Skip to content
Ultralife logo

Ultralife

ULBI

Ultralife Corporation designs and manufactures high-performance power and communications systems for mission-critical applications across the defense, medical, and industrial sectors.

Market cap
$89.28M-34.6%
Revenue$187.9M+8.4%
Net income-$4.9M-250%
Free cash flow$9.4M-36.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Today)
Revenue estimate$55.0M
EPS estimate$0.19

Financials

Q1 2026

Income statement

See full
Revenue$47.4M-6.5%
Net income-$471.0K+68.1%

Balance sheet

See full
Cash & equivalents$8.9M+2.0%
Total debt$50.7M-11.8%
Total equity$129.6M-5.0%
Total assets$220.6M-1.4%

Cash flow

See full
Operating cash flow$2.3M-33.0%
CapEx$770.0K-14.0%
Free cash flow$1.5M-39.9%

Valuation & ratios

Valuation

See full
Market cap$89.28M-34.6%
Enterprise value$131.12M-29.7%
P/S0.5×-0.3×

Profitability

See full
Net margin-2.6%-4.5pp

Returns & leverage

See full
Return on equity-3.7%-6.1pp
Debt / equity0.4×0.0×
Current ratio2.6×-0.7×

Segments

By segment

See full
Battery Energy Products$44.2M-4.7%
Communications Systems$3.3M-25.6%

Competitors

Profile

Ultralife Corporation designs and manufactures high-performance power and communications systems for mission-critical applications across the defense, medical, and industrial sectors. The company provides a comprehensive range of rechargeable and non-rechargeable batteries, charging systems, and ruggedized communications equipment like RF amplifiers and integrated systems. Its value proposition centers on engineering custom-engineered solutions that offer superior energy density, reliability, and performance in extreme environments.

Competitive position

Ultralife is a leading provider of mission-critical lithium power solutions and tactical communications accessories, leveraging a unified master brand strategy to consolidate its specialized engineering subsidiaries.

GeographiesNorth America, Europe, Asia
Customer segmentsGovernment and Defense, Healthcare and Medical, Industrial and Energy, Commercial and Retail
Business modelManufacturing, OEM supply, Contract engineering, B2B, B2G
SuppliersLithium cell manufacturers, Raw material suppliers (Lithium, Manganese Dioxide), Electronic component suppliers, Specialized machinery providers
CustomersOriginal Equipment Manufacturers (OEMs), Defense departments, Industrial supply distributors, Retail chains, Prime defense contractors
Listed1992
Employees536.0
CEOMichael E. Manna
FilingsSEC EDGAR

Questions, answered.

What is Ultralife's market cap?
Ultralife (ULBI) has a market capitalization of $89.3M and trades on NASDAQ.
What is Ultralife's revenue and profitability?
Ultralife generated $187.9M in trailing twelve-month revenue with a net loss of $4.9M, representing a net margin of -2.6%. Gross margin stands at 24.1%, with free cash flow of $9.4M. These figures are based on the Q1 2026 filing.
Who are Ultralife's competitors?
Ultralife's key competitors include Energizer Holdings, Microvast Holdings, Inc. Common Stock, Expion360 Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Ultralife partner with?
Ultralife's notable partners include L3Harris Technologies, Eastman Kodak Company.
What subsidiaries does Ultralife have?
Ultralife's subsidiaries include Electrochem Solutions, Inc., Excell Battery Group, Southwest Electronic Energy Corporation, and others.
Where is Ultralife headquartered?
Ultralife is headquartered in United States of America and employs approximately 536 people. It has been publicly traded since 1992.