Ucommune International LtdUKEarnings & Financial Report
Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed i...
Revenue
$16.4M
Gross Profit
$-280.0K
Operating Profit
$-3.9M
Net Profit
$-6.9M
Gross Margin
-1.7%
Operating Margin
-23.6%
Net Margin
-42.2%
YoY Growth
-56.1%
EPS
$-8.55
Financial Flow
Ucommune International Ltd Q2 2024 Financial Summary
Ucommune International Ltd reported revenue of $16.4M (down 56.1% YoY) for Q2 2024, with a net profit of $-6.9M (down 30.2% YoY) (-42.2% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $16.4M |
|---|---|
| Net Profit | $-6.9M |
| Gross Margin | N/A |
| Operating Margin | -23.6% |
| Report Period | Q2 2024 |
Ucommune International Ltd Quarterly Revenue & Net Profit History
Ucommune International Ltd results over the last 4 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 2025 | $1.3M | -92.4% | $-175.0K | -14.0% |
| Q2 2024 | $16.4M | -56.1% | $-6.9M | -42.2% |
| Q2 2023 | $37.2M | -16.1% | $-5.3M | -14.2% |
| Q2 2022 | $44.4M | — | $-34.2M | -77.1% |
Income Statement
| Q2 2022 | Q2 2023 | Q2 2024 | Q2 2025 | |
|---|---|---|---|---|
| Revenue | $44.4M | $37.2M | $16.4M | $1.3M |
| YoY Growth | N/A | -16.1% | -56.1% | -92.4% |
Balance Sheet
| Q2 2022 | Q2 2023 | Q2 2024 | Q2 2025 | |
|---|---|---|---|---|
| Assets | $200.4M | $103.4M | $68.0M | $1.2M |
| Liabilities | $177.9M | $98.9M | $63.1M | $0 |
| Equity | $19.6M | $3.0M | $4.7M | $1.2M |
Cash Flow
| Q2 2022 | Q2 2023 | Q2 2024 | |
|---|---|---|---|
| Operating CF | $-16.0M | $4.2M | $-677000 |