Ultra Clean Holdings, Inc. (UCTT) financial statements: income statement, balance sheet and cash flow

Ultra Clean Holdings, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 26, 2025 · FY), Ultra Clean Holdings, Inc. reported revenue of $2.1B (-2.1% year on year) and net income of ($181.2M) (-864.6% year on year).

Income statement

Ultra Clean Holdings, Inc. income statement, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Total revenues	$2.1B	$2.1B	$1.7B	$2.4B
Total cost revenues	$1.7B	$1.7B	$1.5B	$1.9B
Gross margin	$322.9M	$356.3M	$277.3M	$465.0M
Research and development	$32.0M	$28.3M	$28.3M	$28.5M
Sales and marketing	$61.2M	$57.3M	$51.8M	$54.4M
General and administrative	$186.0M	$179.5M	$162.0M	$184.3M
Impairment of goodwill	$151.1M	—	—	—
Total operating expenses	$430.3M	$265.1M	$242.1M	$344.6M
Income (loss) from operations	($107.4M)	$91.2M	$35.2M	$120.4M
Interest income	$3.9M	$4.8M	$4.1M	$900.0K
Interest expense	($38.3M)	($46.5M)	($48.8M)	($33.9M)
Other income (expense), net	($3.9M)	$17.7M	($1.8M)	$900.0K
Income (loss) before provision for income taxes	($145.7M)	$67.2M	($11.3M)	$88.3M
Provision for income tax	$25.9M	$32.7M	$10.9M	$37.9M
Net income (loss)	($171.6M)	$34.5M	($22.2M)	$50.4M
Less: Net income attributable to noncontrolling interests	$9.6M	$10.8M	$8.9M	$10.0M
Net income (loss) attributable to UCT	($181.2M)	$23.7M	($31.1M)	$40.4M
Basic (in dollars per share)	-$4.00	$0.53	-$0.70	$0.89
Diluted (in dollars per share)	-$4.00	$0.52	-$0.70	$0.88
Basic (in shares)	45.3M	44.9M	44.7	45.2
Diluted (in shares)	45.3M	45.3M	44.7	45.7

Ultra Clean Holdings, Inc. income statement, quarters

Line item	Jun 26, 2026 · Q2	Mar 27, 2026 · Q1	Sep 26, 2025 · Q3	Jun 27, 2025 · Q2
Total revenues	$644.9M	$533.7M	$510.0M	$518.8M
Total cost revenues	$541.2M	$449.3M	$427.8M	$439.3M
Gross margin	$103.7M	$84.4M	$82.2M	$79.5M
Research and development	$8.8M	$8.5M	$7.8M	$7.8M
Sales and marketing	$16.4M	$15.5M	$15.1M	$15.5M
General and administrative	$49.0M	$49.0M	$48.7M	$46.9M
Impairment of goodwill	$0	—	$0	$151.1M
Total operating expenses	$74.2M	$73.0M	$71.6M	$221.3M
Income (loss) from operations	$29.5M	$11.4M	$10.6M	($141.8M)
Interest income	$1.0M	$1.4M	$1.1M	$800.0K
Interest expense	($1.1M)	($7.3M)	($9.9M)	($10.1M)
Other income (expense), net	$600.0K	($1.3M)	($1.2M)	($2.2M)
Income (loss) before provision for income taxes	$30.0M	$4.2M	$600.0K	($153.3M)
Provision for income taxes	$18.1M	$19.2M	$8.7M	$7.2M
Net income (loss)	$11.9M	($15.0M)	($8.1M)	($160.5M)
Less: Net income attributable to noncontrolling interests	$3.2M	$2.9M	$2.8M	$1.5M
Net income (loss) attributable to UCT	$8.7M	($17.9M)	($10.9M)	($162.0M)
Basic (in dollars per share)	$0.19	-$0.40	-$0.24	-$3.58
Diluted (in dollars per share)	$0.19	-$0.40	-$0.24	-$3.58
Basic (in shares)	45.1M	45.3M	45.4M	45.2M
Diluted (in shares)	46.1M	45.3M	45.4M	45.2M

Balance sheet

Ultra Clean Holdings, Inc. balance sheet, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Cash and cash equivalents	$311.8M	$313.9M	$307.0M	$358.8M
Accounts receivable, net of allowance for credit losses of $0.9 and $2.1 at December 26, 2025 and December 27, 2024, respectively	$208.8M	$241.1M	$180.8M	$253.7M
Inventories	$390.9M	$381.0M	$374.5M	$443.9M
Prepaid expenses and other current assets	$48.2M	$34.1M	$30.9M	$42.4M
Total current assets	$959.7M	$970.1M	$893.2M	$1.1B
Property, plant and equipment, net	$324.6M	$325.9M	$328.3M	$279.6M
Goodwill	$114.2M	$265.3M	$265.2M	$248.8M
Intangible assets, net	$156.8M	$184.9M	$215.3M	$187.9M
Deferred tax assets, net	$3.5M	$3.1M	$3.1M	$36.0M
Operating lease right-of-use assets	$157.2M	$161.0M	$151.7M	$99.0M
Other non-current assets	$13.0M	$9.6M	$10.9M	$10.8M
Total assets	$1.7B	$1.9B	$1.9B	$2.0B
Bank borrowings	$9.9M	$16.0M	$17.6M	$20.8M
Accounts payable	$194.9M	$212.5M	$192.9M	$253.5M
Accrued compensation and related benefits	$51.1M	$50.1M	$47.7M	$52.5M
Operating lease liabilities	$20.2M	$18.6M	$18.1M	$17.1M
Other current liabilities	$24.6M	$38.4M	$33.7M	$45.3M
Total current liabilities	$300.7M	$335.6M	$310.0M	$389.2M
Bank borrowings, net of current portion	$467.0M	$476.5M	$461.2M	$493.0M
Deferred tax liabilities	$13.8M	$16.1M	$19.0M	$52.2M
Operating lease liabilities	$156.6M	$149.2M	$143.0M	$80.3M
Other liabilities	$6.8M	$6.7M	$37.3M	$9.2M
Total liabilities	$944.9M	$984.1M	$970.5M	$1.0B
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0	0	0	0
Common stock — $0.001 par value, 90.0 shares authorized; 47.2 and 46.6 shares issued and 45.5 and 45.1 shares outstanding at December 26, 2025 and December 27, 2024, respectively	100.0K	100.0K	100.0K	100.0K
Additional paid-in capital	$578.7M	$558.4M	$541.5M	$530.8M
Common shares held in treasury, at cost, 1.7 and 1.5 shares at December 26, 2025 and December 27, 2024, respectively	-48.4M	-45.0M	—	—
Retained earnings	$189.2M	$370.4M	$346.7M	$377.8M
Accumulated other comprehensive loss	($8.6M)	($10.3M)	($4.4M)	($5.4M)
Total UCT stockholders' equity	$711.0M	$873.6M	$838.9M	$887.9M
Noncontrolling interests	$73.1M	$62.2M	$58.3M	$49.1M
Total equity	$784.1M	$935.8M	$897.2M	$937.0M
Total liabilities and equity	$1.7B	$1.9B	$1.9B	$2.0B

Ultra Clean Holdings, Inc. balance sheet, quarters

Line item	Jun 26, 2026	Mar 27, 2026	Sep 26, 2025	Jun 27, 2025
Cash and cash equivalents	$255.9M	$323.5M	$314.1M	$327.4M
Accounts receivable, net of allowance for credit losses of $1.0 and $0.9 at June 26, 2026 and December 26, 2025, respectively	$208.0M	$232.8M	$199.5M	$206.7M
Inventories	$629.9M	$481.9M	$382.2M	$375.6M
Prepaid expenses and other current assets	$66.7M	$59.6M	$45.6M	$46.1M
Total current assets	$1.2B	$1.1B	$941.4M	$955.8M
Property, plant and equipment, net	$323.7M	$319.4M	$329.1M	$336.7M
Goodwill	$114.2M	$114.2M	$114.2M	$114.2M
Intangible assets, net	$143.2M	$149.9M	$163.7M	$170.6M
Deferred tax assets, net	$4.4M	$3.6M	$3.1M	$2.8M
Operating lease right-of-use assets	$158.1M	$158.4M	$156.9M	$153.9M
Other non-current assets	$14.0M	$11.9M	$12.1M	$11.6M
Total assets	$1.9B	$1.9B	$1.7B	$1.7B
Current portion of long-term debt	$0	$0	—	—
Accounts payable	$300.6M	$263.4M	$191.2M	$202.2M
Accrued compensation and related benefits	$62.4M	$47.2M	$49.6M	$47.6M
Operating lease liabilities	$21.5M	$20.5M	$18.6M	$18.6M
Other current liabilities	$40.2M	$26.4M	$24.1M	$33.6M
Total current liabilities	$424.7M	$357.5M	$293.4M	$312.0M
Long-term debt	$599.4M	$601.9M	—	—
Deferred tax liabilities	$14.1M	$28.4M	$16.4M	$16.2M
Operating lease liabilities	$155.0M	$158.0M	$155.1M	$151.4M
Other liabilities	$7.8M	$7.3M	$7.8M	$7.8M
Total liabilities	$1.2B	$1.2B	$939.2M	$955.8M
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0	0	0	0
Common stock — $0.001 par value, 90.0 shares authorized; 48.2 and 47.2 shares issued, and 45.3 and 45.5 shares outstanding at June 26, 2026 and December 26, 2025, respectively	100.0K	100.0K	100.0K	100.0K
Additional paid-in capital	$560.8M	$556.8M	$572.8M	$568.8M
Common shares held in treasury, at cost, 2.9 and 1.7 shares at June 26, 2026 and December 26, 2025, respectively	-88.7M	-88.7M	-48.4M	-48.4M
Retained earnings	$180.0M	$171.3M	$192.5M	$203.4M
Accumulated other comprehensive loss	($12.4M)	($11.6M)	($7.1M)	($4.5M)
Total UCT stockholders’ equity	$639.8M	$627.9M	$709.9M	$719.4M
Noncontrolling interests	$77.3M	$74.2M	$71.4M	$70.4M
Total equity	$717.1M	$702.1M	$781.3M	$789.8M
Total liabilities and equity	$1.9B	$1.9B	$1.7B	$1.7B

Cash flow statement

Ultra Clean Holdings, Inc. cash flow statement, fiscal years

Line item	Dec 26, 2025 · FY	Dec 27, 2024 · FY	Dec 29, 2023 · FY	Dec 30, 2022 · FY
Net income (loss)	($171.6M)	$34.5M	($22.2M)	$50.4M
Depreciation and amortization	$47.9M	$45.7M	$37.6M	$38.4M
Amortization of intangible assets	$28.1M	$30.4M	$24.1M	$30.0M
Stock-based compensation	$19.2M	$17.4M	$12.1M	$19.1M
Amortization of debt issuance costs	$2.7M	$3.0M	$3.9M	$3.9M
Impairment of goodwill	$151.1M	—	—	—
Loss (gain) on sale of property, plant and equipment	$700.0K	$1.2M	($900.0K)	—
Change in the fair value of financial instruments	($100.0K)	($29.2M)	$1.7M	$1.0M
Deferred income taxes	($2.7M)	($3.0M)	($12.4M)	($200.0K)
Accounts receivable	$32.3M	($60.3M)	$78.5M	($15.7M)
Inventories	($9.9M)	($6.5M)	$80.8M	($84.4M)
Prepaid expenses and other current assets	($8.3M)	($3.2M)	$12.5M	($4.5M)
Other non-current assets	($1.9M)	$1.3M	$0	($3.4M)
Accounts payable	($17.6M)	$26.4M	($61.5M)	($68.4M)
Accrued compensation and related benefits	$1.0M	$2.4M	($5.6M)	$7.1M
Income taxes payable	($13.5M)	$1.0M	($5.2M)	($100.0K)
Operating lease assets and liabilities	$12.9M	$2.6M	$400.0K	($2.2M)
Other liabilities	($4.7M)	$1.3M	($7.9M)	($1.0M)
Net cash provided by operating activities	$65.6M	$65.0M	$135.9M	$47.2M
Purchases of property, plant and equipment	($50.3M)	($63.5M)	($75.8M)	($100.1M)
Acquisition of businesses, net of cash acquired	$0	$0	($46.1M)	$0
Other investing activities	$3.3M	—	—	—
Net cash used in investing activities	($47.0M)	($63.5M)	($119.7M)	($96.2M)
Proceeds from bank borrowings	$59.3M	$67.7M	$0	$0
Extinguishment of bank borrowings	($59.3M)	($44.2M)	—	—
Proceeds from issuance of common stock	$2.2M	$2.0M	$800.0K	$700.0K
Principal payments on bank borrowings	($18.2M)	($10.2M)	($38.6M)	($39.7M)
Payment of debt issuance costs	($600.0K)	($2.5M)	($300.0K)	($700.0K)
Employees’ taxes paid upon vesting of restricted stock units	($1.1M)	($2.5M)	($2.2M)	($3.9M)
Payments of dividends to a joint venture shareholder	($100.0K)	($500.0K)	($200.0K)	—
Repurchase of shares	-3.4M	0	-29.4M	-12.1M
Net cash provided by (used in) financing activities	($21.2M)	$9.8M	($69.9M)	($56.0M)
Effect of exchange rate changes on cash and cash equivalents	$500.0K	($4.4M)	$1.9M	($2.7M)
Net increase (decrease) in cash and cash equivalents	($2.1M)	$6.9M	($51.8M)	($107.7M)
Cash and cash equivalents at beginning of period	$313.9M	$307.0M	$358.8M	$466.5M
Cash and cash equivalents at end of period	$311.8M	$313.9M	$307.0M	$358.8M
Income taxes paid, net of income tax refunds	$42.0M	$34.3M	$31.2M	$36.8M
Interest paid	$39.7M	$40.4M	$44.8M	$31.9M
Property, plant and equipment purchased included in accounts payable and other liabilities	$3.0M	$2.9M	$9.7M	$16.8M
Fair value of HIS earn-out at acquisition date	$0	$0	$27.1M	—

Ultra Clean Holdings, Inc. cash flow statement, quarters

Line item	Jun 26, 2026 · YTD	Mar 27, 2026 · Q1	Sep 26, 2025 · YTD	Jun 27, 2025 · YTD
Net income (loss)	($3.0M)	($15.0M)	($171.0M)	($162.9M)
Depreciation and amortization	$24.8M	$12.3M	$35.5M	$23.4M
Amortization of intangible assets	$13.7M	$6.9M	$21.2M	$14.3M
Stock-based compensation	$9.6M	$3.2M	$14.4M	$10.0M
Amortization of debt issuance costs	$1.6M	$700.0K	$2.1M	$1.1M
Impairment of goodwill	$0	—	$151.1M	$151.1M
Loss on extinguishment of debt	$3.4M	$3.0M	—	—
Loss on disposal of property, plant and equipment	$1.2M	$1.0M	$700.0K	$100.0K
Change in the fair value of financial instruments	$0	$0	($100.0K)	($100.0K)
Deferred income taxes	($500.0K)	$14.6M	$400.0K	$600.0K
Accounts receivable	$800.0K	($24.0M)	$41.6M	$34.3M
Inventories	($238.9M)	($91.0M)	($1.2M)	$5.4M
Prepaid expenses and other current assets	($13.8M)	($7.3M)	($6.3M)	($7.8M)
Other non-current assets	$900.0K	$1.1M	($1.0M)	($500.0K)
Accounts payable	$104.4M	$68.0M	($22.8M)	($11.9M)
Accrued compensation and related benefits	$11.3M	($4.0M)	($600.0K)	($2.6M)
Income taxes payable	($2.5M)	($2.8M)	($12.1M)	($4.2M)
Operating lease right-of-use assets and operating lease liabilities	($1.2M)	$400.0K	$10.2M	$11.1M
Other liabilities	$13.8M	($400.0K)	($4.6M)	($4.0M)
Net cash provided by (used in) operating activities	($74.4M)	($33.3M)	$57.5M	$57.4M
Purchases of property, plant and equipment	($25.8M)	($9.6M)	($40.2M)	($29.2M)
Proceeds from sale of equipment	$100.0K	$100.0K	—	$100.0K
Net cash used in investing activities	($25.7M)	($9.5M)	($37.0M)	($29.1M)
Proceeds from the issuance of convertible notes	$600.0M	$600.0M	—	—
Borrowings on revolving credit facility	$15.0M	—	—	—
Proceeds from issuance of common stock	$1.1M	—	$1.1M	$1.1M
Payment of debt issuance costs	($17.4M)	($15.3M)	$0	$0
Repurchase of common stock	($40.0M)	($40.0M)	($3.4M)	($3.4M)
Payment for capped call transactions	($25.1M)	($25.1M)	—	—
Principal payments on bank borrowings	($481.5M)	($462.0M)	($18.2M)	($15.1M)
Employees’ taxes paid upon vesting of restricted stock units	($3.5M)	—	($1.1M)	($700.0K)
Payments of dividends to a joint venture shareholder	($100.0K)	—	($100.0K)	($100.0K)
Net cash provided by (used in) financing activities	$48.5M	$57.6M	($22.3M)	($18.8M)
Effect of exchange rate changes on cash and cash equivalents	($4.3M)	($3.1M)	$2.0M	$4.0M
Net increase (decrease) in cash and cash equivalents	($55.9M)	$11.7M	$200.0K	$13.5M
Cash and cash equivalents at beginning of period	$311.8M	$311.8M	$313.9M	$313.9M
Cash and cash equivalents at end of period	$255.9M	$323.5M	$314.1M	$327.4M
Income taxes paid, net of income tax refunds	$30.4M	$6.1M	$35.2M	$18.4M
Interest paid	$6.7M	$6.6M	$31.4M	$18.9M
Property, plant and equipment purchased included in accounts payable and other liabilities	$4.2M	$3.3M	$4.4M	$4.5M

Ultra Clean Holdings, Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.