Skip to content
AnalystLens

UbiquitiUI

Legal name
Ubiquiti Inc.
Sector
Technology
Industry
Radio & Tv Broadcasting & Communications Equipment
Exchange
NYSE

Stock Price $UI

Latest filings

You are here#61 of 88 in Technology by market cap

Filing record · 2016–202610-K1110-Q328-K77

UI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 77 current reports (8-K) between 2016 and 2026.

  1. Auditor change8-K · Dec ’16Dec ’16
  2. Leadership change8-K · Oct ’18Oct ’18
  3. Leadership change8-K · Aug ’21Aug ’21
  4. FY2025 annual report10-K · Aug ’25Aug ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $3.27B
YoY changeLargest recent move+47.8%in FY21Latest +27.2%

2 older moves run past ±50% (largest +78.7%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All UI Financial Metrics60 metrics

Income Statement15

Balance Sheet26

Cash Flow14

Per Share5

02—Overview

Ubiquiti Financial Overview 2022–2026

Updated Nov 4, 2026

Ubiquiti's net income reached $960.3 milliona in FY2026, roughly 2.5 times the $378.7 million it earned in FY2022. The central claim is simple: a richer Enterprise mix lifted margins, and that cash flow wiped out the debt that once defined the story.

Revenue grew from $1.69 billion in FY2022 to $3.27 billionb in FY2026. Gross margin moved from 39.6% to 46% over the same span. Enterprise Technology now makes up 91% of sales at $2.97 billion, while Service Provider Technology slipped to $301.9 million. The balance sheet flipped as well. Total debt peaked near $1.08 billion in FY2023, when inventory ballooned by $487.9 million and operating cash flow turned negative at $145.4 million. By FY2026, operating cash flow hit $928.7 million, the $250.0 million term loan was repaid, and cash and short-term investments stood at $611.2 million. Dividends rose from $0.60 to $0.80 per quarter, and a $1.00 quarterly payout was declared for FY2027.

The market paid up for this. At the close of FY2025, shares traded at $411.65c, or 35.0x earnings, for a $24.9 billion market cap. At the close of FY2026, the price was $534.03, or 33.7x, for $32.3 billion. Earnings growth, not multiple expansion, drove that gain. The risk is an ITC case from AX Wireless that could bar certain products from the U.S. market, and management has not estimated a loss.

Recent Developments (Q3 and Q4 2026)

Revenue accelerated into year-end. Q4 2026 revenue hit $937.3 milliond, up 18.9% from Q3 2026 and 23.5% from the prior-year quarter. Q3 2026 revenue was $788.2 million, up 18.7% year over year. Gross margin peaked at 47.0% in Q3 2026, then slipped to 45.8% in Q4 2026 on higher component and shipping costs. Q4 2026 diluted EPS was $4.70, versus $4.41 a year earlier. Service Provider Technology fell to $69.0 million in Q4 2026 from $79.0 million. The Board also extended the $500 million buyback to September 30, 2027, though no shares were repurchased in fiscal 2026.

Bull case: Enterprise Technology reached $868.3 millione in Q4 2026, and the company holds no drawn debt. Bear case: margins fell 1.2 points quarter over quarter, and a new Velocity Communication patent suit adds legal exposure. At 35.3x earnings as of August 20, 2026, the stock is priced for continued growth. That multiple reflects the report date, not today.

What to watch: gross margin recovery toward 47%; the Velocity Communication suit and any AX Wireless ruling

03—Filings

Recent SEC Filings

  1. 8-KUbiquiti 8-K Report, Financial Results (Aug 21, 2026)Ubiquiti Inc. (NYSE: UI) reported fourth-quarter fiscal 2026 results for the quarter ended June 30, 2026, with revenues of $937.3 million, a record according to the press release headline. Revenues rose 18.9% from the prior quarter and 23.5% from the comparable prior-year quarter, driven by Enterprise Technology ($868.3 million, versus $680.1 million a year earlier). Service Provider Technology revenue declined to $69.0 million from $79.0 million. Fourth-quarter GAAP gross margin was 45.8%, down from 47.0% in the prior quarter but up from 45.1% a year earlier. GAAP diluted EPS was $4.70 and non-GAAP diluted EPS was $4.73. For full fiscal 2026, revenues were $3.3 billion (up 27.2%), GAAP diluted EPS was $15.85, and non-GAAP diluted EPS was $15.95. The company stated that management expects component costs may continue to rise and availability may remain constrained, which could pressure gross margins in the near term. The prior-year fourth-quarter GAAP results included an $8.5 million income tax benefit, and the release notes that the comparable prior-year GAAP figures benefited from a $53.7 million deferred tax asset from an intercompany intangibles transfer, which is excluded from non-GAAP results. Capital return items were also disclosed. The Board declared a $1.00 per share cash dividend payable September 8, 2026, to holders of record on August 31, 2026, and the company intends to pay quarterly dividends of at least $1.00 per share in each quarter of fiscal 2027, subject to Board determination. Separately, the Board extended the expiration of its $500 million stock repurchase program from September 30, 2026 to September 30, 2027.
  2. 8-KUbiquiti 8-K Report, Financial Results (May 8, 2026)Ubiquiti Inc. reported results for its fiscal third quarter ended March 31, 2026, with revenues of $788.2 million, up 18.7% year over year but down 3.3% from the prior quarter. Enterprise Technology drove the annual growth, with revenue of $717.9 million versus $585.7 million a year earlier, while Service Provider Technology revenue fell to $70.3 million from $78.4 million. North America was the largest region at $410.2 million, up from $322.7 million. Profitability improved over both comparison periods. GAAP gross margin was 47.0%, compared with 45.9% in the prior quarter and 44.5% in the year-earlier quarter, and the filing attributes the year-over-year gain mainly to favorable product mix, lower excess and obsolete inventory charges, and lower shipping and other indirect costs, partly offset by higher tariff costs. Income from operations was $290.8 million. GAAP net income was $233.9 million and GAAP diluted EPS was $3.86, up 29.6% and 29.5% respectively from the prior year. Non-GAAP diluted EPS was $3.88. The Board declared a $0.80 per share cash dividend payable May 26, 2026 to holders of record on May 18, 2026. The filing also states that the company repaid all of its outstanding debt as of March 2026, which reduced interest expense and other, net to $0.7 million for the quarter. Nine-month revenue was $2.34 billion and nine-month GAAP diluted EPS was $11.15.
  3. 8-KUbiquiti 8-K Report, Financial Results (Feb 6, 2026)Ubiquiti Inc. (NYSE: UI) reported results for the fiscal second quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1 to this Form 8-K dated February 6, 2026. Revenues were $814.9 million, up from $599.9 million in the comparable prior-year quarter and from $733.8 million in the prior quarter. Enterprise Technology revenue was $729.0 million and Service Provider Technology revenue was $85.9 million. Gross profit was $374.0 million, a GAAP gross margin of 45.9%. Income from operations was $292.9 million, and GAAP net income was $233.6 million, or $3.86 per diluted share, compared with $3.43 per diluted share in the prior quarter. Non-GAAP diluted EPS was $3.88. Operating expenses were $81.1 million, including R&D of $50.8 million and SG&A of $30.3 million. Management attributed the gross margin change versus the prior year mainly to favorable product mix, lower shipping costs, and lower excess and obsolete inventory charges, partly offset by higher tariff costs. Interest expense and other, net fell to $1.6 million from $11.4 million a year earlier, reflecting lower borrowings and interest rates. The Board declared a cash dividend of $0.80 per share, payable February 23, 2026 to shareholders of record at the close of business on February 17, 2026. The filing states that the information in Item 2.02 and Exhibit 99.1 is furnished rather than filed under the Exchange Act.
  4. 8-KUbiquiti 8-K Report, Listing Notice (Dec 5, 2025)Ubiquiti Inc. reported in this Form 8-K, filed December 5, 2025, that director Ronald A. Sege passed away on November 30, 2025. Mr. Sege joined the Board in 2012 and at the time of his passing served on the audit and compensation committees and as chair of the nominating and corporate governance committee. The filing states that the Company is no longer compliant with NYSE Listed Company Manual Section 303A.07(a), which requires an audit committee of at least three independent members, because the committees were reduced to two members. The Company received official notice of non-compliance from the NYSE on December 4, 2025, and expects to appoint an additional independent director to the Board and audit committee as soon as practicable, which would restore compliance. The filing also reports results of the Annual Meeting of Stockholders held on December 4, 2025. Mr. Sege had been a director nominee for re-election and received 57,469,544 votes for and 579,731 withheld, with 1,408,040 broker non-votes. Because he died before the meeting, the Board did not designate a substitute nominee, and the Class II director seat will remain vacant until the Board appoints a replacement. Stockholders also approved the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026, with 59,437,036 votes for, 12,784 against, and 7,495 abstaining. For investors, the key takeaways are the governance gap on the audit committee, the expected remediation through a new independent appointment, and the continued vacancy in the Class II board seat. The filing does not discuss any financial results or operational impacts.
  5. 8-KUbiquiti 8-K Report, Financial Results (Nov 7, 2025)Ubiquiti Inc. reported results for its first quarter of fiscal 2026, the period ended September 30, 2025, in a press release furnished as Exhibit 99.1. Revenues were $733.8 million, down from $759.2 million in the prior quarter (a decrease of 3.3%) and up from $550.3 million in the year-ago quarter (an increase of 33.3%). Enterprise Technology revenue was $657.1 million, and Service Provider Technology revenue was $76.6 million. The year-over-year growth was driven by Enterprise Technology, partly offset by lower Service Provider Technology revenue. Profitability improved over the prior year. GAAP gross margin was 46.0%, compared with 45.1% in the prior quarter and 42.1% in the year-ago quarter, which the company attributed mainly to favorable product mix, lower shipping costs and indirect operating expenses, partly offset by higher tariff costs. Income from operations was $261.7 million and GAAP net income was $207.9 million, or $3.43 per diluted share, compared with $127.9 million, or $2.12 per diluted share, a year earlier. Non-GAAP diluted EPS was $3.46. The prior quarter's GAAP results included a $53.7 million deferred tax benefit from an intangibles realignment transaction, which the company excludes from non-GAAP results. The Board declared a cash dividend of $0.80 per share, payable November 24, 2025 to shareholders of record at the close of business on November 17, 2025.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.