Unity Software Inc. income statement
In fiscal 2025, Unity Software Inc. reported revenue of $1.85bn, up 2.0% on the year before, operating income of −$479m (a -25.9% margin) and net income of −$403m, or −$0.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 381 | 542 | 772 | 1,111 | 1,391 | 2,187 | 1,813 | 1,850 | 2,028 |
| Cost of revenue | 81 | 119 | 172 | 254 | 443 | 734 | 481 | 478 | 713 |
| Gross profit | 299 | 423 | 600 | 857 | 949 | 1,454 | 1,332 | 1,372 | 1,315 |
| Research and development | 204 | 256 | 404 | 696 | 959 | 1,054 | 925 | 930 | 1,027 |
| Selling and marketing | 134 | 174 | 216 | 345 | 498 | 835 | 753 | 653 | 657 |
| General and administrative | 91 | 144 | 255 | 348 | 373 | 398 | 410 | 269 | 248 |
| Operating income | −130 | −151 | −275 | −532 | −882 | −833 | −755 | −479 | −616 |
| Interest expense | 0 | 0 | 2 | 1 | 7 | 25 | 24 | 24 | 24 |
| Income before tax | −133 | −153 | −280 | −531 | −882 | −798 | −667 | −395 | −589 |
| Income tax | −1 | 10 | 2 | 1 | 37 | 28 | −3 | 6 | −3 |
| Net income | −132 | −163 | −282 | −533 | −921 | −822 | −664 | −403 | −588 |
| Diluted EPS | −$1.24 | −$2.39 | −$1.66 | −$1.89 | −$2.96 | −$2.16 | −$1.68 | −$0.96 | −$1.36 |
| Diluted shares (average) | 106m | 114m | 170m | 282m | 311m | 380m | 396m | 421m | 432m |
| EBITDA | −110 | −120 | −232 | −467 | −671 | −269 | −346 | −18 | −135 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 447 | 457 | 435 | 441 | 471 | 503 | 508 | 546 |
| Cost of revenue | 112 | 116 | 114 | 114 | 120 | 129 | 352 | 112 |
| Gross profit | 334 | 342 | 321 | 327 | 350 | 374 | 157 | 435 |
| Research and development | 215 | 218 | 221 | 215 | 244 | 250 | 254 | 278 |
| Selling and marketing | 176 | 176 | 162 | 162 | 166 | 164 | 195 | 132 |
| General and administrative | 70 | 71 | 66 | 69 | 66 | 67 | 58 | 56 |
| Operating income | −127 | −124 | −128 | −119 | −126 | −107 | −351 | −32 |
| Interest expense | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Income before tax | −118 | −120 | −76 | −105 | −117 | −97 | −354 | −20 |
| Income tax | 7 | 2 | 2 | 2 | 9 | −8 | −7 | 2 |
| Net income | −125 | −123 | −78 | −109 | −126 | −90 | −348 | −24 |
| Diluted EPS | −$0.31 | −$0.30 | −$0.19 | −$0.26 | −$0.30 | −$0.21 | −$0.80 | −$0.05 |
| EBITDA | −25 | −20 | −32 | −22 | 10 | 25 | −224 | 53 |
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