Cash flow Ubiquiti Inc.

Equities

UI

US90353W1036

Communications & Networking

Market Closed - Nyse Other stock markets 21:00:02 13/02/2026 GMT			5-day change	1st Jan Change
720.06 ^USD	+1.98%		+15.70%	+30.13%

02-06	Sector Update: Tech Stocks Rise Pre-Bell Friday	MT
02-06	Ubiquiti Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2025	CI

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Published financial data: UBIQUITI INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	1.9B	1.69B	1.94B	1.93B	2.57B
Total Revenues	1.9B	1.69B	1.94B	1.93B	2.57B
Cost of Goods Sold, Total	986M	1.02B	1.18B	1.19B	1.46B
Gross Profit	912M	670M	761M	740M	1.12B
Selling General & Admin Expenses, Total	53.51M	69.86M	70.99M	81M	111M
R&D Expenses	116M	138M	145M	160M	170M
Other Operating Expenses, Total	170M	208M	216M	241M	281M
Operating Income	743M	462M	545M	499M	836M
Interest Expense, Total	-14.94M	-17.82M	-58.22M	-75.17M	-30.63M
Net Interest Expenses	-14.94M	-17.82M	-58.22M	-75.17M	-30.63M
EBT, Excl. Unusual Items	728M	444M	486M	424M	806M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	728M	444M	486M	424M	806M
Income Tax Expense	111M	65.79M	78.7M	73.87M	93.73M
Earnings From Continuing Operations	617M	379M	408M	350M	712M
Net Income to Company	617M	379M	408M	350M	712M
Net Income - (IS)	617M	379M	408M	350M	712M
Net Income to Common Incl Extra Items	617M	379M	408M	350M	712M
Net Income to Common Excl. Extra Items	617M	379M	408M	350M	712M
Per Share Items
Net EPS - Basic	9.79	6.14	6.75	5.79	11.77
Basic EPS - Continuing Operations	9.79	6.14	6.75	5.79	11.77
Basic Weighted Average Shares Outstanding	62.99M	61.69M	60.44M	60.45M	60.48M
Net EPS - Diluted	9.78	6.13	6.74	5.79	11.76
Diluted EPS - Continuing Operations	9.78	6.13	6.74	5.79	11.76
Diluted Weighted Average Shares Outstanding	63.05M	61.72M	60.45M	60.46M	60.53M
Normalized Basic EPS	7.22	4.5	5.03	4.38	8.33
Normalized Diluted EPS	7.21	4.5	5.03	4.38	8.32
Dividend Per Share	1.6	2.4	2.4	2.4	2.6
Payout Ratio	16.35	39.1	35.58	41.46	20.39
Supplemental Items
EBITDA	755M	476M	561M	518M	858M
EBITA	743M	462M	545M	499M	838M
EBIT	743M	462M	545M	499M	836M
EBITDAR	766M	491M	577M	535M	876M
Effective Tax Rate - (Ratio)	15.26	14.8	16.18	17.43	11.63
Current Domestic Taxes	108M	62.07M	88.22M	75.89M	153M
Current Foreign Taxes	3.72M	5.56M	7.34M	9.95M	12.51M
Total Current Taxes	112M	67.63M	95.56M	85.84M	166M
Deferred Domestic Taxes	-674K	-1.84M	-17.08M	-7.74M	-70.61M
Deferred Foreign Taxes	-	-	226K	-4.23M	-1.58M
Total Deferred Taxes	-674K	-1.84M	-16.86M	-11.97M	-72.19M
Normalized Net Income	455M	278M	304M	265M	504M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	116M	138M	145M	160M	170M
Net Rental Expense, Total	11.12M	15.52M	16.33M	17.17M	17.99M
Imputed Operating Lease Interest Expense	2.2M	3.19M	7.64M	10.89M	8.36M
Imputed Operating Lease Depreciation	8.93M	12.32M	8.69M	6.28M	9.63M
Stock-Based Comp., COGS (Total)	102K	74K	73K	159K	238K
Stock-Based Comp., R&D Exp. (Total)	2.11M	2.54M	3.54M	4.83M	5.24M
Stock-Based Comp., SG&A Exp. (Total)	813K	901K	1.12M	1.37M	1.73M
Total Stock-Based Compensation	3.03M	3.52M	4.73M	6.36M	7.21M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	249M	136M	115M	126M	150M
Short Term Investments	1.32M	427K	109K	-	-
Total Cash And Short Term Investments	251M	137M	115M	126M	150M
Accounts Receivable, Total	172M	120M	168M	169M	245M
Total Receivables	172M	120M	168M	169M	245M
Inventory	234M	262M	737M	462M	675M
Prepaid Expenses	17.3M	13.19M	21.97M	35.03M	55.57M
Other Current Assets, Total	20.06M	89.66M	125M	123M	48.21M
Total Current Assets	694M	622M	1.17B	916M	1.17B
Gross Property Plant And Equipment	171M	208M	211M	207M	204M
Accumulated Depreciation	-51.92M	-63.82M	-66.88M	-78.57M	-86.33M
Net Property Plant And Equipment	119M	144M	144M	129M	118M
Long-term Investments	1.04M	-	-	-	-
Other Intangibles, Total	8.68M	7.23M	5.7M	4.16M	2.63M
Deferred Tax Assets Long-Term	4.78M	6.62M	23.7M	35.93M	108M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	63.26M	64.83M	65.63M	69.41M	64.48M
Total Assets	891M	845M	1.41B	1.15B	1.47B
Liabilities
Accounts Payable, Total	112M	83.66M	154M	51.1M	165M
Accrued Expenses, Total	26.98M	48.47M	30.76M	35.05M	45.18M
Current Portion of Long-Term Debt	23.86M	23.86M	36.51M	36.51M	250M
Current Portion of Leases	9.15M	12.74M	14.33M	13.72M	12.4M
Current Income Taxes Payable	14.5M	14.06M	19.31M	23.48M	40.73M
Unearned Revenue Current, Total	24.31M	21.82M	19.12M	21.62M	38.78M
Other Current Liabilities	65.55M	106M	77.63M	103M	159M
Total Current Liabilities	276M	311M	352M	285M	711M
Long-Term Debt	467M	763M	1.04B	670M	-
Long-Term Leases	32.26M	54.02M	46.05M	37.18M	35.46M
Unearned Revenue Non Current	8.56M	5.82M	7.77M	13.42M	26.02M
Deferred Tax Liability Non Current	-	-	226K	492K	334K
Other Non Current Liabilities	104M	94.17M	74.88M	53.6M	25.53M
Total Liabilities	888M	1.23B	1.52B	1.06B	798M
Common Stock, Total	63K	60K	60K	60K	61K
Additional Paid In Capital	-	650K	4.72M	10.64M	17.08M
Retained Earnings	2.64M	-383M	-121M	84.36M	651M
Comprehensive Income and Other	1K	-474K	-	-	-
Total Common Equity	2.7M	-383M	-116M	95.06M	668M
Total Equity	2.7M	-383M	-116M	95.06M	668M
Total Liabilities And Equity	891M	845M	1.41B	1.15B	1.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.5M	60.43M	60.45M	60.47M	60.5M
ECS Total Common Shares Outstanding	62.58M	60.42M	60.44M	60.46M	60.49M
Book Value / Share	0.04	-6.34	-1.91	1.57	11.05
Tangible Book Value	-5.98M	-390M	-121M	90.9M	666M
Tangible Book Value Per Share	-0.1	-6.46	-2.01	1.5	11
Total Debt	532M	853M	1.14B	757M	297M
Net Debt	282M	717M	1.02B	631M	148M
Debt Equivalent Oper. Leases	88.99M	124M	131M	137M	144M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	5.25M	9.18M	93.62M	74.58M	47.13M
Inventories - Finished Goods, Total	229M	253M	643M	387M	628M
Machinery, Total	108M	115M	119M	124M	123M
Full Time Employees	1.22K	1.38K	1.54K	1.52K	1.67K
Accumulated Allowance for Doubtful Accounts (Supple)	47K	52K	92K	498K	11.96M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	617M	379M	408M	350M	712M
Depreciation & Amortization - CF	12.1M	13.69M	16.29M	19.25M	20.3M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	1.6M
Depreciation & Amortization, Total	12.1M	13.69M	16.29M	19.25M	21.9M
Amortization of Deferred Charges, Total - (CF)	2.06M	1.32M	1.4M	1.72M	2.02M
(Gain) Loss on Sale of Investments - (CF)	16K	88K	792K	109K	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	3.03M	3.52M	4.73M	6.36M	7.21M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	11.46M
Other Operating Activities, Total	10.55M	11.07M	-6.1M	32.02M	-55.13M
Change In Accounts Receivable	-30.14M	52.66M	-48.2M	-1.76M	-86.93M
Change In Inventories	52.89M	-29.56M	-488M	251M	-220M
Change In Accounts Payable	-43.34M	-28.69M	69.73M	-103M	114M
Change in Unearned Revenues	7.46M	-3.59M	-1.32M	6.6M	30.12M
Change In Income Taxes	-27.79M	-10.29M	-14.04M	-17.12M	-10.81M
Change in Other Net Operating Assets	8.6M	-18.6M	-88.44M	-3.2M	115M
Cash from Operations	612M	370M	-145M	542M	640M
Capital Expenditure	-18.32M	-13.47M	-20.93M	-11.98M	-12.59M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-941K	2.29M	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-19.27M	-11.18M	-20.93M	-11.98M	-12.59M
Long-Term Debt Issued, Total	112M	345M	665M	-	30M
Total Debt Issued	112M	345M	665M	-	30M
Long-Term Debt Repaid, Total	-274M	-50M	-373M	-372M	-488M
Total Debt Repaid	-274M	-50M	-373M	-372M	-488M
Issuance of Common Stock	125K	98K	23K	-	-
Repurchase of Common Stock	-221M	-619M	-686K	-434K	-778K
Common Dividends Paid	-101M	-148M	-145M	-145M	-145M
Common & Preferred Stock Dividends Paid	-101M	-148M	-145M	-145M	-145M
Other Financing Activities, Total	-3.26M	-	-1.2M	-	-
Cash from Financing	-486M	-472M	145M	-518M	-604M
Net Change in Cash	107M	-113M	-21.4M	11.52M	23.38M
Supplemental Items
Cash Interest Paid	11.81M	11.56M	53.87M	75.09M	31.05M
Cash Income Tax Paid (Refund)	140M	78.18M	110M	109M	177M
Levered Free Cash Flow	464M	272M	-235M	476M	503M
Unlevered Free Cash Flow	471M	282M	-200M	522M	520M
Change In Net Working Capital	-9.91M	10.56M	541M	-196M	19.49M
Net Debt Issued / Repaid	-161M	295M	292M	-372M	-458M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	57	33.29	30.24	24.36	39.89
Return on Total Capital	101.16	57.47	45.6	33.27	57.5
Return On Equity %	-421.22	-199.2	-163.51	-3.39K	186.53
Return on Common Equity	-421.22	-199.2	-163.51	-3.39K	186.53
Margin Analysis
Gross Profit Margin %	48.06	39.59	39.2	38.36	43.42
SG&A Margin	2.82	4.13	3.66	4.2	4.33
EBITDA Margin %	39.76	28.13	28.9	26.87	33.35
EBITA Margin %	39.12	27.33	28.06	25.88	32.56
EBIT Margin %	39.12	27.33	28.06	25.88	32.5
Income From Continuing Operations Margin %	32.48	22.38	21.01	18.15	27.66
Net Income Margin %	32.48	22.38	21.01	18.15	27.66
Net Avail. For Common Margin %	32.48	22.38	21.01	18.15	27.66
Normalized Net Income Margin	23.96	16.42	15.66	13.74	19.57
Levered Free Cash Flow Margin	24.42	16.09	-12.11	24.7	19.53
Unlevered Free Cash Flow Margin	24.81	16.68	-10.31	27.04	20.19
Asset Turnover
Asset Turnover	2.33	1.95	1.72	1.51	1.96
Fixed Assets Turnover	17.1	12.84	13.44	14.12	20.83
Receivables Turnover (Average Receivables)	12.07	11.59	13.5	11.45	12.44
Inventory Turnover (Average Inventory)	3.79	4.12	2.36	1.98	2.56
Short Term Liquidity
Current Ratio	2.51	2	3.32	3.22	1.65
Quick Ratio	1.53	0.82	0.8	1.04	0.55
Operating Cash Flow to Current Liabilities	2.21	1.19	-0.41	1.9	0.9
Days Sales Outstanding (Average Receivables)	30.23	31.49	27.03	31.97	29.34
Days Outstanding Inventory (Average Inventory)	96.21	88.62	154.62	184.6	142.52
Average Days Payable Outstanding	52.31	34	26.23	41.11	23.6
Cash Conversion Cycle (Average Days)	74.13	86.11	155.42	175.47	148.26
Long Term Solvency
Total Debt/Equity	19.72K	-222.85	-983.53	796.64	44.51
Total Debt / Total Capital	99.5	181.4	111.32	88.85	30.8
LT Debt/Equity	18.5K	-213.29	-939.6	743.8	5.31
Long-Term Debt / Total Capital	93.32	173.61	106.35	82.95	3.67
Total Liabilities / Total Assets	99.7	145.33	108.23	91.77	54.43
EBIT / Interest Expense	49.71	25.95	9.35	6.64	27.3
EBITDA / Interest Expense	51.27	27.59	9.91	7.12	28.61
(EBITDA - Capex) / Interest Expense	50.04	26.83	9.55	6.96	28.2
Total Debt / EBITDA	0.7	1.74	1.97	1.41	0.34
Net Debt / EBITDA	0.37	1.46	1.77	1.18	0.17
Total Debt / (EBITDA - Capex)	0.71	1.79	2.05	1.45	0.34
Net Debt / (EBITDA - Capex)	0.38	1.5	1.84	1.21	0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	47.77	-10.87	14.71	-0.62	33.45
Gross Profit, 1 Yr. Growth %	50.35	-26.58	13.57	-2.76	51.06
EBITDA, 1 Yr. Growth %	55.32	-36.93	17.84	-7.6	65.59
EBITA, 1 Yr. Growth %	55.29	-37.75	17.8	-8.37	67.38
EBIT, 1 Yr. Growth %	55.29	-37.75	17.8	-8.37	67.59
Earnings From Cont. Operations, 1 Yr. Growth %	62.13	-38.59	7.65	-14.15	103.43
Net Income, 1 Yr. Growth %	62.13	-38.59	7.65	-14.15	103.43
Normalized Net Income, 1 Yr. Growth %	61.63	-38.92	9.43	-12.85	90.09
Diluted EPS Before Extra, 1 Yr. Growth %	68.62	-37.32	9.95	-14.11	103.15
Accounts Receivable, 1 Yr. Growth %	21.19	-30.57	40.26	0.81	44.62
Inventory, 1 Yr. Growth %	-18.25	12.27	180.87	-37.32	46.11
Net Property, Plant and Equip., 1 Yr. Growth %	15.64	21.32	-0.09	-10.7	-8.34
Total Assets, 1 Yr. Growth %	20.82	-5.19	66.49	-17.92	27.03
Tangible Book Value, 1 Yr. Growth %	-98	6.42K	-68.87	-174.86	632.3
Common Equity, 1 Yr. Growth %	-100.91	-14.29K	-69.77	-182.14	602.99
Cash From Operations, 1 Yr. Growth %	32.97	-39.5	-139.28	-472.36	18.19
Capital Expenditures, 1 Yr. Growth %	-40.15	-26.5	55.44	-42.8	5.1
Levered Free Cash Flow, 1 Yr. Growth %	32.22	-41.26	-186.34	-302.59	5.53
Unlevered Free Cash Flow, 1 Yr. Growth %	28.58	-40.09	-170.94	-360.63	-0.35
Dividend Per Share, 1 Yr. Growth %	33.33	50	0	0	8.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.82	14.76	1.11	6.77	15.16
Gross Profit, 2 Yr. CAGR %	30.47	4.95	-8.68	5.09	21.2
EBITDA, 2 Yr. CAGR %	34.07	-1.03	-13.79	4.35	23.7
EBITA, 2 Yr. CAGR %	34.21	-1.68	-14.37	3.9	23.86
EBIT, 2 Yr. CAGR %	34.21	-1.68	-14.37	3.9	23.92
Earnings From Cont. Operations, 2 Yr. CAGR %	38.23	-0.22	-18.69	-3.86	32.15
Net Income, 2 Yr. CAGR %	38.23	-0.22	-18.69	-3.86	32.15
Normalized Net Income, 2 Yr. CAGR %	34.96	-0.64	-18.25	-2.35	28.71
Diluted EPS Before Extra, 2 Yr. CAGR %	47.26	2.81	-16.98	-2.82	32.09
Accounts Receivable, 2 Yr. CAGR %	5.08	-8.27	-1.32	18.91	20.74
Inventory, 2 Yr. CAGR %	-5.95	-4.2	77.57	32.68	-4.3
Net Property, Plant and Equip., 2 Yr. CAGR %	195.7	18.45	10.1	-5.54	-9.52
Total Assets, 2 Yr. CAGR %	0.86	7.03	25.64	16.9	2.11
Tangible Book Value, 2 Yr. CAGR %	-75.03	14.31	350.43	-51.73	134.13
Common Equity, 2 Yr. CAGR %	-83.51	13.84	554.83	-50.17	140.29
Cash From Operations, 2 Yr. CAGR %	53.64	-10.31	-51.25	20.94	109.79
Capital Expenditures, 2 Yr. CAGR %	-40.46	-33.68	6.88	-5.71	-22.46
Levered Free Cash Flow, 2 Yr. CAGR %	71.04	-11.88	-28.79	32.26	46.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	68.75	-12.23	-34.81	35.97	61.16
Dividend Per Share, 2 Yr. CAGR %	26.49	41.42	22.47	0	4.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	23.13	13.35	14.74	0.53	15.01
Gross Profit, 3 Yr. CAGR %	27.32	7.72	7.75	-6.75	18.6
EBITDA, 3 Yr. CAGR %	31.3	4.27	4.9	-11.78	21.71
EBITA, 3 Yr. CAGR %	31.56	3.89	4.43	-12.41	21.93
EBIT, 3 Yr. CAGR %	31.56	3.89	4.43	-12.41	21.85
Earnings From Cont. Operations, 3 Yr. CAGR %	46.45	5.48	2.34	-17.2	23.42
Net Income, 3 Yr. CAGR %	46.45	5.48	2.34	-17.2	23.42
Normalized Net Income, 3 Yr. CAGR %	32.31	3.62	2.61	-16.49	21.93
Diluted EPS Before Extra, 3 Yr. CAGR %	57.36	10.77	5.13	-16.04	24.26
Accounts Receivable, 3 Yr. CAGR %	-0.43	-8.48	5.68	-0.61	26.93
Inventory, 3 Yr. CAGR %	31.75	-0.23	37.12	25.5	37.02
Net Property, Plant and Equip., 3 Yr. CAGR %	102.55	119.73	11.91	2.68	-6.48
Total Assets, 3 Yr. CAGR %	-4.49	-1.2	24.01	9.02	20.19
Tangible Book Value, 3 Yr. CAGR %	-73.32	59.57	-25.91	147.64	19.5
Common Equity, 3 Yr. CAGR %	-79.55	56.82	-26.83	227.79	20.4
Cash From Operations, 3 Yr. CAGR %	22.61	12.61	-31.89	-4	20.01
Capital Expenditures, 3 Yr. CAGR %	26.21	-36.13	-11.9	-13.22	-2.23
Levered Free Cash Flow, 3 Yr. CAGR %	28.75	19.78	-12.47	0.91	22.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.2	19.49	-18.24	3.47	22.59
Dividend Per Share, 3 Yr. CAGR %	-	33.89	25.99	14.47	2.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.29	14.35	13.8	10.67	14.91
Gross Profit, 5 Yr. CAGR %	23.04	11.22	11.47	6.66	12.94
EBITDA, 5 Yr. CAGR %	25.51	9.9	10.96	4.3	12.05
EBITA, 5 Yr. CAGR %	25.74	9.79	10.8	3.89	11.87
EBIT, 5 Yr. CAGR %	25.74	9.79	10.8	3.89	11.83
Earnings From Cont. Operations, 5 Yr. CAGR %	23.62	8.02	15.74	1.64	13.36
Net Income, 5 Yr. CAGR %	23.62	8.02	15.74	1.64	13.36
Normalized Net Income, 5 Yr. CAGR %	25.45	9.29	9.13	1.19	12.34
Diluted EPS Before Extra, 5 Yr. CAGR %	31.47	14.68	21.84	5.12	15.18
Accounts Receivable, 5 Yr. CAGR %	15.79	-3.17	-0.78	1.63	11.47
Inventory, 5 Yr. CAGR %	32.56	13.06	48.46	11.82	18.75
Net Property, Plant and Equip., 5 Yr. CAGR %	55.84	62.08	58.72	56.76	2.79
Total Assets, 5 Yr. CAGR %	3.59	-2.78	6.58	5.68	14.74
Tangible Book Value, 5 Yr. CAGR %	-57.66	-8.29	-17.37	-1.09	17.4
Common Equity, 5 Yr. CAGR %	-63.9	-8.65	-18.19	-0.86	17.73
Cash From Operations, 5 Yr. CAGR %	25.38	27.01	-15.22	15.87	6.82
Capital Expenditures, 5 Yr. CAGR %	24.01	13.24	18.09	-25.36	-16.29
Levered Free Cash Flow, 5 Yr. CAGR %	29.51	80.16	1.6	24.62	7.47
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.7	75.28	-2.18	25.83	7.25
Dividend Per Share, 5 Yr. CAGR %	-	-	-	19.14	16.72