UI (Ubiquiti Inc.) Stock Financials & Earnings | Market Cap Arena

UI (Ubiquiti Inc.) Stock Financials & Earnings | Market Cap Arena

UIUbiquiti Inc.

Mkt Cap$47B

Technology·Communication Equipment·🇺🇸 United States·NYSE

Revenue (TTM)$3.0B

Net Income (TTM)$889M

EPS (TTM)$14.68

Free Cash Flow (TTM)$708M

Gross Margin45.4%

Op. Margin35.1%

Net Margin29.9%

FCF Margin23.8%

P/S Ratio (TTM)15.8x

P/E Ratio (TTM)53.0x

YoY Rev Growth+38.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 23	$458M	$188M	$134M
Q4 23	$491M	$203M	$144M
Q1 24	$463M	$184M	$128M
Q2 24	$465M	$178M	$121M
Q3 24	$493M	$174M	$111M
Q4 24	$507M	$204M	$138M
Q1 25	$550M	$232M	$169M
Q2 25	$600M	$247M	$179M
Q3 25	$664M	$296M	$227M
Q4 25	$759M	$343M	$261M
Q1 26	$734M	$337M	$262M
Q2 26	$815M	$374M	$293M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	24.9x	118.8x
Q4 23	24.3x	115.5x
Q1 24	24.7x	117.1x
Q2 24	25.1x	126.6x
Q3 24	24.6x	134.6x
Q4 24	24.4x	134.6x
Q1 25	23.4x	120.7x
Q2 25	21.9x	105.9x
Q3 25	20.3x	85.8x
Q4 25	18.3x	66.2x
Q1 26	17.1x	59.5x
Q2 26	15.8x	53.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	-$162M	-$164M
Q4 23	$14M	$9M
Q1 24	$68M	$65M
Q2 24	$79M	$75M
Q3 24	$164M	$161M
Q4 24	$231M	$230M
Q1 25	$234M	$231M
Q2 25	$152M	$150M
Q3 25	$124M	$121M
Q4 25	$130M	$125M
Q1 26	$198M	$193M
Q2 26	$264M	$269M

Capital Expenditures

CapEx

Quarter	CapEx
Q3 23	$2M
Q4 23	$5M
Q1 24	$3M
Q2 24	$4M
Q3 24	$3M
Q4 24	$2M
Q1 25	$3M
Q2 25	$2M
Q3 25	$3M
Q4 25	$5M
Q1 26	$5M
Q2 26	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+27.8%	+9.7%
Q4 23	+10.8%	+5.0%
Q1 24	-7.0%	-11.0%
Q2 24	-5.8%	-1.3%
Q3 24	+7.7%	+17.7%
Q4 24	+3.3%	+6.3%
Q1 25	+18.8%	+13.8%
Q2 25	+29.0%	+22.5%
Q3 25	+34.7%	+14.5%
Q4 25	+49.6%	+34.9%
Q1 26	+33.3%	+23.9%
Q2 26	+35.8%	+24.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$1M	0.3%
Q4 23	$1M	0.3%
Q1 24	$2M	0.3%
Q2 24	$2M	0.3%
Q3 24	$2M	0.3%
Q4 24	$2M	0.3%
Q1 25	$2M	0.3%
Q2 25	$2M	0.3%
Q3 25	$2M	0.3%
Q4 25	$2M	0.2%
Q1 26	$2M	0.3%
Q2 26	$2M	0.2%

OpEx Breakdown

Quarter	R&D	SG&A
Q3 23	$38M	$17M
Q4 23	$41M	$19M
Q1 24	$36M	$19M
Q2 24	$37M	$20M
Q3 24	$42M	$20M
Q4 24	$44M	$22M
Q1 25	$38M	$24M
Q2 25	$40M	$28M
Q3 25	$44M	$25M
Q4 25	$47M	$34M
Q1 26	$49M	$27M
Q2 26	$51M	$30M

Revenue Segments

Quarter	Enterprise Technology	Service Provider Technology
Q3 23	$374M	$84M
Q4 23	$404M	$87M
Q1 24	$380M	$83M
Q2 24	$391M	$73M
Q3 24	$414M	$79M
Q4 24	$432M	$76M
Q1 25	$470M	$80M
Q2 25	$518M	$82M
Q3 25	$586M	$78M
Q4 25	$680M	$79M
Q1 26	$657M	$77M
Q2 26	$729M	$86M

Revenue by Geography

Quarter	Asia Pacific	Emea	North America	South America
Q3 23	$27M	$173M	$231M	$27M
Q4 23	$32M	$191M	$238M	$30M
Q1 24	$36M	$172M	$225M	$30M
Q2 24	$33M	$173M	$226M	$33M
Q3 24	$26M	$201M	$243M	$23M
Q4 24	$32M	$194M	$253M	$28M
Q1 25	$41M	$205M	$271M	$33M
Q2 25	$43M	$209M	$322M	$27M
Q3 25	$37M	$282M	$323M	$22M
Q4 25	$47M	$304M	$380M	$28M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$153M	$121K	$153M
Q4 23	$115M	$109K	$115M
Q1 24	$109M	$41K	$109M
Q2 24	$98M	$61K	$98M
Q3 24	$102M	$8K	$102M
Q4 24	$126M	$0	$126M
Q1 25	$165M	$0	$165M
Q2 25	$133M	$0	$133M
Q3 25	$151M	$0	$151M
Q4 25	$150M	$0	$150M
Q1 26	$177M	$0	$177M
Q2 26	$303M	$0	$303M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 23	60M	+0.0%
Q4 23	60M	-0.0%
Q1 24	60M	+0.0%
Q2 24	60M	+0.0%
Q3 24	60M	+0.0%
Q4 24	60M	+0.0%
Q1 25	60M	+0.0%
Q2 25	61M	+0.1%
Q3 25	61M	+0.0%
Q4 25	61M	+0.0%
Q1 26	61M	+0.0%
Q2 26	61M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$2M	312
FY 15	$1M	435
FY 16	$1M	537
FY 17	$1M	725
FY 18	$1M	843
FY 19	$1M	955
FY 20	$1M	1K
FY 21	$2M	1K
FY 22	$1M	1K
FY 23	$1M	2K
FY 24	$1M	2K
FY 25	$2M	2K