UI Q1 2023 Earnings — Ubiquiti Inc. Revenue & Financial Results | Market Cap Arena

UIUbiquiti Inc.

$47B

Q1 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$498M+8.5% YoY

Gross Profit

$171M34.4% margin

Operating Income

$122M24.5% margin

Net Income

$93M18.7% margin

EPS (Diluted)

$1.54

QoQ Revenue Growth

+12.4%

Cash Flow

Operating Cash Flow

$42M

Free Cash Flow

$33M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$937M

Total Liabilities

$1.3B

Stockholders' Equity

-$325M

Cash & Equivalents

$137M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$498M	$459M	+8.5%
Gross Profit	$171M	$209M	-18.2%
Operating Income	$122M	$162M	-24.5%
Net Income	$93M	$132M	-29.5%

Revenue Segments

Enterprise Technology

$426M86%

Service Provider Technology

$72M14%

Geographic Segments

North America

$226M45%

EMEA

$200M40%

Asia Pacific

$45M9%

South America

$27M5%