uCloudlink Group (UCL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UCL SEC filings page.
uCloudlink Group Inc. (UCL) reported $81.4M in revenue for fiscal year 2025, down 11.1% from the prior fiscal year. This page shows its 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 (20-F and 6-K reports).
uCloudlink earned more from a smaller sales base in FY2025, but cash generation weakened while its balance sheet became less leveraged.
Sales fell11.1% while cost of revenue fell18.0% , allowing gross margin expansion without top-line growth. Net income rose38.2% to$6.3M , yet operating cash flow fell65.1% to$3.2M , so earnings converted less fully into cash.
Liabilities fell to
Capital expenditures fell
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. 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.
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 44/100, indicating healthy but not exceptional operating efficiency. This is up from 4.8% the prior year.
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 23/100.
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 98/100, indicating a strong balance sheet with room for future borrowing.
uCloudlink Group Inc.'s current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
uCloudlink Group Inc. has a free cash flow margin of 2.8%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
uCloudlink Group Inc. earns a strong 21.9% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is up from 21.1% the prior year.
uCloudlink Group Inc. scores -2.31, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $215.7M against total assets of $67.8M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
uCloudlink Group Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
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.
uCloudlink Group Inc. earns $40.64 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
Earnings & Revenue
uCloudlink Group Inc. generated $81.4M in revenue in fiscal year 2025. This represents a decrease of 11.1% from the prior year.
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.
uCloudlink Group Inc. reported $6.3M in net income in fiscal year 2025. This represents an increase of 38.2% from the prior year.
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
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.
uCloudlink Group Inc. held $32.8M in cash against $1.6M in long-term debt as of fiscal year 2025, with $36.8M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
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.
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.
Not reported for fiscal year 2025.
UCL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.4M-11.1% | $91.6M+7.1% | $85.6M+19.8% | $71.5M-3.2% | $73.8M-17.6% | $89.6M-43.4% | $158.4M+25.3% | $126.4M |
| 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-34.5% | $93.5M+16.5% | $80.2M |
| Gross Profit | $42.7M-3.8% | $44.4M+5.7% | $42.0M+29.0% | $32.5M+49.0% | $21.8M-22.9% | $28.3M-56.4% | $64.9M+40.7% | $46.2M |
| 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+74.5% | $15.1M-25.9% | $20.4M |
| SG&A Expenses | $36.6M+1.9% | $35.9M+14.2% | $31.4M+8.2% | $29.0M-31.2% | $42.2M-41.8% | $72.5M+62.5% | $44.6M-10.1% | $49.6M |
| Operating Income | $8.0M+81.7% | $4.4M+69.5% | $2.6Mn/m | -$19.2Mn/m | -$45.9Mn/m | -$63.0M-1243.3% | $5.5Mn/m | -$23.2M |
| EBITDA | $10.8M+60.5% | $6.7M+81.0% | $3.7Mn/m | -$18.2Mn/m | -$43.7Mn/m | -$60.7M-809.9% | $8.6Mn/m | -$17.8M |
| Interest Expense | $196K0.0% | $196K+47.4% | $133K-69.8% | $441K+134.6% | $188K-34.0% | $285K-34.9% | $438K-87.1% | $3.4M |
| Income Tax | $1.5M+2142.6% | $68K-2.9% | $70K-56.5% | $161K-34.0% | $244K+31.9% | $185K+224.6% | $57K | N/A |
| Net Income | $6.3M+38.2% | $4.6M+62.1% | $2.8Mn/m | -$19.9Mn/m | -$46.0Mn/m | -$63.4M-1317.9% | $5.2Mn/m | -$26.6M |
| EPS (Basic) | $0.02+100.0% | $0.01 | $0.01n/m | -$0.06n/m | -$0.16n/m | -$0.25 | $0.01 | -$0.16 |
| EPS (Diluted) | $0.02+100.0% | $0.01 | $0.01n/m | -$0.06n/m | -$0.16n/m | -$0.25 | $0.01 | -$0.16 |
| Diluted Shares (Avg) | 379M+0.6% | 376M | 372M+19.0% | 312M+9.3% | 286M+10.1% | 260M | N/A | N/A |
UCL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $67.8M+4.4% | $65.0M+14.8% | $56.6M+23.2% | $45.9M-31.6% | $67.1M-31.0% | $97.3M+7.9% | $90.1M | N/A |
| Current Assets | $61.3M+10.3% | $55.6M+13.3% | $49.0M+18.6% | $41.3M-15.8% | $49.1M-31.8% | $71.9M-15.6% | $85.3M | N/A |
| Cash & Equivalents | $32.8M+9.2% | $30.1M+28.6% | $23.4M+56.6% | $14.9M+89.6% | $7.9M-64.2% | $22.0M-41.1% | $37.3M | N/A |
| Short-Term Investments | $13.3M+53.3% | $8.7M+14.3% | $7.6M+3764.5% | $197K-98.4% | $12.6M+6321.9% | $196Kn/m | $0 | N/A |
| Inventory | $4.4M+233.7% | $1.3M-39.9% | $2.2M-39.8% | $3.6M-40.9% | $6.1M+4.9% | $5.8M-44.4% | $10.5M | N/A |
| Accounts Receivable | $4.4M-43.7% | $7.9M+21.4% | $6.5M+8.9% | $6.0M-60.1% | $14.9M+121.2% | $6.7M-73.8% | $25.8M | N/A |
| Long-Term Investments | $2.0M+1.6% | $2.0M+2.8% | $2.0M+14.3% | $1.7M-85.8% | $12.1M-32.3% | $17.8Mn/m | $0 | 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-42.1% | $70.6M | N/A |
| Current Liabilities | $36.8M-12.8% | $42.2M+7.8% | $39.1M+7.4% | $36.4M-22.1% | $46.8M+15.4% | $40.5M-14.9% | $47.7M | N/A |
| Non-Current Liabilities | $2.3M+91.8% | $1.2M-17.9% | $1.4M+601.5% | $204K-22.1% | $262K-18.4% | $321K-98.6% | $23.0M | N/A |
| 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-53.8% | $20.1M-64.4% | $56.4M+189.7% | $19.5M+17.3% | $16.6M |
| Retained Earnings | -$215.7Mn/m | -$222.0Mn/m | -$226.6Mn/m | -$229.4Mn/m | -$209.5Mn/m | -$163.5Mn/m | -$100.1M | N/A |
Not reported in any period shown, so not listed: Goodwill.
UCL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.2M-65.1% | $9.2M+41.2% | $6.5M+47.8% | $4.4Mn/m | -$21.7Mn/m | -$2.0M-135.4% | $5.8Mn/m | -$19.5M |
| Depreciation & Amortization | $2.8M+20.7% | $2.3M+107.7% | $1.1M+14.3% | $981K-54.7% | $2.2M-4.5% | $2.3M-25.5% | $3.0M-42.7% | $5.3M |
| Stock-Based Compensation | $1.0M-16.0% | $1.2M-62.6% | $3.3M+7.0% | $3.1M-64.6% | $8.8M-82.7% | $50.6M+29845.0% | $169K-92.6% | $2.3M |
| Capital Expenditures | $924K-76.9% | $4.0M+93.6% | $2.1M+402.4% | $411K-47.8% | $787K-37.1% | $1.3M-54.5% | $2.8M-39.4% | $4.5M |
| Free Cash Flow | $2.3M-56.0% | $5.2M+16.8% | $4.4M+11.2% | $4.0Mn/m | -$22.5Mn/m | -$3.3M-209.3% | $3.0Mn/m | -$24.0M |
| Investing Cash Flow | -$1.0Mn/m | -$3.8Mn/m | -$240Kn/m | -$162Kn/m | -$935Kn/m | -$35.4Mn/m | -$3.3Mn/m | -$4.6M |
| Financing Cash Flow | $122K-93.0% | $1.7M-31.0% | $2.5M-29.1% | $3.5M+381.6% | $735K-97.2% | $26.7M+1646.4% | $1.5M-65.4% | $4.4M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
UCL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.4%+4.0pp | 48.4%-0.6pp | 49.0%+3.5pp | 45.5%+15.9pp | 29.6%-2.0pp | 31.6%-9.4pp | 41.0%+4.5pp | 36.5% |
| Operating Margin | 9.8%+5.0pp | 4.8%+1.8pp | 3.0%+29.9pp | -26.9%+35.3pp | -62.2%+8.1pp | -70.3%-73.8pp | 3.5%+21.8pp | -18.3% |
| Net Margin | 7.7%+2.8pp | 5.0%+1.7pp | 3.3%+31.1pp | -27.8%+34.6pp | -62.4%+8.4pp | -70.8%-74.1pp | 3.3%+24.3pp | -21.0% |
| 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%-139.2pp | 26.8%+186.7pp | -160.0% |
| 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%-71.0pp | 5.8% | N/A |
| Current Ratio | 1.67+0.3x | 1.32+0.1x | 1.25+0.1x | 1.13+0.1x | 1.05-0.7x | 1.770.0x | 1.79 | N/A |
| Debt-to-Equity | 0.06 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 1.35-0.7x | 2.01-0.5x | 2.53-1.4x | 3.94+1.6x | 2.34+1.6x | 0.72-2.9x | 3.63 | N/A |
| Asset Turnover | 1.20-0.2x | 1.41-0.1x | 1.510.0x | 1.56+0.5x | 1.10+0.2x | 0.92-0.8x | 1.76 | N/A |
| FCF Margin | 2.8%-2.9pp | 5.7%+0.5pp | 5.2%-0.4pp | 5.6%+36.1pp | -30.5%-26.8pp | -3.7%-5.6pp | 1.9%+20.9pp | -19.0% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| uCloudlink Group Inc. UCL | FY2025 | $81.4M | $6.3M | 7.7% | $7.7M | 54/100 |
| iQSTEL Inc. IQST | FY2025 | $316.9M | -$8.5M | -2.7% | $8.9M | 47/100 |
| SurgePays, Inc. SURG | FY2025 | $57.0M | -$36.1M | -63.3% | $8.7M | 19/100 |
| FingerMotion, Inc. FNGR | FY2026 | $24.1M | -$7.0M | -29.2% | $8.6M | 28/100 |
| Nixxy, Inc. NIXX | FY2025 | $97.9M | -$15.0M | -15.3% | $6.2M | 23/100 |
| iOThree Limited IOTR | FY2026 | $14.7M | -$1.2M | -7.9% | $10.7M | 50/100 |
Where uCloudlink Group Inc. Ranks
Frequently Asked Questions
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.
uCloudlink Group Inc. (UCL) revenue declined by 11.1% year-over-year, from $91.6M to $81.4M in fiscal year 2025.
Yes, uCloudlink Group Inc. (UCL) reported a net income of $6.3M in fiscal year 2025, with a net profit margin of 7.7%.
uCloudlink Group Inc. (UCL) had EBITDA of $10.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, uCloudlink Group Inc. (UCL) had $32.8M in cash and equivalents against $1.6M in long-term debt.
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.
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.
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.
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.
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.
uCloudlink Group Inc. (UCL) generated $3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
uCloudlink Group Inc. (UCL) had $67.8M in total assets as of fiscal year 2025, including both current and long-term assets.
uCloudlink Group Inc. (UCL) invested $924K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
uCloudlink Group Inc. (UCL) invested $4.9M in research and development during fiscal year 2025.
uCloudlink Group Inc. (UCL) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.
uCloudlink Group Inc. (UCL) had a debt-to-equity ratio of 0.06 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
uCloudlink Group Inc. (UCL) had a liabilities-to-equity ratio of 1.35 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
uCloudlink Group Inc. (UCL) trades at 1.2x earnings, its market capitalization divided by $6.3M net income, FY2025. The market capitalization is $7.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
uCloudlink Group Inc. (UCL) trades at 0.1x sales, its market capitalization divided by $81.4M revenue, FY2025. The market capitalization is $7.7M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
uCloudlink Group Inc. (UCL) has an Altman Z-Score of -2.31, 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.
uCloudlink Group Inc. (UCL) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
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.
uCloudlink Group Inc. (UCL) has an interest coverage ratio of 40.64x, 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.
uCloudlink Group Inc. (UCL) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.