Unity Bancorp, Inc. (UNTY) Income Statement
UNTY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUNTY revenue and net income
Where UNTY's revenue goes
2025Each bar shows an amount and its share of revenue. UNTY kept 30.8% of revenue as net income.
UNTY profit margins
UNTY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.5% | +20.3% | +15.7% | +14.3% |
| Gross profit | +25.4% | +11.1% | +13.0% | +12.0% |
| Operating income | +38.8% | +13.7% | +19.4% | +18.0% |
| Net income | +39.8% | +14.6% | +19.6% | +19.7% |
| EPS (diluted) | +39.7% | +16.5% | +21.0% | +18.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
UNTY quarterly EPS vs estimates
Unity Bancorp beat the analyst EPS estimate in 7 of the last 8 quarters.
UNTY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $188.4M | $163.1M | $150.7M | $108.3M | $95.8M | $91.0M | $84.1M | $76.4M | $62.9M | $55.0M |
| Cost of revenue | $60.5M | $61.1M | $51.7M | $14.9M | $7.9M | $21.5M | $20.2M | $15.6M | $11.1M | $10.0M |
| Gross profit | $127.9M | $102.0M | $99.1M | $93.4M | $87.9M | $69.5M | $64.0M | $60.9M | $51.8M | $45.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $40.5M | $33.4M | $33.0M | $30.1M | $27.7M | $25.5M | $24.4M | $24.4M | $20.8M | $18.7M |
| Total operating expenses | $52.4M | $47.6M | $46.1M | $41.9M | $39.7M | $38.4M | $33.6M | $33.6M | $29.4M | $24.6M |
| Operating income | $75.5M | $54.4M | $53.0M | $51.4M | $48.1M | $31.1M | $30.3M | $27.3M | $22.4M | $20.5M |
| Interest income | $173.6M | $155.7M | $136.1M | $100.7M | $84.8M | $78.9M | $75.6M | $67.3M | $55.3M | $47.0M |
| Interest expense | $56.6M | $57.1M | $48.5M | $10.6M | $7.7M | $14.5M | $18.1M | $13.5M | $9.5M | $8.8M |
| Income before taxes | $75.5M | $54.4M | $53.0M | $51.4M | $48.1M | $31.1M | $30.3M | $27.3M | $22.4M | $20.5M |
| Income taxes | $17.6M | $12.9M | $13.3M | $13.0M | $12.0M | $7.5M | $6.7M | $5.4M | $9.5M | $7.3M |
| Net income | $58.0M | $41.5M | $39.7M | $38.5M | $36.1M | $23.6M | $23.7M | $21.9M | $12.9M | $13.2M |
| EBITDA | $78.3M | $57.0M | $55.4M | $54.2M | $49.7M | $33.0M | $31.9M | $29.2M | $23.7M | $21.2M |
| EPS (diluted) | $5.67 | $4.06 | $3.84 | $3.59 | $3.42 | $2.19 | $2.14 | $2.00 | $1.36 | $1.38 |
| Gross margin | 67.9% | 62.5% | 65.7% | 86.2% | 91.7% | 76.4% | 76.0% | 79.6% | 82.4% | 81.8% |
| Operating margin | 40.1% | 33.4% | 35.2% | 47.5% | 50.3% | 34.2% | 36.0% | 35.7% | 35.6% | 37.2% |
| Net margin | 30.8% | 25.4% | 26.3% | 35.5% | 37.7% | 26.0% | 28.1% | 28.7% | 20.5% | 24.0% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.4M | $48.6M | $48.1M | $49.8M | $63.1M | $50.2M | $42.9M | $42.0M | $42.1M | $39.7M | $39.7M | $39.9M |
| Cost of revenue | $16.7M | $16.0M | $15.5M | $14.5M | $30.8M | $15.9M | $14.9M | $15.1M | $15.8M | $15.5M | $14.7M | $15.5M |
| Gross profit | $35.6M | $32.6M | $32.6M | $35.3M | $32.3M | $34.3M | $28.0M | $26.9M | $26.4M | $24.2M | $24.9M | $24.5M |
| Sales, general & admin | $13.0M | $11.9M | $12.2M | $12.5M | $12.4M | $9.2M | $9.0M | $8.8M | $8.2M | $8.1M | $8.3M | $8.1M |
| Total operating expenses | $15.6M | $13.9M | $13.3M | $15.6M | $12.4M | $12.8M | $12.6M | $12.4M | $11.8M | $11.6M | $12.1M | $11.4M |
| Operating income | $20.0M | $18.7M | $19.2M | $19.7M | $19.9M | $21.5M | $15.4M | $14.5M | $14.6M | $12.6M | $12.8M | $13.0M |
| Interest income | — | $46.6M | $45.2M | $45.9M | $44.4M | $42.6M | $40.8M | $40.3M | $39.5M | $38.0M | $37.9M | $37.8M |
| Interest expense | $15.7M | $14.8M | $14.4M | $14.5M | $14.5M | $14.0M | $13.6M | $13.8M | $14.7M | $14.6M | $14.1M | $13.7M |
| Income before taxes | $20.0M | $18.7M | $18.5M | $19.7M | $18.9M | $21.5M | $15.4M | $14.5M | $14.6M | $12.6M | $12.8M | $13.0M |
| Income taxes | $2.6M | $4.2M | $4.2M | $4.2M | $4.5M | $5.0M | $3.8M | $3.0M | $3.7M | $3.1M | $3.2M | $3.3M |
| Net income | $17.4M | $14.5M | $14.3M | $15.5M | $14.4M | $16.5M | $11.6M | $11.5M | $10.9M | $9.5M | $9.6M | $9.8M |
| EBITDA | $35.7M | $19.3M | $19.5M | $20.8M | $19.6M | $21.8M | $16.1M | $15.3M | $15.5M | $12.8M | $13.3M | $13.4M |
| EPS (diluted) | $1.51 | $1.42 | $1.40 | $1.52 | $1.41 | $1.61 | $1.13 | $1.13 | $1.07 | $0.93 | $0.93 | $0.96 |
| Gross margin | 68.0% | 67.1% | 67.8% | 70.9% | 51.2% | 68.3% | 65.3% | 64.1% | 62.6% | 61.0% | 62.8% | 61.2% |
| Operating margin | 38.2% | 38.4% | 40.0% | 39.6% | 31.6% | 42.9% | 36.0% | 34.5% | 34.6% | 31.6% | 32.2% | 32.7% |
| Net margin | 33.2% | 29.8% | 29.7% | 31.1% | 22.8% | 32.9% | 27.0% | 27.4% | 25.9% | 23.8% | 24.2% | 24.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in UNTY's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
UNTY financial results
In fiscal year 2025 (ended December 31, 2025), Unity Bancorp reported revenue of $188.4 million, up 15.5% from the year before. It had net income of $58.0 million (up 39.8%), a net profit margin of 30.8%. Diluted earnings per share came to $5.67. Over five years revenue grew at an average rate of 15.7% a year.
See the UNTY stock overview for the latest quote and news, or the UNTY chart for price history and technical indicators.
UNTY income statement FAQ
What is Unity Bancorp's annual revenue?
Unity Bancorp reported total revenue of $188.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 15.5% from $163.1 million the previous year.
Is Unity Bancorp profitable?
Yes. Unity Bancorp reported net income of $58.0 million in fiscal 2025, a net profit margin of 30.8%; its operating margin was 40.1%.
What is Unity Bancorp's gross margin?
Unity Bancorp's gross margin was 67.9% in fiscal 2025: for every $100 of revenue, Unity Bancorp kept $68 after the direct cost of its products and services.
How fast is Unity Bancorp growing?
Revenue grew 15.7% a year on average over the last five fiscal years, from $91.0 million to $188.4 million.
What are Unity Bancorp's earnings per share?
Unity Bancorp earned $5.67 per diluted share in fiscal 2025, compared with $4.06 a year earlier.
When does Unity Bancorp's fiscal year end?
Unity Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.