U Power Ltd income statement

In fiscal 2025, U Power Ltd reported revenue of $5.7m, down 7.0% on the year before, operating income of −$8.1m (a -141.7% margin) and net income of −$9.6m, or −$2.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

U Power Ltd: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	0	1	1	3	6	6
Cost of revenue	—	1	1	1	5	4
Gross profit	0	0	0	2	1	2
Research and development	0	1	1	0	0	1
Selling and marketing	0	1	0	0	0	0
General and administrative	2	6	6	6	7	7
Operating income	−2	−7	−8	−5	−8	−8
Interest expense	—	0	0	0	0	0
Net interest income	—	−0	−0	—	—	—
Income before tax	−1	−7	−9	−3	−8	−11
Income tax	—	0	0	0	—	0
Net income	−1	−6	−7	−3	−7	−10
Diluted EPS	−$1.59	−$1.28	−$13.68	−$2.20	−$2.33	−$2.09
Diluted shares (average)	—	—	—	1m	3m	5m
EBITDA	−2	−7	−8	−5	−8	−8

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from U Power Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to U Power Ltd.