Ubiquiti (UI) Financials

$529.38 -2.91 (-0.55%)

Closing price 08/29/2025 03:59 PM Eastern

Extended Trading

$528.04 -1.34 (-0.25%)

As of 08/29/2025 05:38 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	130	214	258	196	323	380	617	379	408	350	712
Consolidated Net Income / (Loss)	130	214	258	196	323	380	617	379	408	350	712
Net Income / (Loss) Continuing Operations	130	214	258	196	323	380	617	379	408	350	712
Total Pre-Tax Income	146	240	285	314	381	450	728	444	486	424	806
Total Operating Income	147	242	290	326	394	478	743	462	545	499	836
Total Gross Profit	262	325	396	444	538	608	912	670	761	740	1,117
Total Revenue	596	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928	2,574
Operating Revenue	596	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928	2,574
Total Cost of Revenue	334	342	470	573	624	676	986	1,022	1,180	1,189	1,456
Operating Cost of Revenue	334	342	470	573	624	676	986	1,022	1,180	1,189	1,456
Total Operating Expenses	115	83	106	117	143	130	170	208	216	241	281
Selling, General & Admin Expense	22	33	37	43	43	41	54	70	71	81	111
Research & Development Expense	55	58	69	74	82	89	116	138	145	160	170
Total Other Income / (Expense), net	-1.13	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75	-31
Other Income / (Expense), net	-1.13	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75	-31
Income Tax Expense	16	26	28	118	59	70	111	66	79	74	94
Basic Earnings per Share	$1.47	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79	$11.77
Weighted Average Basic Shares Outstanding	88.01M	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M	60.48M
Diluted Earnings per Share	$1.45	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79	$11.76
Weighted Average Diluted Shares Outstanding	89.57M	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M	60.53M
Weighted Average Basic & Diluted Shares Outstanding	88.20M	84.40M	81.50M	77.30M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M	60.50M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	112	99	104	88	82	76	104	128	137	180	267
Consolidated Net Income / (Loss)	112	99	104	88	82	76	104	128	137	180	267
Net Income / (Loss) Continuing Operations	112	99	104	88	82	76	104	128	137	180	267
Total Pre-Tax Income	134	117	124	107	103	92	122	159	167	221	258
Total Operating Income	145	134	144	128	121	111	138	169	179	227	261
Total Gross Profit	198	188	203	184	178	174	204	232	247	296	343
Total Revenue	494	458	491	463	465	493	507	550	600	664	759
Operating Revenue	494	458	491	463	465	493	507	550	600	664	759
Total Cost of Revenue	296	269	288	279	287	319	303	319	353	368	416
Operating Cost of Revenue	296	269	288	279	287	319	303	319	353	368	416
Total Operating Expenses	52	55	59	56	57	63	66	62	68	69	81
Selling, General & Admin Expense	19	17	19	19	20	20	22	24	28	25	34
Research & Development Expense	34	38	41	36	37	42	44	38	40	44	47
Total Other Income / (Expense), net	-11	-16	-20	-21	-18	-19	-17	-11	-11	-5.42	-3.19
Other Income / (Expense), net	-11	-16	-20	-21	-18	-19	-17	-11	-11	-5.42	-3.19
Income Tax Expense	22	18	20	19	21	16	18	31	31	41	-8.49
Basic Earnings per Share	$1.86	$1.63	$1.72	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41
Weighted Average Basic Shares Outstanding	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M
Diluted Earnings per Share	$1.86	$1.63	$1.71	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40
Weighted Average Diluted Shares Outstanding	60.45M	60.46M	60.45M	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M
Weighted Average Basic & Diluted Shares Outstanding	60.44M	60.44M	60.45M	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	6/30/2025
Net Change in Cash & Equivalents	99	105	53	62	-429	-96	107	-113	-21	12	23
Net Cash From Operating Activities	135	198	112	332	259	460	612	370	-145	542	640
Net Cash From Continuing Operating Activities	135	198	112	332	259	460	612	370	-145	542	640
Net Income / (Loss) Continuing Operations	130	214	258	196	323	380	617	379	408	350	712
Consolidated Net Income / (Loss)	130	214	258	196	323	380	617	379	408	350	712
Depreciation Expense	4.97	6.04	7.10	7.31	7.56	7.70	12	14	16	19	22
Amortization Expense	-	0.26	0.26	0.75	0.42	1.76	1.81	1.41	1.41	1.73	2.02
Non-Cash Adjustments To Reconcile Net Income	13	-3.47	-17	25	34	22	-2.57	-63	-23	32	100
Changes in Operating Assets and Liabilities, net	-13	-19	-135	103	-106	48	-16	39	-548	138	-196
Net Cash From Investing Activities	-13	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12	-13
Net Cash From Continuing Investing Activities	-13	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12	-13
Purchase of Property, Plant & Equipment	-13	-6.25	-7.23	-9.12	-52	-31	-18	-13	-21	-12	-13
Net Cash From Financing Activities	-23	-87	-52	-260	-530	-625	-486	-472	145	-518	-604
Net Cash From Continuing Financing Activities	-23	-87	-52	-260	-530	-625	-486	-472	145	-518	-604
Repayment of Debt	-75	-24	-45	-493	-25	-273	-277	-50	-374	-373	-488
Payment of Dividends	-15	-	0.00	0.00	-71	-79	-101	-148	-145	-145	-145
Issuance of Debt	100	130	99	719	35	428	113	345	665	0.00	30
Other Financing Activities, net	3.78	2.11	-0.19	-41	-0.64	-0.95	-0.87	-1.09	-0.66	-0.43	-0.78
Cash Interest Paid	1.29	2.35	5.19	11	23	22	12	12	54	75	31
Cash Income Taxes Paid	13	19	26	9.61	42	75	140	78	110	109	177

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	6/30/2025
Net Change in Cash & Equivalents	23	-6.99	-38	-6.30	-11	4.89	24	39	-32	18	-1.24
Net Cash From Operating Activities	-40	-162	14	68	79	164	231	234	152	124	130
Net Cash From Continuing Operating Activities	-40	-162	14	68	79	164	231	234	152	124	130
Net Income / (Loss) Continuing Operations	112	99	104	88	82	76	104	128	137	180	267
Consolidated Net Income / (Loss)	112	99	104	88	82	76	104	128	137	180	267
Depreciation Expense	3.95	4.53	4.13	5.13	4.51	5.07	4.54	6.13	4.58	6.91	4.29
Amortization Expense	0.33	0.33	0.43	0.43	0.43	0.43	0.43	1.04	0.33	0.33	0.33
Non-Cash Adjustments To Reconcile Net Income	-9.06	-17	-29	-20	17	4.33	31	30	31	15	23
Changes in Operating Assets and Liabilities, net	-147	-249	-65	-5.40	-26	78	92	68	-20	-80	-164
Net Cash From Investing Activities	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17
Net Cash From Continuing Investing Activities	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17
Purchase of Property, Plant & Equipment	-4.81	-2.18	-5.28	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17
Net Cash From Financing Activities	67	157	-47	-71	-86	-156	-206	-192	-183	-103	-126
Net Cash From Continuing Financing Activities	67	157	-47	-71	-86	-156	-206	-192	-183	-103	-126
Repayment of Debt	-26	-6.25	-296	-34	-49	-119	-169	-156	-146	-96	-90
Payment of Dividends	-36	-36	-36	-36	-36	-36	-36	-36	-36	-36	-36
Other Financing Activities, net	-0.05	-0.08	-0.01	-0.31	-0.01	-0.08	-0.03	-0.32	-	-0.32	-0.13
Cash Interest Paid	12	16	20	22	19	18	16	12	8.26	6.18	4.59
Cash Income Taxes Paid	51	23	22	20	48	24	16	24	54	48	51

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	6/30/2025
Total Assets	601	747	973	1,023	876	737	891	845	1,406	1,154	1,466
Total Current Assets	581	728	952	1,001	754	587	694	622	1,167	916	1,173
Cash & Equivalents	446	551	604	667	238	143	249	136	115	126	150
Accounts Receivable	66	83	141	175	156	142	172	120	168	169	245
Inventories, net	37	57	142	102	264	286	234	262	737	462	675
Prepaid Expenses	7.71	6.90	9.03	19	14	9.03	17	13	22	35	56
Other Current Assets	20	30	54	39	12	5.93	20	90	125	123	48
Plant, Property, & Equipment, net	16	13	13	14	14	79	79	80	87	81	73
Total Noncurrent Assets	3.62	5.77	7.46	6.90	108	72	118	143	153	157	220
Noncurrent Deferred & Refundable Income Taxes	1.52	4.20	5.13	3.11	2.91	4.10	4.78	6.62	24	36	108
Other Noncurrent Operating Assets	2.11	1.58	2.33	3.79	74	68	112	136	129	121	112
Total Liabilities & Shareholders' Equity	601	747	973	1,023	876	737	891	845	1,406	1,154	1,466
Total Liabilities	178	307	371	707	777	1,033	888	1,228	1,522	1,059	798
Total Current Liabilities	70	91	98	113	179	264	276	311	352	285	711
Short-Term Debt	10	11	15	24	31	24	24	24	37	37	250
Accounts Payable	44	52	49	14	39	156	112	84	154	51	165
Current Deferred & Payable Income Tax Liabilities	1.11	1.49	1.71	5.78	26	31	14	14	19	23	41
Other Current Liabilities	15	27	33	69	84	54	126	189	142	174	256
Total Noncurrent Liabilities	108	216	272	594	597	769	612	917	1,170	775	87
Long-Term Debt	88	192	242	460	465	628	467	763	1,041	670	0.00
Capital Lease Obligations	-	-	-	-	0.00	19	32	54	46	37	35
Noncurrent Deferred Revenue	0.97	1.30	-	128	124	115	104	94	75	54	26
Noncurrent Deferred & Payable Income Tax Liabilities	20	23	28	-	-	-	-	0.00	0.23	0.49	0.33
Other Noncurrent Operating Liabilities	-	-	2.62	5.84	8.44	6.31	8.56	5.82	7.77	13	26
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	422	440	602	316	99	-295	2.70	-383	-116	95	668
Total Preferred & Common Equity	422	440	602	316	99	-295	2.70	-383	-116	95	668
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	422	440	602	316	99	-295	2.70	-383	-116	95	668
Common Stock	0.09	0.08	0.61	0.47	0.07	0.51	0.06	0.71	4.78	11	17
Retained Earnings	422	440	601	315	99	-296	2.64	-383	-121	84	651

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.10%	11.82%	29.84%	17.52%	14.25%	10.57%	47.77%	-10.87%	14.71%	-0.62%	33.45%
EBITDA Growth	-23.66%	63.37%	18.74%	10.20%	20.88%	18.02%	61.33%	-38.03%	9.68%	-11.75%	86.50%
EBIT Growth	-25.11%	64.63%	18.79%	10.22%	21.44%	18.01%	61.63%	-38.92%	9.43%	-12.85%	90.09%
NOPAT Growth	-26.65%	64.92%	21.48%	-22.16%	63.67%	21.11%	55.77%	-37.41%	15.90%	-9.73%	79.35%
Net Income Growth	-26.72%	64.75%	20.55%	-23.77%	64.40%	17.85%	62.13%	-38.59%	7.65%	-14.15%	103.43%
EPS Growth	-26.40%	71.72%	24.10%	-18.77%	79.68%	28.60%	68.62%	-37.32%	9.95%	-14.10%	103.11%
Operating Cash Flow Growth	10.90%	46.79%	-43.28%	196.38%	-21.92%	77.54%	32.97%	-39.50%	-139.28%	472.36%	18.19%
Free Cash Flow Firm Growth	3.85%	67.05%	-49.42%	225.50%	-34.48%	101.34%	37.24%	-40.87%	-133.39%	611.91%	9.22%
Invested Capital Growth	21.24%	25.46%	176.52%	-47.33%	90.56%	-9.23%	18.38%	17.11%	178.29%	-20.26%	12.81%
Revenue Q/Q Growth	-1.77%	6.46%	5.22%	4.22%	35.09%	0.00%	9.35%	-2.01%	2.53%	0.86%	10.84%
EBITDA Q/Q Growth	-22.70%	30.58%	2.20%	4.86%	39.86%	0.00%	10.08%	-14.18%	4.16%	-0.47%	19.66%
EBIT Q/Q Growth	-23.70%	31.77%	1.94%	4.82%	41.19%	0.00%	10.12%	-14.57%	4.18%	-0.59%	20.43%
NOPAT Q/Q Growth	-25.67%	33.16%	1.35%	5.51%	38.12%	0.00%	10.55%	-12.66%	4.71%	-0.47%	26.25%
Net Income Q/Q Growth	-25.72%	33.15%	1.17%	5.03%	38.15%	0.00%	11.12%	-14.04%	2.82%	0.04%	29.67%
EPS Q/Q Growth	-25.64%	34.59%	1.64%	8.19%	41.82%	0.00%	11.52%	-13.05%	2.59%	0.17%	29.52%
Operating Cash Flow Q/Q Growth	-21.84%	16.08%	0.52%	0.24%	26.35%	0.00%	6.86%	-20.29%	-61.78%	66.85%	-13.64%
Free Cash Flow Firm Q/Q Growth	-24.57%	22.15%	-8.55%	-5.11%	149.37%	76.41%	82.23%	-14.67%	-60.46%	57.19%	-15.40%
Invested Capital Q/Q Growth	-13.02%	8.24%	8.44%	55.67%	5.26%	0.00%	10.85%	10.09%	11.70%	-14.84%	22.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.00%	48.74%	45.73%	43.62%	46.28%	47.35%	48.06%	39.59%	39.20%	38.36%	43.42%
EBITDA Margin	25.29%	36.95%	33.79%	31.69%	33.52%	35.78%	39.07%	27.16%	25.97%	23.06%	32.23%
Operating Margin	24.65%	36.32%	33.49%	32.07%	33.94%	37.23%	39.12%	27.33%	28.06%	25.88%	32.50%
EBIT Margin	24.46%	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%	31.31%
Profit (Net Income) Margin	21.76%	32.06%	29.76%	19.30%	27.78%	29.61%	32.48%	22.38%	21.01%	18.15%	27.66%
Tax Burden Percent	88.96%	89.03%	90.35%	62.48%	84.59%	84.47%	84.74%	85.20%	83.82%	82.57%	88.37%
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	11.04%	10.97%	9.65%	37.52%	15.41%	15.53%	15.26%	14.80%	16.18%	17.43%	11.63%
Return on Invested Capital (ROIC)	195.50%	260.97%	151.31%	105.05%	171.52%	166.04%	248.91%	132.37%	75.18%	51.33%	97.50%
ROIC Less NNEP Spread (ROIC-NNEP)	195.83%	261.51%	152.54%	107.88%	254.46%	159.11%	245.74%	129.25%	69.48%	43.69%	90.31%
Return on Net Nonoperating Assets (RNNOA)	-161.26%	-211.43%	-101.89%	-62.26%	-16.02%	-553.74%	-670.13%	-331.57%	-238.69%	-3,437.00%	89.03%
Return on Equity (ROE)	34.24%	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%	186.53%
Cash Return on Invested Capital (CROIC)	176.30%	238.38%	57.54%	167.05%	109.19%	175.71%	232.07%	116.60%	-19.08%	73.87%	85.46%
Operating Return on Assets (OROA)	27.07%	35.61%	33.15%	31.49%	40.19%	55.81%	89.37%	51.21%	43.21%	33.10%	61.48%
Return on Assets (ROA)	24.08%	31.70%	29.95%	19.68%	34.00%	47.14%	75.73%	43.63%	36.22%	27.33%	54.33%
Return on Common Equity (ROCE)	34.24%	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%	186.53%
Return on Equity Simple (ROE_SIMPLE)	30.71%	48.51%	42.79%	62.17%	325.04%	-128.71%	0.00%	-98.90%	-352.23%	368.15%	0.00%
Net Operating Profit after Tax (NOPAT)	131	215	262	204	334	404	629	394	456	412	739
NOPAT Margin	21.93%	32.34%	30.25%	20.04%	28.71%	31.45%	33.15%	23.28%	23.52%	21.37%	28.71%
Net Nonoperating Expense Percent (NNEP)	-0.32%	-0.54%	-1.23%	-2.83%	-82.93%	6.93%	3.17%	3.11%	5.70%	7.63%	7.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	77.52%
Cost of Revenue to Revenue	56.01%	51.26%	54.27%	56.38%	53.72%	52.65%	51.94%	60.41%	60.80%	61.64%	56.58%
SG&A Expenses to Revenue	3.63%	4.99%	4.26%	4.24%	3.72%	3.16%	2.82%	4.13%	3.66%	4.20%	4.33%
R&D to Revenue	9.16%	8.67%	7.99%	7.31%	7.06%	6.96%	6.12%	8.14%	7.48%	8.28%	6.59%
Operating Expenses to Revenue	19.35%	12.42%	12.24%	11.55%	12.34%	10.12%	8.94%	12.27%	11.14%	12.48%	10.93%
Earnings before Interest and Taxes (EBIT)	146	240	285	314	381	450	728	444	486	424	806
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	151	246	292	322	389	460	742	460	504	445	830
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.25	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64	37.26
Price to Tangible Book Value (P/TBV)	6.25	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64	37.26
Price to Revenue (P/Rev)	4.43	4.52	4.53	5.80	7.58	8.27	9.94	8.61	5.38	4.57	9.68
Price to Earnings (P/E)	20.36	14.10	15.23	30.05	27.27	27.94	30.60	38.44	25.59	25.17	34.98
Dividend Yield	0.57%	0.00%	0.00%	0.00%	0.80%	0.72%	0.53%	1.00%	1.74%	1.65%	0.58%
Earnings Yield	4.91%	7.09%	6.57%	3.33%	3.67%	3.58%	3.27%	2.60%	3.91%	3.97%	2.86%
Enterprise Value to Invested Capital (EV/IC)	31.27	28.99	14.06	42.70	35.12	48.18	69.83	47.54	12.81	13.23	31.16
Enterprise Value to Revenue (EV/Rev)	3.84	4.00	4.13	5.62	7.71	8.68	10.08	9.02	5.90	4.89	9.73
Enterprise Value to EBITDA (EV/EBITDA)	15.20	10.82	12.22	17.74	23.00	24.27	25.81	33.21	22.70	21.19	30.18
Enterprise Value to EBIT (EV/EBIT)	15.72	11.10	12.54	18.19	23.48	24.78	26.30	34.34	23.53	22.24	31.08
Enterprise Value to NOPAT (EV/NOPAT)	17.53	12.36	13.65	28.05	26.85	27.61	30.41	38.75	25.07	22.87	33.88
Enterprise Value to Operating Cash Flow (EV/OCF)	17.03	13.49	31.89	17.21	34.55	24.23	31.27	41.22	0.00	17.40	39.12
Enterprise Value to Free Cash Flow (EV/FCFF)	19.44	13.54	35.89	17.64	42.19	26.09	32.62	43.99	0.00	15.89	38.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.46	0.43	1.54	4.99	-2.27	193.83	-2.20	-9.71	7.82	0.43
Long-Term Debt to Equity	0.21	0.44	0.40	1.46	4.68	-2.19	184.99	-2.13	-9.40	7.44	0.05
Financial Leverage	-0.82	-0.81	-0.67	-0.58	-0.06	-3.48	-2.73	-2.57	-3.44	-78.66	0.99
Leverage Ratio	1.42	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87	3.43
Compound Leverage Factor	1.42	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87	3.43
Debt to Total Capital	18.76%	31.51%	29.89%	60.56%	83.31%	178.67%	99.49%	183.66%	111.48%	88.66%	29.90%
Short-Term Debt to Total Capital	1.92%	1.71%	1.72%	3.05%	5.16%	6.41%	4.54%	5.21%	3.62%	4.35%	26.18%
Long-Term Debt to Total Capital	16.84%	29.80%	28.17%	57.51%	78.15%	172.26%	94.95%	178.45%	107.86%	84.31%	3.72%
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	81.24%	68.49%	70.11%	39.44%	16.70%	-78.67%	0.51%	-83.66%	-11.48%	11.34%	70.10%
Debt to EBITDA	0.65	0.82	0.88	1.50	1.27	1.46	0.71	1.83	2.23	1.67	0.34
Net Debt to EBITDA	-2.31	-1.42	-1.19	-0.56	0.40	1.15	0.37	1.53	2.00	1.39	0.16
Long-Term Debt to EBITDA	0.58	0.78	0.83	1.43	1.19	1.41	0.67	1.78	2.16	1.59	0.04
Debt to NOPAT	0.75	0.94	0.98	2.38	1.49	1.66	0.83	2.13	2.46	1.80	0.39
Net Debt to NOPAT	-2.67	-1.62	-1.33	-0.89	0.47	1.30	0.43	1.79	2.21	1.50	0.18
Long-Term Debt to NOPAT	0.67	0.89	0.92	2.26	1.39	1.60	0.79	2.07	2.38	1.72	0.05
Altman Z-Score	12.68	9.69	10.12	8.49	10.51	9.89	18.14	10.66	7.21	8.63	23.29
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	8.29	8.03	9.67	8.87	4.21	2.22	2.51	2.00	3.32	3.22	1.65
Quick Ratio	7.31	6.99	7.56	7.45	2.59	1.08	1.53	0.82	0.80	1.04	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	118	197	100	324	212	427	587	347	-116	593	648
Operating Cash Flow to CapEx	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%	5,085.23%
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	1.11	0.99	1.01	1.02	1.22	1.59	2.33	1.95	1.72	1.51	1.96
Accounts Receivable Turnover	9.85	8.95	7.75	6.45	7.03	8.61	12.07	11.59	13.50	11.45	12.44
Inventory Turnover	8.01	7.26	4.72	4.69	3.41	2.46	3.79	4.12	2.36	1.98	2.56
Fixed Asset Turnover	52.13	46.67	66.90	74.65	83.14	27.88	24.09	21.24	23.23	22.96	33.29
Accounts Payable Turnover	8.58	7.16	9.34	18.17	23.63	6.96	7.37	10.44	9.92	11.58	13.49
Days Sales Outstanding (DSO)	37.05	40.78	47.11	56.55	51.93	42.37	30.23	31.49	27.03	31.89	29.34
Days Inventory Outstanding (DIO)	45.59	50.30	77.41	77.76	107.17	148.47	96.21	88.62	154.62	184.10	142.52
Days Payable Outstanding (DPO)	42.54	50.95	39.07	20.09	15.45	52.42	49.54	34.96	36.79	31.51	27.06
Cash Conversion Cycle (CCC)	40.10	40.12	85.45	114.22	143.65	138.42	76.90	85.15	144.86	184.47	144.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	73	92	254	134	255	232	274	321	893	712	804
Invested Capital Turnover	8.92	8.07	5.00	5.24	5.97	5.28	7.51	5.69	3.20	2.40	3.40
Increase / (Decrease) in Invested Capital	13	19	162	-120	121	-24	43	47	572	-181	91
Enterprise Value (EV)	2,291	2,664	3,573	5,716	8,957	11,154	19,138	15,261	11,442	9,424	25,037
Market Capitalization	2,640	3,013	3,921	5,898	8,801	10,627	18,866	14,557	10,433	8,807	24,901
Book Value per Share	$4.80	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57	$11.05
Tangible Book Value per Share	$4.80	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57	$11.05
Total Capital	520	643	858	801	595	376	526	458	1,008	839	953
Total Debt	98	203	257	485	495	671	523	841	1,124	744	285
Total Long-Term Debt	88	192	242	460	465	647	499	817	1,087	707	35
Net Debt	-349	-348	-348	-182	156	527	271	704	1,009	617	135
Capital Expenditures (CapEx)	13	6.25	7.23	9.12	52	31	18	13	21	12	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	98	264	246	297	203	191	198	737	541	562
Debt-free Net Working Capital (DFNWC)	521	649	869	913	605	346	442	334	852	668	712
Net Working Capital (NWC)	511	638	854	888	575	322	418	311	815	631	462
Net Nonoperating Expense (NNE)	1.01	1.88	4.28	7.49	11	24	13	15	49	62	27
Net Nonoperating Obligations (NNO)	-349	-348	-348	-182	156	527	271	704	1,009	617	135
Total Depreciation and Amortization (D&A)	4.97	6.29	7.36	8.06	7.97	9.45	14	15	18	21	24
Debt-free, Cash-free Net Working Capital to Revenue	12.55%	14.66%	30.56%	24.21%	25.59%	15.79%	10.06%	11.69%	37.97%	28.07%	21.85%
Debt-free Net Working Capital to Revenue	87.46%	97.35%	100.38%	89.77%	52.10%	26.97%	23.27%	19.77%	43.89%	34.62%	27.66%
Net Working Capital to Revenue	85.78%	95.70%	98.68%	87.37%	49.46%	25.10%	22.01%	18.36%	42.01%	32.73%	17.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.47	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79	$11.77
Adjusted Weighted Average Basic Shares Outstanding	88.01M	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M	60.48M
Adjusted Diluted Earnings per Share	$1.45	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79	$11.76
Adjusted Weighted Average Diluted Shares Outstanding	89.57M	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M	60.53M
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	87.45M	81.82M	80.35M	74.01M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M	60.50M
Normalized Net Operating Profit after Tax (NOPAT)	131	215	262	204	349	404	629	394	456	412	739
Normalized NOPAT Margin	21.93%	32.34%	30.25%	20.04%	30.02%	31.45%	33.15%	23.28%	23.52%	21.37%	28.71%
Pre Tax Income Margin	24.46%	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%	31.31%
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	11.58%	0.00%	0.00%	0.00%	22.11%	20.69%	16.35%	39.10%	35.58%	41.46%	20.39%
Augmented Payout Ratio	39.74%	91.16%	40.86%	226.71%	167.21%	204.79%	51.99%	202.34%	35.58%	41.46%	20.39%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.37%	27.85%	10.82%	-7.03%	-5.80%	7.69%	3.33%	18.84%	29.02%	34.72%	49.60%
EBITDA Growth	9.36%	92.69%	18.55%	-2.36%	-21.99%	-19.72%	-1.63%	47.18%	59.85%	133.69%	107.72%
EBIT Growth	9.14%	97.17%	18.69%	-3.85%	-23.19%	-21.08%	-2.03%	48.14%	62.75%	139.78%	112.42%
NOPAT Growth	14.83%	111.76%	20.70%	2.99%	-20.51%	-18.31%	-1.72%	29.84%	51.14%	101.19%	128.50%
Net Income Growth	8.25%	95.77%	12.08%	-5.83%	-26.82%	-22.61%	0.12%	45.86%	66.59%	136.51%	156.93%
EPS Growth	12.05%	98.78%	11.04%	-5.84%	-26.88%	-22.70%	0.58%	46.21%	66.18%	136.51%	155.81%
Operating Cash Flow Growth	-141.66%	-255.73%	-79.36%	61.21%	298.18%	201.02%	1,502.06%	245.24%	93.98%	-24.58%	-43.67%
Free Cash Flow Firm Growth	-3,565.62%	-4,598.53%	-957.73%	-13,636.36%	-299.75%	113.95%	166.18%	202.69%	263.46%	561.76%	-40.25%
Invested Capital Growth	56.67%	174.26%	178.29%	141.28%	71.88%	4.59%	-20.26%	-33.44%	-35.33%	-21.56%	12.81%
Revenue Q/Q Growth	-0.91%	-7.25%	7.28%	-5.70%	0.41%	6.03%	2.93%	8.45%	9.00%	10.72%	14.30%
EBITDA Q/Q Growth	19.76%	-11.79%	5.53%	-12.43%	-4.31%	-9.21%	29.30%	31.03%	3.92%	32.73%	14.94%
EBIT Q/Q Growth	20.22%	-12.59%	6.02%	-13.70%	-3.96%	-10.20%	31.62%	30.50%	5.51%	32.30%	16.60%
NOPAT Q/Q Growth	19.16%	-7.55%	6.89%	-12.55%	-8.03%	-4.98%	28.61%	15.54%	7.05%	26.48%	46.06%
Net Income Q/Q Growth	20.41%	-12.15%	5.17%	-15.36%	-6.42%	-7.09%	36.07%	23.30%	6.88%	31.90%	47.81%
EPS Q/Q Growth	20.78%	-12.37%	4.91%	-15.20%	-6.21%	-7.35%	36.51%	23.26%	6.60%	31.86%	47.65%
Operating Cash Flow Q/Q Growth	-194.44%	-309.08%	108.90%	368.58%	16.10%	108.51%	41.23%	0.98%	-34.77%	-18.93%	5.49%
Free Cash Flow Firm Q/Q Growth	-2,198.02%	-448.34%	-14.26%	4.59%	33.12%	119.13%	442.10%	48.06%	6.45%	-22.54%	-51.06%
Invested Capital Q/Q Growth	41.10%	49.26%	11.70%	2.56%	0.52%	-9.18%	-14.84%	-14.39%	-2.32%	10.15%	22.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.03%	41.17%	41.40%	39.71%	38.21%	35.31%	40.23%	42.09%	41.21%	44.55%	45.15%
EBITDA Margin	27.99%	26.62%	26.19%	24.32%	23.18%	19.85%	24.93%	30.13%	28.72%	34.43%	34.62%
Operating Margin	29.41%	29.17%	29.30%	27.71%	26.05%	22.56%	27.27%	30.75%	29.81%	34.16%	34.43%
EBIT Margin	27.13%	25.56%	25.26%	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%
Profit (Net Income) Margin	22.73%	21.53%	21.11%	18.95%	17.66%	15.47%	20.46%	23.26%	22.80%	27.17%	35.13%
Tax Burden Percent	83.81%	84.23%	83.56%	81.95%	79.85%	82.61%	85.40%	80.68%	81.73%	81.48%	103.29%
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	16.19%	15.77%	16.44%	18.05%	20.15%	17.39%	14.60%	19.32%	18.27%	18.52%	-3.29%
Return on Invested Capital (ROIC)	100.69%	85.22%	78.25%	66.77%	53.59%	43.56%	55.94%	65.54%	69.10%	86.60%	120.77%
ROIC Less NNEP Spread (ROIC-NNEP)	99.01%	83.50%	76.32%	64.71%	51.90%	41.82%	54.17%	64.32%	67.59%	85.74%	119.89%
Return on Net Nonoperating Assets (RNNOA)	-443.71%	-258.90%	-262.17%	-280.53%	-338.61%	-473.27%	-4,261.31%	720.40%	305.54%	191.25%	118.19%
Return on Equity (ROE)	-343.03%	-173.68%	-183.92%	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%
Cash Return on Invested Capital (CROIC)	41.63%	-13.23%	-19.08%	-11.86%	6.80%	46.12%	73.87%	98.24%	107.85%	102.61%	85.46%
Operating Return on Assets (OROA)	45.04%	45.33%	43.56%	37.90%	31.89%	27.56%	36.08%	45.64%	47.65%	61.39%	66.80%
Return on Assets (ROA)	37.75%	38.18%	36.40%	31.06%	25.46%	22.77%	30.81%	36.82%	38.94%	50.02%	69.00%
Return on Common Equity (ROCE)	-343.03%	-173.68%	-183.92%	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%
Return on Equity Simple (ROE_SIMPLE)	-140.45%	-214.92%	0.00%	-637.78%	-2,366.87%	1,352.12%	0.00%	207.40%	153.17%	125.89%	0.00%
Net Operating Profit after Tax (NOPAT)	122	112	120	105	97	92	118	137	146	185	270
NOPAT Margin	24.65%	24.57%	24.48%	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	35.57%
Net Nonoperating Expense Percent (NNEP)	1.67%	1.73%	1.93%	2.07%	1.70%	1.74%	1.77%	1.22%	1.51%	0.86%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	9.49%	-	-	-	20.06%	22.91%	28.32%
Cost of Revenue to Revenue	59.97%	58.83%	58.60%	60.29%	61.79%	64.69%	59.77%	57.91%	58.79%	55.45%	54.85%
SG&A Expenses to Revenue	3.78%	3.66%	3.85%	4.17%	4.22%	4.13%	4.28%	4.44%	4.74%	3.73%	4.46%
R&D to Revenue	6.84%	8.35%	8.25%	7.84%	7.94%	8.62%	8.69%	6.90%	6.66%	6.66%	6.25%
Operating Expenses to Revenue	10.62%	12.00%	12.11%	12.00%	12.16%	12.75%	12.96%	11.34%	11.41%	10.39%	10.71%
Earnings before Interest and Taxes (EBIT)	134	117	124	107	103	92	122	159	167	221	258
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	138	122	129	113	108	98	127	166	172	229	263
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	269.58	92.64	71.26	69.11	43.02	37.26
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	269.58	92.64	71.26	69.11	43.02	37.26
Price to Revenue (P/Rev)	9.00	8.49	5.38	4.53	4.43	3.65	4.57	6.65	9.33	8.08	9.68
Price to Earnings (P/E)	46.36	40.54	25.59	21.45	22.36	19.94	25.17	34.36	45.12	34.17	34.98
Dividend Yield	1.12%	1.13%	1.74%	2.10%	1.74%	2.08%	1.65%	1.08%	0.72%	0.77%	0.58%
Earnings Yield	2.16%	2.47%	3.91%	4.66%	4.47%	5.02%	3.97%	2.91%	2.22%	2.93%	2.86%
Enterprise Value to Invested Capital (EV/IC)	31.59	21.33	12.81	10.49	10.05	9.31	13.23	22.68	34.21	28.93	31.16
Enterprise Value to Revenue (EV/Rev)	9.44	9.01	5.90	5.04	4.93	4.07	4.89	6.86	9.47	8.17	9.73
Enterprise Value to EBITDA (EV/EBITDA)	39.80	35.25	22.70	19.17	19.66	17.42	21.19	27.77	36.23	27.38	30.18
Enterprise Value to EBIT (EV/EBIT)	41.38	36.54	23.53	19.93	20.52	18.26	22.24	29.09	37.74	28.37	31.08
Enterprise Value to NOPAT (EV/NOPAT)	44.96	39.13	25.07	20.90	21.30	18.81	22.87	31.21	41.38	32.43	33.88
Enterprise Value to Operating Cash Flow (EV/OCF)	95.93	0.00	0.00	0.00	0.00	23.99	17.40	19.55	26.08	25.61	39.12
Enterprise Value to Free Cash Flow (EV/FCFF)	92.65	0.00	0.00	0.00	186.93	20.64	15.89	18.45	24.92	24.79	38.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.80	-6.16	-9.71	-17.25	-65.79	35.29	7.82	3.12	1.51	0.85	0.43
Long-Term Debt to Equity	-3.71	-6.03	-9.40	-16.67	-63.46	33.88	7.44	2.99	1.42	0.07	0.05
Financial Leverage	-4.48	-3.10	-3.44	-4.34	-6.52	-11.32	-78.66	11.20	4.52	2.23	0.99
Leverage Ratio	-8.56	-4.11	-4.51	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43
Compound Leverage Factor	-8.56	-4.11	-4.51	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43
Debt to Total Capital	135.65%	119.37%	111.48%	106.15%	101.54%	97.24%	88.66%	75.72%	60.14%	45.96%	29.90%
Short-Term Debt to Total Capital	3.51%	2.56%	3.62%	3.56%	3.58%	3.89%	4.35%	3.15%	3.35%	42.06%	26.18%
Long-Term Debt to Total Capital	132.14%	116.81%	107.86%	102.59%	97.96%	93.36%	84.31%	72.57%	56.79%	3.90%	3.72%
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	-35.65%	-19.37%	-11.48%	-6.15%	-1.54%	2.76%	11.34%	24.28%	39.86%	54.04%	70.10%
Debt to EBITDA	2.22	2.35	2.23	2.17	2.20	2.04	1.67	1.18	0.78	0.54	0.34
Net Debt to EBITDA	1.84	2.03	2.00	1.95	1.99	1.81	1.39	0.85	0.54	0.32	0.16
Long-Term Debt to EBITDA	2.16	2.30	2.16	2.10	2.12	1.96	1.59	1.13	0.74	0.05	0.04
Debt to NOPAT	2.51	2.61	2.46	2.37	2.38	2.21	1.80	1.32	0.89	0.63	0.39
Net Debt to NOPAT	2.08	2.26	2.21	2.13	2.15	1.96	1.50	0.95	0.62	0.38	0.18
Long-Term Debt to NOPAT	2.44	2.55	2.38	2.29	2.30	2.12	1.72	1.27	0.84	0.05	0.05
Altman Z-Score	8.37	8.34	6.36	5.83	6.07	6.06	7.76	11.28	16.63	16.14	22.05
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	2.03	3.18	3.32	3.41	3.84	3.95	3.22	2.54	2.22	1.39	1.65
Quick Ratio	0.61	0.83	0.80	0.82	0.94	1.14	1.04	0.93	0.70	0.48	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-72	-396	-452	-431	-288	55	299	443	471	365	179
Operating Cash Flow to CapEx	-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%	2,522.37%
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	1.66	1.77	1.72	1.64	1.44	1.47	1.51	1.58	1.71	1.84	1.96
Accounts Receivable Turnover	12.93	16.19	13.50	12.05	11.61	11.45	11.45	11.75	12.68	11.33	12.44
Inventory Turnover	2.47	2.37	2.36	2.13	1.69	1.84	1.98	2.13	2.12	2.39	2.56
Fixed Asset Turnover	21.55	22.80	23.23	22.40	21.97	22.85	22.96	24.87	26.93	30.25	33.29
Accounts Payable Turnover	6.48	8.92	9.92	10.38	6.67	10.46	11.58	13.89	12.07	13.78	13.49
Days Sales Outstanding (DSO)	28.24	22.55	27.03	30.29	31.44	31.87	31.89	31.07	28.79	32.21	29.34
Days Inventory Outstanding (DIO)	147.52	154.16	154.62	171.04	215.66	198.64	184.10	171.27	172.25	152.74	142.52
Days Payable Outstanding (DPO)	56.34	40.92	36.79	35.17	54.74	34.91	31.51	26.27	30.23	26.49	27.06
Cash Conversion Cycle (CCC)	119.43	135.78	144.86	166.16	192.37	195.61	184.47	176.07	170.81	158.46	144.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	536	800	893	916	921	836	712	610	596	656	804
Invested Capital Turnover	4.09	3.47	3.20	2.94	2.58	2.34	2.40	2.64	2.84	3.11	3.40
Increase / (Decrease) in Invested Capital	194	508	572	536	385	37	-181	-306	-325	-180	91
Enterprise Value (EV)	16,928	17,058	11,442	9,608	9,257	7,785	9,424	13,829	20,377	18,980	25,037
Market Capitalization	16,144	16,074	10,433	8,629	8,320	6,975	8,807	13,407	20,072	18,760	24,901
Book Value per Share	($4.10)	($3.05)	($1.91)	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05
Tangible Book Value per Share	($4.10)	($3.05)	($1.91)	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05
Total Capital	695	952	1,008	1,025	1,019	939	839	775	729	807	953
Total Debt	943	1,137	1,124	1,088	1,034	913	744	587	438	371	285
Total Long-Term Debt	919	1,112	1,087	1,051	998	876	707	562	414	31	35
Net Debt	784	984	1,009	979	937	811	617	422	305	220	135
Capital Expenditures (CapEx)	4.81	2.18	5.28	3.03	3.85	3.23	1.87	2.60	1.99	2.83	5.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	395	662	737	744	757	681	541	422	421	492	562
Debt-free Net Working Capital (DFNWC)	554	814	852	852	854	784	668	587	554	643	712
Net Working Capital (NWC)	530	790	815	816	818	747	631	562	529	304	462
Net Nonoperating Expense (NNE)	9.45	14	17	17	15	16	14	8.53	9.35	4.42	3.29
Net Nonoperating Obligations (NNO)	784	984	1,009	979	937	811	617	422	305	220	135
Total Depreciation and Amortization (D&A)	4.28	4.85	4.55	5.57	4.94	5.50	4.97	7.16	4.92	7.23	4.61
Debt-free, Cash-free Net Working Capital to Revenue	22.02%	34.97%	37.97%	39.02%	40.32%	35.63%	28.07%	20.92%	19.56%	21.20%	21.85%
Debt-free Net Working Capital to Revenue	30.93%	43.03%	43.89%	44.72%	45.53%	40.99%	34.62%	29.11%	25.75%	27.70%	27.66%
Net Working Capital to Revenue	29.56%	41.74%	42.01%	42.80%	43.58%	39.08%	32.73%	27.90%	24.61%	13.08%	17.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.86	$1.63	$1.72	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41
Adjusted Weighted Average Basic Shares Outstanding	60.43M	60.44M	60.44M	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M
Adjusted Diluted Earnings per Share	$1.86	$1.63	$1.71	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40
Adjusted Weighted Average Diluted Shares Outstanding	60.45M	60.46M	60.45M	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M
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	60.44M	60.44M	60.45M	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M
Normalized Net Operating Profit after Tax (NOPAT)	122	112	120	105	97	92	118	137	146	185	183
Normalized NOPAT Margin	24.65%	24.57%	24.48%	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	24.10%
Pre Tax Income Margin	27.13%	25.56%	25.26%	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%
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	41.82%	36.58%	35.58%	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%
Augmented Payout Ratio	41.82%	36.58%	35.58%	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%

Key Financial Trends

Ubiquiti Inc. has demonstrated consistent revenue growth over the last four years, with Q4 2025 total revenue reaching approximately $759 million, up from around $358 million in Q3 2022. This steady increase reflects growing demand for the company's products and effective market penetration.

Gross profit margins have remained robust, with Q4 2025 gross profit at $343 million, representing a gross margin around 45%. Operating expenses, including R&D and selling, general & administrative costs, have also increased but at a managed rate, supporting strong operating incomes. For example, Q4 2025 operating income was $261 million, up significantly from $62.6 million in Q3 2022.

Net income has shown an upward trend, reaching approximately $267 million in Q4 2025 compared to $50 million in Q3 2022. Earnings per share have increased accordingly, with diluted EPS climbing to $4.40 in Q4 2025 from $0.82 in Q3 2022, indicating effective earnings growth and share management.

Operational cash flows have generally been strong, although there is notable volatility linked to changes in working capital. For instance, Q4 2025 operating cash flow was around $130 million, supporting ongoing investments in property, plant, and equipment and financing activities.

The company has proactively managed its debt, with substantial repayments observed each quarter. For example, Q4 2025 saw $90 million in debt repayments, reflecting efforts to reduce leverage. However, total liabilities remain significant, with a high level of short-term debt—a consideration for financial stability.

Equity has improved significantly from a negative balance in early 2023 to positive territory by mid-2025, indicating strengthened balance sheet health and retained earnings growth.

Strong and consistent revenue growth from 2022 through 2025, reaching $759 million in Q4 2025.
Increasing gross profit and stable gross margins near 45%, supporting strong profitability.
Growth in net income and diluted EPS, with Q4 2025 EPS at $4.40 versus $0.82 in Q3 2022.
Robust operating cash flows supporting capital expenditures and debt reduction.
Consistent debt repayment, reflecting management focus on reducing leverage.
Stable payment of dividends at $0.60 per common share per quarter, indicating shareholder return policy consistency.
Capital expenditures have increased gradually but remain a modest portion of cash flows, supporting asset base maintenance.
Inventories have increased substantially over the years, which may signal product demand growth or potential inventory management risk.
High levels of short-term debt compared to cash and equivalents, potentially affecting liquidity risk.
Equity was negative as recently as early 2023, though improved by 2025, historical negative equity may concern some investors.

In summary, Ubiquiti presents a strong growth trajectory with improving profitability and cash flow generation. The company’s refinancing and debt reduction efforts are positive signs, though investors should monitor working capital management and liquidity metrics carefully. Continuing operational efficiency and prudent capital management remain key for sustained financial health.

08/30/25 01:45 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Ubiquiti's Financials

When does Ubiquiti's fiscal year end?

According to the most recent income statement we have on file, Ubiquiti's financial year ends in June. Their financial year 2025 ended on June 30, 2025.

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 $711.92 million in 2025, rising from $129.66 million in 2015. The previous period was $349.96 million in 2024. View Ubiquiti's forecast to see where analysts expect Ubiquiti to go next.

What is Ubiquiti's operating income?

Ubiquiti's total operating income in 2025 was $836.28 million, based on the following breakdown:

Total Gross Profit: $1.12 billion
Total Operating Expenses: $281.17 million

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

Over the last 10 years, Ubiquiti's total revenue changed from $595.95 million in 2015 to $2.57 billion in 2025, a change of 331.8%.

How much debt does Ubiquiti have?

Ubiquiti's total liabilities were at $798.19 million at the end of 2025, a 24.7% decrease from 2024, and a 347.4% increase since 2015.

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 $149.73 million as of their latest financial filing in 2025.

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 4.80 in 2015 to 11.05 in 2025, a change of 130.3%.

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This page (NYSE:UI) was last updated on 8/30/2025 by MarketBeat.com Staff

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Ubiquiti (UI) Financials

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Ubiquiti (UI) Financials

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