Universal Electronics Inc income statement
In fiscal 2025, Universal Electronics Inc reported revenue of $368m, down 6.7% on the year before, operating income of −$6.4m (a -1.7% margin) and net income of −$18.6m, or −$1.41 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 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 318 | 332 | 469 | 463 | 529 | 562 | 603 | 651 | 696 | 680 | 753 | 615 | 602 | 543 | 420 | 395 | 368 | 331 |
| Cost of revenue | 216 | 228 | 339 | 330 | 378 | 395 | 436 | 487 | 530 | 538 | 583 | 438 | 429 | 390 | 323 | 281 | 262 | 233 |
| Gross profit | 102 | 104 | 130 | 133 | 151 | 167 | 167 | 164 | 166 | 142 | 170 | 176 | 173 | 152 | 98 | 114 | 106 | 98 |
| Research and development | 9 | 11 | 12 | 14 | 16 | 17 | 18 | 20 | 21 | 24 | 29 | 31 | 31 | 32 | 31 | 30 | 26 | 22 |
| Selling, general and administrative | 71 | 72 | 91 | 93 | 103 | 109 | 113 | 114 | 127 | 120 | 125 | 108 | 119 | 105 | 98 | 92 | 85 | 77 |
| Operating income | 22 | 21 | 27 | 26 | 32 | 41 | 36 | 25 | 11 | −2 | 15 | 37 | 23 | 15 | −85 | −15 | −6 | −3 |
| Income before tax | 22 | 22 | 25 | 25 | 29 | 40 | 36 | 25 | 7 | 26 | 10 | 44 | 16 | 11 | −92 | −19 | −12 | −8 |
| Income tax | 8 | 7 | 5 | 8 | 6 | 8 | 7 | 5 | 18 | 14 | 7 | 5 | 11 | 11 | 6 | 5 | 7 | 7 |
| Net income | 15 | 15 | 20 | 17 | 23 | 33 | 29 | 20 | −10 | 12 | 4 | 39 | 5 | 0 | −98 | −24 | −19 | −15 |
| Diluted EPS | $1.05 | $1.07 | $1.31 | $1.10 | $1.47 | $2.01 | $1.88 | $1.38 | −$0.72 | $0.85 | $0.26 | $2.72 | $0.39 | $0.03 | −$7.64 | −$1.85 | −$1.41 | −$1.15 |
| Diluted shares (average) | 14m | 14m | 15m | 15m | 16m | 16m | 16m | 15m | 14m | 14m | 14m | 14m | 14m | 13m | 13m | 13m | 13m | 13m |
| EBITDA | 29 | 29 | 44 | 44 | 51 | 60 | 56 | 52 | 42 | 32 | 47 | 67 | 50 | 39 | −62 | 3 | 8 | 7 |
| 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 | 102 | 110 | 92 | 98 | 91 | 88 | 79 | 73 |
| Cost of revenue | 71 | 79 | 66 | 68 | 65 | 62 | 58 | 47 |
| Gross profit | 31 | 31 | 26 | 29 | 25 | 26 | 21 | 26 |
| Research and development | 7 | 7 | 7 | 7 | 7 | 5 | 5 | 4 |
| Selling, general and administrative | 23 | 24 | 23 | 21 | 22 | 19 | 19 | 17 |
| Operating income | 0 | −4 | −4 | 1 | −5 | 1 | −4 | 5 |
| Income before tax | −0 | −5 | −4 | −1 | −6 | −1 | −4 | 3 |
| Income tax | 2 | −1 | 2 | 2 | 3 | 0 | 4 | 1 |
| Net income | −3 | −5 | −6 | −3 | −8 | −1 | −7 | 2 |
| Diluted EPS | −$0.20 | −$0.34 | −$0.48 | −$0.22 | −$0.62 | −$0.08 | −$0.58 | $0.12 |
| EBITDA | 3 | 0 | 0 | 3 | −2 | 4 | −1 | 7 |
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