NYSE : UI
Ubiquiti Inc. — Financial statements
Technology · Communication Equipment · United States
Last price 563.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 34.13B
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Financial statements
Ubiquiti Inc. (UI) reported revenue of 3.27B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.27B | 3.27B | 2.57B | 1.93B | 1.94B | 1.69B |
| Cost of Revenue | 1.76B | 1.76B | 1.46B | 1.19B | 1.18B | 1.02B |
| Gross Profit | 1.51B | 1.51B | 1.12B | 739.76M | 760.73M | 669.81M |
| Selling, General & Admin | 121.77M | 121.77M | 111.50M | 81.00M | 70.99M | 69.86M |
| Research & Development | 204.17M | 204.17M | 169.67M | 159.77M | 145.17M | 137.69M |
| Operating Expenses | 325.93M | 325.93M | 281.17M | 240.76M | 216.16M | 207.55M |
| Operating Income | 1.19B | 1.19B | 836.28M | 499.00M | 544.57M | 462.26M |
| Interest Expense | -2.37M | -2.37M | -30.63M | -75.17M | -58.22M | -17.82M |
| EBT Excluding Unusual Items | 1.18B | 1.18B | 805.65M | 423.83M | 486.34M | 444.45M |
| Pretax Income | 1.18B | 1.18B | 805.65M | 423.83M | 486.34M | 444.45M |
| Income Tax Expense | 222.77M | 222.77M | 93.73M | 73.87M | 78.70M | 65.79M |
| Net Income | 960.30M | 960.30M | 711.92M | 349.96M | 407.64M | 378.66M |
| Net Income to Common | 960.30M | 960.30M | 711.92M | 349.96M | 407.64M | 378.66M |
| Shares Outstanding (Basic) | 60.51M | 60.51M | 60.48M | 60.45M | 60.44M | 61.69M |
| Shares Outstanding (Diluted) | 60.57M | 60.57M | 60.53M | 60.46M | 60.45M | 61.72M |
| EPS (Basic) | 15.87 | 15.87 | 11.77 | 5.79 | 6.75 | 6.14 |
| EPS (Diluted) | 15.85 | 15.85 | 11.76 | 5.79 | 6.74 | 6.13 |
| Free Cash Flow | 908.94M | 908.94M | 627.44M | 529.54M | -166.36M | 356.79M |
| Free Cash Flow Per Share | 15.01 | 15.01 | 10.37 | 8.76 | -2.75 | 5.78 |
| Dividend Per Share | 3.40 | 3.40 | 2.60 | 2.40 | 2.40 | 2.40 |
| Gross Margin | 46.16% | 46.16% | 43.42% | 38.36% | 39.20% | 39.59% |
| Operating Margin | 36.21% | 36.21% | 32.50% | 25.87% | 28.06% | 27.33% |
| Profit Margin | 29.33% | 29.33% | 27.66% | 18.15% | 21.01% | 22.38% |
| Free Cash Flow Margin | 27.76% | 27.76% | 24.38% | 27.46% | -8.57% | 21.09% |
| EBITDA | 1.20B | 1.20B | 858.18M | 518.25M | 560.86M | 475.95M |
| EBITDA Margin | 36.79% | 36.79% | 33.35% | 26.87% | 28.90% | 28.13% |
| D&A For EBITDA | 18.94M | 18.94M | 21.90M | 19.25M | 16.29M | 13.69M |
| EBIT | 1.19B | 1.19B | 836.28M | 499.00M | 544.57M | 462.26M |
| EBIT Margin | 36.21% | 36.21% | 32.50% | 25.87% | 28.06% | 27.33% |
| Effective Tax Rate | 18.83% | 18.83% | 11.63% | 17.43% | 16.18% | 14.80% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 522.58M | 522.58M | 149.73M | 126.34M | 114.83M | 136.22M |
| Short-Term Investments | 88.62M | 88.62M | 109.00K | 427.00K | ||
| Cash & Short-Term Investments | 611.20M | 611.20M | 149.73M | 126.34M | 114.94M | 136.65M |
| Receivables | 301.69M | 301.69M | 244.62M | 169.15M | 167.79M | 119.63M |
| Inventory | 780.44M | 780.44M | 675.10M | 462.03M | 737.12M | 262.44M |
| Prepaid Expenses | 60.08M | 60.08M | 48.23M | 35.03M | 21.97M | 13.19M |
| Other Current Assets | 81.06M | 81.06M | 55.55M | 123.46M | 125.23M | 89.66M |
| Total Current Assets | 1.83B | 1.83B | 1.17B | 916.01M | 1.17B | 621.57M |
| Property, Plant & Equipment | 151.76M | 151.76M | 118.15M | 128.89M | 144.33M | 144.46M |
| Other Intangible Assets | 1.74M | 1.74M | 2.63M | 4.16M | 5.70M | 7.23M |
| Long-Term Deferred Tax Assets | 143.86M | 143.86M | 107.97M | 35.93M | 23.70M | 6.62M |
| Other Long-Term Assets | 66.35M | 66.35M | 64.48M | 69.41M | 65.63M | 64.83M |
| Total Assets | 2.20B | 2.20B | 1.47B | 1.15B | 1.41B | 844.71M |
| Accounts Payable | 432.22M | 432.22M | 164.79M | 51.09M | 154.16M | 83.66M |
| Accrued Expenses | 54.85M | 54.85M | 45.18M | 35.05M | 30.76M | 48.47M |
| Current Portion of Long-Term Debt | 249.56M | 36.51M | 36.51M | 23.86M | ||
| Current Portion of Leases | 14.69M | 14.69M | 12.40M | 13.72M | 14.33M | 12.74M |
| Current Income Taxes Payable | 10.76M | 10.76M | 40.73M | 23.48M | 19.31M | 14.06M |
| Current Unearned Revenue | 56.52M | 56.52M | 38.78M | 21.61M | 19.12M | 21.82M |
| Other Current Liabilities | 57.58M | 57.58M | 159.41M | 103.32M | 77.63M | 106.32M |
| Total Current Liabilities | 626.63M | 626.63M | 710.86M | 284.79M | 351.82M | 310.95M |
| Long-Term Debt | 669.88M | 1.04B | 762.62M | |||
| Long-Term Leases | 65.27M | 65.27M | 35.46M | 37.18M | 46.05M | 54.02M |
| Long-Term Unearned Revenue | 40.87M | 40.87M | 26.02M | 13.42M | 7.77M | 5.82M |
| Long-Term Deferred Tax Liabilities | 349.00K | 349.00K | 334.00K | 492.00K | 226.00K | |
| Other Long-Term Liabilities | 24.83M | 24.83M | 25.53M | 53.60M | 74.88M | 94.17M |
| Total Liabilities | 757.94M | 757.94M | 798.19M | 1.06B | 1.52B | 1.23B |
| Common Stock | 61.00K | 61.00K | 61.00K | 60.00K | 60.00K | 60.00K |
| Additional Paid-In Capital | 22.40M | 22.40M | 17.07M | 10.64M | 4.72M | 650.00K |
| Retained Earnings | 1.42B | 1.42B | 651.12M | 84.36M | -120.51M | -383.11M |
| Comprehensive Income & Other | -474.00K | |||||
| Shareholders' Equity | 1.44B | 1.44B | 668.26M | 95.06M | -115.73M | -382.88M |
| Total Liabilities & Equity | 2.20B | 2.20B | 1.47B | 1.15B | 1.41B | 844.71M |
| Total Debt | 79.96M | 79.96M | 297.42M | 757.29M | 1.14B | 853.26M |
| Net Cash (Debt) | 531.24M | 531.24M | -147.69M | -630.94M | -1.02B | -716.61M |
| Net Cash Per Share | 8.77 | 8.77 | -2.44 | -10.44 | -16.93 | -11.61 |
| Filing Date Shares Outstanding | 60.53M | 60.53M | 60.50M | 60.47M | 60.45M | 60.43M |
| Total Common Shares Outstanding | 60.52M | 60.52M | 60.49M | 60.46M | 60.44M | 60.42M |
| Working Capital | 1.21B | 1.21B | 462.37M | 631.22M | 815.23M | 310.62M |
| Book Value Per Share | 23.80 | 23.80 | 11.05 | 1.57 | -1.91 | -6.34 |
| Tangible Book Value | 1.44B | 1.44B | 665.63M | 90.90M | -121.43M | -390.10M |
| Tangible Book Value Per Share | 23.77 | 23.77 | 11.00 | 1.50 | -2.01 | -6.46 |
| Machinery | 137.71M | 137.71M | 123.23M | 124.06M | 119.33M | 114.95M |
| Leasehold Improvements | 28.97M | 28.97M | 27.58M | 26.26M | 24.97M | 18.59M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 960.30M | 960.30M | 711.92M | 349.96M | 407.64M | 378.66M |
| Depreciation & Amortization | 18.94M | 18.94M | 21.90M | 19.25M | 16.29M | 13.69M |
| Other Amortization | 1.02M | 1.02M | 2.02M | 1.73M | 1.41M | 1.32M |
| Loss (Gain) From Sale of Investments | 88.00K | |||||
| Stock-Based Compensation | 7.44M | 7.44M | 7.21M | 6.36M | 4.73M | 3.52M |
| Provision & Write-off of Bad Debts | 169.00K | 169.00K | 11.46M | -574.00K | 553.00K | |
| Other Operating Activities | -25.67M | -25.67M | -55.13M | 32.70M | -5.86M | 11.07M |
| Change in Accounts Receivable | -57.24M | -57.24M | -86.93M | -1.76M | -48.20M | 52.66M |
| Change in Inventory | -109.50M | -109.50M | -219.87M | 250.66M | -487.92M | -29.57M |
| Change in Accounts Payable | 266.69M | 266.69M | 113.55M | -103.09M | 69.73M | -28.69M |
| Change in Unearned Revenue | 34.21M | 34.21M | 30.12M | 6.59M | -1.32M | -3.59M |
| Change in Income Taxes | -30.68M | -30.68M | -10.81M | -17.11M | -14.04M | -10.29M |
| Change in Other Net Operating Assets | -137.01M | -137.01M | 114.58M | -3.20M | -88.44M | -18.60M |
| Operating Cash Flow | 928.68M | 928.68M | 640.03M | 541.52M | -145.43M | 370.26M |
| Capital Expenditures | -19.74M | -19.74M | -12.59M | -11.97M | -20.93M | -13.47M |
| Investment in Securities | -89.33M | -89.33M | 2.29M | |||
| Investing Cash Flow | -109.07M | -109.07M | -12.59M | -11.97M | -20.93M | -11.18M |
| Long-Term Debt Issued | 30.00M | 665.00M | 345.00M | |||
| Long-Term Debt Repaid | -250.00M | -250.00M | -488.12M | -372.50M | -373.12M | -50.00M |
| Net Debt Issued (Repaid) | -250.00M | -250.00M | -458.12M | -372.50M | 291.88M | 295.00M |
| Issuance of Common Stock | 23.00K | 98.00K | ||||
| Repurchase of Common Stock | -2.12M | -2.12M | -778.00K | -434.00K | -686.00K | -619.32M |
| Common Dividends Paid | -193.63M | -193.63M | -145.15M | -145.09M | -145.04M | -148.06M |
| Other Financing Activities | -1.00M | -1.00M | -1.21M | |||
| Financing Cash Flow | -446.76M | -446.76M | -604.06M | -518.02M | 144.96M | -472.27M |
| Net Cash Flow | 372.85M | 372.85M | 23.39M | 11.52M | -21.40M | -113.19M |
| Free Cash Flow | 908.94M | 908.94M | 627.44M | 529.54M | -166.36M | 356.79M |
| Free Cash Flow Margin | 27.76% | 27.76% | 24.38% | 27.46% | -8.57% | 21.09% |
| Free Cash Flow Per Share | 15.01 | 15.01 | 10.37 | 8.76 | -2.75 | 5.78 |
| Levered Free Cash Flow | 710.34M | 710.34M | 502.59M | 476.27M | -235.09M | 272.28M |
| Unlevered Free Cash Flow | 710.81M | 710.81M | 519.71M | 521.53M | -200.10M | 282.09M |
| Cash Interest Paid | 5.08M | 5.08M | 31.05M | 75.09M | 53.87M | 11.56M |
| Cash Income Tax Paid | 289.97M | 289.97M | 177.24M | 108.57M | 109.69M | 78.18M |
| Change in Working Capital | -33.53M | -33.53M | -59.35M | 132.09M | -570.19M | -38.08M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 34.13B | 32.32B | 24.90B | 8.81B | 10.62B | 15.00B |
| Enterprise Value | 33.60B | 32.02B | 25.13B | 9.63B | 11.62B | 15.64B |
| Last Close Price | 563.81 | 533.14 | 408.77 | 143.48 | 170.03 | 237.83 |
| PE Ratio | 35.57 | 33.66 | 34.98 | 25.16 | 26.06 | 39.60 |
| Forward PE | 31.83 | 32.25 | 45.85 | 19.68 | 21.38 | 36.48 |
| PS Ratio | 10.42 | 9.87 | 9.68 | 4.57 | 5.47 | 8.87 |
| PB Ratio | 23.69 | 22.44 | 37.26 | 92.64 | -91.79 | -39.17 |
| P/TBV Ratio | 23.72 | 22.47 | 37.41 | 96.89 | ||
| P/FCF Ratio | 37.55 | 35.56 | 39.69 | 16.63 | 42.03 | |
| P/OCF Ratio | 36.75 | 34.80 | 38.91 | 16.26 | 40.50 | |
| PEG Ratio | 0.89 | 0.89 | 0.89 | 0.89 | 0.89 | |
| EV/Sales Ratio | 10.26 | 9.78 | 9.77 | 4.99 | 5.99 | 9.24 |
| EV/EBITDA Ratio | 27.89 | 26.59 | 29.29 | 18.58 | 20.72 | 32.85 |
| EV/EBIT Ratio | 28.34 | 27.01 | 30.05 | 19.30 | 21.34 | 33.82 |
| EV/FCF Ratio | 36.96 | 35.23 | 40.06 | 18.19 | 43.82 | |
| Debt / Equity Ratio | 0.06 | 0.06 | 0.45 | 7.97 | -9.84 | -2.23 |
| Debt / EBITDA Ratio | 0.07 | 0.07 | 0.34 | 1.41 | 1.97 | 1.74 |
| Debt / FCF Ratio | 0.09 | 0.09 | 0.47 | 1.43 | 2.39 | |
| Net Debt / Equity Ratio | -0.37 | -0.37 | 0.22 | 6.64 | -8.84 | -1.87 |
| Net Debt / EBITDA Ratio | -0.44 | -0.44 | 0.17 | 1.22 | 1.82 | 1.51 |
| Net Debt / FCF Ratio | -0.58 | -0.58 | 0.23 | 1.19 | -6.15 | 2.01 |
| Asset Turnover | 1.79 | 1.79 | 1.96 | 1.51 | 1.72 | 1.95 |
| Inventory Turnover | 2.42 | 2.42 | 2.56 | 1.98 | 2.36 | 4.12 |
| Quick Ratio | 1.46 | 1.46 | 0.56 | 1.04 | 0.80 | 0.82 |
| Current Ratio | 2.93 | 2.93 | 1.65 | 3.22 | 3.32 | 2.00 |
| Return on Equity (ROE) | 91.09% | 91.09% | 186.53% | |||
| Return on Assets (ROA) | 40.44% | 40.44% | 39.89% | 24.36% | 30.24% | 33.29% |
| Return on Invested Capital (ROIC) | 106.36% | 111.56% | 95.85% | 46.28% | 57.47% | 96.29% |
| Return on Capital Employed (ROCE) | 75.40% | 75.40% | 110.70% | 57.40% | 51.60% | 86.60% |
| Earnings Yield | 2.81% | 2.97% | 2.86% | 3.97% | 3.84% | 2.53% |
| FCF Yield | 2.66% | 2.81% | 2.52% | 6.01% | -1.57% | 2.38% |
| Dividend Yield | 0.71% | 0.64% | 0.63% | 1.65% | 1.37% | 0.97% |
| Payout Ratio | 21.45% | 20.16% | 20.39% | 41.46% | 35.58% | 39.10% |
| Buyback Yield / Dilution | -0.06% | -0.06% | -0.13% | -0.01% | 2.06% | 2.11% |
| Total Shareholder Return | 0.65% | 0.58% | 0.51% | 1.64% | 3.43% | 3.08% |