uCloudlink (UCL) Gross Margin (2019 - 2026)
uCloudlink (UCL) posted Gross Margin of 49.07% for Q1 2026, down 4.87% sequentially from 51.58% in Q4 2025, and down 261.0% YoY from 30.48% in Q1 2025.
uCloudlink (UCL) Gross Margin (2019 - 2026) Analysis & Trends
uCloudlink (UCL) has 8 years of Gross Margin data on file, last reported at 49.07% in Q1 2026.
- Quarterly Gross Margin fell 261.0% year-over-year to 49.07% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 51.87% (up 412.0% YoY) and the FY2025 annual result came in at 52.4%, up 399.0% from the prior year.
- Gross Margin fell to 49.07% in Q1 2026 per UCL's latest filing, from 51.58% in the prior quarter.
- The five-year high for Gross Margin was 55.18% in Q1 2024, with the low at 37.37% in Q1 2022.
- Average Gross Margin over 5 years is 48.87%, with a median of 49.18% recorded in 2024.
- Year-over-year, Gross Margin soared 2034 bps in 2022 and tumbled 892 bps in 2024.
- uCloudlink's Gross Margin stood at 51.31% in 2022, then gained by 1 bps to 51.97% in 2023, then fell by 17 bps to 43.04% in 2024, then climbed by 20 bps to 51.58% in 2025, then declined by 5 bps to 49.07% in 2026.
- Business Quant data shows UCL's Gross Margin at 49.07% in Q1 2026, 51.58% in Q4 2025, and 53.55% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 1,360.11 Bn | 465.10 Bn | - | - |
| 2 | T-Mobile US | 190.40 Bn | 186.88 Bn | 17.62 Bn | 76.25% |
| 3 | Verizon Communications | 176.65 Bn | 169.60 Bn | 27.94 Bn | 81.11% |
| 4 | At&T | 143.78 Bn | 133.82 Bn | 25.25 Bn | 80.13% |
| 5 | Telecom Argentina | 27.29 Bn | -708.89 Bn | - | - |
| 6 | Charter Communications | 17.55 Bn | 21.72 Bn | - | - |
| 7 | Millicom International Cellular | 15.13 Bn | 13.99 Bn | - | - |
| 8 | Globalstar | 10.40 Bn | 10.04 Bn | 46.63 Mn | 66.55% |
| 9 | Sify Technologies | 7.22 Bn | 7.17 Bn | 54.72 Mn | 41.60% |
| 10 | uCloudlink | 5.70 Mn | -22.30 Mn | 8.27 Mn | 49.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.07% |
| Dec 31, 2025 | 51.58% |
| Sep 30, 2025 | 53.55% |
| Jun 30, 2025 | 52.79% |
| Mar 31, 2025 | 51.68% |
| Dec 31, 2024 | 43.04% |
| Sep 30, 2024 | 48.39% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 55.18% |
| Dec 31, 2023 | 51.97% |
| Sep 30, 2023 | 51.15% |
| Jun 30, 2023 | 44.89% |
| Mar 31, 2023 | 47.77% |
| Dec 31, 2022 | 51.31% |
| Sep 30, 2022 | 47.67% |
| Jun 30, 2022 | 44.14% |
| Mar 31, 2022 | 37.37% |
| Dec 31, 2021 | 30.96% |
| Sep 30, 2021 | 28.26% |
| Jun 30, 2021 | 28.08% |