UCLOUDLINK GROUP INC. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results

Core Viewpoint - UCLOUDLINK GROUP INC. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025, highlighting a decrease in total revenues but an increase in net income and operational metrics, indicating resilience and growth potential in its business model. Financial Highlights Fourth Quarter 2025 - Total revenues were US$22.1 million, a decrease of 14.6% from US$26.0 million in Q4 2024 [5] - Gross profit was US$11.4 million, an increase of 2.3% from US$11.2 million in Q4 2024 [5] - Net loss was US$3.1 million, compared to a net loss of US$1.5 million in Q4 2024 [5][23] - Adjusted net income (non-GAAP) was US$1.0 million, compared to an adjusted net loss of US$3.1 million in Q4 2024 [5][27] - Adjusted EBITDA (non-GAAP) was US$3.1 million, compared to negative US$2.3 million in Q4 2024 [5][21] Full Year 2025 - Total revenues were US$81.4 million, a decrease of 11.1% from US$91.6 million in 2024 [31] - Gross profit was US$42.7 million, a decrease of 3.8% from US$44.4 million in 2024 [36] - Net income was US$6.3 million, an increase of 38.2% from US$4.6 million in 2024 [41] - Adjusted net income (non-GAAP) was US$2.7 million, compared to US$4.5 million in 2024 [42] - Adjusted EBITDA (non-GAAP) was US$7.2 million, compared to US$7.1 million in 2024 [39] Operational Highlights Fourth Quarter 2025 - Total data consumed through the platform was 46,511 terabytes, an increase of 9.2% from 42,577 terabytes in Q4 2024 [5] - Average daily active terminals (DAT) were 328,847, an increase of 6.6% from 308,386 in Q4 2024 [5] - Average monthly active terminals (MAT) were 704,393, an increase of 11.1% from 634,245 in Q4 2024 [5] Full Year 2025 - Total data consumed through the platform was 184,175 terabytes, an increase of 6.5% from 172,912 terabytes in 2024 [6] - Average daily active terminals (DAT) were 322,169, an increase of 1.7% from 316,688 in 2024 [6] - Average monthly active terminals (MAT) were 681,672, an increase of 8.0% from 631,137 in 2024 [9] Geographic Distribution - In Q4 2025, Japan contributed 43.6% to total revenues, Mainland China 26.8%, North America 11.2%, and other regions 18.4% [14] - For the full year 2025, Japan contributed 37.8%, Mainland China 31.5%, North America 13.6%, and other regions 17.1% [32] Executive Commentary - The CEO highlighted strong financial and operational momentum, with net income increasing and total revenues from Mainland China surging 16.5%, indicating a solid market position and consumer adoption of their services [8]