uCloudlink (UCL) Operating Margin (2019 - 2026)

uCloudlink has disclosed Operating Margin across 8 years of filings, most recently posting 20.58% for Q1 2026.

• Operating Margin for Q1 2026 came in at 20.58%, down 1806.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.25% (up 256.0% YoY), and the FY2025 annual result was 2.41%, down 238.0% from the prior year.
• Operating Margin came in at 20.58% for Q1 2026 at uCloudlink, down from 7.28% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 43.69% in Q3 2025 to a low of 48.36% in Q1 2022.
• The 5-year median for Operating Margin is 4.26% (2023), against an average of 3.68%.
• Across the five-year window, Operating Margin surged 8204 bps in 2022 and slumped 1806 bps in 2026, its largest moves.
• uCloudlink's Operating Margin stood at 5.51% in 2022, then plunged by 55 bps to 8.55% in 2023, then grew by 23 bps to 6.62% in 2024, then decreased by 10 bps to 7.28% in 2025, then plunged by 183 bps to 20.58% in 2026.
• The last three Operating Margin figures came in at 20.58% (Q1 2026), 7.28% (Q4 2025), and 43.69% (Q3 2025), per Business Quant data.