UI Financials Ubiquiti Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 7.9% per year over the past 5 years.
Net income has grown faster than revenue (13.4% vs 7.9% per year).
Free cash flow has grown 7.9% per year over the past 5 years.

Financial health

Total debt ($500M) exceeds cash ($150M); net debt is $350M.
Total debt has grown slower than revenue (-6.0% vs 7.9% per year).
Total debt is 0.6× EBITDA.

Shareholder returns

Dividends have been paid for 7 consecutive years, consuming 20.4% of earnings and 23.1% of free cash flow.
The dividend has grown 13.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$2.6B	$712M	43.4%	32.5%	$627M	$500M	$150M
2024	$1.9B	$350M	38.4%	25.9%	$530M	$745M	$126M
2023	$1.9B	$408M	39.2%	28.1%	-$166M	$1.1B	$115M
2022	$1.7B	$379M	39.6%	27.3%	$357M	$493M	$136M
2021	$1.9B	$617M	48.1%	39.1%	$594M	$518M	$249M
2020	—	$380M	—	—	$430M	$679M	$143M
2019	—	$323M	—	—	$208M	$528M	$238M
2018	—	$196M	—	—	$323M	$512M	$667M
2017	—	$258M	—	—	$105M	$272M	$604M
2016	—	$214M	—	—	$191M	$214M	$551M
2015	—	$130M	—	—	$122M	$108M	$446M
2014	—	$177M	—	—	$117M	$72M	$347M
2013	—	$80M	—	—	$127M	$81M	$228M
2012	—	$103M	—	—	$78M	$30M	$122M
2011	—	$50M	—	—	$62M	—	$76M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$788M	$234M	47.0%	36.9%	$162M	—	$369M
Dec '25	$815M	$234M	45.9%	35.9%	$260M	$95M	$303M
Sep '25	$734M	$208M	46.0%	35.7%	$193M	$267M	$177M
Jun '25	$759M	$267M	45.1%	34.4%	$125M	$500M	$150M
Mar '25	$664M	$180M	44.5%	34.2%	$121M	$679M	$151M
Dec '24	$600M	$137M	41.2%	29.8%	$150M	$431M	$133M
Sep '24	$550M	$128M	42.1%	30.7%	$231M	$577M	$165M
Jun '24	$507M	$104M	40.2%	27.3%	$230M	$745M	$126M
Mar '24	$493M	$76M	35.3%	22.6%	$161M	$914M	$102M
Dec '23	$465M	$82M	38.2%	26.0%	$75M	$1.0B	$98M
Sep '23	$463M	$88M	39.7%	27.7%	$65M	$1.1B	$109M
Jun '23	$491M	$104M	41.4%	29.3%	$9M	$1.1B	$115M
Mar '23	$458M	$99M	41.2%	29.2%	-$164M	$1.1B	$153M
Dec '22	$494M	$112M	40.0%	29.4%	-$44M	$921M	$160M
Sep '22	$498M	$93M	34.4%	24.5%	$33M	$817M	$137M
Jun '22	$443M	$93M	38.3%	25.4%	$68M	$493M	$136M
Mar '22	$358M	$50M	32.4%	17.5%	$100M	$749M	$144M
Dec '21	$432M	$104M	40.5%	29.1%	$92M	$535M	$212M
Sep '21	$459M	$132M	45.6%	35.2%	$98M	$511M	$266M
Jun '21	—	$154M	—	—	$162M	$518M	$249M

Valuation over time

How the market has priced UI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 43.4× (Mar '23) to 45.9× (Jun '26).
The price-to-sales ratio has risen from 9.7× (Mar '23) to 12.7× (Jun '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.4% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is UI growing its revenue and profit?

Over the past 5 years, Ubiquiti Inc.'s revenue has grown 7.9% per year, and net income grown 13.4% per year. These are computed facts, not advice.

How much debt does UI have?

As of FY2025, Ubiquiti Inc. reported $500M of total debt against $150M of cash.

What is UI's profit margin?

In FY2025, gross margin was 43.4%, operating margin 32.5%, and net margin 27.7%.

What is UI's P/E ratio?

As of Jun '26, Ubiquiti Inc. traded at a price-to-earnings ratio of about 45.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.