NYSE: UI
Ubiquiti Inc.CIK 0001511737 · SIC 3663 · Radio & TV Broadcasting & Communications Equipment
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Ubiquiti's revenue rose 27.2% to $3.27B in fiscal 2026, and net income climbed 34.9% to $960.3M.
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Latest financial statements
From 10-K filed Aug 21, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share amounts)
| Description | Year ended June 30, 2026 | Year ended June 30, 2025 | Year ended June 30, 2024 |
|---|---|---|---|
| Revenues | 3,274,162 | 2,573,545 | 1,928,490 |
| Cost of revenues | 1,762,788 | 1,456,094 | 1,188,728 |
| Gross profit | 1,511,374 | 1,117,451 | 739,762 |
| Operating expenses: | |||
| Research and development | 204,166 | 169,672 | 159,768 |
| Sales, general and administrative | 121,766 | 111,499 | 80,997 |
| Total operating expenses | 325,932 | 281,171 | 240,765 |
| Income from operations | 1,185,442 | 836,280 | 498,997 |
| Interest expense and other, net | 2,367 | 30,628 | 75,169 |
| Income before income taxes | 1,183,075 | 805,652 | 423,828 |
| Provision for income taxes | 222,772 | 93,730 | 73,868 |
| Net income | 960,303 | 711,922 | 349,960 |
| Net income per share of common stock: | |||
| Basic | 15.87 | 11.77 | 5.79 |
| Diluted | 15.85 | 11.76 | 5.79 |
| Weighted average shares used in computing net income per share of common stock: | |||
| Basic | 60,510 | 60,480 | 60,454 |
| Diluted | 60,570 | 60,534 | 60,458 |
| Other comprehensive income: | |||
| Unrealized (losses) gains on available-for-sale investments | (4) | — | — |
| Other comprehensive (loss) income | (4) | — | — |
| Comprehensive income | 960,299 | 711,922 | 349,960 |
Consolidated Balance Sheets
(In thousands, except share and per share data)
| Description | June 30, 2026 | June 30, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 522,579 | 149,727 |
| Investments short-term | 88,620 | — |
| Accounts receivable, net of allowance for doubtful accounts of $12,125 and $11,956 at June 30, 2026 and 2025 respectively | 301,688 | 244,616 |
| Inventories | 780,440 | 675,098 |
| Vendor deposits | 73,194 | 48,209 |
| Prepaid expenses and other current assets | 67,955 | 55,572 |
| Total current assets | 1,834,476 | 1,173,222 |
| Property and equipment, net | 75,908 | 73,495 |
| Operating lease right-of-use assets, net | 75,854 | 44,655 |
| Deferred tax assets | 143,862 | 107,968 |
| Other long-term assets | 68,090 | 67,111 |
| Total assets | 2,198,190 | 1,466,451 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | 432,221 | 164,793 |
| Income taxes payable | 10,761 | 40,733 |
| Debt short-term | — | 249,557 |
| Other current liabilities | 183,645 | 255,772 |
| Total current liabilities | 626,627 | 710,855 |
| Income taxes payable long-term | 24,826 | 25,529 |
| Operating lease liabilities long-term | 65,268 | 35,458 |
| Deferred tax liability | 349 | 334 |
| Other long-term liabilities | 40,874 | 26,015 |
| Total liabilities | 757,944 | 798,191 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Preferred stock—$0.001 par value; 50,000,000 shares authorized; none issued | — | — |
| Common stock—$0.001 par value; 500,000,000 shares authorized: | ||
| 60,522,091 and 60,492,105 issued and outstanding at June 30, 2026 and 2025, respectively | 61 | 61 |
| Additional paid–in capital | 22,396 | 17,075 |
| Accumulated other comprehensive (loss) | (4) | — |
| Retained earnings | 1,417,793 | 651,124 |
| Total stockholders’ equity | 1,440,246 | 668,260 |
| Total liabilities and stockholders’ equity | 2,198,190 | 1,466,451 |
Consolidated Statements of Cash Flows
(In thousands)
| Description | Years ended June 30, 2026 | Years ended June 30, 2025 | Years ended June 30, 2024 |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | 960,303 | 711,922 | 349,960 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 18,944 | 21,901 | 19,251 |
| Amortization of debt issuance costs | 1,016 | 2,022 | 1,725 |
| Provision for excess and obsolete inventory | 4,104 | 6,657 | 23,905 |
| Provision for loss on vendor deposits | 4,482 | 11,088 | 20,019 |
| Share-based compensation | 7,444 | 7,208 | 6,358 |
| Deferred taxes, net | (35,878) | (72,192) | (11,967) |
| Provision for bad debt | 169 | 11,458 | (574) |
| Other, net | 1,626 | (685) | 745 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (57,241) | (86,927) | (1,765) |
| Inventories | (109,498) | (219,867) | 250,665 |
| Vendor deposits | (29,468) | 64,164 | (18,253) |
| Prepaid expenses and other assets | (12,950) | (16,344) | (17,564) |
| Accounts payable | 266,687 | 113,550 | (103,086) |
| Income taxes payable | (30,675) | (10,812) | (17,115) |
| Deferred revenues | 34,214 | 30,122 | 6,595 |
| Accrued and other liabilities | (94,597) | 66,762 | 32,617 |
| Net cash provided by (used in) operating activities | 928,682 | 640,027 | 541,516 |
| Cash Flows from Investing Activities: | |||
| Purchase of property and equipment and other long-term assets | (19,738) | (12,586) | (11,975) |
| Purchase of investments | (89,387) | — | — |
| Proceeds from maturities of investments | 53 | — | — |
| Net cash used in investing activities | (109,072) | (12,586) | (11,975) |
| Cash Flows from Financing Activities: | |||
| Proceeds from borrowing under the credit facility- Revolver | — | 30,000 | — |
| Repayment against credit facility- Revolver | — | (205,000) | (215,000) |
| Repayment against credit facility- Term | (250,000) | (283,125) | (157,500) |
| Debt issuance costs | (1,001) | — | — |
| Payment of common stock cash dividends | (193,634) | (145,153) | (145,091) |
| Tax withholdings related to net share settlements of restricted stock units | (2,123) | (778) | (434) |
| Net cash (used in) provided by financing activities | (446,758) | (604,056) | (518,025) |
| Net increase (decrease) in cash and cash equivalents | 372,852 | 23,385 | 11,516 |
| Cash and cash equivalents at beginning of period | 149,727 | 126,342 | 114,826 |
| Cash and cash equivalents at end of period | 522,579 | 149,727 | 126,342 |
| Supplemental Disclosure of Cash Flow Information: | |||
| Income taxes paid, net of refunds | 289,971 | 177,237 | 108,572 |
| Interest paid | 5,078 | 31,048 | 75,094 |
| Non-Cash Investing and Financing Activities: | |||
| Right-of-use asset recognized | 46,450 | 10,565 | 4,393 |
| Unpaid property and equipment and other long-term assets | 2,190 | 1,448 | 1,300 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands, except share and per share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗