Here are the 10-Q quarterly reports from Urgent.ly Inc. (ULY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ULY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ULY filings page.
Urgent.ly Inc. reported Q3 results with softer sales but improved operating efficiency. Revenue was $32,943 for the quarter versus $36,246 a year ago, while gross profit rose to $8,111. Operating expenses fell to $9,880, narrowing operating loss to $(1,769). Net loss was $(5,179). Year‑to‑date, revenue totaled $95,902 with a net loss of $(16,275).
Liquidity remains tight. Cash, cash equivalents and restricted cash were $4,003 against principal debt of $60,968, and the company disclosed “substantial doubt” about its ability to continue as a going concern. Current liabilities were elevated, including a revolver and the current portion of long‑term debt. The company amended its Highbridge term loan (allowing paid‑in‑kind interest and extending maturity to July 31, 2026) and added a MidCap revolving credit facility. It also launched an ATM program, selling 180,912 shares for net proceeds of $273.
Nasdaq granted an extension to regain compliance with Listing Rule 5550(b) by February 16, 2026. Shares outstanding were 2,190,945 as of November 10, 2025.
Urgent.ly Inc. reported second-quarter 2025 revenue of $31.7 million, down from $34.5 million a year earlier, and generated a gross profit of $7.9 million, improving gross margin to 25% from 21% a year ago. The company recorded a net loss attributable to common stockholders of $5.6 million for the quarter and $11.1 million for the six months ended June 30, 2025, leaving an accumulated deficit of $209.9 million.
Liquidity and leverage are material issues: cash, cash equivalents and restricted cash totaled $4.83 million at June 30, 2025 versus principal debt of $55.3 million (long-term debt, net $42.3 million). Management discloses substantial doubt about the company’s ability to continue as a going concern. Revenue concentration is high (59% of Q2 revenue from two customers) and dispatch volume declined to ~191,000 in Q2 from ~205,000 a year earlier. Subsequent events include issuance of contingent amendment shares to lenders and an ATM program to raise up to approximately $4.0 million.