uCloudlink Group Inc. (UCL) Revenue History
Annual and quarterly revenue from 2017 to 2024
Compound Annual Growth Rate (CAGR)
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UCL Revenue Growth
Revenue Breakdown (FY 2024)
UCL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
UCL Revenue Analysis (2017–2024)
As of May 8, 2026, uCloudlink Group Inc. (UCL) generated trailing twelve-month (TTM) revenue of $85.2 million, reflecting significant decline in growth of -16.0% year-over-year. The most recent quarter (Q3 2025) recorded $21.2 million in revenue, up 9.2% sequentially.
Looking at the longer-term picture, UCL's 5-year compound annual growth rate (CAGR) stands at -10.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $158.4 million in 2019.
Revenue diversification analysis shows UCL's business is primarily driven by Others Member (100%). With over half of revenue concentrated in Others Member, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including GSAT (+8.5% YoY), TNXP (-8.8% YoY), and SHEN (-18.8% YoY), UCL has underperformed the peer group in terms of revenue growth. Compare UCL vs GSAT →
UCL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| UCLCurrent | $85M | -16.0% | -10.4% | 4.8% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 TNXP | $10M | -8.8% | - | -1354.3% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% | |
 VZ | $138.2B | +2.5% | +1.5% | 21.2% |
UCL Historical Revenue Data (2017–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $91.6M | +7.1% | $44.4M | 48.4% | $4.4M | 4.8% |
| 2023 | $85.6M | +19.8% | $42.0M | 49.0% | $2.6M | 3.0% |
| 2022 | $71.5M | -3.2% | $32.5M | 45.5% | $-19,192,000 | -26.9% |
| 2021 | $73.8M | -17.6% | $21.8M | 29.6% | $-45,910,000 | -62.2% |
| 2020 | $89.6M | -43.4% | $28.3M | 31.6% | $-62,982,000 | -70.3% |
| 2019 | $158.4M | +25.3% | $64.9M | 41.0% | $5.5M | 3.5% |
| 2018 | $126.4M | +47.2% | $46.2M | 36.5% | $-23,165,000 | -18.3% |
| 2017 | $85.8M | - | $29.5M | 34.4% | $-16,135,000 | -18.8% |
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Start ComparisonUCL — Frequently Asked Questions
Quick answers to the most common questions about buying UCL stock.
Is UCL's revenue growth accelerating or slowing?
UCL revenue declined -16.0% year-over-year, contrasting with the 5-year CAGR of -10.4%. TTM revenue fell to $85M. This reverses the prior growth trend.
What is UCL's long-term revenue growth rate?
uCloudlink Group Inc.'s 5-year revenue CAGR of -10.4% reflects the variable expansion pattern. Current YoY growth of -16.0% is below this long-term average.
How is UCL's revenue distributed by segment?
UCL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2024 are available for download. Segment mix reveals concentration and diversification trends.