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Side-by-side financial comparison of Eventbrite, Inc. (EB) and ULTRALIFE CORP (ULBI). Click either name above to swap in a different company.

Eventbrite, Inc. is the larger business by last-quarter revenue ($73.5M vs $48.5M, roughly 1.5× ULTRALIFE CORP). Eventbrite, Inc. runs the higher net margin — -11.1% vs -15.3%, a 4.2% gap on every dollar of revenue. On growth, ULTRALIFE CORP posted the faster year-over-year revenue change (10.6% vs -3.9%). ULTRALIFE CORP produced more free cash flow last quarter ($607.0K vs $-60.9M). Over the past eight quarters, ULTRALIFE CORP's revenue compounded faster (7.5% CAGR vs -7.7%).

Eventbrite is an American live events marketplace and website. The service allows users to browse, create, and promote local events. It is free to publish unlimited events of any size on Eventbrite.

Ultralife Corporation designs and manufactures batteries and communications systems worldwide. Ultralife serves government and defense, medical, safety and security, energy, robotics and other customers across the globe through the design and development of a range of products. Founded in 1991 when launched as an Initial Public Offering (IPO) evolving from Kodak’s Ultra Technologies battery division, and headquartered in Newark, New York, the Company’s business segments include battery and en...

EB vs ULBI — Head-to-Head

Bigger by revenue
EB
EB
1.5× larger
EB
$73.5M
$48.5M
ULBI
Growing faster (revenue YoY)
ULBI
ULBI
+14.4% gap
ULBI
10.6%
-3.9%
EB
Higher net margin
EB
EB
4.2% more per $
EB
-11.1%
-15.3%
ULBI
More free cash flow
ULBI
ULBI
$61.5M more FCF
ULBI
$607.0K
$-60.9M
EB
Faster 2-yr revenue CAGR
ULBI
ULBI
Annualised
ULBI
7.5%
-7.7%
EB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EB
EB
ULBI
ULBI
Revenue
$73.5M
$48.5M
Net Profit
$-8.2M
$-7.4M
Gross Margin
68.1%
24.9%
Operating Margin
-12.4%
-21.9%
Net Margin
-11.1%
-15.3%
Revenue YoY
-3.9%
10.6%
Net Profit YoY
2.5%
-3925.8%
EPS (diluted)
$-0.08
$-35.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EB
EB
ULBI
ULBI
Q4 25
$73.5M
$48.5M
Q3 25
$71.7M
$43.4M
Q2 25
$72.8M
$48.6M
Q1 25
$73.8M
$50.7M
Q4 24
$76.5M
$43.9M
Q3 24
$77.8M
$35.7M
Q2 24
$84.6M
$43.0M
Q1 24
$86.3M
$41.9M
Net Profit
EB
EB
ULBI
ULBI
Q4 25
$-8.2M
$-7.4M
Q3 25
$6.4M
$-1.2M
Q2 25
$-2.1M
$879.0K
Q1 25
$-6.6M
$1.9M
Q4 24
$-8.4M
$194.0K
Q3 24
$-3.8M
$258.0K
Q2 24
$1.1M
$3.0M
Q1 24
$-4.5M
$2.9M
Gross Margin
EB
EB
ULBI
ULBI
Q4 25
68.1%
24.9%
Q3 25
67.9%
22.2%
Q2 25
67.5%
23.9%
Q1 25
66.9%
25.1%
Q4 24
68.2%
24.2%
Q3 24
68.5%
24.3%
Q2 24
70.9%
26.9%
Q1 24
71.0%
27.4%
Operating Margin
EB
EB
ULBI
ULBI
Q4 25
-12.4%
-21.9%
Q3 25
-1.3%
-2.2%
Q2 25
-8.7%
4.6%
Q1 25
-13.2%
6.7%
Q4 24
-10.2%
3.4%
Q3 24
-11.5%
1.4%
Q2 24
-7.6%
9.1%
Q1 24
-8.8%
9.7%
Net Margin
EB
EB
ULBI
ULBI
Q4 25
-11.1%
-15.3%
Q3 25
8.9%
-2.8%
Q2 25
-2.9%
1.8%
Q1 25
-9.0%
3.7%
Q4 24
-11.0%
0.4%
Q3 24
-4.8%
0.7%
Q2 24
1.3%
6.9%
Q1 24
-5.2%
6.9%
EPS (diluted)
EB
EB
ULBI
ULBI
Q4 25
$-0.08
$-35.00
Q3 25
$0.06
$-0.07
Q2 25
$-0.02
$0.05
Q1 25
$-0.07
$0.02
Q4 24
$-0.09
$37.72
Q3 24
$-0.04
$0.02
Q2 24
$0.01
$0.18
Q1 24
$-0.05
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EB
EB
ULBI
ULBI
Cash + ST InvestmentsLiquidity on hand
$299.9M
$9.3M
Total DebtLower is stronger
$144.4M
Stockholders' EquityBook value
$179.1M
$130.0M
Total Assets
$647.2M
$216.9M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EB
EB
ULBI
ULBI
Q4 25
$299.9M
$9.3M
Q3 25
Q2 25
Q1 25
Q4 24
$441.5M
$6.9M
Q3 24
$24.7M
$6.8M
Q2 24
$56.7M
$6.7M
Q1 24
$113.7M
$10.1M
Total Debt
EB
EB
ULBI
ULBI
Q4 25
$144.4M
Q3 25
$174.9M
Q2 25
$241.3M
Q1 25
$241.0M
Q4 24
$240.7M
$55.0M
Q3 24
$240.4M
Q2 24
$358.7M
Q1 24
$358.2M
Stockholders' Equity
EB
EB
ULBI
ULBI
Q4 25
$179.1M
$130.0M
Q3 25
$189.1M
$137.3M
Q2 25
$177.2M
$138.4M
Q1 25
$173.3M
$136.4M
Q4 24
$170.2M
$134.0M
Q3 24
$179.8M
$134.5M
Q2 24
$176.2M
$133.2M
Q1 24
$184.1M
$128.8M
Total Assets
EB
EB
ULBI
ULBI
Q4 25
$647.2M
$216.9M
Q3 25
$744.6M
$222.2M
Q2 25
$784.1M
$221.0M
Q1 25
$812.3M
$223.8M
Q4 24
$752.3M
$220.5M
Q3 24
$817.4M
$172.4M
Q2 24
$894.5M
$169.8M
Q1 24
$952.2M
$180.6M
Debt / Equity
EB
EB
ULBI
ULBI
Q4 25
0.81×
Q3 25
0.92×
Q2 25
1.36×
Q1 25
1.39×
Q4 24
1.41×
0.41×
Q3 24
1.34×
Q2 24
2.04×
Q1 24
1.95×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EB
EB
ULBI
ULBI
Operating Cash FlowLast quarter
$-60.8M
$1.5M
Free Cash FlowOCF − Capex
$-60.9M
$607.0K
FCF MarginFCF / Revenue
-82.8%
1.3%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$17.6M
$7.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EB
EB
ULBI
ULBI
Q4 25
$-60.8M
$1.5M
Q3 25
$36.7M
$198.0K
Q2 25
$-17.5M
$5.9M
Q1 25
$59.4M
$3.4M
Q4 24
$-45.3M
$3.0M
Q3 24
$44.6M
$4.7M
Q2 24
$-32.3M
$8.9M
Q1 24
$68.6M
$-81.0K
Free Cash Flow
EB
EB
ULBI
ULBI
Q4 25
$-60.9M
$607.0K
Q3 25
$36.6M
$-797.0K
Q2 25
$-17.5M
$4.8M
Q1 25
$59.4M
$2.5M
Q4 24
$-45.3M
$2.4M
Q3 24
$44.4M
$4.2M
Q2 24
$-32.4M
$8.6M
Q1 24
$68.2M
$-453.0K
FCF Margin
EB
EB
ULBI
ULBI
Q4 25
-82.8%
1.3%
Q3 25
51.1%
-1.8%
Q2 25
-24.1%
10.0%
Q1 25
80.4%
4.9%
Q4 24
-59.2%
5.6%
Q3 24
57.1%
11.6%
Q2 24
-38.3%
19.9%
Q1 24
79.1%
-1.1%
Capex Intensity
EB
EB
ULBI
ULBI
Q4 25
0.0%
1.8%
Q3 25
0.0%
2.3%
Q2 25
0.0%
2.3%
Q1 25
0.1%
1.8%
Q4 24
0.0%
1.4%
Q3 24
0.2%
1.7%
Q2 24
0.1%
0.8%
Q1 24
0.4%
0.9%
Cash Conversion
EB
EB
ULBI
ULBI
Q4 25
Q3 25
5.76×
Q2 25
6.75×
Q1 25
1.81×
Q4 24
15.70×
Q3 24
18.40×
Q2 24
-30.37×
3.01×
Q1 24
-0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EB
EB

US$52.0M71%
Other$21.6M29%

ULBI
ULBI

Commercial$36.3M75%
Government Defense$9.6M20%
Communications Systems Segment$2.6M5%

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