Ubiquiti (UI) Financials

$470.69 +10.17 (+2.21%)

Closing price 08/8/2025 03:59 PM Eastern

Extended Trading

$475.00 +4.31 (+0.92%)

As of 08/8/2025 07:52 PM Eastern

Annual Income Statements for Ubiquiti

This table shows Ubiquiti's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Income / (Loss) Attributable to Common Shareholders	177	130	214	258	196	323	380	617	379	408	350
Consolidated Net Income / (Loss)	177	130	214	258	196	323	380	617	379	408	350
Net Income / (Loss) Continuing Operations	177	130	214	258	196	323	380	617	379	408	350
Total Pre-Tax Income	195	146	240	285	314	381	450	728	444	486	424
Total Operating Income	196	147	242	290	326	394	478	743	462	545	499
Total Gross Profit	253	262	325	396	444	538	608	912	670	761	740
Total Revenue	572	596	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928
Operating Revenue	572	596	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928
Total Cost of Revenue	319	334	342	470	573	624	676	986	1,022	1,180	1,189
Operating Cost of Revenue	319	334	342	470	573	624	676	986	1,022	1,180	1,189
Total Operating Expenses	58	115	83	106	117	143	130	170	208	216	241
Selling, General & Admin Expense	24	22	33	37	43	43	41	54	70	71	81
Research & Development Expense	34	55	58	69	74	82	89	116	138	145	160
Total Other Income / (Expense), net	-1.33	-1.13	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75
Other Income / (Expense), net	-1.33	-1.13	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75
Income Tax Expense	18	16	26	28	118	59	70	111	66	79	74
Basic Earnings per Share	$2.02	$1.47	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79
Weighted Average Basic Shares Outstanding	87.77M	88.01M	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M
Diluted Earnings per Share	$1.97	$1.45	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79
Weighted Average Diluted Shares Outstanding	89.72M	89.57M	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M
Weighted Average Basic & Diluted Shares Outstanding	87.60M	88.20M	84.40M	81.50M	77.30M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M
Cash Dividends to Common per Share	$0.00	$0.17	$0.00	$0.00	-	$1.00	$1.20	$1.60	$2.40	$2.40	$2.40

This table shows Ubiquiti's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	93	112	99	104	88	82	76	104	128	137	180
Consolidated Net Income / (Loss)	93	112	99	104	88	82	76	104	128	137	180
Net Income / (Loss) Continuing Operations	93	112	99	104	88	82	76	104	128	137	180
Total Pre-Tax Income	111	134	117	124	107	103	92	122	159	167	221
Total Operating Income	122	145	134	144	128	121	111	138	169	179	227
Total Gross Profit	171	198	188	203	184	178	174	204	232	247	296
Total Revenue	498	494	458	491	463	465	493	507	550	600	664
Operating Revenue	498	494	458	491	463	465	493	507	550	600	664
Total Cost of Revenue	327	296	269	288	279	287	319	303	319	353	368
Operating Cost of Revenue	327	296	269	288	279	287	319	303	319	353	368
Total Operating Expenses	49	52	55	59	56	57	63	66	62	68	69
Selling, General & Admin Expense	17	19	17	19	19	20	20	22	24	28	25
Research & Development Expense	33	34	38	41	36	37	42	44	38	40	44
Total Other Income / (Expense), net	-11	-11	-16	-20	-21	-18	-19	-17	-11	-11	-5.42
Other Income / (Expense), net	-11	-11	-16	-20	-21	-18	-19	-17	-11	-11	-5.42
Income Tax Expense	18	22	18	20	19	21	16	18	31	31	41
Basic Earnings per Share	$1.54	$1.86	$1.63	$1.72	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98
Weighted Average Basic Shares Outstanding	60.43M	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M
Diluted Earnings per Share	$1.54	$1.86	$1.63	$1.71	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98
Weighted Average Diluted Shares Outstanding	60.45M	60.45M	60.46M	60.45M	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M
Weighted Average Basic & Diluted Shares Outstanding	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M
Cash Dividends to Common per Share	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60

This table details how cash moves in and out of Ubiquiti's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Change in Cash & Equivalents	119	99	105	53	62	-429	-96	107	-113	-21	12
Net Cash From Operating Activities	121	135	198	112	332	259	460	612	370	-145	542
Net Cash From Continuing Operating Activities	121	135	198	112	332	259	460	612	370	-145	542
Net Income / (Loss) Continuing Operations	177	130	214	258	196	323	380	617	379	408	350
Consolidated Net Income / (Loss)	177	130	214	258	196	323	380	617	379	408	350
Depreciation Expense	2.82	4.97	6.04	7.10	7.31	7.56	7.70	12	14	16	19
Amortization Expense	-	-	0.26	0.26	0.75	0.42	1.76	1.81	1.41	1.41	1.73
Non-Cash Adjustments To Reconcile Net Income	2.37	13	-3.47	-17	25	34	22	-2.57	-63	-23	32
Changes in Operating Assets and Liabilities, net	-61	-13	-19	-135	103	-106	48	-16	39	-548	138
Net Cash From Investing Activities	-4.05	-13	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12
Net Cash From Continuing Investing Activities	-4.05	-13	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12
Purchase of Property, Plant & Equipment	-4.05	-13	-6.25	-7.23	-9.12	-52	-31	-18	-13	-21	-12
Purchase of Investments	-	-	-	0.00	0.00	-220	-28	-1.86	-1.48	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	119	128	0.92	3.77	0.00	0.00
Net Cash From Financing Activities	1.99	-23	-87	-52	-260	-530	-625	-486	-472	145	-518
Net Cash From Continuing Financing Activities	1.99	-23	-87	-52	-260	-530	-625	-486	-472	145	-518
Repayment of Debt	-76	-75	-24	-45	-493	-25	-273	-277	-50	-374	-373
Repurchase of Common Equity	-2.01	-37	-195	-105	-445	-468	-700	-220	-618	0.00	0.00
Payment of Dividends	0.00	-15	-	0.00	0.00	-71	-79	-101	-148	-145	-145
Issuance of Debt	72	100	130	99	719	35	428	113	345	665	0.00
Other Financing Activities, net	8.00	3.78	2.11	-0.19	-41	-0.64	-0.95	-0.87	-1.09	-0.66	-0.43
Cash Interest Paid	1.65	1.29	2.35	5.19	11	23	22	12	12	54	75
Cash Income Taxes Paid	14	13	19	26	9.61	42	75	140	78	110	109

This table details how cash moves in and out of Ubiquiti's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	0.30	23	-6.99	-38	-6.30	-11	4.89	24	39	-32	18
Net Cash From Operating Activities	42	-40	-162	14	68	79	164	231	234	152	124
Net Cash From Continuing Operating Activities	42	-40	-162	14	68	79	164	231	234	152	124
Net Income / (Loss) Continuing Operations	93	112	99	104	88	82	76	104	128	137	180
Consolidated Net Income / (Loss)	93	112	99	104	88	82	76	104	128	137	180
Depreciation Expense	3.69	3.95	4.53	4.13	5.13	4.51	5.07	4.54	6.13	4.58	6.91
Amortization Expense	0.32	0.33	0.33	0.43	0.43	0.43	0.43	0.43	1.04	0.33	0.33
Non-Cash Adjustments To Reconcile Net Income	32	-9.06	-17	-29	-20	17	4.33	31	30	31	15
Changes in Operating Assets and Liabilities, net	-87	-147	-249	-65	-5.40	-26	78	92	68	-20	-80
Net Cash From Investing Activities	-8.66	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83
Net Cash From Continuing Investing Activities	-8.66	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83
Purchase of Property, Plant & Equipment	-8.66	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83
Net Cash From Financing Activities	-33	67	157	-47	-71	-86	-156	-206	-192	-183	-103
Net Cash From Continuing Financing Activities	-33	67	157	-47	-71	-86	-156	-206	-192	-183	-103
Repayment of Debt	-46	-26	-6.25	-296	-34	-49	-119	-169	-156	-146	-96
Payment of Dividends	-36	-36	-36	-36	-36	-36	-36	-36	-36	-36	-36
Other Financing Activities, net	-0.52	-0.05	-0.08	-0.01	-0.31	-0.01	-0.08	-0.03	-0.32	-	-0.32
Cash Interest Paid	6.74	12	16	20	22	19	18	16	12	8.26	6.18
Cash Income Taxes Paid	14	51	23	22	20	48	24	16	24	54	48

This table presents Ubiquiti's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Total Assets	476	601	747	973	1,023	876	737	891	845	1,406	1,154
Total Current Assets	466	581	728	952	1,001	754	587	694	622	1,167	916
Cash & Equivalents	347	446	551	604	667	238	143	249	136	115	126
Accounts Receivable	55	66	83	141	175	156	142	172	120	168	169
Inventories, net	46	37	57	142	102	264	286	234	262	737	462
Prepaid Expenses	13	7.71	6.90	9.03	19	14	9.03	17	13	22	35
Other Current Assets	-	20	30	54	39	12	5.93	20	90	125	123
Plant, Property, & Equipment, net	7.26	16	13	13	14	14	79	79	80	87	81
Total Noncurrent Assets	3.17	3.62	5.77	7.46	6.90	108	72	118	143	153	157
Noncurrent Deferred & Refundable Income Taxes	1.26	1.52	4.20	5.13	3.11	2.91	4.10	4.78	6.62	24	36
Other Noncurrent Operating Assets	1.91	2.11	1.58	2.33	3.79	74	68	112	136	129	121
Total Liabilities & Shareholders' Equity	476	601	747	973	1,023	876	737	891	845	1,406	1,154
Total Liabilities	141	178	307	371	707	777	1,033	888	1,228	1,522	1,059
Total Current Liabilities	52	70	91	98	113	179	264	276	311	352	285
Short-Term Debt	0.00	10	11	15	24	31	24	24	24	37	37
Accounts Payable	34	44	52	49	14	39	156	112	84	154	51
Current Deferred & Payable Income Tax Liabilities	2.50	1.11	1.49	1.71	5.78	26	31	14	14	19	23
Other Current Liabilities	16	15	27	33	69	84	54	126	189	142	174
Total Noncurrent Liabilities	89	108	216	272	594	597	769	612	917	1,170	775
Long-Term Debt	72	88	192	242	460	465	628	467	763	1,041	670
Capital Lease Obligations	-	-	-	-	-	0.00	19	32	54	46	37
Noncurrent Deferred Revenue	0.97	0.97	1.30	-	128	124	115	104	94	75	54
Noncurrent Deferred & Payable Income Tax Liabilities	15	20	23	28	-	-	-	-	0.00	0.23	0.49
Other Noncurrent Operating Liabilities	-	-	-	2.62	5.84	8.44	6.31	8.56	5.82	7.77	13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	335	422	440	602	316	99	-295	2.70	-383	-116	95
Total Preferred & Common Equity	335	422	440	602	316	99	-295	2.70	-383	-116	95
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	335	422	440	602	316	99	-295	2.70	-383	-116	95
Common Stock	146	0.09	0.08	0.61	0.47	0.07	0.51	0.06	0.71	4.78	11
Retained Earnings	313	422	440	601	315	99	-296	2.64	-383	-121	84

This table presents Ubiquiti's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2022	9/30/2022	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	760	937	1,269	1,375	1,388	1,335	1,224	1,158	1,184	1,298
Total Current Assets	543	712	1,045	1,152	1,154	1,106	1,001	926	962	1,082
Cash & Equivalents	144	137	160	153	109	98	102	165	133	151
Accounts Receivable	87	148	152	146	169	171	188	175	168	222
Inventories, net	241	355	644	743	707	684	534	446	537	590
Prepaid Expenses	12	14	21	21	22	19	27	43	50	55
Other Current Assets	49	58	68	89	148	134	150	97	74	64
Plant, Property, & Equipment, net	81	85	86	85	85	84	82	77	75	71
Total Noncurrent Assets	136	141	138	138	149	145	141	154	147	145
Noncurrent Deferred & Refundable Income Taxes	4.67	6.48	6.49	6.48	24	23	23	36	36	36
Other Noncurrent Operating Assets	130	134	131	131	126	121	118	119	111	109
Total Liabilities & Shareholders' Equity	760	937	1,269	1,375	1,388	1,335	1,224	1,158	1,184	1,298
Total Liabilities	1,095	1,263	1,517	1,560	1,451	1,351	1,198	970	893	862
Total Current Liabilities	241	361	515	362	338	288	254	364	432	779
Short-Term Debt	24	24	24	24	37	37	37	24	24	339
Accounts Payable	102	94	245	159	124	92	65	53	122	130
Current Deferred & Payable Income Tax Liabilities	8.37	35	7.05	1.71	40	9.77	9.20	56	32	24
Other Current Liabilities	107	208	238	177	137	149	143	231	254	286
Total Noncurrent Liabilities	853	901	1,002	1,197	1,113	1,063	944	606	461	84
Long-Term Debt	699	766	870	1,064	1,007	958	839	527	381	0.00
Capital Lease Obligations	51	52	49	49	44	40	37	35	33	31
Noncurrent Deferred Revenue	97	78	77	78	54	55	57	27	28	30
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.23	0.23	0.23	0.49	0.00	0.00
Other Noncurrent Operating Liabilities	5.99	6.00	6.19	7.11	7.93	9.74	11	16	19	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-335	-325	-248	-184	-63	-16	26	188	290	436
Total Preferred & Common Equity	-335	-325	-248	-184	-63	-16	26	188	290	436
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-335	-325	-248	-184	-63	-16	26	188	290	436
Common Stock	0.06	1.24	2.29	3.45	5.97	7.46	9.05	12	14	15
Retained Earnings	-335	-326	-250	-188	-69	-23	17	176	277	421

This table displays calculated financial ratios and metrics derived from Ubiquiti's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2014	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	78.44%	4.10%	11.82%	29.84%	17.52%	14.25%	10.57%	47.77%	-10.87%	14.71%	-0.62%
EBITDA Growth	110.67%	-23.66%	63.37%	18.74%	10.20%	20.88%	18.02%	61.33%	-38.03%	9.68%	-11.75%
EBIT Growth	112.10%	-25.11%	64.63%	18.79%	10.22%	21.44%	18.01%	61.63%	-38.92%	9.43%	-12.85%
NOPAT Growth	119.30%	-26.65%	64.92%	21.48%	-22.16%	63.67%	21.11%	55.77%	-37.41%	15.90%	-9.73%
Net Income Growth	119.82%	-26.72%	64.75%	20.55%	-23.77%	64.40%	17.85%	62.13%	-38.59%	7.65%	-14.15%
EPS Growth	121.35%	-26.40%	71.72%	24.10%	-18.77%	79.68%	28.60%	68.62%	-37.32%	9.95%	-14.10%
Operating Cash Flow Growth	-8.01%	10.90%	46.79%	-43.28%	196.38%	-21.92%	77.54%	32.97%	-39.50%	-139.28%	472.36%
Free Cash Flow Firm Growth	-8.48%	3.85%	67.05%	-49.42%	225.50%	-34.48%	101.34%	37.24%	-40.87%	-133.39%	611.91%
Invested Capital Growth	1,518.00%	21.24%	25.46%	176.52%	-47.33%	90.56%	-9.23%	18.38%	17.11%	178.29%	-20.26%
Revenue Q/Q Growth	10.58%	-1.77%	6.46%	5.22%	4.22%	35.09%	0.00%	9.35%	-2.01%	2.53%	0.86%
EBITDA Q/Q Growth	10.24%	-22.70%	30.58%	2.20%	4.86%	39.86%	0.00%	10.08%	-14.18%	4.16%	-0.47%
EBIT Q/Q Growth	10.35%	-23.70%	31.77%	1.94%	4.82%	41.19%	0.00%	10.12%	-14.57%	4.18%	-0.59%
NOPAT Q/Q Growth	13.25%	-25.67%	33.16%	1.35%	5.51%	38.12%	0.00%	10.55%	-12.66%	4.71%	-0.47%
Net Income Q/Q Growth	13.16%	-25.72%	33.15%	1.17%	5.03%	38.15%	0.00%	11.12%	-14.04%	2.82%	0.04%
EPS Q/Q Growth	13.22%	-25.64%	34.59%	1.64%	8.19%	41.82%	0.00%	11.52%	-13.05%	2.59%	0.17%
Operating Cash Flow Q/Q Growth	8.58%	-21.84%	16.08%	0.52%	0.24%	26.35%	0.00%	6.86%	-20.29%	-61.78%	66.85%
Free Cash Flow Firm Q/Q Growth	9.74%	-24.57%	22.15%	-8.55%	-5.11%	149.37%	76.41%	82.23%	-14.67%	-60.46%	57.19%
Invested Capital Q/Q Growth	-6.51%	-13.02%	8.24%	8.44%	55.67%	5.26%	0.00%	10.85%	10.09%	11.70%	-14.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.28%	44.00%	48.74%	45.73%	43.62%	46.28%	47.35%	48.06%	39.59%	39.20%	38.36%
EBITDA Margin	34.49%	25.29%	36.95%	33.79%	31.69%	33.52%	35.78%	39.07%	27.16%	25.97%	23.06%
Operating Margin	34.23%	24.65%	36.32%	33.49%	32.07%	33.94%	37.23%	39.12%	27.33%	28.06%	25.88%
EBIT Margin	34.00%	24.46%	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%
Profit (Net Income) Margin	30.91%	21.76%	32.06%	29.76%	19.30%	27.78%	29.61%	32.48%	22.38%	21.01%	18.15%
Tax Burden Percent	90.92%	88.96%	89.03%	90.35%	62.48%	84.59%	84.47%	84.74%	85.20%	83.82%	82.57%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	9.08%	11.04%	10.97%	9.65%	37.52%	15.41%	15.53%	15.26%	14.80%	16.18%	17.43%
Return on Invested Capital (ROIC)	634.44%	195.50%	260.97%	151.31%	105.05%	171.52%	166.04%	248.91%	132.37%	75.18%	51.33%
ROIC Less NNEP Spread (ROIC-NNEP)	635.01%	195.83%	261.51%	152.54%	107.88%	254.46%	159.11%	245.74%	129.25%	69.48%	43.69%
Return on Net Nonoperating Assets (RNNOA)	-561.13%	-161.26%	-211.43%	-101.89%	-62.26%	-16.02%	-553.74%	-670.13%	-331.57%	-238.69%	-3,437.00%
Return on Equity (ROE)	73.31%	34.24%	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%
Cash Return on Invested Capital (CROIC)	187.80%	176.30%	238.38%	57.54%	167.05%	109.19%	175.71%	232.07%	116.60%	-19.08%	73.87%
Operating Return on Assets (OROA)	50.65%	27.07%	35.61%	33.15%	31.49%	40.19%	55.81%	89.37%	51.21%	43.21%	33.10%
Return on Assets (ROA)	46.05%	24.08%	31.70%	29.95%	19.68%	34.00%	47.14%	75.73%	43.63%	36.22%	27.33%
Return on Common Equity (ROCE)	73.31%	34.24%	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%
Return on Equity Simple (ROE_SIMPLE)	52.78%	30.71%	48.51%	42.79%	62.17%	325.04%	-128.71%	0.00%	-98.90%	-352.23%	368.15%
Net Operating Profit after Tax (NOPAT)	178	131	215	262	204	334	404	629	394	456	412
NOPAT Margin	31.12%	21.93%	32.34%	30.25%	20.04%	28.71%	31.45%	33.15%	23.28%	23.52%	21.37%
Net Nonoperating Expense Percent (NNEP)	-0.57%	-0.32%	-0.54%	-1.23%	-2.83%	-82.93%	6.93%	3.17%	3.11%	5.70%	7.63%
Cost of Revenue to Revenue	55.72%	56.01%	51.26%	54.27%	56.38%	53.72%	52.65%	51.94%	60.41%	60.80%	61.64%
SG&A Expenses to Revenue	4.12%	3.63%	4.99%	4.26%	4.24%	3.72%	3.16%	2.82%	4.13%	3.66%	4.20%
R&D to Revenue	5.93%	9.16%	8.67%	7.99%	7.31%	7.06%	6.96%	6.12%	8.14%	7.48%	8.28%
Operating Expenses to Revenue	10.05%	19.35%	12.42%	12.24%	11.55%	12.34%	10.12%	8.94%	12.27%	11.14%	12.48%
Earnings before Interest and Taxes (EBIT)	195	146	240	285	314	381	450	728	444	486	424
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	197	151	246	292	322	389	460	742	460	504	445
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.10	6.25	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64
Price to Tangible Book Value (P/TBV)	11.10	6.25	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64
Price to Revenue (P/Rev)	6.50	4.43	4.52	4.53	5.80	7.58	8.27	9.94	8.61	5.38	4.57
Price to Earnings (P/E)	21.03	20.36	14.10	15.23	30.05	27.27	27.94	30.60	38.44	25.59	25.17
Dividend Yield	0.00%	0.57%	0.00%	0.00%	0.00%	0.80%	0.72%	0.53%	1.00%	1.74%	1.65%
Earnings Yield	4.75%	4.91%	7.09%	6.57%	3.33%	3.67%	3.58%	3.27%	2.60%	3.91%	3.97%
Enterprise Value to Invested Capital (EV/IC)	57.05	31.27	28.99	14.06	42.70	35.12	48.18	69.83	47.54	12.81	13.23
Enterprise Value to Revenue (EV/Rev)	6.02	3.84	4.00	4.13	5.62	7.71	8.68	10.08	9.02	5.90	4.89
Enterprise Value to EBITDA (EV/EBITDA)	17.46	15.20	10.82	12.22	17.74	23.00	24.27	25.81	33.21	22.70	21.19
Enterprise Value to EBIT (EV/EBIT)	17.71	15.72	11.10	12.54	18.19	23.48	24.78	26.30	34.34	23.53	22.24
Enterprise Value to NOPAT (EV/NOPAT)	19.35	17.53	12.36	13.65	28.05	26.85	27.61	30.41	38.75	25.07	22.87
Enterprise Value to Operating Cash Flow (EV/OCF)	28.41	17.03	13.49	31.89	17.21	34.55	24.23	31.27	41.22	0.00	17.40
Enterprise Value to Free Cash Flow (EV/FCFF)	30.38	19.44	13.54	35.89	17.64	42.19	26.09	32.62	43.99	0.00	15.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.23	0.46	0.43	1.54	4.99	-2.27	193.83	-2.20	-9.71	7.82
Long-Term Debt to Equity	0.22	0.21	0.44	0.40	1.46	4.68	-2.19	184.99	-2.13	-9.40	7.44
Financial Leverage	-0.88	-0.82	-0.81	-0.67	-0.58	-0.06	-3.48	-2.73	-2.57	-3.44	-78.66
Leverage Ratio	1.59	1.42	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87
Compound Leverage Factor	1.59	1.42	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87
Debt to Total Capital	17.73%	18.76%	31.51%	29.89%	60.56%	83.31%	178.67%	99.49%	183.66%	111.48%	88.66%
Short-Term Debt to Total Capital	0.00%	1.92%	1.71%	1.72%	3.05%	5.16%	6.41%	4.54%	5.21%	3.62%	4.35%
Long-Term Debt to Total Capital	17.73%	16.84%	29.80%	28.17%	57.51%	78.15%	172.26%	94.95%	178.45%	107.86%	84.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.27%	81.24%	68.49%	70.11%	39.44%	16.70%	-78.67%	0.51%	-83.66%	-11.48%	11.34%
Debt to EBITDA	0.37	0.65	0.82	0.88	1.50	1.27	1.46	0.71	1.83	2.23	1.67
Net Debt to EBITDA	-1.39	-2.31	-1.42	-1.19	-0.56	0.40	1.15	0.37	1.53	2.00	1.39
Long-Term Debt to EBITDA	0.37	0.58	0.78	0.83	1.43	1.19	1.41	0.67	1.78	2.16	1.59
Debt to NOPAT	0.41	0.75	0.94	0.98	2.38	1.49	1.66	0.83	2.13	2.46	1.80
Net Debt to NOPAT	-1.54	-2.67	-1.62	-1.33	-0.89	0.47	1.30	0.43	1.79	2.21	1.50
Long-Term Debt to NOPAT	0.41	0.67	0.89	0.92	2.26	1.39	1.60	0.79	2.07	2.38	1.72
Altman Z-Score	20.36	12.68	9.69	10.12	8.49	10.51	9.89	18.14	10.66	7.21	8.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.90	8.29	8.03	9.67	8.87	4.21	2.22	2.51	2.00	3.32	3.22
Quick Ratio	7.68	7.31	6.99	7.56	7.45	2.59	1.08	1.53	0.82	0.80	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	113	118	197	100	324	212	427	587	347	-116	593
Operating Cash Flow to CapEx	2,999.43%	1,057.43%	3,161.14%	1,549.17%	3,642.86%	501.62%	1,503.26%	3,339.82%	2,749.18%	-694.70%	4,522.05%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.11	0.99	1.01	1.02	1.22	1.59	2.33	1.95	1.72	1.51
Accounts Receivable Turnover	12.62	9.85	8.95	7.75	6.45	7.03	8.61	12.07	11.59	13.50	11.45
Inventory Turnover	10.25	8.01	7.26	4.72	4.69	3.41	2.46	3.79	4.12	2.36	1.98
Fixed Asset Turnover	86.50	52.13	46.67	66.90	74.65	83.14	27.88	24.09	21.24	23.23	22.96
Accounts Payable Turnover	9.10	8.58	7.16	9.34	18.17	23.63	6.96	7.37	10.44	9.92	11.58
Days Sales Outstanding (DSO)	28.93	37.05	40.78	47.11	56.55	51.93	42.37	30.23	31.49	27.03	31.89
Days Inventory Outstanding (DIO)	35.60	45.59	50.30	77.41	77.76	107.17	148.47	96.21	88.62	154.62	184.10
Days Payable Outstanding (DPO)	40.12	42.54	50.95	39.07	20.09	15.45	52.42	49.54	34.96	36.79	31.51
Cash Conversion Cycle (CCC)	24.42	40.10	40.12	85.45	114.22	143.65	138.42	76.90	85.15	144.86	184.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	60	73	92	254	134	255	232	274	321	893	712
Invested Capital Turnover	20.39	8.92	8.07	5.00	5.24	5.97	5.28	7.51	5.69	3.20	2.40
Increase / (Decrease) in Invested Capital	65	13	19	162	-120	121	-24	43	47	572	-181
Enterprise Value (EV)	3,447	2,291	2,664	3,573	5,716	8,957	11,154	19,138	15,261	11,442	9,424
Market Capitalization	3,722	2,640	3,013	3,921	5,898	8,801	10,627	18,866	14,557	10,433	8,807
Book Value per Share	$3.81	$4.80	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57
Tangible Book Value per Share	$3.81	$4.80	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57
Total Capital	408	520	643	858	801	595	376	526	458	1,008	839
Total Debt	72	98	203	257	485	495	671	523	841	1,124	744
Total Long-Term Debt	72	88	192	242	460	465	647	499	817	1,087	707
Net Debt	-275	-349	-348	-348	-182	156	527	271	704	1,009	617
Capital Expenditures (CapEx)	4.05	13	6.25	7.23	9.12	52	31	18	13	21	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	75	98	264	246	297	203	191	198	737	541
Debt-free Net Working Capital (DFNWC)	413	521	649	869	913	605	346	442	334	852	668
Net Working Capital (NWC)	413	511	638	854	888	575	322	418	311	815	631
Net Nonoperating Expense (NNE)	1.21	1.01	1.88	4.28	7.49	11	24	13	15	49	62
Net Nonoperating Obligations (NNO)	-275	-349	-348	-348	-182	156	527	271	704	1,009	617
Total Depreciation and Amortization (D&A)	2.82	4.97	6.29	7.36	8.06	7.97	9.45	14	15	18	21
Debt-free, Cash-free Net Working Capital to Revenue	11.58%	12.55%	14.66%	30.56%	24.21%	25.59%	15.79%	10.06%	11.69%	37.97%	28.07%
Debt-free Net Working Capital to Revenue	72.22%	87.46%	97.35%	100.38%	89.77%	52.10%	26.97%	23.27%	19.77%	43.89%	34.62%
Net Working Capital to Revenue	72.22%	85.78%	95.70%	98.68%	87.37%	49.46%	25.10%	22.01%	18.36%	42.01%	32.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.02	$1.47	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79
Adjusted Weighted Average Basic Shares Outstanding	87.77M	88.01M	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M
Adjusted Diluted Earnings per Share	$1.97	$1.45	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79
Adjusted Weighted Average Diluted Shares Outstanding	89.72M	89.57M	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.23M	87.45M	81.82M	80.35M	74.01M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M
Normalized Net Operating Profit after Tax (NOPAT)	178	131	215	262	204	349	404	629	394	456	412
Normalized NOPAT Margin	31.12%	21.93%	32.34%	30.25%	20.04%	30.02%	31.45%	33.15%	23.28%	23.52%	21.37%
Pre Tax Income Margin	34.00%	24.46%	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	11.58%	0.00%	0.00%	0.00%	22.11%	20.69%	16.35%	39.10%	35.58%	41.46%
Augmented Payout Ratio	1.14%	39.74%	91.16%	40.86%	226.71%	167.21%	204.79%	51.99%	202.34%	35.58%	41.46%

This table displays calculated financial ratios and metrics derived from Ubiquiti's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.54%	14.37%	27.85%	10.82%	-7.03%	-5.80%	7.69%	3.33%	18.84%	29.02%	34.72%
EBITDA Growth	-28.55%	9.36%	92.69%	18.55%	-2.36%	-21.99%	-19.72%	-1.63%	47.18%	59.85%	133.69%
EBIT Growth	-29.47%	9.14%	97.17%	18.69%	-3.85%	-23.19%	-21.08%	-2.03%	48.14%	62.75%	139.78%
NOPAT Growth	-24.57%	14.83%	111.76%	20.70%	2.99%	-20.51%	-18.31%	-1.72%	29.84%	51.14%	101.19%
Net Income Growth	-29.49%	8.25%	95.77%	12.08%	-5.83%	-26.82%	-22.61%	0.12%	45.86%	66.59%	136.51%
EPS Growth	-27.01%	12.05%	98.78%	11.04%	-5.84%	-26.88%	-22.70%	0.58%	46.21%	66.18%	136.51%
Operating Cash Flow Growth	-58.41%	-141.66%	-255.73%	-79.36%	61.21%	298.18%	201.02%	1,502.06%	245.24%	93.98%	-24.58%
Free Cash Flow Firm Growth	97.74%	-3,565.62%	-4,598.53%	-957.73%	-13,636.36%	-299.75%	113.95%	166.18%	202.69%	263.46%	561.76%
Invested Capital Growth	38.34%	56.67%	174.26%	178.29%	141.28%	71.88%	4.59%	-20.26%	-33.44%	-35.33%	-21.56%
Revenue Q/Q Growth	12.40%	-0.91%	-7.25%	7.28%	-5.70%	0.41%	6.03%	2.93%	8.45%	9.00%	10.72%
EBITDA Q/Q Growth	6.33%	19.76%	-11.79%	5.53%	-12.43%	-4.31%	-9.21%	29.30%	31.03%	3.92%	32.73%
EBIT Q/Q Growth	6.53%	20.22%	-12.59%	6.02%	-13.70%	-3.96%	-10.20%	31.62%	30.50%	5.51%	32.30%
NOPAT Q/Q Growth	2.49%	19.16%	-7.55%	6.89%	-12.55%	-8.03%	-4.98%	28.61%	15.54%	7.05%	26.48%
Net Income Q/Q Growth	0.73%	20.41%	-12.15%	5.17%	-15.36%	-6.42%	-7.09%	36.07%	23.30%	6.88%	31.90%
EPS Q/Q Growth	0.00%	20.78%	-12.37%	4.91%	-15.20%	-6.21%	-7.35%	36.51%	23.26%	6.60%	31.86%
Operating Cash Flow Q/Q Growth	-40.00%	-194.44%	-309.08%	108.90%	368.58%	16.10%	108.51%	41.23%	0.98%	-34.77%	-18.93%
Free Cash Flow Firm Q/Q Growth	-105.96%	-2,198.02%	-448.34%	-14.26%	4.59%	33.12%	119.13%	442.10%	48.06%	6.45%	-22.54%
Invested Capital Q/Q Growth	18.29%	41.10%	49.26%	11.70%	2.56%	0.52%	-9.18%	-14.84%	-14.39%	-2.32%	10.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.41%	40.03%	41.17%	41.40%	39.71%	38.21%	35.31%	40.23%	42.09%	41.21%	44.55%
EBITDA Margin	23.16%	27.99%	26.62%	26.19%	24.32%	23.18%	19.85%	24.93%	30.13%	28.72%	34.43%
Operating Margin	24.50%	29.41%	29.17%	29.30%	27.71%	26.05%	22.56%	27.27%	30.75%	29.81%	34.16%
EBIT Margin	22.36%	27.13%	25.56%	25.26%	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%
Profit (Net Income) Margin	18.71%	22.73%	21.53%	21.11%	18.95%	17.66%	15.47%	20.46%	23.26%	22.80%	27.17%
Tax Burden Percent	83.67%	83.81%	84.23%	83.56%	81.95%	79.85%	82.61%	85.40%	80.68%	81.73%	81.48%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.33%	16.19%	15.77%	16.44%	18.05%	20.15%	17.39%	14.60%	19.32%	18.27%	18.52%
Return on Invested Capital (ROIC)	108.47%	100.69%	85.22%	78.25%	66.77%	53.59%	43.56%	55.94%	65.54%	69.10%	86.60%
ROIC Less NNEP Spread (ROIC-NNEP)	106.53%	99.01%	83.50%	76.32%	64.71%	51.90%	41.82%	54.17%	64.32%	67.59%	85.74%
Return on Net Nonoperating Assets (RNNOA)	-367.06%	-443.71%	-258.90%	-262.17%	-280.53%	-338.61%	-473.27%	-4,261.31%	720.40%	305.54%	191.25%
Return on Equity (ROE)	-258.59%	-343.03%	-173.68%	-183.92%	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%
Cash Return on Invested Capital (CROIC)	78.11%	41.63%	-13.23%	-19.08%	-11.86%	6.80%	46.12%	73.87%	98.24%	107.85%	102.61%
Operating Return on Assets (OROA)	39.98%	45.04%	45.33%	43.56%	37.90%	31.89%	27.56%	36.08%	45.64%	47.65%	61.39%
Return on Assets (ROA)	33.45%	37.75%	38.18%	36.40%	31.06%	25.46%	22.77%	30.81%	36.82%	38.94%	50.02%
Return on Common Equity (ROCE)	-258.59%	-343.03%	-173.68%	-183.92%	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%
Return on Equity Simple (ROE_SIMPLE)	-104.37%	-140.45%	-214.92%	0.00%	-637.78%	-2,366.87%	1,352.12%	0.00%	207.40%	153.17%	125.89%
Net Operating Profit after Tax (NOPAT)	102	122	112	120	105	97	92	118	137	146	185
NOPAT Margin	20.50%	24.65%	24.57%	24.48%	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%
Net Nonoperating Expense Percent (NNEP)	1.93%	1.67%	1.73%	1.93%	2.07%	1.70%	1.74%	1.77%	1.22%	1.51%	0.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	9.49%	-	-	-	20.06%	22.91%
Cost of Revenue to Revenue	65.59%	59.97%	58.83%	58.60%	60.29%	61.79%	64.69%	59.77%	57.91%	58.79%	55.45%
SG&A Expenses to Revenue	3.35%	3.78%	3.66%	3.85%	4.17%	4.22%	4.13%	4.28%	4.44%	4.74%	3.73%
R&D to Revenue	6.56%	6.84%	8.35%	8.25%	7.84%	7.94%	8.62%	8.69%	6.90%	6.66%	6.66%
Operating Expenses to Revenue	9.91%	10.62%	12.00%	12.11%	12.00%	12.16%	12.75%	12.96%	11.34%	11.41%	10.39%
Earnings before Interest and Taxes (EBIT)	111	134	117	124	107	103	92	122	159	167	221
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	138	122	129	113	108	98	127	166	172	229
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	269.58	92.64	71.26	69.11	43.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	269.58	92.64	71.26	69.11	43.02
Price to Revenue (P/Rev)	9.97	9.00	8.49	5.38	4.53	4.43	3.65	4.57	6.65	9.33	8.08
Price to Earnings (P/E)	50.79	46.36	40.54	25.59	21.45	22.36	19.94	25.17	34.36	45.12	34.17
Dividend Yield	0.84%	1.12%	1.13%	1.74%	2.10%	1.74%	2.08%	1.65%	1.08%	0.72%	0.77%
Earnings Yield	1.97%	2.16%	2.47%	3.91%	4.66%	4.47%	5.02%	3.97%	2.91%	2.22%	2.93%
Enterprise Value to Invested Capital (EV/IC)	47.29	31.59	21.33	12.81	10.49	10.05	9.31	13.23	22.68	34.21	28.93
Enterprise Value to Revenue (EV/Rev)	10.38	9.44	9.01	5.90	5.04	4.93	4.07	4.89	6.86	9.47	8.17
Enterprise Value to EBITDA (EV/EBITDA)	43.43	39.80	35.25	22.70	19.17	19.66	17.42	21.19	27.77	36.23	27.38
Enterprise Value to EBIT (EV/EBIT)	45.13	41.38	36.54	23.53	19.93	20.52	18.26	22.24	29.09	37.74	28.37
Enterprise Value to NOPAT (EV/NOPAT)	49.78	44.96	39.13	25.07	20.90	21.30	18.81	22.87	31.21	41.38	32.43
Enterprise Value to Operating Cash Flow (EV/OCF)	57.69	95.93	0.00	0.00	0.00	0.00	23.99	17.40	19.55	26.08	25.61
Enterprise Value to Free Cash Flow (EV/FCFF)	70.29	92.65	0.00	0.00	0.00	186.93	20.64	15.89	18.45	24.92	24.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.59	-3.80	-6.16	-9.71	-17.25	-65.79	35.29	7.82	3.12	1.51	0.85
Long-Term Debt to Equity	-2.51	-3.71	-6.03	-9.40	-16.67	-63.46	33.88	7.44	2.99	1.42	0.07
Financial Leverage	-3.45	-4.48	-3.10	-3.44	-4.34	-6.52	-11.32	-78.66	11.20	4.52	2.23
Leverage Ratio	-7.24	-8.56	-4.11	-4.51	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46
Compound Leverage Factor	-7.24	-8.56	-4.11	-4.51	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46
Debt to Total Capital	163.00%	135.65%	119.37%	111.48%	106.15%	101.54%	97.24%	88.66%	75.72%	60.14%	45.96%
Short-Term Debt to Total Capital	4.73%	3.51%	2.56%	3.62%	3.56%	3.58%	3.89%	4.35%	3.15%	3.35%	42.06%
Long-Term Debt to Total Capital	158.28%	132.14%	116.81%	107.86%	102.59%	97.96%	93.36%	84.31%	72.57%	56.79%	3.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-63.00%	-35.65%	-19.37%	-11.48%	-6.15%	-1.54%	2.76%	11.34%	24.28%	39.86%	54.04%
Debt to EBITDA	2.04	2.22	2.35	2.23	2.17	2.20	2.04	1.67	1.18	0.78	0.54
Net Debt to EBITDA	1.71	1.84	2.03	2.00	1.95	1.99	1.81	1.39	0.85	0.54	0.32
Long-Term Debt to EBITDA	1.98	2.16	2.30	2.16	2.10	2.12	1.96	1.59	1.13	0.74	0.05
Debt to NOPAT	2.33	2.51	2.61	2.46	2.37	2.38	2.21	1.80	1.32	0.89	0.63
Net Debt to NOPAT	1.95	2.08	2.26	2.21	2.13	2.15	1.96	1.50	0.95	0.62	0.38
Long-Term Debt to NOPAT	2.27	2.44	2.55	2.38	2.29	2.30	2.12	1.72	1.27	0.84	0.05
Altman Z-Score	10.40	8.37	8.34	6.36	5.83	6.07	6.06	7.76	11.28	16.63	16.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	2.03	3.18	3.32	3.41	3.84	3.95	3.22	2.54	2.22	1.39
Quick Ratio	0.79	0.61	0.83	0.80	0.82	0.94	1.14	1.04	0.93	0.70	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3.14	-72	-396	-452	-431	-288	55	299	443	471	365
Operating Cash Flow to CapEx	484.69%	-825.03%	-7,433.78%	273.35%	2,237.42%	2,040.01%	5,069.68%	12,400.91%	8,973.39%	7,675.28%	4,369.63%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.79	1.66	1.77	1.72	1.64	1.44	1.47	1.51	1.58	1.71	1.84
Accounts Receivable Turnover	10.77	12.93	16.19	13.50	12.05	11.61	11.45	11.45	11.75	12.68	11.33
Inventory Turnover	3.57	2.47	2.37	2.36	2.13	1.69	1.84	1.98	2.13	2.12	2.39
Fixed Asset Turnover	21.01	21.55	22.80	23.23	22.40	21.97	22.85	22.96	24.87	26.93	30.25
Accounts Payable Turnover	10.05	6.48	8.92	9.92	10.38	6.67	10.46	11.58	13.89	12.07	13.78
Days Sales Outstanding (DSO)	33.90	28.24	22.55	27.03	30.29	31.44	31.87	31.89	31.07	28.79	32.21
Days Inventory Outstanding (DIO)	102.32	147.52	154.16	154.62	171.04	215.66	198.64	184.10	171.27	172.25	152.74
Days Payable Outstanding (DPO)	36.30	56.34	40.92	36.79	35.17	54.74	34.91	31.51	26.27	30.23	26.49
Cash Conversion Cycle (CCC)	99.92	119.43	135.78	144.86	166.16	192.37	195.61	184.47	176.07	170.81	158.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	380	536	800	893	916	921	836	712	610	596	656
Invested Capital Turnover	5.29	4.09	3.47	3.20	2.94	2.58	2.34	2.40	2.64	2.84	3.11
Increase / (Decrease) in Invested Capital	105	194	508	572	536	385	37	-181	-306	-325	-180
Enterprise Value (EV)	17,958	16,928	17,058	11,442	9,608	9,257	7,785	9,424	13,829	20,377	18,980
Market Capitalization	17,253	16,144	16,074	10,433	8,629	8,320	6,975	8,807	13,407	20,072	18,760
Book Value per Share	($5.39)	($4.10)	($3.05)	($1.91)	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21
Tangible Book Value per Share	($5.39)	($4.10)	($3.05)	($1.91)	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21
Total Capital	517	695	952	1,008	1,025	1,019	939	839	775	729	807
Total Debt	842	943	1,137	1,124	1,088	1,034	913	744	587	438	371
Total Long-Term Debt	818	919	1,112	1,087	1,051	998	876	707	562	414	31
Net Debt	705	784	984	1,009	979	937	811	617	422	305	220
Capital Expenditures (CapEx)	8.66	4.81	2.18	5.28	3.03	3.85	3.23	1.87	2.60	1.99	2.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	238	395	662	737	744	757	681	541	422	421	492
Debt-free Net Working Capital (DFNWC)	374	554	814	852	852	854	784	668	587	554	643
Net Working Capital (NWC)	350	530	790	815	816	818	747	631	562	529	304
Net Nonoperating Expense (NNE)	8.91	9.45	14	17	17	15	16	14	8.53	9.35	4.42
Net Nonoperating Obligations (NNO)	705	784	984	1,009	979	937	811	617	422	305	220
Total Depreciation and Amortization (D&A)	4.01	4.28	4.85	4.55	5.57	4.94	5.50	4.97	7.16	4.92	7.23
Debt-free, Cash-free Net Working Capital to Revenue	13.73%	22.02%	34.97%	37.97%	39.02%	40.32%	35.63%	28.07%	20.92%	19.56%	21.20%
Debt-free Net Working Capital to Revenue	21.64%	30.93%	43.03%	43.89%	44.72%	45.53%	40.99%	34.62%	29.11%	25.75%	27.70%
Net Working Capital to Revenue	20.23%	29.56%	41.74%	42.01%	42.80%	43.58%	39.08%	32.73%	27.90%	24.61%	13.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.54	$1.86	$1.63	$1.72	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98
Adjusted Weighted Average Basic Shares Outstanding	60.43M	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M
Adjusted Diluted Earnings per Share	$1.54	$1.86	$1.63	$1.71	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98
Adjusted Weighted Average Diluted Shares Outstanding	60.45M	60.45M	60.46M	60.45M	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M
Normalized Net Operating Profit after Tax (NOPAT)	102	122	112	120	105	97	92	118	137	146	185
Normalized NOPAT Margin	20.50%	24.65%	24.57%	24.48%	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%
Pre Tax Income Margin	22.36%	27.13%	25.56%	25.26%	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.22%	41.82%	36.58%	35.58%	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%
Augmented Payout Ratio	43.22%	41.82%	36.58%	35.58%	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%

Key Financial Trends

Ubiquiti Inc. (NYSE: UI) has demonstrated solid growth in its financial performance over the past several years through Q3 2025. Here are the key observations and trends from the latest quarterly financial data along with a summary of points highlighting strengths, neutral factors, and risks:

Revenue Growth: Operating revenue increased from $358 million in Q3 2022 to $664 million in Q3 2025, nearly doubling over three years, indicating strong business expansion.
Rising Net Income: Net income grew impressively from approximately $50 million in Q3 2022 to $180 million in Q3 2025, evidencing improved profitability.
Consistent Earnings per Share (EPS) Growth: Diluted EPS increased from $0.82 in Q3 2022 to $2.98 in Q3 2025, showing sustained earnings growth for shareholders.
Strong Operating Cash Flow: Net cash from operating activities remained robust, with $123.6 million generated in Q3 2025, supporting day-to-day operations and investments.
Declining Long-Term Debt: The company has significantly reduced its long-term debt from over $1 billion in early 2023 to zero by Q3 2025, indicating improving financial leverage and reduced interest burden.
Dividend Stability: Ubiquiti has consistently paid quarterly dividends of $0.60 per share, which may appeal to income-focused investors.
Inventory Levels Increased: Inventory rose from $241 million in Q3 2022 to $590 million in Q3 2025, which could suggest either growing sales forecasts or potential overstocking risks.
Cash & Equivalents Fluctuating: Cash balances have fluctuated over the periods, ending with $151 million in Q3 2025, reflecting active capital management.
Changes in Operating Assets & Liabilities: There have been significant swings in changes in operating capital requirements affecting operating cash flows each quarter, requiring monitoring.
High Short-Term Debt Level: Short-term debt stood at $339 million in Q3 2025, which is a sizable current liability that could pressure liquidity if not managed properly.
Large Repayment of Debt and Financing Cash Outflows: Net cash used in financing activities remains large and negative (over $100 million in Q3 2025), reflecting repayments and dividend payments that reduce cash reserve flexibility.

In summary, Ubiquiti has exhibited strong revenue and earnings growth, improved profitability, and has taken significant steps to reduce long-term debt over the last three years. Its stable dividend payout and healthy operating cash flow are positive attributes for shareholders. However, increased inventory levels and sizable short-term debt raise some caution around working capital management and near-term liquidity. Investors should monitor upcoming quarters for further debt reduction and efficient capital deployment to sustain the growth momentum.

08/09/25 05:48 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Ubiquiti's Financials

When does Ubiquiti's financial year end?

According to the most recent income statement we have on file, Ubiquiti's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Ubiquiti's net income changed over the last 10 years?

Ubiquiti's net income appears to be on an upward trend, with a most recent value of $349.96 million in 2024, rising from $176.94 million in 2014. The previous period was $407.64 million in 2023. Find out what analysts predict for Ubiquiti in the coming months.

What is Ubiquiti's operating income?

Ubiquiti's total operating income in 2024 was $499.00 million, based on the following breakdown:

Total Gross Profit: $739.76 million
Total Operating Expenses: $240.77 million

How has Ubiquiti's revenue changed over the last 10 years?

Over the last 10 years, Ubiquiti's total revenue changed from $572.46 million in 2014 to $1.93 billion in 2024, a change of 236.9%.

How much debt does Ubiquiti have?

Ubiquiti's total liabilities were at $1.06 billion at the end of 2024, a 30.4% decrease from 2023, and a 651.9% increase since 2014.

How much cash does Ubiquiti have?

In the past 10 years, Ubiquiti's cash and equivalents has ranged from $114.83 million in 2023 to $666.68 million in 2018, and is currently $126.34 million as of their latest financial filing in 2024.

How has Ubiquiti's book value per share changed over the last 10 years?

Over the last 10 years, Ubiquiti's book value per share changed from 3.81 in 2014 to 1.57 in 2024, a change of -58.7%.

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This page (NYSE:UI) was last updated on 8/9/2025 by MarketBeat.com Staff

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Ubiquiti (UI) Financials

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Ubiquiti (UI) Financials

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