U Power Limited (UCAR) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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UCAR Revenue Growth
Revenue Breakdown (FY 2024)
UCAR's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
UCAR Revenue Analysis (2020–2024)
As of May 8, 2026, U Power Limited (UCAR) generated trailing twelve-month (TTM) revenue of $79.6 million, reflecting explosive growth of +33.5% year-over-year. The most recent quarter (Q2 2025) recorded $17.7 million in revenue, down 43.0% sequentially.
Looking at the longer-term picture, UCAR's historical revenue data shows a 3-year CAGR of +76.8%. The company achieved its highest annual revenue of $44.3 million in 2024, representing a new all-time high.
Revenue diversification analysis shows UCAR's business is primarily driven by Product (100%), and Service (0%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including BTBT, EZGO (+16.2% YoY), and KNDI (-22.3% YoY), UCAR has underperformed the peer group in terms of revenue growth. Compare UCAR vs BTBT →
UCAR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| UCARCurrent | $80M | +33.5% | - | -130.9% | |
 BTBT | $164M | - | - | 16.8% | |
 EZGO | $20M | +16.2% | +6.1% | -9.5% | |
 KNDI | $87M | -22.3% | +2.6% | -47.3% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% | |
 EVGO | $384M | +51.0% | +96.7% | -28.8% |
UCAR Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $44.3M | +124.1% | $10.5M | 23.6% | $-57,989,000 | -130.9% |
| 2023 | $19.8M | +153.5% | $12.2M | 61.6% | $-36,903,000 | -186.7% |
| 2022 | $7.8M | -2.7% | $2.7M | 34.1% | $-56,249,000 | -721.5% |
| 2021 | $8.0M | +447.1% | $2.9M | 35.9% | $-44,951,000 | -561.2% |
| 2020 | $1.5M | - | $1.5M | 100.0% | $-16,012,000 | -1093.7% |
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Start ComparisonUCAR — Frequently Asked Questions
Quick answers to the most common questions about buying UCAR stock.
Is UCAR's revenue growth accelerating or slowing?
UCAR revenue is accelerating at +33.5% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $80M. Growth momentum has increased versus prior periods.
What is UCAR's long-term revenue growth rate?
U Power Limited's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +33.5% is above this long-term average.
How is UCAR's revenue distributed by segment?
UCAR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.