UNIVERSAL ELECTRONICS INC
Business
Universal Electronics Inc. designs, manufactures and supports home entertainment control products, climate control solutions, wireless sensors and smart home devices for global OEMs, video service providers, utilities and retailers. Core offerings include the QuickSet platform, TIDE smart thermostat controllers, RF-capable remotes, microcontrollers and cloud-based software. The company operates globally through direct OEM channels and retail distribution under brands including One For All.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 368 | 395 | 420 | 543 | 602 | |
| Cost of sales | 262 | 281 | 323 | 390 | 429 | |
| Gross profit | 106 | 114 | 98 | 152 | 173 | |
| Research and development expenses | 26 | 30 | 31 | 32 | 31 | |
| Selling, general and administrative expenses | 85 | 92 | 98 | 105 | 119 | |
| Factory restructuring charges (Note 13) | 1 | 4 | 4 | 0 | 0 | |
| Legal judgment (Note 13) | 0 | 4 | 0 | 0 | — | |
| Goodwill impairment (Note 7) | 0 | 0 | 49 | 0 | 0 | |
| Operating loss | −6 | −15 | −85 | 15 | 23 | |
| Interest expense, net | −935,000 | −3 | −4 | −2 | −566,000 | |
| Other income (expense), net | −5 | 60,000 | −3 | −955,000 | −557,000 | |
| Loss before provision for income taxes | −12 | −19 | −92 | 11 | 16 | |
| Provision for income taxes | 7 | 5 | 6 | 11 | 11 | |
| Net loss | −19 | −24 | −98 | 407,000 | 5 | |
| Basic (in dollars per share) | −1.41 | −1.85 | −7.64 | 0.03 | 0.39 | |
| Diluted (in dollars per share) | −1.41 | −1.85 | −7.64 | 0.03 | 0.39 | |
| Basic (in shares) | 13 | 13 | 13 | 13 | 13 | |
| Diluted (in shares) | 13 | 13 | 13 | 13 | 14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 32 | 27 | — | 67 | 61 | |
| Accounts receivable, net | 79 | 114 | 113 | 112 | 129 | |
| Contract assets | 8 | 10 | 4 | 8 | 5 | |
| Inventories | 78 | 79 | 88 | 140 | 134 | |
| Prepaid expenses and other current assets | 7 | 9 | 7 | 7 | 7 | |
| Income tax receivable | 806,000 | 2 | 4 | 4 | 348,000 | |
| Total current assets | 205 | 242 | 259 | 338 | 337 | |
| Total property, plant, and equipment, net | 28 | 34 | 45 | — | — | |
| Intangible assets, net | 22 | 24 | 25 | 24 | 20 | |
| Operating lease right-of-use assets | 10 | 14 | 19 | 22 | 20 | |
| Deferred income taxes | 5 | 6 | 7 | 6 | 8 | |
| Other assets | 4 | 2 | 2 | 2 | 2 | |
| Total assets | 274 | 323 | 356 | 504 | 510 | |
| Accounts payable | 49 | 72 | 57 | 71 | 93 | |
| Lines of credit | 24 | 37 | 55 | 88 | 56 | |
| Accrued compensation | 17 | 21 | 20 | 21 | 24 | |
| Accrued sales discounts, rebates and royalties | 6 | 5 | 6 | 6 | 9 | |
| Accrued income taxes | 3 | 2 | 2 | 6 | 4 | |
| Other accrued liabilities | 20 | 21 | 21 | 24 | 31 | |
| Total current liabilities | 119 | 158 | 161 | 216 | 217 | |
| Operating lease obligations | 6 | 9 | 13 | 15 | 14 | |
| Deferred income taxes | 2 | 2 | 2 | 3 | 2 | |
| Income tax payable | 74,000 | 72,000 | 435,000 | 723,000 | 939,000 | |
| Other long-term liabilities | 729,000 | 723,000 | 817,000 | 810,000 | 13,000 | |
| Total liabilities | 128 | 170 | 177 | 236 | 234 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 50,000,000 shares authorized; 26,146,367 and 25,712,940 shares issued on December 31, 2025 and 2024, respectively | 261,000 | 257,000 | 253,000 | 250,000 | 247,000 | |
| Paid-in capital | 350 | 345 | 337 | 327 | 314 | |
| Treasury stock, at cost, 13,537,944 and 12,666,443 shares on December 31, 2025 and 2024, respectively | −375 | −372 | −370 | — | — | |
| Accumulated other comprehensive income (loss) | −19 | −28 | −21 | −21 | −14 | |
| Retained earnings | 190 | 208 | 232 | 331 | 330 | |
| Total stockholders' equity | 146 | 153 | 179 | 268 | 276 | |
| Total liabilities and stockholders' equity | 274 | 323 | 356 | 504 | 510 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 14 | 18 | 23 | 24 | 27 | |
| Provision for credit losses | 454,000 | 1 | 70,000 | −182,000 | 0 | |
| Gain on sale of property, plant, and equipment | −312,000 | 0 | 0 | — | — | |
| Deferred income taxes | 866,000 | −256,000 | −1 | 1 | −2 | |
| Shares issued for employee benefit plan | 431,000 | 1 | 1 | 1 | 1 | |
| Employee and director stock-based compensation | 5 | 7 | 9 | 10 | 10 | |
| Impairment of long-lived assets | 1 | 333,000 | 8 | 3 | 3 | |
| Accounts receivable and contract assets | 42 | −12 | 5 | 13 | 2 | |
| Inventories | 5 | 6 | 51 | −10 | −15 | |
| Prepaid expenses and other assets | 5 | 764,000 | 3 | −917,000 | −630,000 | |
| Accounts payable and accrued liabilities | −33 | 16 | −21 | −29 | 870,000 | |
| Accrued income taxes | 2 | 1 | −4 | −2 | 3 | |
| Net cash provided by operating activities | 24 | 15 | 25 | 11 | 40 | |
| Purchase of Blue Chip Swap securities (Note 16) | −3 | 0 | 0 | — | — | |
| Sale of Blue Chip Swap securities (Note 16) | 2 | 0 | 0 | — | — | |
| Proceeds on sale of property, plant, and equipment | 344,000 | 0 | 0 | — | — | |
| Acquisitions of property, plant and equipment | −4 | −5 | −8 | −14 | −13 | |
| Acquisitions of intangible assets | −3 | −4 | −6 | −7 | −4 | |
| Net cash used for investing activities | −7 | −8 | −14 | −21 | −17 | |
| Borrowings under lines of credit | 104 | 102 | 78 | 133 | 112 | |
| Repayments on lines of credit | −117 | −120 | −111 | −101 | −76 | |
| Treasury stock purchased | −3 | −2 | −2 | −13 | −60 | |
| Net cash used for financing activities | −17 | −20 | −35 | 21 | −22 | |
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 5 | −3 | −523,000 | −4 | 2 | |
| Net increase (decrease) in cash and cash equivalents | 6 | −16 | −24 | 6 | 4 | |
| Income taxes paid | 3 | 3 | 13 | 11 | 10 | |
| Interest paid | 2 | 5 | 7 | 2 | 620,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UNIVERSAL ELECTRONICS INC's CIK number?
UNIVERSAL ELECTRONICS INC's SEC CIK number is 0000101984 (101984). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UNIVERSAL ELECTRONICS INC's SEC filings?
All of UNIVERSAL ELECTRONICS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UNIVERSAL ELECTRONICS INC last report earnings?
UNIVERSAL ELECTRONICS INC (UEIC) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000101984-26-000057). This is UNIVERSAL ELECTRONICS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is UNIVERSAL ELECTRONICS INC's most recent earnings 8-K?
UNIVERSAL ELECTRONICS INC's latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0000101984-26-000057. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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