uCloudlink Group Inc. Sponsored (UCL) Balance Sheet
UCL balance sheet, 2025
December 31, 2025 · U.S. dollars$67.8M assets = $39.0M liabilities + $28.8M equity
Both columns are drawn to the same scale: what UCL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UCL financial health
Descriptive bands, not a rating. Fiscal 2025.
UCL balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $89.3M2017 | $67.8M2025 | −3.4%/yr | |
| Total liabilities | $117.9M2017 | $39.0M2025 | −12.9%/yr | |
| Shareholders’ equity | −$28.6M2017 | $28.8M2025 | — | |
| Cash & short-term investments | $49.1M2017 | $46.2M2025 | −0.8%/yr | |
| Total debt | $71.0M2017 | $8.9M2025 | −22.8%/yr | |
| Net cash (debt) | −$21.9M2017 | $37.2M2025 | +$59.2M | |
| Working capital | $54.1M2017 | $24.5M2025 | −$29.6M | |
| Book value per share | −$1.762017 | $0.572024 | — | |
| Current ratio | 2.842017 | 1.672025 | −1.17 | |
| Debt / equity | 0.312018 | 0.312025 | 0.00 | |
| Shares outstanding | 16.2M2017 | 37.6M2024 | +12.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UCL assets
UCL liabilities and equity
UCL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UCL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $46.2M | $38.8M | $31.0M | $26.8M | $20.7M | $41.4M | $40.5M | $36.5M | $49.1M |
| Cash & equivalents | $32.8M | $30.1M | $23.4M | $14.9M | $7.9M | $22.0M | $40.3M | $36.5M | $49.1M |
| Short-term investments | $13.3M | $8.7M | $7.6M | $11.9M | $12.8M | $19.4M | $193,000 | $2.5M | $1.8M |
| Receivables | $6.1M | $11.2M | $10.5M | $7.4M | $17.5M | $9.0M | $28.2M | $19.7M | $15.8M |
| Inventory | $4.4M | $1.3M | $2.2M | $3.6M | $6.1M | $5.8M | $11.9M | $12.0M | $5.0M |
| Other current assets | $4.6M | $4.3M | $5.4M | $3.5M | $4.8M | $15.7M | $3.7M | $7.5M | $13.7M |
| Total current assets | $61.3M | $55.6M | $49.0M | $41.3M | $49.1M | $71.9M | $84.3M | $75.7M | $83.6M |
| Property, plant & equipment (net) | $4.0M | $6.9M | $4.8M | $1.4M | $1.8M | $3.0M | $3.8M | $4.2M | $5.6M |
| Goodwill & intangible assets | $511,000 | $507,000 | $652,000 | $802,000 | $1.0M | $1.0M | $602,000 | $616,000 | $156,000 |
| Long-term investments | $2.0M | $2.0M | $2.0M | $1.7M | $13.9M | $19.1M | $430,000 | $0 | $0 |
| Other non-current assets | $43,012 | $0 | $228,000 | $688,000 | $1.3M | $2.1M | $964,000 | $0 | $0 |
| Total assets | $67.8M | $65.0M | $56.6M | $45.9M | $67.1M | $97.3M | $90.1M | $80.5M | $89.3M |
| Liabilities | |||||||||
| Accounts payable | $7.2M | $7.4M | $5.3M | $6.8M | $13.0M | $8.7M | $16.7M | $12.7M | $10.3M |
| Short-term debt | $6.7M | $8.8M | $6.4M | $3.1M | $3.2M | $3.7M | $6.7M | $3.4M | $768,000 |
| Deferred revenue | $3.4M | $1.1M | $1.4M | $1.1M | $1.6M | $889,000 | $1.9M | $3.9M | $2.5M |
| Total current liabilities | $36.8M | $42.2M | $39.1M | $36.4M | $46.8M | $40.5M | $47.7M | $41.7M | $29.4M |
| Long-term debt | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $1.8M | $70.3M |
| Lease obligations | $1.8M | $2.9M | $2.4M | $184,000 | $0 | — | — | — | — |
| Other long-term liabilities | $632,009 | $1.2M | $1.4M | $204,000 | $262,000 | $321,000 | $23.0M | $20.4M | $18.2M |
| Total liabilities | $39.0M | $43.4M | $40.6M | $36.6M | $47.0M | $40.9M | $47.7M | $63.9M | $117.9M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $19,000 | $18,000 | $14,000 | $14,000 | $10,999 | $11,000 | $7,000 |
| Retained earnings (deficit) | −$215.7M | −$222.0M | −$226.6M | −$229.4M | −$209.5M | −$163.5M | −$100.1M | −$105.3M | −$78.7M |
| Accumulated other comprehensive income | $2.1M | $2.2M | $2.5M | $1.9M | −$446,000 | −$429,000 | $706,000 | $674,000 | $137,000 |
| Total shareholders' equity | $28.8M | $21.6M | $16.1M | $9.3M | $20.1M | $56.4M | $42.4M | $16.6M | −$28.6M |
| Key figures | |||||||||
| Total debt | $8.9M | $9.9M | $7.7M | $3.1M | $3.2M | $3.7M | $6.7M | $5.1M | $71.0M |
| Net cash (debt) | $37.2M | $28.9M | $23.3M | $23.7M | $17.5M | $37.7M | $33.8M | $31.3M | −$21.9M |
| Working capital | $24.5M | $13.4M | $9.9M | $4.9M | $2.3M | $31.4M | $36.7M | $34.0M | $54.1M |
| Tangible book value | $28.3M | $21.1M | $15.4M | $8.5M | $19.1M | $55.4M | $41.8M | $16.0M | −$28.8M |
| Book value per share | — | $0.57 | $0.43 | $0.30 | $0.70 | $2.17 | $1.49 | $0.63 | −$1.76 |
| Shares outstanding | — | 37.6M | 37.2M | 31.2M | 28.6M | 26.0M | 28.5M | 26.1M | 16.2M |
| Current ratio | 1.67 | 1.32 | 1.25 | 1.13 | 1.05 | 1.77 | 1.77 | 1.82 | 2.84 |
| Quick ratio | 1.42 | 1.18 | 1.06 | 0.94 | 0.82 | 1.24 | 1.44 | 1.35 | 2.20 |
| Debt / equity | 0.31 | 0.46 | 0.48 | 0.33 | 0.16 | 0.07 | 0.16 | 0.31 | — |
| Equity / assets | 42.5% | 33.3% | 28.4% | 20.2% | 29.9% | 58.0% | 47.1% | 20.6% | −32.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $37.4M | $40.7M | $46.2M | $45.8M | $38.8M | $39.0M | $38.8M | $34.7M | $33.9M | $31.9M | $31.0M | $27.2M |
| Cash & equivalents | $25.2M | $28.0M | $32.8M | $28.5M | $30.2M | $31.1M | $30.1M | $27.7M | $26.8M | $24.7M | $23.4M | $20.3M |
| Short-term investments | $12.2M | $12.7M | $13.3M | $17.3M | $8.6M | $8.0M | $8.7M | $7.0M | $7.1M | $7.2M | $7.6M | $6.9M |
| Receivables | $6.2M | $4.6M | $6.1M | $6.4M | $6.9M | $7.7M | $11.2M | $8.5M | $7.2M | $7.5M | $10.5M | $9.8M |
| Inventory | $4.0M | $4.6M | $4.4M | $4.8M | $4.5M | $2.3M | $1.3M | $2.1M | $1.8M | $2.6M | $2.2M | $2.4M |
| Other current assets | $6.3M | $6.7M | $4.6M | $7.4M | $7.2M | $5.3M | $4.3M | $6.3M | $6.5M | $6.5M | $5.4M | $5.2M |
| Total current assets | $53.8M | $56.6M | $61.3M | $64.3M | $57.4M | $54.3M | $55.6M | $51.5M | $49.4M | $48.6M | $49.0M | $44.6M |
| Property, plant & equipment (net) | $3.9M | $3.0M | $4.0M | $4.3M | $4.8M | $5.9M | $6.9M | $5.8M | $5.5M | $4.7M | $4.8M | $4.2M |
| Goodwill & intangible assets | $463,000 | $487,015 | $511,000 | $532,000 | $500,000 | $474,000 | $507,000 | $555,000 | $579,000 | $616,000 | $652,000 | $677,000 |
| Long-term investments | $2.1M | $2.1M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $1.9M | $2.0M | $6.4M |
| Other non-current assets | $63,000 | $55,985 | $43,012 | $0 | $0 | $0 | $0 | $0 | $0 | $114,000 | $228,000 | $344,000 |
| Total assets | $60.4M | $62.1M | $67.8M | $71.1M | $64.7M | $62.7M | $65.0M | $59.8M | $57.5M | $55.9M | $56.6M | $56.2M |
| Liabilities | ||||||||||||
| Accounts payable | $3.9M | $3.8M | $7.2M | $6.4M | $8.0M | $6.9M | $7.4M | $7.0M | $6.4M | $4.5M | $5.3M | $8.6M |
| Short-term debt | $10.6M | $10.1M | $6.7M | $8.2M | $9.5M | $9.7M | $8.8M | $5.0M | $5.7M | $6.5M | $6.4M | $3.2M |
| Deferred revenue | $2.1M | $2.3M | $3.4M | — | $2.4M | $941,000 | $1.1M | $991,000 | $1.4M | $1.8M | $1.4M | $946,000 |
| Total current liabilities | $34.2M | $34.2M | $36.8M | $38.3M | $41.8M | $40.7M | $42.2M | $36.7M | $37.0M | $37.7M | $39.1M | $37.1M |
| Long-term debt | $1.6M | $1.6M | $1.6M | $794,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.6M | $1.2M | $1.8M | $1.5M | $2.0M | $2.4M | $2.9M | $1.6M | $1.8M | $2.1M | $2.4M | $1.9M |
| Other long-term liabilities | $1.6M | $503,000 | $632,009 | $329,000 | $501,000 | $715,000 | $1.2M | $668,000 | $867,000 | $1.1M | $1.4M | $1.2M |
| Total liabilities | $37.4M | $36.4M | $39.0M | $39.4M | $42.3M | $41.4M | $43.4M | $37.4M | $37.9M | $38.8M | $40.6M | $38.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $18,000 |
| Retained earnings (deficit) | −$222.2M | −$219.2M | −$215.7M | −$212.6M | −$221.9M | −$222.6M | −$222.0M | −$220.5M | −$223.9M | −$226.1M | −$226.6M | −$224.7M |
| Accumulated other comprehensive income | $2.4M | $2.3M | $2.1M | $2.1M | $2.3M | $2.2M | $2.2M | $1.8M | $2.6M | $2.7M | $2.5M | $3.0M |
| Total shareholders' equity | $23.0M | $25.7M | $28.8M | $31.7M | $22.5M | $21.3M | $21.6M | $22.4M | $19.6M | $17.1M | $16.1M | $17.9M |
| Key figures | ||||||||||||
| Total debt | $13.8M | $12.2M | $8.9M | $9.2M | $9.9M | $10.4M | $9.9M | $5.6M | $6.4M | $7.5M | $7.7M | $4.3M |
| Net cash (debt) | $23.6M | $28.5M | $37.2M | $36.6M | $28.8M | $28.7M | $28.9M | $29.1M | $27.5M | $24.4M | $23.3M | $22.9M |
| Working capital | $19.7M | $22.3M | $24.5M | $26.0M | $15.6M | $13.7M | $13.4M | $14.8M | $12.4M | $10.9M | $9.9M | $7.5M |
| Tangible book value | $22.5M | $25.3M | $28.3M | $31.2M | $22.0M | $20.9M | $21.1M | $21.9M | $19.1M | $16.5M | $15.4M | $17.3M |
| Book value per share | — | — | — | $0.83 | $0.60 | $0.57 | $0.57 | $0.60 | $0.52 | $0.46 | $0.43 | $0.48 |
| Shares outstanding | — | — | — | 38.0M | 37.7M | 37.6M | 37.8M | 37.7M | 37.5M | 37.5M | 37.4M | 37.2M |
| Current ratio | 1.58 | 1.65 | 1.67 | 1.68 | 1.37 | 1.34 | 1.32 | 1.40 | 1.34 | 1.29 | 1.25 | 1.20 |
| Quick ratio | 1.28 | 1.32 | 1.42 | 1.36 | 1.09 | 1.15 | 1.18 | 1.17 | 1.11 | 1.05 | 1.06 | 1.00 |
| Debt / equity | 0.60 | 0.48 | 0.31 | 0.29 | 0.44 | 0.49 | 0.46 | 0.25 | 0.33 | 0.44 | 0.48 | 0.24 |
| Equity / assets | 38.1% | 41.4% | 42.5% | 44.6% | 34.7% | 34.0% | 33.3% | 37.5% | 34.1% | 30.6% | 28.4% | 31.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2026); data from EODHD.
UCL financial position
At the end of fiscal 2025 (December 31, 2025), uCloudlink Group Inc. Sponsored had total assets of $67.8 million (up 4.4% from a year earlier), total liabilities of $39.0 million and shareholders' equity of $28.8 million. It held $46.2 million in cash and short-term investments against $8.9 million of debt, a net cash position of $37.2 million. Its current ratio was 1.67. In the latest quarter (ended June 30, 2026) total assets were $60.4 million and equity $23.0 million.
Related: UCL income statement, UCL cash flow statement, UCL key metrics. See the UCL stock overview for the latest quote and news.
UCL balance sheet FAQ
What are uCloudlink Group Inc. Sponsored's total assets?
uCloudlink Group Inc. Sponsored reported total assets of $67.8 million at the end of fiscal 2025 (December 31, 2025), compared with $65.0 million a year earlier.
How much debt does uCloudlink Group Inc. Sponsored have?
uCloudlink Group Inc. Sponsored had $8.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.31.
How much cash does uCloudlink Group Inc. Sponsored have?
uCloudlink Group Inc. Sponsored held $46.2 million in cash and short-term investments at the end of fiscal 2025; with $8.9 million of debt that is net cash of $37.2 million.
What is uCloudlink Group Inc. Sponsored's book value?
uCloudlink Group Inc. Sponsored's shareholders' equity (book value) was $28.8 million at the end of fiscal 2025.
What is uCloudlink Group Inc. Sponsored's current ratio?
uCloudlink Group Inc. Sponsored had current assets of $61.3 million and current liabilities of $36.8 million, a current ratio of 1.67 (it can cover its short-term obligations).
How much goodwill does uCloudlink Group Inc. Sponsored have?
uCloudlink Group Inc. Sponsored carried $0.5 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.