U Power Limited UCAR
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.
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
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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
| 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 |
All 137 U Power Limited SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.