Ubiquiti Inc. (UI) Income Statement
UI FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsUI revenue and net income
Where UI's revenue goes
FY2026Each bar shows an amount and its share of revenue. UI kept 29.3% of revenue as net income.
UI profit margins
UI growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.2% | +19.0% | +11.5% | +17.3% |
| Gross profit | +35.3% | +25.7% | +10.6% | +16.6% |
| Operating income | +41.8% | +29.6% | +9.8% | +17.2% |
| Net income | +34.9% | +33.1% | +9.3% | +16.2% |
| EPS (diluted) | +44.8% | +32.7% | +10.2% | +20.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UI quarterly EPS vs estimates
Ubiquiti beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 6, 2026 (estimate $3.82).
UI income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $2.57B | $1.93B | $1.94B | $1.69B | $1.90B | $1.28B | $1.16B | $1.02B | $865.3M |
| Cost of revenue | $1.76B | $1.46B | $1.19B | $1.18B | $1.02B | $985.8M | $676.3M | $624.1M | $573.3M | $469.6M |
| Gross profit | $1.51B | $1.12B | $739.8M | $760.7M | $669.8M | $912.3M | $608.2M | $537.6M | $443.6M | $395.7M |
| Research & development | $204.2M | $169.7M | $159.8M | $145.2M | $137.7M | $116.2M | $89.4M | $82.1M | $74.3M | $69.1M |
| Sales, general & admin | $121.8M | $111.5M | $81.0M | $71.0M | $69.9M | $53.5M | $40.6M | $43.2M | $43.1M | $36.9M |
| Total operating expenses | $325.9M | $281.2M | $240.8M | $216.2M | $207.5M | $169.7M | $130.0M | $125.3M | $117.4M | $105.9M |
| Operating income | $1.19B | $836.3M | $499.0M | $544.6M | $462.3M | $742.6M | $478.2M | $394.3M | $326.1M | $289.8M |
| Interest income | — | $30.6M | $75.2M | $58.2M | $17.8M | $14.9M | $28.0M | $12.8M | $12.0M | $4.7M |
| Interest expense | $2.4M | $30.6M | $75.2M | $58.2M | $17.8M | $14.9M | $28.0M | $12.8M | $12.0M | $4.7M |
| Income before taxes | $1.18B | $805.7M | $423.8M | $486.3M | $444.4M | $727.7M | $450.2M | $381.5M | $314.1M | $285.0M |
| Income taxes | $222.8M | $93.7M | $73.9M | $78.7M | $65.8M | $111.1M | $69.9M | $58.8M | $117.9M | $27.5M |
| Net income | $960.3M | $711.9M | $350.0M | $407.6M | $378.7M | $616.6M | $380.3M | $322.7M | $196.3M | $257.5M |
| EBITDA | $1.20B | $858.2M | $518.2M | $560.9M | $476.0M | $754.7M | $485.9M | $401.9M | $333.4M | $297.1M |
| EPS (diluted) | $15.89 | $10.97 | $5.87 | $6.80 | $6.16 | $9.77 | $5.91 | $4.95 | $3.67 | $3.04 |
| Gross margin | 46.2% | 43.4% | 38.4% | 39.2% | 39.6% | 48.1% | 47.3% | 46.3% | 43.6% | 45.7% |
| Operating margin | 36.2% | 32.5% | 25.9% | 28.1% | 27.3% | 39.1% | 37.2% | 33.9% | 32.1% | 33.5% |
| Net margin | 29.3% | 27.7% | 18.1% | 21.0% | 22.4% | 32.5% | 29.6% | 27.8% | 19.3% | 29.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $937.3M | $788.2M | $814.9M | $733.8M | $759.2M | $664.2M | $599.9M | $550.3M | $507.5M | $493.0M | $465.0M | $463.1M |
| Cost of revenue | $508.1M | $417.5M | $440.9M | $396.4M | $416.4M | $368.3M | $352.6M | $318.7M | $303.3M | $318.9M | $287.3M | $279.2M |
| Gross profit | $429.3M | $370.7M | $374.0M | $337.4M | $342.7M | $295.9M | $247.2M | $231.6M | $204.1M | $174.1M | $177.6M | $183.9M |
| Research & development | $53.0M | $51.8M | $50.8M | $48.5M | $47.5M | $44.3M | $40.0M | $38.0M | $44.1M | $42.5M | $36.9M | $36.3M |
| Sales, general & admin | $36.3M | $28.1M | $30.3M | $27.1M | $33.9M | $24.8M | $28.5M | $24.4M | $21.7M | $20.4M | $19.6M | $19.3M |
| Total operating expenses | $89.3M | $79.9M | $81.1M | $75.7M | $81.3M | $69.0M | $68.4M | $62.4M | $65.8M | $62.9M | $56.5M | $55.6M |
| Operating income | $340.0M | $290.8M | $292.9M | $261.7M | $261.4M | $226.9M | $178.8M | $169.2M | $138.4M | $111.2M | $121.1M | $128.3M |
| Interest income | — | — | $1.6M | $3.2M | $3.2M | $5.4M | $11.4M | $10.6M | — | — | — | $21.2M |
| Interest expense | $5.4M | $661,000 | $1.6M | $3.2M | $3.2M | $5.4M | $11.4M | $10.6M | $16.8M | $18.9M | $18.3M | $21.2M |
| Income before taxes | $343.1M | $290.2M | $291.3M | $258.5M | $258.2M | $221.4M | $167.4M | $158.6M | $121.6M | $92.4M | $102.8M | $107.1M |
| Income taxes | $58.2M | $56.2M | $57.7M | $50.7M | −$8.5M | $41.0M | $30.6M | $30.6M | $17.8M | $16.1M | $20.7M | $19.3M |
| Net income | $284.9M | $233.9M | $233.6M | $207.9M | $266.7M | $180.4M | $136.8M | $128.0M | $103.8M | $76.3M | $82.1M | $87.8M |
| EBITDA | $342.3M | $295.4M | $297.4M | $266.8M | $265.7M | $233.8M | $183.4M | $175.3M | $142.9M | $116.3M | $125.6M | $133.4M |
| EPS (diluted) | $4.69 | $3.86 | $3.88 | $3.46 | $3.54 | $3.01 | $2.28 | $2.14 | $1.74 | $1.28 | $1.38 | $1.47 |
| Gross margin | 45.8% | 47.0% | 45.9% | 46.0% | 45.1% | 44.5% | 41.2% | 42.1% | 40.2% | 35.3% | 38.2% | 39.7% |
| Operating margin | 36.3% | 36.9% | 35.9% | 35.7% | 34.4% | 34.2% | 29.8% | 30.7% | 27.3% | 22.6% | 26.0% | 27.7% |
| Net margin | 30.4% | 29.7% | 28.7% | 28.3% | 35.1% | 27.2% | 22.8% | 23.3% | 20.5% | 15.5% | 17.7% | 18.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UI's financial statements (latest annual report filed August 21, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UI financial results
In fiscal year 2026 (ended June 30, 2026), Ubiquiti reported revenue of $3.3 billion, up 27.2% from the year before. It had net income of $960.3 million (up 34.9%), a net profit margin of 29.3%. Diluted earnings per share came to $15.89. Over five years revenue grew at an average rate of 11.5% a year.
See the UI stock overview for the latest quote and news, or the UI chart for price history and technical indicators.
UI income statement FAQ
What is Ubiquiti's annual revenue?
Ubiquiti reported total revenue of $3.3 billion for fiscal year 2026, which ended on June 30, 2026. That was up 27.2% from $2.6 billion the previous year.
Is Ubiquiti profitable?
Yes. Ubiquiti reported net income of $960.3 million in fiscal 2026, a net profit margin of 29.3%; its operating margin was 36.2%.
What is Ubiquiti's gross margin?
Ubiquiti's gross margin was 46.2% in fiscal 2026: for every $100 of revenue, Ubiquiti kept $46 after the direct cost of its products and services.
How much does Ubiquiti spend on research and development?
Ubiquiti spent $204.2 million on research and development in fiscal 2026, 6.2% of revenue.
How fast is Ubiquiti growing?
Revenue grew 11.5% a year on average over the last five fiscal years, from $1.9 billion to $3.3 billion.
What are Ubiquiti's earnings per share?
Ubiquiti earned $15.89 per diluted share in fiscal 2026, compared with $10.97 a year earlier.
When will Ubiquiti report its next earnings?
Ubiquiti is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Ubiquiti's fiscal year end?
Ubiquiti's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 21, 2026.