Ubiquiti Inc. develops networking hardware and related software for enterprises, service providers and consumers. Its UniFi and UISP platforms support Wi-Fi, switching, routing, surveillance, access control, broadband access and backhaul. It sells through distributors, online retailers and its own webstores and reports one operating segment.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Jun 30, 20240001511737-24-000053 | Aug 23, 2024 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20250001511737-25-000053 | Aug 22, 2025 | 10-K | Open 10-Ksec.gov |
| Jun 30, 20260001511737-26-000056 | Aug 21, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Ubiquiti entered fiscal 2027 with stronger operating earnings, substantial cash and investments, and no outstanding facility borrowings at June 30, 2026. Enterprise Technology drove the recovery from fiscal 2024’s weaker results, while Service Provider Technology remained a smaller, uneven contributor. Fiscal 2026 revenue reached $3.274 billion and GAAP net income $960.3 million, despite the nonrecurrence of fiscal 2025’s $53.7 million deferred-tax benefit. Operating cash flow also improved, although inventory investment and supplier-payment timing remain important to cash conversion. The financial improvement does not remove dependence on concentrated manufacturing and chipset suppliers, uncertain distributor demand, tariffs or unresolved tax and patent disputes. Fourth-quarter component-cost pressure also cautions against extrapolating annual margins. The extended $500 million repurchase authorization is permission to buy shares, not evidence of purchases.
Sources: 10-K · 2024-06-30 · 10-K · 2025-06-30 · 10-K · 2026-06-30 · EX-99.1 · 2026-08-20 · 8-K · 2026-08-20
Ubiquiti combines networking equipment with software that simplifies deployment and management. UniFi spans enterprise and connected-home networking, surveillance and access applications; UISP and related platforms serve broadband operators. Revenue remains principally hardware-derived. Included software support and upgrades do not make the business predominantly subscription-based. Enterprise Technology and Service Provider Technology are revenue categories, not separate operating segments, and their individual profitability is not disclosed. The company’s community-led model avoids a traditional direct sales force, while webstores accounted for 45% of fiscal 2026 revenue. This supports direct customer access but adds payment-processing and customer-data responsibilities.
Sources: 10-K · 2026-06-30
Revenue moved from $1.928 billion in fiscal 2024 to $2.574 billion in 2025 and $3.274 billion in 2026. Enterprise Technology supplied more than the entire fiscal 2026 net increase, reaching $2.972 billion, while Service Provider Technology declined to $301.9 million. Management identifies growth across all regions for Enterprise Technology but does not quantify how much came from units, prices or channel inventory. Gross margin improved to 46.2%, using the earnings release’s rounded presentation, from 43.4% in 2025. Favorable product mix and lower indirect costs outweighed higher tariffs. R&D and SG&A still increased in dollars; operating leverage did not mean broad spending cuts.
Fiscal 2026 GAAP net income was $960.3 million and diluted EPS $15.85. The comparison includes a headwind from the absence of fiscal 2025’s one-time $53.7 million deferred-tax benefit. That benefit increased accounting earnings, not cash receipts. Diluted weighted-average shares increased slightly, so EPS growth was not generated by share-count reduction.
Sources: 10-K · 2024-06-30 · 10-K · 2025-06-30 · 10-K · 2026-06-30 · EX-99.1 · 2026-08-20
Operating cash flow reached $928.7 million in fiscal 2026, compared with $640.0 million in 2025 and $541.5 million in 2024. These amounts are not interchangeable with profit. Fiscal 2024 benefited from releasing inventory accumulated during earlier supply shortages; fiscal 2025 and 2026 again absorbed cash in inventory. In 2026, inventories used $109.5 million, while accounts payable and accrued liabilities together supplied approximately $172.1 million. Cash and equivalents ended June 2026 at $522.6 million, with a separate $88.6 million of short-term investments. Cash purchases of property, equipment and other long-term assets were $19.7 million; the larger total investing outflow also included securities purchases.
Sources: 10-K · 2023-06-30 · 10-K · 2024-06-30 · 10-K · 2025-06-30 · 10-K · 2026-06-30
Ubiquiti repaid its remaining $250 million term-loan principal on February 27, 2026. A new $250 million PNC revolving facility signed May 7, 2026 matures May 7, 2031 and was undrawn at year-end. It provides borrowing access, not additional cash already held. Fiscal 2026 dividends paid were $193.6 million. No shares were repurchased under the August 2025 program during fiscal 2026. On August 20, 2026, the board extended that existing $500 million authorization to September 30, 2027, rather than approving another $500 million. The $1.00 quarterly dividend announced August 21 was payable September 8; the supplied filings establish declaration, not subsequent payment.
Sources: 10-K · 2026-06-30 · 8-K · 2026-08-20 · EX-99.1 · 2026-08-20
Manufacturing is concentrated in Vietnam and China, and certain chipsets have single suppliers. Distributor orders may diverge from final demand, complicating inventory planning. Purchase commitments of $1.533 billion and inventory of $780.4 million make forecasting consequential even without funded debt. Customs valuation, origin and classification challenges remain unresolved. Tax disputes include an approximately $50 million IRS exposure estimate excluding interest and penalties, while Hong Kong tax deposits are not unrestricted cash. AX Wireless seeks import and sales restrictions that could materially affect affected products. Founder Robert Pera’s majority voting control and central development role add governance and key-person dependence.
Sources: 10-K · 2026-06-30
USD 3.274162 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 3.274162 bn | 27.2% |
| 2025 | USD 2.573545 bn | 33.4% |
| 2024 | USD 1.92849 bn | — |
Consolidated revenue from hardware, essential software and related services, including implied PCS.
Sources: 10-K · 2026-06-30
USD 960.303 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 960.303 m | — |
| 2024 | USD 349.96 m | — |
Consolidated GAAP net income after income taxes.
Sources: 10-K · 2026-06-30
USD 711.922 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 711.922 m | — |
Consolidated GAAP net income, including the fiscal 2025 one-time deferred tax benefit.
Sources: 10-K · 2026-06-30
USD 928.682 m
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 928.682 m | 45.1% |
| 2025 | USD 640.027 m | 18.2% |
| 2024 | USD 541.516 m | — |
Net cash provided by operating activities, including working-capital changes.
Sources: 10-K · 2026-06-30
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