uCloudlink (UCL) Net Margin (2019 - 2026)
uCloudlink (UCL) recorded Net Margin of -16.37% in Q2 2026, down 19.86 percentage points from 3.50% a year earlier but up 4.35 percentage points from the prior quarter.
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Analysis
uCloudlink (UCL) Net Margin (2019 - 2026) Analysis & Trends
On a TTM basis, uCloudlink's Net Margin came in at -0.31% as of Jun 30, 2026, down 2.49 percentage points year-over-year; for FY2025, it came in at 7.74%, up 2.76 percentage points from FY2024.
- Annual Net Margin has increased for five straight years, with a five-year change of +79.98 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 4.97% in FY2024 (+1.69 pp), 3.28% in FY2023 (+31.07 pp), -27.78% in FY2022 (+34.58 pp) and -62.37% in FY2021 (+9.88 pp).
- Quarterly Net Margin has ranged from -88.21% in Q4 2021 to 43.99% in Q3 2025 over the past five years.
- On a year-over-year basis, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -3.19 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 82.84 percentage points in Q4 2022, against a drop of 19.86 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -20.72% (Q1 2026), -13.84% (Q4 2025) and 43.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,973.70 Bn | 4,721.19 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 421.27 Bn | 357.20 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 297.70 Bn | 253.45 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 229.14 Bn | 182.59 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 200.83 Bn | 189.36 Bn | 7.58 Bn | 77.00% |
| 6 | Sony | 150.33 Bn | 87.59 Bn | 6.53 Bn | 12.06% |
| 7 | Seagate Technology Holdings | 147.86 Bn | 142.86 Bn | 1.90 Bn | 35.66% |
| 8 | Western Digital | 125.50 Bn | 113.63 Bn | 2.03 Bn | 85.27% |
| 9 | Hewlett Packard Enterprise | 74.88 Bn | 52.76 Bn | 4.93 Bn | 12.61% |
| 10 | uCloudlink | 9.04 Mn | -105.50 Mn | 9.16 Mn | -16.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.37% |
| Mar 31, 2026 | -20.72% |
| Dec 31, 2025 | -13.84% |
| Sep 30, 2025 | 43.99% |
| Jun 30, 2025 | 3.50% |
| Mar 31, 2025 | -3.27% |
| Dec 31, 2024 | -5.79% |
| Sep 30, 2024 | 13.46% |
| Jun 30, 2024 | 10.02% |
| Mar 31, 2024 | 2.37% |
| Dec 31, 2023 | -8.43% |
| Sep 30, 2023 | 14.60% |
| Jun 30, 2023 | -4.17% |
| Mar 31, 2023 | 11.52% |
| Dec 31, 2022 | -74.71% |
| Sep 30, 2022 | -25.23% |
| Jun 30, 2022 | -54.84% |
| Mar 31, 2022 | -50.69% |
| Dec 31, 2021 | -151.76% |
| Sep 30, 2021 | -36.10% |
API Access
uCloudlink Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=UCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "UCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=UCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();