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UCL on Nasdaq

uCloudlink Group Inc.

UCloudlink Group Inc. is a communications services company in the Cayman Islands, listed on Nasdaq (UCL).1

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Last updated Oct 21, 2026.

Overview

$81.4MRevenue, fiscal 20252
$6.3MNet income, fiscal 20252

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  • TickerUCL on Nasdaq1
  • IndustryCommunications Services, NEC1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressUnit 2214-Rm1, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong3
  • Filer categoryNon-accelerated filer3

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Co., Ltd. and Beijing uCloudlink New Technology Co., Ltd. and their respective shareholders.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

52.4%Gross margin2
9.8%Operating margin2
7.7%Net margin2
-11.1%Revenue growth, 20252
21.9%Return on equity2
0.06×Debt to equity2
$2.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sale Of Products brought in 25% of the revenue uCloudlink Group Inc. broke down this way in fiscal 2025.

  1. Sale Of Products$20.4M225%down 36% from 2024
  2. Sales of products$20.4M225%down 36% from 2024
  3. Sales Of Terminals$19.5M224%down 12% from 2024
  4. Paa SAnd Saa SServices$11.1M214%down 2% from 2024
  5. Local Data Connectivity Services$6.7M28%down 18% from 2024
  6. Others$2.1M23%up 100% from 2024
  7. Other One$729.0K21%down 25% from 2024
  8. Sales Of Data Related Products$134.0K20%down 98% from 2024
Products and services by year
Products and services202320242025
Sale Of Products$27.0M$31.6M$20.4M
Sales of products$27.0M$31.6M$20.4M
Sales Of Terminals$24.4M$22.2M$19.5M
Paa SAnd Saa SServices$10.4M$11.3M$11.1M
Local Data Connectivity Services$8.8M$8.1M$6.7M
Others$1.4M$1.1M$2.1M
Other One$487.0K$970.0K$729.0K
Sales Of Data Related Products$2.1M$8.4M$134.0K

Regions

Japan brought in 38% of the revenue uCloudlink Group Inc. broke down this way in fiscal 2025.

  1. Japan$30.8M238%down 29% from 2024
  2. [Canada]$25.7M231%up 16% from 2024
  3. North America$11.1M214%down 12% from 2024
  4. Hong Kong$4.4M25%up 113% from 2024
  5. Southeast Asia$4.2M25%down 5% from 2024
  6. Europe$3.7M25%down 10% from 2024
  7. Others$791.0K21%down 39% from 2024
  8. Taiwan$759.0K21%down 52% from 2024
Regions by year
Regions202320242025
Japan$37.1M$43.4M$30.8M
[Canada]$11.2M$22.0M$25.7M
North America$24.1M$12.7M$11.1M
Hong Kong$1.7M$2.1M$4.4M
Southeast Asia$4.6M$4.5M$4.2M
Europe$4.2M$4.1M$3.7M
Others$1.9M$1.3M$791.0K
Taiwan$868.0K$1.6M$759.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue48¢$38.8M
  • Research and development6¢$4.9M
  • Other costs37¢$30.0M
  • Income tax2¢$1.5M
  • Profit8¢$6.3M

Out of $81.4M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$924.0K
  • Kept or used elsewhere71¢$2.3M

Out of $3.2M of cash from operations.2

Financial statements

Revenue5672$81.4M in 2025−36% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $126.4M$126.4M20182019: $158.4M$158.4M2019+25%2020: $89.6M$89.6M2020−43%2021: $73.8M$73.8M2021−18%2022: $71.5M$71.5M2022−3%2023: $85.6M$85.6M2023+20%2024: $91.6M$91.6M2024+7%2025: $81.4M$81.4M2025−11%
Gross profit567892$42.7M in 2025−8% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $46.2M$46.2M20182019: $64.9M$64.9M2019+41%2020: $28.3M$28.3M2020−56%2021: $21.8M$21.8M2021−23%2022: $32.5M$32.5M2022+49%2023: $42.0M$42.0M2023+29%2024: $44.4M$44.4M2024+6%2025: $42.7M$42.7M2025−4%
Operating income567892$8.0M in 2025
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2018: -$23.2M-$23.2M20182019: $5.5M$5.5M20192020: -$63.0M-$63.0M20202021: -$45.9M-$45.9M2021−27%2022: -$19.2M-$19.2M2022−58%2023: $2.6M$2.6M20232024: $4.4M$4.4M2024+70%2025: $8.0M$8.0M2025+82%
Net income567892$6.3M in 2025
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2018: -$26.6M-$26.6M20182019: $5.2M$5.2M20192020: -$63.4M-$63.4M20202021: -$46.0M-$46.0M2021−27%2022: -$19.9M-$19.9M2022−57%2023: $2.8M$2.8M20232024: $4.6M$4.6M2024+62%2025: $6.3M$6.3M2025+38%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenues$81.4M$91.6M$85.6M
Cost of revenues-$38.8M-$47.3M-$43.6M
Gross profit$42.7M$44.4M$42.0M
Research and development expenses-$4.9M-$6.2M-$6.5M
Sales and marketing expenses-$24.0M-$19.9M-$14.3M
General and administrative expenses-$12.6M-$15.9M-$17.1M
Other (expense)/income, net$6.7M$2.1M-$1.5M
Income from operations$8.0M$4.4M$2.6M
Interest income$68.0K$227.0K$70.0K
Interest expenses-$196.0K-$196.0K-$133.0K
Income before income tax$7.8M$4.4M$2.5M
Income tax expenses-$1.5M-$68.0K-$70.0K
Share of profit/(loss) in equity method investments, net of tax-$12.0K$210.0K$357.0K
Net income attributable to ordinary shareholders of the Company$6.3M$4.6M$2.8M
Net income$6.3M$4.6M$2.8M
Foreign currency translation adjustment-$159.0K-$229.0K$587.0K
Total comprehensive income$6.1M$4.3M$3.4M
Basic (in Dollars per share)$0.02$0.01$0.01
Diluted (in Dollars per share)$0.02$0.01$0.01
Basic (in Shares)378.5M shares376.3M shares371.7M shares
Diluted (in Shares)378.5M shares376.3M shares371.7M shares

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Corporate structure

uCloudlink Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of uCloudlink Group Inc.

  • Hui Li Filed SCHEDULE 13G/A on uCloudlink Group Inc., latest Oct 13, 2026 (7 filings since Oct 19, 2022)
  • Yimeng Shi Filed SCHEDULE 13G/A on uCloudlink Group Inc., latest Feb 11, 2026
  • AI Global Investment SPC Filed SCHEDULE 13G/A on uCloudlink Group Inc., latest Feb 14, 2025 (5 filings since Jan 19, 2022)
  • Chaohui Chen Filed SCHEDULE 13G/A on uCloudlink Group Inc., latest Feb 12, 2025 (4 filings since Feb 14, 2022)
  • China International Capital Corp (International) Ltd Filed SC 13G on uCloudlink Group Inc., latest Apr 25, 2024 (3 filings since Sep 30, 2022)
  • Amundi Filed SC 13G/A on uCloudlink Group Inc., latest Feb 10, 2023 (2 filings since Feb 14, 2022)
  • Yifeng Wan Filed SC 13G/A on uCloudlink Group Inc., latest Dec 7, 2022 (2 filings since Oct 19, 2022)
  • uCloudlink Group Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What uCloudlink Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$12.6M2 Dec 31, 2025$12.8M2 Dec 31, 2024−1.6%
Accumulated depreciation$10.3M2 Dec 31, 2025$8.7M2 Dec 31, 2024+18.2%
Property and equipment, net$2.2M2 Dec 31, 2025$4.0M2 Dec 31, 2024−44.7%
Operating-lease assets (leased space)$1.7M2 Dec 31, 2025$2.9M2 Dec 31, 2024−39.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$32.8M2 Dec 31, 2025$30.1M2 Dec 31, 2024+9.2%
Long-term investments$2.0M2 Dec 31, 2025$2.0M2 Dec 31, 2024+1.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$511.0K2 Dec 31, 2025$507.0K2 Dec 31, 2024+0.8%
Finite-lived intangibles, gross$1.5M2 Dec 31, 2025$1.4M2 Dec 31, 2024+11.2%
Accumulated amortization-$1.0M2 Dec 31, 2025-$854.0K2 Dec 31, 2024−17.3%
Finite-lived intangibles, net$511.0K2 Dec 31, 2025$507.0K2 Dec 31, 2024+0.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.4M2 Dec 31, 2025$1.3M2 Dec 31, 2024+233.7%
Raw materials$2.2M2 Dec 31, 2025$1.1M2 Dec 31, 2024+100.2%
Finished goods$3.5M2 Dec 31, 2025$1.7M2 Dec 31, 2024+111.1%

Leadership

Who has led uCloudlink Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Yimeng Shi2026–now
Board members and other officers (4)

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 12, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

111 filings to the SEC since October 2021: 5 annual reports, 14 insider forms, 24 large holders, 68 other. The latest 20:

  1. Oct 13, 2026SCHEDULE 13G/A EDGAR
  2. Sep 1, 20264 EDGAR
  3. Sep 1, 20264 EDGAR
  4. Sep 1, 20264 EDGAR
  5. Sep 1, 20264 EDGAR
  6. Sep 1, 20264 EDGAR
  7. Sep 1, 20264 EDGAR
  8. Aug 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Aug 17, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Aug 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jun 8, 20264 EDGAR
  12. May 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Mar 27, 202620-F ANNUAL REPORT EDGAR
  14. Mar 20, 2026SCHEDULE 13G/A EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 111 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 5, 2026Peng ZhipingDirectorBuy10,000$1.09$10.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC36,005$33.8K0.0%−56,950
Susquehanna International Group, Llp18,891$17.6K0.0%+4,092
Dimensional Fund Advisors LP10,461$9.7K0.0%No change
Matauro, LLC10,000$9.4K0.0%New
Morgan Stanley4,625$4.3K0.0%No change
Rhumbline Advisers760$7060.0%No change
UBS Group AG91$860.0%+40
SBI Securities Co., Ltd.19$180.0%+13

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How uCloudlink Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARuCloudlink Group Inc.1
  • CIK0001775898
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4899 Communications Services, NEC1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressUnit 2214-Rm1, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong, China1
  • Phone852 317589881
  • Shares outstanding258,499,680 Common Class A shares; 122,072,980 Common Class B shares as of Dec 31, 20254
  • AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 24, 20191
  • Filings186 in all: 6-K (60), UPLOAD (20), CORRESP (19), SC 13G/A (12), F-3/A (8), SC 13G (8), 3 (7), 4 (7)1
    All 23 form types

    DRSLTR (7), SCHEDULE 13G/A (7), 20-F (6), DRS/A (6), F-1/A (5), FWP (3), EFFECT (2), S-8 (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), S-8 POS (1)

  • Latest filingsAnnual report (20-F) Mar 27, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (one American depositary share representing ten Class A ordinary shares, par value US$0.00005 per share)UCLThe Nasdaq Stock Market LLC
Class A ordinary shares, par value US$0.00005 per share

From the cover page of the 20-F filed Mar 27, 2026 (Section 12(b) of the Exchange Act).4

Sources

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