Unity Software Inc. U
Unity is the leading platform to develop, deploy, and grow games and interactive experiences. We offer a suite of tools across all major platforms from mobile, PC, and console, to extended reality (XR). Our comprehensive set of software, including AI solutions, supports developers through the entire development lifecycle – from prototyping to live service operation, user acquisition, and monetization. Our platform is used by creators of all types - such as developers, artists, and designers - to build content in gaming and non-gaming industries, including automotive, retail, manufacturing, healthcare, public sector, robotics, architecture, civil and mechanical engineering, design and construction.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85B | $1.81B | $2.19B | $1.39B | $1.11B | $772.4M | $541.8M | $380.8M | — |
| Cost of revenue | $477.7M | $480.9M | $733.7M | $442.5M | $253.6M | $172.3M | $118.6M | $81.3M | — |
| Gross profit | $1.37B | $1.33B | $1.45B | $948.5M | $856.9M | $600.1M | $423.2M | $299.5M | — |
| R&D | $929.5M | $924.8M | $1.05B | $959.5M | $695.7M | $403.5M | $255.9M | $204.1M | — |
| SG&A | $268.5M | $410.1M | $398.2M | $373.3M | $347.9M | $255.0M | $143.8M | $91.3M | — |
| Total operating expenses | $1.85B | $2.09B | $2.29B | $1.83B | $1.39B | $874.9M | $573.9M | $429.8M | — |
| Operating income | -$479.1M | -$755.1M | -$832.8M | -$882.2M | -$531.7M | -$274.8M | -$150.7M | -$130.3M | — |
| Interest expense | $24.0M | $23.5M | $24.6M | $7.4M | $1.1M | $1.5M | $0 | $0 | — |
| Pre-tax income | -$395.2M | -$667.1M | -$797.8M | -$882.4M | -$531.2M | -$280.2M | -$153.2M | -$132.6M | — |
| Income tax | $6.3M | $2.8M | $28.5M | $37.1M | $1.4M | $2.1M | $9.9M | $1.0M | — |
| Net income | -$402.8M | -$664.1M | -$822.0M | -$921.1M | -$532.6M | -$282.3M | -$163.2M | -$131.6M | — |
| EPS, basic | -0.96 | -1.68 | -2.16 | -2.96 | -1.89 | -1.66 | -2.39 | — | — |
| EPS, diluted | -0.96 | -1.68 | -2.16 | -2.96 | -1.89 | -1.66 | -2.39 | -1.24 | — |
| Shares, diluted (wtd. avg.) | $420.9M | $396.0M | $380.5M | $310.5M | $282.2M | $170.0M | $114.4M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.06B | $1.52B | $1.60B | $1.51B | $1.07B | $1.29B | $147.1M | $273.3M | $246.1M |
| Short-term investments | — | — | — | $101.7M | $681.3M | — | — | — | — |
| Receivables | $643.6M | $573.9M | $611.7M | $633.8M | $340.5M | $274.3M | $204.9M | — | — |
| Total current assets | $2.81B | $2.23B | $2.32B | $2.36B | $2.15B | $2.08B | $367.4M | — | — |
| Property, plant and equipment | $68.3M | $98.8M | $140.9M | $121.9M | $106.1M | $95.5M | $79.0M | — | — |
| Goodwill | $3.17B | $3.17B | $3.20B | $3.20B | $1.62B | $286.3M | $218.3M | $45.4M | — |
| Other intangibles | $650.5M | $1.07B | $1.41B | $1.92B | $814.4M | $57.5M | $62.0M | — | — |
| Total assets | $6.84B | $6.74B | $7.24B | $7.83B | $4.84B | $2.67B | $762.9M | — | — |
| Accounts payable | $14.0M | $13.9M | $14.5M | $20.2M | $14.0M | $11.3M | $10.7M | — | — |
| Total current liabilities | $1.53B | $889.5M | $894.1M | $1.01B | $626.1M | $503.2M | $336.5M | — | — |
| Total liabilities | $3.34B | $3.31B | $3.83B | $4.08B | $2.45B | $634.1M | $368.9M | — | — |
| Retained earnings | -$4.14B | -$3.74B | -$3.07B | -$2.25B | -$1.33B | -$797.5M | -$515.2M | — | — |
| Total equity | $3.24B | $3.19B | $3.19B | $3.53B | $2.39B | $2.04B | $393.9M | $316.1M | $256.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $423.0M | $315.6M | $234.7M | -$59.4M | -$111.4M | $19.9M | -$67.9M | -$81.1M | — |
| Depreciation and amortisation | $460.9M | $409.0M | $563.9M | $211.6M | $64.6M | $43.0M | $31.1M | $20.5M | — |
| Stock-based compensation | $385.2M | $596.2M | $648.7M | $550.1M | $347.2M | $134.6M | $31.0M | $20.6M | — |
| Capital expenditure | $19.0M | $29.5M | $55.9M | $57.1M | $41.9M | $40.2M | $27.0M | $38.0M | — |
| Investing cash flow | -$24.0M | -$42.4M | $44.0M | $723.2M | -$1.84B | -$575.2M | -$219.5M | -$40.0M | — |
| Financing cash flow | $110.1M | -$338.3M | -$174.0M | -$226.6M | $1.72B | $1.70B | $161.5M | $148.3M | — |
| Buybacks | $0 | $0 | $250.0M | $1.50B | $0 | $110.0K | $286.4M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001810806-26-000011.
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