Ubiquiti (UI) Financials

$635.26 -24.76 (-3.75%)

As of 02:58 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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	88	82	76	104	128	137	180	267	208	234	234
Consolidated Net Income / (Loss)	88	82	76	104	128	137	180	267	208	234	234
Net Income / (Loss) Continuing Operations	88	82	76	104	128	137	180	267	208	234	234
Total Pre-Tax Income	107	103	92	122	159	167	221	258	259	291	290
Total Operating Income	128	121	111	138	169	179	227	261	262	293	291
Total Gross Profit	184	178	174	204	232	247	296	343	337	374	371
Total Revenue	463	465	493	507	550	600	664	759	734	815	788
Operating Revenue	463	465	493	507	550	600	664	759	734	815	788
Total Cost of Revenue	279	287	319	303	319	353	368	416	396	441	417
Operating Cost of Revenue	279	287	319	303	319	353	368	416	396	441	417
Total Operating Expenses	56	57	63	66	62	68	69	81	76	81	80
Selling, General & Admin Expense	19	20	20	22	24	28	25	34	27	30	28
Research & Development Expense	36	37	42	44	38	40	44	47	49	51	52
Total Other Income / (Expense), net	-21	-18	-19	-17	-11	-11	-5.42	-3.19	-3.18	-1.59	-0.66
Other Income / (Expense), net	-21	-18	-19	-17	-11	-11	-5.42	-3.19	-3.18	-1.59	-0.66
Income Tax Expense	19	21	16	18	31	31	41	-8.49	51	58	56
Basic Earnings per Share	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41	$3.44	$3.86	$3.87
Weighted Average Basic Shares Outstanding	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M	60.50M	60.50M	60.52M
Diluted Earnings per Share	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40	$3.43	$3.86	$3.86
Weighted Average Diluted Shares Outstanding	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M	60.56M	60.57M	60.57M
Weighted Average Basic & Diluted Shares Outstanding	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M	60.50M	60.52M	60.52M
Cash Dividends to Common per Share	$0.60	$0.60	$0.60	$0.60	-	$0.60	$0.60	-	-	$0.80	$0.80

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-6.30	-11	4.89	24	39	-32	18	-1.24	27	126	66
Net Cash From Operating Activities	68	79	164	231	234	152	124	130	198	264	168
Net Cash From Continuing Operating Activities	68	79	164	231	234	152	124	130	198	264	168
Net Income / (Loss) Continuing Operations	88	82	76	104	128	137	180	267	208	234	234
Consolidated Net Income / (Loss)	88	82	76	104	128	137	180	267	208	234	234
Depreciation Expense	5.13	4.51	5.07	4.54	6.13	4.58	6.91	4.29	5.09	4.53	4.62
Amortization Expense	0.43	0.43	0.43	0.43	1.04	0.33	0.33	0.33	0.33	0.33	0.32
Non-Cash Adjustments To Reconcile Net Income	-20	17	4.33	31	30	31	15	23	9.00	12	-9.47
Changes in Operating Assets and Liabilities, net	-5.40	-26	78	92	68	-20	-80	-164	-24	14	-62
Net Cash From Investing Activities	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56
Net Cash From Continuing Investing Activities	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56
Purchase of Property, Plant & Equipment	-3.03	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56
Net Cash From Financing Activities	-71	-86	-156	-206	-192	-183	-103	-126	-166	-135	-96
Net Cash From Continuing Financing Activities	-71	-86	-156	-206	-192	-183	-103	-126	-166	-135	-96
Repayment of Debt	-34	-49	-119	-169	-156	-146	-96	-90	-116	-86	-48
Payment of Dividends	-36	-36	-36	-36	-36	-36	-36	-36	-48	-48	-48
Other Financing Activities, net	-0.31	-0.01	-0.08	-0.03	-0.32	-	-0.32	-0.13	-1.18	-	-0.47
Cash Interest Paid	22	19	18	16	12	8.26	6.18	4.59	3.23	1.64	0.21
Cash Income Taxes Paid	20	48	24	16	24	54	48	51	43	112	72

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
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
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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	1,269	1,375	1,388	1,335	1,224	1,158	1,184	1,298	1,490	1,608	1,715
Total Current Assets	1,045	1,152	1,154	1,106	1,001	926	962	1,082	1,200	1,293	1,404
Cash & Equivalents	160	153	109	98	102	165	133	151	177	303	369
Accounts Receivable	152	146	169	171	188	175	168	222	245	214	246
Inventories, net	644	743	707	684	534	446	537	590	681	675	654
Prepaid Expenses	21	21	22	19	27	43	50	55	55	65	86
Other Current Assets	68	89	148	134	150	97	74	64	42	36	49
Plant, Property, & Equipment, net	86	85	85	84	82	77	75	71	73	74	74
Total Noncurrent Assets	138	138	149	145	141	154	147	145	217	241	238
Noncurrent Deferred & Refundable Income Taxes	6.49	6.48	24	23	23	36	36	36	108	108	108
Other Noncurrent Operating Assets	131	131	126	121	118	119	111	109	109	133	130
Total Liabilities & Shareholders' Equity	1,269	1,375	1,388	1,335	1,224	1,158	1,184	1,298	1,490	1,608	1,715
Total Liabilities	1,517	1,560	1,451	1,351	1,198	970	893	862	662	593	513
Total Current Liabilities	515	362	338	288	254	364	432	779	573	476	394
Short-Term Debt	24	24	37	37	37	24	24	339	133	47	0.00
Accounts Payable	245	159	124	92	65	53	122	130	243	250	168
Current Deferred & Payable Income Tax Liabilities	7.05	1.71	40	9.77	9.20	56	32	24	49	0.00	0.00
Other Current Liabilities	238	177	137	149	143	231	254	286	148	178	226
Total Noncurrent Liabilities	1,002	1,197	1,113	1,063	944	606	461	84	89	117	119
Capital Lease Obligations	49	49	44	40	37	35	33	31	34	58	56
Noncurrent Deferred Revenue	77	78	54	55	57	27	28	30	26	27	27
Other Noncurrent Operating Liabilities	6.19	7.11	7.93	9.74	11	16	19	22	29	33	36
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	-248	-184	-63	-16	26	188	290	436	828	1,016	1,202
Total Preferred & Common Equity	-248	-184	-63	-16	26	188	290	436	828	1,016	1,202
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	-248	-184	-63	-16	26	188	290	436	828	1,016	1,202
Common Stock	2.29	3.45	5.97	7.46	9.05	12	14	15	18	20	21
Retained Earnings	-250	-188	-69	-23	17	176	277	421	811	996	1,181

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,520,794.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,520,794.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.03%	-5.80%	7.69%	3.33%	18.84%	29.02%	34.72%	49.60%	33.33%	35.84%	18.67%
EBITDA Growth	-2.36%	-21.99%	-19.72%	-1.63%	47.18%	59.85%	133.69%	107.72%	59.21%	71.91%	29.05%
EBIT Growth	-3.85%	-23.19%	-21.08%	-2.03%	48.14%	62.75%	139.78%	112.42%	62.99%	74.05%	31.03%
NOPAT Growth	2.99%	-20.51%	-18.31%	-1.72%	29.84%	51.14%	101.19%	128.50%	54.14%	60.72%	26.83%
Net Income Growth	-5.83%	-26.82%	-22.61%	0.12%	45.86%	66.59%	136.51%	156.93%	62.42%	70.77%	29.64%
EPS Growth	-5.84%	-26.88%	-22.70%	0.58%	46.21%	66.18%	136.51%	155.81%	61.79%	70.80%	29.53%
Operating Cash Flow Growth	61.21%	298.18%	201.02%	1,502.06%	245.24%	93.98%	-24.58%	-43.67%	-15.07%	73.13%	35.78%
Free Cash Flow Firm Growth	-13,636.36%	-299.75%	113.95%	166.18%	202.69%	263.46%	561.76%	-40.25%	-99.60%	-97.31%	-99.73%
Invested Capital Growth	141.28%	71.88%	4.59%	-20.26%	-33.44%	-35.33%	-21.56%	12.81%	34.22%	37.31%	35.58%
Revenue Q/Q Growth	-5.70%	0.41%	6.03%	2.93%	8.45%	9.00%	10.72%	14.30%	-3.34%	11.05%	-3.27%
EBITDA Q/Q Growth	-12.43%	-4.31%	-9.21%	29.30%	31.03%	3.92%	32.73%	14.94%	0.43%	12.20%	-0.36%
EBIT Q/Q Growth	-13.70%	-3.96%	-10.20%	31.62%	30.50%	5.51%	32.30%	16.60%	0.13%	12.68%	-0.40%
NOPAT Q/Q Growth	-12.55%	-8.03%	-4.98%	28.61%	15.54%	7.05%	26.48%	46.06%	-22.06%	11.62%	-0.19%
Net Income Q/Q Growth	-15.36%	-6.42%	-7.09%	36.07%	23.30%	6.88%	31.90%	47.81%	-22.06%	12.38%	0.13%
EPS Q/Q Growth	-15.20%	-6.21%	-7.35%	36.51%	23.26%	6.60%	31.86%	47.65%	-22.05%	12.54%	0.00%
Operating Cash Flow Q/Q Growth	368.58%	16.10%	108.51%	41.23%	0.98%	-34.77%	-18.93%	5.49%	52.24%	32.98%	-36.42%
Free Cash Flow Firm Q/Q Growth	4.59%	33.12%	119.13%	442.10%	48.06%	6.45%	-22.54%	-51.06%	-99.00%	607.09%	-92.14%
Invested Capital Q/Q Growth	2.56%	0.52%	-9.18%	-14.84%	-14.39%	-2.32%	10.15%	22.48%	1.85%	-0.07%	8.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.71%	38.21%	35.31%	40.23%	42.09%	41.21%	44.55%	45.15%	45.98%	45.90%	47.03%
EBITDA Margin	24.32%	23.18%	19.85%	24.93%	30.13%	28.72%	34.43%	34.62%	35.97%	36.35%	37.44%
Operating Margin	27.71%	26.05%	22.56%	27.27%	30.75%	29.81%	34.16%	34.43%	35.67%	35.94%	36.90%
EBIT Margin	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%	35.23%	35.75%	36.81%
Profit (Net Income) Margin	18.95%	17.66%	15.47%	20.46%	23.26%	22.80%	27.17%	35.13%	28.33%	28.67%	29.68%
Tax Burden Percent	81.95%	79.85%	82.61%	85.40%	80.68%	81.73%	81.48%	103.29%	80.40%	80.19%	80.62%
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	18.05%	20.15%	17.39%	14.60%	19.32%	18.27%	18.52%	-3.29%	19.60%	19.81%	19.38%
Return on Invested Capital (ROIC)	66.77%	53.59%	43.56%	55.94%	65.54%	69.10%	86.60%	120.77%	110.72%	121.22%	119.17%
ROIC Less NNEP Spread (ROIC-NNEP)	64.71%	51.90%	41.82%	54.17%	64.32%	67.59%	85.74%	119.89%	109.48%	118.85%	120.32%
Return on Net Nonoperating Assets (RNNOA)	-280.53%	-338.61%	-473.27%	-4,261.31%	720.40%	305.54%	191.25%	118.19%	44.32%	9.77%	-6.81%
Return on Equity (ROE)	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%	155.05%	130.99%	112.35%
Cash Return on Invested Capital (CROIC)	-11.86%	6.80%	46.12%	73.87%	98.24%	107.85%	102.61%	85.46%	84.51%	95.93%	92.66%
Operating Return on Assets (OROA)	37.90%	31.89%	27.56%	36.08%	45.64%	47.65%	61.39%	66.80%	73.36%	76.11%	75.64%
Return on Assets (ROA)	31.06%	25.46%	22.77%	30.81%	36.82%	38.94%	50.02%	69.00%	58.99%	61.03%	60.97%
Return on Common Equity (ROCE)	-213.75%	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%	155.05%	130.99%	112.35%
Return on Equity Simple (ROE_SIMPLE)	-637.78%	-2,366.87%	1,352.12%	0.00%	207.40%	153.17%	125.89%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	105	97	92	118	137	146	185	270	210	235	234
NOPAT Margin	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	35.57%	28.68%	28.82%	29.74%
Net Nonoperating Expense Percent (NNEP)	2.07%	1.70%	1.74%	1.77%	1.22%	1.51%	0.86%	0.88%	1.24%	2.37%	-1.15%
Return On Investment Capital (ROIC_SIMPLE)	-	9.49%	-	-	-	20.06%	22.91%	28.32%	21.14%	20.96%	18.63%
Cost of Revenue to Revenue	60.29%	61.79%	64.69%	59.77%	57.91%	58.79%	55.45%	54.85%	54.02%	54.10%	52.97%
SG&A Expenses to Revenue	4.17%	4.22%	4.13%	4.28%	4.44%	4.74%	3.73%	4.46%	3.70%	3.71%	3.56%
R&D to Revenue	7.84%	7.94%	8.62%	8.69%	6.90%	6.66%	6.66%	6.25%	6.62%	6.24%	6.57%
Operating Expenses to Revenue	12.00%	12.16%	12.75%	12.96%	11.34%	11.41%	10.39%	10.71%	10.31%	9.95%	10.14%
Earnings before Interest and Taxes (EBIT)	107	103	92	122	159	167	221	258	259	291	290
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	113	108	98	127	166	172	229	263	264	296	295
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	269.58	92.64	71.26	69.11	43.02	37.26	48.24	32.96	39.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	269.58	92.64	71.26	69.11	43.02	37.26	48.24	32.96	39.78
Price to Revenue (P/Rev)	4.53	4.43	3.65	4.57	6.65	9.33	8.08	9.68	14.50	11.26	15.45
Price to Earnings (P/E)	21.45	22.36	19.94	25.17	34.36	45.12	34.17	34.98	50.47	37.67	50.77
Dividend Yield	2.10%	1.74%	2.08%	1.65%	1.08%	0.72%	0.77%	0.58%	0.39%	0.51%	0.38%
Earnings Yield	4.66%	4.47%	5.02%	3.97%	2.91%	2.22%	2.93%	2.86%	1.98%	2.65%	1.97%
Enterprise Value to Invested Capital (EV/IC)	10.49	10.05	9.31	13.23	22.68	34.21	28.93	31.16	48.82	40.69	53.42
Enterprise Value to Revenue (EV/Rev)	5.04	4.93	4.07	4.89	6.86	9.47	8.17	9.73	14.49	11.20	15.35
Enterprise Value to EBITDA (EV/EBITDA)	19.17	19.66	17.42	21.19	27.77	36.23	27.38	30.18	43.07	31.65	42.50
Enterprise Value to EBIT (EV/EBIT)	19.93	20.52	18.26	22.24	29.09	37.74	28.37	31.08	44.12	32.33	43.27
Enterprise Value to NOPAT (EV/NOPAT)	20.90	21.30	18.81	22.87	31.21	41.38	32.43	33.88	49.20	36.97	50.04
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	23.99	17.40	19.55	26.08	25.61	39.12	66.06	46.46	62.48
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	186.93	20.64	15.89	18.45	24.92	24.79	38.65	66.21	49.09	66.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-17.25	-65.79	35.29	7.82	3.12	1.51	0.85	0.43	0.20	0.10	0.05
Long-Term Debt to Equity	-16.67	-63.46	33.88	7.44	2.99	1.42	0.07	0.05	0.04	0.06	0.05
Financial Leverage	-4.34	-6.52	-11.32	-78.66	11.20	4.52	2.23	0.99	0.40	0.08	-0.06
Leverage Ratio	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43	2.61	2.14	1.84
Compound Leverage Factor	-5.99	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43	2.61	2.14	1.84
Debt to Total Capital	106.15%	101.54%	97.24%	88.66%	75.72%	60.14%	45.96%	29.90%	16.79%	9.38%	4.45%
Short-Term Debt to Total Capital	3.56%	3.58%	3.89%	4.35%	3.15%	3.35%	42.06%	26.18%	13.40%	4.23%	0.00%
Long-Term Debt to Total Capital	102.59%	97.96%	93.36%	84.31%	72.57%	56.79%	3.90%	3.72%	3.38%	5.15%	4.45%
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	-6.15%	-1.54%	2.76%	11.34%	24.28%	39.86%	54.04%	70.10%	83.21%	90.62%	95.55%
Debt to EBITDA	2.17	2.20	2.04	1.67	1.18	0.78	0.54	0.34	0.18	0.10	0.05
Net Debt to EBITDA	1.95	1.99	1.81	1.39	0.85	0.54	0.32	0.16	-0.01	-0.19	-0.28
Long-Term Debt to EBITDA	2.10	2.12	1.96	1.59	1.13	0.74	0.05	0.04	0.04	0.05	0.05
Debt to NOPAT	2.37	2.38	2.21	1.80	1.32	0.89	0.63	0.39	0.21	0.12	0.06
Net Debt to NOPAT	2.13	2.15	1.96	1.50	0.95	0.62	0.38	0.18	-0.01	-0.22	-0.33
Long-Term Debt to NOPAT	2.29	2.30	2.12	1.72	1.27	0.84	0.05	0.05	0.04	0.06	0.06
Altman Z-Score	5.83	6.07	6.06	7.76	11.28	16.63	16.14	22.05	39.92	37.82	59.94
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	3.41	3.84	3.95	3.22	2.54	2.22	1.39	1.65	2.09	2.72	3.56
Quick Ratio	0.82	0.94	1.14	1.04	0.93	0.70	0.48	0.55	0.74	1.09	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-431	-288	55	299	443	471	365	179	1.79	13	1.00
Operating Cash Flow to CapEx	2,237.42%	2,040.01%	5,069.68%	12,400.91%	8,973.39%	7,675.28%	4,369.63%	2,522.37%	3,847.46%	7,268.14%	3,017.21%
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	1.64	1.44	1.47	1.51	1.58	1.71	1.84	1.96	2.08	2.13	2.05
Accounts Receivable Turnover	12.05	11.61	11.45	11.45	11.75	12.68	11.33	12.44	13.13	15.55	13.23
Inventory Turnover	2.13	1.69	1.84	1.98	2.13	2.12	2.39	2.56	2.72	2.68	2.69
Fixed Asset Turnover	22.40	21.97	22.85	22.96	24.87	26.93	30.25	33.29	36.69	39.86	42.61
Accounts Payable Turnover	10.38	6.67	10.46	11.58	13.89	12.07	13.78	13.49	10.36	8.72	11.22
Days Sales Outstanding (DSO)	30.29	31.44	31.87	31.89	31.07	28.79	32.21	29.34	27.79	23.47	27.59
Days Inventory Outstanding (DIO)	171.04	215.66	198.64	184.10	171.27	172.25	152.74	142.52	134.09	136.38	135.91
Days Payable Outstanding (DPO)	35.17	54.74	34.91	31.51	26.27	30.23	26.49	27.06	35.22	41.84	32.52
Cash Conversion Cycle (CCC)	166.16	192.37	195.61	184.47	176.07	170.81	158.46	144.81	126.66	118.01	130.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	916	921	836	712	610	596	656	804	818	818	890
Invested Capital Turnover	2.94	2.58	2.34	2.40	2.64	2.84	3.11	3.40	3.86	4.21	4.01
Increase / (Decrease) in Invested Capital	536	385	37	-181	-306	-325	-180	91	209	222	233
Enterprise Value (EV)	9,608	9,257	7,785	9,424	13,829	20,377	18,980	25,037	39,954	33,280	47,516
Market Capitalization	8,629	8,320	6,975	8,807	13,407	20,072	18,760	24,901	39,964	33,477	47,829
Book Value per Share	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05	$13.69	$16.79	$19.86
Tangible Book Value per Share	($1.04)	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05	$13.69	$16.79	$19.86
Total Capital	1,025	1,019	939	839	775	729	807	953	996	1,121	1,258
Total Debt	1,088	1,034	913	744	587	438	371	285	167	105	56
Total Long-Term Debt	1,051	998	876	707	562	414	31	35	34	58	56
Net Debt	979	937	811	617	422	305	220	135	-10	-198	-313
Capital Expenditures (CapEx)	3.03	3.85	3.23	1.87	2.60	1.99	2.83	5.17	5.16	3.63	5.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	744	757	681	541	422	421	492	562	583	562	641
Debt-free Net Working Capital (DFNWC)	852	854	784	668	587	554	643	712	761	865	1,009
Net Working Capital (NWC)	816	818	747	631	562	529	304	462	627	817	1,009
Net Nonoperating Expense (NNE)	17	15	16	14	8.53	9.35	4.42	3.29	2.56	1.27	0.53
Net Nonoperating Obligations (NNO)	979	937	811	617	422	305	220	135	-10	-198	-313
Total Depreciation and Amortization (D&A)	5.57	4.94	5.50	4.97	7.16	4.92	7.23	4.61	5.42	4.87	4.94
Debt-free, Cash-free Net Working Capital to Revenue	39.02%	40.32%	35.63%	28.07%	20.92%	19.56%	21.20%	21.85%	21.16%	18.91%	20.70%
Debt-free Net Working Capital to Revenue	44.72%	45.53%	40.99%	34.62%	29.11%	25.75%	27.70%	27.66%	27.59%	29.10%	32.60%
Net Working Capital to Revenue	42.80%	43.58%	39.08%	32.73%	27.90%	24.61%	13.08%	17.97%	22.75%	27.50%	32.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41	$3.44	$3.86	$3.87
Adjusted Weighted Average Basic Shares Outstanding	60.45M	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M	60.50M	60.50M	60.52M
Adjusted Diluted Earnings per Share	$1.45	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40	$3.43	$3.86	$3.86
Adjusted Weighted Average Diluted Shares Outstanding	60.45M	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M	60.56M	60.57M	60.57M
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	60.45M	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M	60.50M	60.52M	60.52M
Normalized Net Operating Profit after Tax (NOPAT)	105	97	92	118	137	146	185	183	210	235	234
Normalized NOPAT Margin	22.71%	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	24.10%	28.68%	28.82%	29.74%
Pre Tax Income Margin	23.12%	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%	35.23%	35.75%	36.81%
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	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%	19.86%	19.06%	19.27%
Augmented Payout Ratio	36.06%	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%	19.86%	19.06%	19.27%

Financials Breakdown Chart

Key Financial Trends

Ubiquiti Inc. (UI) has shown a series of constructive trends over the last four years, with improving revenue and profit metrics, steady cash generation, and a stronger balance sheet. Below are the top takeaways for retail investors, based on the quarterly cash flow, income statement, and balance sheet data provided (through Q2 2026).

Strong revenue growth and margin expansion: Operating revenue rose meaningfully from roughly $463–$550 million in 2024–2024Q1/Q2 to about $814.9 million in 2026Q2. Gross margin improved from roughly the low- to mid-40s percent in earlier years to about 46% in 2026Q2 (374 million gross profit on 814.9 million revenue).
Net income and per-share earnings rising: Net income attributable to common shareholders grew meaningfully, with 2026Q2 showing consolidated net income of about $266 million (and 2026Q2 basic/diluted EPS around $3.86). This reflects healthier profitability even as revenue scales.
Operating cash flow generation remains solid and improving: Net cash from continuing operating activities was about $263.9 million in 2026Q2 (and generally higher versus earlier quarters), indicating robust cash generation from core operations.
Liquidity improves; cash balance rises: Cash and cash equivalents reached roughly $303 million in 2026Q2, a material uptick from prior periods, boosting liquidity for operations and select investments.
Shareholder returns and a stable dividend policy: The company continues returning cash to shareholders via dividends, with per-share cash dividends around $0.60–$0.80 across recent quarters (e.g., $0.80 in 2026Q2), supporting an attractive cash-return profile for retail investors.
Low leverage and solid equity base: Long-term debt appears minimal or zero in the latest periods, and total equity has grown (e.g., total equity around $1.02–$1.08 billion across 2025–2026), suggesting a conservative capital structure with ongoing earnings contributing to equity growth.
Working capital movements show some quarterly volatility: Changes in operating assets and liabilities net (working capital) swing by quarter, contributing to variability in quarterly cash from operations, though overall CFO remains positive.
Capital expenditures remain modest relative to scale: Purchases of property, plant & equipment are relatively modest on a quarterly basis, indicating conservative ongoing investment in capacity while preserving cash flow strength.
Financing activities continue to weigh on cash: Net cash from financing activities has been negative in several periods, reflecting debt repayments and dividends (examples include sizable negative flows in 2026Q1 and 2026Q2), which partially offset operating cash flow gains.
Investing activities are small but negative in some quarters: Net cash from investing activities tends to be modestly negative, indicating limited but ongoing outlays beyond core operations; this slightly reduces net cash generation in those periods.

05/15/26 02:58 PM ETAI Generated. May Contain Errors.

Ubiquiti Financials - Frequently Asked Questions

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.

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.

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

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%.

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.

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.

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%.

Related Companies

Financial statements for NYSE:UI last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ubiquiti (UI) Financials

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Ubiquiti (UI) Financials

Annual Income Statements for Ubiquiti

Quarterly Income Statements for Ubiquiti

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Quarterly Cash Flow Statements for Ubiquiti

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Quarterly Balance Sheets for Ubiquiti

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Quarterly Metrics And Ratios for Ubiquiti

Financials Breakdown Chart

Key Financial Trends

Ubiquiti Financials - Frequently Asked Questions

When does Ubiquiti's fiscal year end?

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

What is Ubiquiti's operating income?

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

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

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