uCloudlink Group Inc. (UCL) Revenue History
Annual and quarterly revenue from 2017 to present
UCL Revenue Over Time (2017–2025)
UCL Revenue Growth History
4 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +47.2%
- FY2019 revenue growth
- +25.3%
- FY2020 revenue growth
- -43.4%
- FY2021 revenue growth
- -17.6%
- FY2022 revenue growth
- -3.2%
- FY2023 revenue growth
- +19.8%
- FY2024 revenue growth
- +7.1%
- FY2025 revenue growth
- -10.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $22.3M | -14.2% |
| Q3 2025 | $21.2M | -16.0% |
| Q2 2025 | $19.4M | -13.3% |
| Q1 2025 | $18.7M | +3.4% |
| Q4 2024 | $26.0M | +19.5% |
| Q3 2024 | $25.2M | +5.6% |
| Q2 2024 | $22.4M | +2.8% |
| Q1 2024 | $18.1M | +0.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
UCL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
UCL Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 29, 2026, uCloudlink Group Inc. (UCL) generated trailing twelve-month (TTM) revenue of $81.5 million, reflecting significant decline in growth of -14.2% year-over-year. The most recent quarter (Q4 2025) recorded $22.3 million in revenue, up 5.3% sequentially.
Historical Growth Trajectory
UCL's 5-year compound annual growth rate (CAGR) stands at -1.8%, indicating revenue contraction over this period. The 3-year CAGR of +4.5% exceeds the 5-year average, indicating an acceleration in the most recent period. uCloudlink Group Inc.'s highest annual revenue of $158.4 million was recorded in 2019.
Revenue by Segment
UCL's revenue is primarily driven by Others Member (100%). With over half of revenue concentrated in Others Member, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including GSAT (+11.5% YoY), TNXP (+74.8% YoY), and SHEN (-22.0% YoY) — UCL has underperformed the peer group in 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 | $82M | -14.2% | -1.8% | 1.5% | |
 GSAT | $273M | +11.5% | +16.3% | 5.4% | |
 TNXP | $13M | +74.8% | - | -959.1% | |
 SHEN | $358M | -22.0% | +10.1% | -6.2% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% | |
 VZ | $138.2B | +2.8% | +1.5% | 21.2% |
UCL Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $81.7M | -10.9% | $42.8M | 52.4% | $1.3M | 1.5% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
UCL — Frequently Asked Questions
Quick answers to the most common questions about buying UCL stock.
Is UCL's revenue growth accelerating or slowing?
UCL revenue is declining -14.2% year-over-year. TTM revenue fell to $82M, contrasting with the 5-year CAGR of -1.8%. The reversal reflects either macro headwinds or company-specific challenges.
What is UCL's revenue history from 2017 to 2026?
uCloudlink Group Inc. (UCL) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $82M, growing at -14.2% YoY. The 5-year CAGR is -1.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is UCL's long-term revenue growth rate (CAGR)?
uCloudlink Group Inc.'s 5-year revenue CAGR of -1.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -14.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for UCL.
Why does UCL's quarterly revenue fluctuate?
UCL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. uCloudlink Group Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is UCL's revenue distributed by segment?
UCL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does UCL's revenue compare to industry peers?
uCloudlink Group Inc. (UCL) with TTM revenue of $82M and -14.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.