UI Q1 2024 Earnings — Ubiquiti Inc. Revenue & Financial Results | Market Cap Arena

UIUbiquiti Inc.

$47B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$463M-7.0% YoY

Gross Profit

$184M39.7% margin

Operating Income

$128M27.7% margin

Net Income

$88M18.9% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$68M

Free Cash Flow

$65M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.5B

Stockholders' Equity

-$63M

Cash & Equivalents

$109M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$463M	$498M	-7.0%
Gross Profit	$184M	$171M	+7.3%
Operating Income	$128M	$122M	+5.2%
Net Income	$88M	$93M	-5.8%

Revenue Segments

Enterprise Technology

$380M82%

Service Provider Technology

$83M18%

Geographic Segments

North America

$225M49%

EMEA

$172M37%

Asia Pacific

$36M8%

South America

$30M6%