Ucloudlink Group Inc. income statement
In fiscal 2025, Ucloudlink Group Inc. reported revenue of $81.4m, down 11.1% on the year before, operating income of $8.0m (a 9.8% margin) and net income of $6.3m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 126 | 158 | 90 | 74 | 71 | 86 | 92 | 81 |
| Cost of revenue | 80 | 93 | 61 | 52 | 39 | 44 | 47 | 39 |
| Gross profit | 46 | 65 | 28 | 22 | 33 | 42 | 44 | 43 |
| Research and development | 20 | 15 | 26 | 14 | 8 | 6 | 6 | 5 |
| Selling and marketing | 30 | 24 | 29 | 14 | 10 | 14 | 20 | 24 |
| General and administrative | 20 | 20 | 43 | 29 | 19 | 17 | 16 | 13 |
| Operating income | −23 | 6 | −63 | −46 | −19 | 3 | 4 | 8 |
| Interest expense | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for credit losses | 0 | 0 | 3 | 0 | 2 | — | — | — |
| Income before tax | −26 | 5 | −63 | −46 | −20 | 3 | 4 | 8 |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Net income | −27 | 5 | −63 | −46 | −20 | 3 | 5 | 6 |
| Diluted EPS | — | — | −$2.50 | −$1.60 | −$0.60 | — | — | — |
| Diluted shares (average) | 19m | 23m | 26m | 29m | 31m | 37m | 38m | 38m |
| EBITDA | −18 | 8 | −61 | −44 | −18 | 4 | 7 | 11 |
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