Ubiquiti Inc. Income Statement
UI / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Ubiquiti Inc. reported $2.6B in revenue and $712M in net income for FY2025. Revenue has grown at a 20.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.48 (safe zone, above 2.9 threshold)
- Strong profit margin: 27.7%
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6B | $1.9B | $1.9B | $1.7B | $1.9B | $1.3B | $1.2B | $1.0B | $865.3M | $666.4M | $595.9M | $136.6M | $80.6M | $137.0M | $197.9M |
| Cost of Revenue | $1.5B | $1.2B | $1.2B | $1.0B | $985.8M | $676.3M | $624.1M | $573.3M | $469.6M | $341.6M | $333.8M | $319.0M | $185.5M | $82.4M | $117.1M |
| Gross Profit | $1.1B | $739.8M | $760.7M | $669.8M | $912.3M | $608.2M | $537.6M | $443.6M | $395.7M | $324.8M | $262.2M | $253.5M | $135.3M | $54.5M | $80.8M |
| SG&A Expense | $111.5M | $81.0M | $71.0M | $69.9M | $53.5M | $40.6M | $43.2M | $43.1M | $36.9M | $33.3M | $21.6M | $23.6M | $21.8M | $18.2M | $7.4M |
| R&D Expense | $169.7M | $159.8M | $145.2M | $137.7M | $116.2M | $89.4M | $82.1M | $74.3M | $69.1M | $57.8M | $54.6M | $34.0M | $21.0M | $31.7M | $11.4M |
| Operating Income | $836.3M | $499.0M | $544.6M | $462.3M | $742.6M | $478.2M | $394.3M | $326.1M | $289.8M | $242.1M | $146.9M | $195.9M | $92.6M | $4.7M | $62.1M |
| Income Tax | $93.7M | $73.9M | $78.7M | $65.8M | $111.1M | $69.9M | $58.8M | $117.9M | $27.5M | $26.3M | $16.1M | $17.7M | $11.3M | $10.7M | $12.4M |
| Net Income | $711.9M | $350.0M | $407.6M | $378.7M | $616.6M | $380.3M | $322.7M | $196.3M | $257.5M | $213.6M | $129.7M | $176.9M | $80.5M | -$5.5M | $49.7M |
| EPS (Basic) | $6.75 | $6.14 | $9.79 | $5.81 | $4.52 | $2.54 | $3.16 | $2.53 | $1.47 | $2.02 | $0.91 | -$0.12 | $0.08 | -$0.08 | $0.08 |
| EPS (Diluted) | $6.74 | $6.13 | $9.78 | $5.80 | $4.51 | $2.51 | $3.09 | $2.49 | $1.45 | $1.97 | $0.89 | -$0.12 | $0.07 | -$0.08 | $0.07 |
| Shares Outstanding | 60.5M | 60.4M | 60.4M | 62.6M | 63.7M | 69.5M | 74.1M | 80.3M | 81.7M | 87.4M | 88.2M | 87.2M | 92.0M | 62.7M | 66.9M |
| Gross Margin | 43.4% | 38.4% | 39.2% | 39.6% | 48.1% | 47.3% | 46.3% | 43.6% | 45.7% | 48.7% | 44.0% | 185.5% | 167.9% | 39.8% | 40.8% |
| Operating Margin | 32.5% | 25.9% | 28.1% | 27.3% | 39.1% | 37.2% | 33.9% | 32.1% | 33.5% | 36.3% | 24.6% | 143.4% | 114.9% | 3.4% | 31.4% |
| Profit Margin | 27.7% | 18.1% | 21.0% | 22.4% | 32.5% | 29.6% | 27.8% | 19.3% | 29.8% | 32.1% | 21.8% | 129.5% | 99.9% | -4.0% | 25.1% |