Unity Software Inc. (U) Balance Sheet
U balance sheet, 2025
December 31, 2025 · U.S. dollars$6.84B assets = $3.34B liabilities + $3.50B equity
Both columns are drawn to the same scale: what U owns equals what it owes plus shareholders’ equity. Hover a block for its value.
U financial health
Descriptive bands, not a rating. Fiscal 2025.
U balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $589.3M2018 | $6.84B2025 | +41.9%/yr | |
| Total liabilities | $273.2M2018 | $3.34B2025 | +43.0%/yr | |
| Shareholders’ equity | $316.1M2018 | $3.24B2025 | +39.4%/yr | |
| Cash & short-term investments | $258.7M2018 | $2.06B2025 | +34.5%/yr | |
| Total debt | $22.6M2018 | $2.39B2025 | +94.6%/yr | |
| Net cash (debt) | $236.2M2018 | −$329.9M2025 | −$566.0M | |
| Working capital | $184.9M2018 | $1.29B2025 | +$1.1B | |
| Book value per share | $1.392018 | $7.692025 | +27.7%/yr | |
| Current ratio | 1.732018 | 1.842025 | +0.11 | |
| Debt / equity | 0.072018 | 0.742025 | +0.67 | |
| Shares outstanding | 228.2M2018 | 420.9M2025 | +9.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
U assets
U liabilities and equity
U debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
U balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $2.06B | $1.52B | $1.59B | $1.59B | $1.74B | $1.75B | $130.0M | $258.7M |
| Cash & equivalents | $2.06B | $1.52B | $1.59B | $1.49B | $1.06B | $1.27B | $130.0M | $258.7M |
| Short-term investments | — | — | $0 | $101.7M | $681.3M | $479.4M | — | — |
| Receivables | $643.6M | $573.9M | $611.7M | $633.8M | $340.5M | $274.3M | $204.9M | $152.5M |
| Inventory | $0 | $0 | $0 | $1 | $39.1M | $32.0M | $23.1M | $13.5M |
| Other current assets | $113.0M | $133.8M | $122.8M | $144.1M | $34.4M | $22.4M | $9.4M | $13.9M |
| Total current assets | $2.81B | $2.23B | $2.32B | $2.36B | $2.15B | $2.08B | $367.4M | $438.6M |
| Property, plant & equipment (net) | $68.3M | $98.8M | $140.9M | $121.9M | $106.1M | $199.2M | $79.0M | $67.9M |
| Goodwill & intangible assets | $3.82B | $4.23B | $4.57B | $5.12B | $2.43B | $343.7M | $280.3M | $54.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $140.0M | $180.7M | $204.6M | $224.3M | $149.6M | $47.7M | $36.1M | $28.3M |
| Total assets | $6.84B | $6.74B | $7.24B | $7.83B | $4.84B | $2.67B | $762.9M | $589.3M |
| Liabilities | ||||||||
| Accounts payable | $14.0M | $13.9M | $14.5M | $20.2M | $14.0M | $11.3M | $10.7M | $9.3M |
| Short-term debt | $584.9M | $33.7M | $39.1M | $34.5M | $23.7M | $25.4M | $0 | $22.6M |
| Deferred revenue | $224.4M | $186.3M | $186.8M | $218.1M | $140.5M | $113.9M | $86.0M | $55.0M |
| Total current liabilities | $1.53B | $889.5M | $894.1M | $1.01B | $626.1M | $503.2M | $336.5M | $253.7M |
| Long-term debt | $1.68B | $2.24B | $2.71B | $2.71B | $1.70B | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | $116.3M | $123.9M | — | — |
| Other long-term liabilities | $136.7M | $181.8M | $223.2M | $362.4M | $117.8M | $130.9M | $32.4M | $19.4M |
| Total liabilities | $3.34B | $3.31B | $3.83B | $4.08B | $2.45B | $634.1M | $368.9M | $273.2M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$4.14B | −$3.74B | −$3.07B | −$2.25B | −$1.33B | −$797.5M | −$515.2M | −$352.0M |
| Treasury stock | — | — | — | — | — | — | — | −$101.7M |
| Accumulated other comprehensive income | −$2.2M | −$9.4M | −$5.0M | −$1.7M | −$3.9M | −$3.4M | −$3.6M | −$3.5M |
| Minority interest | $258.7M | $236.5M | $231.7M | $225.9M | — | — | — | — |
| Total shareholders' equity | $3.24B | $3.19B | $3.18B | $3.75B | $2.39B | $2.04B | $393.9M | $316.1M |
| Key figures | ||||||||
| Total debt | $2.39B | $2.35B | $2.71B | $2.74B | $1.82B | $123.9M | $0 | $22.6M |
| Net cash (debt) | −$329.9M | −$836.0M | −$1.12B | −$1.15B | −$82.2M | $1.63B | $130.0M | $236.2M |
| Working capital | $1.29B | $1.34B | $1.43B | $1.35B | $1.52B | $1.58B | $30.9M | $184.9M |
| Tangible book value | −$579.4M | −$1.04B | −$1.39B | −$1.37B | −$40.1M | $1.69B | $113.6M | $261.6M |
| Book value per share | $7.69 | $8.06 | $8.37 | $12.09 | $8.48 | $11.99 | $1.73 | $1.39 |
| Shares outstanding | 420.9M | 396.0M | 380.5M | 310.5M | 282.2M | 170.0M | 228.2M | 228.2M |
| Current ratio | 1.84 | 2.50 | 2.60 | 2.34 | 3.44 | 4.13 | 1.09 | 1.73 |
| Quick ratio | 1.77 | 2.35 | 2.46 | 2.20 | 3.32 | 4.03 | 1.00 | 1.62 |
| Debt / equity | 0.74 | 0.74 | 0.85 | 0.73 | 0.76 | 0.06 | 0.00 | 0.07 |
| Equity / assets | 47.3% | 47.4% | 43.9% | 47.9% | 49.5% | 76.3% | 51.6% | 53.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.35B | $2.14B | $2.06B | $1.90B | $1.69B | $1.54B | $1.52B | $1.41B | $1.27B | $1.18B | $1.59B | $1.51B |
| Cash & equivalents | $2.35B | $2.14B | $2.06B | $1.90B | $1.69B | $1.54B | $1.52B | $1.41B | $1.27B | $1.18B | $1.59B | $1.51B |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $688.7M | $654.0M | $643.6M | $600.1M | $596.6M | $553.0M | $573.9M | $576.4M | $573.2M | $621.2M | $611.7M | $604.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Other current assets | $139.6M | $128.5M | $113.0M | $123.9M | $120.2M | $144.5M | $133.8M | $134.7M | $142.9M | $140.1M | $122.8M | $120.8M |
| Total current assets | $3.18B | $2.92B | $2.81B | $2.62B | $2.41B | $2.24B | $2.23B | $2.12B | $1.98B | $1.94B | $2.32B | $2.23B |
| Property, plant & equipment (net) | $49.8M | $54.3M | $68.3M | $76.6M | $82.4M | $90.0M | $98.8M | $108.1M | $112.1M | $122.8M | $140.9M | $140.8M |
| Goodwill & intangible assets | $3.32B | $3.43B | $3.82B | $3.94B | $4.06B | $4.15B | $4.23B | $4.32B | $4.40B | $4.49B | $4.57B | $4.83B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $112.4M | $115.2M | $140.0M | $148.8M | $165.6M | $170.5M | $180.7M | $180.4M | $190.6M | $204.2M | $204.6M | $223.7M |
| Total assets | $6.66B | $6.52B | $6.84B | $6.78B | $6.72B | $6.65B | $6.74B | $6.73B | $6.68B | $6.75B | $7.24B | $7.43B |
| Liabilities | ||||||||||||
| Accounts payable | $10.4M | $8.6M | $14.0M | $20.0M | $12.2M | $16.5M | $13.9M | $15.2M | $12.7M | $18.9M | $14.5M | $22.2M |
| Short-term debt | $587.2M | $556.8M | $584.9M | $0 | $31.9M | $0 | $0 | $0 | $36.1M | $37.6M | $39.1M | $38.6M |
| Deferred revenue | $237.3M | $229.5M | $224.4M | $225.6M | $219.4M | $188.5M | $186.3M | $189.8M | $176.1M | $170.4M | $186.8M | $214.8M |
| Total current liabilities | $1.57B | $1.50B | $1.53B | $942.2M | $883.3M | $817.6M | $889.5M | $876.9M | $841.5M | $902.2M | $894.1M | $950.4M |
| Long-term debt | $1.68B | $1.68B | $1.68B | $2.23B | $2.23B | $2.23B | $2.24B | $2.24B | $2.24B | $2.24B | $2.71B | $2.71B |
| Other long-term liabilities | $104.4M | $99.9M | $136.7M | $152.1M | $165.8M | $169.6M | $181.8M | $184.3M | $188.4M | $199.9M | $223.2M | $299.4M |
| Total liabilities | $3.35B | $3.28B | $3.34B | $3.33B | $3.28B | $3.22B | $3.31B | $3.30B | $3.27B | $3.34B | $3.83B | $3.96B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | −$4.51B | −$4.49B | −$4.14B | −$4.05B | −$3.92B | −$3.81B | −$3.74B | −$3.61B | −$3.49B | −$3.36B | −$3.07B | −$2.82B |
| Accumulated other comprehensive income | $3.3M | $257,000 | −$2.2M | −$5.3M | −$6.3M | −$8.5M | −$9.4M | −$3.0M | −$8.9M | −$7.8M | −$5.0M | −$9.6M |
| Minority interest | $273.0M | $265.3M | $258.7M | $251.1M | $246.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.03B | $2.98B | $3.24B | $3.20B | $3.19B | $3.19B | $3.19B | $3.18B | $3.18B | $3.18B | $3.18B | $3.24B |
| Key figures | ||||||||||||
| Total debt | $2.32B | $2.24B | $2.39B | $2.23B | $2.34B | $2.23B | $2.24B | $2.24B | $2.24B | $2.24B | $2.71B | $2.75B |
| Net cash (debt) | $31.1M | −$95.5M | −$329.9M | −$335.7M | −$650.0M | −$691.0M | −$721.2M | −$832.8M | −$969.3M | −$1.06B | −$1.12B | −$1.24B |
| Working capital | $1.61B | $1.42B | $1.29B | $1.68B | $1.52B | $1.42B | $1.34B | $1.24B | $1.14B | $1.04B | $1.43B | $1.28B |
| Tangible book value | −$284.9M | −$453.1M | −$579.4M | −$731.8M | −$873.3M | −$960.8M | −$1.04B | −$1.14B | −$1.21B | −$1.30B | −$1.39B | −$1.59B |
| Book value per share | $6.93 | $6.85 | $7.53 | $7.55 | $7.63 | $7.74 | $7.87 | $7.98 | $8.11 | $8.22 | $8.27 | $8.45 |
| Shares outstanding | 437.9M | 434.3M | 429.8M | 424.3M | 417.6M | 411.9M | 405.2M | 398.8M | 392.5M | 387.2M | 384.9M | 383.7M |
| Current ratio | 2.03 | 1.95 | 1.84 | 2.78 | 2.73 | 2.74 | 2.50 | 2.41 | 2.36 | 2.15 | 2.60 | 2.35 |
| Quick ratio | 1.94 | 1.86 | 1.77 | 2.65 | 2.59 | 2.56 | 2.35 | 2.26 | 2.19 | 2.00 | 2.46 | 2.22 |
| Debt / equity | 0.76 | 0.75 | 0.74 | 0.70 | 0.73 | 0.70 | 0.70 | 0.70 | 0.70 | 0.70 | 0.85 | 0.85 |
| Equity / assets | 45.5% | 45.6% | 47.3% | 47.2% | 47.5% | 47.9% | 47.4% | 47.3% | 47.6% | 47.1% | 43.9% | 43.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
U financial position
At the end of fiscal 2025 (December 31, 2025), Unity had total assets of $6.8 billion (up 1.5% from a year earlier), total liabilities of $3.3 billion and shareholders' equity of $3.2 billion. It held $2.1 billion in cash and short-term investments against $2.4 billion of debt, net debt of $329.9 million. Its current ratio was 1.84. In the latest quarter (ended June 30, 2026) total assets were $6.7 billion and equity $3.0 billion.
Related: U income statement, U cash flow statement, U key metrics. See the U stock overview for the latest quote and news.
U balance sheet FAQ
What are Unity's total assets?
Unity reported total assets of $6.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.7 billion a year earlier.
How much debt does Unity have?
Unity had $2.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.74.
How much cash does Unity have?
Unity held $2.1 billion in cash and short-term investments at the end of fiscal 2025; with $2.4 billion of debt that is net debt of $329.9 million.
What is Unity's book value?
Unity's shareholders' equity (book value) was $3.2 billion at the end of fiscal 2025, or $7.69 per share.
What is Unity's current ratio?
Unity had current assets of $2.8 billion and current liabilities of $1.5 billion, a current ratio of 1.84 (it can cover its short-term obligations).
How much goodwill does Unity have?
Unity carried $3.8 billion of goodwill and intangible assets, 55.8% of total assets, at the end of fiscal 2025.