NASDAQ : UEIC
Universal Electronics Inc. — Financial statements
Technology · Consumer Electronics · United States
Last price 5.07 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 65.33M
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Financial statements
Universal Electronics Inc. (UEIC) reported revenue of 330.57M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 330.57M | 368.29M | 394.88M | 420.46M | 542.75M | 601.60M |
| Cost of Revenue | 231.57M | 260.52M | 280.55M | 314.93M | 387.57M | 425.25M |
| Gross Profit | 99.00M | 107.77M | 114.33M | 105.52M | 155.18M | 176.35M |
| Selling, General & Admin | 76.77M | 85.38M | 91.81M | 98.39M | 105.29M | 118.85M |
| Research & Development | 21.87M | 26.27M | 29.72M | 31.28M | 32.45M | 30.92M |
| Operating Expenses | 98.64M | 111.64M | 121.53M | 129.67M | 137.74M | 149.76M |
| Operating Income | 361.00K | -3.87M | -7.21M | -24.15M | 17.44M | 26.59M |
| Interest Expense | -494.00K | -1.60M | -4.20M | -6.00M | -3.30M | -900.00K |
| Interest & Investment Income | 665.00K | 839.00K | 1.67M | 1.10M | 334.00K | |
| Currency Exchange Gain (Loss) | -5.61M | -5.32M | -324.00K | -3.50M | -1.09M | -1.33M |
| Other Non Operating Income (Expenses) | 1.09M | 703.00K | 384.00K | 879.00K | 136.00K | 777.00K |
| EBT Excluding Unusual Items | -4.66M | -9.43M | -10.51M | -31.10M | 14.28M | 25.47M |
| Merger & Restructuring Charges | -1.82M | -1.22M | -3.58M | -4.01M | ||
| Impairment of Goodwill | -49.08M | |||||
| Gain (Loss) on Sale of Assets | -6.05M | |||||
| Asset Writedown | -1.31M | -1.31M | -333.00K | -8.06M | -2.89M | -3.34M |
| Legal Settlements | -4.17M | |||||
| Pretax Income | -7.79M | -11.96M | -18.60M | -92.25M | 11.39M | 16.08M |
| Income Tax Expense | 7.32M | 6.64M | 5.43M | 5.98M | 10.99M | 10.78M |
| Earnings From Continuing Operations | -15.10M | -18.60M | -24.03M | -98.24M | 407.00K | 5.30M |
| Net Income | -15.10M | -18.60M | -24.03M | -98.24M | 407.00K | 5.30M |
| Net Income to Common | -15.10M | -18.60M | -24.03M | -98.24M | 407.00K | 5.30M |
| Shares Outstanding (Basic) | 12.94M | 13.17M | 12.96M | 12.86M | 12.70M | 13.46M |
| Shares Outstanding (Diluted) | 12.94M | 13.17M | 12.96M | 12.86M | 12.78M | 13.74M |
| EPS (Basic) | -1.17 | -1.41 | -1.85 | -7.64 | 0.03 | 0.39 |
| EPS (Diluted) | -1.17 | -1.41 | -1.85 | -7.64 | 0.03 | 0.39 |
| Free Cash Flow | 8.24M | 19.75M | 10.25M | 17.07M | -3.08M | 27.70M |
| Free Cash Flow Per Share | 0.64 | 1.50 | 0.79 | 1.33 | -0.24 | 2.02 |
| Gross Margin | 29.95% | 29.26% | 28.95% | 25.10% | 28.59% | 29.31% |
| Operating Margin | 0.11% | -1.05% | -1.82% | -5.74% | 3.21% | 4.42% |
| Profit Margin | -4.57% | -5.05% | -6.08% | -23.36% | 0.07% | 0.88% |
| Free Cash Flow Margin | 2.49% | 5.36% | 2.60% | 4.06% | -0.57% | 4.60% |
| EBITDA | 12.39M | 9.66M | 10.12M | -1.66M | 41.42M | 53.31M |
| EBITDA Margin | 3.75% | 2.62% | 2.56% | -0.40% | 7.63% | 8.86% |
| D&A For EBITDA | 12.03M | 13.54M | 17.33M | 22.48M | 23.98M | 26.72M |
| EBIT | 361.00K | -3.87M | -7.21M | -24.15M | 17.44M | 26.59M |
| EBIT Margin | 0.11% | -1.05% | -1.82% | -5.74% | 3.21% | 4.42% |
| Effective Tax Rate | 96.43% | 67.03% | ||||
| Advertising Expenses | 600.00K | 700.00K | 600.00K | 500.00K | 800.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 32.40M | 32.31M | 26.78M | 42.75M | 66.74M | 60.81M |
| Cash & Short-Term Investments | 32.40M | 32.31M | 26.78M | 42.75M | 66.74M | 60.81M |
| Accounts Receivable | 72.07M | 78.50M | 101.87M | 109.08M | 114.45M | 125.64M |
| Other Receivables | 21.42M | 9.72M | 25.00M | 11.43M | 10.02M | 8.93M |
| Receivables | 93.49M | 88.22M | 126.88M | 120.50M | 124.47M | 134.57M |
| Inventory | 70.04M | 77.79M | 79.36M | 88.27M | 140.18M | 134.47M |
| Prepaid Expenses | 7.16M | 6.80M | 9.48M | 7.33M | 6.12M | 7.25M |
| Other Current Assets | 1.16M | 528.00K | 38.00K | |||
| Total Current Assets | 204.24M | 205.12M | 242.49M | 258.85M | 338.04M | 337.15M |
| Property, Plant & Equipment | 36.08M | 37.80M | 48.53M | 63.31M | 84.39M | 94.49M |
| Goodwill | 49.09M | 48.46M | ||||
| Other Intangible Assets | 20.15M | 21.97M | 24.04M | 25.35M | 24.47M | 20.17M |
| Long-Term Deferred Tax Assets | 2.92M | 5.50M | 6.42M | 6.79M | 6.24M | 7.73M |
| Other Long-Term Assets | 3.94M | 3.61M | 1.87M | 1.57M | 1.94M | 2.35M |
| Total Assets | 267.33M | 274.00M | 323.35M | 355.87M | 504.16M | 510.35M |
| Accounts Payable | 54.29M | 48.95M | 72.03M | 57.03M | 71.37M | 92.71M |
| Accrued Expenses | 33.49M | 38.38M | 41.03M | 39.05M | 43.75M | 58.09M |
| Short-Term Debt | 20.83M | 24.08M | 36.96M | 55.00M | 88.00M | 56.00M |
| Current Portion of Leases | 2.80M | 3.21M | 3.55M | 4.81M | 5.51M | 4.77M |
| Current Income Taxes Payable | 1.58M | 2.52M | 2.16M | 1.83M | 5.58M | 3.74M |
| Current Unearned Revenue | 2.24M | 2.16M | 2.52M | 2.70M | 1.13M | 390.00K |
| Other Current Liabilities | 20.00K | 11.00K | 35.00K | 722.00K | 1.12M | 1.09M |
| Total Current Liabilities | 115.25M | 119.31M | 158.29M | 161.15M | 216.47M | 216.79M |
| Long-Term Leases | 6.65M | 6.19M | 9.23M | 12.56M | 15.03M | 14.27M |
| Long-Term Deferred Tax Liabilities | 1.53M | 1.51M | 1.93M | 1.99M | 2.72M | 2.39M |
| Other Long-Term Liabilities | 81.00K | 803.00K | 795.00K | 1.25M | 1.53M | 952.00K |
| Total Liabilities | 124.37M | 127.81M | 170.25M | 176.95M | 235.76M | 234.40M |
| Common Stock | 264.00K | 261.00K | 257.00K | 253.00K | 250.00K | 247.00K |
| Additional Paid-In Capital | 351.51M | 350.22M | 344.70M | 336.94M | 326.84M | 314.09M |
| Retained Earnings | 184.14M | 189.83M | 208.43M | 232.46M | 330.70M | 330.29M |
| Treasury Stock | -375.02M | -375.02M | -371.93M | -369.97M | -368.19M | -355.16M |
| Comprehensive Income & Other | -17.94M | -19.11M | -28.35M | -20.76M | -21.19M | -13.52M |
| Total Common Equity | 142.96M | 146.18M | 153.10M | 178.92M | 268.41M | 275.95M |
| Shareholders' Equity | 142.96M | 146.18M | 153.10M | 178.92M | 268.41M | 275.95M |
| Total Liabilities & Equity | 267.33M | 274.00M | 323.35M | 355.87M | 504.16M | 510.35M |
| Total Debt | 30.28M | 33.48M | 49.74M | 72.37M | 108.54M | 75.03M |
| Net Cash (Debt) | 2.12M | -1.18M | -22.96M | -29.62M | -41.80M | -14.22M |
| Net Cash Per Share | 0.16 | -0.09 | -1.77 | -2.30 | -3.27 | -1.03 |
| Filing Date Shares Outstanding | 12.89M | 12.86M | 13.11M | 12.97M | 12.78M | 12.81M |
| Total Common Shares Outstanding | 12.90M | 12.61M | 13.05M | 12.89M | 12.70M | 12.82M |
| Working Capital | 88.99M | 85.81M | 84.20M | 97.70M | 121.57M | 120.36M |
| Book Value Per Share | 11.08 | 11.59 | 11.74 | 13.88 | 21.13 | 21.53 |
| Tangible Book Value | 122.81M | 124.22M | 129.07M | 153.57M | 194.85M | 207.32M |
| Tangible Book Value Per Share | 9.52 | 9.85 | 9.89 | 11.92 | 15.34 | 16.17 |
| Buildings | 18.02M | 17.27M | 17.81M | 18.29M | 19.83M | |
| Machinery | 117.73M | 117.61M | 126.30M | 141.72M | 150.42M | |
| Construction In Progress | 1.78M | 1.31M | 2.69M | 9.89M | 4.87M | |
| Leasehold Improvements | 28.67M | 29.40M | 33.05M | 39.76M | 41.44M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -15.10M | -18.60M | -24.03M | -98.24M | 407.00K | 5.30M |
| Depreciation & Amortization | 12.03M | 13.54M | 17.33M | 22.48M | 23.98M | 26.72M |
| Other Amortization | 724.00K | 650.00K | 729.00K | 443.00K | 49.00K | 27.00K |
| Loss (Gain) From Sale of Assets | -271.00K | -312.00K | 5.96M | |||
| Asset Writedown & Restructuring Costs | 1.22M | 1.31M | 333.00K | 57.04M | 2.89M | 3.34M |
| Stock-Based Compensation | 3.06M | 5.53M | 7.76M | 10.10M | 11.21M | 10.38M |
| Provision & Write-off of Bad Debts | 734.00K | 454.00K | 1.08M | 70.00K | -182.00K | |
| Other Operating Activities | 2.95M | 866.00K | -256.00K | -1.15M | 1.38M | -1.56M |
| Change in Accounts Receivable | 11.70M | 41.54M | -12.17M | 5.04M | 12.77M | 2.01M |
| Change in Inventory | 10.91M | 4.57M | 6.24M | 51.46M | -9.91M | -14.98M |
| Change in Accounts Payable | -17.91M | -33.23M | 15.73M | -21.38M | -28.67M | 870.00K |
| Change in Income Taxes | -822.00K | 1.91M | 1.31M | -3.54M | -2.07M | 2.86M |
| Change in Other Net Operating Assets | 2.23M | 5.40M | 764.00K | 2.86M | -917.00K | -630.00K |
| Operating Cash Flow | 11.44M | 23.63M | 14.82M | 25.19M | 10.93M | 40.28M |
| Capital Expenditures | -3.21M | -3.88M | -4.57M | -8.12M | -14.01M | -12.59M |
| Sale of Property, Plant & Equipment | 344.00K | 344.00K | ||||
| Cash Acquisitions | -939.00K | |||||
| Sale (Purchase) of Intangibles | -2.20M | -2.99M | -3.86M | -5.76M | -6.58M | -4.46M |
| Investment in Securities | 316.00K | |||||
| Other Investing Activities | -230.00K | |||||
| Investing Cash Flow | -5.06M | -6.75M | -8.43M | -13.88M | -21.21M | -17.04M |
| Short-Term Debt Issued | 103.65M | 102.19M | 78.00M | 133.00M | 112.00M | |
| Total Debt Issued | 104.47M | 103.65M | 102.19M | 78.00M | 133.00M | 112.00M |
| Short-Term Debt Repaid | -117.22M | -120.00M | -111.00M | -101.00M | -76.00M | |
| Total Debt Repaid | -115.94M | -117.22M | -120.00M | -111.00M | -101.00M | -76.00M |
| Net Debt Issued (Repaid) | -11.46M | -13.57M | -17.81M | -33.00M | 32.00M | 36.00M |
| Issuance of Common Stock | 1.54M | 1.64M | ||||
| Repurchase of Common Stock | -2.34M | -3.09M | -1.96M | -1.78M | -13.04M | -59.66M |
| Financing Cash Flow | -13.80M | -16.66M | -19.76M | -34.78M | 20.50M | -22.03M |
| Foreign Exchange Rate Adjustments | 5.55M | 5.31M | -2.60M | -523.00K | -4.29M | 2.44M |
| Net Cash Flow | -1.86M | 5.52M | -15.97M | -23.99M | 5.93M | 3.66M |
| Free Cash Flow | 8.24M | 19.75M | 10.25M | 17.07M | -3.08M | 27.70M |
| Free Cash Flow Margin | 2.49% | 5.36% | 2.60% | 4.06% | -0.57% | 4.60% |
| Free Cash Flow Per Share | 0.64 | 1.50 | 0.79 | 1.33 | -0.24 | 2.02 |
| Levered Free Cash Flow | 16.48M | 26.57M | 27.10M | 33.88M | -4.53M | 32.10M |
| Unlevered Free Cash Flow | 16.78M | 27.57M | 29.72M | 37.63M | -2.46M | 32.66M |
| Cash Interest Paid | 1.38M | 1.97M | 4.74M | 7.01M | 2.21M | 620.00K |
| Cash Income Tax Paid | 3.22M | 2.62M | 3.48M | 13.18M | 10.92M | 10.09M |
| Change in Working Capital | 6.11M | 20.19M | 11.87M | 34.44M | -28.81M | -9.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 63.27M | 48.25M | 143.31M | 121.62M | 263.91M | 533.89M |
| Enterprise Value | 61.15M | 45.58M | 170.44M | 152.86M | 308.12M | 545.00M |
| Last Close Price | 4.91 | 3.43 | 10.46 | 8.93 | 19.78 | 38.73 |
| PE Ratio | 648.42 | 100.72 | ||||
| Forward PE | 17.54 | 38.00 | 22.68 | 21.92 | 6.46 | 12.08 |
| PS Ratio | 0.19 | 0.13 | 0.36 | 0.29 | 0.49 | 0.89 |
| PB Ratio | 0.44 | 0.33 | 0.94 | 0.68 | 0.98 | 1.94 |
| P/TBV Ratio | 0.52 | 0.39 | 1.11 | 0.79 | 1.35 | 2.58 |
| P/FCF Ratio | 7.68 | 2.44 | 13.98 | 7.12 | 19.28 | |
| P/OCF Ratio | 5.53 | 2.04 | 9.67 | 4.83 | 24.15 | 13.25 |
| PEG Ratio | 1.33 | 1.89 | 1.83 | 0.54 | 1.10 | |
| EV/Sales Ratio | 0.18 | 0.12 | 0.43 | 0.36 | 0.57 | 0.91 |
| EV/EBITDA Ratio | 4.94 | 4.72 | 16.84 | 7.44 | 10.22 | |
| EV/EBIT Ratio | 169.39 | 17.67 | 20.50 | |||
| EV/FCF Ratio | 7.42 | 2.31 | 16.63 | 8.95 | 19.68 | |
| Debt / Equity Ratio | 0.21 | 0.23 | 0.33 | 0.40 | 0.40 | 0.27 |
| Debt / EBITDA Ratio | 1.61 | 1.98 | 2.84 | 12.64 | 2.23 | 1.25 |
| Debt / FCF Ratio | 3.68 | 1.70 | 4.85 | 4.24 | 2.71 | |
| Net Debt / Equity Ratio | -0.01 | 0.01 | 0.15 | 0.17 | 0.16 | 0.05 |
| Net Debt / EBITDA Ratio | -0.17 | 0.12 | 2.27 | -17.80 | 1.01 | 0.27 |
| Net Debt / FCF Ratio | -0.26 | 0.06 | 2.24 | 1.74 | -13.57 | 0.51 |
| Asset Turnover | 1.16 | 1.23 | 1.16 | 0.98 | 1.07 | 1.18 |
| Inventory Turnover | 3.08 | 3.32 | 3.35 | 2.76 | 2.82 | 3.34 |
| Quick Ratio | 1.09 | 1.01 | 0.97 | 1.01 | 0.88 | 0.90 |
| Current Ratio | 1.77 | 1.72 | 1.53 | 1.61 | 1.56 | 1.55 |
| Return on Equity (ROE) | -10.21% | -12.43% | -14.47% | -43.92% | 0.15% | 1.80% |
| Return on Assets (ROA) | 0.08% | -0.81% | -1.33% | -3.51% | 2.15% | 3.26% |
| Return on Invested Capital (ROIC) | 0.26% | -2.40% | -3.75% | -9.31% | 0.21% | 2.99% |
| Return on Capital Employed (ROCE) | 0.20% | -2.50% | -4.40% | -12.40% | 6.10% | 9.10% |
| Earnings Yield | -23.77% | -38.55% | -16.77% | -80.77% | 0.15% | 0.99% |
| FCF Yield | 13.02% | 40.93% | 7.15% | 14.04% | -1.17% | 5.19% |
| Buyback Yield / Dilution | 1.02% | -1.64% | -0.81% | -0.60% | 7.01% | 2.99% |