Ubiquiti Inc.UI

Ubiquiti Inc. Segments Disclosure

10-KFiled Aug 22, 20252 min read
SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS
We have one reportable segment, which reflects how the chief operating decision maker (“CODM”), Chief Executive Officer, reviews and assesses performance of the business. The CODM assesses the performance of the Company and decides how to allocate resources based on consolidated net income reported in the consolidated statement of operations. The CODM uses consolidated net income in deciding whether to reinvest profits into certain parts of the business or return a portion of such profits to shareholders through dividends and stock repurchases. Significant expense categories regularly provided to and reviewed by the CODM are those presented in the consolidated statement of operations.

Revenue

The Company presents its revenue by product type in two primary categories: Service Provider Technology and Enterprise Technology.

Revenues by product type were as follows (in thousands, except percentages):                            
 Year ended June 30,
 202520242023
Enterprise Technology$2,254,254 88 %$1,617,665 84 %$1,621,426 84 %
Service Provider Technology319,291 12 %310,825 16 %319,086 16 %
Total revenues$2,573,545 100 %$1,928,490 100 %$1,940,512 100 %
Revenues by geography based on customer’s ship-to destinations were as follows (in thousands, except percentages):
Year ended June 30,
 202520242023
North America (1)
$1,295,515 50 %$946,428 49 %$922,230 48 %
Europe, the Middle East and Africa999,384 39 %740,113 38 %759,405 39 %
Asia Pacific168,843 7 %127,901 7 %148,502 8 %
South America109,803 4 %114,048 6 %110,375 5 %
Total revenues$2,573,545 100 %$1,928,490 100 %$1,940,512 100 %
(1) Revenue for the United States was $1,193.3 million, $881.0 million and $855.3 million for fiscal 2025, 2024, and 2023, respectively.
For the periods presented, there were no customers with an accounts receivable balance of 10% or greater or customers with net revenues of 10% or greater of total revenues.

Historical Timeline

Fiscal YearFiled
2025Aug 22, 2025Showing above
2024Aug 23, 2024
2023Aug 25, 2023
2022Aug 26, 2022
2021Aug 27, 2021
2020Aug 21, 2020
2019Aug 21, 2019
2018Aug 24, 2018
2017Aug 25, 2017
2016Aug 22, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&ELeasesDebtCommitmentsStock CompensationNew StandardsPay vs Performance