What is Ultralife's net income?

Ultralife (ULBI) reported net income of -$471K in Q1 2026.

How has Ultralife's net income changed year-over-year?

Ultralife's net income increased by 68.1% year-over-year, from -$1.47M to -$471K.

What is the long-term trend for Ultralife's net income?

Over 4 years (2021 to 2025), Ultralife's net income has grown at a 124.1% compound annual growth rate (CAGR), from -$234K to -$5.9M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Ultralife ULBI Net Income

Net Income at other companies

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$10.1M-64.3%

Microvast Holdings, Inc.MVST

$48.21M-22.0%

Solidion Technology, Inc.STI

-$1.43M-116%

KULR Technology GroupKULR

-$28.12M-49.5%

SES AISES

-$12.1M+2.7%

Enovix CorporationENVX

-$38.26M-62.7%

Other financials

Income statement

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Revenue$47.4M-6.5%

Gross profit$11.5M+8.8%

Operating income-$1.5M-159%

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

See full

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:ProfitLoss.

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 net income?: Ultralife (ULBI) reported net income of -$471K in Q1 2026.
How has Ultralife's net income changed year-over-year?: Ultralife's net income increased by 68.1% year-over-year, from -$1.47M to -$471K.
What is the long-term trend for Ultralife's net income?: Over 4 years (2021 to 2025), Ultralife's net income has grown at a 124.1% compound annual growth rate (CAGR), from -$234K to -$5.9M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.