← uCloudlink Group Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $37.3m $22.0m $7.9m $14.9m $23.4m $30.1m $32.8m
Prepaid Expense and Other Assets, Current $7.8m $7.5m $6.2m $4.3m $6.4m $5.6m $4.6m
Short-term Investments — $196k $12.6m $11.7m — — —
Cash and cash equivalents $37.3m $22.0m $7.9m $14.9m $23.4m $30.1m $32.8m
Accounts receivable, net $25.8m $6.7m $14.9m $6.0m $6.5m $7.9m $4.4m
Inventories, net $10.5m $5.8m $6.1m $3.6m $2.2m $1.3m $4.4m
Allowance For Doubtful Accounts Receivable — — — ($4.5m) ($4.2m) ($4.6m) ($4.6m)
Cash Cash Equivalents And Short Term Investments — — — $26.8m $31.0m $38.8m $46.2m
Gross Accounts Receivable — — — $10.5m $10.7m $12.5m $9.0m
Inventories Adjustments Allowances — — — ($748k) ($1.4m) ($1.5m) ($1.4m)
Non Current Prepaid Assets — — — $688k $228k $0 $43k
Other Current Assets — — — $163k $196k $361k $189k
Other Short Term Investments — — — $11.9m $7.6m $8.7m $13.3m
Prepaid Assets — — — $3.4m $5.2m $3.9m $3.0m
Taxes Receivable — — — $715k $1.1m $1.3m $1.4m
Inventory, Net $10.5m $5.8m $6.1m $3.6m $2.2m $1.3m $4.4m
Assets, Current $85.3m $71.9m $49.1m $41.3m $49.0m $55.6m $61.3m
Total current assets $85.3m $71.9m $49.1m $41.3m $49.0m $55.6m $61.3m
Long-term investments — $1.3m $1.9m $1.7m $2.0m $2.0m $2.0m
Property, Plant and Equipment, Net $3.8m $3.0m $1.8m $1.2m $2.4m $4.0m $2.2m
Intangible Assets, Net (Excluding Goodwill) — — — — — $507k $511k
Intangible assets, net $602k $1.0m $1.0m $802k $652k $507k $511k
Goodwill And Other Intangible Assets — — — $802k $652k $507k $511k
Other Intangible Assets — — — $802k $652k $507k $511k
Operating Lease, Right-of-Use Asset — — — $206k $2.3m $2.9m $1.7m
Other Assets, Noncurrent — — — $688k — — —
Prepayments and other assets $7.8m $7.5m $6.2m $4.3m $6.4m $5.6m $4.6m
Right-of-use asset, net — — — $206k $2.3m $2.9m $1.7m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $25.8m $6.7m $14.9m $6.0m $6.5m $7.9m $4.4m
Amounts due from related parties — $2.3m $1.2m $698k $5.9m $2.0m $1.7m
Other investments — $17.8m $12.1m $11.7m $7.6m $8.7m $13.3m
Prepayment — $2.1m $1.3m $688k $228k — $43k
Short term borrowings $6.7m $3.7m $3.2m $2.9m $5.3m $7.0m $5.5m
Amounts due to related parties — $1.5m $1.5m $184k $1.2m $49k $29k
Contract liabilities $1.9m $889k $1.6m $1.1m $1.4m $709k $3.4m
Operating lease liabilities — — — $184k $1.3m $1.1m $574k
Other non-current liabilities — $321k $262k $204k $145k $87k $58k
Ordinary shares, value $11k $14k $14k $12k $19k $19k $19k
Accumulated losses ($100.1m) ($163.5m) ($209.5m) ($229.4m) ($226.6m) ($222.0m) ($215.7m)
Accumulated Depreciation — — — ($10.6m) ($10.0m) ($8.7m) ($10.3m)
Capital Lease Obligations — — — $184k $2.4m $2.9m $1.8m
Current Accrued Expenses — — — $22.8m $23.4m $23.2m $17.4m
Current Capital Lease Obligation — — — $184k $1.1m $1.9m $1.2m
Current Debt — — — $2.9m $5.3m $7.0m $5.6m
Current Debt And Capital Lease Obligation — — — $3.1m $6.4m $8.8m $6.8m
Current Deferred Liabilities — — — $1.1m $1.4m $709k $3.4m
Duefrom Related Parties Current — — — $698k $2.9m $2.0m $1.7m
Dueto Related Parties Current — — — $1.5m $1.2m $49k $0
Finished Goods — — — $2.4m $1.9m $1.7m $3.5m
Gross PPE — — — $12.0m $14.8m $15.6m $14.3m
Invested Capital — — — $12.2m $21.4m $28.6m $36.0m
Investments And Advances — — — $1.7m $2.0m $2.0m $2.0m
Leases — — — $536k $531k $529k $552k
Line Of Credit — — — $2.8m $2.8m $7.0m $5.5m
Long Term Capital Lease Obligation — — — $0 $1.3m $1.1m $574k
Machinery Furniture Equipment — — — $2.2m $2.2m $2.3m $2.4m
Net PPE — — — $1.4m $4.8m $6.9m $4.0m
Net Tangible Assets — — — $8.5m $15.4m $21.1m $28.3m
Ordinary Shares Number — — — $368.8m $374.5m $378.0m $380.6m
Other Current Borrowings — — — $34k $2.5m — $68k
Other Current Liabilities — — — $708k $1.0m $1.6m $1.4m
Other Equity Adjustments — — — $1.9m $2.5m $2.2m $2.1m
Other Properties — — — $9.3m $12.0m $12.9m $11.4m
Properties — — — $0 $0 $0 $0
Raw Materials — — — $2.0m $1.7m $1.1m $2.2m
Share Issued — — — $368.8m $374.5m $378.0m $380.6m
Tangible Book Value — — — $8.5m $15.4m $21.1m $28.3m
Working Capital — — — $4.9m $9.9m $13.4m $24.5m
Total non-current assets $4.8m $25.3m $18.0m $4.6m $7.6m $9.4m $6.6m
Total non-current liabilities — $321k $262k $204k $1.4m $1.2m $2.3m
Total shareholders’ equity $19.5m $56.4m $20.1m $9.3m $16.1m $21.6m $28.8m
Total Capitalization — — — $9.3m $16.1m $21.6m $30.4m
Total Debt — — — $3.1m $7.7m $9.9m $9.0m
Total Tax Payable — — — $461k $345k $372k $553k
Assets $90.1m $97.3m $67.1m $45.9m $56.6m $65.0m $67.8m
Total assets $90.1m $97.3m $67.1m $45.9m $56.6m $65.0m $67.8m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current — — — — $1.1m $1.9m $1.2m
Accounts Payable, Current $16.7m $8.7m $13.0m $6.8m $5.3m $7.4m $7.2m
Long-term Debt, Current Maturities — — — — — — $68k
Operating Lease, Liability, Noncurrent — — — — $1.3m $1.1m $574k
Long-term Debt, Excluding Current Maturities — — — — — — $1.6m
Accrued expenses and other liabilities $21.3m $25.7m $27.6m $24.0m $24.8m $25.2m $19.3m
Current Deferred Revenue — — — $1.1m $1.4m $709k $3.4m
Payables And Accrued Expenses — — — $31.6m $30.3m $31.1m $25.1m
Liabilities, Current $47.7m $40.5m $46.8m $36.4m $39.1m $42.2m $36.8m
Total current liabilities $47.7m $40.5m $46.8m $36.4m $39.1m $42.2m $36.8m
Other Liabilities, Noncurrent — $321k $262k $204k $145k $87k $58k
Long Term Debt And Capital Lease Obligation — — — $0 $1.3m $1.1m $2.2m
Liabilities $47.7m $40.9m $47.0m $36.6m $40.6m $43.4m $39.0m
Total liabilities $47.7m $40.9m $47.0m $36.6m $40.6m $43.4m $39.0m
Stockholders’ equity:
Common Stock, Value, Issued $11k — — $12k — — —
Additional Paid in Capital $118.8m $220.3m $230.0m $236.8m $240.1m $241.4m $242.4m
Retained Earnings (Accumulated Deficit) ($100.1m) ($163.5m) ($209.5m) ($229.4m) ($226.6m) ($222.0m) ($215.7m)
Accumulated Other Comprehensive Income (Loss), Net of Tax $706k ($429k) ($446k) $1.9m $2.5m $2.2m $2.1m
Additional Paid in Capital, Common Stock $118.8m $220.3m $230.0m — — $241.4m $242.4m
Accumulated other comprehensive income $706k ($429k) ($446k) $1.9m $2.5m $2.2m $2.1m
Capital Stock — — — $18k $19k $19k $19k
Gains Losses Not Affecting Retained Earnings — — — $1.9m $2.5m $2.2m $2.1m
Stockholders' Equity Attributable to Parent $19.5m $56.4m $20.1m $9.3m $16.1m $21.6m $28.8m
Total Equity Gross Minority Interest — — — $9.3m $16.1m $21.6m $28.8m
Total Non Current Liabilities Net Minority Interest — — — $204k $1.4m $1.2m $2.3m
Liabilities and Equity $90.1m $97.3m $67.1m $45.9m $56.6m $65.0m $67.8m
Total liabilities and shareholders’ equity $90.1m $97.3m $67.1m $45.9m $56.6m $65.0m $67.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.