NASDAQ:ULBI
Ultralife Corp.
Ultralife Corp.'s revenue grew 16.2% in fiscal 2025 to $191.2M while operating margin fell to −3.1%, its lowest in 10 years. Free cash flow was $7.1M, 3.7% of revenue, and the diluted share count fell 0.7%.Summary generated from Ultralife Corp.'s SEC filings. Latest annual report filed Mar 23, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$191.2M
Revenue growth+16.2%
Revenue, 5-yr CAGR+12.2%
Gross margin24.1%
Operating margin−3.1%
Net margin−3.1%
ROIC−2.6%
Return on equity−4.5%
Debt / equity0.38
Free cash flow$7.1M
FCF margin3.7%
Share count change−0.7%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 98 | 132 | 159 | 164 | 191 |
| Operating income | 0 | 0 | 9 | 10 | −6 |
| Net income | −0 | −0 | 7 | 6 | −6 |
| Free cash flow | 2 | −3 | −1 | 15 | 7 |
Recent filings
- 8-KResults of operations and financial condition
Aug 7, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 7, 2026 - 8-KResults of a shareholder vote
Jul 23, 2026 - DEF 14AProxy statement
Jun 2, 2026 - 4Insider transaction report
May 26, 2026 - 4Insider transaction report
May 18, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 8, 2026 - 8-KResults of operations and financial condition
May 8, 2026