UI Financials Ubiquiti Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 23, 2026, 10:11 UTC Overview →

Growth & profitability

Revenue has grown 11.5% per year over the past 5 years.
Net income has grown slower than revenue (9.3% vs 11.5% per year).
Operating margin has contracted, at 36.2% in the latest year.
Free cash flow has grown 8.9% per year over the past 5 years.

Financial health

Total debt has grown slower than revenue (-6.0% vs 11.5% per year).

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 20.2% of earnings and 21.3% of free cash flow.
The dividend has grown 13.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2026	$3.3B	$960M	46.2%	36.2%	66.7%	43.7%	$909M	—	$523M
2025	$2.6B	$712M	43.4%	32.5%	106.5%	48.5%	$627M	$500M	$150M
2024	$1.9B	$350M	38.4%	25.9%	368.1%	30.3%	$530M	$745M	$126M
2023	$1.9B	$408M	39.2%	28.1%	-352.2%	29.0%	-$166M	$1.1B	$115M
2022	$1.7B	$379M	39.6%	27.3%	-98.9%	44.8%	$357M	$493M	$136M
2021	$1.9B	$617M	48.1%	39.1%	22844.9%	69.2%	$594M	$518M	$249M
2020	—	$380M	—	—	-128.7%	51.6%	$430M	$679M	$143M
2019	—	$323M	—	—	325.0%	36.8%	$208M	$528M	$238M
2018	—	$196M	—	—	62.2%	19.2%	$323M	$512M	$667M
2017	—	$258M	—	—	42.8%	26.5%	$105M	$272M	$604M
2016	—	$214M	—	—	48.5%	28.6%	$191M	$214M	$551M
2015	—	$130M	—	—	30.7%	21.6%	$122M	$108M	$446M
2014	—	$177M	—	—	52.8%	37.2%	$117M	$72M	$347M
2013	—	$80M	—	—	54.6%	27.5%	$127M	$81M	$228M
2012	—	$103M	—	—	78.3%	48.0%	$78M	$30M	$122M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$937M	$285M	45.8%	36.3%	19.8%	13.0%	$293M	—	$523M
Mar '26	$788M	$234M	47.0%	36.9%	19.5%	13.6%	$162M	—	$369M
Dec '25	$815M	$234M	45.9%	35.9%	23.0%	14.5%	$260M	$95M	$303M
Sep '25	$734M	$208M	46.0%	35.7%	25.1%	13.9%	$193M	$267M	$177M
Jun '25	$759M	$267M	45.1%	34.4%	39.9%	18.2%	$125M	$500M	$150M
Mar '25	$664M	$180M	44.5%	34.2%	41.4%	13.9%	$121M	$679M	$151M
Dec '24	$600M	$137M	41.2%	29.8%	47.1%	11.6%	$150M	$431M	$133M
Sep '24	$550M	$128M	42.1%	30.7%	68.0%	11.1%	$231M	$577M	$165M
Jun '24	$507M	$104M	40.2%	27.3%	109.2%	9.0%	$230M	$745M	$126M
Mar '24	$493M	$76M	35.3%	22.6%	294.9%	6.2%	$161M	$914M	$102M
Dec '23	$465M	$82M	38.2%	26.0%	-522.3%	6.2%	$75M	$1.0B	$98M
Sep '23	$463M	$88M	39.7%	27.7%	-139.1%	6.3%	$65M	$1.1B	$109M
Jun '23	$491M	$104M	41.4%	29.3%	-89.6%	7.4%	$9M	$1.1B	$115M
Mar '23	$458M	$99M	41.2%	29.2%	-53.4%	7.2%	-$164M	$1.1B	$153M
Dec '22	$494M	$112M	40.0%	29.4%	-45.3%	8.8%	-$44M	$921M	$160M
Sep '22	$498M	$93M	34.4%	24.5%	-28.6%	9.9%	$33M	$817M	$137M
Jun '22	$443M	$93M	38.3%	25.4%	-24.2%	11.0%	$68M	$493M	$136M
Mar '22	$358M	$50M	32.4%	17.5%	-15.0%	6.6%	$100M	$749M	$144M
Dec '21	$432M	$104M	40.5%	29.1%	-2475.5%	11.6%	$92M	$535M	$212M
Sep '21	$459M	$132M	45.6%	35.2%	228.0%	13.2%	$98M	$511M	$266M

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 fallen from 43.4× (Mar '23) to 34.0× (Nov '26).
The price-to-sales ratio has risen from 9.7× (Mar '23) to 10.0× (Nov '26).
The dividend yield has fallen from 0.9% (Mar '23) to 0.6% (Nov '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 11.5% per year, and net income grown 9.3% per year. These are computed facts, not advice.

How much debt does UI have?

As of FY2026, Ubiquiti Inc. reported — of total debt against $523M of cash.

What is UI's profit margin?

In FY2026, gross margin was 46.2%, operating margin 36.2%, and net margin 29.3%.

What is UI's P/E ratio?

Ubiquiti Inc.'s P/E (TTM) is 33.95 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the UI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 34.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.