UCL revenueFY2025$81.45M
- FY YoY
- -11.1%
- 5Y CAGR
- -1.9%
UCL revenue was $81.45M for fiscal 2025 (ended Dec 31, 2025), down 11.1% from fiscal 2024. Compound annual growth was -1.9% over 5 years. It rose in 3 of the last 7 fiscal years.
uCloudlink Group Inc. (UCL) financials
For fiscal 2025 (ended Dec 31, 2025), uCloudlink Group Inc. reported $81.45M of revenue and $6.30M of net income.
- Revenue, FY2025
- $81.45M
- Revenue growth, YoY
- -11.1%
- Net income, FY2025
- $6.30M
- Net income growth, YoY
- +38.2%
- Net margin
- 7.7%
- Free cash flow, FY2025
- $2.28M
- EPS, diluted, FY2025
- $0.02
- EPS growth, YoY
- +100.0%
- Cash
- $32.83M
- Total debt
- $1.69M
- P/E
- 1.29
- P/S
- 0.10
- Market cap
- $8.2M
FY2018FY2025
FY2018FY2025
FY2018FY2025
UCL revenue and earnings growth
UCL net incomeFY2025$6.30M
- FY YoY
- +38.2%
UCL net income was $6.30M for fiscal 2025 (ended Dec 31, 2025), up 38.2% from fiscal 2024. Fiscal 2025 is the highest of the 8 fiscal years on file.
UCL EPSFY2025$0.02
- FY YoY
- +100.0%
UCL diluted EPS was $0.02 for fiscal 2025 (ended Dec 31, 2025), up 100.0% from fiscal 2024.
UCL free cash flowFY2025$2.28M
- FY YoY
- -56.0%
UCL free cash flow was $2.28M for fiscal 2025 (ended Dec 31, 2025), down 56.0% from fiscal 2024. It rose in 2 of the last 3 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.45M | $91.64M | $85.58M | $71.46M | $73.82M | $89.57M | $158.38M | $126.40M |
| Cost of revenue | $38.77M | $47.27M | $43.61M | $38.93M | $51.99M | $61.26M | $93.46M | $80.24M |
| Gross profit | $42.68M | $44.36M | $41.97M | $32.53M | $21.83M | $28.30M | $64.92M | $46.16M |
| Research and development | $4.87M | $6.20M | $6.46M | $8.43M | $13.70M | $26.36M | $15.11M | $20.40M |
| Selling, general and admin | $12.58M | $15.95M | $17.12M | $18.73M | $28.55M | $43.22M | $20.22M | $19.92M |
| Operating income | $7.97M | $4.38M | $2.59M | -$19.19M | -$45.91M | -$62.98M | $5.51M | -$23.16M |
| Interest expense | $196.0K | $196.0K | $133.0K | $441.0K | $188.0K | $285.0K | $438.0K | $3.38M |
| Pre-tax income | $7.84M | $4.42M | $2.52M | -$19.76M | -$46.08M | -$63.23M | $5.26M | -$26.11M |
| Income tax | $1.52M | $68.0K | $70.0K | $161.0K | $244.0K | $185.0K | $57.0K | - |
| Net income | $6.30M | $4.56M | $2.81M | -$19.85M | -$46.04M | -$63.41M | $5.21M | -$26.56M |
| EPS, basic | $0.02 | $0.01 | $0.01 | -$0.06 | -$0.16 | -$0.25 | $0.01 | -$0.16 |
| EPS, diluted | $0.02 | $0.01 | $0.01 | -$0.06 | -$0.16 | -$0.25 | $0.01 | -$0.16 |
| Diluted shares | 378.5M | 376.3M | 371.7M | 312.5M | 286.0M | 259.9M | 232.2M | 185.4M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $32.83M | $30.06M | $23.37M | $14.92M | $7.87M | $30.23M | $37.32M | - |
| Short-term investments | - | - | - | $197.0K | $12.60M | $196.0K | - | - |
| Receivables | $4.44M | $7.88M | $6.49M | $5.96M | $14.92M | $6.75M | $25.77M | - |
| Inventory | $4.38M | $1.31M | $2.18M | $3.62M | $6.13M | $5.85M | $10.52M | - |
| Current assets | $61.26M | $55.56M | $49.02M | $41.35M | $49.09M | $71.94M | $85.27M | - |
| Total assets | $67.83M | $64.98M | $56.61M | $45.93M | $67.13M | $97.25M | $90.10M | - |
| Current liabilities | $36.77M | $42.18M | $39.12M | $36.44M | $46.77M | $40.54M | $47.65M | - |
| Short-term debt | $68.0K | $6.96M | $5.30M | $2.88M | $3.18M | $3.70M | $6.66M | - |
| Long-term debt | $1.62M | - | - | - | - | - | - | - |
| Total debt | $1.69M | $6.96M | - | - | - | - | - | - |
| Total liabilities | $39.02M | $43.36M | $40.55M | $36.64M | $47.03M | $40.86M | $47.65M | - |
| Shareholders' equity | $28.81M | $21.62M | $16.05M | $9.29M | $20.09M | $56.39M | $19.47M | $16.60M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.21M | $9.19M | $6.51M | $4.40M | -$21.74M | -$2.04M | $5.76M | -$19.47M |
| Capital expenditures | $924.0K | $4.00M | $2.06M | $411.0K | $787.0K | $1.25M | $2.75M | $4.54M |
| Free cash flow | $2.28M | $5.19M | $4.44M | $3.99M | -$22.52M | -$3.29M | $3.01M | -$24.01M |
| Investing cash flow | -$1.03M | -$3.76M | -$240.0K | -$162.0K | -$935.0K | -$35.44M | -$3.27M | -$4.57M |
| Financing cash flow | $122.0K | $1.73M | $2.51M | $3.54M | $735.0K | $26.68M | $1.53M | $4.42M |
| Stock-based compensation | $1.04M | $1.24M | $3.31M | $3.10M | $8.76M | $50.61M | $169.0K | $2.28M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -11.1% | 7.1% | 19.8% | -3.2% | -17.6% | -43.4% | 25.3% | - |
| Net income growth, YoY | 38.2% | 62.1% | - | - | - | - | - | - |
| EPS growth, YoY | 100.0% | 0.0% | - | - | - | - | - | - |
| Gross margin | 52.4% | 48.4% | 49.0% | 45.5% | 29.6% | 31.6% | 41.0% | 36.5% |
| Operating margin | 9.8% | 4.8% | 3.0% | -26.9% | -62.2% | -70.3% | 3.5% | -18.3% |
| Net margin | 7.7% | 5.0% | 3.3% | -27.8% | -62.4% | -70.8% | 3.3% | -21.0% |
| Free cash flow margin | 2.8% | 5.7% | 5.2% | 5.6% | -30.5% | -3.7% | 1.9% | -19.0% |
| Return on equity | 21.9% | 21.1% | 17.5% | -213.7% | -229.2% | -112.4% | 26.7% | -160.0% |
| Return on assets | 9.3% | 7.0% | 5.0% | -43.2% | -68.6% | -65.2% | 5.8% | - |
| Current ratio | 1.67 | 1.32 | 1.25 | 1.13 | 1.05 | 1.77 | 1.79 | - |
| Debt to equity | 0.06 | 0.32 | - | - | - | - | - | - |
Source: XBRL data uCloudlink Group Inc. files with the SEC, latest filing dated Mar 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
UCL peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| UCL | $81.45M | -11.1% | $6.30M | 7.7% | $8.2M |
| VZ | $139.39B | +1.4% | $16.42B | 11.8% | $190.90B |
| TMUS | $93.82B | +9.3% | $11.30B | 12.0% | $178.71B |
| T | $128.85B | +3.5% | $13.13B | 10.2% | $146.82B |
| GLW | $17.72B | +18.8% | $2.24B | 12.6% | $99.88B |
| AMX | MXN 943.64B | +8.6% | MXN 82.82B | 8.8% | $78.39B |
| LITE | $3.74B | +103.2% | -$6.58B | -175.8% | $54.07B |
| CIEN | $6.02B | +32.6% | $654.41M | 10.9% | $38.19B |
| CHT | NT$236.11B | +2.7% | NT$38.70B | 16.4% | $37.90B |
UCL FAQ
9 questionsWhat is UCL revenue?
uCloudlink Group Inc. (UCL) reported $81.45M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 11.1% from the year before.Is UCL profitable?
Yes. uCloudlink Group Inc. earned $6.30M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 7.7%.How much cash and debt does UCL have?
uCloudlink Group Inc. reported $32.83M in cash and cash equivalents and $1.69M of debt on its most recent balance sheet in SEC filings.How fast is UCL revenue growing?
uCloudlink Group Inc.'s revenue changed -11.1% in fiscal 2025, to $81.45M. Its compound annual growth rate was -1.9% over 5 years.What is UCL gross margin?
uCloudlink Group Inc.'s gross profit was $42.68M on $81.45M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 52.4%.What is UCL free cash flow?
uCloudlink Group Inc. generated $2.28M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $3.21M less capital expenditures.What is UCL earnings per share?
Diluted earnings per share were $0.02 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did UCL last report financial results?
The latest statements here come from uCloudlink Group Inc.'s 20-F filed on Mar 27, 2026, covering the period ended Dec 31, 2025.Where does this UCL financial data come from?
Quantisnow builds these statements from the structured XBRL data uCloudlink Group Inc. files with the SEC. It is provided for information only and is not investment advice.