Ubiquiti Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ubiquiti Inc has an operating margin of 32.5%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 25.9% the prior year.
Ubiquiti Inc's revenue surged 33.4% year-over-year to $2.6B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Ubiquiti Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Ubiquiti Inc's current ratio of 1.65 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Ubiquiti Inc converts 24.4% of revenue into free cash flow ($627.4M). This strong cash generation earns a score of 100/100.
Ubiquiti Inc earns a strong 106.5% return on equity (ROE), meaning it generates $107 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 368.2% the prior year.
Ubiquiti Inc scores 37.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($43.6B) relative to total liabilities ($798.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ubiquiti Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ubiquiti Inc generates $0.90 in operating cash flow ($640.0M OCF vs $711.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Ubiquiti Inc (UI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Ubiquiti Inc generated $2.6B in revenue in fiscal year 2025. This represents an increase of 33.4% from the prior year.
Ubiquiti Inc's EBITDA was $858.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 65.6% from the prior year.
Ubiquiti Inc generated $627.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 18.5% from the prior year.
Ubiquiti Inc reported $711.9M in net income in fiscal year 2025. This represents an increase of 103.4% from the prior year.
Ubiquiti Inc earned $11.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 103.1% from the prior year.
Ubiquiti Inc held $149.7M in cash against $0 in long-term debt as of fiscal year 2025.
Ubiquiti Inc paid $2.40 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Ubiquiti Inc had 60M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Ubiquiti Inc's gross margin was 43.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.1 percentage points from the prior year.
Ubiquiti Inc's operating margin was 32.5% in fiscal year 2025, reflecting core business profitability. This is up 6.6 percentage points from the prior year.
Ubiquiti Inc's net profit margin was 27.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.5 percentage points from the prior year.
Ubiquiti Inc's ROE was 106.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 261.6 percentage points from the prior year.
Ubiquiti Inc invested $169.7M in research and development in fiscal year 2025. This represents an increase of 6.2% from the prior year.
Ubiquiti Inc invested $12.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.1% from the prior year.
UI Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $814.9M+11.1% | $733.8M+10.5% | $664.2M+10.7% | $599.9M+9.0% | $550.3M+11.6% | $493.0M+6.0% | $465.0M+0.4% | $463.1M |
| Cost of Revenue | $440.9M+11.2% | $396.4M+7.6% | $368.3M+4.4% | $352.6M+10.6% | $318.7M-0.1% | $318.9M+11.0% | $287.3M+2.9% | $279.2M |
| Gross Profit | $374.0M+10.8% | $337.4M+14.0% | $295.9M+19.7% | $247.2M+6.7% | $231.6M+33.0% | $174.1M-2.0% | $177.6M-3.4% | $183.9M |
| R&D Expenses | $50.8M+4.7% | $48.5M+9.7% | $44.3M+10.8% | $40.0M+5.2% | $38.0M-10.6% | $42.5M+15.1% | $36.9M+1.7% | $36.3M |
| SG&A Expenses | $30.3M+11.5% | $27.1M+9.7% | $24.8M-13.0% | $28.5M+16.6% | $24.4M+19.8% | $20.4M+3.8% | $19.6M+1.8% | $19.3M |
| Operating Income | $292.9M+11.9% | $261.7M+15.4% | $226.9M+26.9% | $178.8M+5.7% | $169.2M+52.1% | $111.2M-8.2% | $121.1M-5.6% | $128.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $57.7M+13.9% | $50.7M+23.6% | $41.0M+34.1% | $30.6M-0.2% | $30.6M+90.7% | $16.1M-22.5% | $20.7M+7.2% | $19.3M |
| Net Income | $233.6M+12.4% | $207.9M+15.2% | $180.4M+31.9% | $136.8M+6.9% | $128.0M+67.8% | $76.3M-7.1% | $82.1M-6.4% | $87.8M |
| EPS (Diluted) | $3.86+12.5% | $3.43+15.1% | $2.98+31.9% | $2.26+6.6% | $2.12+68.3% | $1.26-7.4% | $1.36-6.2% | $1.45 |
UI Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+7.9% | $1.5B+14.8% | $1.3B+9.7% | $1.2B+2.2% | $1.2B-5.4% | $1.2B-8.3% | $1.3B-3.8% | $1.4B |
| Current Assets | $1.3B+7.7% | $1.2B+10.9% | $1.1B+12.5% | $961.7M+3.8% | $926.5M-7.4% | $1.0B-9.5% | $1.1B-4.2% | $1.2B |
| Cash & Equivalents | $302.8M+70.9% | $177.2M+17.4% | $151.0M+13.4% | $133.1M-19.4% | $165.2M+61.2% | $102.5M+5.0% | $97.6M-10.1% | $108.5M |
| Inventory | $674.7M-0.9% | $680.7M+15.3% | $590.5M+9.9% | $537.3M+20.4% | $446.2M-16.4% | $533.5M-22.0% | $683.6M-3.2% | $706.5M |
| Accounts Receivable | $214.4M-12.6% | $245.3M+10.4% | $222.2M+32.4% | $167.9M-3.8% | $174.5M-7.0% | $187.6M+9.4% | $171.4M+1.6% | $168.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $592.6M-10.5% | $661.8M-23.2% | $862.2M-3.5% | $893.3M-7.9% | $969.8M-19.0% | $1.2B-11.3% | $1.4B-6.9% | $1.5B |
| Current Liabilities | $475.5M-17.0% | $573.1M-26.4% | $778.5M+80.1% | $432.3M+18.7% | $364.1M+43.6% | $253.5M-11.9% | $287.8M-14.9% | $338.1M |
| Long-Term Debt | $47.5M-64.5% | $133.8M | $0-100.0% | $381.1M-27.7% | $527.2M-37.2% | $839.0M-12.4% | $958.1M-4.9% | $1.0B |
| Total Equity | $1.0B+22.6% | $828.4M+90.0% | $436.1M+50.2% | $290.4M+54.4% | $188.1M+627.2% | $25.9M+264.6% | -$15.7M+75.1% | -$63.1M |
| Retained Earnings | $995.8M+22.8% | $810.6M+92.7% | $420.7M+52.1% | $276.6M+57.1% | $176.1M+946.2% | $16.8M+172.6% | -$23.2M+66.4% | -$69.0M |
UI Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $263.9M+33.0% | $198.5M+60.6% | $123.6M-18.9% | $152.4M-34.8% | $233.7M+42.6% | $163.9M+108.5% | $78.6M+16.1% | $67.7M |
| Capital Expenditures | $3.6M-29.6% | $5.2M+82.4% | $2.8M+42.4% | $2.0M-23.7% | $2.6M-19.4% | $3.2M-16.1% | $3.9M+27.3% | $3.0M |
| Free Cash Flow | $260.3M+34.7% | $193.3M+60.1% | $120.7M-19.7% | $150.4M-34.9% | $231.1M+43.9% | $160.6M+114.9% | $74.7M+15.6% | $64.7M |
| Investing Cash Flow | -$3.6M+29.6% | -$5.2M-82.4% | -$2.8M-42.4% | -$2.0M+23.7% | -$2.6M+19.4% | -$3.2M+16.1% | -$3.9M-27.3% | -$3.0M |
| Financing Cash Flow | -$134.7M+18.8% | -$165.8M-61.2% | -$102.9M+43.6% | -$182.5M+5.0% | -$192.2M-23.4% | -$155.7M-81.8% | -$85.7M-20.7% | -$71.0M |
| Dividends Paid | $48.4M0.0% | $48.4M+33.3% | $36.3M0.0% | $36.3M0.0% | $36.3M0.0% | $36.3M0.0% | $36.3M0.0% | $36.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
UI Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.9%-0.1pp | 46.0%+1.4pp | 44.5%+3.3pp | 41.2%-0.9pp | 42.1%+6.8pp | 35.3%-2.9pp | 38.2%-1.5pp | 39.7% |
| Operating Margin | 35.9%+0.3pp | 35.7%+1.5pp | 34.2%+4.4pp | 29.8%-0.9pp | 30.8%+8.2pp | 22.6%-3.5pp | 26.1%-1.7pp | 27.7% |
| Net Margin | 28.7%+0.3pp | 28.3%+1.2pp | 27.2%+4.4pp | 22.8%-0.5pp | 23.3%+7.8pp | 15.5%-2.2pp | 17.7%-1.3pp | 18.9% |
| Return on Equity | 23.0%-2.1pp | 25.1%-16.3pp | 41.4%-5.7pp | 47.1%-20.9pp | 68.0%-226.8pp | 294.9% | N/A | N/A |
| Return on Assets | 14.5%+0.6pp | 14.0%+0.1pp | 13.9%+2.3pp | 11.6%+0.5pp | 11.1%+4.8pp | 6.2%+0.1pp | 6.2%-0.2pp | 6.3% |
| Current Ratio | 2.72+0.6 | 2.09+0.7 | 1.39-0.8 | 2.22-0.3 | 2.54-1.4 | 3.95+0.1 | 3.84+0.4 | 3.41 |
| Debt-to-Equity | 0.05-0.1 | 0.16+0.2 | 0.00-1.3 | 1.31-1.5 | 2.80-29.6 | 32.43+93.4 | -60.94-45.0 | -15.97 |
| FCF Margin | 31.9%+5.6pp | 26.3%+8.2pp | 18.2%-6.9pp | 25.1%-16.9pp | 42.0%+9.4pp | 32.6%+16.5pp | 16.1%+2.1pp | 14.0% |
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Frequently Asked Questions
What is Ubiquiti Inc's annual revenue?
Ubiquiti Inc (UI) reported $2.6B in total revenue for fiscal year 2025. This represents a 33.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ubiquiti Inc's revenue growing?
Ubiquiti Inc (UI) revenue grew by 33.4% year-over-year, from $1.9B to $2.6B in fiscal year 2025.
Is Ubiquiti Inc profitable?
Yes, Ubiquiti Inc (UI) reported a net income of $711.9M in fiscal year 2025, with a net profit margin of 27.7%.
What is Ubiquiti Inc's earnings per share (EPS)?
Ubiquiti Inc (UI) reported diluted earnings per share of $11.76 for fiscal year 2025. This represents a 103.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ubiquiti Inc's EBITDA?
Ubiquiti Inc (UI) had EBITDA of $858.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ubiquiti Inc have?
As of fiscal year 2025, Ubiquiti Inc (UI) had $149.7M in cash and equivalents against $0 in long-term debt.
What is Ubiquiti Inc's gross margin?
Ubiquiti Inc (UI) had a gross margin of 43.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ubiquiti Inc's operating margin?
Ubiquiti Inc (UI) had an operating margin of 32.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ubiquiti Inc's net profit margin?
Ubiquiti Inc (UI) had a net profit margin of 27.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ubiquiti Inc pay dividends?
Yes, Ubiquiti Inc (UI) paid $2.40 per share in dividends during fiscal year 2025.
What is Ubiquiti Inc's return on equity (ROE)?
Ubiquiti Inc (UI) has a return on equity of 106.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ubiquiti Inc's free cash flow?
Ubiquiti Inc (UI) generated $627.4M in free cash flow during fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ubiquiti Inc's operating cash flow?
Ubiquiti Inc (UI) generated $640.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ubiquiti Inc's total assets?
Ubiquiti Inc (UI) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ubiquiti Inc's capital expenditures?
Ubiquiti Inc (UI) invested $12.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ubiquiti Inc spend on research and development?
Ubiquiti Inc (UI) invested $169.7M in research and development during fiscal year 2025.
How many shares does Ubiquiti Inc have outstanding?
Ubiquiti Inc (UI) had 60M shares outstanding as of fiscal year 2025.
What is Ubiquiti Inc's current ratio?
Ubiquiti Inc (UI) had a current ratio of 1.65 as of fiscal year 2025, which is generally considered healthy.
What is Ubiquiti Inc's debt-to-equity ratio?
Ubiquiti Inc (UI) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ubiquiti Inc's return on assets (ROA)?
Ubiquiti Inc (UI) had a return on assets of 48.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ubiquiti Inc's Altman Z-Score?
Ubiquiti Inc (UI) has an Altman Z-Score of 37.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ubiquiti Inc's Piotroski F-Score?
Ubiquiti Inc (UI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ubiquiti Inc's earnings high quality?
Ubiquiti Inc (UI) has an earnings quality ratio of 0.90x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Ubiquiti Inc?
Ubiquiti Inc (UI) scores 91 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.