What is Ubiquiti's operating income?

Ubiquiti's total operating income in 2026 was $1.19 billion, based on the following breakdown: Total Gross Profit: $1.51 billion Total Operating Expenses: $325.93 million

Ubiquiti (UI) Financials

$552.97 -6.03 (-1.08%)

Closing price 03:59 PM Eastern

Extended Trading

$553.00 +0.03 (+0.01%)

As of 05:35 PM Eastern

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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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Total Costs & Expenses	-	-	-	-	-	-	-	-	241	281	326
Net Income / (Loss) Attributable to Common Shareholders	214	258	196	323	380	617	379	408	350	712	960
Consolidated Net Income / (Loss)	214	258	196	323	380	617	379	408	350	712	960
Net Income / (Loss) Continuing Operations	214	258	196	323	380	617	379	408	350	712	960
Total Pre-Tax Income	240	285	314	381	450	728	444	486	424	806	1,183
Total Operating Income	242	290	326	394	478	743	462	545	499	836	1,185
Total Gross Profit	325	396	444	538	608	912	670	761	740	1,117	1,511
Total Revenue	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928	2,574	3,274
Operating Revenue	666	865	1,017	1,162	1,285	1,898	1,692	1,941	1,928	2,574	3,274
Total Cost of Revenue	342	470	573	624	676	986	1,022	1,180	1,189	1,456	1,763
Operating Cost of Revenue	342	470	573	624	676	986	1,022	1,180	1,189	1,456	1,763
Total Operating Expenses	83	106	117	143	130	170	208	216	241	281	326
Selling, General & Admin Expense	33	37	43	43	41	54	70	71	81	111	122
Research & Development Expense	58	69	74	82	89	116	138	145	160	170	204
Total Other Income / (Expense), net	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75	-31	-2.37
Other Income / (Expense), net	-2.12	-4.74	-12	-13	-28	-15	-18	-58	-75	-31	-2.37
Income Tax Expense	26	28	118	59	70	111	66	79	74	94	223
Basic Earnings per Share	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79	$11.77	$15.87
Weighted Average Basic Shares Outstanding	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M	60.48M	60.51M
Diluted Earnings per Share	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79	$11.76	$15.85
Weighted Average Diluted Shares Outstanding	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M	60.53M	60.57M
Weighted Average Basic & Diluted Shares Outstanding	84.40M	81.50M	77.30M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M	60.50M	60.53M

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 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	82	76	104	128	137	180	267	208	234	234	285
Consolidated Net Income / (Loss)	82	76	104	128	137	180	267	208	234	234	285
Net Income / (Loss) Continuing Operations	82	76	104	128	137	180	267	208	234	234	285
Total Pre-Tax Income	103	92	122	159	167	221	258	259	291	290	343
Total Operating Income	121	111	138	169	179	227	261	262	293	291	340
Total Gross Profit	178	174	204	232	247	296	343	337	374	371	429
Total Revenue	465	493	507	550	600	664	759	734	815	788	937
Operating Revenue	465	493	507	550	600	664	759	734	815	788	937
Total Cost of Revenue	287	319	303	319	353	368	416	396	441	417	508
Operating Cost of Revenue	287	319	303	319	353	368	416	396	441	417	508
Total Operating Expenses	57	63	66	62	68	69	81	76	81	80	89
Selling, General & Admin Expense	20	20	22	24	28	25	34	27	30	28	36
Research & Development Expense	37	42	44	38	40	44	47	49	51	52	53
Total Other Income / (Expense), net	-18	-19	-17	-11	-11	-5.42	-3.19	-3.18	-1.59	-0.66	3.07
Other Income / (Expense), net	-18	-19	-17	-11	-11	-5.42	-3.19	-3.18	-1.59	-0.66	3.07
Income Tax Expense	21	16	18	31	31	41	-8.49	51	58	56	58
Basic Earnings per Share	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41	$3.44	$3.86	$3.87	$4.70
Weighted Average Basic Shares Outstanding	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M	60.50M	60.50M	60.52M	60.51M
Diluted Earnings per Share	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40	$3.43	$3.86	$3.86	$4.70
Weighted Average Diluted Shares Outstanding	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M	60.56M	60.57M	60.57M	60.57M
Weighted Average Basic & Diluted Shares Outstanding	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M	60.50M	60.52M	60.52M	60.53M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	105	53	62	-429	-96	107	-113	-21	12	23	373
Net Cash From Operating Activities	198	112	332	259	460	612	370	-145	542	640	929
Net Cash From Continuing Operating Activities	198	112	332	259	460	612	370	-145	542	640	929
Net Income / (Loss) Continuing Operations	214	258	196	323	380	617	379	408	350	712	960
Consolidated Net Income / (Loss)	214	258	196	323	380	617	379	408	350	712	960
Depreciation Expense	6.04	7.10	7.31	7.56	7.70	12	14	16	19	22	19
Amortization Expense	0.26	0.26	0.75	0.42	1.76	1.81	1.41	1.41	1.73	2.02	1.02
Non-Cash Adjustments To Reconcile Net Income	-3.47	-17	25	34	22	-2.57	-63	-23	32	100	-12
Changes in Operating Assets and Liabilities, net	-19	-135	103	-106	48	-16	39	-548	138	-196	-40
Net Cash From Investing Activities	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12	-13	-109
Net Cash From Continuing Investing Activities	-6.25	-7.23	-9.12	-158	70	-19	-11	-21	-12	-13	-109
Purchase of Property, Plant & Equipment	-6.25	-7.23	-9.12	-52	-31	-18	-13	-21	-12	-13	-20
Purchase of Investments	-	0.00	0.00	-220	-28	-1.86	-1.48	-	0.00	0.00	-89
Sale and/or Maturity of Investments	-	0.00	0.00	119	128	0.92	3.77	-	0.00	0.00	0.05
Net Cash From Financing Activities	-87	-52	-260	-530	-625	-486	-472	145	-518	-604	-447
Net Cash From Continuing Financing Activities	-87	-52	-260	-530	-625	-486	-472	145	-518	-604	-447
Repayment of Debt	-24	-45	-493	-25	-273	-277	-50	-374	-373	-488	-251
Payment of Dividends	-	0.00	0.00	-71	-79	-101	-148	-145	-145	-145	-194
Issuance of Debt	130	99	719	35	428	113	345	665	0.00	30	0.00
Other Financing Activities, net	2.11	-0.19	-41	-0.64	-0.95	-0.87	-1.09	-0.66	-0.43	-0.78	-2.12
Cash Interest Paid	2.35	5.19	11	23	22	12	12	54	75	31	5.08
Cash Income Taxes Paid	19	26	9.61	42	75	140	78	110	109	177	290

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 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	-11	4.89	24	39	-32	18	-1.24	27	126	66	154
Net Cash From Operating Activities	79	164	231	234	152	124	130	198	264	168	299
Net Cash From Continuing Operating Activities	79	164	231	234	152	124	130	198	264	168	299
Net Income / (Loss) Continuing Operations	82	76	104	128	137	180	267	208	234	234	285
Consolidated Net Income / (Loss)	82	76	104	128	137	180	267	208	234	234	285
Depreciation Expense	4.51	5.07	4.54	6.13	4.58	6.91	4.29	5.09	4.53	4.62	4.71
Amortization Expense	0.43	0.43	0.43	1.04	0.33	0.33	0.33	0.33	0.33	0.32	0.03
Non-Cash Adjustments To Reconcile Net Income	17	4.33	31	30	31	15	23	9.00	12	-9.47	-23
Changes in Operating Assets and Liabilities, net	-26	78	92	68	-20	-80	-164	-24	14	-62	32
Net Cash From Investing Activities	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56	-95
Net Cash From Continuing Investing Activities	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56	-95
Purchase of Property, Plant & Equipment	-3.85	-3.23	-1.87	-2.60	-1.99	-2.83	-5.17	-5.16	-3.63	-5.56	-5.39
Net Cash From Financing Activities	-86	-156	-206	-192	-183	-103	-126	-166	-135	-96	-50
Net Cash From Continuing Financing Activities	-86	-156	-206	-192	-183	-103	-126	-166	-135	-96	-50
Repayment of Debt	-49	-119	-169	-156	-146	-96	-90	-116	-86	-48	-1.00
Payment of Dividends	-36	-36	-36	-36	-36	-36	-36	-48	-48	-48	-48
Other Financing Activities, net	-0.01	-0.08	-0.03	-0.32	-	-0.32	-0.13	-1.18	-	-0.47	-0.48
Cash Income Taxes Paid	48	24	16	24	54	48	51	43	112	72	63

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Total Assets	747	973	1,023	876	737	891	845	1,406	1,154	1,466	2,198
Total Current Assets	728	952	1,001	754	587	694	622	1,167	916	1,173	1,834
Cash & Equivalents	551	604	667	238	143	249	136	115	126	150	523
Short-Term Investments	-	-	0.00	70	0.93	1.32	0.43	0.11	-	0.00	89
Accounts Receivable	83	141	175	156	142	172	120	168	169	245	302
Inventories, net	57	142	102	264	286	234	262	737	462	675	780
Prepaid Expenses	6.90	9.03	19	14	9.03	17	13	22	35	56	68
Other Current Assets	30	54	39	12	5.93	20	90	125	123	48	73
Plant, Property, & Equipment, net	13	13	14	14	79	79	80	87	81	73	76
Total Noncurrent Assets	5.77	7.46	6.90	108	72	118	143	153	157	220	288
Noncurrent Deferred & Refundable Income Taxes	4.20	5.13	3.11	2.91	4.10	4.78	6.62	24	36	108	144
Other Noncurrent Operating Assets	1.58	2.33	3.79	74	68	112	136	129	121	112	144
Total Liabilities & Shareholders' Equity	747	973	1,023	876	737	891	845	1,406	1,154	1,466	2,198
Total Liabilities	307	371	707	777	1,033	888	1,228	1,522	1,059	798	758
Total Current Liabilities	91	98	113	179	264	276	311	352	285	711	627
Short-Term Debt	11	15	24	31	24	24	24	37	37	250	0.00
Accounts Payable	52	49	14	39	156	112	84	154	51	165	432
Current Deferred & Payable Income Tax Liabilities	1.49	1.71	5.78	26	31	14	14	19	23	41	11
Other Current Liabilities	27	33	69	84	54	126	189	142	174	256	184
Total Noncurrent Liabilities	216	272	594	597	769	612	917	1,170	775	87	131
Capital Lease Obligations	-	-	-	0.00	19	32	54	46	37	35	65
Noncurrent Deferred Revenue	1.30	-	128	124	115	104	94	75	54	26	25
Noncurrent Deferred & Payable Income Tax Liabilities	23	28	-	-	-	-	0.00	0.23	0.49	0.33	0.35
Other Noncurrent Operating Liabilities	-	2.62	5.84	8.44	6.31	8.56	5.82	7.77	13	26	41
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	440	602	316	99	-295	2.70	-383	-116	95	668	1,440
Total Preferred & Common Equity	440	602	316	99	-295	2.70	-383	-116	95	668	1,440
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	440	602	316	99	-295	2.70	-383	-116	95	668	1,440
Common Stock	0.08	0.61	0.47	0.07	0.51	0.06	0.71	4.78	11	17	22
Retained Earnings	440	601	315	99	-296	2.64	-383	-121	84	651	1,418
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.39	0.01	0.00	-0.47	-	-	0.00	-0.00

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,522,085.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	60,522,085.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	15.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.82%	29.84%	17.52%	14.25%	10.57%	47.77%	-10.87%	14.71%	-0.62%	33.45%	27.22%
EBITDA Growth	63.37%	18.74%	10.20%	20.88%	18.02%	61.33%	-38.03%	9.68%	-11.75%	86.50%	45.02%
EBIT Growth	64.63%	18.79%	10.22%	21.44%	18.01%	61.63%	-38.92%	9.43%	-12.85%	90.09%	46.85%
NOPAT Growth	64.92%	21.48%	-22.16%	63.67%	21.11%	55.77%	-37.41%	15.90%	-9.73%	79.35%	30.21%
Net Income Growth	64.75%	20.55%	-23.77%	64.40%	17.85%	62.13%	-38.59%	7.65%	-14.15%	103.43%	34.89%
EPS Growth	71.72%	24.10%	-18.77%	79.68%	28.60%	68.62%	-37.32%	9.95%	-14.10%	103.11%	34.78%
Operating Cash Flow Growth	46.79%	-43.28%	196.38%	-21.92%	77.54%	32.97%	-39.50%	-139.28%	472.36%	18.19%	45.10%
Free Cash Flow Firm Growth	67.05%	-49.42%	225.50%	-34.48%	101.34%	37.24%	-40.87%	-133.39%	611.91%	9.22%	34.54%
Invested Capital Growth	25.46%	176.52%	-47.33%	90.56%	-9.23%	18.38%	17.11%	178.29%	-20.26%	12.81%	11.30%
Revenue Q/Q Growth	6.46%	5.22%	4.22%	35.09%	0.00%	9.35%	-2.01%	2.53%	0.86%	10.84%	5.75%
EBITDA Q/Q Growth	30.58%	2.20%	4.86%	39.86%	0.00%	10.08%	-14.18%	4.16%	-0.47%	19.66%	7.60%
EBIT Q/Q Growth	31.77%	1.94%	4.82%	41.19%	0.00%	10.12%	-14.57%	4.18%	-0.59%	20.43%	7.73%
NOPAT Q/Q Growth	33.16%	1.35%	5.51%	38.12%	0.00%	10.55%	-12.66%	4.71%	-0.47%	26.25%	1.34%
Net Income Q/Q Growth	33.15%	1.17%	5.03%	38.15%	0.00%	11.12%	-14.04%	2.82%	0.04%	29.67%	1.93%
EPS Q/Q Growth	34.59%	1.64%	8.19%	41.82%	0.00%	11.52%	-13.05%	2.59%	0.17%	29.52%	1.93%
Operating Cash Flow Q/Q Growth	16.08%	0.52%	0.24%	26.35%	0.00%	6.86%	-20.29%	-61.78%	66.85%	-13.64%	22.11%
Free Cash Flow Firm Q/Q Growth	22.15%	-8.55%	-5.11%	149.37%	76.41%	82.23%	-14.67%	-60.46%	57.19%	-15.40%	21.70%
Invested Capital Q/Q Growth	8.24%	8.44%	55.67%	5.26%	0.00%	10.85%	10.09%	11.70%	-14.84%	22.48%	0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.74%	45.73%	43.62%	46.28%	47.35%	48.06%	39.59%	39.20%	38.36%	43.42%	46.16%
EBITDA Margin	36.95%	33.79%	31.69%	33.52%	35.78%	39.07%	27.16%	25.97%	23.06%	32.23%	36.74%
Operating Margin	36.32%	33.49%	32.07%	33.94%	37.23%	39.12%	27.33%	28.06%	25.88%	32.50%	36.21%
EBIT Margin	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%	31.31%	36.13%
Profit (Net Income) Margin	32.06%	29.76%	19.30%	27.78%	29.61%	32.48%	22.38%	21.01%	18.15%	27.66%	29.33%
Tax Burden Percent	89.03%	90.35%	62.48%	84.59%	84.47%	84.74%	85.20%	83.82%	82.57%	88.37%	81.17%
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	10.97%	9.65%	37.52%	15.41%	15.53%	15.26%	14.80%	16.18%	17.43%	11.63%	18.83%
Return on Invested Capital (ROIC)	260.97%	151.31%	105.05%	171.52%	166.04%	248.91%	132.37%	75.18%	51.33%	97.50%	113.35%
ROIC Less NNEP Spread (ROIC-NNEP)	261.51%	152.54%	107.88%	254.46%	159.11%	245.74%	129.25%	69.48%	43.69%	90.31%	114.28%
Return on Net Nonoperating Assets (RNNOA)	-211.43%	-101.89%	-62.26%	-16.02%	-553.74%	-670.13%	-331.57%	-238.69%	-3,437.00%	89.03%	-22.26%
Return on Equity (ROE)	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%	186.53%	91.09%
Cash Return on Invested Capital (CROIC)	238.38%	57.54%	167.05%	109.19%	175.71%	232.07%	116.60%	-19.08%	73.87%	85.46%	102.65%
Operating Return on Assets (OROA)	35.61%	33.15%	31.49%	40.19%	55.81%	89.37%	51.21%	43.21%	33.10%	61.48%	64.57%
Return on Assets (ROA)	31.70%	29.95%	19.68%	34.00%	47.14%	75.73%	43.63%	36.22%	27.33%	54.33%	52.41%
Return on Common Equity (ROCE)	49.53%	49.42%	42.79%	155.51%	-387.70%	-421.22%	-199.20%	-163.51%	-3,385.67%	186.53%	91.09%
Return on Equity Simple (ROE_SIMPLE)	48.51%	42.79%	62.17%	325.04%	-128.71%	0.00%	-98.90%	-352.23%	368.15%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	215	262	204	334	404	629	394	456	412	739	962
NOPAT Margin	32.34%	30.25%	20.04%	28.71%	31.45%	33.15%	23.28%	23.52%	21.37%	28.71%	29.39%
Net Nonoperating Expense Percent (NNEP)	-0.54%	-1.23%	-2.83%	-82.93%	6.93%	3.17%	3.11%	5.70%	7.63%	7.19%	-0.94%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	77.52%	63.91%
Cost of Revenue to Revenue	51.26%	54.27%	56.38%	53.72%	52.65%	51.94%	60.41%	60.80%	61.64%	56.58%	53.84%
SG&A Expenses to Revenue	4.99%	4.26%	4.24%	3.72%	3.16%	2.82%	4.13%	3.66%	4.20%	4.33%	3.72%
R&D to Revenue	8.67%	7.99%	7.31%	7.06%	6.96%	6.12%	8.14%	7.48%	8.28%	6.59%	6.24%
Operating Expenses to Revenue	12.42%	12.24%	11.55%	12.34%	10.12%	8.94%	12.27%	11.14%	12.48%	10.93%	9.95%
Earnings before Interest and Taxes (EBIT)	240	285	314	381	450	728	444	486	424	806	1,183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	246	292	322	389	460	742	460	504	445	830	1,203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64	37.26	22.44
Price to Tangible Book Value (P/TBV)	6.84	6.52	18.68	88.65	0.00	6,990.13	0.00	0.00	92.64	37.26	22.44
Price to Revenue (P/Rev)	4.52	4.53	5.80	7.58	8.27	9.94	8.61	5.38	4.57	9.68	9.87
Price to Earnings (P/E)	14.10	15.23	30.05	27.27	27.94	30.60	38.44	25.59	25.17	34.98	33.66
Dividend Yield	0.00%	0.00%	0.00%	0.80%	0.72%	0.53%	1.00%	1.74%	1.65%	0.58%	0.60%
Earnings Yield	7.09%	6.57%	3.33%	3.67%	3.58%	3.27%	2.60%	3.91%	3.97%	2.86%	2.97%
Enterprise Value to Invested Capital (EV/IC)	28.99	14.06	42.70	35.12	48.18	69.83	47.54	12.81	13.23	31.16	35.53
Enterprise Value to Revenue (EV/Rev)	4.00	4.13	5.62	7.71	8.68	10.08	9.02	5.90	4.89	9.73	9.70
Enterprise Value to EBITDA (EV/EBITDA)	10.82	12.22	17.74	23.00	24.27	25.81	33.21	22.70	21.19	30.18	26.41
Enterprise Value to EBIT (EV/EBIT)	11.10	12.54	18.19	23.48	24.78	26.30	34.34	23.53	22.24	31.08	26.86
Enterprise Value to NOPAT (EV/NOPAT)	12.36	13.65	28.05	26.85	27.61	30.41	38.75	25.07	22.87	33.88	33.02
Enterprise Value to Operating Cash Flow (EV/OCF)	13.49	31.89	17.21	34.55	24.23	31.27	41.22	0.00	17.40	39.12	34.21
Enterprise Value to Free Cash Flow (EV/FCFF)	13.54	35.89	17.64	42.19	26.09	32.62	43.99	0.00	15.89	38.65	36.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.43	1.54	4.99	-2.27	193.83	-2.20	-9.71	7.82	0.43	0.05
Long-Term Debt to Equity	0.44	0.40	1.46	4.68	-2.19	184.99	-2.13	-9.40	7.44	0.05	0.05
Financial Leverage	-0.81	-0.67	-0.58	-0.06	-3.48	-2.73	-2.57	-3.44	-78.66	0.99	-0.19
Leverage Ratio	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87	3.43	1.74
Compound Leverage Factor	1.56	1.65	2.17	4.57	-8.22	-5.56	-4.57	-4.51	-123.87	3.43	1.74
Debt to Total Capital	31.51%	29.89%	60.56%	83.31%	178.67%	99.49%	183.66%	111.48%	88.66%	29.90%	4.34%
Short-Term Debt to Total Capital	1.71%	1.72%	3.05%	5.16%	6.41%	4.54%	5.21%	3.62%	4.35%	26.18%	0.00%
Long-Term Debt to Total Capital	29.80%	28.17%	57.51%	78.15%	172.26%	94.95%	178.45%	107.86%	84.31%	3.72%	4.34%
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	68.49%	70.11%	39.44%	16.70%	-78.67%	0.51%	-83.66%	-11.48%	11.34%	70.10%	95.66%
Debt to EBITDA	0.82	0.88	1.50	1.27	1.46	0.71	1.83	2.23	1.67	0.34	0.05
Net Debt to EBITDA	-1.42	-1.19	-0.56	0.40	1.15	0.37	1.53	2.00	1.39	0.16	-0.45
Long-Term Debt to EBITDA	0.78	0.83	1.43	1.19	1.41	0.67	1.78	2.16	1.59	0.04	0.05
Debt to NOPAT	0.94	0.98	2.38	1.49	1.66	0.83	2.13	2.46	1.80	0.39	0.07
Net Debt to NOPAT	-1.62	-1.33	-0.89	0.47	1.30	0.43	1.79	2.21	1.50	0.18	-0.57
Long-Term Debt to NOPAT	0.89	0.92	2.26	1.39	1.60	0.79	2.07	2.38	1.72	0.05	0.07
Altman Z-Score	9.69	10.12	8.49	10.51	9.89	18.14	10.66	7.21	8.63	23.29	30.41
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	8.03	9.67	8.87	4.21	2.22	2.51	2.00	3.32	3.22	1.65	2.93
Quick Ratio	6.99	7.56	7.45	2.59	1.08	1.53	0.82	0.80	1.04	0.55	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	197	100	324	212	427	587	347	-116	593	648	871
Operating Cash Flow to CapEx	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%	4,705.05%
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	0.99	1.01	1.02	1.22	1.59	2.33	1.95	1.72	1.51	1.96	1.79
Accounts Receivable Turnover	8.95	7.75	6.45	7.03	8.61	12.07	11.59	13.50	11.45	12.44	11.99
Inventory Turnover	7.26	4.72	4.69	3.41	2.46	3.79	4.12	2.36	1.98	2.56	2.42
Fixed Asset Turnover	46.67	66.90	74.65	83.14	27.88	24.09	21.24	23.23	22.96	33.29	43.83
Accounts Payable Turnover	7.16	9.34	18.17	23.63	6.96	7.37	10.44	9.92	11.58	13.49	5.91
Days Sales Outstanding (DSO)	40.78	47.11	56.55	51.93	42.37	30.23	31.49	27.03	31.89	29.34	30.45
Days Inventory Outstanding (DIO)	50.30	77.41	77.76	107.17	148.47	96.21	88.62	154.62	184.10	142.52	150.69
Days Payable Outstanding (DPO)	50.95	39.07	20.09	15.45	52.42	49.54	34.96	36.79	31.51	27.06	61.81
Cash Conversion Cycle (CCC)	40.12	85.45	114.22	143.65	138.42	76.90	85.15	144.86	184.47	144.81	119.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	92	254	134	255	232	274	321	893	712	804	894
Invested Capital Turnover	8.07	5.00	5.24	5.97	5.28	7.51	5.69	3.20	2.40	3.40	3.86
Increase / (Decrease) in Invested Capital	19	162	-120	121	-24	43	47	572	-181	91	91
Enterprise Value (EV)	2,664	3,573	5,716	8,957	11,154	19,138	15,261	11,442	9,424	25,037	31,775
Market Capitalization	3,013	3,921	5,898	8,801	10,627	18,866	14,557	10,433	8,807	24,901	32,321
Book Value per Share	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57	$11.05	$23.80
Tangible Book Value per Share	$5.31	$7.50	$4.26	$1.41	($4.64)	$0.04	($6.34)	($1.91)	$1.57	$11.05	$23.80
Total Capital	643	858	801	595	376	526	458	1,008	839	953	1,506
Total Debt	203	257	485	495	671	523	841	1,124	744	285	65
Total Long-Term Debt	192	242	460	465	647	499	817	1,087	707	35	65
Net Debt	-348	-348	-182	156	527	271	704	1,009	617	135	-546
Capital Expenditures (CapEx)	6.25	7.23	9.12	52	31	18	13	21	12	13	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	98	264	246	297	203	191	198	737	541	562	597
Debt-free Net Working Capital (DFNWC)	649	869	913	605	346	442	334	852	668	712	1,208
Net Working Capital (NWC)	638	854	888	575	322	418	311	815	631	462	1,208
Net Nonoperating Expense (NNE)	1.88	4.28	7.49	11	24	13	15	49	62	27	1.92
Net Nonoperating Obligations (NNO)	-348	-348	-182	156	527	271	704	1,009	617	135	-546
Total Depreciation and Amortization (D&A)	6.29	7.36	8.06	7.97	9.45	14	15	18	21	24	20
Debt-free, Cash-free Net Working Capital to Revenue	14.66%	30.56%	24.21%	25.59%	15.79%	10.06%	11.69%	37.97%	28.07%	21.85%	18.22%
Debt-free Net Working Capital to Revenue	97.35%	100.38%	89.77%	52.10%	26.97%	23.27%	19.77%	43.89%	34.62%	27.66%	36.89%
Net Working Capital to Revenue	95.70%	98.68%	87.37%	49.46%	25.10%	22.01%	18.36%	42.01%	32.73%	17.97%	36.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.53	$3.16	$2.54	$4.52	$5.81	$9.79	$6.14	$6.75	$5.79	$11.77	$15.87
Adjusted Weighted Average Basic Shares Outstanding	84.40M	81.48M	77.18M	71.44M	65.43M	62.99M	61.69M	60.44M	60.45M	60.48M	60.51M
Adjusted Diluted Earnings per Share	$2.49	$3.09	$2.51	$4.51	$5.80	$9.78	$6.13	$6.74	$5.79	$11.76	$15.85
Adjusted Weighted Average Diluted Shares Outstanding	85.78M	83.25M	78.33M	71.60M	65.51M	63.05M	61.72M	60.45M	60.46M	60.53M	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	81.82M	80.35M	74.01M	68.64M	63.70M	62.50M	60.43M	60.45M	60.47M	60.50M	60.53M
Normalized Net Operating Profit after Tax (NOPAT)	215	262	204	349	404	629	394	456	412	739	962
Normalized NOPAT Margin	32.34%	30.25%	20.04%	30.02%	31.45%	33.15%	23.28%	23.52%	21.37%	28.71%	29.39%
Pre Tax Income Margin	36.01%	32.94%	30.89%	32.84%	35.05%	38.34%	26.27%	25.06%	21.98%	31.31%	36.13%
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%	0.00%	0.00%	22.11%	20.69%	16.35%	39.10%	35.58%	41.46%	20.39%	20.16%
Augmented Payout Ratio	91.16%	40.86%	226.71%	167.21%	204.79%	51.99%	202.34%	35.58%	41.46%	20.39%	20.16%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	60,520,794.00	60,522,085.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	60,520,794.00	60,522,085.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	3.87	4.71
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.80%	7.69%	3.33%	18.84%	29.02%	34.72%	49.60%	33.33%	35.84%	18.67%	23.47%
EBITDA Growth	-21.99%	-19.72%	-1.63%	47.18%	59.85%	133.69%	107.72%	59.21%	71.91%	29.05%	32.33%
EBIT Growth	-23.19%	-21.08%	-2.03%	48.14%	62.75%	139.78%	112.42%	62.99%	74.05%	31.03%	32.86%
NOPAT Growth	-20.51%	-18.31%	-1.72%	29.84%	51.14%	101.19%	128.50%	54.14%	60.72%	26.83%	4.58%
Net Income Growth	-26.82%	-22.61%	0.12%	45.86%	66.59%	136.51%	156.93%	62.42%	70.77%	29.64%	6.82%
EPS Growth	-26.88%	-22.70%	0.58%	46.21%	66.18%	136.51%	155.81%	61.79%	70.80%	29.53%	6.82%
Operating Cash Flow Growth	298.18%	201.02%	1,502.06%	245.24%	93.98%	-24.58%	-43.67%	-15.07%	73.13%	35.78%	129.02%
Free Cash Flow Firm Growth	-299.75%	113.95%	166.18%	202.69%	263.46%	561.76%	-40.25%	-99.60%	-97.31%	-99.73%	7.20%
Invested Capital Growth	71.88%	4.59%	-20.26%	-33.44%	-35.33%	-21.56%	12.81%	34.22%	37.31%	35.58%	11.30%
Revenue Q/Q Growth	0.41%	6.03%	2.93%	8.45%	9.00%	10.72%	14.30%	-3.34%	11.05%	-3.27%	18.92%
EBITDA Q/Q Growth	-4.31%	-9.21%	29.30%	31.03%	3.92%	32.73%	14.94%	0.43%	12.20%	-0.36%	17.86%
EBIT Q/Q Growth	-3.96%	-10.20%	31.62%	30.50%	5.51%	32.30%	16.60%	0.13%	12.68%	-0.40%	18.23%
NOPAT Q/Q Growth	-8.03%	-4.98%	28.61%	15.54%	7.05%	26.48%	46.06%	-22.06%	11.62%	-0.19%	20.44%
Net Income Q/Q Growth	-6.42%	-7.09%	36.07%	23.30%	6.88%	31.90%	47.81%	-22.06%	12.38%	0.13%	21.80%
EPS Q/Q Growth	-6.21%	-7.35%	36.51%	23.26%	6.60%	31.86%	47.65%	-22.05%	12.54%	0.00%	21.76%
Operating Cash Flow Q/Q Growth	16.10%	108.51%	41.23%	0.98%	-34.77%	-18.93%	5.49%	52.24%	32.98%	-36.42%	77.93%
Free Cash Flow Firm Q/Q Growth	33.12%	119.13%	442.10%	48.06%	6.45%	-22.54%	-51.06%	-99.00%	607.09%	-92.14%	19,138.54%
Invested Capital Q/Q Growth	0.52%	-9.18%	-14.84%	-14.39%	-2.32%	10.15%	22.48%	1.85%	-0.07%	8.77%	0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.21%	35.31%	40.23%	42.09%	41.21%	44.55%	45.15%	45.98%	45.90%	47.03%	45.80%
EBITDA Margin	23.18%	19.85%	24.93%	30.13%	28.72%	34.43%	34.62%	35.97%	36.35%	37.44%	37.11%
Operating Margin	26.05%	22.56%	27.27%	30.75%	29.81%	34.16%	34.43%	35.67%	35.94%	36.90%	36.27%
EBIT Margin	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%	35.23%	35.75%	36.81%	36.60%
Profit (Net Income) Margin	17.66%	15.47%	20.46%	23.26%	22.80%	27.17%	35.13%	28.33%	28.67%	29.68%	30.40%
Tax Burden Percent	79.85%	82.61%	85.40%	80.68%	81.73%	81.48%	103.29%	80.40%	80.19%	80.62%	83.05%
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	20.15%	17.39%	14.60%	19.32%	18.27%	18.52%	-3.29%	19.60%	19.81%	19.38%	16.95%
Return on Invested Capital (ROIC)	53.59%	43.56%	55.94%	65.54%	69.10%	86.60%	120.77%	110.72%	121.22%	119.17%	116.18%
ROIC Less NNEP Spread (ROIC-NNEP)	51.90%	41.82%	54.17%	64.32%	67.59%	85.74%	119.89%	109.48%	118.85%	120.32%	114.94%
Return on Net Nonoperating Assets (RNNOA)	-338.61%	-473.27%	-4,261.31%	720.40%	305.54%	191.25%	118.19%	44.32%	9.77%	-6.81%	-22.39%
Return on Equity (ROE)	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%	155.05%	130.99%	112.35%	93.80%
Cash Return on Invested Capital (CROIC)	6.80%	46.12%	73.87%	98.24%	107.85%	102.61%	85.46%	84.51%	95.93%	92.66%	102.65%
Operating Return on Assets (OROA)	31.89%	27.56%	36.08%	45.64%	47.65%	61.39%	66.80%	73.36%	76.11%	75.64%	65.40%
Return on Assets (ROA)	25.46%	22.77%	30.81%	36.82%	38.94%	50.02%	69.00%	58.99%	61.03%	60.97%	54.31%
Return on Common Equity (ROCE)	-285.02%	-429.71%	-4,205.37%	785.94%	374.64%	277.84%	238.96%	155.05%	130.99%	112.35%	93.80%
Return on Equity Simple (ROE_SIMPLE)	-2,366.87%	1,352.12%	0.00%	207.40%	153.17%	125.89%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	97	92	118	137	146	185	270	210	235	234	282
NOPAT Margin	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	35.57%	28.68%	28.82%	29.74%	30.12%
Net Nonoperating Expense Percent (NNEP)	1.70%	1.74%	1.77%	1.22%	1.51%	0.86%	0.88%	1.24%	2.37%	-1.15%	1.24%
Return On Investment Capital (ROIC_SIMPLE)	9.49%	-	-	-	20.06%	22.91%	28.32%	21.14%	20.96%	18.63%	18.75%
Cost of Revenue to Revenue	61.79%	64.69%	59.77%	57.91%	58.79%	55.45%	54.85%	54.02%	54.10%	52.97%	54.20%
SG&A Expenses to Revenue	4.22%	4.13%	4.28%	4.44%	4.74%	3.73%	4.46%	3.70%	3.71%	3.56%	3.87%
R&D to Revenue	7.94%	8.62%	8.69%	6.90%	6.66%	6.66%	6.25%	6.62%	6.24%	6.57%	5.65%
Operating Expenses to Revenue	12.16%	12.75%	12.96%	11.34%	11.41%	10.39%	10.71%	10.31%	9.95%	10.14%	9.52%
Earnings before Interest and Taxes (EBIT)	103	92	122	159	167	221	258	259	291	290	343
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	98	127	166	172	229	263	264	296	295	348
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	269.58	92.64	71.26	69.11	43.02	37.26	48.24	32.96	39.78	22.44
Price to Tangible Book Value (P/TBV)	0.00	269.58	92.64	71.26	69.11	43.02	37.26	48.24	32.96	39.78	22.44
Price to Revenue (P/Rev)	4.43	3.65	4.57	6.65	9.33	8.08	9.68	14.50	11.26	15.45	9.87
Price to Earnings (P/E)	22.36	19.94	25.17	34.36	45.12	34.17	34.98	50.47	37.67	50.77	33.66
Dividend Yield	1.74%	2.08%	1.65%	1.08%	0.72%	0.77%	0.58%	0.39%	0.51%	0.38%	0.60%
Earnings Yield	4.47%	5.02%	3.97%	2.91%	2.22%	2.93%	2.86%	1.98%	2.65%	1.97%	2.97%
Enterprise Value to Invested Capital (EV/IC)	10.05	9.31	13.23	22.68	34.21	28.93	31.16	48.82	40.69	53.42	35.53
Enterprise Value to Revenue (EV/Rev)	4.93	4.07	4.89	6.86	9.47	8.17	9.73	14.49	11.20	15.35	9.70
Enterprise Value to EBITDA (EV/EBITDA)	19.66	17.42	21.19	27.77	36.23	27.38	30.18	43.07	31.65	42.50	26.41
Enterprise Value to EBIT (EV/EBIT)	20.52	18.26	22.24	29.09	37.74	28.37	31.08	44.12	32.33	43.27	26.86
Enterprise Value to NOPAT (EV/NOPAT)	21.30	18.81	22.87	31.21	41.38	32.43	33.88	49.20	36.97	50.04	33.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	23.99	17.40	19.55	26.08	25.61	39.12	66.06	46.46	62.48	34.21
Enterprise Value to Free Cash Flow (EV/FCFF)	186.93	20.64	15.89	18.45	24.92	24.79	38.65	66.21	49.09	66.36	36.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-65.79	35.29	7.82	3.12	1.51	0.85	0.43	0.20	0.10	0.05	0.05
Long-Term Debt to Equity	-63.46	33.88	7.44	2.99	1.42	0.07	0.05	0.04	0.06	0.05	0.05
Financial Leverage	-6.52	-11.32	-78.66	11.20	4.52	2.23	0.99	0.40	0.08	-0.06	-0.19
Leverage Ratio	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43	2.61	2.14	1.84	1.74
Compound Leverage Factor	-9.87	-16.39	-123.87	20.36	9.17	5.46	3.43	2.61	2.14	1.84	1.74
Debt to Total Capital	101.54%	97.24%	88.66%	75.72%	60.14%	45.96%	29.90%	16.79%	9.38%	4.45%	4.34%
Short-Term Debt to Total Capital	3.58%	3.89%	4.35%	3.15%	3.35%	42.06%	26.18%	13.40%	4.23%	0.00%	0.00%
Long-Term Debt to Total Capital	97.96%	93.36%	84.31%	72.57%	56.79%	3.90%	3.72%	3.38%	5.15%	4.45%	4.34%
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	-1.54%	2.76%	11.34%	24.28%	39.86%	54.04%	70.10%	83.21%	90.62%	95.55%	95.66%
Debt to EBITDA	2.20	2.04	1.67	1.18	0.78	0.54	0.34	0.18	0.10	0.05	0.05
Net Debt to EBITDA	1.99	1.81	1.39	0.85	0.54	0.32	0.16	-0.01	-0.19	-0.28	-0.45
Long-Term Debt to EBITDA	2.12	1.96	1.59	1.13	0.74	0.05	0.04	0.04	0.05	0.05	0.05
Debt to NOPAT	2.38	2.21	1.80	1.32	0.89	0.63	0.39	0.21	0.12	0.06	0.07
Net Debt to NOPAT	2.15	1.96	1.50	0.95	0.62	0.38	0.18	-0.01	-0.22	-0.33	-0.57
Long-Term Debt to NOPAT	2.30	2.12	1.72	1.27	0.84	0.05	0.05	0.04	0.06	0.06	0.07
Altman Z-Score	6.07	6.06	7.76	11.28	16.63	16.14	22.05	39.92	37.82	59.94	29.15
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	3.84	3.95	3.22	2.54	2.22	1.39	1.65	2.09	2.72	3.56	2.93
Quick Ratio	0.94	1.14	1.04	0.93	0.70	0.48	0.55	0.74	1.09	1.56	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-288	55	299	443	471	365	179	1.79	13	1.00	192
Operating Cash Flow to CapEx	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%	5,540.78%
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	1.44	1.47	1.51	1.58	1.71	1.84	1.96	2.08	2.13	2.05	1.79
Accounts Receivable Turnover	11.61	11.45	11.45	11.75	12.68	11.33	12.44	13.13	15.55	13.23	11.99
Inventory Turnover	1.69	1.84	1.98	2.13	2.12	2.39	2.56	2.72	2.68	2.69	2.42
Fixed Asset Turnover	21.97	22.85	22.96	24.87	26.93	30.25	33.29	36.69	39.86	42.61	43.83
Accounts Payable Turnover	6.67	10.46	11.58	13.89	12.07	13.78	13.49	10.36	8.72	11.22	5.91
Days Sales Outstanding (DSO)	31.44	31.87	31.89	31.07	28.79	32.21	29.34	27.79	23.47	27.59	30.45
Days Inventory Outstanding (DIO)	215.66	198.64	184.10	171.27	172.25	152.74	142.52	134.09	136.38	135.91	150.69
Days Payable Outstanding (DPO)	54.74	34.91	31.51	26.27	30.23	26.49	27.06	35.22	41.84	32.52	61.81
Cash Conversion Cycle (CCC)	192.37	195.61	184.47	176.07	170.81	158.46	144.81	126.66	118.01	130.97	119.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	921	836	712	610	596	656	804	818	818	890	894
Invested Capital Turnover	2.58	2.34	2.40	2.64	2.84	3.11	3.40	3.86	4.21	4.01	3.86
Increase / (Decrease) in Invested Capital	385	37	-181	-306	-325	-180	91	209	222	233	91
Enterprise Value (EV)	9,257	7,785	9,424	13,829	20,377	18,980	25,037	39,954	33,280	47,516	31,775
Market Capitalization	8,320	6,975	8,807	13,407	20,072	18,760	24,901	39,964	33,477	47,829	32,321
Book Value per Share	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05	$13.69	$16.79	$19.86	$23.80
Tangible Book Value per Share	($0.26)	$0.43	$1.57	$3.11	$4.80	$7.21	$11.05	$13.69	$16.79	$19.86	$23.80
Total Capital	1,019	939	839	775	729	807	953	996	1,121	1,258	1,506
Total Debt	1,034	913	744	587	438	371	285	167	105	56	65
Total Long-Term Debt	998	876	707	562	414	31	35	34	58	56	65
Net Debt	937	811	617	422	305	220	135	-10	-198	-313	-546
Capital Expenditures (CapEx)	3.85	3.23	1.87	2.60	1.99	2.83	5.17	5.16	3.63	5.56	5.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	757	681	541	422	421	492	562	583	562	641	597
Debt-free Net Working Capital (DFNWC)	854	784	668	587	554	643	712	761	865	1,009	1,208
Net Working Capital (NWC)	818	747	631	562	529	304	462	627	817	1,009	1,208
Net Nonoperating Expense (NNE)	15	16	14	8.53	9.35	4.42	3.29	2.56	1.27	0.53	-2.55
Net Nonoperating Obligations (NNO)	937	811	617	422	305	220	135	-10	-198	-313	-546
Total Depreciation and Amortization (D&A)	4.94	5.50	4.97	7.16	4.92	7.23	4.61	5.42	4.87	4.94	4.74
Debt-free, Cash-free Net Working Capital to Revenue	40.32%	35.63%	28.07%	20.92%	19.56%	21.20%	21.85%	21.16%	18.91%	20.70%	18.22%
Debt-free Net Working Capital to Revenue	45.53%	40.99%	34.62%	29.11%	25.75%	27.70%	27.66%	27.59%	29.10%	32.60%	36.89%
Net Working Capital to Revenue	43.58%	39.08%	32.73%	27.90%	24.61%	13.08%	17.97%	22.75%	27.50%	32.60%	36.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.41	$3.44	$3.86	$3.87	$4.70
Adjusted Weighted Average Basic Shares Outstanding	60.45M	60.46M	60.45M	60.47M	60.47M	60.49M	60.48M	60.50M	60.50M	60.52M	60.51M
Adjusted Diluted Earnings per Share	$1.36	$1.26	$1.72	$2.12	$2.26	$2.98	$4.40	$3.43	$3.86	$3.86	$4.70
Adjusted Weighted Average Diluted Shares Outstanding	60.45M	60.46M	60.46M	60.49M	60.53M	60.55M	60.53M	60.56M	60.57M	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	60.46M	60.46M	60.47M	60.47M	60.49M	60.49M	60.50M	60.50M	60.52M	60.52M	60.53M
Normalized Net Operating Profit after Tax (NOPAT)	97	92	118	137	146	185	183	210	235	234	282
Normalized NOPAT Margin	20.80%	18.64%	23.28%	24.81%	24.36%	27.83%	24.10%	28.68%	28.82%	29.74%	30.12%
Pre Tax Income Margin	22.12%	18.73%	23.95%	28.82%	27.90%	33.34%	34.01%	35.23%	35.75%	36.81%	36.60%
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	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%	19.86%	19.06%	19.27%	20.16%
Augmented Payout Ratio	38.98%	41.47%	41.46%	37.19%	32.62%	26.44%	20.39%	19.86%	19.06%	19.27%	20.16%

Financials Breakdown Chart

Key Financial Trends

Ubiquiti’s recent financial statements show a business with strong revenue and earnings momentum, improving liquidity and substantially lower debt than in prior years. However, investors should continue to monitor inventory levels, financing outflows and the company’s reliance on sustained operating growth.

Revenue growth has accelerated. Q4 fiscal 2026 revenue reached $937.3 million, up approximately 23.5% from $759.2 million in Q4 fiscal 2025 and 18.9% from the prior quarter. Revenue increased from $443.1 million in Q4 fiscal 2022, indicating substantial multi-year expansion.
Profitability remains strong. Q4 fiscal 2026 gross profit was $429.3 million, representing a gross margin of approximately 45.8%. Operating income was $340.0 million, or about 36.3% of revenue, while net income was $284.9 million, or roughly 30.4% of revenue.
Earnings per share reached a new high in the supplied quarterly data. Diluted EPS increased to $4.70 in Q4 fiscal 2026 from $3.86 in Q3 fiscal 2026 and $4.40 in Q4 fiscal 2025. The weighted-average diluted share count has remained broadly stable near 60.5 million, limiting dilution.
Operating cash flow is keeping pace with earnings. Ubiquiti generated $298.5 million in operating cash flow in Q4 fiscal 2026, compared with $167.8 million in Q3 and $130.4 million in Q4 fiscal 2025. Quarterly operating cash flow was slightly higher than reported net income, a favorable sign for earnings quality.
Liquidity has improved materially. Cash and equivalents increased to $368.7 million at March 31, 2026, from $302.8 million at December 31, 2025 and $177.2 million at September 30, 2025. Current assets of $1.40 billion were more than three times current liabilities of $394.1 million.
Debt reduction has strengthened the balance sheet. Short-term debt fell to zero at March 31, 2026, compared with $339.4 million at March 31, 2025. Total liabilities declined to $513.3 million from $862.2 million over the same period, while shareholders’ equity increased to $1.20 billion from $436.1 million.
Capital spending remains modest relative to cash generation. Q4 fiscal 2026 purchases of property, plant and equipment were $5.4 million, only a small portion of the quarter’s $298.5 million in operating cash flow. This leaves considerable cash-generation capacity after basic capital expenditures.
Shareholder distributions are consistent but significant. Ubiquiti paid approximately $48.4 million in dividends during Q4 fiscal 2026, and the reported dividend per share was $0.80 in recent fiscal 2026 quarters versus $0.60 in fiscal 2025. The distributions support income-oriented investors but compete with other uses of cash.
Reported figures include restated and calculated periods. Several historical statements in the supplied data are marked “restated,” while Q4 fiscal 2026 is identified as calculated. Investors should verify the company’s filings when comparing long-term trends or building valuation estimates.
Inventory remains elevated. Net inventory was $654.0 million at March 31, 2026, representing nearly 47% of current assets. Although inventory declined from $680.7 million at December 31, 2025, a large inventory balance could pressure cash flow or margins if demand weakens or products become obsolete.
Investing cash flow was unusually negative in Q4 fiscal 2026. Net cash used in investing activities was $94.7 million, far above the $5.6 million used in the prior quarter, even though capital expenditures were only $5.4 million. The supplied data does not identify the remaining investment outflow, so investors should review the underlying filing for details.
Financing outflows remain substantial. Ubiquiti used $49.9 million in financing activities during Q4 fiscal 2026, primarily for dividends and debt repayment. In each of the first three fiscal 2026 quarters, financing cash flow was also negative, totaling approximately $301.0 million before Q4.

Overall, the statements point to a stronger operating and financial profile than Ubiquiti had several years ago: revenue, margins, earnings, cash generation and equity have all improved, while debt has been reduced. The main risks are elevated inventory, potentially volatile working-capital needs and the need to clarify the large Q4 investing outflow.

08/24/26 06:11 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 2026 ended on June 30, 2026.

Ubiquiti's net income appears to be on an upward trend, with a most recent value of $960.30 million in 2026, rising from $213.62 million in 2016. The previous period was $711.92 million in 2025. View Ubiquiti's forecast to see where analysts expect Ubiquiti to go next.

Ubiquiti's total operating income in 2026 was $1.19 billion, based on the following breakdown:

Total Gross Profit: $1.51 billion
Total Operating Expenses: $325.93 million

Over the last 10 years, Ubiquiti's total revenue changed from $666.40 million in 2016 to $3.27 billion in 2026, a change of 391.3%.

Ubiquiti's total liabilities were at $757.94 million at the end of 2026, a 5.0% decrease from 2025, and a 147.1% increase since 2016.

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 $522.58 million as of their latest financial filing in 2026.

Over the last 10 years, Ubiquiti's book value per share changed from 5.31 in 2016 to 23.80 in 2026, a change of 348.1%.

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Financial statements for NYSE:UI last updated on 8/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ubiquiti (UI) Financials

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Ubiquiti Financials - Frequently Asked Questions

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Ubiquiti (UI) Financials

Annual Income Statements for Ubiquiti

Quarterly Income Statements for Ubiquiti

Annual Cash Flow Statements for Ubiquiti

Quarterly Cash Flow Statements for Ubiquiti

Annual Balance Sheets for Ubiquiti

Quarterly Balance Sheets for Ubiquiti

Annual Metrics And Ratios for Ubiquiti

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?

How much debt does Ubiquiti have?

How much cash does Ubiquiti have?

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

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