uCloudlink Group Inc. (UCL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 61.26M | 64.3M | 57.37M | 54.35M | 55.56M | 51.54M | 49.42M | 48.56M | 49.02M | 44.6M | 45.1M | 44.25M | 41.35M | 47.14M | 45.56M | 50.17M | 49.09M | 60.02M | 60.75M | 65.83M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 32.83M | 28.52M | 30.2M | 31.07M | 30.06M | 27.68M | 26.83M | 24.7M | 23.37M | 20.26M | 18.63M | 16.52M | 14.92M | 12.35M | 11.98M | 11.01M | 7.87M | 14.34M | 18.38M | 24.71M |
| Short-Term Investments | 13.35M | 17.28M | 8.55M | 7.97M | 8.7M | 6.97M | 7.11M | 7.21M | 7.61M | 6.95M | 11.6M | 12.81M | 11.89M | 13.48M | 10.37M | 12.96M | 12.78M | 18.46M | 15.15M | 16.52M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 22.33 | 27.41 | 28.95 | 33.55 | 28.11 | 26.78 | 26.49 | 31.78 | 29.44 | 30.81 | 32.55 | 32.35 | 42.99 | 63.79 | 70.02 | 85.73 | 72.55 | 58.33 | 50.59 | 47.51 |
| Inventory | 4.38M | 4.78M | 4.54M | 2.34M | 1.31M | 2.08M | 1.83M | 2.64M | 2.18M | 2.38M | 1.8M | 2.29M | 3.62M | 4.13M | 4.94M | 5.07M | 6.13M | 7.08M | 6.37M | 6.2M |
| Days Inventory Outstanding | 39.07 | 43.65 | 34.24 | 18.13 | 10.57 | 13.75 | 17.98 | 27.02 | 20.12 | 16.5 | 15.53 | 28.3 | 37.41 | 43.76 | 45.23 | 51.57 | 50.1 | 44.62 | 41.32 | 44.56 |
| Other Current Assets | 4.57M | 0 | 7.16M | 5.29M | 361K | 6.35M | 6.47M | 6.49M | 1.53M | 5.18M | 4.5M | 0 | 1.38M | 0 | 0 | 0 | 2.2M | 0 | 0 | 0 |
| Total Non-Current Assets | 6.57M | 6.84M | 7.36M | 8.39M | 9.42M | 8.28M | 8.07M | 7.38M | 7.59M | 11.65M | 6.23M | 4.82M | 4.59M | 4.66M | 12.85M | 14.48M | 18.04M | 21.19M | 25.15M | 25.2M |
| Property, Plant & Equipment | 3.97M | 4.29M | 4.85M | 5.9M | 6.9M | 5.75M | 5.51M | 4.72M | 4.75M | 4.25M | 3.38M | 1.67M | 1.39M | 1.3M | 1.46M | 1.53M | 1.8M | 1.98M | 2.32M | 2.57M |
| Fixed Asset Turnover | 5.40x | 4.63x | 3.60x | 2.93x | 4.10x | 4.47x | 4.37x | 3.83x | 4.83x | 6.26x | 8.62x | 11.79x | 14.56x | 13.21x | 12.08x | 9.39x | 9.31x | 8.99x | 7.87x | 6.32x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 511K | 532K | 500K | 474K | 507K | 555K | 579K | 616K | 652K | 677K | 706K | 777K | 802K | 806K | 887K | 974K | 1.01M | 1.01M | 992K | 1.01M |
| Long-Term Investments | 2.04M | 2.03M | 2.01M | 2.01M | 2.01M | 1.97M | 1.98M | 1.94M | 1.96M | 6.38M | 1.69M | 1.8M | 1.71M | 1.75M | 9.59M | 10.86M | 13.93M | 16.68M | 20.12M | 19.7M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 67.83M | 71.15M | 64.73M | 62.74M | 64.98M | 59.81M | 57.49M | 55.95M | 56.61M | 56.24M | 51.33M | 49.07M | 45.93M | 51.8M | 58.41M | 64.64M | 67.13M | 81.22M | 85.9M | 91.03M |
| Asset Turnover | 0.32x | 0.31x | 0.30x | 0.29x | 0.42x | 0.43x | 0.39x | 0.32x | 0.39x | 0.44x | 0.43x | 0.38x | 0.40x | 0.33x | 0.29x | 0.24x | 0.24x | 0.23x | 0.22x | 0.19x |
| Asset Growth % | 4.39% | 18.95% | 12.59% | 12.14% | 14.79% | 6.35% | 12% | 14.01% | 23.24% | 8.57% | -12.12% | -24.09% | -31.57% | -36.22% | -32% | -28.98% | -30.98% | -19.97% | -17.67% | -1.36% |
| Total Current Liabilities | 36.77M | 38.29M | 41.77M | 40.7M | 42.18M | 36.7M | 36.99M | 37.67M | 39.12M | 37.09M | 35.94M | 36.46M | 36.44M | 40.95M | 48.52M | 51.34M | 46.77M | 46.5M | 44.75M | 42.94M |
| Accounts Payable | 7.19M | 6.39M | 8.02M | 6.93M | 7.45M | 6.98M | 6.45M | 4.54M | 5.31M | 8.6M | 7.64M | 7.07M | 6.83M | 8.81M | 9.95M | 9.97M | 12.99M | 10.37M | 11.34M | 9.71M |
| Days Payables Outstanding | 57.98 | 67.46 | 74.36 | 71.43 | 44.86 | 47.1 | 44.1 | 55.16 | 61.33 | 64.09 | 55.85 | 66.53 | 75.48 | 90.56 | 90.03 | 105.66 | 88.58 | 72.04 | 69.23 | 68.13 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 19.41M | 3.24M | 0 | 0 | 1.56M | 0 | 0 | 0 | 4.81M | 0 | 0 | 0 | 5.24M | 228K | 1.7M | 672K | 8.29M | 0 | 1.33M | 0 |
| Current Ratio | 1.67x | 1.68x | 1.37x | 1.34x | 1.32x | 1.40x | 1.34x | 1.29x | 1.25x | 1.20x | 1.25x | 1.21x | 1.13x | 1.15x | 0.94x | 0.98x | 1.05x | 1.29x | 1.36x | 1.53x |
| Quick Ratio | 1.55x | 1.55x | 1.26x | 1.28x | 1.29x | 1.35x | 1.29x | 1.22x | 1.20x | 1.14x | 1.20x | 1.15x | 1.04x | 1.05x | 0.84x | 0.88x | 0.92x | 1.14x | 1.22x | 1.39x |
| Cash Conversion Cycle | 3.42 | 3.6 | -11.17 | -19.75 | -6.19 | -6.56 | 0.36 | 3.64 | -11.77 | -16.77 | -7.78 | -5.88 | 4.92 | 16.99 | 25.22 | 31.64 | 34.06 | 30.91 | 22.68 | 23.93 |
| Total Non-Current Liabilities | 2.25M | 1.12M | 501K | 715K | 1.18M | 668K | 867K | 1.15M | 1.43M | 1.21M | 1.25M | 240K | 204K | 219K | 233K | 248K | 262K | 277K | 292K | 306K |
| Long-Term Debt | 1.62M | 794K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 39.02M | 39.41M | 42.27M | 41.41M | 43.36M | 37.37M | 37.86M | 38.82M | 40.55M | 38.3M | 37.19M | 36.7M | 36.64M | 41.16M | 48.76M | 51.59M | 47.03M | 46.77M | 45.04M | 43.24M |
| Total Debt | 8.93M | 9.23M | 9.94M | 10.37M | 9.9M | 5.58M | 6.44M | 7.54M | 7.67M | 4.25M | 4.38M | 3.31M | 3.06M | 6.01M | 9.75M | 10.33M | 3.18M | 6.31M | 4.78M | 4.89M |
| Net Debt | -23.9M | -19.28M | -20.27M | -20.7M | -20.16M | -22.1M | -20.39M | -17.17M | -15.71M | -16M | -14.24M | -13.21M | -11.86M | -6.34M | -2.24M | -676K | -4.69M | -8.03M | -13.6M | -19.82M |
| Debt / Equity | 0.31x | 0.29x | 0.44x | 0.49x | 0.46x | 0.25x | 0.33x | 0.44x | 0.48x | 0.24x | 0.31x | 0.27x | 0.33x | 0.56x | 1.01x | 0.79x | 0.16x | 0.18x | 0.12x | 0.10x |
| Debt / EBITDA | 3.54x | 10.76x | 6.43x | 34.46x | - | 1.66x | 2.29x | 8.41x | - | 1.17x | 3.79x | 1.46x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -9.47x | -22.48x | -13.11x | -68.78x | - | -6.60x | -7.27x | -19.16x | - | -4.42x | -12.33x | -5.82x | - | - | - | - | - | - | - | - |
| Interest Coverage | -27.03x | 439.15x | 14.22x | -8.19x | -30.24x | 79.79x | 48.49x | 9.36x | -65.14x | 133.24x | -29.30x | 42.20x | -14.43x | -167.56x | -32.88x | -46.59x | -341.76x | -129.28x | -164.38x | -392.74x |
| Total Equity | 28.81M | 31.73M | 22.45M | 21.33M | 21.62M | 22.45M | 19.63M | 17.13M | 16.05M | 17.95M | 14.14M | 12.37M | 9.29M | 10.64M | 9.66M | 13.05M | 20.09M | 34.44M | 40.86M | 47.79M |
| Equity Growth % | 33.23% | 41.38% | 14.37% | 24.5% | 34.7% | 25.06% | 38.82% | 38.47% | 72.78% | 68.71% | 46.46% | -5.23% | -53.76% | -69.11% | -76.37% | -72.68% | -64.37% | -46.05% | -37.5% | 11.25% |
| Book Value per Share | 7.57 | 0.83 | 0.60 | 0.57 | 0.57 | 0.60 | 0.52 | 0.46 | 0.43 | 0.48 | 0.38 | 0.33 | 0.25 | 0.35 | 0.32 | 0.45 | 0.70 | 1.21 | 1.44 | 1.69 |
| Total Shareholders' Equity | 28.81M | 31.73M | 22.45M | 21.33M | 21.62M | 22.45M | 19.63M | 17.13M | 16.05M | 17.95M | 14.14M | 12.37M | 9.29M | 10.64M | 9.66M | 13.05M | 20.09M | 34.44M | 40.86M | 47.79M |
| Common Stock | 19K | 19K | 19K | 19K | 19K | 19K | 19K | 19K | 19K | 18K | 18K | 18K | 18K | 17K | 14K | 14K | 14K | 14K | 14K | 14K |
| Retained Earnings | -215.71M | -212.64M | -221.94M | -222.62M | -222.01M | -220.51M | -223.9M | -226.14M | -226.57M | -224.74M | -228.22M | -227.3M | -229.38M | -228.32M | -223.73M | -217.44M | -209.52M | -194.03M | -187.05M | -178.84M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.08M | 2.1M | 2.29M | 2.22M | 2.23M | 1.78M | 2.6M | 2.68M | 2.46M | 2.99M | 3.19M | 2.1M | 1.88M | 3.39M | 1.39M | -494K | -446K | -389K | 3K | 286K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |