Ultralife Corporation (ULBI)

Ultralife Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	6.66	9.35	6.85	10.28	5.71	8.41
Cash & Short-Term Investments	6.66	9.35	6.85	10.28	5.71	8.41
Cash Growth	-39.10%	36.34%	-33.31%	79.91%	-32.09%	-21.03%
Accounts Receivable	34.77	33.95	29.37	31.76	27.78	20.23
Receivables	34.77	33.95	29.37	31.76	27.78	20.23
Inventory	58.75	54.01	51.36	42.22	41.19	33.19
Prepaid Expenses	6.98	8.5	9.57	5.95	4.3	4.69
Total Current Assets	107.16	105.8	97.16	90.2	78.99	66.52
Property, Plant & Equipment	42.4	43.74	44.64	24.71	23.9	25.79
Goodwill	45.37	45.38	45.01	37.57	37.43	38.07
Other Intangible Assets	10.39	10.93	24.56	15.11	15.92	17.39
Long-Term Deferred Tax Assets	10.34	10.49	8.41	10.57	12.07	11.47
Long-Term Deferred Charges	0.36	0.41	-	-	-	-
Other Long-Term Assets	0.15	0.15	0.68	0.12	0.12	0.3
Total Assets	216.16	216.91	220.45	178.28	168.43	159.54

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	22.6	17.42	14.16	11.34	16.07	9.82
Accrued Expenses	11.79	14.51	11.24	9.5	9.94	6.23
Current Portion of Long-Term Debt	1.75	4.13	2.75	2	2	2
Current Portion of Leases	0.91	0.98	1.14	0.89	0.9	0.87
Current Unearned Revenue	0.3	0.3	-	-	-	-
Total Current Liabilities	37.36	37.33	29.29	23.73	28.91	18.92
Long-Term Debt	42.85	45.53	51.5	23.62	19.31	18.86
Long-Term Leases	1.99	2.36	3	2.64	1.31	1.74
Long-Term Unearned Revenue	0.41	0.56	-	-	-	-
Long-Term Deferred Tax Liabilities	0.93	1	1.44	1.71	1.92	2.25
Other Long-Term Liabilities	0.01	0.01	1.03	1.14	0.58	0.02
Total Liabilities	83.56	86.78	86.26	52.85	52.03	41.8

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2.11	2.11	2.11	2.08	2.06	2.05
Additional Paid-In Capital	192.98	192.86	191.83	189.16	187.41	186.52
Retained Earnings	-38.25	-40.34	-34.44	-40.75	-47.95	-47.83
Treasury Stock	-21.49	-21.49	-21.49	-21.49	-21.48	-21.47
Comprehensive Income & Other	-2.85	-3.14	-4.01	-3.66	-3.75	-1.65
Total Common Equity	132.51	130	134	125.33	116.28	117.62
Minority Interest	0.09	0.14	0.19	0.1	0.13	0.13
Shareholders' Equity	132.6	130.13	134.19	125.43	116.4	117.74
Total Liabilities & Equity	216.16	216.91	220.45	178.28	168.43	159.54

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	47.51	52.98	58.39	29.16	23.51	23.47
Net Cash (Debt)	-40.85	-43.64	-51.53	-18.88	-17.8	-15.05
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.45	-2.62	-3.07	-1.16	-1.10	-0.94
Filing Date Shares Outstanding	16.66	16.66	16.63	16.45	16.14	16.13
Total Common Shares Outstanding	16.66	16.66	16.63	16.35	16.14	16.09
Working Capital	69.8	68.47	67.87	66.47	50.08	47.6
Book Value Per Share	7.95	7.80	8.06	7.67	7.21	7.31
Tangible Book Value	76.75	73.69	64.43	72.65	62.93	62.16
Tangible Book Value Per Share	4.61	4.42	3.87	4.44	3.90	3.86
Land	4.69	4.69	4.69	1.27	1.27	1.27
Buildings	30.88	30.18	30.11	16	15.57	15.44
Machinery	78.04	74.92	72.04	68.3	74.57	73.95
Construction In Progress	0.76	3.13	2.08	2.03	1.25	0.76
Order Backlog	-	110.22	102.16	103.54	110.99	63.71

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 18, 2026

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