What is Ucloudlink Group Inc.'s earnings per share (EPS)?

Ucloudlink Group Inc. (UCL) reported diluted earnings per share of $0.02 for fiscal year 2025. This represents a 100.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ucloudlink Group Inc. Financials

UCL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Ucloudlink Group Inc. (UCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI UCL FY2025 2026-04-22

Lower sales but a leaner cost base lifted profitability, while working-capital demands prevented the stronger earnings profile from fully becoming cash.

Even with revenue down from $91.6M to $81.4M, operating income nearly doubled, so FY2025's earnings improvement came from a leaner cost structure rather than higher sales. But cash conversion weakened at the same time: operating cash flow fell below net income as inventory climbed to $4.4M, meaning more of the year's profit was absorbed by working capital instead of arriving as cash.

Since FY2022, gross margin expansion from 45.5% to 52.4% has done more work than top-line growth, which suggests a better revenue mix and lower delivery cost rather than a scale story. The companion move is a smaller overhead load: SG&A and R&D have been cut enough that each dollar of gross profit now carries more of the business and leaves less fixed cost to cover.

The balance-sheet posture is sturdier than the long loss history implies: cash of $32.8M sits against only $1.6M of long-term debt. A current ratio of 1.7x and cash equal to most total liabilities mean near-term obligations look manageable without depending heavily on new capital or asset sales.

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Ucloudlink Group Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ucloudlink Group Inc. has an operating margin of 9.8%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.

Growth

Ucloudlink Group Inc.'s revenue declined 11.1% year-over-year, from $91.6M to $81.4M. This contraction results in a growth score of 29/100.

Leverage

100

Ucloudlink Group Inc. carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Ucloudlink Group Inc.'s current ratio of 1.67 is below the typical benchmark, resulting in a score of 29/100. However, the company holds substantial cash reserves (89% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Ucloudlink Group Inc. has a free cash flow margin of 2.8%, earning a moderate score of 35/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Ucloudlink Group Inc.'s ROE of 21.9% shows moderate profitability relative to equity, earning a score of 57/100. This is up from 21.1% the prior year.

Altman Z-Score Distress

-1.84

Ucloudlink Group Inc. scores -1.84, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($38.1M) relative to total liabilities ($39.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

Ucloudlink Group Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.51x

For every $1 of reported earnings, Ucloudlink Group Inc. generates $0.51 in operating cash flow ($3.2M OCF vs $6.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

40.6x

Ucloudlink Group Inc. earns $40.6 in operating income for every $1 of interest expense ($8.0M vs $196K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$81.4M

YoY-11.1%

5Y CAGR-1.9%

Ucloudlink Group Inc. generated $81.4M in revenue in fiscal year 2025. This represents a decrease of 11.1% from the prior year.

EBITDA

$10.8M

YoY+60.5%

Ucloudlink Group Inc.'s EBITDA was $10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 60.5% from the prior year.

Net Income

$6.3M

YoY+38.2%

Ucloudlink Group Inc. reported $6.3M in net income in fiscal year 2025. This represents an increase of 38.2% from the prior year.

EPS (Diluted)

$0.02

YoY+100.0%

Ucloudlink Group Inc. earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 100.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.3M

YoY-56.0%

Ucloudlink Group Inc. generated $2.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 56.0% from the prior year.

Cash & Debt

$32.8M

YoY+9.2%

5Y CAGR+8.3%

Ucloudlink Group Inc. held $32.8M in cash against $1.6M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

52.4%

YoY+4.0pp

5Y CAGR+20.8pp

Ucloudlink Group Inc.'s gross margin was 52.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.0 percentage points from the prior year.

Operating Margin

9.8%

YoY+5.0pp

5Y CAGR+80.1pp

Ucloudlink Group Inc.'s operating margin was 9.8% in fiscal year 2025, reflecting core business profitability. This is up 5.0 percentage points from the prior year.

Net Margin

7.7%

YoY+2.8pp

5Y CAGR+78.5pp

Ucloudlink Group Inc.'s net profit margin was 7.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

21.9%

YoY+0.8pp

5Y CAGR+134.3pp

Ucloudlink Group Inc.'s ROE was 21.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$4.9M

YoY-21.5%

5Y CAGR-28.7%

Ucloudlink Group Inc. invested $4.9M in research and development in fiscal year 2025. This represents a decrease of 21.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$924K

YoY-76.9%

5Y CAGR-5.9%

Ucloudlink Group Inc. invested $924K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 76.9% from the prior year.

UCL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$81.4M-11.1%	$91.6M+7.1%	$85.6M+19.8%	$71.5M-3.2%	$73.8M-17.6%	$89.6M
Cost of Revenue	$38.8M-18.0%	$47.3M+8.4%	$43.6M+12.0%	$38.9M-25.1%	$52.0M-15.1%	$61.3M
Gross Profit	$42.7M-3.8%	$44.4M+5.7%	$42.0M+29.0%	$32.5M+49.0%	$21.8M-22.9%	$28.3M
R&D Expenses	$4.9M-21.5%	$6.2M-4.0%	$6.5M-23.4%	$8.4M-38.5%	$13.7M-48.0%	$26.4M
SG&A Expenses	$12.6M-21.1%	$15.9M-6.8%	$17.1M-8.6%	$18.7M-34.4%	$28.6M-33.9%	$43.2M
Operating Income	$8.0M+81.7%	$4.4M+69.5%	$2.6M+113.5%	-$19.2M+58.2%	-$45.9M+27.1%	-$63.0M
Interest Expense	$196K0.0%	$196K+47.4%	$133K-69.8%	$441K+134.6%	$188K-34.0%	$285K
Income Tax	$1.5M+2142.6%	$68K-2.9%	$70K-56.5%	$161K-34.0%	$244K+31.9%	$185K
Net Income	$6.3M+38.2%	$4.6M+62.1%	$2.8M+114.2%	-$19.9M+56.9%	-$46.0M+27.4%	-$63.4M
EPS (Diluted)	$0.02+100.0%	$0.010.0%	$0.01+116.7%	$-0.06+62.5%	$-0.16+36.0%	$-0.25

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UCL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$67.8M+4.4%	$65.0M+14.8%	$56.6M+23.2%	$45.9M-31.6%	$67.1M-31.0%	$97.3M
Current Assets	$61.3M+10.3%	$55.6M+13.3%	$49.0M+18.6%	$41.3M-15.8%	$49.1M-31.8%	$71.9M
Cash & Equivalents	$32.8M+9.2%	$30.1M+28.6%	$23.4M+56.6%	$14.9M+89.6%	$7.9M-64.2%	$22.0M
Inventory	$4.4M+233.7%	$1.3M-39.9%	$2.2M-39.8%	$3.6M-40.9%	$6.1M+4.9%	$5.8M
Accounts Receivable	$4.4M-43.7%	$7.9M+21.4%	$6.5M+8.9%	$6.0M-60.1%	$14.9M+121.2%	$6.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$39.0M-10.0%	$43.4M+6.9%	$40.6M+10.7%	$36.6M-22.1%	$47.0M+15.1%	$40.9M
Current Liabilities	$36.8M-12.8%	$42.2M+7.8%	$39.1M+7.4%	$36.4M-22.1%	$46.8M+15.4%	$40.5M
Long-Term Debt	$1.6M	N/A	N/A	N/A	N/A	N/A
Total Equity	$28.8M+33.2%	$21.6M+34.7%	$16.1M+72.8%	$9.3M-53.8%	$20.1M-64.4%	$56.4M
Retained Earnings	-$215.7M+2.8%	-$222.0M+2.0%	-$226.6M+1.2%	-$229.4M-9.5%	-$209.5M-28.2%	-$163.5M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Total Assets	$67.8M+4.4%	$65.0M+14.8%	$56.6M+23.2%	$45.9M-21.4%	$58.4M-13.0%	$67.1M-21.9%	$85.9M-11.7%	$97.3M
Current Assets	$61.3M+10.3%	$55.6M+13.3%	$49.0M+18.6%	$41.3M-9.3%	$45.6M-7.2%	$49.1M-19.2%	$60.8M-15.5%	$71.9M
Cash & Equivalents	$32.8M+9.2%	$30.1M+28.6%	$23.4M+56.6%	$14.9M+24.5%	$12.0M+52.3%	$7.9M-57.2%	$18.4M-16.4%	$22.0M
Inventory	$4.4M+233.7%	$1.3M-39.9%	$2.2M-39.8%	$3.6M-26.6%	$4.9M-19.5%	$6.1M-3.7%	$6.4M+8.9%	$5.8M
Accounts Receivable	$4.4M-43.7%	$7.9M+21.4%	$6.5M+8.9%	$6.0M-53.9%	$12.9M-13.4%	$14.9M+27.3%	$11.7M+73.7%	$6.7M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$39.0M-10.0%	$43.4M+6.9%	$40.6M+10.7%	$36.6M-24.8%	$48.8M+3.7%	$47.0M+4.4%	$45.0M+10.2%	$40.9M
Current Liabilities	$36.8M-12.8%	$42.2M+7.8%	$39.1M+7.4%	$36.4M-24.9%	$48.5M+3.7%	$46.8M+4.5%	$44.7M+10.4%	$40.5M
Long-Term Debt	$1.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$28.8M+33.2%	$21.6M+34.7%	$16.1M+72.8%	$9.3M-3.8%	$9.7M-51.9%	$20.1M-50.8%	$40.9M-27.5%	$56.4M
Retained Earnings	-$215.7M+2.8%	-$222.0M+2.0%	-$226.6M+1.2%	-$229.4M-2.5%	-$223.7M-6.8%	-$209.5M-12.0%	-$187.1M-14.4%	-$163.5M

UCL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.2M-65.1%	$9.2M+41.2%	$6.5M+47.8%	$4.4M+120.3%	-$21.7M-966.6%	-$2.0M
Capital Expenditures	$924K-76.9%	$4.0M+93.6%	$2.1M+402.4%	$411K-47.8%	$787K-37.1%	$1.3M
Free Cash Flow	$2.3M-56.0%	$5.2M+16.8%	$4.4M+11.2%	$4.0M+117.7%	-$22.5M-584.7%	-$3.3M
Investing Cash Flow	-$1.0M+72.6%	-$3.8M-1465.8%	-$240K-48.1%	-$162K+82.7%	-$935K+97.4%	-$35.4M
Financing Cash Flow	$122K-93.0%	$1.7M-31.0%	$2.5M-29.1%	$3.5M+381.6%	$735K-97.2%	$26.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UCL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	52.4%+4.0pp	48.4%-0.6pp	49.0%+3.5pp	45.5%+15.9pp	29.6%-2.0pp	31.6%
Operating Margin	9.8%+5.0pp	4.8%+1.8pp	3.0%+29.9pp	-26.9%+35.3pp	-62.2%+8.1pp	-70.3%
Net Margin	7.7%+2.8pp	5.0%+1.7pp	3.3%+31.1pp	-27.8%+34.6pp	-62.4%+8.4pp	-70.8%
Return on Equity	21.9%+0.8pp	21.1%+3.6pp	17.5%+231.2pp	-213.7%+15.5pp	-229.2%-116.7pp	-112.5%
Return on Assets	9.3%+2.3pp	7.0%+2.0pp	5.0%+48.2pp	-43.2%+25.4pp	-68.6%-3.4pp	-65.2%
Current Ratio	1.67+0.3	1.32+0.1	1.25+0.1	1.13+0.1	1.05-0.7	1.77
Debt-to-Equity	0.06-1.9	2.01-0.5	2.53-1.4	3.94+1.6	2.34+1.6	0.72
FCF Margin	2.8%-2.9pp	5.7%+0.5pp	5.2%-0.4pp	5.6%+36.1pp	-30.5%-26.8pp	-3.7%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.67+0.3	1.32+0.1	1.25+0.1	1.13+0.2	0.94-0.1	1.05-0.3	1.36-0.4	1.77
Debt-to-Equity	0.06-1.9	2.01-0.5	2.53-1.4	3.94-1.1	5.05+2.7	2.34+1.2	1.10+0.4	0.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ucloudlink Group Inc.'s annual revenue?

Ucloudlink Group Inc. (UCL) reported $81.4M in total revenue for fiscal year 2025. This represents a -11.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ucloudlink Group Inc.'s revenue growing?

Ucloudlink Group Inc. (UCL) revenue declined by 11.1% year-over-year, from $91.6M to $81.4M in fiscal year 2025.

Is Ucloudlink Group Inc. profitable?

Yes, Ucloudlink Group Inc. (UCL) reported a net income of $6.3M in fiscal year 2025, with a net profit margin of 7.7%.

What is Ucloudlink Group Inc.'s EBITDA?

Ucloudlink Group Inc. (UCL) had EBITDA of $10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ucloudlink Group Inc. have?

As of fiscal year 2025, Ucloudlink Group Inc. (UCL) had $32.8M in cash and equivalents against $1.6M in long-term debt.

What is Ucloudlink Group Inc.'s gross margin?

Ucloudlink Group Inc. (UCL) had a gross margin of 52.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ucloudlink Group Inc.'s operating margin?

Ucloudlink Group Inc. (UCL) had an operating margin of 9.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ucloudlink Group Inc.'s net profit margin?

Ucloudlink Group Inc. (UCL) had a net profit margin of 7.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ucloudlink Group Inc.'s return on equity (ROE)?

Ucloudlink Group Inc. (UCL) has a return on equity of 21.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ucloudlink Group Inc.'s free cash flow?

Ucloudlink Group Inc. (UCL) generated $2.3M in free cash flow during fiscal year 2025. This represents a -56.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ucloudlink Group Inc.'s operating cash flow?

Ucloudlink Group Inc. (UCL) generated $3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ucloudlink Group Inc.'s total assets?

Ucloudlink Group Inc. (UCL) had $67.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ucloudlink Group Inc.'s capital expenditures?

Ucloudlink Group Inc. (UCL) invested $924K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ucloudlink Group Inc. spend on research and development?

Ucloudlink Group Inc. (UCL) invested $4.9M in research and development during fiscal year 2025.

What is Ucloudlink Group Inc.'s current ratio?

Ucloudlink Group Inc. (UCL) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.

What is Ucloudlink Group Inc.'s debt-to-equity ratio?

Ucloudlink Group Inc. (UCL) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ucloudlink Group Inc.'s return on assets (ROA)?

Ucloudlink Group Inc. (UCL) had a return on assets of 9.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ucloudlink Group Inc.'s Altman Z-Score?

Ucloudlink Group Inc. (UCL) has an Altman Z-Score of -1.84, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Ucloudlink Group Inc.'s Piotroski F-Score?

Ucloudlink Group Inc. (UCL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ucloudlink Group Inc.'s earnings high quality?

Ucloudlink Group Inc. (UCL) has an earnings quality ratio of 0.51x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ucloudlink Group Inc. cover its interest payments?

Ucloudlink Group Inc. (UCL) has an interest coverage ratio of 40.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ucloudlink Group Inc.?

Ucloudlink Group Inc. (UCL) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.