UCLNasdaqCommunications Services, NECFiscal year ends December 31
uCloudlink Group Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 27, 2026
$0.23−0.01 (-3.36%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 11.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
52.4%+20.8 pts over 5 years
Operating margin
9.8%+80.1 pts over 5 years
Net margin
7.7%+78.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -11.1% | +4.5% | -1.9% | – | |
| Gross profit | -3.8% | +9.5% | +8.6% | – | |
| Operating income | +81.7% | – | – | – | |
| Net income | +38.2% | – | – | – | |
| EPS, diluted | +100.0% | – | – | – | |
| Free cash flow | -56.0% | -17.0% | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -167.2% | 25.0% | |
| Return on assets | – | -67.7% | 9.5% | |
| Current ratio | – | 1.77 | 1.67 | |
| Interest coverage | – | -221.0× | 40.6× | |
| Inventory turnover | – | 7.5× | 13.6× | |
| Capex to revenue | – | 1.4% | 1.1% | |
| Diluted shares | – | 260M | 379M |
Where the cash went
Fiscal 2021 to 2025, five years combined
uCloudlink generated $45.04M from operations and spent $8.19M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$45.04M
Used
$8.19M
Capital expenditure$8.19M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.7%
×Asset turnover1.23×
×Equity multiplier2.63×
=Return on equity, FY202525.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.7% | 1.23× | 2.63× | 25.0% |
| FY2024 | 5.0% | 1.51× | 3.23× | 24.2% |
| FY2023 | 3.3% | 1.67× | 4.05× | 22.2% |
| FY2022 | -27.8% | 1.26× | 3.85× | -135.1% |
| FY2021 | -62.4% | 0.90× | 2.15× | -120.4% |
| FY2020 | -70.8% | 0.96× | 2.47× | -167.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$6.30M
- Cash generatingOperating cash flow above zero$3.21M
- Return on assets improvedROA up on the prior year8.1% → 9.7%
- Earnings backed by cashOperating cash flow above net income$3.21M vs $6.30M
- Less leverageLong-term debt to assets fell– → 2.4%
- Better liquidityCurrent ratio rose1.32 → 1.67
- No dilutionShare count did not rise376M → 379M
- Gross margin improvedGross margin up on the prior year48.41% → 52.40%
- More efficientAsset turnover rose1.62 → 1.25