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Ultralife Corp. (ULBI) Stock Fundamental Analysis & AI Rating 2026

ULBI Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies DE CIK: 0000875657
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 ULBI Key Takeaways

Revenue: $191.2M
Net Margin: -3.1%
Free Cash Flow: $7.1M
Current Ratio: 2.83x
Debt/Equity: 0.35x
EPS: $-35.00
AI Rating: SELL with 78% confidence
Ultralife Corp. (ULBI) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $191.2M, net profit margin of -3.1%, and return on equity (ROE) of -4.5%, Ultralife Corp. demonstrates mixed fundamentals in the Utilities sector. Below is our complete ULBI stock analysis for 2026.

Is Ultralife Corp. (ULBI) a Good Investment?

Claude

Ultralife faces operational losses with -3.1% operating margin and zero revenue growth, indicating fundamental business deterioration despite positive free cash flow. The company cannot service debt from operations (interest coverage -30x) and is destroying shareholder value with negative ROE/ROA, making current fundamentals unsustainable without significant operational improvement.

Why Buy Ultralife Corp. Stock? ULBI Key Strengths

Claude
  • + Positive free cash flow of $7.1M despite operating losses, suggesting underlying cash generation from working capital management or non-cash charges
  • + Strong liquidity position with 2.83x current ratio and 1.39x quick ratio, enabling near-term obligation fulfillment
  • + Conservative capital structure with 0.35x debt-to-equity ratio, reducing financial distress risk relative to total liabilities

ULBI Stock Risks: Ultralife Corp. Investment Risks

Claude
  • ! Operating losses of -$5.9M on flat $191.2M revenue with negative 3.1% net margin indicate unprofitable core business model
  • ! Negative interest coverage ratio (-30x) shows inability to service $45.5M long-term debt from operations; dependent on asset liquidation or refinancing
  • ! Deteriorating per-share metrics with -$35.00 diluted EPS down 192% YoY, signaling severe shareholder value destruction and potential capital raise dilution

Key Metrics to Watch

Claude
  • * Operating margin trend - must return to positive to demonstrate business viability
  • * Revenue growth acceleration - 0% YoY growth is unsustainable; needs organic or acquired growth
  • * Debt reduction pace relative to operating cash flow - company must prioritize deleveraging given negative interest coverage

Ultralife Corp. (ULBI) Financial Metrics & Key Ratios

Revenue
$191.2M
Net Income
$-5.9M
EPS (Diluted)
$-35.00
Free Cash Flow
$7.1M
Total Assets
$216.9M
Cash Position
$9.3M

💡 AI Analyst Insight

The relatively thin 3.7% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.83x current ratio provides a solid financial cushion.

ULBI Profit Margin, ROE & Profitability Analysis

Gross Margin 24.1%
Operating Margin -3.1%
Net Margin -3.1%
ROE -4.5%
ROA -2.7%
FCF Margin 3.7%

ULBI vs Utilities Sector: How Ultralife Corp. Compares

How Ultralife Corp. compares to Utilities sector averages

Net Margin
ULBI -3.1%
vs
Sector Avg 12.0%
ULBI Sector
ROE
ULBI -4.5%
vs
Sector Avg 10.0%
ULBI Sector
Current Ratio
ULBI 2.8x
vs
Sector Avg 0.8x
ULBI Sector
Debt/Equity
ULBI 0.4x
vs
Sector Avg 1.4x
ULBI Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Ultralife Corp. Stock Overvalued? ULBI Valuation Analysis 2026

Based on fundamental analysis, Ultralife Corp. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
-4.5%
Sector avg: 10%
Net Profit Margin
-3.1%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.35x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Ultralife Corp. Balance Sheet: ULBI Debt, Cash & Liquidity

Current Ratio
2.83x
Quick Ratio
1.39x
Debt/Equity
0.35x
Debt/Assets
40.0%
Interest Coverage
-29.96x
Long-term Debt
$45.5M

ULBI Revenue & Earnings Growth: 5-Year Financial Trend

ULBI 5-year financial data: Year 2021: Revenue $107.7M, Net Income $5.2M, EPS $0.33. Year 2022: Revenue $131.8M, Net Income -$234.0K, EPS $0.05. Year 2023: Revenue $158.6M, Net Income -$119.0K, EPS $0.05. Year 2024: Revenue $164.5M, Net Income $7.2M, EPS $0.44. Year 2025: Revenue $191.2M, Net Income $6.3M, EPS $38.00.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Ultralife Corp.'s revenue has grown significantly by 77% over the 5-year period, indicating strong business expansion. The most recent EPS of $38.00 reflects profitable operations.

ULBI Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
3.7%
Free cash flow / Revenue

ULBI Quarterly Earnings & Performance

Quarterly financial performance data for Ultralife Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $35.7M $258.0K $0.02
Q2 2025 $43.0M $879.0K $0.05
Q1 2025 $41.9M $1.9M $0.02
Q3 2024 $35.7M $258.0K $0.02
Q2 2024 $42.7M $3.0M $0.03
Q1 2024 $31.9M -$346.0K $0.03
Q3 2023 $33.2M $105.0K $0.02
Q2 2023 $32.1M $344.0K $0.02

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Ultralife Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$11.0M
Cash generated from operations
Capital Expenditures
$3.9M
Investment in assets
Dividends
None
No dividend program

ULBI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Ultralife Corp. (CIK: 0000875657)

📋 Recent SEC Filings

Date Form Document Action
Mar 23, 2026 10-K ulbi20251231_10k.htm View →
Mar 16, 2026 4 xslF345X05/primary_doc.xml View →
Mar 16, 2026 4 xslF345X05/rdgdoc.xml View →
Mar 10, 2026 8-K ulbi20260310_8k.htm View →
Jan 5, 2026 4 xslF345X05/primary_doc.xml View →

Frequently Asked Questions about ULBI

What is the AI rating for ULBI?

Ultralife Corp. (ULBI) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ULBI's key strengths?

Claude: Positive free cash flow of $7.1M despite operating losses, suggesting underlying cash generation from working capital management or non-cash charges. Strong liquidity position with 2.83x current ratio and 1.39x quick ratio, enabling near-term obligation fulfillment.

What are the risks of investing in ULBI?

Claude: Operating losses of -$5.9M on flat $191.2M revenue with negative 3.1% net margin indicate unprofitable core business model. Negative interest coverage ratio (-30x) shows inability to service $45.5M long-term debt from operations; dependent on asset liquidation or refinancing.

What is ULBI's revenue and growth?

Ultralife Corp. reported revenue of $191.2M.

Does ULBI pay dividends?

Ultralife Corp. does not currently pay dividends.

Where can I find ULBI SEC filings?

Official SEC filings for Ultralife Corp. (CIK: 0000875657) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ULBI's EPS?

Ultralife Corp. has a diluted EPS of $-35.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ULBI a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Ultralife Corp. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ULBI stock overvalued or undervalued?

Valuation metrics for ULBI: ROE of -4.5% (sector avg: 10%), net margin of -3.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy ULBI stock in 2026?

Our dual AI analysis gives Ultralife Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is ULBI's free cash flow?

Ultralife Corp.'s operating cash flow is $11.0M, with capital expenditures of $3.9M. FCF margin is 3.7%.

How does ULBI compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -3.1% (avg: 12%), ROE -4.5% (avg: 10%), current ratio 2.83 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI