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Ultralife ULBI Change in AP

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Other financials

Income statement

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Revenue$47.4M-6.5%
Gross profit$11.5M+8.8%
Operating income-$1.5M-159%
Net income-$471.0K+68.1%
EPS (diluted)-$8.75-192%

Balance sheet

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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

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

Valuation

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Market cap$105.27M-22.4%
Enterprise value$147.11M-18.0%
P/S0.6×-0.2×

Profitability

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Gross margin24.1%-1.7pp
Operating margin-3.1%-9.1pp
Net margin-2.6%-4.5pp
FCF margin7.8%+3.9pp

Returns & leverage

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

Where this comes from

Reported directly by Ultralife in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities.

The official record: Ultralife’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultralife's change in AP?
Ultralife (ULBI) reported change in AP of $6.25M in Q1 2026.
How has Ultralife's change in AP changed year-over-year?
Ultralife's change in AP increased by 253.7% year-over-year, from $1.77M to $6.25M.
What is the long-term trend for Ultralife's change in AP?
Over 2 years (2022 to 2025), Ultralife's change in AP has grown at a -24.3% compound annual growth rate (CAGR), from $10.09M to $5.78M.
What does change in AP mean?
Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.