Ultralife Corporation (ULBI) — Financial statements
Income statement, balance sheet, and cash flow for Ultralife Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 191↑16.2% | 164↑3.7% | 159↑20.3% | 132↑34.2% | 98 | |
| Cost of Revenue | 147↑20.1% | 122↑2.3% | 119↑16.6% | 102↑39.1% | 74 | |
| Gross Profit | 45↑5.2% | 42↑7.9% | 39↑33.3% | 29↑19.3% | 25 | |
| Operating Expenses | ||||||
| R&D Expenses | 9↑8.9% | 8↑9.8% | 8↑6.4% | 7↑3.7% | 7 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 26↑9.1% | 24↑8.5% | 22↑0.0% | 22↑24.8% | 18 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 35↑9.1% | 32↑8.8% | 30↑1.6% | 29↑19.0% | 25 | |
| Total Costs & Expenses | 182↑17.8% | 154↑3.6% | 149↑13.3% | 132↑34.1% | 98 | |
| Operating Results | ||||||
| Operating Income | 9↓7.5% | 10↑5.2% | 9↑7245.0% | 0.13↑268.6% | 0.04 | |
| Depreciation & Amortization | 5↑32.3% | 4↑6.3% | 4↓12.3% | 4↑26.0% | 4 | |
| EBITDA | 15↑2.2% | 14↓4.3% | 15↑203.1% | 5↑36.7% | 4 | |
| EBIT | 9↓10.0% | 10↓8.0% | 11↑2104.6% | 0.51↑454.9% | 0.09 | |
| Interest & Other Income | ||||||
| Net Interest Income | -4↓103.8% | -2↑3.8% | -2↓112.0% | -0.95↓293.0% | -0.24 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 4↑103.8% | 2↓3.8% | 2↑112.0% | 0.95↑293.0% | 0.24 | |
| Non-Operating Income | 0.00↑100.0% | -0.28↑83.4% | -2↓341.0% | -0.38↓571.4% | -0.06 | |
| Other Income / Expenses | -18↓958.8% | -2↓364.8% | -0.36↑37.7% | -0.58↓209.1% | -0.19 | |
| Income Before Tax | -8↓201.2% | 8↓9.0% | 9↑2144.2% | -0.45↓195.4% | -0.15 | |
| Income Tax Expense | -2↓229.3% | 2↓3.0% | 2↑698.5% | -0.33↓512.7% | 0.08 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -6↓192.9% | 6↓10.6% | 7↑6071.7% | -0.12↑47.8% | -0.23 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -6↓193.4% | 6↓12.3% | 7↑6147.9% | -0.12↑49.1% | -0.23 | |
| Bottom-Line Net Income | -6↓193.4% | 6↓12.3% | 7↑6147.9% | -0.12↑49.1% | -0.23 | |
| EPS (Basic) | -0.35↓192.1% | 0.38↓13.6% | 0.44↑6045.9% | -0.01↑49.3% | -0.01 | |
| EPS (Diluted) | -0.35↓192.1% | 0.38↓13.6% | 0.44↑6045.9% | -0.01↑49.3% | -0.01 | |
| Weighted Average Shares | 17↑0.5% | 17↑1.2% | 16↑1.4% | 16↑0.5% | 16 | |
| Weighted Average Diluted Shares | 17↓0.7% | 17↑3.3% | 16↑0.6% | 16↑0.5% | 16 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.