Unity Bancorp Financials
This page shows Unity Bancorp (UNTY) 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).
Unity’s engine is balance-sheet expansion: a larger asset base is producing more profit while retained earnings gradually thicken the capital cushion.
In FY2025, net income reached$58.0M while operating cash flow stayed near$44.9M , reversing the prior two years when cash roughly matched or exceeded earnings. That gap, alongside continued asset growth and still-rising returns, implies the profit step-up came more from deploying a bigger balance sheet than from a cleaner cash-conversion profile or a one-time expense reset.
Return on assets rose to
Total equity increased to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Unity Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Unity Bancorp's revenue grew 11.5% year-over-year to $173.6M, a solid pace of expansion. This earns a growth score of 50/100.
Unity Bancorp has elevated debt relative to equity (D/E of 7.58), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Unity Bancorp converts 25.5% of revenue into free cash flow ($44.3M). This strong cash generation earns a score of 96/100.
Unity Bancorp's ROE of 16.8% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 14.0% the prior year.
Unity Bancorp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Unity Bancorp generates $0.77 in operating cash flow ($44.9M OCF vs $58.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Unity Bancorp generated $173.6M in revenue in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Unity Bancorp reported $58.0M in net income in fiscal year 2025. This represents an increase of 39.8% from the prior year.
Unity Bancorp earned $5.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 39.7% from the prior year.
Cash & Balance Sheet
Unity Bancorp generated $44.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 6.2% from the prior year.
Unity Bancorp held $216.5M in cash against $0 in long-term debt as of fiscal year 2025.
Unity Bancorp paid $0.58 per share in dividends in fiscal year 2025. This represents an increase of 11.5% from the prior year.
Unity Bancorp had 10M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Margins & Returns
Unity Bancorp's net profit margin was 33.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.8 percentage points from the prior year.
Unity Bancorp's ROE was 16.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.7 percentage points from the prior year.
Capital Allocation
Unity Bancorp spent $5.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 18.9% from the prior year.
Unity Bancorp invested $564K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 18.6% from the prior year.
UNTY Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.2M-1.5% | $45.9M+3.4% | $44.4M+4.1% | $42.6M+4.4% | $40.8M+1.3% | $40.3M+1.8% | $39.5M+4.1% | $38.0M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.7M-34.9% | $13.3M+57.9% | $8.4M+3.3% | $8.2M+3.3% | $7.9M-37.4% | $12.6M+73.5% | $7.3M+2.1% | $7.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $14.4M-0.3% | $14.5M0.0% | $14.5M+3.3% | $14.0M+3.6% | $13.6M-1.6% | $13.8M-6.3% | $14.7M+0.9% | $14.6M |
| Income Tax | $4.2M-0.5% | $4.2M-5.7% | $4.5M-11.1% | $5.0M+31.7% | $3.8M+28.2% | $3.0M-18.5% | $3.7M+18.3% | $3.1M |
| Net Income | $14.3M-7.7% | $15.5M+7.5% | $14.4M-12.7% | $16.5M+42.2% | $11.6M+0.8% | $11.5M+5.5% | $10.9M+15.3% | $9.5M |
| EPS (Diluted) | $1.40-7.9% | $1.52+7.8% | $1.41-12.4% | $1.61+42.5% | $1.130.0% | $1.13+5.6% | $1.07+16.3% | $0.92 |
UNTY Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0B+2.0% | $3.0B+3.1% | $2.9B-1.8% | $2.9B+5.8% | $2.8B+4.3% | $2.7B+0.7% | $2.6B+1.4% | $2.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $229.2M+5.8% | $216.5M+6.4% | $203.5M-30.7% | $293.7M+38.8% | $211.6M+17.3% | $180.4M-7.2% | $194.5M-1.5% | $197.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M0.0% | $1.5M | N/A | N/A |
| Total Liabilities | $2.7B+1.8% | $2.6B+3.1% | $2.5B-2.5% | $2.6B+6.0% | $2.5B+4.4% | $2.4B+0.3% | $2.4B+1.2% | $2.3B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $230.8M | N/A | N/A |
| Total Equity | $358.1M+3.6% | $345.6M+3.5% | $334.0M+4.4% | $319.8M+4.5% | $306.1M+3.6% | $295.6M+4.0% | $284.3M+4.0% | $273.4M |
| Retained Earnings | $256.6M+5.2% | $243.9M-8.1% | $265.5M+5.1% | $252.6M+6.4% | $237.5M+4.5% | $227.3M+4.7% | $217.1M+4.6% | $207.5M |
UNTY Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.9M+118.4% | $6.8M-85.0% | $45.5M+279.9% | -$25.3M-241.8% | $17.9M-22.4% | $23.0M+30.4% | $17.7M+308.9% | -$8.4M |
| Capital Expenditures | $425K+466.4% | -$116K-154.2% | $214K+14.4% | $187K-33.0% | $279K-17.7% | $339K+143.9% | $139K+1.5% | $137K |
| Free Cash Flow | $14.5M+115.9% | $6.7M-85.2% | $45.3M+277.7% | -$25.5M-245.1% | $17.6M-22.5% | $22.7M+29.5% | $17.5M+304.0% | -$8.6M |
| Investing Cash Flow | -$47.5M+32.0% | -$69.9M-1.1% | -$69.1M-97.0% | -$35.1M+57.6% | -$82.8M-87.1% | -$44.2M+4.9% | -$46.5M-4939.0% | $961K |
| Financing Cash Flow | $45.2M-40.5% | $76.1M+214.1% | -$66.7M-146.8% | $142.5M+48.4% | $96.1M+1241.2% | $7.2M-72.4% | $25.9M+18.3% | $21.9M |
| Dividends Paid | $1.5M+6.0% | $1.5M+0.7% | $1.4M+7.0% | $1.4M-0.2% | $1.4M+7.2% | $1.3M+1.3% | $1.2M0.0% | $1.2M |
| Share Buybacks | $324K-89.6% | $3.1M | $0 | N/A | N/A | $11K-96.1% | $281K-84.7% | $1.8M |
UNTY Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 31.6%-2.1pp | 33.7%+1.3pp | 32.4%-6.3pp | 38.7%+10.3pp | 28.4%-0.1pp | 28.6%+1.0pp | 27.6%+2.7pp | 24.9% |
| Return on Equity | 4.0%-0.5pp | 4.5%+0.2pp | 4.3%-0.9pp | 5.2%+1.4pp | 3.8%-0.1pp | 3.9%+0.1pp | 3.8%+0.4pp | 3.5% |
| Return on Assets | 0.5%-0.0pp | 0.5%+0.0pp | 0.5%-0.1pp | 0.6%+0.1pp | 0.4%-0.0pp | 0.4%+0.0pp | 0.4%+0.1pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 7.45-0.1 | 7.58-0.0 | 7.61-0.5 | 8.16+0.1 | 8.04+7.3 | 0.78-7.5 | 8.27-0.2 | 8.50 |
| FCF Margin | 32.1%+17.5pp | 14.6%-87.5pp | 102.2%+162.1pp | -59.9%-103.0pp | 43.1%-13.3pp | 56.3%+12.0pp | 44.3%+66.9pp | -22.6% |
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Frequently Asked Questions
What is Unity Bancorp's annual revenue?
Unity Bancorp (UNTY) reported $173.6M in total revenue for fiscal year 2025. This represents a 11.5% 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 Unity Bancorp's revenue growing?
Unity Bancorp (UNTY) revenue grew by 11.5% year-over-year, from $155.7M to $173.6M in fiscal year 2025.
Is Unity Bancorp profitable?
Yes, Unity Bancorp (UNTY) reported a net income of $58.0M in fiscal year 2025, with a net profit margin of 33.4%.
What is Unity Bancorp's net profit margin?
Unity Bancorp (UNTY) had a net profit margin of 33.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Unity Bancorp pay dividends?
Yes, Unity Bancorp (UNTY) paid $0.58 per share in dividends during fiscal year 2025.
What is Unity Bancorp's return on equity (ROE)?
Unity Bancorp (UNTY) has a return on equity of 16.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Unity Bancorp's free cash flow?
Unity Bancorp (UNTY) generated $44.3M in free cash flow during fiscal year 2025. This represents a -6.2% 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 Unity Bancorp's operating cash flow?
Unity Bancorp (UNTY) generated $44.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Unity Bancorp's total assets?
Unity Bancorp (UNTY) had $3.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Unity Bancorp's capital expenditures?
Unity Bancorp (UNTY) invested $564K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Unity Bancorp's debt-to-equity ratio?
Unity Bancorp (UNTY) had a debt-to-equity ratio of 7.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Unity Bancorp's return on assets (ROA)?
Unity Bancorp (UNTY) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Unity Bancorp's Piotroski F-Score?
Unity Bancorp (UNTY) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Unity Bancorp's earnings high quality?
Unity Bancorp (UNTY) has an earnings quality ratio of 0.77x, 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 Unity Bancorp?
Unity Bancorp (UNTY) scores 32 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.