Ultralife Corporation (ULBI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 47.45M | 48.48M | 43.37M | 48.56M | 50.75M | 43.85M | 35.69M | 42.98M | 41.93M | 44.55M | 39.49M | 42.69M | 31.92M | 36.11M | 33.23M | 32.13M | 30.37M | 23.76M | 21.76M | 26.77M |
| Revenue Growth % | -6.5% | 10.56% | 21.51% | 12.98% | 21.03% | -1.56% | -9.61% | 0.68% | 31.37% | 23.38% | 18.82% | 32.89% | 5.08% | 51.95% | 52.72% | 20.01% | 16.94% | -17.99% | -10.68% | -6.27% |
| Cost of Goods Sold | 37.6M | 36.72M | 34.16M | 37.37M | 38.41M | 33.25M | 27.01M | 31.42M | 30.46M | 33.15M | 29.71M | 32.1M | 24.48M | 28.03M | 26.52M | 24.48M | 23.41M | 18.47M | 16.65M | 19.5M |
| COGS % of Revenue | 79.25% | 75.73% | 78.77% | 76.95% | 75.68% | 75.83% | 75.68% | 73.1% | 72.64% | 74.41% | 75.25% | 75.2% | 76.7% | 77.62% | 79.79% | 76.2% | 77.09% | 77.74% | 76.53% | 72.85% |
| Gross Profit | 9.84M | 11.76M | 9.21M | 11.19M | 12.34M | 10.6M | 8.68M | 11.56M | 11.47M | 11.4M | 9.77M | 10.59M | 7.44M | 8.08M | 6.71M | 7.65M | 6.96M | 5.29M | 5.11M | 7.27M |
| Gross Margin % | 20.75% | 24.27% | 21.23% | 23.05% | 24.32% | 24.17% | 24.32% | 26.9% | 27.36% | 25.59% | 24.75% | 24.8% | 23.3% | 22.38% | 20.21% | 23.8% | 22.91% | 22.26% | 23.47% | 27.15% |
| Gross Profit Growth % | -20.23% | 10.99% | 6.06% | -3.22% | 7.58% | -7.04% | -11.17% | 9.21% | 54.25% | 41.1% | 45.55% | 38.48% | 6.87% | 52.79% | 31.46% | 5.22% | -0.29% | -28.05% | -21.55% | -8.74% |
| Operating Expenses | 10.06M | 9M | 10.16M | 8.94M | 8.94M | 9.13M | 8.17M | 7.65M | 7.41M | 7.75M | 7.64M | 6.92M | 7.41M | 7.86M | 7.3M | 6.85M | 7.25M | 6.52M | 5.89M | 6.18M |
| OpEx % of Revenue | 21.2% | 18.57% | 23.42% | 18.4% | 17.62% | 20.81% | 22.89% | 17.79% | 17.67% | 17.4% | 19.35% | 16.22% | 23.22% | 21.78% | 21.97% | 21.33% | 23.88% | 27.43% | 27.05% | 23.07% |
| Selling, General & Admin | 7.1M | 6.44M | 7.68M | 7M | 6.91M | 6.71M | 6.07M | 5.65M | 5.65M | 5.9M | 5.77M | 5.14M | 5.38M | 6.21M | 5.41M | 5.18M | 5.4M | 4.92M | 4.16M | 4.32M |
| SG&A % of Revenue | 14.97% | 13.29% | 17.72% | 14.4% | 13.62% | 15.3% | 17.01% | 13.14% | 13.48% | 13.25% | 14.61% | 12.05% | 16.85% | 17.19% | 16.26% | 16.13% | 17.77% | 20.68% | 19.14% | 16.15% |
| Research & Development | 2.96M | 2.56M | 2.48M | 1.94M | 2.03M | 2.41M | 2.1M | 2M | 1.76M | 1.85M | 1.87M | 1.78M | 2.03M | 1.66M | 1.9M | 1.67M | 1.86M | 1.6M | 1.72M | 1.85M |
| R&D % of Revenue | 6.23% | 5.28% | 5.71% | 4% | 4% | 5.5% | 5.89% | 4.65% | 4.19% | 4.16% | 4.73% | 4.16% | 6.37% | 4.59% | 5.71% | 5.2% | 6.11% | 6.75% | 7.92% | 6.92% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -215K | 2.76M | -951K | 2.26M | 3.4M | 1.47M | 511K | 3.92M | 4.06M | 3.65M | 2.13M | 3.67M | 26K | 217K | -586K | 793K | -295K | -1.23M | -779K | 1.09M |
| Operating Margin % | -0.45% | 5.7% | -2.19% | 4.65% | 6.7% | 3.36% | 1.43% | 9.11% | 9.69% | 8.19% | 5.41% | 8.58% | 0.08% | 0.6% | -1.76% | 2.47% | -0.97% | -5.17% | -3.58% | 4.08% |
| Operating Income Growth % | -106.33% | 87.45% | -286.11% | -42.4% | -16.34% | -59.61% | -76.07% | 6.88% | 15526.92% | 1581.57% | 464.33% | 362.17% | 108.81% | 117.66% | 24.78% | -27.31% | -130.99% | -201.15% | -210.18% | -52.44% |
| EBITDA | 1.11M | 4.07M | 468K | 3.67M | 4.75M | 2.65M | 1.5M | 4.93M | 5.03M | 4.62M | 3.12M | 4.65M | 997K | 1.26M | 547K | 1.94M | 849K | -308K | 69K | 1.98M |
| EBITDA Margin % | 2.33% | 8.39% | 1.08% | 7.57% | 9.37% | 6.05% | 4.22% | 11.48% | 12% | 10.36% | 7.91% | 10.9% | 3.12% | 3.48% | 1.65% | 6.02% | 2.8% | -1.3% | 0.32% | 7.39% |
| EBITDA Growth % | -76.74% | 53.41% | -68.9% | -25.52% | -5.51% | -42.51% | -51.79% | 6.04% | 404.61% | 267.14% | 470.75% | 140.41% | 17.43% | 508.12% | 692.75% | -2.12% | -53.76% | -115.69% | -95.2% | -34.58% |
| D&A (Non-Cash Add-back) | 1.32M | 1.31M | 1.42M | 1.42M | 1.35M | 1.18M | 994K | 1.02M | 968K | 966K | 987K | 987K | 971K | 1.04M | 1.13M | 1.14M | 1.14M | 921K | 848K | 886K |
| EBIT | -215K | 2.76M | -951K | 2.26M | 3.4M | 1.32M | 526K | 3.92M | 4.13M | 3.65M | 2.33M | 3.67M | -44K | -12K | -60K | 855K | -278K | -1.26M | -725K | 1.13M |
| Net Interest Income | -868K | -937K | -992K | -992K | -1.03M | -829K | -173K | -418K | -520K | -566K | -586K | -440K | -424K | -368K | -272K | -177K | -134K | -78K | -53K | -55K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 868K | 937K | 992K | 992K | 1.03M | 829K | 173K | 418K | 520K | 566K | 586K | 440K | 424K | 368K | 272K | 177K | 134K | 78K | 53K | 55K |
| Other Income/Expense | -448K | -12.97M | -800K | -1.14M | -953K | -979K | -158K | -71K | -456K | -536K | -386K | 1.06M | -494K | -597K | 254K | -115K | -117K | -110K | 1K | -21K |
| Pretax Income | -663K | -10.21M | -1.75M | 1.11M | 2.45M | 495K | 353K | 3.85M | 3.61M | 3.11M | 1.75M | 4.72M | -468K | -380K | -332K | 678K | -412K | -1.34M | -778K | 1.07M |
| Pretax Margin % | -1.4% | -21.05% | -4.04% | 2.29% | 4.82% | 1.13% | 0.99% | 8.95% | 8.6% | 6.99% | 4.43% | 11.06% | -1.47% | -1.05% | -1% | 2.11% | -1.36% | -5.63% | -3.58% | 4% |
| Income Tax | -192K | -2.75M | -504K | 243K | 567K | 262K | 74K | 853K | 703K | 263K | 446K | 1.38M | -133K | -155K | -90K | 170K | -251K | -211K | -175K | 248K |
| Effective Tax Rate % | 28.96% | 26.97% | 28.78% | 21.83% | 23.18% | 52.93% | 20.96% | 22.18% | 19.49% | 8.45% | 25.5% | 29.11% | 28.42% | 40.79% | 27.11% | 25.07% | 60.92% | 15.76% | 22.49% | 23.18% |
| Net Income | -451K | -7.42M | -1.22M | 879K | 1.86M | 194K | 258K | 2.97M | 2.89M | 2.87M | 1.33M | 3.34M | -346K | -224K | -239K | 512K | -168K | -1.13M | -585K | 811K |
| Net Margin % | -0.95% | -15.31% | -2.81% | 1.81% | 3.68% | 0.44% | 0.72% | 6.91% | 6.9% | 6.45% | 3.37% | 7.82% | -1.08% | -0.62% | -0.72% | 1.59% | -0.55% | -4.76% | -2.69% | 3.03% |
| Net Income Growth % | -124.18% | -3925.77% | -572.87% | -70.39% | -35.49% | -93.25% | -80.6% | -11.11% | 935.55% | 1382.59% | 656.49% | 552.34% | -105.95% | 80.19% | 59.15% | -36.87% | -125.04% | -153.65% | -243.73% | -51.09% |
| Net Income (Continuing) | -471K | -7.45M | -1.25M | 870K | 1.88M | 233K | 279K | 2.99M | 2.9M | 2.85M | 1.3M | 3.35M | -335K | -225K | -242K | 508K | -161K | -1.13M | -603K | 822K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 119K | 139K | 170K | 197K | 206K | 192K | 153K | 132K | 108K | 95K | 118K | 145K | 137K | 126K | 127K | 130K | 134K | 127K | 124K | 142K |
| EPS (Diluted) | -0.03 | -0.45 | -0.07 | 0.05 | 0.11 | 0.01 | 0.02 | 0.18 | 0.18 | 0.17 | 0.08 | 0.21 | -0.02 | -0.01 | -0.02 | 0.03 | -0.01 | -0.07 | -0.04 | 0.05 |
| EPS Growth % | -124.64% | -3979.31% | -579.09% | -70.67% | -38.89% | -93.18% | -81.25% | -14.29% | 965.38% | 1323.02% | 644% | 562.46% | -108% | 80.23% | 58.79% | -36.6% | -125% | -154.08% | -221.33% | -50% |
| EPS (Basic) | -0.03 | -0.45 | -0.07 | 0.05 | 0.11 | 0.01 | 0.02 | 0.18 | 0.18 | 0.18 | 0.08 | 0.21 | -0.02 | -0.01 | -0.02 | 0.03 | -0.01 | -0.07 | -0.04 | 0.05 |
| Diluted Shares Outstanding | 16.66M | 16.65M | 16.65M | 16.66M | 16.68M | 16.77M | 16.87M | 16.82M | 16.52M | 16.48M | 16.3M | 16.14M | 16.14M | 16.14M | 16.13M | 16.15M | 16.1M | 16.08M | 16.07M | 16.26M |
| Basic Shares Outstanding | 16.66M | 16.65M | 16.65M | 16.64M | 16.63M | 16.63M | 16.63M | 16.57M | 16.4M | 16.34M | 16.24M | 16.14M | 16.14M | 16.14M | 16.13M | 16.13M | 16.1M | 16.06M | 16.07M | 16.02M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |