Ultralife Corporation (ULBI)
NASDAQ: ULBI · Real-Time Price · USD
5.19
+0.03 (0.58%)
Jul 31, 2026, 4:00 PM EDT - Market closed

Ultralife Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
187.86191.16164.46158.64131.8498.27
Revenue Growth
8.42%16.24%3.66%20.33%34.16%-8.77%
Gross Profit
43.3946.0242.3139.229.424.64
Operating Income
-9.52-5.99.979.480.130.04
Net Income
-8.21-5.96.317.2-0.12-0.23
Earnings Per Share
-0.50-0.350.380.44-0.01-0.01
EPS Growth
---13.64%---

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Battery & Energy Products
175.88178.04144.08129.9512087.08
Communications Systems
11.9813.1220.3828.6911.8511.18
Revenue (Total)
187.86191.16164.46158.64131.8498.27

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
8.899.356.8510.285.718.41
Total Debt
47.6349.6554.2525.6221.3120.86
Net Cash (Debt)
-38.74-40.31-47.4-15.35-15.6-12.44
Net Cash Growth
------
Net Cash Per Share
-2.33-2.42-2.83-0.95-0.97-0.78

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
9.8810.9916.641.93-1.264.33
Capital Expenditures
-3.75-3.87-1.93-2.55-1.68-2.81
Free Cash Flow
6.137.1214.7-0.62-2.941.51
Free Cash Flow Growth
-65.22%-51.59%----91.88%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
23.10%24.07%25.73%24.71%22.30%25.08%
Operating Margin
-5.07%-3.09%6.06%5.97%0.10%0.04%
Pretax Margin
-6.13%-4.39%5.05%5.75%-0.34%-0.15%
Profit Margin
-4.42%-3.11%3.90%4.52%-0.09%-0.23%
FCF Margin
3.26%3.72%8.94%-0.39%-2.23%1.54%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--19.6115.50--
Forward PE
-8.289.6812.877.5740.27
P/FCF Ratio
14.1013.398.43--64.32
PS Ratio
0.460.500.750.700.470.99