NYSE : U
Unity Software Inc. — Financial statements
Technology · Software - Application · United States
Last price 39.27 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.28B
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Financial statements
Unity Software Inc. (U) reported revenue of 2.03B 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 | 2.03B | 1.85B | 1.81B | 2.19B | 1.39B | 1.11B |
| Cost of Revenue | 484.13M | 475.95M | 465.70M | 733.72M | 442.50M | 253.63M |
| Gross Profit | 1.54B | 1.37B | 1.35B | 1.45B | 948.52M | 856.90M |
| Selling, General & Admin | 851.83M | 915.56M | 1.01B | 1.23B | 871.25M | 692.85M |
| Research & Development | 1.03B | 929.52M | 876.83M | 1.05B | 959.49M | 695.71M |
| Operating Expenses | 1.88B | 1.85B | 1.89B | 2.29B | 1.83B | 1.39B |
| Operating Income | -334.33M | -471.38M | -541.00M | -832.79M | -882.21M | -531.66M |
| Interest Expense | -24.14M | -24.01M | -23.54M | -24.58M | -7.40M | -1.13M |
| Interest & Investment Income | 109.06M | 107.86M | 111.56M | 59.53M | 7.19M | 1.57M |
| EBT Excluding Unusual Items | -249.40M | -387.53M | -452.98M | -797.85M | -882.42M | -531.23M |
| Merger & Restructuring Charges | -7.67M | -7.67M | -214.15M | |||
| Pretax Income | -588.82M | -395.20M | -667.13M | -797.85M | -882.42M | -531.23M |
| Income Tax Expense | -3.00M | 6.29M | -2.85M | 28.48M | 37.06M | 1.38M |
| Earnings From Continuing Operations | -585.82M | -401.49M | -664.29M | -826.32M | -919.49M | -532.61M |
| Minority Interest in Earnings | -1.72M | -1.27M | 173.00K | 4.31M | -1.57M | |
| Net Income | -587.54M | -402.76M | -664.11M | -822.01M | -921.06M | -532.61M |
| Net Income to Common | -587.54M | -402.76M | -664.11M | -822.01M | -921.06M | -532.61M |
| Shares Outstanding (Basic) | 431.60M | 420.91M | 395.95M | 380.46M | 310.50M | 282.19M |
| Shares Outstanding (Diluted) | 431.60M | 420.91M | 395.95M | 380.46M | 310.50M | 282.19M |
| EPS (Basic) | -1.36 | -0.96 | -1.68 | -2.16 | -2.97 | -1.89 |
| EPS (Diluted) | -1.36 | -0.96 | -1.68 | -2.16 | -2.97 | -1.89 |
| Free Cash Flow | 538.39M | 403.93M | 286.00M | 178.78M | -116.57M | -153.39M |
| Free Cash Flow Per Share | 1.25 | 0.96 | 0.72 | 0.47 | -0.38 | -0.54 |
| Gross Margin | 76.13% | 74.27% | 74.32% | 66.46% | 68.19% | 77.16% |
| Operating Margin | -16.48% | -25.49% | -29.84% | -38.07% | -63.42% | -47.88% |
| Profit Margin | -28.97% | -21.77% | -36.63% | -37.58% | -66.22% | -47.96% |
| Free Cash Flow Margin | 26.54% | 21.84% | 15.77% | 8.17% | -8.38% | -13.81% |
| EBITDA | 146.20M | -10.44M | -132.01M | -268.88M | -670.64M | -467.10M |
| EBITDA Margin | 7.21% | -0.56% | -7.28% | -12.29% | -48.21% | -42.06% |
| D&A For EBITDA | 480.53M | 460.94M | 408.98M | 563.92M | 211.58M | 64.57M |
| EBIT | -334.33M | -471.38M | -541.00M | -832.79M | -882.21M | -531.66M |
| EBIT Margin | -16.48% | -25.49% | -29.84% | -38.07% | -63.42% | -47.88% |
| Advertising Expenses | 8.20M | 10.10M | 12.60M | 18.80M | 24.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.35B | 2.06B | 1.52B | 1.59B | 1.49B | 1.06B |
| Short-Term Investments | 101.71M | 681.32M | ||||
| Cash & Short-Term Investments | 2.35B | 2.06B | 1.52B | 1.59B | 1.59B | 1.74B |
| Receivables | 688.74M | 643.61M | 573.88M | 611.72M | 633.77M | 340.49M |
| Prepaid Expenses | 79.19M | 107.61M | 127.30M | 116.04M | 135.27M | 65.62M |
| Other Current Assets | 60.43M | 5.40M | 6.50M | 6.80M | 8.80M | 7.90M |
| Total Current Assets | 3.18B | 2.81B | 2.23B | 2.32B | 2.36B | 2.15B |
| Property, Plant & Equipment | 110.05M | 130.50M | 177.38M | 254.14M | 242.40M | 204.50M |
| Goodwill | 3.16B | 3.17B | 3.17B | 3.17B | 3.20B | 1.62B |
| Other Intangible Assets | 163.14M | 650.54M | 1.07B | 1.41B | 1.92B | 814.39M |
| Long-Term Deferred Charges | 2.20M | 2.80M | 5.40M | 4.80M | 5.30M | 8.70M |
| Other Long-Term Assets | 49.92M | 75.00M | 96.74M | 86.56M | 98.46M | 42.52M |
| Total Assets | 6.66B | 6.84B | 6.74B | 7.24B | 7.83B | 4.84B |
| Accounts Payable | 10.43M | 13.98M | 13.95M | 14.52M | 20.22M | 14.01M |
| Accrued Expenses | 249.11M | 170.49M | 164.75M | 177.76M | 194.26M | 145.49M |
| Current Portion of Long-Term Debt | 557.17M | 556.45M | ||||
| Current Portion of Leases | 30.03M | 28.42M | 33.70M | 39.13M | 34.47M | 23.73M |
| Current Income Taxes Payable | 100.63M | 96.50M | 90.81M | 97.61M | 64.76M | |
| Current Unearned Revenue | 237.35M | 224.41M | 186.30M | 186.77M | 218.10M | 140.53M |
| Other Current Liabilities | 485.61M | 431.49M | 394.28M | 385.11M | 445.62M | 237.64M |
| Total Current Liabilities | 1.57B | 1.53B | 889.49M | 894.10M | 1.01B | 626.15M |
| Long-Term Debt | 1.68B | 1.68B | 2.24B | 2.71B | 2.71B | 1.70B |
| Long-Term Leases | 53.46M | 60.96M | 81.09M | 111.67M | 107.78M | 92.54M |
| Long-Term Unearned Revenue | 20.28M | 14.04M | 16.85M | 6.01M | 103.44M | 15.95M |
| Other Long-Term Liabilities | 30.70M | 61.70M | 83.91M | 105.53M | 151.18M | 9.29M |
| Total Liabilities | 3.35B | 3.34B | 3.31B | 3.83B | 4.08B | 2.45B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 7.54B | 7.38B | 6.94B | 6.26B | 5.78B | 3.73B |
| Retained Earnings | -4.51B | -4.14B | -3.74B | -3.07B | -2.25B | -1.33B |
| Comprehensive Income & Other | 3.28M | -2.16M | -9.43M | -5.01M | -1.69M | -3.86M |
| Total Common Equity | 3.03B | 3.24B | 3.19B | 3.18B | 3.53B | 2.39B |
| Minority Interest | 273.00M | 258.70M | 236.48M | 231.74M | 225.86M | |
| Shareholders' Equity | 3.31B | 3.50B | 3.43B | 3.41B | 3.75B | 2.39B |
| Total Liabilities & Equity | 6.66B | 6.84B | 6.74B | 7.24B | 7.83B | 4.84B |
| Total Debt | 2.32B | 2.32B | 2.35B | 2.86B | 2.85B | 1.82B |
| Net Cash (Debt) | 31.09M | -268.89M | -836.05M | -1.27B | -1.26B | -82.20M |
| Net Cash Per Share | 0.07 | -0.64 | -2.11 | -3.34 | -4.07 | -0.29 |
| Filing Date Shares Outstanding | 440.09M | 432.99M | 409.66M | 385.94M | 374.76M | 294.10M |
| Total Common Shares Outstanding | 439.99M | 432.86M | 409.39M | 384.87M | 374.24M | 292.59M |
| Working Capital | 1.61B | 1.29B | 1.34B | 1.43B | 1.35B | 1.52B |
| Book Value Per Share | 6.90 | 7.48 | 7.79 | 8.27 | 9.43 | 8.18 |
| Tangible Book Value | -284.86M | -579.42M | -1.04B | -1.39B | -1.59B | -40.12M |
| Tangible Book Value Per Share | -0.65 | -1.34 | -2.54 | -3.61 | -4.26 | -0.14 |
| Machinery | 22.40M | 28.65M | 32.09M | 135.18M | 102.87M | |
| Construction In Progress | 2.89M | 14.07M | 33.77M | 10.44M | 12.07M | |
| Leasehold Improvements | 49.66M | 76.86M | 105.10M | 99.87M | 84.01M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -587.54M | -402.76M | -664.11M | -822.01M | -921.06M | -532.61M |
| Depreciation & Amortization | 480.53M | 460.94M | 408.98M | 563.92M | 211.58M | 64.57M |
| Asset Writedown & Restructuring Costs | 280.79M | 5.88M | 22.79M | |||
| Stock-Based Compensation | 341.93M | 385.21M | 596.25M | 648.70M | 550.07M | 347.16M |
| Other Operating Activities | 8.58M | -45.16M | -38.23M | 20.30M | 22.99M | 13.84M |
| Change in Accounts Receivable | -114.38M | -69.08M | 37.36M | 21.79M | -9.55M | -65.15M |
| Change in Accounts Payable | -1.66M | -545.00K | 742.00K | -6.31M | -17.57M | 2.02M |
| Change in Unearned Revenue | 20.66M | 33.82M | 11.19M | -128.22M | 166.82M | 15.75M |
| Change in Other Net Operating Assets | 109.84M | 54.64M | -59.41M | -63.46M | -62.70M | 42.97M |
| Operating Cash Flow | 553.74M | 422.95M | 315.55M | 234.70M | -59.43M | -111.45M |
| Capital Expenditures | -15.35M | -19.02M | -29.55M | -55.92M | -57.14M | -41.94M |
| Cash Acquisitions | 121.53M | -1.58B | ||||
| Sale (Purchase) of Intangibles | -3.00M | -3.00M | -12.86M | |||
| Investment in Securities | -2.00M | 99.96M | 658.84M | -215.34M | ||
| Investing Cash Flow | -18.35M | -24.02M | -42.41M | 44.04M | 723.23M | -1.84B |
| Long-Term Debt Issued | 690.00M | 1.00B | 1.73B | |||
| Total Debt Issued | 690.00M | 1.00B | 1.73B | |||
| Long-Term Debt Repaid | -641.69M | -415.00M | ||||
| Total Debt Repaid | -641.69M | -415.00M | ||||
| Net Debt Issued (Repaid) | 48.31M | -415.00M | 1.00B | 1.73B | ||
| Issuance of Common Stock | 104.25M | 119.45M | 76.69M | 75.98M | 63.49M | 66.70M |
| Repurchase of Common Stock | -250.00M | -1.50B | ||||
| Other Financing Activities | -57.67M | 209.87M | -70.70M | |||
| Financing Cash Flow | 104.25M | 110.09M | -338.31M | -174.01M | -226.63M | 1.72B |
| Foreign Exchange Rate Adjustments | 15.97M | 27.40M | -11.22M | -6.15M | 1.93M | 459.00K |
| Net Cash Flow | 655.61M | 536.42M | -76.39M | 98.58M | 439.09M | -227.35M |
| Free Cash Flow | 538.39M | 403.93M | 286.00M | 178.78M | -116.57M | -153.39M |
| Free Cash Flow Margin | 26.54% | 21.84% | 15.77% | 8.17% | -8.38% | -13.81% |
| Free Cash Flow Per Share | 1.25 | 0.96 | 0.72 | 0.47 | -0.38 | -0.54 |
| Levered Free Cash Flow | 599.62M | 550.79M | 637.68M | 543.27M | 158.05M | 76.03M |
| Unlevered Free Cash Flow | 614.71M | 565.79M | 652.40M | 558.63M | 162.68M | 76.74M |
| Cash Interest Paid | 20.00M | 20.00M | 20.00M | 20.39M | 110.00K | |
| Cash Income Tax Paid | 22.67M | 10.59M | 26.36M | 22.47M | 25.21M | 5.65M |
| Change in Working Capital | 14.46M | 18.84M | -10.12M | -176.20M | 77.00M | -4.41M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.59B | 18.90B | 9.05B | 15.54B | 11.52B | 41.79B |
| Enterprise Value | 16.56B | 19.58B | 10.25B | 17.12B | 11.65B | 40.63B |
| Last Close Price | 37.70 | 44.17 | 22.47 | 40.89 | 28.59 | 142.99 |
| Forward PE | 25.27 | 50.93 | 30.39 | 40.82 | 205.24 | |
| PS Ratio | 8.18 | 10.22 | 4.99 | 7.10 | 8.28 | 37.63 |
| PB Ratio | 5.47 | 5.41 | 2.64 | 4.55 | 3.07 | 17.45 |
| P/FCF Ratio | 30.82 | 46.79 | 31.65 | 86.92 | ||
| P/OCF Ratio | 29.96 | 44.69 | 28.69 | 66.21 | ||
| PEG Ratio | 0.61 | 5.66 | 0.50 | 0.42 | ||
| EV/Sales Ratio | 8.16 | 10.59 | 5.65 | 7.83 | 8.37 | 36.59 |
| EV/FCF Ratio | 30.76 | 48.48 | 35.83 | 95.73 | ||
| Debt / Equity Ratio | 0.70 | 0.67 | 0.69 | 0.84 | 0.76 | 0.76 |
| Debt / EBITDA Ratio | 13.30 | 108.55 | ||||
| Debt / FCF Ratio | 4.31 | 5.75 | 8.23 | 16.01 | ||
| Net Debt / Equity Ratio | -0.01 | 0.08 | 0.24 | 0.37 | 0.34 | 0.03 |
| Net Debt / EBITDA Ratio | -0.21 | -25.76 | -6.33 | -4.73 | -1.88 | -0.18 |
| Net Debt / FCF Ratio | -0.06 | 0.67 | 2.92 | 7.12 | -10.83 | -0.54 |
| Asset Turnover | 0.30 | 0.27 | 0.26 | 0.29 | 0.22 | 0.30 |
| Quick Ratio | 1.94 | 1.77 | 2.35 | 2.46 | 2.20 | 3.32 |
| Current Ratio | 2.03 | 1.84 | 2.50 | 2.60 | 2.34 | 3.44 |
| Return on Equity (ROE) | -17.38% | -11.60% | -19.42% | -23.05% | -29.91% | -24.04% |
| Return on Assets (ROA) | -3.12% | -4.34% | -4.84% | -6.90% | -8.70% | -8.85% |
| Return on Capital Employed (ROCE) | -6.60% | -8.90% | -9.30% | -13.10% | -12.90% | -12.60% |
| Earnings Yield | -3.61% | -2.13% | -7.34% | -5.29% | -7.99% | -1.27% |
| FCF Yield | 3.25% | 2.14% | 3.16% | 1.15% | -1.01% | -0.37% |
| Buyback Yield / Dilution | -5.69% | -6.30% | -4.07% | -22.53% | -10.03% | -66.02% |