Company Analysis

uCloudlink Group Inc. (UCL)

Nasdaq: UCL · Communications Services, NEC · Hong Kong · filing with the SEC since 2019
Grade6.0
◀ Past 5.3● Present 6.8▶ Future 5.7
1 est.

The grade of uCloudlink Group Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past5.325% of the headline
● Present6.835% of the headline
▶ Future5.740% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.8/10

Has it survived what it has been through?

No warning events in its filings since 2019.

weight 22% of this tense · 88th percentile among 20 sector filers · read for itself

From the record

uCloudlink Group Inc.'s filings since 2019 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.5/10

What has it actually done, year after year?

+2.5% a year over 5 filed years; profitable in 3 of 5.

weight 45% of this tense · 55th percentile among 17 sector filers · read for its customers

From the record

uCloudlink Group Inc.'s 5 filed years say what it did: revenue went from $74 million in fiscal 2021 to $81 million in fiscal 2025, up 2.5% a year; it rose in 2 of 4 years; the deepest fall was 11% from fiscal 2024 to fiscal 2025; net income was positive in 3 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span2.5%bottom 32% of its family
  • the share of years revenue rosebottom 32% of its family
  • the share of filed years with a profittop 18% of its family
  • the deepest fall from a revenue peak11.1%top 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.8/10

How has it treated the people who own it?

Share count grew 6.6% a year. 0% of cash flow returned. Insiders: 0 sales, 1 purchases.

weight 33% of this tense · 28th percentile among 10 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, uCloudlink Group Inc.'s diluted share count grew about 6.6% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $11 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 42% of its family
  • cash returned against operating cash flowbottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.8/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
8.3/10

Is it financially healthy right now?

ROE 22%: 22¢ of profit per shareholder dollar. Leverage 58%: owes 58¢ per asset dollar.

weight 45% of this tense · 83rd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, uCloudlink Group Inc. earned about 22 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 63 cents per dollar of everything the company owns. Leverage: it owed about 58 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 34% of its family
  • return on equitytop 16% of its family
  • gross profit against assetstop 6% of its family
  • the share count against the year beforetop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.7/10

How strong is its position in its industry?

top 43% of 19 in its family; net margin 7.7%.

weight 33% of this tense · 57th percentile among 19 sector filers · read for its customers

From the record

uCloudlink Group Inc.'s standing among 19 graded names in its industry family: revenue of $81 million in fiscal 2025 ranks in the bottom 44% by size; a net margin of 7.7% ranks in the top 13%; revenue growth of 4.5% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

  • revenue against the family$81.4Mbottom 44% of its family
  • net margin7.7%top 13% of its family
  • three-year revenue growth4.5%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 14 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 14 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: uCloudlink Group Inc.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 14 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.7/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.3/10

How much room does it have to grow?

top 27% of 18 in its family for room to expand.

weight 22% of this tense · 73rd percentile among 18 sector filers · read for itself

From the record

uCloudlink Group Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $33 million against debt of $7 million leaves 37.7% of its assets as net cash, top 18% of its family; cash from operations less capital spending is 2.8% of revenue (top 36%); a gross margin of 52.4% (top 17%); research spending of 6% of revenue (top 37%) (its annual report).

What it rests on

  • cash less debt against assets37.7%top 18% of its family
  • cash from operations less capital spending against revenue2.8%top 36% of its family
  • gross margin52.4%top 17% of its family
  • research spending against revenue6.0%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.4/10

What could actually drive growth from here?

bottom 44% of 17 in its family for growth drivers.

weight 45% of this tense · 44th percentile among 17 sector filers · read for its customers

From the record

uCloudlink Group Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.5% a year over the last three filed years against 2.5% over all 5, speeding up (top 44% of its family); the newest year grew -11.1% (bottom 21%); research spending grew -16.7% a year (bottom 32%); capital spending grew 31% a year (top 32%) (its annual reports). uCloudlink Group Inc. reported 2 product lines in fiscal 2025: Revenues From Services at $61 million (75%), Sale of Products at $20 million (25%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+2.0 points a yeartop 44% of its family
  • the newest year's revenue growth-11.1%bottom 21% of its family
  • three-year growth of research spending-16.7%bottom 32% of its family
  • three-year growth of capital spending31.0%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 17 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 17 sector filers · read for its shareholders

From the record

uCloudlink Group Inc.'s newest year against its own record: revenue of $81 million in fiscal 2025 came in 21.5% below the $104 million its prior three years' pace pointed to (bottom 26% of its family); net income of $6 million against a prior three-year average of $4 million (top 3%); a net margin of 7.7% against -6.5% before (top 32%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-21.5%bottom 26% of its family
  • net income against the prior three years' average+251%top 3% of its family
  • net margin against its prior average+14.2 pointstop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton UCL · research, not advice