U Power Limited UCAR

Annual Quarterly

FY2025 · ended Dec 31, 2025 · Revenue $5.85M, -3.6% YoY · Filed May 15, 2026

U Power Limited (UCAR) files with the SEC under industry code 3690, Miscellaneous Electrical Machinery, Equipment & Supplies. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $5.9 million and a net loss of $9.8 million. Free cash flow was -$10.0 million. As of Dec 31, 2025 it held $22.2 million in cash and investments and $7.2 million in total debt.

Revenue
$5.85M
-3.6% vs prior year
Net income
$-9.78M
-48.9% vs prior year
Operating cash flow
$-9.94M
+0.8% vs prior year
Free cash flow
$-10.01M
+0.1% vs prior year
EPS
$-2.14
+7.0% vs prior year
Dividend per share
None
Shares outstanding
4.97M
+299.9% vs prior year
Net cash
$14.97M
FY 2025
Operating margin
-141.7%
FY 2025

Company profile

Industry
Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690)
Listed as
UCAR (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
Shanghai
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1939780

Other Miscellaneous Electrical Machinery, Equipment & Supplies companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
Revenue
$5.9M
$6.1M
$2.8M
$1.1M
Operating income
-$8.3M
-$7.9M
-$5.2M
-$8.2M
Net income
-$9.8M
-$6.6M
-$2.7M
-$6.7M
Diluted EPS
-$2.14
-$2.30
-$0.22
-$0.13
Operating cash flow
-$9.9M
-$10.0M
-$9.2M
-$1.9M
Free cash flow
-$10.0M
-$10.0M
-$9.3M
-$3.0M
Total assets
$53.9M
$52.8M
$60.4M
$40.9M
Total liabilities
$12.0M
$8.9M
$11.4M
$10.7M
Stockholders' equity
$38.6M
$39.9M
$43.2M
$24.1M
Cash and investments
$22.2M
$21.6M
$17.6M
$16.9M
Total debt
$7.2M
$819,000
$3.1M
$2.4M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
6-K Current report (foreign issuer) Sep 3, 2026 Sep 3, 2026
6-K Current report (foreign issuer) Aug 3, 2026 Aug 3, 2026
6-K Current report (foreign issuer) Jul 16, 2026 Jul 16, 2026
6-K Current report (foreign issuer) Jun 9, 2026 Jun 9, 2026
20-F Annual report (foreign issuer) May 15, 2026 Dec 31, 2025
6-K Current report (foreign issuer) May 14, 2026 May 14, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.