# uCloudlink Group Inc.: Form 20-F for the period ended Dec 31, 2024

- Company: [uCloudlink Group Inc.](/companies/ucl.md) (CIK 1775898)
- Form: 20-F
- Filed: 2025-03-27
- Accepted by EDGAR: Mar 27, 2025, 06:04 ET
- Period: 2024-12-31
- Accession: 0001013762-25-002946
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1775898/000101376225002946/ea0235073-20f_ucloud.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1775898/000101376225002946/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2024-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2024-01-01 to 2024-12-31 | $91.6m | us-gaap:Revenues |
| Cost of revenue | 12 months, 2024-01-01 to 2024-12-31 | $47.3m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2024-01-01 to 2024-12-31 | $44.4m | us-gaap:GrossProfit |
| Research and development | 12 months, 2024-01-01 to 2024-12-31 | $6.2m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2024-01-01 to 2024-12-31 | $4.4m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2024-01-01 to 2024-12-31 | $196.0k | us-gaap:InterestExpenseNonoperating |
| Income tax | 12 months, 2024-01-01 to 2024-12-31 | $68.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2024-01-01 to 2024-12-31 | $4.6m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2024-01-01 to 2024-12-31 | $0.01 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2024-01-01 to 2024-12-31 | $0.01 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2024-01-01 to 2024-12-31 | 376,344,425 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2024-01-01 to 2024-12-31 | $9.2m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2024-01-01 to 2024-12-31 | $4.0m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Cash and equivalents | at 2024-12-31 | $30.1m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2024-12-31 | $55.6m | us-gaap:AssetsCurrent |
| Total assets | at 2024-12-31 | $65.0m | us-gaap:Assets |
| Current liabilities | at 2024-12-31 | $42.2m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2024-12-31 | $43.4m | us-gaap:Liabilities |
| Short-term borrowings | at 2024-12-31 | $7.0m | us-gaap:ShortTermBorrowings |
| Shareholders' equity | at 2024-12-31 | $21.6m | us-gaap:StockholdersEquity |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1775898/000101376225002946/ea0235073-20f_ucloud.htm

Filed Mar 27, 2025.
Source: SEC EDGAR, the filing index for accession 0001013762-25-002946. Last ingested by Listed: Oct 29, 2026, 06:05 ET. No prices; not investment advice.