uCloudlink Group (UCL) Balance Sheet: Assets & Liabilities

uCloudlink Group (UCL) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), uCloudlink Group reported total assets of $67.83M and total liabilities of $39.02M. Shareholders' equity was $28.81M, up 33.2% from $21.62M a year earlier. Total debt stood at $7.17M against $47.67M in cash and short-term investments, a net cash position of $40.50M. That puts debt-to-equity at 0.25, compared with 0.37 a year earlier.

uCloudlink Group Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for uCloudlink Group Inc. (UCL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	32.83	30.06	23.37	14.92	7.87	21.99	40.27	36.46	49.10
Short-Term Investments	14.84	8.70	7.61	11.89	14.17	19.38	0.19	0.00	0.00
Cash & Short-Term Investments	47.68	38.76	30.98	26.81	22.04	41.37	40.47	36.46	49.10
Accounts Receivable	4.44	7.88	6.49	7.37	14.92	9.01	28.24	19.70	15.80
Inventory	4.38	1.31	2.18	3.62	6.13	5.85	11.92	12.02	4.99
Other Current Assets	4.57	0.36	0.20	3.54	6.23	15.71	3.69	7.51	13.67
Total Current Assets	61.26	55.56	49.02	41.35	49.09	71.94	84.31	75.70	83.55
Non-Current Assets
Property, Plant & Equipment (Net)	3.97	6.90	4.75	1.39	1.80	3.03	3.79	4.19	5.62
Long-Term Investments	2.04	2.01	1.96	1.71	13.93	19.13	0.43	0.00	0.00
Intangible Assets	0.51	0.51	0.65	0.80	1.01	1.04	0.60	0.62	0.16
Other Non-Current Assets	0.04	0.00	0.23	0.69	1.31	2.12	0.96	0.00	0.00
Total Non-Current Assets	6.57	9.42	7.59	4.59	18.04	25.31	5.79	4.80	5.77
Total Assets	67.83	64.98	56.61	45.93	67.13	97.25	90.10	80.51	89.33
Current Liabilities
Accounts Payable	7.19	7.45	5.31	6.83	14.44	8.70	16.73	12.67	10.29
Short-Term Debt	5.55	6.96	5.30	3.06	3.18	3.70	6.66	3.37	0.77
Current Portion of Long-Term Debt	0.07	-	-	-	-	-	-	-	-
Accrued Liabilities	19.34	23.23	23.37	22.85	27.58	22.72	-	-	-
Deferred Revenue	3.43	0.71	1.43	1.05	1.58	0.89	1.93	3.94	2.54
Other Current Liabilities	2.83	1.56	1.04	25.03	4.29	26.31	22.34	21.73	15.85
Total Current Liabilities	36.77	42.18	39.12	36.44	46.77	40.54	47.65	41.70	29.45
Non-Current Liabilities
Long-Term Debt	1.62	1.09	1.29	0.00	0.00	0.00	0.00	1.77	70.25
Other Non-Current Liabilities	0.06	0.09	0.15	0.20	0.26	0.32	0.00	20.44	18.23
Total Non-Current Liabilities	2.25	1.18	1.43	0.20	0.26	0.32	0.00	22.20	88.48
Total Liabilities	39.02	43.36	40.55	36.64	47.03	40.86	47.65	63.91	117.93
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01
Retained Earnings	-215.71	-222.01	-226.57	-229.38	-209.52	-163.48	-100.07	-105.28	-78.72
Accumulated Other Comprehensive Income	2.08	2.23	2.46	1.88	-0.45	-0.43	0.71	0.67	0.14
Additional Paid-in Capital	242.42	241.38	240.14	236.77	230.05	220.29	118.82	100.75	31.74
Shares Outstanding	380.57	377.97	374.49	368.76	287.05	-	-	-	-
Total Stockholders' Equity	28.81	21.62	16.05	9.29	20.09	56.39	42.44	16.60	-28.60
Total Liabilities & Equity	67.83	64.98	56.61	45.93	67.13	97.25	90.10	80.51	89.33

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About uCloudlink Group Balance Sheet

How much debt does uCloudlink Group have?

uCloudlink Group had total debt of $7.17M as of Dec 31, 2025, against $47.67M in cash and short-term investments. Its debt-to-equity ratio was 0.25. Total debt was $8.04M a year earlier.

What are uCloudlink Group's total assets?

uCloudlink Group reported total assets of $67.83M as of Dec 31, 2025, up 4.4% from $64.98M a year earlier. Total liabilities were $39.02M.

What is uCloudlink Group's shareholders' equity?

uCloudlink Group's shareholders' equity was $28.81M as of Dec 31, 2025, or about $0.08 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition