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Unisys Financials

UIS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Unisys (UIS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 22 / 100
Financial Profile 22/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
31

Unisys has an operating margin of 4.0%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 31/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.

Growth
28

Unisys's revenue declined 2.9% year-over-year, from $2.0B to $2.0B. This contraction results in a growth score of 28/100.

Liquidity
26

Unisys's current ratio of 1.53 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow
3

While Unisys generated -$140.0M in operating cash flow, capex of $30.0M consumed most of it, leaving -$170.0M in free cash flow. This results in a low score of 3/100, reflecting heavy capital investment rather than weak cash generation.

Altman Z-Score Distress
-0.41

Unisys scores -0.41, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($149.7M) relative to total liabilities ($2.1B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak
1/9

Unisys passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
0.41x

For every $1 of reported earnings, Unisys generates $0.41 in operating cash flow (-$140.0M OCF vs -$339.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
1.5x

Unisys earns $1.5 in operating income for every $1 of interest expense ($78.5M vs $53.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.0B
YoY-2.9%
5Y CAGR-0.8%
10Y CAGR-4.3%

Unisys generated $2.0B in revenue in fiscal year 2025. This represents a decrease of 2.9% from the prior year.

EBITDA
$102.0M
YoY-16.2%
5Y CAGR-2.7%
10Y CAGR+45.5%

Unisys's EBITDA was $102.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.2% from the prior year.

Net Income
-$339.8M
YoY-75.7%

Unisys reported -$339.8M in net income in fiscal year 2025. This represents a decrease of 75.7% from the prior year.

EPS (Diluted)
$-4.79
YoY-71.7%

Unisys earned $-4.79 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 71.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$170.0M
YoY-265.4%

Unisys generated -$170.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 265.4% from the prior year.

Cash & Debt
$413.9M
YoY+9.9%
5Y CAGR-14.4%
10Y CAGR+1.3%

Unisys held $413.9M in cash against $700.5M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
71M
YoY+2.5%
5Y CAGR+2.5%
10Y CAGR+3.6%

Unisys had 71M shares outstanding in fiscal year 2025. This represents an increase of 2.5% from the prior year.

Margins & Returns

Gross Margin
28.2%
YoY-1.0pp
5Y CAGR+4.3pp
10Y CAGR+10.2pp

Unisys's gross margin was 28.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.0 percentage points from the prior year.

Operating Margin
4.0%
YoY-0.8pp
5Y CAGR-0.3pp
10Y CAGR+5.9pp

Unisys's operating margin was 4.0% in fiscal year 2025, reflecting core business profitability. This is down 0.8 percentage points from the prior year.

Net Margin
-17.4%
YoY-7.8pp
5Y CAGR-54.5pp
10Y CAGR-13.8pp

Unisys's net profit margin was -17.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.8 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$24.6M
YoY-2.4%
5Y CAGR-1.6%
10Y CAGR-10.7%

Unisys invested $24.6M in research and development in fiscal year 2025. This represents a decrease of 2.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$30.0M
YoY-7.1%
5Y CAGR+1.6%
10Y CAGR-4.9%

Unisys invested $30.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.1% from the prior year.

UIS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $574.5M+24.8% $460.2M-4.8% $483.3M+11.8% $432.1M-20.8% $545.4M+9.7% $497.0M+3.9% $478.2M-2.0% $487.8M
Cost of Revenue $379.9M+10.8% $343.0M-2.9% $353.3M+8.8% $324.6M-12.4% $370.4M+5.2% $352.0M+1.1% $348.3M-1.0% $351.8M
Gross Profit $194.6M+66.0% $117.2M-9.8% $130.0M+20.9% $107.5M-38.6% $175.0M+20.7% $145.0M+11.6% $129.9M-4.5% $136.0M
R&D Expenses $8.1M+68.8% $4.8M-21.3% $6.1M+8.9% $5.6M-27.3% $7.7M+18.5% $6.5M+32.7% $4.9M-19.7% $6.1M
SG&A Expenses $109.9M+20.9% $90.9M-2.9% $93.6M-3.3% $96.8M-18.4% $118.7M+29.2% $91.9M-9.4% $101.4M-9.6% $112.2M
Operating Income $76.6M+328.7% -$33.5M-210.6% $30.3M+494.1% $5.1M-89.5% $48.6M+548.0% $7.5M-68.2% $23.6M+33.3% $17.7M
Interest Expense $18.8M+3.3% $18.2M+122.0% $8.2M0.0% $8.2M0.0% $8.2M+3.8% $7.9M0.0% $7.9M0.0% $7.9M
Income Tax $20.9M+28.2% $16.3M-18.5% $20.0M+88.7% $10.6M-63.2% $28.8M-46.0% $53.3M+183.5% $18.8M+10.6% $17.0M
Net Income $18.7M+106.1% -$308.9M-1436.8% -$20.1M+31.9% -$29.5M-198.3% $30.0M+148.5% -$61.9M-415.8% -$12.0M+92.0% -$149.5M
EPS (Diluted) N/A $-4.33-1446.4% $-0.28+33.3% $-0.42 N/A $-0.89-423.5% $-0.17+92.2% $-2.18

UIS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.8B+5.9% $1.7B-2.9% $1.8B-2.4% $1.8B-1.7% $1.9B+0.6% $1.9B-0.3% $1.9B-1.2% $1.9B
Current Assets $1.0B+16.0% $865.6M-3.4% $895.7M-5.7% $950.0M-3.0% $979.3M+3.4% $947.1M+4.3% $907.9M-1.3% $920.3M
Cash & Equivalents $413.9M+28.6% $321.9M+7.0% $300.8M-23.5% $393.1M+4.4% $376.5M+0.7% $373.7M+8.4% $344.9M-9.9% $382.8M
Inventory $13.8M-24.2% $18.2M-34.5% $27.8M+28.7% $21.6M+31.7% $16.4M-18.4% $20.1M+21.8% $16.5M+3.8% $15.9M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $193.8M0.0% $193.8M-22.1% $248.9M+0.3% $248.2M+0.1% $247.9M-0.2% $248.5M-13.5% $287.2M0.0% $287.3M
Total Liabilities $2.1B+4.1% $2.0B+1.3% $2.0B-4.3% $2.1B-2.2% $2.2B+4.5% $2.1B+1.1% $2.0B-0.4% $2.0B
Current Liabilities $655.9M+16.2% $564.4M+4.6% $539.8M-4.9% $567.9M-9.6% $628.0M+7.3% $585.3M-1.2% $592.2M+0.3% $590.2M
Long-Term Debt $700.5M-3.1% $723.2M+4.4% $692.7M+41.9% $488.3M-0.4% $490.4M+0.4% $488.5M-0.1% $489.2M+0.2% $488.4M
Total Equity -$282.6M+5.9% -$300.2M-35.5% -$221.5M+17.3% -$267.8M+5.5% -$283.4M-40.2% -$202.2M-16.1% -$174.1M-9.8% -$158.6M
Retained Earnings -$2.5B+0.7% -$2.5B-14.1% -$2.2B-0.9% -$2.2B-1.4% -$2.1B+1.4% -$2.2B-2.9% -$2.1B-0.6% -$2.1B

UIS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $104.9M+176.1% $38.0M+112.0% -$316.2M-1049.5% $33.3M-56.5% $76.6M+139.4% $32.0M+1085.2% $2.7M-88.7% $23.8M
Capital Expenditures $7.6M+35.7% $5.6M-29.1% $7.9M-11.2% $8.9M-11.9% $10.1M+48.5% $6.8M-21.8% $8.7M+29.9% $6.7M
Free Cash Flow $97.3M+200.3% $32.4M+110.0% -$324.1M-1428.3% $24.4M-63.3% $66.5M+163.9% $25.2M+520.0% -$6.0M-135.1% $17.1M
Investing Cash Flow -$10.2M+12.1% -$11.6M-212.6% $10.3M+150.7% -$20.3M+53.2% -$43.4M-502.8% -$7.2M+74.3% -$28.0M-48.9% -$18.8M
Financing Cash Flow -$2.1M+4.5% -$2.2M-101.1% $194.3M+4957.5% -$4.0M+9.1% -$4.4M-144.4% -$1.8M+57.1% -$4.2M+45.5% -$7.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

UIS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 33.9%+8.4pp 25.5%-1.4pp 26.9%+2.0pp 24.9%-7.2pp 32.1%+2.9pp 29.2%+2.0pp 27.2%-0.7pp 27.9%
Operating Margin 13.3%+20.6pp -7.3%-13.6pp 6.3%+5.1pp 1.2%-7.7pp 8.9%+7.4pp 1.5%-3.4pp 4.9%+1.3pp 3.6%
Net Margin 3.3%+70.4pp -67.1%-63.0pp -4.2%+2.7pp -6.8%-12.3pp 5.5%+17.9pp -12.4%-9.9pp -2.5%+28.1pp -30.6%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets 1.0%+18.7pp -17.7%-16.6pp -1.1%+0.5pp -1.6%-3.2pp 1.6%+4.9pp -3.3%-2.7pp -0.6%+7.3pp -7.9%
Current Ratio 1.530.0 1.53-0.1 1.66-0.0 1.67+0.1 1.56-0.1 1.62+0.1 1.53-0.0 1.56
Debt-to-Equity -2.48-0.1 -2.41+0.7 -3.13-1.3 -1.82-0.1 -1.73+0.7 -2.42+0.4 -2.81+0.3 -3.08
FCF Margin 16.9%+9.9pp 7.0%+74.1pp -67.1%-72.7pp 5.7%-6.5pp 12.2%+7.1pp 5.1%+6.3pp -1.3%-4.8pp 3.5%

Note: Shareholder equity is negative (-$282.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

Unisys (UIS) reported $2.0B in total revenue for fiscal year 2025. This represents a -2.9% 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.

Unisys (UIS) revenue declined by 2.9% year-over-year, from $2.0B to $2.0B in fiscal year 2025.

No, Unisys (UIS) reported a net income of -$339.8M in fiscal year 2025, with a net profit margin of -17.4%.

Unisys (UIS) reported diluted earnings per share of $-4.79 for fiscal year 2025. This represents a -71.7% 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.

Unisys (UIS) had EBITDA of $102.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Unisys (UIS) had $413.9M in cash and equivalents against $700.5M in long-term debt.

Unisys (UIS) had a gross margin of 28.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Unisys (UIS) had an operating margin of 4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Unisys (UIS) had a net profit margin of -17.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Unisys (UIS) generated -$170.0M in free cash flow during fiscal year 2025. This represents a -265.4% 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.

Unisys (UIS) generated -$140.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Unisys (UIS) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Unisys (UIS) invested $30.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Unisys (UIS) invested $24.6M in research and development during fiscal year 2025.

Unisys (UIS) had 71M shares outstanding as of fiscal year 2025.

Unisys (UIS) had a current ratio of 1.53 as of fiscal year 2025, which is generally considered healthy.

Unisys (UIS) had a debt-to-equity ratio of -2.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Unisys (UIS) had a return on assets of -18.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Unisys (UIS) had $413.9M in cash against an annual operating cash burn of $140.0M. This gives an estimated cash runway of approximately 35 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Unisys (UIS) has negative shareholder equity of -$282.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Unisys (UIS) has an Altman Z-Score of -0.41, placing it in the Distress Zone (elevated 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.

Unisys (UIS) has a Piotroski F-Score of 1 out of 9, indicating weak 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.

Unisys (UIS) has an earnings quality ratio of 0.41x, considered low quality (accrual-driven). 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.

Unisys (UIS) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Unisys (UIS) scores 22 out of 100 on our Financial Profile, indicating weak 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.

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