uCloudlink Group Inc.(UCL)Earnings, Financials & Key Ratios
UCL•NASDAQ•Utilities
$1.14
$43M mkt cap·1.0× P/E·Price updated May 7, 2026
AboutuCloudlink Group Inc. operates as a mobile data traffic sharing marketplace in the telecommunications industry. It provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies. The company also offers uCloudlink 2.0, a model that provides mobile data connectivity services to local users through various MNOs; GlocalMe Inside, an implementation solution for smartphones and other smart hardware products, which enables them to access its cloud SIM architecture and SIM card pool; and GlocalMe, a world phone series. In addition, it provides IoT modules with GlocalMe Inside implementation to meet the demand for mobile data from various terminals, as well as provides integrated network solutions to its customers; SIM cards with prepaid data packages; and value-added services, such as advertisement. Further, it's platform-as-a-service/software-as-a-service offers modules, such as customer relationship management, operations and business support system, and SIM card enterprise resource planning and management. The company was incorporated in 2014 and is headquartered in Tsim Sha Tsui, Hong Kong.Show more
- Revenue$92M+7.1%
- EBITDA$7M+81.0%
- Net Income$5M+62.1%
- Free Cash Flow$5M+16.8%
- EBITDA Margin7.33%+69.1%
- Net Margin4.97%+51.4%
- ROE24.2%+9.1%
- Interest Coverage22.37+15.0%
- Debt/Equity0.46-4.1%
- Net Debt/EBITDA-3.00+29.1%
- CapEx / Revenue4.36%+80.8%
- CapEx Coverage2.30-27.1%
UCL Key Insights
uCloudlink Group Inc. (UCL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong interest coverage of 22.4x
✗Weaknesses
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
UCL Price & Volume
uCloudlink Group Inc. (UCL) stock price & volume — 10-year historical chart
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UCL Growth Metrics
uCloudlink Group Inc. (UCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-10.37%
3 Years7.47%
TTM-2.48%
Profit CAGR
10 Years-
5 Years-2.63%
3 Years-
TTM86.05%
EPS CAGR
10 Years-
5 Years46.14%
3 Years-
TTM1333.63%
Return on Capital
10 Years-49.27%
5 Years-66.76%
3 Years-29.21%
Last Year21.77%
UCL Peer Comparison
uCloudlink Group Inc. (UCL) competitors in IoT Connectivity and Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GSAT | 10.33B | 81.48 | -138.10 | 11.86% | -19.04% | -13.68% | 1.51 | |
 TNXP | 30.83M | 13.62 | -0.08 | 29.94% | -9.63% | -42.93% | 0.04 | |
 SHEN | 897.54M | 16.23 | -22.86 | 9.08% | -13.67% | -3.7% | 0.66 | |
 TMUS | 210.16B | 194.20 | 19.98 | 8.49% | 11.65% | 17.82% | 2.07 | |
 VZ | 198.61B | 47.09 | 11.60 | 2.52% | 12.43% | 16.42% | 1.90 | |
 ATEX | 996.61M | 53.21 | -87.23 | 43.9% | 18.66% | 34.47% | 0.03 | |
 IRDM | 4.25B | 40.19 | 37.92 | 4.93% | 12.05% | 22.76% | 3.81 | |
 SPOK | 224.51M | 10.83 | 14.44 | 1.49% | 10.33% | 7.28% | 0.05 |
Compare UCL vs Peers
uCloudlink Group Inc. (UCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
UCL Income Statement
uCloudlink Group Inc. (UCL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85.84M | 126.4M | 158.38M | 89.57M | 73.82M | 71.46M | 85.58M | 91.64M | 85.24M |
| Revenue Growth % | - | 47.24% | 25.3% | -43.45% | -17.58% | -3.2% | 19.75% | 7.08% | -2.48% |
| Cost of Revenue | 56.31M | 80.24M | 93.46M | 61.26M | 51.99M | 38.93M | 43.61M | 47.27M | 42.82M |
| Gross Profit | 29.53M▲ 0% | 46.16M▲ 56.3% | 64.92M▲ 40.7% | 28.3M▼ 56.4% | 21.83M▼ 22.9% | 32.53M▲ 49.0% | 41.97M▲ 29.0% | 44.36M▲ 5.7% | 42.42M▲ 0% |
| Gross Margin % | 34.4% | 36.52% | 40.99% | 31.6% | 29.58% | 45.53% | 49.04% | 48.41% | 49.77% |
| Gross Profit Growth % | - | 56.29% | 40.65% | -56.4% | -22.86% | 49.01% | 28.99% | 5.71% | - |
| Operating Expenses | 47.08M | 69.28M | 59.41M | 91.29M | 67.74M | 51.73M | 39.38M | 39.98M | 43.68M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - |
| EBITDA | -10.44M | -17.85M | 8.55M | -60.71M | -43.74M | -18.21M | 3.71M | 6.71M | 236K |
| EBITDA Margin % | -12.16% | -14.12% | 5.4% | -67.78% | -59.26% | -25.48% | 4.33% | 7.33% | 0.28% |
| EBITDA Growth % | - | -71.02% | 147.92% | -809.86% | 27.95% | 58.37% | 120.36% | 81.04% | -94.98% |
| Depreciation & Amortization | 5.7M | 5.32M | 3.04M | 2.27M | 2.17M | 981K | 1.12M | 2.33M | 1.46M |
| D&A / Revenue % | 6.64% | 4.21% | 1.92% | 2.53% | 2.93% | 1.37% | 1.31% | 2.54% | 1.72% |
| Operating Income (EBIT) | -16.14M▲ 0% | -23.16M▼ 43.6% | 5.51M▲ 123.8% | -62.98M▼ 1243.3% | -45.91M▲ 27.1% | -19.19M▲ 58.2% | 2.59M▲ 113.5% | 4.38M▲ 69.5% | -1.26M▲ 0% |
| Operating Margin % | -18.8% | -18.33% | 3.48% | -70.32% | -62.19% | -26.86% | 3.02% | 4.79% | -1.48% |
| Operating Income Growth % | - | -43.57% | 123.78% | -1243.26% | 27.11% | 58.2% | 113.48% | 69.5% | - |
| Interest Expense | 3.3M | 3.38M | 438K | 285K | 188K | 441K | 133K | 196K | 188.03K |
| Interest Coverage | -4.89x | -6.84x | 12.58x | -220.99x | -244.20x | -43.52x | 19.45x | 22.37x | - |
| Interest / Revenue % | 3.84% | 2.68% | 0.28% | 0.32% | 0.25% | 0.62% | 0.16% | 0.21% | 0.22% |
| Non-Operating Income | -1000K | -1000K | -245K | -248K | 113K | -500K | 294K | 241K | 1.13M |
| Pretax Income | -19.26M▲ 0% | -26.11M▼ 35.6% | 5.26M▲ 120.2% | -63.23M▼ 1301.2% | -45.8M▲ 27.6% | -19.69M▲ 57.0% | 2.88M▲ 114.6% | 4.63M▲ 60.6% | 7.98M▲ 0% |
| Pretax Margin % | -22.44% | -20.66% | 3.32% | -70.59% | -62.04% | -27.56% | 3.37% | 5.05% | 9.36% |
| Income Tax | 0 | 3.44M | 57K | 185K | 244K | 161K | 70K | 68K | 112K |
| Effective Tax Rate % | 0% | -13.15% | 1.08% | -0.29% | -0.53% | -0.82% | 2.43% | 1.47% | 1.4% |
| Net Income | -19.26M▲ 0% | -26.56M▼ 37.9% | 5.21M▲ 119.6% | -63.41M▼ 1317.9% | -46.04M▲ 27.4% | -19.85M▲ 56.9% | 2.81M▲ 114.2% | 4.56M▲ 62.1% | 7.87M▲ 0% |
| Net Margin % | -22.44% | -21.01% | 3.29% | -70.8% | -62.37% | -27.78% | 3.28% | 4.97% | 9.23% |
| Net Income Growth % | - | -37.89% | 119.61% | -1317.88% | 27.4% | 56.88% | 114.16% | 62.15% | 86.05% |
| EPS (Diluted) | -1.20▲ 0% | -1.02▲ 15.0% | 0.18▲ 117.6% | -2.40▼ 1433.3% | -1.60▲ 33.3% | -0.64▲ 60.0% | 0.08▲ 111.9% | 1.20▲ 1478.9% | 0.21▲ 0% |
| EPS Growth % | - | 15% | 117.65% | -1433.33% | 33.33% | 60% | 111.87% | 1478.95% | 1333.63% |
| EPS (Basic) | -1.20 | -1.02 | 0.18 | -2.40 | -1.60 | -0.64 | 0.08 | 1.20 | - |
| Diluted Shares Outstanding | 16.23M | 26.15M | 28.46M | 25.99M | 28.6M | 31.25M | 37.17M | 37.63M | 38.01M |
UCL Balance Sheet
uCloudlink Group Inc. (UCL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 89.33M | 80.5M | 90.1M | 97.25M | 67.13M | 45.93M | 56.61M | 64.98M | 71.15M |
| Asset Growth % | - | -9.87% | 11.91% | 7.94% | -30.98% | -31.57% | 23.24% | 14.79% | 58.46% |
| PP&E (Net) | 5.62M | 4.19M | 3.79M | 3.03M | 1.8M | 1.39M | 4.75M | 6.9M | 4.29M |
| PP&E / Total Assets % | 6.29% | 5.2% | 4.21% | 3.11% | 2.68% | 3.02% | 8.4% | 10.62% | 6.02% |
| Total Current Assets | 83.55M | 75.7M | 84.31M | 71.94M | 49.09M | 41.35M | 49.02M | 55.56M | 64.3M |
| Cash & Equivalents | 49.1M | 36.46M | 40.27M | 21.99M | 7.87M | 14.92M | 23.37M | 30.06M | 28.52M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 4.99M | 12.02M | 11.92M | 5.85M | 6.13M | 3.62M | 2.18M | 1.31M | 4.78M |
| Other Current Assets | 9.57M | 1.27M | 3.42M | 10.37M | 2.2M | 1.38M | 1.53M | 361K | 0 |
| Long-Term Investments | 0 | 0 | 430K | 19.13M | 13.93M | 1.71M | 1.96M | 2.01M | 8.06M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 156K | 616K | 602K | 1.04M | 1.01M | 802K | 652K | 507K | 532K |
| Other Assets | 0 | 0 | 964K | 2.12M | 1.31M | 688K | 228K | 0 | 0 |
| Total Liabilities | 117.93M | 63.91M | 47.65M | 40.86M | 47.03M | 36.64M | 40.55M | 43.36M | 39.41M |
| Total Debt | 71.02M | 5.13M | 6.66M | 3.7M | 3.18M | 3.06M | 7.67M | 9.9M | 9.23M |
| Net Debt | 21.92M | -31.33M | -33.62M | -18.29M | -4.69M | -11.86M | -15.71M | -20.16M | -19.28M |
| Long-Term Debt | 70.25M | 1.77M | 0 | 0 | 0 | 0 | 0 | 0 | 794K |
| Short-Term Borrowings | 768K | 3.37M | 6.66M | 3.7M | 3.18M | 2.88M | 5.3M | 6.96M | 6.93M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 184K | 2.37M | 2.94M | 8.86M |
| Total Current Liabilities | 29.45M | 41.7M | 47.65M | 40.54M | 46.77M | 36.44M | 39.12M | 42.18M | 38.29M |
| Accounts Payable | 10.29M | 12.67M | 16.73M | 8.7M | 12.99M | 6.83M | 5.31M | 7.45M | 6.39M |
| Accrued Expenses | 10.33M | 11.95M | 14.71M | 18.27M | 20.74M | 20.26M | 21.2M | 23.23M | 88.67M |
| Deferred Revenue | 2.54M | 3.94M | 1.93M | 889K | 1.57M | 1.05M | 1.43M | 1.13M | 0 |
| Other Current Liabilities | 5.52M | 9.71M | 7.63M | 8.97M | 8.29M | 5.24M | 4.81M | 1.56M | 3.24M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 18.23M | 20.44M | 0 | 321K | 262K | 204K | 145K | 87K | 44K |
| Total Equity | -28.6M▲ 0% | 16.6M▲ 158.0% | 42.44M▲ 155.7% | 56.39M▲ 32.9% | 20.09M▼ 64.4% | 9.29M▼ 53.8% | 16.05M▲ 72.8% | 21.62M▲ 34.7% | 31.73M▲ 0% |
| Equity Growth % | - | 158.03% | 155.7% | 32.87% | -64.37% | -53.76% | 72.78% | 34.7% | 114.95% |
| Shareholders Equity | -28.6M | 16.6M | 42.44M | 56.39M | 20.09M | 9.29M | 16.05M | 21.62M | 31.73M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 7K | 11K | 11K | 14K | 14K | 18K | 19K | 19K | 19K |
| Additional Paid-in Capital | 49.97M | 121.19M | 118.82M | 220.29M | 230.05M | 236.77M | 240.14M | 241.38M | 242.25M |
| Retained Earnings | -78.72M | -105.28M | -100.07M | -163.48M | -209.52M | -229.38M | -226.57M | -222.01M | -212.64M |
| Accumulated OCI | 137K | 674K | 706K | -429K | -446K | 1.88M | 2.46M | 2.23M | 2.1M |
| Return on Assets (ROA) | -21.56% | -31.27% | 6.1% | -67.7% | -56.02% | -35.12% | 5.48% | 7.5% | 11.94% |
| Return on Equity (ROE) | - | -159.99% | 17.64% | -128.32% | -120.39% | -135.13% | 22.18% | 24.2% | 32.4% |
| Debt / Equity | - | 0.31x | 0.16x | 0.07x | 0.16x | 0.33x | 0.48x | 0.46x | 0.46x |
| Debt / Assets | 79.51% | 6.37% | 7.39% | 3.81% | 4.73% | 6.66% | 13.54% | 15.23% | 12.98% |
| Net Debt / EBITDA | - | - | -3.93x | - | - | - | -4.24x | -3.00x | -3.00x |
| Book Value per Share | -1.76 | 0.63 | 1.49 | 2.17 | 0.7 | 0.3 | 0.43 | 0.57 | 0.83 |
UCL Cash Flow Statement
uCloudlink Group Inc. (UCL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -7.22M | -19.47M | 5.76M | -2.04M | -21.74M | 4.4M | 6.51M | 9.19M | 9.19M |
| Operating CF Growth % | - | -169.77% | 129.59% | -135.38% | -966.63% | 120.26% | 47.75% | 41.17% | -210.44% |
| Operating CF / Revenue % | -8.41% | -15.41% | 3.64% | -2.28% | -29.45% | 6.16% | 7.6% | 10.02% | 10.78% |
| Net Income | -19.26M | -26.56M | 5.21M | -63.41M | -46.04M | -19.85M | 2.81M | 4.56M | 7.87M |
| Depreciation & Amortization | 5.7M | 5.32M | 3.04M | 2.27M | 2.17M | 981K | 1.12M | 2.33M | 3.84M |
| Deferred Taxes | -844K | 1.36M | 957K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.3M | 3.38M | 438K | -1.39M | 13.33M | 17.97M | 3.37M | -157K | -15.57M |
| Working Capital Changes | -1.69M | -5.26M | -4.05M | 9.89M | 49K | 2.21M | -4.11M | 1.22M | 1.93M |
| Capital Expenditures | -6.67M | -5.15M | -2.83M | -35.44M | -879K | -425K | -2.06M | -4M | -4.5M |
| CapEx / Revenue % | 7.77% | 4.07% | 1.79% | 39.57% | 1.07% | 0.59% | 2.41% | 4.36% | 5.28% |
| CapEx / D&A | 1.17x | 0.97x | 0.93x | 15.63x | 0.36x | 0.43x | 1.84x | 1.72x | 1.17x |
| CapEx Coverage (OCF/CapEx) | -1.08x | -3.78x | 2.03x | -0.06x | -27.62x | 10.36x | 3.15x | 2.30x | 2.04x |
| Cash from Investing | -4.96M | -4.57M | -3.27M | -35.44M | -935K | -162K | -240K | -3.76M | -1.62M |
| Acquisitions | 383K | 1.02M | 190K | 0 | -247K | 266K | 0 | 0 | 0 |
| Purchase of Investments | 0 | -442K | -623K | -33.94M | -2K | -3K | 0 | 0 | 0 |
| Sale of Investments | 1000K | 0 | -190K | 0 | 0 | -266K | 1000K | 0 | 0 |
| Other Investing | 383K | 1.02M | 190K | -252K | 101K | 266K | 300K | 240K | 2.88M |
| Cash from Financing | 59.43M | 4.42M | 1.53M | 26.68M | 735K | 3.54M | 2.51M | 1.73M | 3.74M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 1000K | 0 | 1000K | -1000K | -549K | 1000K | 1000K | 1000K | 0 |
| Stock Issued | 0 | 0 | 0 | 29.9M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -8.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 4.42M | 0 | 0 | 1.28M | -238K | 49K | 0 | 3.74M |
| Net Change in Cash | 47.68M▲ 0% | -20.18M▼ 142.3% | 3.65M▲ 118.1% | -10.05M▼ 375.5% | -22.36M▼ 122.5% | 7.05M▲ 131.5% | 8.45M▲ 19.8% | 6.69M▼ 20.9% | 838K▲ 0% |
| Exchange Rate Effect | 420K | -559K | -375K | 749K | -420K | -729K | -326K | -474K | -286K |
| Cash at Beginning | 9.13M | 56.81M | 36.63M | 40.27M | 30.23M | 7.87M | 14.92M | 23.37M | 30.2M |
| Cash at End | 56.81M | 36.63M | 40.27M | 30.23M | 7.87M | 14.92M | 23.37M | 30.06M | 28.52M |
| Free Cash Flow | -13.89M▲ 0% | -24.62M▼ 77.2% | 2.93M▲ 111.9% | -37.48M▼ 1380.6% | -22.62M▲ 39.7% | 3.98M▲ 117.6% | 4.44M▲ 11.6% | 5.19M▲ 16.8% | -5.5M▲ 0% |
| FCF Growth % | - | -77.24% | 111.89% | -1380.56% | 39.66% | 117.59% | 11.64% | 16.79% | -279.17% |
| FCF Margin % | -16.18% | -19.48% | 1.85% | -41.85% | -30.64% | 5.57% | 5.19% | 5.66% | -6.45% |
| FCF / Net Income % | 72.12% | 92.7% | 56.21% | 59.11% | 49.12% | -20.04% | 158.02% | 113.82% | -69.87% |
UCL Key Ratios
uCloudlink Group Inc. (UCL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -159.99% | 17.64% | -128.32% | -120.39% | -135.13% | 22.18% | 24.2% | 32.4% |
| EBITDA Margin | -14.12% | 5.4% | -67.78% | -59.26% | -25.48% | 4.33% | 7.33% | 0.28% |
| Net Debt / EBITDA | - | -3.93x | - | - | - | -4.24x | -3.00x | -3.00x |
| Interest Coverage | -6.84x | 12.58x | -220.99x | -244.20x | -43.52x | 19.45x | 22.37x | - |
| CapEx / Revenue | 4.07% | 1.79% | 39.57% | 1.07% | 0.59% | 2.41% | 4.36% | 5.28% |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 0% |
| Debt / Equity | 0.31x | 0.16x | 0.07x | 0.16x | 0.33x | 0.48x | 0.46x | 0.46x |
| EPS Growth | 15% | 117.65% | -1433.33% | 33.33% | 60% | 111.87% | 1478.95% | 1333.63% |
UCL Frequently Asked Questions
uCloudlink Group Inc. (UCL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
uCloudlink Group Inc. (UCL) reported $85.2M in revenue for fiscal year 2024. This represents a 1% decrease from $85.8M in 2017.
uCloudlink Group Inc. (UCL) grew revenue by 7.1% over the past year. This is steady growth.
Yes, uCloudlink Group Inc. (UCL) is profitable, generating $7.9M in net income for fiscal year 2024 (5.0% net margin).
Dividend & Returns
uCloudlink Group Inc. (UCL) has a return on equity (ROE) of 24.2%. This is excellent, indicating efficient use of shareholder capital.
uCloudlink Group Inc. (UCL) had negative free cash flow of $5.5M in fiscal year 2024, likely due to heavy capital investments.
Industry Metrics
uCloudlink Group Inc. (UCL) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.
Explore More UCL
uCloudlink Group Inc. (UCL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
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Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates