be fulfilled and shipped before the end of 2026.
The order is for KULR ONE Air® (K1A) batteries, KULR’s battery platform purpose-built for the rapidly growing UAS market. K1A is designed for UAV and UAM applications and combines lightweight, compact architecture with the safety and reliability standards derived from KULR’s aerospace and defense heritage.
The customer was also involved in Drone Dominance, the Department of War’s $1.1 billion initiative to rapidly equip warfighters with thousands of low-cost, expendable, one-way attack drones, further reflecting KULR’s growing presence in the U.S. defense drone ecosystem.
Earlier this month, Fortune Business Insights projected the global drone defense systems market will grow from $120.5 billion in 2026 to $6.86 trillion by 2034, representing a compound annual growth rate of 65.7% over the forecast period.
"This order marks an exciting milestone in KULR's expansion into the US domestic drone and UAV market," said Michael Mo, Chief Executive Officer of KULR. "With our expanding customer pipeline and a global market projected to grow at more than 65% annually through 2034, I believe KULR ONE Air is entering one of the most compelling growth markets in our industry. Our aerospace and defense heritage, combined with U.S.-based manufacturing, positions us to capture a meaningful share of this expansion."
KULR ONE Air was first introduced last year as a family of advanced lithium-ion battery systems engineered specifically for unmanned aerial systems. Built on KULR’s production platform, K1A is designed to deliver high performance, scalable manufacturing, and competitive cost for demanding drone missions.
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, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.
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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
HOUSTON, May 08, 2026 (GLOBE NEWSWIRE) -- 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, hyperscale AI data centers, and telecom infrastructure OEMs, will hold a conference call on Thursday, May 14th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2026. The financial results will be issued in a press release prior to the call.
KULR management will host the conference call, followed by a question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith via email: [email protected] by 10:00 a.m. ET on Tuesday, May 12th, 2026. Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call. The questions will be addressed according to the relevance to the shareholder base, and the appropriateness of the questions in light of public disclosure rules.
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).
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, hyperscale AI data centers, telecom infrastructure, and mobility applications. Learn more at KULR.ai.
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- 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.
Philadelphia, Pennsylvania--(Newsfile Corp. - May 15, 2026) - Shareholder litigation firm Kaskela Law announces that it is investigating KULR Technology Group, Inc. (NYSE American: KULR) ("KULR") on behalf of the company's current shareholders.
The investigation seeks to determine whether KULR and/or the company's officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions.
KULR shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 for additional information about this investigation and their legal rights and options.
Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
https://kaskelalaw.com/case/kulr-technology/
ABOUT KASKELA LAW:
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the firm's clients never pay any out-of-pocket costs for legal representation. For additional information about Kaskela Law LLC, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.
This communication may constitute attorney advertising in certain jurisdictions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297579
October's 4 Best Penny Stocks: High-Risk, High-Reward PicksKULR Technology Group NYSEAMERICAN: KULR said it made progress in the first quarter of 2026 on revenue growth, margin improvement and cost discipline, while laying out plans to expand battery manufacturing capacity and pursue opportunities across drones, space, maritime systems, data centers and telecom infrastructure.
On the company’s earnings call, KULR reported total revenue of $4.8 million for Q1 2026, up 98% from $2.4 million in Q1 2025. Product sales increased 84% year over year to $2.1 million. The company said overall blended gross margin improved to approximately 29%, compared with 8% in the prior-year quarter, while product sales gross margin was 26%.
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The company also reported that its total loss from operations decreased approximately 22% year over year. KULR said it had approximately $19 million in cash as of the call date and approximately 1,085 bitcoin in its treasury. The company said it is committing all financial resources to its battery business and is not acquiring bitcoin with cash, adding that any bitcoin acquisitions are coming only through existing bitcoin mining contracts.
“One quarter does not make a turnaround, but Q1 is evidence that the vision and discipline we commit to for 2026 is starting to translate into measurable results,” Michael said on the call. He described the company’s core objective for 2026 as scaling the KULR ONE platform to “build more batteries” and “sell more batteries” while converting customer traction into margin-accretive revenue.
Battery Platforms Gain Traction Across Drones, Space and Maritime KULR highlighted its KULR ONE Air platform as a key area of momentum, particularly with U.S. and NDAA-compliant drone manufacturers. Michael said the company’s S3P lift battery is seeing “broad adoption,” and that KULR expanded its lift pack family during the quarter with additional configurations aimed at long-duration flight applications.
The company said it is also advancing battery management systems, or BMS, for 6S, 12S and 18S configurations targeting large UAV platforms. Michael said the design of a mil-spec EMI-resistant BMS for drone-based defense applications has been completed. Customer development activity is increasing across defense, aerospace, space and unmanned systems, he added, with particularly strong growth in UAS battery programs.
During the Q&A portion of the call, Stuart Smith, KULR’s Head of Investor Relations, asked how many KULR ONE Air programs were moving from prototype or development work into production. Michael said multiple programs are in transition, noting that the S3P lift pack is in production, the expanded lift family is moving from design into qualification with customers, and the large UAV BMS systems remain on track with customers. He said KULR has not disclosed a program-by-program count.
KULR also said it has expanded the KULR ONE platform into humanoid robotics, where it is engaged with two customers, and into larger class two and class three drones. Michael said the company is exploring configurations with NDAA-compliant solid-state and lithium metal battery cell providers capable of exceeding 380 Wh/kg.
On the space side, KULR said its KULR ONE Space platform was selected by several additional LEO and GEO missions during the quarter. The company said its XLT and Reach series batteries remain in active deployment across multiple satellite programs. Michael said recent investments in the company’s BMS are enabling higher radiation tolerance and improved current-carrying capabilities.
KULR also updated investors on KULR ONE Triton, its maritime battery family. The company said Triton is being developed and tested in partnership with several OEMs and is intended to bring aerospace-grade and Navy 9310 reliability standards to autonomous surface and subsea systems. KULR said it is testing Triton across solid-state, nickel metal hydride and small-format lithium-ion chemistries.
Data Center and Telecom Opportunities KULR said it continues to advance KULR ONE MAX, its 48-volt high-power battery backup unit platform targeting edge, AI data center and telecom infrastructure applications. Michael said the industry is shifting as AI workloads grow and battery backup moves closer to computing racks, requiring higher safety standards, higher voltage handling and faster response than conventional backup systems.
The company said it attended the Open Compute Project EMEA Summit during the quarter and met with major data center OEMs. Michael said KULR’s focus was to license its propagation-resistant and thermal management intellectual property for data center battery backup unit applications.
KULR also described an opportunity in telecom infrastructure, where Michael said 5G rollouts and rising uptime requirements are pushing operators away from legacy lead-acid systems toward lithium-ion. He said the company has more than half a dozen engagements with telecom service providers around KULR ONE battery-as-a-service. KULR delivered production battery packs against existing supply commitments during the quarter and said it remains on track with manufacturing consolidation milestones discussed on its prior call.
Capacity Expansion and Cost Discipline KULR said it signed a new lease for an additional 25,000 square feet of manufacturing space to support new battery production lines and high-volume customer programs. Michael said the new production lines will be installed at the new facility in Q2 and are expected to start production in Q3. The company said it expects capacity to produce 10,000 battery packs per month.
In response to a question from Smith about the automated production line, Michael said the company expects the added capacity to lower battery unit economics and improve margins. He also said KULR has brought a copper busbar laser cutter in-house, which he said should reduce lead times and costs for high-performance components. KULR is also putting UN 38.3 certification infrastructure in-house to help build, qualify and ship batteries more quickly.
On costs, KULR said R&D expense declined and SG&A expense also fell year over year, though the call included two slightly different figures for the R&D and SG&A declines. Michael said total operating expenses, excluding a $500,000 credit loss, declined 24% year over year. He said the company will continue to be disciplined on its cost structure while investing in growth.
Asked about cash usage and capital allocation priorities for the rest of 2026, Michael said the focus remains on “building more batteries and selling more batteries.” He said cash usage will include capital expenditures for equipment and facilities, working capital for inventory, SG&A, and continued investment in personnel.
Board Changes and Market Positioning KULR also discussed board changes announced April 28. The company appointed Ben Frank of Microsoft and Dr. Mike Kimel, while streamlining the board to three members, two of whom are independent. Michael said the smaller board is intended to reduce SG&A and ensure each director contributes expertise needed as KULR moves from platform development into monetization.
Frank is Director of Workforce AI Solutions Engineering at Microsoft, where he leads engineering teams supporting enterprise customers deploying AI platforms within Microsoft’s Energy and Resource organization. Michael said Frank’s experience is relevant as KULR works to build KULR ONE as an ecosystem platform.
Dr. Kimel has more than 30 years of experience as a corporate executive, consultant and academic, with a focus on pricing strategies and margin performance. Michael said Kimel’s appointment aligns with KULR’s 2026 priorities around product revenue growth, higher margins and reduced costs.
Michael also said recent consolidation in the UAV supply chain validates KULR’s focus on domestic, vertically integrated battery capabilities. He said the industry is consolidating around NDAA compliance, domestic vertical integration and a complete component ecosystem. KULR said it already operates more than 31,000 square feet of vertically integrated R&D and production space in Webster, Texas, with the additional 25,000 square feet of manufacturing capacity being added in Q2.
About KULR Technology Group NYSEAMERICAN: KULRKULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.
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HOUSTON, May 18, 2026 (GLOBE NEWSWIRE) -- 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 that Argo Space Corp. (“Argo”), an orbital transportation and mobility company, has selected KULR as the battery provider for its forthcoming space mission. Under the agreement, KULR will supply its KULR ONE Space (K1S) battery systems, engineered to NASA safety standards, to power critical spacecraft subsystems throughout the mission’s operational lifetime.
“Building a new class of spacecraft to provide transport and maneuver meant designing it from the ground up. KULR had the best solution on the market for a battery that met our unique needs for performance, reliability, and cost. We’re excited to work with them on our first, our next, and our future spacecraft.” – Kirby Carlisle, Argo Chief Operating Officer.
The selection reflects KULR’s growing role as a trusted battery partner for the commercial space industry. The global space battery market is projected to grow to $5.61 billion by 2030, driven by surging demand for crewed and uncrewed deep space programs. Missions beyond LEO (low Earth orbit) impose uniquely severe requirements on energy storage: systems must sustain operation across extreme temperature cycling, prolonged vacuum exposure, and high-radiation environments.
“Being selected by Argo Space is an exciting milestone for KULR,” said Dr. Will Walker, Chief Technology Officer of KULR. “Our heritage at NASA and our decade of work developing battery systems that meet the most stringent space safety standards make KULR uniquely positioned to support missions where there is zero margin for error. This engagement validates the KULR ONE Space platform and opens a new frontier of opportunity as commercial space programs push beyond Earth orbit.”
The KULR ONE Space (K1S) battery system is built on KULR’s lightweight “REACH” battery architecture, which provides high energy density and low mass. K1S systems incorporate strategically selected cells with Initial Lot Assessment (ILA), Lot Acceptance Testing (LAT), and NASA WI-37A Cell Screening protocols.
“Space demands that every component perform flawlessly throughout the mission profile with no opportunity for servicing or replacement,” said Peter Hughes, Vice President of Engineering at KULR Technology Group. “Our team has spent years refining the K1S architecture specifically for these environments — integrating our thermal knowledge, NASA WI-37A screened cells, and comprehensive flight readiness testing in-house. This is exactly the program our KULR ONE Space platform was built for.”
This agreement builds on KULR’s demonstrated space heritage, which includes supplying battery systems that meet NASA safety requirements for Artemis’ crewed spaceflight, an active rideshare mission flight demonstration with Exolaunch aboard a SpaceX launch vehicle, and ongoing supply relationships with multiple commercial space operators. KULR’s Webster, Texas manufacturing and R&D facility will support production and qualification testing for the Argo battery systems.
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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
About Argo Space Corp.
Argo is an El Segundo, CA-based space startup founded in 2022 by SpaceX veterans. Argo is creating orbital logistics with a new class of spacecraft - refuellable space transportation and mobility vehicles designed to deliver customer assets to all orbital regimes and provide unmatched deltaV. The company's unique water-based spacecraft architecture provides cost-effective, flexible services for orbital logistics and capabilities for in-space maneuver, fulfilling a range of commercial and government missions. Argo is building the foundational logistics system for the industrial space age, from low Earth orbit to the Moon. Learn more at www.argospace.com
Find Argo: Website | Linkedin | X
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/271b7bde-dc58-470c-b416-0b40958b92d0
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- 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 that it is advancing next-generation drone battery pack integration using Factorial Inc.’s solid-state and lithium-metal battery cell technologies.
The initiative is part of a broader global effort by Factorial to accelerate deployment of its next-generation battery platform across drone systems in the United States, Europe, and Asia-Pacific. In the United States, KULR is supporting integration work focused on optimizing Factorial cells for demanding unmanned aircraft systems (“UAS”) flight environments through KULR’s expertise in battery safety, thermal management, pack design, and mission-critical energy systems.
As drone missions become longer-range, more autonomous, and increasingly important across commercial, industrial, and defense applications, conventional lithium-ion battery systems can face limitations in endurance, weight, and pulse power. KULR’s work with Factorial cells is intended to support the development of battery pack solutions that can help address these constraints while maintaining a focus on safety, reliability, and manufacturability.
“Factorial is pushing the frontier of solid-state and lithium-metal battery innovation, and its next-generation cell technologies have the potential to meaningfully expand what is possible across electrified flight applications,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “By integrating Factorial’s cells into KULR's advanced battery pack architectures, we believe these technologies can help support higher-energy, higher-power solutions for drone platforms operating in demanding environments, where performance, safety, and reliability are becoming increasingly important.”
“We couldn't be more excited to have KULR as a strategic partner," said Siyu Huang, CEO of Factorial. "They bring best-in-class battery platform and pack integration capabilities to a U.S. drone market that is scaling faster than ever. Solid-state and lithium-metal technology is ready for deployment at scale — and partners like KULR are the ones bringing it into the field.”
KULR and Factorial recently showcased initial battery pack demonstrations at XPONENTIAL 2026 in Detroit, one of the world’s leading events for robotics, autonomy, and uncrewed systems. The demonstration highlighted the potential for Factorial cell-powered battery packs to support next-generation UAS applications across aerospace, defense, robotics, and autonomous system markets.
KULR’s role in the U.S. integration effort builds on its broader strategy to expand the KULR ONE platform into mission-critical battery applications where performance, safety, certification readiness, and manufacturability are essential design requirements. The Company’s KULR ONE Air platform is being developed to support advanced drone, UAS, eVTOL, and electric aviation applications.
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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c70dd55-cb3e-4cd6-8569-f07d2842bd13
Agreement Advances Domestic Drone Production and the Pentagon’s Drone Dominance Initiative
HOUSTON, June 02, 2026 (GLOBE NEWSWIRE) -- 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 it entered into a prototype development and fabrication agreement with a U.S.-based defense drone manufacturer supporting military and commercial unmanned systems applications to design, develop, test, and deliver prototype lithium-ion battery packs for unmanned aerial vehicles (“UAVs”) and handheld controllers.
Under the agreement, KULR will execute system-level design, battery architecture development, prototype fabrication, functional and safety testing, certification support, and production-readiness activities for the customer’s UAV and ground control station platforms. Defense and aerospace battery programs typically progress through multi-quarter design, qualification, and production-readiness cycles before generating volume production revenue. Each design-in — including this prototype agreement — establishes KULR as the qualified battery source for the customer’s platform, creating the foundation for long-term revenue as the platform reaches deployment. KULR’s expanding pipeline of prototype and qualification programs across defense, drone, and mobility customers reflects the leading-indicator value of these engagements.
“KULR sits at the intersection of two of the fastest-growing categories in defense: domestic drone production and the advanced battery systems that power it,” said Michael Mo, Chief Executive Officer of KULR Technology Group. “This agreement puts KULR engineering directly inside a U.S. drone manufacturer’s UAV and ground control programs, with full responsibility for design, certification, and production readiness. As the U.S. accelerates toward fielding hundreds of thousands of drones, KULR’s role as a domestic, safety-certified battery partner becomes more central — and more valuable — to the programs that matter most.”
Last week, The Wall Street Journal reported that the Trump administration is pursuing funding arrangements with drone manufacturers, potentially including equity stakes, to accelerate domestic production and reduce costs. The initiative aligns with the Pentagon’s $1.1 billion Drone Dominance program, which aims to field 300,000 low-cost attack drones by the end of 2027.
In April, the Pentagon requested $75 billion for drones and counter-drone systems, marking one of the largest year-over-year funding increases across any defense category in the Trump Administration’s proposed $1.5 trillion defense budget. The scale of the request confirms drones as a top national defense priority, creating a powerful demand backdrop for U.S.-based drone supply chains and the advanced battery systems that enable them.
The global drone battery market is projected to grow at a CAGR of 17.65% from 2026 through 2035, reaching approximately $45.64 billion by 2035, driven by increasing demand for unmanned aerial systems across defense, commercial, industrial, and logistics applications.
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.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
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.
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/9618d4d4-67b8-4026-a539-4b36d21b727b
HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- 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 applications, today announced the appointments of Dr. Michael Kimel as Chief Financial Officer and Mr. Steven Perez as a new independent Board member of the Company, each effective June 9, 2026. In connection with his appointment as Chief Financial Officer, Dr. Kimel resigned from the Company’s Board of Directors effective June 9, 2026.
Dr. Kimel, an executive economist with more than 30 years of experience improving profitability, optimizing cost structures, and leading data-driven financial strategy, previously served as Audit Committee Chair of KULR’s Board of Directors. Dr. Kimel has spent his career helping organizations improve margins, optimize pricing, and create more disciplined financial and operating frameworks. He founded Pricimetrics, a consulting firm focused on profit maximization, and prior to that served as Senior Vice President of Pricing and Analytics at OmniSource United. Previously he served as Senior Director of Pricing and Market Analytics at Toyo Tire Holdings of Americas Inc. Earlier in his career, he held pricing, analytics, and strategy roles at FirstEnergy, and Sears Holdings. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.
“I am pleased to welcome Mike Kimel as KULR’s Chief Financial Officer,” said Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group. “Mike has already begun helping KULR sharpen its operating discipline, pricing framework, and margin improvement initiatives. His background in financial strategy, economics, and profitability improvement makes him well suited to lead KULR’s next phase of disciplined, profitable growth.”
“I am honored to step into the CFO role at such an important time for KULR,” said Dr. Kimel. “The Company has a significant opportunity to build on its differentiated battery safety and energy systems platform while at the same time implementing its Operating Discipline Framework -- strengthening financial discipline, improving operating leverage, and aligning capital allocation with long-term shareholder value creation. I look forward to working closely with Michael, the Board, and the leadership team supporting KULR’s next stage of growth.”
Steven Perez brings more than 25 years of sales, marketing, product marketing, and go-to-market leadership experience across some of Silicon Valley’s most successful technology companies. Most recently, Mr. Perez served in multiple director-level enterprise sales roles at Twilio (NYSE: TWLO), including Regional Sales Director where he managed large-scale revenue portfolios and led teams providing communications software, customer engagement, and AI solutions to independent software vendors and enterprise platform customers. Earlier in his career, Mr. Perez held sales, product marketing, and field marketing roles at Salesforce, LinkedIn, Adobe EchoSign, Jive Software, Sun Microsystems and Philips Electronics North America. Mr. Perez holds a Bachelor of Science degree in Business Administration with a concentration in Financial Management from California Polytechnic State University, San Luis Obispo.
KULR CEO Michael Mo added, “I am pleased to welcome Steven Perez to KULR’s Board. Steve brings deep enterprise sales and go-to-market experience from category-defining technology companies. As KULR continues to scale its advanced battery systems across demanding commercial, defense, aerospace, and energy infrastructure markets, Steve’s experience building and managing high-performing sales organizations will be highly valuable to the Company.”
“I am excited to join KULR’s Board as the Company continues to commercialize its advanced battery systems and energy management platforms,” said Steven Perez. “KULR is addressing critical power, safety, and performance requirements across markets where reliability is mission-critical. I look forward to working closely with the leadership team to build on the Company’s go-to-market strategy and helping the team scale customer adoption.”
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 applications. Learn more at KULR.ai.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]
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.
Key Takeaways KULR is expanding into drones with KULR ONE Air batteries built for UAS, defense systems and eVTOL platforms.Its thermal management and battery-safety tech targets overheating to boost efficiency and flight time.A U.S. military drone prototype deal and initial orders point to traction. KULR Technology Group, Inc. (KULR - Free Report) is steadily strengthening its position in one of the fastest-growing segments of the technology and defense industries: unmanned aerial systems (UAS), commonly known as drones. As drone adoption accelerates across military, industrial and commercial applications, demand for advanced battery solutions capable of delivering longer flight times, enhanced safety and greater reliability is rising. KULR's expertise in battery safety and thermal management puts it in a favorable position to capitalize on this emerging trend.
KULR Buoyed by Proprietary Technologies, Portfolio StrengthThe global drone market continues to expand rapidly, driven by increasing defense spending, infrastructure inspection, logistics applications and next-generation aerial mobility initiatives. However, battery performance remains a critical challenge for drone manufacturers, as flight duration, payload capacity and operational safety are directly tied to battery technology. KULR specializes in thermal management and energy-storage solutions designed to improve battery performance while reducing safety risks. The company's proprietary technologies help address overheating concerns and enhance battery efficiency, making them particularly attractive for drone applications where reliability is mission-critical.
To strengthen its presence in the UAS market, KULR has launched KULR ONE Air (K1A), a battery platform specifically designed for drones and other unmanned systems. The platform combines KULR's thermal-management technology with high-performance battery cells from industry leaders. The resulting solution is designed to deliver improved energy density, longer flight times and enhanced operational safety.
K1A targets a broad range of applications, including defense drones, commercial unmanned aircraft and emerging electric vertical takeoff and landing (eVTOL) platforms. This significantly expands KULR's addressable market and creates new revenue opportunities beyond its traditional battery safety business.
Defense Exposure: KULR’s Key Growth CatalystOne of the most promising growth drivers for KULR is its increasing exposure to defense-related drone programs. The company recently secured a prototype battery development contract with a U.S.-based military drone manufacturer. Under the agreement, KULR will design and test battery systems for unmanned aerial vehicles and related ground-control equipment. Such prototype programs often serve as stepping stones to larger production contracts. If qualification milestones are achieved, KULR could become a preferred battery supplier for future drone deployments, creating recurring revenue opportunities as production volumes increase.
The company has already announced initial defense-drone battery orders and indicated that the associated customer opportunity could exceed $5 million in 2026, highlighting the growing commercial traction of its drone-focused initiatives.
Price PerformanceKULR is down 64.3% in the past year against the industry’s growth of 89.3%. It has underperformed peers like Diodes Incorporated (DIOD - Free Report) and Lattice Semiconductor Corporation (LSCC - Free Report) . While DIOD has surged 97%, LSCC is up 167.7% over this period.
One-Year Price Performance of KULR
Image Source: Zacks Investment Research
Moving ForwardWhile KULR is poised to benefit from the expanding drone market, growing defense relationships and expertise in battery safety and thermal management, execution risks persist. However, the expanding adoption of drones across defense and commercial markets could provide a meaningful long-term growth opportunity, and investors looking for exposure to the drone ecosystem may consider it over a longer horizon.
KULR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
10-year agreement will directly support AI innovation in the UK's leading academic and research communities, aligned with the goals of the Government's AI Opportunities Action Plan. Reinforces Kao Data's Harlow campus as a leading hub for industrial-scale AI research, enterprise and AI cloud computing via one of the UK's largest AI cloud deployments. Powered by 100% renewable energy and using direct-to-chip liquid cooling to minimise water usage, the deployment at Kao Data reinforces Nebius's approach to sustainability. , /PRNewswire/ -- Kao Data, the specialist developer and operator of data centres engineered for AI and advanced computing, has today announced a multi-megawatt (MW) AI infrastructure deployment with Nebius (NASDAQ: NBIS), the leading AI cloud company, at its Harlow data centre campus.
The 22MW, 10-year agreement will support AI innovation within the UK's world-leading academic and research communities, and the roll-out of the Government's AI Opportunities Action Plan - reinforcing Kao Data's Harlow campus as a leading European hub for industrial-scale AI research, enterprise and GPU-accelerated computing.
Today Nebius is one of the fastest-growing, global leaders in AI cloud computing. Its innovative Nebius AI Cloud platform and managed inference service, Nebius Token Factory, will be hosted within Kao Data's Harlow campus, which is one of the UK's most advanced computing environments, specifically engineered for AI.
Crucially, with Kao Data's Harlow campus powered by 100% renewable energy, supported by HVO-powered generators, and its KLON-03 facility using the latest advancements in energy efficient, direct-to-chip liquid cooling to minimise water usage, the data centre campus will ensure Nebius's UK infrastructure is aligned with the company's approach to sustainable AI.
Speaking on the announcement, Spencer Lamb, CEO, Kao Data, said, "Today marks a significant milestone in the evolution of the Kao Data portfolio and a landmark moment in the UK's AI ambitions. Nebius is an impressive global AI cloud operator, and we are delighted to welcome such a significant deployment into our Harlow data centre campus. This partnership proves that despite challenging macroeconomic circumstances, demand for industrial scale, UK-based, cutting-edge AI remains high, with Kao Data the perfect platform for the latest AI workloads."
"We're pleased to be continuing our expansion in the UK with Kao Data," said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. "The UK is a major destination for AI and is becoming an important part of Nebius's global footprint. By bringing dedicated capacity to support inference workloads, we can enable UK AI builders and enterprises to achieve their AI goals."
A Reference Platform NVIDIA Cloud Partner, Nebius is building a full-stack AI cloud platform for developers and companies — from data and model training to production deployment. Part of the capacity at Kao Data will be dedicated to Nebius Token Factory, a production-scale inference platform that enables AI companies and digital enterprises to deploy and optimise open AI models at scale.
The new 22MW deployment at Kao Data also forms part of Nebius' £1.7 Billion investment into the UK, which was announced this morning — further highlighting Nebius's role in enhancing the country's domestic compute capacity by enabling British organisations and industry to harness the power of AI to drive economic growth via one of the UK's largest AI cloud deployments.
Kao Data's Harlow data centre campus, which is home to the UK's largest cluster of advanced AI, academic research and life science computing workloads, combines world-class infrastructure with a strong sustainability profile that make it perfectly suited to AI and high-performance computing (HPC) systems.
With data centres set to be developed in Park Royal, West London, Greater Manchester and further capacity in Harlow during the coming years, Kao Data is committed to providing the industrial-scale computing power that underpins the UK Government's sovereign AI ambitions.
About Kao Data
Kao Data leads the industry, pioneering the development and operation of UK and European data centres engineered for AI and advanced computing. With hyperscale-inspired facilities east and west of London, and northern England's largest data centre planned for Greater Manchester, we are home to technology's most demanding computing infrastructure.
Its award-winning, NVIDIA DGX-Ready certified data centres are designed, engineered, and operated by one of the industry's most respected teams. Together, this provides colocation customers deploying mission-critical AI, enterprise, and cloud workloads with a secure, scalable, and sustainable compute environment, backed by a guarantee of 100% uptime.
Kao Data's data centre portfolio includes more than 237 MW of IT load, either currently operational, under development or planned – all of which is under-pinned by the highest energy efficiency, sustainability and ESG credentials.
Backed by leading international investors, and with several pioneering 'industry firsts' to our name, Kao Data represents the future in industrial scale, high-capacity data centres for AI and the next generation of compute.
10-year agreement will directly support AI innovation in the UK's leading academic and research communities, aligned with the goals of the Government's AI Opportunities Action Plan.Reinforces Kao Data's Harlow campus as a leading hub for industrial-scale AI research, enterprise and AI cloud computing via one of the UK's largest AI cloud deployments.Powered by 100% renewable energy and using direct-to-chip liquid cooling to minimise water usage, the deployment at Kao Data reinforces Nebius's approach to sustainability., /PRNewswire/ -- Kao Data, the specialist developer and operator of data centres engineered for AI and advanced computing, has today announced a multi-megawatt (MW) AI infrastructure deployment with Nebius (NASDAQ: NBIS), the leading AI cloud company, at its Harlow data centre campus.
The 22MW, 10-year agreement will support AI innovation within the UK's world-leading academic and research communities, and the roll-out of the Government's AI Opportunities Action Plan - reinforcing Kao Data's Harlow campus as a leading European hub for industrial-scale AI research, enterprise and GPU-accelerated computing.
Today Nebius is one of the fastest-growing, global leaders in AI cloud computing. Its innovative Nebius AI Cloud platform and managed inference service, Nebius Token Factory, will be hosted within Kao Data's Harlow campus, which is one of the UK's most advanced computing environments, specifically engineered for AI.
Crucially, with Kao Data's Harlow campus powered by 100% renewable energy, supported by HVO-powered generators, and its KLON-03 facility using the latest advancements in energy efficient, direct-to-chip liquid cooling to minimise water usage, the data centre campus will ensure Nebius's UK infrastructure is aligned with the company's approach to sustainable AI.
Speaking on the announcement, Spencer Lamb, CEO, Kao Data, said, "Today marks a significant milestone in the evolution of the Kao Data portfolio and a landmark moment in the UK's AI ambitions. Nebius is an impressive global AI cloud operator, and we are delighted to welcome such a significant deployment into our Harlow data centre campus. This partnership proves that despite challenging macroeconomic circumstances, demand for industrial scale, UK-based, cutting-edge AI remains high, with Kao Data the perfect platform for the latest AI workloads."
"We're pleased to be continuing our expansion in the UK with Kao Data," said Andrey Korolenko, Chief Product and Infrastructure Officer at Nebius. "The UK is a major destination for AI and is becoming an important part of Nebius's global footprint. By bringing dedicated capacity to support inference workloads, we can enable UK AI builders and enterprises to achieve their AI goals."
A Reference Platform NVIDIA Cloud Partner, Nebius is building a full-stack AI cloud platform for developers and companies — from data and model training to production deployment. Part of the capacity at Kao Data will be dedicated to Nebius Token Factory, a production-scale inference platform that enables AI companies and digital enterprises to deploy and optimise open AI models at scale.
The new 22MW deployment at Kao Data also forms part of Nebius' £1.7 Billion investment into the UK, which was announced this morning — further highlighting Nebius's role in enhancing the country's domestic compute capacity by enabling British organisations and industry to harness the power of AI to drive economic growth via one of the UK's largest AI cloud deployments.
Kao Data's Harlow data centre campus, which is home to the UK's largest cluster of advanced AI, academic research and life science computing workloads, combines world-class infrastructure with a strong sustainability profile that make it perfectly suited to AI and high-performance computing (HPC) systems.
With data centres set to be developed in Park Royal, West London, Greater Manchester and further capacity in Harlow during the coming years, Kao Data is committed to providing the industrial-scale computing power that underpins the UK Government's sovereign AI ambitions.
About Kao Data
Kao Data leads the industry, pioneering the development and operation of UK and European data centres engineered for AI and advanced computing. With hyperscale-inspired facilities east and west of London, and northern England's largest data centre planned for Greater Manchester, we are home to technology's most demanding computing infrastructure.
Its award-winning, NVIDIA DGX-Ready certified data centres are designed, engineered, and operated by one of the industry's most respected teams. Together, this provides colocation customers deploying mission-critical AI, enterprise, and cloud workloads with a secure, scalable, and sustainable compute environment, backed by a guarantee of 100% uptime.
Kao Data's data centre portfolio includes more than 237 MW of IT load, either currently operational, under development or planned – all of which is under-pinned by the highest energy efficiency, sustainability and ESG credentials.
Backed by leading international investors, and with several pioneering 'industry firsts' to our name, Kao Data represents the future in industrial scale, high-capacity data centres for AI and the next generation of compute.
Kaodata.com
View original content:https://www.prnewswire.com/news-releases/nebius-chooses-kao-datas-harlow-campus-for-major-ai-infrastructure-deployment-302794086.html
Throughout 2025, Nebius Group (NBIS +4.80%) focused on expanding its primary artificial intelligence (AI) cloud infrastructure business. This expansion drew investor attention when the company announced two significant agreements with hyperscalers, leading to the full utilization of its available data center capacity.
The stock tripled last year as the company exceeded bold revenue estimates. That guidance has continued to impress investors, and after Nebius reported Q1 results last month, the stock continued to plow higher. Shares soared 67.2% last month, according to data provided by S&P Global Market Intelligence. Investors now need to consider whether the stock has more room to run.
Image source: The Motley Fool.
Eye-popping numbers Despite the company posting sales of only $105 million in the second quarter of 2025, management increased its prior guidance, forecasting an annual revenue run rate of up to $1.1 billion by the end of 2025. It ended up at a revenue run rate of $1.25 billion.
That incredible growth rate is only accelerating. Management now sees over $3 billion in revenue for 2026, ending the year at a rate that could see it more than double again in 2027. The global provider of AI cloud infrastructure is scaling capacity to justify those predictions. And first-quarter results show the demand is there.
Nebius' record pipeline more than quadrupled quarter over quarter in Q1. The company is actively preparing to support that demand.
It's all about compute capacity The shift from AI training to the inference phase is spurring that demand. In the inference phase, a model utilizes the patterns and relationships acquired during training to evaluate new data and generate results.
This process might include activities like image classification, stock price prediction, speech recognition, or any other task the model is designed to perform. Inference is crucial because it enables the practical deployment of AI models, allowing them to provide insights or automate decisions in real-world scenarios.
As recently as last August, Nebius had contracts in place for over 1 gigawatt (GW) of power to support compute needs. That has now quadrupled, with the company saying last month that it expects to exceed 4 GW in contracted capacity by the end of 2026.
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As is the case with many fast-growing technology stocks, though, investors have bid up shares, anticipating a long runway of continued explosive growth. That doesn't mean it's too late to own Nebius shares. It just means that investor expectations should include the possibility that shares could correct in the short- or medium-term, and that it might take an extended period to realize market-beating returns going forward.
This is a fair market value price provided by Massive. Learn more.
52-Week Range$43.89▼
$278.84P/E Ratio66.51
Price Target$203.25
Nebius Group NASDAQ: NBIS is up almost 175% year-to-date, and the momentum shows no signs of slowing. The AI infrastructure company has gone from strength to strength over the past year.
The stock closed at $227.81 on Thursday, not too far from its recent all-time high of $278.84, and the catalyst stack behind its recent move is as compelling as anything in the neocloud sector right now. From a landmark NVIDIA NASDAQ: NVDA endorsement to a multi-billion dollar hedge fund stake, the story and sentiment are accelerating on multiple fronts simultaneously.
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Jensen Huang Calls Nebius a World-Class AI CloudOne of the more interesting and significant catalysts in recent weeks came from the most credible voice in the AI infrastructure world. On June 1, NVIDIA CEO Jensen Huang took the stage at the Computex technology trade show in Taipei, Taiwan, and publicly described Nebius as one of a select group of world-class AI clouds. "Recently we worked with Nebius, and again, they're growing incredibly fast," Huang said, before a slide featuring both companies' logos appeared on screen. He went on to highlight Nebius's impressive roster of customers, including the agentic AI coding platform Cursor, the spatial intelligence leader World Labs, the digital banking provider Revolut, and the e-commerce giant Shopify NASDAQ: SHOP.
Leopold Aschenbrenner's Situational Awareness Takes a $3.3 Billion StakeJust days before Huang's Computex comments, regulatory filings revealed that Situational Awareness LP had acquired more than 12.4 million shares of Nebius, a passive stake representing approximately 5.6% of the company. Situational Awareness is led by Leopold Aschenbrenner, the former OpenAI researcher whose writing on AI safety and long-term AI trajectories has made him one of the most closely watched voices in the AI investment community. The fund oversees a portfolio with a market value of $13.7 billion as of March 31.
The Fundamentals Justify the AttentionThe institutional and celebrity endorsements are arriving against a backdrop of genuine and accelerating fundamental progress. Q1 2026 revenue grew 684% year over year, crushing the consensus estimate. Management reiterated its 2026 ARR target of $7 billion to $9 billion and raised its contracted power capacity guidance to over 4 gigawatts by year-end. Capital expenditure guidance was raised to $20 billion to $25 billion, reflecting the pace at which demand is being contracted and infrastructure is being deployed.
The contracted backlog continues to anchor the revenue visibility story. The $27 billion multi-year deal with Meta Platforms NASDAQ: META, the $17.4 billion commitment from Microsoft NASDAQ: MSFT, and the $2 billion investment from NVIDIA together represent $46 billion in committed and contracted revenue. For a company that was generating $120 million in annualized revenue just 18 months ago, that transformation is genuinely difficult to overstate.
The company has also been moving deliberately up the AI value stack. Three acquisitions have been completed so far this year: Tavily, Eigen AI for $643 million, and Clarifai, targeting inference optimization and agentic search capabilities, deepening the platform's technical moat beyond raw GPU compute.
What Investors Should WatchThe consensus among 15 analysts is Moderate Buy, with a price target of $197. That bear-market level of implied downside based on the target isn’t necessarily a bad thing, though. Instead, it paints the picture of the exceptional momentum and inflows the stock has received in recent months.
Current Price$211.69High Forecast$287.00Average Forecast$203.25Low Forecast$120.00Nebius Group Stock Forecast Details
For example, over the last 12 months, more than $5 billion in institutional inflows have been recorded, compared with almost $2 billion in outflows. Similarly, online awareness has gone mainstream, whereas just over a year ago, there were very few mentions of the company online. Another example of that is analyst coverage. A year ago, only four analysts covered the stock. Now, 15 analysts are covering the name.
With its next earnings not until August 6, the near-term price action will be driven by sector sentiment, further contract announcements, and any additional institutional filings that surface. The stock carries a beta over 4, meaning it moves with significant amplitude in both directions, and investors considering entry at current levels should be aware of this volatility profile. But for those with a longer-term view, the combination of accelerating institutional ownership, mainstream recognition, deepening analyst coverage, and a contracted backlog approaching $50 billion makes the fundamental case difficult to dismiss. The consensus target may sit well below the current price, but the money that matters most has clearly already made up its mind.
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The artificial intelligence revolution is shifting from experimental software to heavy infrastructure and specialized interfaces. Choosing between two hot AI plays, Nebius Group N.V. (NBIS 3.97%) and SoundHound AI (SOUN 3.85%) requires deciding where the greatest value lies.
Nebius Group N.V. operates as a full-stack cloud provider designed specifically for heavy AI workloads, while SoundHound AI focuses on the conversational layer of the technology. While both companies are scaling rapidly to meet modern demand, they offer distinct exposure to the hardware-heavy and software-specific ends of the machine learning market.
The case for Nebius Group N.V.Nebius Group N.V. builds a comprehensive platform for AI workloads, offering everything from model training to production deployment. As investors evaluate opportunities among tech stocks, infrastructure providers like this often represent the backbone of the movement. The company serves global enterprises in healthcare, robotics, and financial services using data centers located across the U.S., Europe, and Israel.
In FY 2025, revenue reached nearly $529.8 million, representing a significant year-over-year increase of roughly 350%. The company reported net income of close to $101.7 million for the same period. This resulted in a net margin of approximately 19.2%, demonstrating the company's ability to generate profit as it scales its cloud footprint.
As of its December 2025 balance sheet, the debt-to-equity ratio, which compares total debt to shareholder equity, is approximately 1.1x. The current ratio, a measure of a company's ability to cover short-term debts with short-term assets, stands at roughly 3.1x. Free cash flow was approximately negative $3.7 billion. Note that stock-based compensation accounted for roughly 21.6% of operating cash flow, which inflates reported cash generation, as SBC is a non-cash expense added back in the cash flow statement.
The case for SoundHound AISoundHound AI provides voice and conversational AI agents that businesses deploy across kiosks, drive-thrus, and in-vehicle systems. Its strategy focuses on the automotive and restaurant industries, helping brands like Hyundai and Stellantis integrate natural language interfaces. For the year ended Dec. 31, 2025, no single customer accounted for more than 10% of total revenues, which helps mitigate the risks associated with customer concentration.
During FY 2025, revenue grew by nearly 99.4% to reach approximately $168.9 million. Despite this strong top-line performance, the company reported a net loss of close to $14.0 million for the fiscal year. The net margin was roughly -8.3%, a significant improvement from the much wider losses reported in previous years.
Risk profile comparisonNebius Group N.V. faces intense competition from larger hyperscalers such as Amazon.com (AMZN 2.39%) and Microsoft (MSFT 1.29%), which possess significantly deeper pockets for data center expansion. The company is also subject to rapid technological shifts that could make its current infrastructure less efficient for future AI models. Furthermore, operating across multiple international jurisdictions subjects the business to complex and evolving data sovereignty and privacy regulations.
SoundHound AI must navigate the risks of "hallucinatory" or inaccurate AI outputs, which could damage its reputation with restaurant and automotive clients. It competes against massive technology companies like Alphabet (GOOGL 1.95%), which have established ecosystems in mobile and vehicle software. Additionally, the business is dependent on third-party cloud connectivity and is sensitive to cyclical downturns in the global automotive market.
Valuation comparisonSoundHound AI appears more attractively priced on a P/S ratio basis, while Nebius Group N.V. trades at a significant premium based on its Forward P/E relative to the broader sector.
MetricNebius Group N.V.SoundHound AISector BenchmarkForward P/E191.6xn/a16.9xP/S ratio103.2x18.9xSector benchmark uses the SPDR XLC sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
AI is suddenly so ubiquitous in our everyday lives and so popular in the stock market that it can be difficult to gauge long-term prospects for related stocks.
To SoundHound AI’s benefit, it’s a more established business, having been involved in speech recognition since being founded in 2005. In the past year, the company has chalked up impressive results, including counting 12 of the world’s 15 largest banks, 4 of the 5 largest automakers, and 4 of the 5 largest airlines among its customers.
It’s fair to question what competitive moat an AI speech recognition business has in an age where AI’s capabilities are growing by leaps and bounds. It’s not beyond the realm of possibility that larger competitors like Alphabet or Apple Inc (AAPL +0.59%) could take over the speech recognition space by leveraging their massive war chests and popularity of their other products.
Nebius Group, N.V., on the other hand, is a newcomer to AI. It used to be part of the Russian Internet giant Yandex. It was split from Yandex to separate the Russian (Yandex) parts of the business from the non-Russian (Nebius) parts. That left Nebius with a lot of cash and few unconnected businesses. Just last year Nebius decided to go all-in on AI, electing to use its large cash pile to buy up thousands of top-tier chips from NVDIA (NVDA 3.39%) and turn itself into a hyperscaler. The audacious move paid off, with annual sales topping $500 million last year. The year prior, before it dove into AI, it sold less than a fifth of that.
If you can stomach NBIS’s very high valuation and believe AI is a long-term, transformational technology, then Nebius Group and its aggressive push to be counted among the giants of AI make it the choice. The lessons of AI, so far, are that size matters.
Order flow analytics analyze real-time buying and selling trends by examining the volume, timing, and order size across both retail and institutional traders. These insights offer a more detailed understanding of price behavior and market sentiment for a stock, allowing the trader or institution to make the most informed decision possible.
NBIS Intraday Performance
At the time of the Power Inflow, NBIS was priced at $223.76. Following the signal:
• Intraday High As Of 2:30PM EST: $234.43 (+4.75%)
This article is for informational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell securities. The analysis is based on stock order flow data, but accuracy is not guaranteed. Investing involves risk, including possible loss of principal, and past performance is not indicative of future results. Please consult a licensed financial advisor before making any investment decisions.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
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LONDON--(BUSINESS WIRE)--Nebius, the AI cloud company, today announced the Physical AI Living Lab, a six-month program that equips British and European robotics startups with NVIDIA's physical AI development tools and Nebius's AI cloud infrastructure.
Physical AI depends on large-scale simulation, synthetic data, and accelerated compute that most early-stage robotics companies cannot assemble on their own. The Physical AI Living Lab removes that barrier, putting the same class of tooling and compute used to build physical AI at scale into the hands of founders, so they can move from simulation to real-world deployment faster.
The Lab builds on Nebius and NVIDIA's collaboration to create a cloud platform for robotics and physical AI. The companies intend to extend the Physical AI Living Lab to other regions over time and bring in further cohorts as the program grows.
Evan Helda, Head of Physical AI at Nebius, said:
"Most robotics teams can build a strong model — the bottleneck is getting the simulation, synthetic data, and compute in place to take it further. The Living Lab is built around that problem: founders get the full NVIDIA physical AI stack on Nebius AI Cloud and direct time with our engineers, so they spend time building robots, not assembling infrastructure. That proximity works both ways — working shoulder-to-shoulder with these teams sharpens how we run physical AI ourselves, and that feedback loop is exactly what we want to replicate as we bring the Lab to more cohorts and regions."
Anthony Hills, Director, UK&I, NVIDIA, said:
"The UK has world-class robotics and AI research, but there's still a real gap between that innovation and scaled, market-ready solutions in physical AI. This lab is about closing that gap by giving UK founders affordable access to the first two computers physical AI needs most: cloud-scale training on Nebius and NVIDIA's full simulation and synthetic data stack, including Cosmos and Isaac, running on NVIDIA RTX PRO GPUs. By removing the compute and tooling barriers that usually slow robotics companies down, we're giving UK startups a clear path from promising prototype to deployed systems that can move the needle for the UK economy and society."
Participating startups in the Physical AI Living Lab will work hands-on using NVIDIA technologies to deploy their physical AI workloads — NVIDIA OSMO for workload orchestration, NVIDIA Cosmos world foundation models, and NVIDIA Isaac Sim and NVIDIA Isaac Lab for robot simulation and training — together with the NVIDIA Physical AI Data Factory Blueprint, all running on Nebius infrastructure. Synthetic data generation is provided through Voxel51's FiftyOne integration, built on Cosmos world foundation models.
The first phase of the Physical AI Living Lab will run on Nebius's UK-based infrastructure, built on NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. Beyond the simulation and training tools, participants build, fine-tune and run their models on Nebius AI Cloud — the company's full-stack platform for taking AI from data and training through to production deployment.
Applications run through the NVIDIA Inception pipeline. The first cohort will begin in September 2026. Engineers from both Nebius and NVIDIA will provide technical guidance throughout the program.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Media kit www.nebius.com/media-kit.
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 30, 2026, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Nebius, the AI cloud company, today announced the Physical AI Living Lab, a six-month program that equips British and European robotics startups with NVIDIA's physical AI development tools and Nebius's AI cloud infrastructure.
Physical AI depends on large-scale simulation, synthetic data, and accelerated compute that most early-stage robotics companies cannot assemble on their own. The Physical AI Living Lab removes that barrier, putting the same class of tooling and compute used to build physical AI at scale into the hands of founders, so they can move from simulation to real-world deployment faster.
The Lab builds on Nebius and NVIDIA's collaboration to create a cloud platform for robotics and physical AI. The companies intend to extend the Physical AI Living Lab to other regions over time and bring in further cohorts as the program grows.
Evan Helda, Head of Physical AI at Nebius, said:
"Most robotics teams can build a strong model — the bottleneck is getting the simulation, synthetic data, and compute in place to take it further. The Living Lab is built around that problem: founders get the full NVIDIA physical AI stack on Nebius AI Cloud and direct time with our engineers, so they spend time building robots, not assembling infrastructure. That proximity works both ways — working shoulder-to-shoulder with these teams sharpens how we run physical AI ourselves, and that feedback loop is exactly what we want to replicate as we bring the Lab to more cohorts and regions."
Anthony Hills, Director, UK&I, NVIDIA, said:
"The UK has world-class robotics and AI research, but there's still a real gap between that innovation and scaled, market-ready solutions in physical AI. This lab is about closing that gap by giving UK founders affordable access to the first two computers physical AI needs most: cloud-scale training on Nebius and NVIDIA's full simulation and synthetic data stack, including Cosmos and Isaac, running on NVIDIA RTX PRO GPUs. By removing the compute and tooling barriers that usually slow robotics companies down, we're giving UK startups a clear path from promising prototype to deployed systems that can move the needle for the UK economy and society."
Participating startups in the Physical AI Living Lab will work hands-on using NVIDIA technologies to deploy their physical AI workloads — NVIDIA OSMO for workload orchestration, NVIDIA Cosmos world foundation models, and NVIDIA Isaac Sim and NVIDIA Isaac Lab for robot simulation and training — together with the NVIDIA Physical AI Data Factory Blueprint, all running on Nebius infrastructure. Synthetic data generation is provided through Voxel51's FiftyOne integration, built on Cosmos world foundation models.
The first phase of the Physical AI Living Lab will run on Nebius's UK-based infrastructure, built on NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. Beyond the simulation and training tools, participants build, fine-tune and run their models on Nebius AI Cloud — the company's full-stack platform for taking AI from data and training through to production deployment.
Applications run through the NVIDIA Inception pipeline. The first cohort will begin in September 2026. Engineers from both Nebius and NVIDIA will provide technical guidance throughout the program.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents and services worldwide.
Nebius is listed on Nasdaq (NASDAQ: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com
Media kit www.nebius.com/media-kit.
Disclaimer
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future financial and business performance, strategy, expected growth, planned investments and capital expenditures, capacity expansion plans, anticipated future financing transactions and expected financial results, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "guide," "intend," "likely," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from the results predicted or implied by such statements, and our reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others: market, macroeconomic and geopolitical conditions; our ability to build, operate and manage our businesses to the desired scale; competitive pressures; technological developments; our ability to secure and retain clients; our ability to secure additional capital to enable the growth of the business; unpredictable sales cycles; and potential pricing pressures; as well as those risks and uncertainties related to our continuing businesses included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on April 30, 2026, which is available on our investor relations website at https://nebius.com/investor-hub and on the SEC website at www.sec.gov.
All information in this press release is as of the date hereof (unless stated otherwise). Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date hereof and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260608542578/en/
Nebius (NASDAQ: NBIS) stock surged more than 4% in pre-market trading on Tuesday, June 9, as the company announced a new Physical AI Living Lab project with Nvidia (NASDAQ: NVDA).
According to the official press release, the project is a six-month program meant to prop up British and European robotics startups by introducing them to Nvidia’s physical AI development tools and Nebius’s own AI cloud infrastructure.
At press time, Nebius stock was sitting at $227.3 in pre-market, with the last closing price at $218. While the past week has been tough for the company – it’s down nearly 20% on the five-day chart – its overall performance this year has been more than solid, as it’s up 142% year-to-date.
24-hour NBIS share price. Source: Google Finance Nebius and Nvidia introduce Physical AI Living Lab Specifically, participants in the Physical AI Living Lab program will be able to leverage Nvidia’s Cosmos, Isaac, and OSMO platforms for simulation, synthetic data generation, and AI model development.
The Living Lab is powered by Nvidia’s latest Blackwell GPUs. This, the partners promise, will give AI startups access to high-performance computing capabilities needed for large-scale robotics training workloads.
“Most robotics teams can build a strong model — the bottleneck is getting the simulation, synthetic data, and compute in place to take it further. The Living Lab is built around that problem: founders get the full NVIDIA physical AI stack on Nebius AI Cloud and direct time with our engineers, so they spend time building robots, not assembling infrastructure,” said Evan Helda, Head of Physical AI at Nebius.
The first cohort of startups is scheduled to begin the program in September 2026. In the future, the two partners intend to extend the Physical AI Living Lab to other regions and bring in further cohorts as the program grows.
Featured image via Shutterstock
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Nebius NBIS is making a bigger UK AI infrastructure push, committing about £1.7 billion to add 3 new deployments built on Nvidia NVDA technology.
The Dutch AI infrastructure company said the expansion will build on its London commercial and AI R&D hub, after launching its first UK deployment of Nvidia Blackwell Ultra infrastructure in November 2025. The 3 new sites will use Nvidia's latest full stack AI factory platform and are expected to reach a combined 65 MW when fully ramped in 2027.
The move gives Nebius a stronger foothold in the UK just as demand for domestic AI compute keeps rising. The company said the project aligns with the UK government's AI Opportunities Action Plan and should support British companies, researchers and public services building AI at scale.
Nebius also pointed to early customer traction, including Revolut using Nebius Token Factory for financial crime agents. Shares rose about 4% premarket, while Nvidia gained about 2%. Investors will now watch whether the UK buildout turns capacity into revenue growth.
Key Takeaways NBIS plans a 1.7B euros U.K. AI expansion with three new NVIDIA-powered infrastructure deployments.Nebius expects its U.K. deployments to deliver 65 MW of AI computing capacity by 2027.NBIS signed a 10-year deal with Kao Data for 22 MW of AI infrastructure at Harlow campus. Nebius Group N.V. (NBIS - Free Report) has emerged as an ambitious player seeking to establish itself as a leading AI cloud provider. Recently, it announced plans to invest approximately £1.7 billion in expanding AI compute capacity across the UK. The investment includes three new deployments of advanced NVIDIA-powered infrastructure. The initiative represents one of the largest AI infrastructure commitments in the country and aligns closely with the U.K. government's ambition to become a global AI powerhouse.
Nebius launched its first U.K. deployment of NVIDIA Blackwell Ultra infrastructure in late 2025. Building on that foundation, the company now plans to establish three additional sites across the UK, deploying the latest generations of NVIDIA’s (NVDA - Free Report) full-stack AI factory platform technology. When fully operational in 2027, these deployments are expected to deliver 65 MW of AI computing capacity. The investment directly supports the U.K. government’s AI Opportunities Action Plan, which seeks to accelerate AI adoption across industries while strengthening domestic technological capabilities.
The U.K. investment is part of a broader strategy by Nebius to establish itself as a leading full-stack AI cloud provider. Recent additions to its platform, including integrations with AI-focused companies such as Tavily, Eigen AI and Clarifai, have enhanced its capabilities in agentic search, inference and AI deployment. Combined with the launch of Nebius AI Cloud 3.5 and expanded serverless AI services, the company is positioning itself as a comprehensive platform for enterprise AI adoption.
To further accelerate the UK’s AI future, NBIS forged a partnership with Kao Data. Per the agreement, Nebius will deploy 22 MW of AI infrastructure at Kao Data’s Harlow data centre campus under a 10-year contract, creating one of the largest AI-focused cloud deployments in the country. NBIS will host its AI Cloud platform and Token Factory inference service at Kao Data’s state-of-the-art campus. The deal supports the U.K. government's AI Opportunities Action Plan and contributes directly to expanding the nation's domestic AI computing capacity.
How NBIS’ Adversaries Ramp Up AI InvestmentsCoreWeave, Inc. (CRWV - Free Report) has built a diversified customer base of leading AI developers and enterprises. Beyond GPUs, it offers a full AI cloud platform with compute, storage, networking and software services. Supported by expanding power capacity and infrastructure investments, the company is well-positioned to meet growing demand for AI cloud services and support future growth. Recently, it became the first AI cloud provider to complete the bring-up and full system-level validation of NVDA Vera Rubin NVL72, a next-generation AI platform, positioning CRWV at the forefront of next-generation AI infrastructure and strengthening its competitive advantage in the rapidly expanding AI cloud market.
Microsoft (MSFT - Free Report) capitalizes on AI business momentum and Copilot adoption alongside accelerating Azure cloud infrastructure expansion. AI business surpassed $37 billion ARR in the fiscal third quarter. The Azure AI platform continues to benefit from demand across AI and non-AI services, with customer demand exceeding available capacity. It added another GW of capacity during the quarter and remains on track to double its overall data center footprint within two years. New data center investments were announced across four continents. In May, it signed new agreements with U.S. and U.K. government partners, the Center for AI Standards and Innovation and the AI Security Institute to advance AI testing and safety evaluation frameworks.
NBIS Price Performance, Valuation and EstimatesShares of Nebius have gained 160.5% year to date compared with the Internet–Software and Services industry’s growth of 11.5%.
Image Source: Zacks Investment Research
From a valuation standpoint, NBIS trades at a forward price-to-sales of 8.45X, higher than the industry’s 4.21X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NBIS’ earnings for 2026 has been revised upward over the past 60 days.
Image Source: Zacks Investment Research
NBIS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Nebius Group N.V. remains a high-conviction AI-native cloud infrastructure play, with shares more than doubling since our last buy call. NBIS commands a premium valuation due to explosive 684% revenue growth, margin expansion, and pivotal positioning in AI hyperscaler capex cycles. Significant risks include ongoing dilution from share issuance, convertible debt, and share-based compensation, alongside potential future slowdowns in AI capex.
Shares of Nebius Group NBIS jumped more than 5% on Tuesday after the AI cloud company launched a new Physical AI Living Lab with NVIDIA (NVDA), expanding its efforts to support robotics startups across the UK and Europe.
Nebius said the six-month program will provide selected startups with access to NVIDIA's physical AI software tools and Nebius AI Cloud infrastructure. The initiative is designed to help companies accelerate the transition from virtual testing environments to real-world deployment of robotics systems.
Nebius said the first group of participants is expected to begin the program in September 2026. The company added that the project may be extended to additional regions over time as demand for physical AI development grows.
Nebius noted that the initial phase will run on its UK-based infrastructure powered by NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. NVIDIA said the collaboration is intended to help startups overcome computing and development hurdles that can slow commercialization efforts.
The launch further expands the relationship between Nebius and NVIDIA as both companies target growing demand for AI-driven robotics applications.
Most companies that have surged by more than 160% in a single year do not continue to make headlines with large-scale expansion announcements.
Nebius Group Today
$222.24 +10.55 (+4.98%)
As of 04:00 PM Eastern
52-Week Range$43.89▼
$278.84P/E Ratio71.69
Price Target$203.25
But Nebius Group NASDAQ: NBIS is not most companies. Even as the stock has pulled back almost 22% from its 52-week high of $278.84 to trade around $218, the fundamental news flow has barely slowed.
The most recent headline, a £1.7 billion UK infrastructure expansion announced June 8 is the kind of development that tends to get overlooked. Especially during a market pullback. But for long-term investors, whether involved or watching from the sidelines, that combination of a meaningful pullback and accelerating fundamental momentum is worth close attention.
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The UK Expansion: A Statement of ScaleOn June 8, Nebius announced it is investing approximately 1.7 billion British pounds (approx. $2.3 billion) to build out AI capacity in the UK through three new deployments of NVIDIA NASDAQ: NVDA infrastructure. The sites will deploy the latest generations of NVIDIA's full-stack AI factory platform technology and are expected to reach a combined capacity of 65 megawatts when fully operational in 2027. Alongside that announcement, Nebius signed a 22-megawatt, 10-year agreement with Kao Data at its Harlow data center campus, supporting AI innovation across UK academic, research, and enterprise communities and aligning directly with the UK government's AI Opportunities Action Plan.
The UK expansion builds on Nebius's first deployment of NVIDIA Blackwell Ultra infrastructure in the country, launched in November 2025. The three new sites deepen that footprint considerably and establish the UK as a primary European hub for Nebius's commercial operations and AI research and development. This follows the March announcement of a 310-megawatt AI factory in Finland and the May announcement of a gigawatt-scale AI factory in Missouri. The geographic diversification across North America and Europe is deliberate, giving Nebius's customers, including enterprises in fintech, healthcare, and AI research, both U.S. and European regional availability as they scale their AI deployments.
Bank of America analyst Tal Liani raised the firm's price target on Nebius to $280 from $240 on June 8, maintaining a Buy rating, citing strengthening compute demand as the direct rationale. The consensus price target across 15 analysts stands at $203.25, with Citi's high target of $287 remaining the most bullish view on the Street.
The Broader Infrastructure StoryThe UK announcement does not exist in isolation regarding scale and expansion. Nebius enters this expansion phase with a contracted backlog of almost $46 billion, anchored by a $27 billion multi-year deal with Meta Platforms NASDAQ: META and a commitment of up to $17.4 billion with Microsoft NASDAQ: MSFT. Q1 2026 revenue of $399 million grew 684% year over year, and management has guided 2026 full-year revenue of $3 billion to $3.4 billion.
Capital expenditure guidance for 2026 was raised to $20 billion to $25 billion, reflecting the pace at which hyperscaler and enterprise demand is being converted into signed contracts and deployable infrastructure. Beginning in the second half of 2026, Nebius will also be among the first AI cloud providers to offer NVIDIA Vera Rubin NVL72, the next-generation reasoning and agentic AI platform, across its U.S. and European data centers.
A Pullback Worth WatchingThe stock is down almost 22% from its 52-week high, pulling back toward the 20-day simple moving average (SMA) after a period of significant outperformance. For investors who missed the earlier move, or who have been waiting for a cleaner entry point, the current setup deserves attention. Especially if the stock can find support between the 20-day SMA and prior higher timeframe support near $180 and $200. Price digestion within that zone could signal stability and a potential higher low forming within its broader uptrend.
Nebius Group N.V. (NBIS) Price Chart for Thursday, June, 11, 2026
The broader market has been under pressure, particularly in high-beta AI infrastructure names, and NBIS, with a beta exceeding 4, is not immune to that dynamic. But pullbacks of this kind in high-momentum growth stocks, especially when accompanied by continued acceleration in the fundamental story rather than any deterioration, have historically been opportunities rather than major risks.
With Q2 earnings estimated for Aug. 6, a bullish analyst coverage base of 15 analysts, over $5 billion in institutional inflows over the past year, and the £1.7 billion UK expansion now adding a substantial new European capacity chapter to the story, the Nebius thesis is as intact as it has ever been.
Should You Invest $1,000 in Nebius Group Right Now?Before you consider Nebius Group, you'll want to hear this.
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Finding artificial intelligence (AI) stocks to buy now and hold over the next decade is tricky. Nobody knows for sure what AI will hold, but every investor knows that buying now gives the best shot at maximum returns. The question is, which ones to buy?
I've got two rapidly growing stocks that look like strong stock picks for the next decade. However, there is an increased risk with these two, so returns aren't guaranteed. But if they do pan out, they could easily crush their peers.
Image source: Getty Images.
SoundHound AI SoundHound AI (SOUN +3.70%) is involved in a critical area of AI. Currently, most interactions with generative AI are via a keyboard.
However, talking to a generative AI agent is also possible with some platforms. The application of that technology is massive and has the potential to automate a lot of jobs in the customer service industry. SoundHound AI helps facilitate that automation and has already rolled out its products in restaurant drive-throughs in several chains.
While this market is relatively small, SoundHound AI could grow into a massive entity if it can automate customer service interactions in the financial, healthcare, and insurance industries. It's already signing customers in these sectors and could lead to major growth down the road.
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During its most recent quarter, revenue rose 52% year over year, but various acquisitions skew some of the growth SoundHound AI reports. It made another one in the first quarter with its LivePerson acquisition and now targets a minimum of $350 million to $400 million in revenue by the end of 2027. For reference, SoundHound AI has generated $184 million in revenue over the past 12 months. That's solid growth ahead, but investors will want to see more over the next decade, especially if it can break into one of those key industries.
With SoundHound AI focused on growing its platform, it shouldn't come as a surprise to investors that it's deeply unprofitable. It posted an operating loss margin of 118% in Q1, which is a deep hole to claw out of. However, if it can rapidly grow over the next decade, it may turn into a highly profitable company once growth isn't the primary focus.
I think SoundHound AI is a solid, long-shot investment. If it pans out, it will be a monster stock. On the flip side, SoundHound AI's business may be disrupted by a larger AI player, so success is far from guaranteed.
Nebius Nebius (NBIS +4.80%) is a completely different company in the AI realm. It's known as a neocloud company, which indicates it is a cloud computing business that's entirely focused on AI.
Nebius has a full-stack offering that gives its clients everything they need to train and run AI applications, and its product is becoming a hit. It has landed major contracts with Microsoft (MSFT 1.75%) and Meta Platforms, and Nvidia has also taken a stake in the business. The Nvidia deal gives Nebius early access to new technologies, making it a critical company to partner with to understand the capabilities of new technology before it's widely rolled out.
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All of this has resulted in a booming business, with Nebius' revenue rising a jaw-dropping 684% in Q1. That's not a flash in the pan, either. Wall Street analysts are bullish on Nebius' future, with 550% revenue growth expected this year and 219% projected in 2027. That's monster growth that will transform the business and make investors a ton of money, but there's something to watch out for.
From a profitability standpoint, Nebius posted an operating loss margin of 32%, which is far better than SoundHound AI's. While it's not fully profitable, with Nebius's rapid growth rates, it will easily be able to bridge the gap between losses and profits as it grows into its new business over the next decade.
Nebius' success or future isn't in question, but its business economics may be. Nebius is raising and borrowing capital to expand its data center footprint. This creates a bit of an unstable future if the return on investment is a bit lower than they hoped. Nebius will need the AI build-out to continue and customers to stay on long after its completion to transform from a money-losing business to a profitable one.
However, there are several cloud computing companies that have already achieved success in this realm, so Nebius could still be successful. Still, it's far from guaranteed, although I like its chances more than SoundHound AI's.
Nebius Group N.V. delivered extraordinary Q1 results, with revenues up 684% YoY and ARR growth of 674%, despite compute capacity constraints. The company raised 2026 contracted power guidance to >4GW and increased CapEx plans to $20–25B, aiming to capture surging AI cloud demand. Adjusted EBITDA margin improved sharply to 32% in Q1, with 2026 guidance targeting ~40%, signaling strong operating leverage and profitability momentum.
Monday's share price surge for Entain PLC (LSE:ENT) and Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) reflects genuine relief at the Wall Street Journal's report of bipartisan Senate legislation. But a bill is not a business model, and the forces driving prediction market growth remain intact.
The market's reaction to the Journal's report is understandable. Entain jumped 9%, Flutter rose 5% premarket, and analysts at Citi were quick to call it.
On the surface, legislation that would strip Kalshi and Polymarket of their ability to offer sports contracts looks like a significant competitive reprieve for licensed operators who have spent years and hundreds of millions of dollars navigating state-by-state regulatory approval.
The rally may be getting ahead of the reality.
A bill is not yet a law
Congressional legislation targeting a well-funded industry with sympathetic executive-branch regulators is rarely straightforward.
The CFTC chairman, Michael Selig, has publicly positioned his agency as the preeminent and exclusive federal regulator of prediction markets, and the Trump administration's broader orientation, including Donald Trump Jr.'s advisory roles at both Kalshi and Polymarket, is not one of hostility toward the sector.
Getting a bill through both chambers in that environment will require sustained political will that bipartisan support alone cannot guarantee.
Even if the bill passes, the platforms' legal firepower is substantial. Polymarket is backed by up to $2 billion from Intercontinental Exchange; Kalshi raised $1 billion in its latest funding round. Both will litigate aggressively, and federal preemption arguments could stall implementation for years.
The structural shift is already priced in
The deeper problem for regulated operators is that prediction markets have already demonstrated something the Senate bill cannot undo: there is enormous consumer appetite for a product that looks and feels like sports betting but is not classified as such.
That appetite exists in California and Texas, two of the country's largest states, where conventional sportsbooks cannot legally operate. Kalshi ran advertising campaigns there.
The demand did not disappear when Nevada or Arizona moved against the platforms; it simply looked for the next available channel.
If the legislation the Journal describes forces Kalshi and Polymarket to retreat from US sports markets, then consumer demand does not automatically flow to FanDuel or DraftKings.
The regulatory gap these platforms exploited exists because federal and state frameworks were never designed with binary event contracts in mind. Closing one specific backdoor does not redesign the architecture.
The longer competitive logic
Prediction markets also carry a structural advantage that legislation cannot easily address: they are genuinely global. Blockchain-based platforms operating across multiple jurisdictions are considerably harder to contain than a domestic sportsbook.
A determined operator with the right infrastructure could continue offering sports contracts to US users through offshore entities, much as offshore poker sites did for years after the Unlawful Internet Gambling Enforcement Act of 2006.
Monday's moves in Entain and Flutter reflect a real reduction in near-term competitive pressure. But investors pricing in a permanent resolution to the prediction market threat are likely to be disappointed. The bill, if it passes, buys time. It does not buy the future.
Entain (LON:ENT) reported a first-quarter trading update that executives said kept the group “in line with expectations,” while highlighting accelerating underlying volume growth and continued momentum across several core markets.
CEO Stella David said the company’s “diverse and globally scaled portfolio of podium positions” continues to support “consistent and sustainable growth,” even as many markets experienced “particularly customer-friendly sports results” that weighed on sports margins. She added that the group exited 2025 with strong momentum and that this has “continued so far this year.”
Q1 performance: steady NGR, faster volume growth For the quarter, Entain said group net gaming revenue (NGR) rose 3%, with online NGR up 5%. David stressed that volumes provided a clearer picture of underlying performance in a quarter impacted by sports outcomes, noting group volumes were up 8% and online volumes rose 10%. She said Q1 marked the group’s eighth consecutive quarter of online growth.
Newly joined executive Mike Snape (speaking on his first Entain update) echoed that view, noting that the company began 2026 with momentum that “not only continu[ed], but accelerat[ed] into Q1.” Snape also said the company has begun including volume growth in its release because it “gives the cleanest picture of underlying performance, removing some of that noise from sports margins.”
Snape broke out the main drivers in Q1:
Online NGR rose 5%, with volumes up 10%. Customer-friendly results pushed sports NGR down 1%, offset by iGaming strength, with iGaming up 9%. Retail performance saw softer sports margins but was supported by wager growth and gaming, contributing to overall retail volume growth of 3%. UK strength and focus on navigating higher taxes David called the U.K. “once again, a standout performer,” saying Entain expected to have gained share in both online and retail. She argued this positions the company to better withstand “the draconian tax increases” than competitors. David also highlighted the company’s tax contribution, saying Entain paid GBP 574 million in U.K. taxes in 2025, while “the growing black market pays zero tax,” adding that the company is lobbying government to curb “the advertising and promotion of these unlicensed sites.”
Snape said the U.K. and Ireland delivered “another fantastic result,” with total NGR up 6% and online NGR up 13%, despite lapping a “23% comparator” from the prior year. Retail was described as flat on a like-for-like basis, with customers continuing to engage with gaming and sports terminals.
On a question about early impacts from the April tax increase, David said it was “really too early to say,” but emphasized that Entain had been increasing share ahead of the changes and sees further opportunity, particularly given a “long tail” of smaller regulated operators. Snape added that Entain has “absolutely not” pulled back on growth-driving investment in the U.K., despite expecting other operators might do so given the severity of the tax changes.
David also pointed to product and journey improvements as part of the U.K. share gains, citing “better bet builder” features in football and horse racing and a “new Ladbrokes experience” planned ahead of the World Cup.
International markets: Australia rebound, mixed impact from sports margins David said Australia’s recovery “continued and is now back to meaningful year-on-year growth,” which she attributed to a “disciplined and reinvigorated approach” under new management. Snape reported Australia was up 12%, which he said was the first double-digit NGR growth quarter since 2022.
Asked whether Australia’s performance was driven by the market or by share gains, David said the company believed it was “absolutely driven by market share gains.” She said the business has historically been strong in racing and is expanding focus to sports more broadly.
In other markets, David said Spain, Canada, Greece, Georgia, and New Zealand continued to deliver double-digit NGR growth. Snape said international online NGR was up 2%, with gaming up 8%, but noted a 1.4 percentage point year-on-year sports margin headwind due to tough margin comparisons and customer-friendly results, particularly in February. He said the adverse sports result impact was most pronounced in Brazil and Italy, though he highlighted “pleasing volume growth” in those markets, including double-digit volume growth in Italy.
On Brazil, David said Q1 sports margins were “very poor” but reiterated that “volume’s been up,” calling that “good news,” while also describing the sports margin performance as among the worst seen in the short term.
Snape also discussed the Entain CEE segment, describing it as “a story of sports results offsetting healthy volumes in Croatia,” where a -7.1 percentage point sports margin drag weighed on NGR growth. He said Poland benefited from migration to the CEE sportsbook and an app revamp.
US and BetMGM: executing for profitable growth David described the U.S. as “steadier than anticipated,” and referred to prior comments from Adam earlier in the week, stating that BetMGM continues to execute its plan for profitable growth while remaining “rational in a noisy market.” She said the disciplined approach supports confidence in delivering EBITDA within guidance, “albeit at the lower end,” despite softer top-line growth.
World Cup: modest revenue uplift, bigger recruitment opportunity Management repeatedly framed the upcoming World Cup (starting in June and extending into July) as a key commercial moment, but not a transformative earnings driver. Responding to an analyst question, David said the World Cup was likely worth “about 1% or something like that across the year” as an upside, while cautioning that margins could be volatile, particularly early in the tournament.
David said the event is more valuable as a customer acquisition and recruitment driver, particularly in time-zone-aligned markets and those with strong engagement such as Brazil, Australia, and New Zealand.
On retention and marketing efficiency, David said Entain uses detailed performance marketing analytics—led largely by the 365 Scores team—to evaluate “pay-ins, paybacks” and recruitment efficiency. Snape added that the discipline was among the most impressive aspects he had seen, emphasizing that the company aims not to “waste money” targeting customers who only bet during a tournament and then lapse. David said Entain would not “plaster” advertising broadly because it remains focused on payback for “every pound” spent.
Guidance reiterated; cash and cost discipline emphasized David said Entain is reiterating full-year guidance and remains confident in generating over GBP 500 million of cash annually from 2028. She said Q2 had started strongly and the business is “getting sharper every day” as it navigates U.K. tax increases.
Snape said that while the front end of the business is “delivering,” Entain sees “significant potential to optimize our cost base” to improve operational leverage and accelerate investment behind growth opportunities. He also said converting growth into cash is a core priority, alongside “deleveraging, and balance sheet flexibility,” signaling that capital investment and other actions will reflect that focus.
Entain executives said they plan to provide additional detail on priorities and plans at the company’s interim results in the summer.
About Entain (LON:ENT) Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.
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Vaultz Capital PLC (AQSE:V3TC, FRA:VJ2, OTCQB:VZTCF) said it raised £1 million to strengthen working capital and support a strategic refocus towards possible acquisitions in energy transition and the digital economy.
The Aquis-listed company issued new ordinary shares priced at 2.2p each, with Regent Resources Capital Corporation subscribing for the full amount.
The issue price was the prevailing bid price on 1 June and represented an approximate 8% discount to Vaultz’s 20-day volume-weighted average price.
Vaultz said the proceeds will be used to settle around £320,000 of outstanding trade creditors, provide working-capital headroom and fund transaction-related costs linked to its pipeline of acquisition opportunities.
The company said it is considering significant corporate transactions across strategic minerals, artificial intelligence and digital infrastructure.
Vaultz also plans to appoint Ian Burns as a non-executive director, subject to standard regulatory due diligence. Burns is founder and executive director of Via Executive Limited and managing director of Regent Mercantile Holdings Limited.
The company said it currently intends to substantially maintain its Bitcoin holding, though it would re-evaluate that treasury policy if it undertakes a significant transaction. Vaultz holds 134 Bitcoin, valued at about £7.3 million using a reference Bitcoin price of US$73,653 and a GBP/USD rate of 1.35.
After adjusting for the subscription proceeds and trade creditors, Vaultz estimated an unaudited net asset value following admission at around £8 million, equivalent to about 3.1p per ordinary share.
Entain PLC (LSE:ENT) shares climbed 3.4% to 582p on Tuesday after Deutsche Bank flagged that a proposed acquisition of MGM Resorts by People Inc, the renamed IAC, could have positive read-across implications for the FTSE 100 gambling group.
People Inc, chaired by media executive Barry Diller, has proposed a $48.30 per share cash offer for MGM Resorts International, the Las Vegas-based casino and hospitality giant.
This represents a premium of approximately 26% to MGM's share price on 26 May, before Fertitta Entertainment's separate bid for Caesars Entertainment injected fresh deal activity into the US gaming sector.
People Inc currently owns 26.1% of MGM and, on completion, would hold just over 50.1% of the company, giving it operational control.
Entain's connection to the MGM bid lies in BetMGM, the online sports betting and gaming joint venture the two companies operate together in the United States, one of the fastest-growing regulated gambling markets in the world.
Any change of control at MGM inevitably raises questions about the future structure and ownership of BetMGM, and Deutsche Bank argues the bid provides a degree of share price support for Entain given the potential for corporate activity to crystallise value in that partnership.
Deutsche's analyst Richard Stuber maintains a buy rating on Entain with a target price of 1,028p, implying significant upside from current levels.
Diller framed the MGM approach in strategic terms, arguing the casino group possesses physical assets that artificial intelligence cannot easily replicate and significant digital growth potential that People Inc believes it can help unlock.
The proposed deal remains at an early stage and is subject to board and regulatory approvals.
'Shaping Canada's Longevity Advantage' challenge will invite innovators to deliver solutions that strengthen health, financial resilience and social connection across longer lives
The challenge is an initiative of Manulife's Longevity Institute, driving Canadian solutions for a longer‑living society
, /PRNewswire/ - Manulife, in partnership with UpLink, the World Economic Forum's early-stage innovation initiative, and the Forum's Centre for Financial and Monetary Systems today announced the launch of a new innovation challenge, 'Shaping Canada's Longevity Advantage,' focused on enabling lifelong health, wealth and purpose across multistage lives.
Canadians are living longer, more complex lives, often balancing their own health and financial needs while supporting ageing parents or caregiving for others. Insights from the National Institute on Ageing's Ageing in Canada Survey, conducted by the NIA with support from Manulife, highlight the urgency of this challenge: 43 per cent of older Canadians are at high risk of social isolation, while only 29 per cent feel they can afford to retire. These realities underscore the need for practical, near-term solutions that help people live not just longer, but better, supported by stronger financial resilience, meaningful connections, and confidence across life stages. The 'Shaping Canada's Longevity Advantage' challenge invites innovators to deliver integrated solutions that create measurable improvements in critical areas impacting longevity in Canada.
The challenge will focus on innovations across three opportunity areas:
Financial resilience across life stages, including budgeting and saving tools designed for longer lifespans, AI-enabled financial planning solutions, modern retirement and care planning platforms, and financing solutions that support caregivers balancing work, family and care responsibilities. Healthy aging for all, including digitally enabled health navigation solutions, preventative health and wellness innovations that help delay or manage chronic illness, and tools and platforms that directly support caregivers in coordinating care and maintaining their own wellbeing. Purpose and connection, including digital, physical and nature-based spaces that foster social engagement, AI-supported platforms that reduce isolation, and intergenerational initiatives that strengthen community ties, belonging and shared purpose. Through this Canada-focused challenge, Manulife, UpLink and the Forum's Centre for Financial and Monetary Systems aim to surface and support solutions that respond to the realities of longer lives, helping individuals build resilience, stay connected, and maintain a sense of purpose at every stage.
This initiative is aligned to the Manulife Longevity Institute, a recently launched global research, thought leadership, innovation, advocacy, and community investment platform that will help people thrive at every age.
A call to strengthen Canada's approach to longevity
"Living longer should also mean living healthier—and Canadians need the right support to make that possible. As lifespans increase, people need help navigating care, preventing illness, and managing chronic conditions. Shaping Canada's Longevity Advantage reflects our commitment to giving Canadians the tools and confidence they need to live healthier lives at every stage."
- Naveed Irshad, President and CEO, Manulife Canada
"As Canadians live longer, financial planning is no longer about a single life stage, but a multi-decade journey with growing complexity. Financial resilience is becoming central to healthy longevity. Investing in innovators developing AI-enabled modern savings and planning tools, and caregiver support reinforces our commitment to offering advisors and plan sponsors the resources they need to help individuals secure their financial futures and live longer lives with confidence."
- Paul Lorentz, President and CEO, Manulife Wealth & Asset Management
"The longevity economy is emerging as a defining force shaping future growth and resilience. With Canada officially becoming a 'super-aged' country in 2026, the time to turn challenges into opportunities is now. Through our partnership with Manulife and the Forum's Centre for Financial and Monetary Systems, the Global Longevity Innovation Initiative strengthens the conditions needed to scale early-stage innovation and drive real-world impact that promotes healthy ageing, purpose, and financial resilience across generations."
- John Dutton, Head of UpLink, World Economic Forum
Challenge details
Full details and entry information can be found here.
The challenge is part of Manulife's broader, multiyear partnership with the World Economic Forum's UpLink initiative, reflecting a shared commitment to accelerating innovation in the longevity economy and supporting solutions that improve quality of life as people live longer. It also supports the World Economic Forum's broader efforts to address the demographic and financial realities of global ageing.
Shaping Canada's Longevity Advantage marks the third challenge in this partnership, building on successful challenges previously delivered in the United States and Asia. Together, the Manulife-powered UpLink challenges support a global ecosystem of innovators accelerating solutions across health, financial resilience and well-being, reflecting the company's commitment to driving global change through locally relevant, place-based solutions.
For more information on the Manulife Longevity Institute, visit Manulife.com/Longevity.
About Manulife
Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
About Manulife Longevity Institute
The Manulife Longevity Institute is a global research, thought leadership, innovation, advocacy, and community investment platform to drive action that can help people live longer, healthier, and more financially secure lives. Underpinned by a $350 million signature commitment, its focus is on helping people extend their healthy years, promoting greater financial resilience for all. As a global insurer, retirement plan provider, and asset manager, Manulife is uniquely placed to help lead this change. The Institute's work will support Manulife's Impact Agenda strategy by investing in organizations that are growing the longevity economy, convening research collaborations with leading academic institutions and think tanks, and producing thought leadership to advance awareness and action on the issues impacting populations as they age. The Institute will be known as the John Hancock Longevity Institute in the United States. The actions of the Institute will be guided by a Steering Committee of members of Manulife's Executive and Global Leadership Teams and in partnership with a robust ecosystem of partners and experts who champion longevity across Canada, Asia, and the US. Canada, Asia, and the US.
For more information, please visit Manulife.com/Longevity.
About UpLink
UpLink, the World Economic Forum's early-stage innovation engine, connects purpose-driven innovators with the partnerships, resources and capital they need to scale solutions for the markets and economies critical to a resilient, sustainable and prosperous world. UpLink envisions a future where profit and purpose go hand in hand — where innovation drives competitiveness, inclusion, and long-term value, where economic growth uplifts people while restoring the planet, and where resilience is the foundation of thriving, future-proof economies. For further information, click here.
, /PRNewswire/ - Manulife Financial Corporation will release its first quarter 2026 financial results after markets close on Wednesday, May 13, 2026, which will be made available at manulife.com/en/investors/results-and-reports.
A live webcast and conference call are scheduled for Thursday, May 14, 2026, at 8:00 a.m. (ET) where members of Manulife's executive leadership team will discuss the results, followed by a question and answer period with analysts.
To access the conference call, dial 1-888-317-6003 or 1-647-846-2809 (Passcode: 7290517#). Please call in 15 minutes prior to the scheduled start time.
The archived webcast will be available at manulife.com/en/investors/results-and-reports following the call. A replay of the call will also be available until August 14 2026, by dialing 1-855-669-9658 or 1-412-317-0088 (Passcode: 1809675#).
About Manulife
Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
Media Contact
Fiona McLean
Manulife
437-441-7491
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At first, Intact Financial, Great-West Lifeco, Manulife, and Sun Life look like they belong in the same bucket. But when digging deeper, there are differences to consider. These four insurers don't grow the same way, they don't take the same risks, and they won't appeal to the same type of investor. These four all offer respectable income, but the better question is this: which business do you want to own for the next decade?
Cwm LLC cut its holdings in shares of Manulife Financial Corp (NYSE:MFC – Free Report) (TSE:MFC) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,420 shares of the financial services provider’s stock after selling 22,772 shares during the period. Cwm LLC’s holdings in Manulife Financial were worth $2,555,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Manulife Financial during the third quarter worth $25,000. Wolff Wiese Magana LLC grew its position in Manulife Financial by 269.2% in the fourth quarter. Wolff Wiese Magana LLC now owns 960 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 700 shares during the last quarter. American Wealth Advisors LLC bought a new position in Manulife Financial in the third quarter valued at about $36,000. Steigerwald Gordon & Koch Inc. grew its position in Manulife Financial by 208.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 1,022 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 691 shares during the last quarter. Finally, Clearstead Trust LLC grew its position in Manulife Financial by 144.4% in the third quarter. Clearstead Trust LLC now owns 1,256 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 742 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors.
Manulife Financial Price Performance Shares of NYSE MFC opened at $38.74 on Friday. The company has a 50 day simple moving average of $35.62 and a 200 day simple moving average of $35.36. The firm has a market cap of $64.77 billion, a PE ratio of 17.45 and a beta of 0.82. Manulife Financial Corp has a 1 year low of $29.70 and a 1 year high of $39.22.
Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. Manulife Financial had a net margin of 9.18% and a return on equity of 16.43%. The company had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts anticipate that Manulife Financial Corp will post 3.22 earnings per share for the current fiscal year.
Manulife Financial Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.0%. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, February 25th. Manulife Financial’s dividend payout ratio is 63.96%.
Analysts Set New Price Targets MFC has been the topic of a number of recent analyst reports. Weiss Ratings cut Manulife Financial from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Manulife Financial in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce raised shares of Manulife Financial from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Manulife Financial in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $51.50.
Get Our Latest Analysis on Manulife Financial
Manulife Financial Profile (Free Report)
Manulife Financial Corporation is a multinational insurance and financial services company headquartered in Toronto, Ontario. Founded in the late 19th century as The Manufacturers Life Insurance Company, Manulife provides a broad range of financial products and services to individual and institutional clients. Its core businesses include life and health insurance, retirement and pension solutions, wealth and asset management, and group benefits.
In wealth and asset management, Manulife operates through Manulife Investment Management and offers mutual funds, segregated funds, institutional asset management, and retirement plan solutions.
Recommended Stories Five stocks we like better than Manulife Financial Want to see what other hedge funds are holding MFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manulife Financial Corp (NYSE:MFC – Free Report) (TSE:MFC).
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Toronto, Ontario--(Newsfile Corp. - May 1, 2026) - Jordy Chilcott, Head of Retail Intermediary Distribution, Canada, Co-President and Co-Chief Executive Officer, Manulife Investment Management Limited ("Manulife" or the "Company") and his team, joined Keith Wu, Head, Exchange Traded Products, Toronto Stock Exchange ("TSX"), to close the market and celebrate the launch of the their Manulife All-in-One ETFs:
The Manulife All-in-One ETFs feature actively managed asset allocation with exposure across 15 equity and fixed income asset classes.
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management's mission is to make decisions easier and lives better by helping people invest confidently to pursue a more secure financial future. Their strength comes from the diversity of their global asset management expertise and distribution capabilities. Their global investment teams span equities, fixed income, alternative credit, private markets, and multi-asset solutions. They provide investment, financial advice, and retirement plan services to millions of individuals, institutions, and retirement plan members worldwide. At the heart of their approach are three cultural pillars: Partner for Progress, Trust through Transparency, and Intellectual Curiosity. These values shape how they build long-term relationships, develop differentiated investment strategies, and empower advisors and clients to seek meaningful financial outcomes. Whether through cutting-edge technology, AI innovation, personalized advice, or sustainable stewardship, Manulife Wealth & Asset Management is a trusted partner helping clients navigate complexity and invest with confidence.
For additional information, please visit manulifeim.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295560
Source: Toronto Stock Exchange
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With decades of combined industry experience, Robert Carney and Jennifer Ortale join John Hancock, reinforcing its commitment to superior distribution and growth BOSTON, May 4, 2026 /PRNewswire/ - John Hancock today announced the appointments of Robert Carney as Head of Insurance Sales and Distribution and Jennifer Ortale as Head of Executive Benefits. "Bringing these leaders on reflects our unwavering commitment to our third‑party distribution model and our continued investment in strong leadership that supports our sales partners," said Hector Martinez, Head of Insurance at John Hancock.
Manulife's inaugural global Impact Week brings longevity commitment to life through social connection and purpose-driven community action
Thousands of colleagues mobilized in support of local charities, exemplifying Manulife's strong winning team and culture
, /PRNewswire/ - Manulife hosted its inaugural Impact Week, a volunteer initiative designed to strengthen well-being, build social connection, and unite teams through purpose-driven community action.
Pragashini Fox, Manulife's Chief People Officer, and colleagues volunteering at Anishnabeg Outreach in Kitchener, On. (CNW Group/Manulife Financial Corporation)
Naveed Irshad, President and CEO, Manulife Canada, and colleagues at Toronto’s Yonge Street Mission (YSM). (CNW Group/Manulife Financial Corporation)
Colleague volunteering at a local food bank in Toronto. (CNW Group/Manulife Financial Corporation)
Manulife’s President and CEO Phil Witherington joins Toronto middle school students for a conversation about financial literacy. (CNW Group/Manulife Financial Corporation)
Manulife’s President and CEO Phil Witherington joins Toronto middle school students for a conversation about financial literacy. (CNW Group/Manulife Financial Corporation)
Manulife colleagues in Japan take part in a river clean-up effort. (CNW Group/Manulife Financial Corporation)
Colleagues volunteering at the Nova Scotia SPCA in Dartmouth. (CNW Group/Manulife Financial Corporation)
John Hancock colleagues supporting Cradles for Crayons in Boston. (CNW Group/Manulife Financial Corporation)
From April 27 to May 1 in North America, and April 27 to May 8 across Asia, colleagues mobilized to support community partners focused on health and well-being, financial resilience, food security, education and additional causes linked to longevity. Manulife offers its 37,000 colleagues an annual paid Volunteer Day benefit, and Impact Week provided a globally-aligned opportunity for colleagues to use that benefit and volunteer together.
"We have a long history of community stewardship at Manulife, and Impact Week reflects our continued commitment to our communities around the world," said Phil Witherington, President and CEO, Manulife. "Strengthening our winning team and culture and empowering health, wealth, and longevity are two of our strategic priorities, and volunteering is a powerful way to advance both, by deepening connection, building belonging, and turning our values into action. I'm proud of Team Manulife this week for getting outside with one another and capturing the scale of our global footprint to make a real difference."
Results and Highlights from Impact Week 2026
During Impact Week:
21,724 volunteer hours were logged globally, with community impact continuing beyond the week 234 volunteer activities were completed across 22 communities Volunteering: A Longevity Driver
Impact Week reflects Manulife's commitment to longevity, translating insights on connection and purpose into real‑world impact while reinforcing the role volunteering plays in well-being and quality of life. Research shows positive effects of volunteering include:
Longer, healthier lives, including lower blood pressure, improved physical health and reduced mortalityi. Better mental health, with increased purpose and connection and reduced stress, anxiety and depressionii. Stronger cognitive health, including slower cognitive decline and improved social connectioniii. "Longevity isn't only influenced by physical and financial well-being — it's shaped by how we live and connect," said Karen Leggett, Global Chief Marketing Officer, Manulife. "Volunteering builds purpose, social connection, and resilience — factors linked to longer, healthier lives. Impact Week gives our colleagues the opportunity to serve our communities while also investing in their own longevity."
Manulife Colleagues Driving Global Impact Through Local Action
A hallmark of Impact Week was its flexibility, which helped strengthen connection across teams, bringing colleagues together around shared purpose and reinforcing a culture of inclusion. Alongside curated volunteer opportunities, teams designed their own initiatives through Team Grants, which enabled groups of 10 or more to support non-profit partners with funding and hands‑on effort.
"Impact Week created space for colleagues to have dedicated time to come together and make a difference in their communities," said Pragashini Fox, Chief People Officer, Manulife. "By offering a global Volunteer Day and empowering teams to lead local initiatives, we're strengthening connection, belonging, and a shared sense of purpose across Manulife. When colleagues come together in service, it builds the connections that underpin strong, inclusive teams."
Manulife's Legacy of Community Stewardship
Impact Week continues a long tradition of community involvement at Manulife. Since 1888, when the company donated its first ambulance to help improve community health, Manulife has continued to evolve how it contributes to stronger communities, recognizing that wellbeing includes not only physical health, but also the purpose and connection that come from showing up for others.
Impact Week aligns closely with the work of the Manulife Longevity Institute, a global research, thought leadership, innovation, advocacy, and community investment platform that will help people thrive at every age. Learn more about Manulife's Longevity research and insights at: Manulife.com/longevity.
About Manulife
Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
About Manulife Longevity Institute
The Manulife Longevity Institute is a global research, thought leadership, innovation, advocacy, and community investment platform to drive action that can help people live longer, healthier, and more financially secure lives. Underpinned by a $350 million signature commitment, its focus is on helping people extend their healthy years, promoting greater financial resilience for all. As a global insurer, retirement plan provider, and asset manager, Manulife is uniquely placed to help lead this change. The Institute's work will support Manulife's Impact Agenda strategy by investing in organizations that are growing the longevity economy, convening research collaborations with leading academic institutions and think tanks, and producing thought leadership to advance awareness and action on the issues impacting populations as they age. The Institute will be known as the John Hancock Longevity Institute in the United States. The actions of the Institute will be guided by a Steering Committee of members of Manulife's Executive and Global Leadership Teams and in partnership with a robust ecosystem of partners and experts who champion longevity across Canada, Asia, and the US. Canada, Asia, and the US.
For more information, please visit Manulife.com/Longevity.
Media contact
Manulife:
Emily English
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647-544-2800
