Ubiquiti
UI · NYSERadio & Tv Broadcasting & Communications Equipment · Fiscal year ends Jun 30
Ubiquiti reported revenue of $3.3B in the fiscal year ended Jun 2026, up 27.2% from the year before. Operating income was $1.2B, an operating margin of 36.2%, and net income was $960M. Operating cash flow of $929M less capital expenditure of $20M left free cash flow of $909M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $1.9B | $2.6B | $3.3B |
| Cost of revenue | $1B | $1.2B | $1.2B | $1.5B | $1.8B |
| Gross profit | $670M | $761M | $740M | $1.1B | $1.5B |
| Research & development | $138M | $145M | $160M | $170M | $204M |
| Selling, general & admin | $70M | $71M | $81M | $111M | $122M |
| Operating income | $462M | $545M | $499M | $836M | $1.2B |
| Pre-tax income | $444M | $486M | $424M | $806M | $1.2B |
| Income tax | $66M | $79M | $74M | $94M | $223M |
| Net income | $379M | $408M | $350M | $712M | $960M |
| Diluted EPS | 6.13 | 6.74 | 5.79 | 11.76 | 15.85 |
| Diluted shares | 62M | 60M | 60M | 61M | 61M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $136M | $115M | $126M | $150M | $523M |
| Receivables | $120M | $168M | $169M | $245M | $302M |
| Inventory | $262M | $737M | $462M | $675M | $780M |
| Current assets | $622M | $1.2B | $916M | $1.2B | $1.8B |
| Net PP&E | $80M | $87M | $81M | $73M | $76M |
| Total assets | $845M | $1.4B | $1.2B | $1.5B | $2.2B |
| Payables | $84M | $154M | $51M | $165M | $432M |
| Deferred revenue | $21M | $18M | $20M | $36M | $55M |
| Current liabilities | $311M | $352M | $285M | $711M | $627M |
| Short-term debt | $24M | $37M | $37M | $250M | $0 |
| Long-term debt | $763M | $1B | $670M | $0 | – |
| Total liabilities | $1.2B | $1.5B | $1.1B | $798M | $758M |
| Shareholders' equity | −$383M | −$116M | $95M | $668M | $1.4B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $370M | −$145M | $542M | $640M | $929M |
| Capital expenditure | $13M | $21M | $12M | $13M | $20M |
| Free cash flow | $357M | −$166M | $530M | $627M | $909M |
| Depreciation & amortisation | $14M | $16M | $19M | $22M | $19M |
| Stock-based compensation | $4M | $5M | $6M | $7M | $7M |
| Share buybacks | $618M | $0 | $0 | – | – |
| Dividends paid | $148M | $145M | $145M | $145M | $194M |
| Dividend per share | 2.40 | 2.40 | 2.40 | 2.40 | 3.20 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 14.7% | −0.6% | 33.4% | 27.2% |
| Operating income growth (YoY) | – | 17.8% | −8.4% | 67.6% | 41.8% |
| EPS growth (YoY) | – | 10.0% | −14.1% | 103.1% | 34.8% |
| Gross margin | 39.6% | 39.2% | 38.4% | 43.4% | 46.2% |
| Operating margin | 27.3% | 28.1% | 25.9% | 32.5% | 36.2% |
| Net margin | 22.4% | 21.0% | 18.1% | 27.7% | 29.3% |
| Return on equityBlank when equity is negative | – | – | 368.1% | 106.5% | 66.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 86.6% | 51.6% | 57.4% | 110.7% | 75.4% |
| Free cash flow margin | 21.1% | −8.6% | 27.5% | 24.4% | 27.8% |
| Cash conversion (CFO ÷ net income) | 0.98x | −0.36x | 1.55x | 0.90x | 0.97x |
| Receivable days | 26 | 32 | 32 | 35 | 34 |
| Inventory days | 94 | 228 | 142 | 169 | 162 |
| Payable days | 30 | 48 | 16 | 41 | 89 |
| Debt ÷ equity | – | – | 7.43x | 0.37x | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $650M | $963M | $580M | $100M | – |
| Current ratio | 2.00x | 3.32x | 3.22x | 1.65x | 2.93x |
Recent filings
More in Radio & Tv Broadcasting & Communications Equipment
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.