Quarterly ResultMay 13, 2026, 04:32 AM
UCLOUDLINK Q1 Revenue $16.9M, down 10.1%; Net Loss $3.5M
AI Summary
UCLOUDLINK Group Inc. announced its Q1 2026 financial results, reporting total revenues of US$16.9 million, a 10.1% decrease year-over-year, and a net loss of US$3.5 million, widening from US$0.6 million in Q1 2025. Despite the financial decline, operational highlights showed growth, with total data consumed increasing by 5.4% and average daily active users (DAU) rising by 10.2%. The company's new growth engines, GlocalMe Life, GlocalMe IoT, and GlocalMe SIM, delivered significant year-over-year revenue growth, and UCLOUDLINK provided a positive revenue outlook for Q2 2026, expecting US$19.5 million to US$22.5 million.
Key Highlights
- Total revenues were US$16.9 million, a 10.1% decrease from Q1 2025.
- Net loss was US$3.5 million, compared to a net loss of US$0.6 million in Q1 2025.
- Adjusted EBITDA (non-GAAP) was negative US$2.0 million, down from positive US$1.4 million in Q1 2025.
- Total data consumed through the platform increased by 5.4% to 45,514 terabytes.
- Average daily active users (DAU) increased by 10.2% to 354,789.
- GlocalMe IoT business DAU surged by 246.5% to 43,566.
- Q2 2026 revenue guidance is between US$19.5 million and US$22.5 million, up 0.5% to 16.0% YoY.
- Cash and cash equivalents stood at US$28.0 million as of March 31, 2026.