Ubiquiti Inc. UI

Technology SIC 3663 - Radio & Tv Broadcasting & Communications Equipment NAICS Manufacturing › Computer and Electronic Product Manufacturing › Communications Equipment Manufacturing › Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing derived NYSE

The Company was founded by Robert Pera in 2005. We sell equipment, and provide the related software platforms, worldwide through a network of over 100 distributors, on-line retailers and direct to customers through our webstores. Ubiquiti is focused on democratizing network technology on a global scale. Our devices play a role in creating networking infrastructure in over 200 countries and territories around the world. Our professional networking products are powered by our UISP and UniFi OS software platforms to provide high-capacity distributed Internet access and unified information technology management, respectively.

We develop technology platforms for high-capacity distributed internet access, unified information for secure and easily managed network infrastructure, connected sensors, cameras, access devices, appliances and other endpoint devices for enterprises, industrial and service-provider environments. We categorize our solutions into two main categories: high performance networking technology for enterprises and service providers. We target the enterprise and service provider markets through our highly engaged community of service providers, distributors, value added resellers, webstores, systems integrators and corporate IT professionals, which we refer to as the Ubiquiti Community.

Last close 587.42 2026-10-23
Market cap $35.56B 2026-06-30 share count
52-week range 500.23 - 1,099.99

Valuation FY2026 figures against the last close

P/S10.9x
P/E37.1x
P/FCF39.1x
EV/EBITDA29.0x
Dividend yield0.5%
Diluted EPS15.85

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $3.27B$2.57B$1.93B$1.94B$1.69B$1.90B$1.28B$1.16B$1.02B$865.3M
Cost of revenue $1.76B$1.46B$1.19B$1.18B$1.02B$985.8M$676.3M$624.1M$573.3M$469.6M
Gross profit $1.51B$1.12B$739.8M$760.7M$669.8M$912.3M$608.2M$537.6M$443.6M$395.7M
R&D $204.2M$169.7M$159.8M$145.2M$137.7M$116.2M$89.4M$82.1M$74.3M$69.1M
SG&A $121.8M$111.5M$81.0M$71.0M$69.9M$53.5M$40.6M$43.2M$43.1M$36.9M
Total operating expenses $325.9M$281.2M$240.8M$216.2M$207.5M$169.7M$130.0M$143.3M$117.4M$105.9M
Operating income $1.19B$836.3M$499.0M$544.6M$462.3M$742.6M$478.2M$394.3M$326.1M$289.8M
Pre-tax income $1.18B$805.7M$423.8M$486.3M$444.4M$727.7M$450.2M$381.5M$314.1M$285.0M
Income tax $222.8M$93.7M$73.9M$78.7M$65.8M$111.1M$69.9M$58.8M$117.9M$27.5M
Net income $960.3M$711.9M$350.0M$407.6M$378.7M$616.6M$380.3M$322.7M$196.3M$257.5M
EPS, basic 15.8711.775.796.756.149.795.814.522.543.16
EPS, diluted 15.8511.765.796.746.139.785.804.512.513.09
Shares, diluted (wtd. avg.) 60.6M60.5M60.5M60.5M61.7M63.1M65.5M71.6M78.3M83.3M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $522.6M$149.7M$126.3M$114.8M$136.2M$249.4M$142.6M$238.1M$666.7M$604.2M
Short-term investments $88.6M$0$0$109.0K$427.0K$1.3M$925.0K$69.9M$0—
Receivables $301.7M$244.6M$169.1M$167.8M$119.6M$172.3M$142.2M$156.0M$174.5M$140.6M
Inventory $780.4M$675.1M$462.0M$737.1M$262.4M$233.8M$285.9M$264.3M$102.2M$142.0M
Total current assets $1.83B$1.17B$916.0M$1.17B$621.6M$694.2M$586.6M$753.8M$1.00B$952.3M
Property, plant and equipment $75.9M$73.5M$81.1M$86.8M$80.2M$79.1M$78.5M$13.6M$14.3M$12.9M
Other intangibles $1.7M$2.6M$4.2M$5.7M$7.2M$8.7M$3.1M$3.3M$460.0K$437.0K
Total assets $2.20B$1.47B$1.15B$1.41B$844.7M$891.0M$737.5M$875.9M$1.02B$972.7M
Accounts payable $432.2M$164.8M$51.1M$154.2M$83.7M$112.1M$155.5M$38.7M$14.1M$49.0M
Short-term debt $0$249.6M$36.5M$36.5M$23.9M$23.9M$24.1M$30.7M$24.4M$14.7M
Total current liabilities $626.6M$710.9M$284.8M$351.8M$310.9M$276.4M$264.3M$179.2M$112.9M$98.5M
Long-term debt —$0$669.9M$1.04B$762.6M$467.0M$628.4M$464.7M$460.4M$241.8M
Total liabilities $757.9M$798.2M$1.06B$1.52B$1.23B$888.3M$1.03B$776.6M$706.8M$370.9M
Retained earnings $1.42B$651.1M$84.4M-$120.5M-$383.1M$2.6M-$296.0M$98.8M$315.3M$601.2M
Total equity $1.44B$668.3M$95.1M-$115.7M-$382.9M$2.7M-$295.5M$99.3M$315.7M$601.8M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $928.7M$640.0M$541.5M-$145.4M$370.3M$612.0M$460.3M$259.3M$332.0M$112.0M
Depreciation and amortisation $18.9M$21.9M$19.3M$16.3M$13.7M$12.1M$7.7M$7.6M$7.3M$7.1M
Stock-based compensation $7.4M$7.2M$6.4M$4.7M$3.5M$3.0M$2.9M$2.9M$3.2M$2.8M
Capital expenditure $19.7M$12.6M$12.0M$20.9M$13.5M$18.3M$30.6M$51.7M$9.1M$7.2M
Investing cash flow -$109.1M-$12.6M-$12.0M-$20.9M-$11.2M-$19.3M$69.6M-$157.6M-$9.1M-$7.2M
Financing cash flow -$446.8M-$604.1M-$518.0M$145.0M-$472.3M-$486.0M-$625.4M-$530.2M-$260.4M-$51.6M
Dividends paid $193.6M$145.2M$145.1M$145.0M$148.1M$100.8M$78.7M$71.4M$0$0
Buybacks ——$0$0$618.1M$219.8M$700.1M$468.2M$445.0M$105.2M

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 0001511737-26-000056.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2017: 865.3M Gross profit, FY2017: 395.7M Net income, FY2017: 257.5M Revenue, FY2018: 1B Gross profit, FY2018: 443.6M Net income, FY2018: 196.3M Revenue, FY2019: 1.2B Gross profit, FY2019: 537.6M Net income, FY2019: 322.7M Revenue, FY2020: 1.3B Gross profit, FY2020: 608.2M Net income, FY2020: 380.3M Revenue, FY2021: 1.9B Gross profit, FY2021: 912.3M Net income, FY2021: 616.6M Revenue, FY2022: 1.7B Gross profit, FY2022: 669.8M Net income, FY2022: 378.7M Revenue, FY2023: 1.9B Gross profit, FY2023: 760.7M Net income, FY2023: 407.6M Revenue, FY2024: 1.9B Gross profit, FY2024: 739.8M Net income, FY2024: 350M Revenue, FY2025: 2.6B Gross profit, FY2025: 1.1B Net income, FY2025: 711.9M Revenue, FY2026: 3.3B Gross profit, FY2026: 1.5B Net income, FY2026: 960.3M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $865.3M $1.02B $1.16B $1.28B $1.90B $1.69B $1.94B $1.93B $2.57B $3.27B
Gross profit $395.7M $443.6M $537.6M $608.2M $912.3M $669.8M $760.7M $739.8M $1.12B $1.51B
Net income $257.5M $196.3M $322.7M $380.3M $616.6M $378.7M $407.6M $350.0M $711.9M $960.3M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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