UltraGreen ai (ULG) Q3 2026 TU earnings summary

Executive summary

• 9M2026 continuing-operations revenue rose 35% YoY to US$131.8m, with growth in the US and ROW; cash and short-term investments were US$214m at 30 Sep 2026, with no debt.

• New US competition is expected to weigh on 4Q2026 results and FY2027 US revenue and profitability; FY2026 revenue is expected below prior guidance of US$175–185m.

Financial highlights

• 9M2026 continuing revenue was US$131.8m versus US$97.6m in 9M2025; including discontinued operations, reported revenue increased 29% YoY. The 9M2025 comparison included US$4.4m from discontinued UltraLinQ operations.

• 3Q2026 revenue was US$45.2m; US revenue increased 47% YoY and ROW revenue increased 32% YoY.

• Cash and short-term investments totaled US$214m at 30 Sep 2026, with no debt.

Outlook and guidance

• FY2026 revenue is expected below prior guidance of US$175–185m, with new US market entrants weighing on 4Q2026 performance.

• The full-year impact of competition is expected to extend into FY2027, pressuring US revenue and profitability; continued growth is expected outside the US.

• Priorities include defending US market share, growing ROW, accelerating NIR camera rollouts and advancing new products and integrated solutions.