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UCL

uCloudlink Group Inc.

UCL

uCloudlink Group Inc. • NASDAQ
$1.99 ▲ 4.74% (+0.09)
Market Cap $7.52 M
52w High $4.19
52w Low $0.80
Dividend Yield 0%
P/E 19.9
Volume 689
Outstanding Shares 3.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $21.154M ▲ $2.085M ▼ $9.306M ▲ 43.992% ▲ $2.4 ▲ $9.972M ▲
Q2-2025 $19.376M ▲ $9.421M ▼ $678K ▲ 3.499% ▲ $0.18 ▲ $839K ▲
Q1-2025 $18.749M ▼ $10.162M ▼ $-614K ▲ -3.275% ▲ $-0.16 ▲ $-467K ▲
Q4-2024 $25.96M ▲ $12.892M ▲ $-1.502M ▼ -5.786% ▼ $-0.4 ▼ $-818K ▼
Q3-2024 $25.192M $8.85M $3.391M 13.461% $0.09 $3.362M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $45.799M ▲ $71.146M ▲ $39.413M ▼ $31.733M ▲
Q2-2025 $38.758M ▼ $64.728M ▲ $42.274M ▲ $22.454M ▲
Q1-2025 $39.05M ▲ $62.739M ▼ $41.413M ▼ $21.326M ▼
Q4-2024 $38.76M ▲ $64.979M ▲ $43.356M ▲ $21.623M ▼
Q3-2024 $34.651M $59.814M $37.369M $22.445M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.306M ▲ $-898K ▼ $-536K ▼ $-298K ▼ $-1.688M ▼ $-898K ▲
Q2-2025 $678K ▲ $-877K ▼ $-150K ▲ $0 ▼ $-871K ▼ $-1.077M ▼
Q1-2025 $-614K ▲ $236K ▼ $-350K ▲ $976K ▼ $1.018M ▼ $-64K ▲
Q4-2024 $-1.502M ▼ $540K ▼ $-580K ▲ $3.061M ▲ $2.379M ▲ $-3.458M ▼
Q3-2024 $0 $1.989M $-992K $-704K $847K $1.989M

Revenue by Products

Product Q2-2021Q4-2021
Revenues From Services
Revenues From Services
 $20.00M ▲$30.00M ▲
Sales Of Products
Sales Of Products
 $20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly stable over the past several years, with a dip during the earlier loss-making phase and a more recent recovery. Gross profit has improved steadily, showing that the core business is now earning a healthier margin on each unit of sales than before. Operating results have moved from meaningful losses a few years ago to roughly breakeven more recently, signaling better cost control and a shift toward higher-margin services. Net income has similarly moved from persistent losses to roughly flat or slightly positive results. The earnings per share figures are quite volatile, which likely reflects one‑off items or shifts in share count, so headline profit per share should be treated with caution when judging the underlying trend.

Balance Sheet

Balance Sheet The balance sheet is relatively small in scale, reflecting a modest-sized company. Assets and shareholders’ equity have remained fairly stable over the period, with a slight strengthening recently as losses have narrowed. Cash levels have improved from earlier lows, giving the company a more comfortable liquidity position than it had a few years ago, although the cash cushion does not appear deep. Debt exists but is limited, so leverage risk looks contained; at the same time, the small equity base means the balance sheet is not especially robust if conditions were to deteriorate. Overall, it looks like a lean, asset‑light structure with moderate financial flexibility but not a lot of redundancy.

Cash Flow

Cash Flow Operating cash flow has improved from earlier negative levels to consistently positive territory in recent years, which is a key milestone for a young tech‑driven telecom business. Free cash flow is also now positive, helped by very low capital spending, consistent with an asset‑light, platform‑oriented model. This means the business is no longer burning cash in its day‑to‑day operations and can, at least at current scale, fund itself without heavy external financing. The flip side is that low investment in physical assets places more pressure on the company to keep investing smartly in software, platforms, and partnerships to sustain growth.

Competitive Edge

Competitive Edge uCloudlink operates in a highly competitive connectivity space but differentiates itself through its Cloud SIM and HyperConn technologies, which enable dynamic switching across many mobile networks without physical SIM cards. This creates a distinct user experience, especially for global travelers, cross‑border users, and connected devices. The company’s marketplace approach and partnerships with hundreds of mobile operators give it broad coverage without owning costly network infrastructure. Its first‑mover position in mobile data traffic sharing and a growing patent portfolio form a meaningful barrier to entry. However, it still faces competition from global roaming offers, eSIM providers, device makers, and traditional carriers, and it must continually prove its value to both end users and operator partners. Scale, brand awareness, and the ability to build strong recurring service revenues will be crucial to sustaining its advantage.

Innovation and R&D

Innovation and R&D Innovation is clearly a core pillar for uCloudlink. The firm has built a substantial patent portfolio around Cloud SIM and HyperConn, and is layering these technologies into new offerings, from portable hotspots and embedded IoT solutions to its eSIM platform. It is also branching into adjacent areas like pet technology with PetPhone, and expanding connectivity solutions like MeowGo and CloudSIM Kit for smart devices. This shows a willingness to experiment beyond its original travel‑Wi‑Fi niche and to target higher‑margin, software‑ and service‑driven revenue streams. The opportunity is sizable if these products scale, but execution risk is high: new categories such as pet tech are unproven, and the company must balance R&D spending with its still‑modest profitability and cash resources. Success will depend on converting technical strength into repeatable, commercially attractive products and platforms.

Summary

uCloudlink has evolved from a loss‑making, hardware‑heavy travel connectivity business into a more balanced, services‑oriented platform that is approaching consistent profitability. Revenues are stable, margins have improved, and cash flow from operations has turned positive, though the overall scale of the business and its financial buffers remain limited. Its competitive edge lies in patented Cloud SIM and HyperConn technologies, an asset‑light marketplace model, and network effects from operator partnerships, which together provide a defensible niche in global mobile data connectivity. At the same time, the company operates in a fast‑moving, competitive industry and is pursuing several new growth areas—from IoT to pet tech—that carry both upside potential and meaningful execution risk. In essence, this is a small but innovative telecom‑tech player that has cleaned up its finances, is betting heavily on differentiated technology and services, and now needs to demonstrate it can scale these innovations into durable, profitable growth.

NEWS

November 14, 2025 · 7:20 AM UTC

GlocalMe PetPhone “Pet Call Challenge” Sparkled on Hong Kong's Avenue of Stars

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November 12, 2025 · 3:22 AM UTC

UCLOUDLINK GROUP INC. Announces Unaudited Third Quarter 2025 Financial Results

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November 5, 2025 · 5:00 AM UTC

UCLOUDLINK GROUP INC. to Report Third Quarter 2025 Financial Results on November 12, 2025

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October 17, 2025 · 7:37 AM UTC

UCLOUDLINK GROUP INC. Announces Plan to Establish New Operational Structure for Its Pet-Tech Business

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October 17, 2025 · 5:30 AM UTC

UCLOUDLINK Expands Global Reach of PetPhone to the Middle East in Partnership with AHAM AL TAFASIL

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