Ultralife Corporation (ULBI) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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ULBI Revenue Growth
Revenue Breakdown (FY 2023)
ULBI's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
ULBI Revenue Analysis (2013–2024)
As of May 8, 2026, Ultralife Corporation (ULBI) generated trailing twelve-month (TTM) revenue of $186.5 million, reflecting exceptional growth of +21.5% year-over-year. The most recent quarter (Q3 2025) recorded $43.4 million in revenue, down 10.7% sequentially.
Looking at the longer-term picture, ULBI's 5-year compound annual growth rate (CAGR) stands at +9.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $164.5 million in 2024, representing a new all-time high.
Revenue diversification analysis shows ULBI's business is primarily driven by Battery & Energy Products Segment (82%), Communications Systems Segment (18%), and Corporate Segment (0%). With over half of revenue concentrated in Battery & Energy Products Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including FLUX (-19.7% YoY), CBAT (-22.0% YoY), and MVST (+12.6% YoY), ULBI has outperformed the peer group in terms of revenue growth. Compare ULBI vs FLUX →
ULBI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ULBICurrent | $187M | +21.5% | +9.0% | 6.1% | |
 FLUX | $66M | -19.7% | +31.6% | -7.6% | |
 CBAT | $177M | -22.0% | +51.4% | 5.0% | |
 MVST | $428M | +12.6% | +31.8% | 1.6% | |
 CLFD | $150M | -21.0% | +10.0% | 1.4% | |
 LIQT | $17M | +11.0% | -6.0% | -50.3% |
ULBI Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $164.5M | +3.7% | $42.3M | 25.7% | $10.0M | 6.1% |
| 2023 | $158.6M | +20.3% | $39.2M | 24.7% | $9.5M | 6.0% |
| 2022 | $131.8M | +34.2% | $29.4M | 22.3% | $129K | 0.1% |
| 2021 | $98.3M | -8.8% | $24.6M | 25.1% | $35K | 0.0% |
| 2020 | $107.7M | +0.9% | $29.2M | 27.1% | $5.7M | 5.3% |
| 2019 | $106.8M | +22.5% | $31.2M | 29.2% | $7.4M | 6.9% |
| 2018 | $87.2M | +1.9% | $25.6M | 29.3% | $6.6M | 7.5% |
| 2017 | $85.5M | +3.7% | $26.2M | 30.7% | $6.5M | 7.6% |
| 2016 | $82.5M | +7.9% | $25.1M | 30.4% | $3.8M | 4.6% |
| 2015 | $76.4M | +14.9% | $23.3M | 30.5% | $3.3M | 4.4% |
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Start ComparisonULBI — Frequently Asked Questions
Quick answers to the most common questions about buying ULBI stock.
Is ULBI's revenue growth accelerating or slowing?
ULBI revenue is accelerating at +21.5% year-over-year, exceeding the 5-year CAGR of +9.0%. TTM revenue reached $187M. Growth momentum has increased versus prior periods.
What is ULBI's long-term revenue growth rate?
Ultralife Corporation's 5-year revenue CAGR of +9.0% reflects the sustained expansion pattern. Current YoY growth of +21.5% is above this long-term average.
How is ULBI's revenue distributed by segment?
ULBI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.