Ubiquiti Inc.

Listed Company

UICIK 0001511737NYSELarge AcceleratedRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Jun 30

Period

FY 2025

Revenue

$2.57B

Net Income

$711.92M

Total Assets

$1.47B

Equity

$668.26M

Shares Out

60.52M

Op. Cash Flow

$640.03M

Business

Ubiquiti Inc. designs, manufactures and sells networking equipment and provides related software platforms for distributed Internet access, unified IT management, and consumer electronics. Its main products and services include enterprise UniFi systems (gateways, WiFi, Protect, Switch, Access, Talk), service-provider platforms (airMAX, airFiber, UFiber GPON, Wave), proprietary firmware/software platforms (UISP, UniFi OS), and related support and webstore services. The company operates as a single reportable operating segment and categorizes offerings into high-capacity networking for service providers, enterprise WLAN and switching, and consumer/smart‑home solutions. It sells globally through distributors, online retailers, direct webstores and a community of service providers, resellers and systems integrators, with the majority of sales outside the United States.

Summary from filing dated 2025-08-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	2,574	1,928	1,941	1,692	1,898
Cost of revenues	1,456	1,189	1,180	1,022	986
Gross profit	1,117	740	761	670	912
Research and development	170	160	145	138	116
Sales, general and administrative	111	81	71	70	54
Total operating expenses	281	241	216	208	170
Income from operations	836	499	545	462	743
Interest expense and other, net	31	75	58	18	−15
Income before income taxes	806	424	486	444	728
Provision for income taxes	94	74	79	66	111
Net income	712	350	408	379	617
Basic (in dollars per share)	11.77	5.79	6.75	6.14	9.79
Diluted (in dollars per share)	11.76	5.79	6.74	6.13	9.78
Basic (in shares)	60	60	60	62	63
Diluted (in shares)	61	60	60	62	63

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	150	126	115	136	249
Accounts receivable, net of allowance for doubtful accounts of $11,956 and $498 at June 30, 2025 and 2024 respectively	245	169	168	120	172
Inventories	675	462	737	262	234
Vendor deposits	48	123	125	90	20
Prepaid expenses and other current assets	56	35	22	13	17
Total current assets	1,173	916	1,167	622	694
Property and equipment, net	73	81	87	80	79
Operating lease right-of-use assets, net	45	48	57	64	40
Deferred tax assets	108	36	24	7	5
Other long-term assets	67	74	71	72	72
Total assets	1,466	1,154	1,406	845	891
Accounts payable	165	51	154	84	112
Income taxes payable	41	23	19	14	14
Debt short-term	250	37	37	24	24
Other current liabilities	256	174	142	189	126
Total current liabilities	711	285	352	311	276
Income taxes payable long-term	26	54	75	94	104
Operating lease liabilities long-term	35	37	46	54	32
Debt long-term	0	670	1,041	763	467
Deferred tax liability	334,000	492,000	226,000	0	—
Other long-term liabilities	26	13	8	6	9
Total liabilities	798	1,059	1,522	1,228	888
Commitments and contingencies (Note 9)	—	—	—	—	—
Preferred stock$0.001 par value; 50,000,000 shares authorized; none issued	0	0	0	0	0
Common stock$0.001 par value; 500,000,000 shares authorized: 60,492,105 and 60,462,539 issued and outstanding at June 30, 2025 and 2024, respectively	61,000	60,000	60,000	60,000	63,000
Additional paidin capital	17	11	5	650,000	0
Retained earnings	651	84	−121	−383	3
Total stockholders equity	668	95	−116	−383	3
Total liabilities and stockholders equity	1,466	1,154	1,406	845	891

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	22	19	16	14	12
Amortization of debt issuance costs	2	2	1	1	2
Provision for excess and obsolete inventory	7	24	13	2	−249,000
Provision for loss on vendor deposits	11	20	−4	9	11
Share-based compensation	7	6	5	4	3
Deferred taxes, net	−72	−12	−17	−2	−674,000
Provision for bad debt	11	−574,000	553,000	1	0
Other, net	−685,000	745,000	2	−555,000	509,000
Accounts receivable	−87	−2	−48	53	−30
Inventories	−220	251	−488	−30	53
Vendor deposits	64	−18	−39	−79	−17
Prepaid expenses and other assets	−16	−18	−10	2	−31
Accounts payable	114	−103	70	−29	−43
Income taxes payable	−11	−17	−14	−10	−28
Deferred revenues	30	7	−1	−4	7
Accrued and other liabilities	67	33	−39	59	56
Net cash provided by (used in) operating activities	640	542	−145	370	612
Purchase of property and equipment and other long-term assets	−13	−12	−21	−13	−18
Net cash used in investing activities	−13	−12	−21	−11	−19
Debt issuance costs	0	0	−1	0	−3
Payment of common stock cash dividends	−145	−145	−145	−148	−101
Proceeds from exercise of stock options	0	0	23,000	98,000	125,000
Tax withholdings related to net share settlements of restricted stock units	−778,000	−434,000	−686,000	−1	−998,000
Net cash (used in) provided by financing activities	−604	−518	145	−472	−486
Net increase (decrease) in cash and cash equivalents	23	12	−21	−113	107
Income taxes paid, net of refunds	177	109	110	78	140
Interest paid	31	75	54	12	12
Right-of-use asset recognized	11	4	7	35	24
Unpaid property and equipment and other long-term assets	1	1	1	511,000	233,000

Filings

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