Ubiquiti Inc. income statement
In fiscal 2026, Ubiquiti Inc. reported revenue of $3.27bn, up 27.2% on the year before, operating income of $1.19bn (a 36.2% margin) and net income of $960m, or $15.85 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 | 2010Jun 2010 | 2011Jun 2011 | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jun 2016 | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Jun 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 137 | 198 | 354 | 321 | 572 | 596 | 666 | 865 | 1,017 | 1,162 | 1,285 | 1,898 | 1,692 | 1,941 | 1,928 | 2,574 | 3,274 |
| Cost of revenue | 82 | 117 | 203 | 185 | 319 | 334 | 342 | 470 | 573 | 624 | 676 | 986 | 1,022 | 1,180 | 1,189 | 1,456 | 1,763 |
| Gross profit | 55 | 81 | 151 | 135 | 253 | 262 | 325 | 396 | 444 | 538 | 608 | 912 | 670 | 761 | 740 | 1,117 | 1,511 |
| Research and development | 32 | 11 | 17 | 21 | 34 | 55 | 58 | 69 | 74 | 82 | 89 | 116 | 138 | 145 | 160 | 170 | 204 |
| Selling, general and administrative | 18 | 7 | 9 | 22 | 24 | 22 | 33 | 37 | 43 | 43 | 41 | 54 | 70 | 71 | 81 | 111 | 122 |
| Operating income | 5 | 62 | 125 | 93 | 196 | 147 | 242 | 290 | 326 | 394 | 478 | 743 | 462 | 545 | 499 | 836 | 1,185 |
| Income before tax | 5 | 62 | 124 | 92 | 195 | 146 | 240 | 285 | 314 | 381 | 450 | 728 | 444 | 486 | 424 | 806 | 1,183 |
| Income tax | 11 | 12 | 21 | 11 | 18 | 16 | 26 | 28 | 118 | 59 | 70 | 111 | 66 | 79 | 74 | 94 | 223 |
| Net income | −5 | 50 | 103 | 80 | 177 | 130 | 214 | 258 | 196 | 323 | 380 | 617 | 379 | 408 | 350 | 712 | 960 |
| Diluted EPS | −$0.08 | $0.07 | −$0.12 | $0.89 | $1.97 | $1.45 | $2.49 | $3.09 | $2.51 | $4.51 | $5.80 | $9.78 | $6.13 | $6.74 | $5.79 | $11.76 | $15.85 |
| Diluted shares (average) | 89m | 67m | 83m | 90m | 90m | 90m | 86m | 83m | 78m | 72m | 66m | 63m | 62m | 60m | 60m | 61m | 61m |
| EBITDA | 5 | 62 | 126 | 95 | 199 | 152 | 248 | 297 | 333 | 402 | 486 | 755 | 476 | 561 | 518 | 858 | 1,204 |
| Quarter | 2025 Q1Sept 2024 | 2025 Q2Dec 2024 | 2025 Q3Mar 2025 | 2025 Q4Jun 2025 | 2026 Q1Sept 2025 | 2026 Q2Dec 2025 | 2026 Q3Mar 2026 | 2026 Q4Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 550 | 600 | 664 | 759 | 734 | 815 | 788 | 937 |
| Cost of revenue | 319 | 353 | 368 | 416 | 396 | 441 | 417 | 508 |
| Gross profit | 232 | 247 | 296 | 343 | 337 | 374 | 371 | 429 |
| Research and development | 38 | 40 | 44 | 47 | 49 | 51 | 52 | 53 |
| Selling, general and administrative | 24 | 28 | 25 | 34 | 27 | 30 | 28 | 36 |
| Operating income | 169 | 179 | 227 | 261 | 262 | 293 | 291 | 340 |
| Income before tax | 159 | 167 | 221 | 258 | 259 | 291 | 290 | 343 |
| Income tax | 31 | 31 | 41 | −8 | 51 | 58 | 56 | 58 |
| Net income | 128 | 137 | 180 | 267 | 208 | 234 | 234 | 285 |
| Diluted EPS | $2.12 | $2.26 | $2.98 | $4.40 | $3.43 | $3.86 | $3.86 | $4.70 |
| EBITDA | 175 | 183 | 234 | 266 | 267 | 297 | 295 | 345 |
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