What is Ultralife's R&D?

Ultralife (ULBI) reported R&D of $2.6M in Q4 2025.

How has Ultralife's R&D changed year-over-year?

Ultralife's R&D increased by 25.8% year-over-year, from $2.07M to $2.6M.

What is the long-term trend for Ultralife's R&D?

Over 4 years (2021 to 2025), Ultralife's R&D has grown at a 11.1% compound annual growth rate (CAGR), from $6.83M to $10.4M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Ultralife ULBI R&D

Discontinued — last reported Q4 '25

R&D at other companies

Energizer HoldingsENR

$7.6M-6.2%

CBAK Energy Technology, Inc.CBAT

$4.22M+39.5%

Solidion Technology, Inc.STI

$402.39K-70.3%

SES AISES

$11.03M-46.2%

KULR Technology GroupKULR

$1.77M-27.7%

Enovix CorporationENVX

$26.53M+2.3%

Segments

By segment

See full

Battery Energy Products$2.22M+39.7%

Communications Systems$739K-9.1%

Other financials

Income statement

See full

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

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

See full

Market cap$105.27M-25.0%

Enterprise value$147.11M-19.9%

P/S0.6×-0.2×

Profitability

See full

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:ResearchAndDevelopmentExpense.

The official record: Ultralife’s 10-K, filed March 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ultralife's R&D?: Ultralife (ULBI) reported R&D of $2.6M in Q4 2025.
How has Ultralife's R&D changed year-over-year?: Ultralife's R&D increased by 25.8% year-over-year, from $2.07M to $2.6M.
What is the long-term trend for Ultralife's R&D?: Over 4 years (2021 to 2025), Ultralife's R&D has grown at a 11.1% compound annual growth rate (CAGR), from $6.83M to $10.4M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.