Urgent.ly Financials
This page shows Urgent.ly (ULYX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
ULYX's operating losses are shrinking, but financing has become a short-term liquidity problem as sales keep contracting.
FY2023's reported profit was not a true earnings turn: operating income stayed negative and operating cash flow was-$65.1M , then net income swung back to-$44.0M in FY2024. The more durable change came later in the operating engine, with gross margin reaching25.4% and cash burn shrinking to-$7.4M by FY2025 even though revenue kept falling.
Margin repair came from a leaner cost structure, not bigger volume: revenue fell from
The balance sheet pressure is now short term: FY2025 shows
Financial Health Signals
We are recalculating Urgent.ly's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Urgent.ly scores -6.30, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($12.1M) relative to total liabilities ($90.1M). 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.
Urgent.ly passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Urgent.ly generates $0.36 in operating cash flow (-$7.4M OCF vs -$20.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Urgent.ly earns $-0.7 in operating income for every $1 of interest expense (-$8.9M vs $13.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Urgent.ly generated $129.2M in revenue in fiscal year 2025. This represents a decrease of 9.6% from the prior year.
Urgent.ly's EBITDA was -$4.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 81.3% from the prior year.
Urgent.ly reported -$20.4M in net income in fiscal year 2025. This represents an increase of 53.6% from the prior year.
Urgent.ly earned $-13.69 per diluted share (EPS) in fiscal year 2025. This represents an increase of 65.2% from the prior year.
Cash & Balance Sheet
Urgent.ly held $5.2M in cash against $0 in long-term debt as of fiscal year 2025.
Urgent.ly had 2M shares outstanding in fiscal year 2025. This represents an increase of 94.8% from the prior year.
Margins & Returns
Urgent.ly's gross margin was 25.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.3 percentage points from the prior year.
Urgent.ly's operating margin was -6.9% in fiscal year 2025, reflecting core business profitability. This is up 12.2 percentage points from the prior year.
Urgent.ly's net profit margin was -15.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 15.0 percentage points from the prior year.
Capital Allocation
Urgent.ly invested $7.2M in research and development in fiscal year 2025. This represents a decrease of 48.2% from the prior year.
ULYX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.3M+1.1% | $32.9M+4.0% | $31.7M+1.3% | $31.3M-2.4% | $32.0M-11.6% | $36.2M+4.9% | $34.5M-13.9% | $40.1M |
| Cost of Revenue | $24.5M-1.1% | $24.8M+4.5% | $23.8M+2.0% | $23.3M-6.6% | $24.9M-12.5% | $28.5M+4.7% | $27.2M-11.5% | $30.7M |
| Gross Profit | $8.7M+7.8% | $8.1M+2.2% | $7.9M-0.7% | $8.0M+12.3% | $7.1M-8.4% | $7.8M+5.9% | $7.3M-21.6% | $9.4M |
| R&D Expenses | $1.8M-0.7% | $1.8M+6.2% | $1.7M-14.5% | $2.0M-30.3% | $2.8M-8.0% | $3.1M-19.2% | $3.8M-10.5% | $4.2M |
| SG&A Expenses | $4.9M+32.9% | $3.7M-14.6% | $4.3M-1.7% | $4.4M-8.1% | $4.8M-3.9% | $4.9M-11.4% | $5.6M-7.2% | $6.0M |
| Operating Income | -$2.5M-41.5% | -$1.8M+17.8% | -$2.2M+12.0% | -$2.4M+47.0% | -$4.6M+21.7% | -$5.9M+29.4% | -$8.3M+0.1% | -$8.3M |
| Interest Expense | $3.6M+3.5% | $3.4M+4.8% | $3.3M-0.2% | $3.3M+3.4% | $3.2M-0.7% | $3.2M-12.8% | $3.7M-11.3% | $4.2M |
| Income Tax | N/A | N/A | $6K-68.4% | $19K | N/A | N/A | $110K+182.1% | $39K |
| Net Income | -$4.2M+19.8% | -$5.2M+7.7% | -$5.6M-2.3% | -$5.5M+37.2% | -$8.7M+17.7% | -$10.6M+9.0% | -$11.7M+10.4% | -$13.0M |
| EPS (Diluted) | N/A | $-3.63+19.3% | $-4.50+4.1% | $-4.69 | N/A | $-9.49+9.0% | $-10.43+10.8% | $-11.69 |
ULYX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $43.7M+2.1% | $42.8M+6.5% | $40.2M-13.5% | $46.4M-14.1% | $54.1M-9.7% | $59.9M-15.5% | $70.8M-15.0% | $83.4M |
| Current Assets | $30.6M+3.3% | $29.6M+10.0% | $26.9M-18.0% | $32.8M-19.5% | $40.8M-12.0% | $46.3M-19.0% | $57.2M-18.0% | $69.8M |
| Cash & Equivalents | $5.2M+33.2% | $3.9M-17.6% | $4.7M-25.1% | $6.3M-55.3% | $14.1M-17.9% | $17.1M-30.1% | $24.5M-27.7% | $33.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $21.9M-5.5% | $23.2M+16.6% | $19.9M-15.5% | $23.5M+2.7% | $22.9M-13.5% | $26.5M+5.7% | $25.0M-2.7% | $25.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $90.1M+2.4% | $88.0M+8.0% | $81.5M-1.3% | $82.5M-3.8% | $85.7M+2.9% | $83.4M-1.7% | $84.8M-1.5% | $86.1M |
| Current Liabilities | $90.1M+2.4% | $88.0M+200.1% | $29.3M-9.9% | $32.5M-13.5% | $37.6M-54.6% | $82.8M-0.2% | $83.0M-1.3% | $84.1M |
| Long-Term Debt | $0 | N/A | $42.3M+4.7% | $40.4M+1.2% | $39.9M | N/A | N/A | N/A |
| Total Equity | -$46.4M-2.8% | -$45.2M-9.4% | -$41.3M-14.5% | -$36.1M-13.9% | -$31.7M-34.7% | -$23.5M-68.5% | -$13.9M-417.9% | -$2.7M |
| Retained Earnings | -$219.2M-1.9% | -$215.1M-2.5% | -$209.9M-2.7% | -$204.3M-2.8% | -$198.8M-4.6% | -$190.1M-5.9% | -$179.5M-7.0% | -$167.8M |
ULYX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M+48.0% | -$3.4M-214.4% | $3.0M+157.6% | -$5.2M-166.4% | -$1.9M+77.8% | -$8.7M+16.2% | -$10.4M-7.2% | -$9.7M |
| 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 | -$1.2M+19.1% | -$1.5M-19.1% | -$1.3M-4.3% | -$1.2M+3.8% | -$1.3M-198.3% | $1.3M+34.0% | $949K-96.0% | $23.7M |
| Financing Cash Flow | $4.3M+4.8% | $4.1M+223.3% | -$3.3M-135.6% | -$1.4M | $0 | $0 | $0+100.0% | -$18.1M |
| 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 |
ULYX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.3%+1.6pp | 24.6%-0.4pp | 25.0%-0.5pp | 25.6%+3.3pp | 22.2%+0.8pp | 21.4%+0.2pp | 21.2%-2.1pp | 23.3% |
| Operating Margin | -7.5%-2.2pp | -5.4%+1.4pp | -6.8%+1.0pp | -7.8%+6.6pp | -14.4%+1.8pp | -16.3%+7.9pp | -24.1%-3.3pp | -20.8% |
| Net Margin | -12.5%+3.3pp | -15.7%+2.0pp | -17.7%-0.2pp | -17.5%+9.7pp | -27.3%+2.0pp | -29.3%+4.5pp | -33.8%-1.3pp | -32.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -9.5%+2.6pp | -12.1%+1.9pp | -14.0%-2.2pp | -11.8%+4.3pp | -16.2%+1.6pp | -17.7%-1.3pp | -16.5%-0.9pp | -15.6% |
| Current Ratio | 0.340.0 | 0.34-0.6 | 0.92-0.1 | 1.01-0.1 | 1.08+0.5 | 0.56-0.1 | 0.69-0.1 | 0.83 |
| Debt-to-Equity | 0.00+1.9 | -1.95-0.9 | -1.02+0.1 | -1.12+0.1 | -1.26+2.3 | -3.55+2.5 | -6.08+25.9 | -31.96 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$46.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Urgent.ly's annual revenue?
Urgent.ly (ULYX) reported $129.2M in total revenue for fiscal year 2025. This represents a -9.6% 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 Urgent.ly's revenue growing?
Urgent.ly (ULYX) revenue declined by 9.6% year-over-year, from $142.9M to $129.2M in fiscal year 2025.
Is Urgent.ly profitable?
No, Urgent.ly (ULYX) reported a net income of -$20.4M in fiscal year 2025, with a net profit margin of -15.8%.
What is Urgent.ly's EBITDA?
Urgent.ly (ULYX) had EBITDA of -$4.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Urgent.ly have?
As of fiscal year 2025, Urgent.ly (ULYX) had $5.2M in cash and equivalents against $0 in long-term debt.
What is Urgent.ly's gross margin?
Urgent.ly (ULYX) had a gross margin of 25.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Urgent.ly's operating margin?
Urgent.ly (ULYX) had an operating margin of -6.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Urgent.ly's net profit margin?
Urgent.ly (ULYX) had a net profit margin of -15.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Urgent.ly's operating cash flow?
Urgent.ly (ULYX) generated -$7.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Urgent.ly's total assets?
Urgent.ly (ULYX) had $43.7M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Urgent.ly spend on research and development?
Urgent.ly (ULYX) invested $7.2M in research and development during fiscal year 2025.
What is Urgent.ly's current ratio?
Urgent.ly (ULYX) had a current ratio of 0.34 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Urgent.ly's debt-to-equity ratio?
Urgent.ly (ULYX) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Urgent.ly's return on assets (ROA)?
Urgent.ly (ULYX) had a return on assets of -46.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Urgent.ly's cash runway?
Based on fiscal year 2025 data, Urgent.ly (ULYX) had $5.2M in cash against an annual operating cash burn of $7.4M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Urgent.ly's debt-to-equity ratio negative or unusual?
Urgent.ly (ULYX) has negative shareholder equity of -$46.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Urgent.ly's Altman Z-Score?
Urgent.ly (ULYX) has an Altman Z-Score of -6.30, 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 Urgent.ly's Piotroski F-Score?
Urgent.ly (ULYX) 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 Urgent.ly's earnings high quality?
Urgent.ly (ULYX) has an earnings quality ratio of 0.36x, considered low quality (accrual-driven). 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 Urgent.ly cover its interest payments?
Urgent.ly (ULYX) has an interest coverage ratio of -0.7x, meaning it can struggle to 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.