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U logoUnity Software Inc.(U)Earnings, Financials & Key Ratios

U•NYSE
$27.28
$11.9B mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryDeveloper tools and DevOps platforms
AboutUnity Software Inc. creates and operates an interactive real-time 3D content platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company serves content creators and developers, artists, designers, engineers, and architects to create interactive and real-time 2D and 3D content. It offers its solutions directly through its online store, field sales operations, independent distributors, and resellers in the United States, Denmark, Belgium, Canada, China, Colombia, Finland, France, Germany, Ireland, Israel, Japan, Lithuania, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, and the United Kingdom. The company was founded in 2004 and is headquartered in San Francisco, California.Show more
  • Revenue$1.85B+2.0%
  • EBITDA$38M+111.1%
  • Net Income-$403M+39.4%
  • EPS (Diluted)-0.96+42.9%
  • Gross Margin74.17%+0.9%
  • EBITDA Margin2.07%+110.9%
  • Operating Margin-22.85%+45.1%
  • Net Margin-21.78%+40.5%
  • ROE-11.65%+40.0%
  • ROIC-7.84%+39.1%
  • Debt/Equity0.68-0.5%
  • Interest Coverage-17.60+35.6%
Analysis→Technical→

U Key Insights

Unity Software Inc. (U) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FCF machine: 21.8% free cash flow margin
  • ✓Strong 5Y sales CAGR of 19.1%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

U Price & Volume

Unity Software Inc. (U) stock price & volume — 10-year historical chart

Loading chart...

U Growth Metrics

Unity Software Inc. (U) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years19.08%
3 Years9.96%
TTM2.01%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM39.35%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM42.86%

Return on Capital

10 Years-20.6%
5 Years-13.05%
3 Years-10.87%
Last Year-7.57%

U Recent Earnings

Unity Software Inc. (U) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 11, 2026
EPS
$0.21
Est $0.20
+5.0%
Revenue
$503M
Est $493M
+2.1%
Q4 2025
Nov 5, 2025
EPS
$0.20
Est $0.18
+8.4%
Revenue
$471M
Est $453M
+3.9%
Q3 2025
Aug 6, 2025
EPS
$0.26
Est $0.14
-287.9%
Revenue
$441M
Est $428M
+3.1%
Q2 2025
May 7, 2025
EPS
$0.19
Est $0.12
-262.3%
Revenue
$435M
Est $416M
+4.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 11, 2026
$0.21vs $0.20+5.0%
$503Mvs $493M+2.1%
Q4 2025Nov 5, 2025
$0.20vs $0.18+8.4%
$471Mvs $453M+3.9%
Q3 2025Aug 6, 2025
$0.26vs $0.14-287.9%
$441Mvs $428M+3.1%
Q2 2025May 7, 2025
$0.19vs $0.12-262.3%
$435Mvs $416M+4.5%
Based on last 12 quarters of dataView full earnings history →

U Peer Comparison

Unity Software Inc. (U) competitors in Developer tools and DevOps platforms — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
EPAM logoEPAMEPAM Systems, Inc.Direct Competitor5.91B107.0013.650.8%7.01%9.97%0.04
ADSK logoADSKAutodesk, Inc.Direct Competitor52.02B243.1046.4810.52%16.59%36.91%0.90
TTWO logoTTWOTake-Two Interactive Software, Inc.Direct Competitor46.35B222.00-8.685.31%-60.45%-113.43%1.92
EA logoEAElectronic Arts Inc.Direct Competitor50.25B200.7957.210.91%11.78%14.19%0.22
RBLX logoRBLXRoblox CorporationDirect Competitor31.33B43.77-28.4235.77%-20.69%-289.59%4.36
MSFT logoMSFTMicrosoft CorporationProduct Competitor3.07T413.8730.3414.93%39.34%33.13%0.33
NVDA logoNVDANVIDIA CorporationProduct Competitor5.05T207.6742.3865.47%55.6%76.33%0.07
SNAP logoSNAPSnap Inc.Product Competitor10.35B6.13-22.7010.63%-6.72%-18.93%2.06

Compare U vs Peers

Unity Software Inc. (U) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EPAM

Most directly comparable listed peer for U.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare U against a more recognizable public peer.

Peer Set

Compare Top 5

vs EPAM, ADSK, TTWO, EA

U Income Statement

Unity Software Inc. (U) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue380.75M541.78M772.45M1.11B1.39B2.19B1.81B1.85B
Revenue Growth %-42.29%42.58%43.77%25.26%57.25%-17.1%2.01%
Cost of Goods Sold81.27M118.6M172.35M253.63M442.5M733.72M480.85M477.74M
COGS % of Revenue21.34%21.89%22.31%22.84%31.81%33.54%26.52%25.83%
Gross Profit
299.49M▲ 0%
423.18M▲ 41.3%
600.1M▲ 41.8%
856.9M▲ 42.8%
948.52M▲ 10.7%
1.45B▲ 53.2%
1.33B▼ 8.3%
1.37B▲ 3.0%
Gross Margin %78.66%78.11%77.69%77.16%68.19%66.46%73.48%74.17%
Gross Profit Growth %-41.3%41.81%42.79%10.69%53.25%-8.34%2.97%
Operating Expenses429.79M573.85M874.91M1.39B1.83B2.29B2.09B1.79B
OpEx % of Revenue112.88%105.92%113.26%125.04%131.61%104.53%115.13%97.02%
Selling, General & Admin225.72M317.92M471.39M692.85M871.25M1.23B1.16B864.97M
SG&A % of Revenue59.28%58.68%61.03%62.39%62.63%56.36%64.12%46.76%
Research & Development204.07M255.93M403.51M695.71M959.49M1.05B924.83M929.52M
R&D % of Revenue53.6%47.24%52.24%62.65%68.98%48.17%51%50.25%
Other Operating Expenses00000000
Operating Income
-130.3M▲ 0%
-150.67M▼ 15.6%
-274.81M▼ 82.4%
-531.66M▼ 93.5%
-882.21M▼ 65.9%
-832.79M▲ 5.6%
-755.15M▲ 9.3%
-422.57M▲ 44.0%
Operating Margin %-34.22%-27.81%-35.58%-47.88%-63.42%-38.07%-41.65%-22.85%
Operating Income Growth %--15.63%-82.39%-93.47%-65.93%5.6%9.32%44.04%
EBITDA-109.78M-119.56M-231.84M-467.1M-670.64M-268.88M-346.17M38.37M
EBITDA Margin %-28.83%-22.07%-30.01%-42.06%-48.21%-12.29%-19.09%2.07%
EBITDA Growth %--8.9%-93.92%-101.48%-43.58%59.91%-28.75%111.08%
D&A (Non-Cash Add-back)20.52M31.11M42.97M64.57M211.58M563.92M408.98M460.94M
EBIT-130.3M-150.67M-274.81M-530.1M-875.02M-773.26M-643.59M-422.57M
Net Interest Income-2.33M-2.57M-5.41M435K-212K34.95M88.02M-24.01M
Interest Income0001.57M7.19M59.53M111.56M0
Interest Expense2.33M2.57M5.41M1.13M7.4M24.58M23.54M24.01M
Other Income/Expense-2.33M-2.57M-5.41M435K-212K34.95M88.02M27.37M
Pretax Income
-132.63M▲ 0%
-153.24M▼ 15.5%
-280.22M▼ 82.9%
-531.23M▼ 89.6%
-882.42M▼ 66.1%
-797.85M▲ 9.6%
-667.13M▲ 16.4%
-395.2M▲ 40.8%
Pretax Margin %-34.83%-28.29%-36.28%-47.84%-63.44%-36.48%-36.79%-21.37%
Income Tax-1.03M9.95M2.09M1.38M37.06M28.48M-2.85M6.29M
Effective Tax Rate %0.77%-6.49%-0.75%-0.26%-4.2%-3.57%0.43%-1.59%
Net Income
-131.6M▲ 0%
-163.19M▼ 24.0%
-282.31M▼ 73.0%
-532.61M▼ 88.7%
-919.49M▼ 72.6%
-822.01M▲ 10.6%
-664.11M▲ 19.2%
-402.76M▲ 39.4%
Net Margin %-34.56%-30.12%-36.55%-47.96%-66.1%-37.58%-36.63%-21.78%
Net Income Growth %--24%-72.99%-88.66%-72.64%10.6%19.21%39.35%
Net Income (Continuing)-131.6M-163.19M-282.31M-532.61M-919.49M-826.32M-664.29M-401.49M
Discontinued Operations00000000
Minority Interest0000225.86M231.74M236.48M252.64M
EPS (Diluted)
-0.58▲ 0%
-0.72▼ 24.1%
-1.66▼ 130.6%
-1.89▼ 13.9%
-2.96▼ 56.6%
-2.16▲ 27.0%
-1.68▲ 22.2%
-0.96▲ 42.9%
EPS Growth %--24.14%-130.56%-13.86%-56.61%27.03%22.22%42.86%
EPS (Basic)-0.58-0.72-1.66-1.89-2.96-2.16-1.68-0.96
Diluted Shares Outstanding228.21M228.21M169.97M282.19M310.5M380.46M395.95M420.91M
Basic Shares Outstanding228.21M228.21M169.97M282.19M310.5M380.46M395.95M420.91M
Dividend Payout Ratio--------

U Balance Sheet

Unity Software Inc. (U) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets438.63M367.42M2.08B2.15B2.36B2.32B2.23B2.81B
Cash & Short-Term Investments258.73M129.96M1.75B1.74B1.59B1.59B1.52B2.06B
Cash Only258.73M129.96M1.27B1.06B1.49B1.59B1.52B2.06B
Short-Term Investments00479.41M681.32M101.71M000
Accounts Receivable152.48M204.9M274.25M340.49M633.77M611.72M573.88M643.61M
Days Sales Outstanding146.17138.04129.59111.91166.3102.08115.52127.01
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets13.9M9.42M22.4M00122.84M133.79M113.01M
Total Non-Current Assets150.68M395.44M590.57M2.69B5.47B4.92B4.51B4.03B
Property, Plant & Equipment67.87M78.98M199.15M106.11M121.86M140.89M98.82M68.29M
Fixed Asset Turnover5.61x6.86x3.88x10.47x11.41x15.53x18.35x27.09x
Goodwill45.41M218.31M286.25M1.62B3.2B3.17B3.17B3.17B
Intangible Assets9.1M62.03M57.46M814.39M1.92B1.41B1.07B650.54M
Long-Term Investments00000010.2M8.5M
Other Non-Current Assets28.3M36.13M47.7M149.62M224.29M204.61M170.5M131.51M
Total Assets
589.3M▲ 0%
762.86M▲ 29.5%
2.67B▲ 250.2%
4.84B▲ 81.2%
7.83B▲ 61.8%
7.24B▼ 7.5%
6.74B▼ 7.0%
6.84B▲ 1.5%
Asset Turnover0.65x0.71x0.29x0.23x0.18x0.30x0.27x0.27x
Asset Growth %-29.45%250.16%81.24%61.81%-7.54%-6.99%1.49%
Total Current Liabilities253.74M336.53M503.22M626.15M1.01B894.1M889.49M1.53B
Accounts Payable9.34M10.71M11.3M14.01M20.22M14.52M13.95M13.98M
Days Payables Outstanding41.9332.9523.9420.1616.687.2210.5910.68
Short-Term Debt00000033.7M556.45M
Deferred Revenue (Current)54.97M85.98M113.85M140.53M218.1M186.77M186.3M224.41M
Other Current Liabilities23.65M30.25M52.77M60.21M121.65M90.75M40.34M601.98M
Current Ratio1.73x1.09x4.13x3.44x2.34x2.60x2.50x1.84x
Quick Ratio1.73x1.09x4.13x3.44x2.34x2.60x2.50x1.84x
Cash Conversion Cycle--------
Total Non-Current Liabilities19.44M32.42M130.86M1.82B3.07B2.93B2.42B1.82B
Long-Term Debt0001.7B2.71B2.71B2.24B1.74B
Capital Lease Obligations0098.53M92.54M0081.09M60.96M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities8.9M21.82M11.8M9.29M258.96M217.19M83.91M738K
Total Liabilities273.17M368.95M634.08M2.45B4.08B3.83B3.31B3.34B
Total Debt00123.91M1.82B2.71B2.71B2.35B2.39B
Net Debt-258.73M-129.96M-1.15B763.53M1.22B1.12B836.05M329.85M
Debt / Equity--0.06x0.76x0.72x0.79x0.69x0.68x
Debt / EBITDA-------62.17x
Net Debt / EBITDA-------8.60x
Interest Coverage-56.00x-58.56x-50.84x-468.70x-118.18x-31.46x-27.34x-17.60x
Total Equity
316.13M▲ 0%
393.91M▲ 24.6%
2.04B▲ 417.2%
2.39B▲ 17.5%
3.75B▲ 56.8%
3.41B▼ 9.1%
3.43B▲ 0.4%
3.49B▲ 1.8%
Equity Growth %-24.61%417.16%17.54%56.79%-9.05%0.37%1.84%
Book Value per Share1.391.7311.998.4812.098.978.668.29
Total Shareholders' Equity316.13M393.91M2.04B2.39B3.53B3.18B3.19B3.24B
Common Stock1K1K2K2K2K2K2K2K
Retained Earnings-352M-515.19M-797.5M-1.33B-2.25B-3.07B-3.74B-4.14B
Treasury Stock-101.72M0000000
Accumulated OCI-3.48M-3.63M-3.42M-3.86M-1.69M-5.01M-9.43M-2.16M
Minority Interest0000225.86M231.74M236.48M252.64M

U Cash Flow Statement

Unity Software Inc. (U) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-81.06M-67.94M19.91M-111.45M-59.43M234.7M315.55M422.95M
Operating CF Margin %-21.29%-12.54%2.58%-10.04%-4.27%10.73%17.4%22.87%
Operating CF Growth %-16.19%129.31%-659.68%46.67%494.91%34.45%34.04%
Net Income-131.6M-163.19M-282.31M-532.61M-919.49M-826.32M-664.29M-401.49M
Depreciation & Amortization20.52M31.11M42.97M64.57M211.58M563.92M408.98M460.94M
Stock-Based Compensation20.91M44.48M134.63M347.16M550.07M648.7M596.25M385.21M
Deferred Taxes00000000
Other Non-Cash Items789K133K66.86M13.84M21.42M24.61M-15.27M-40.55M
Working Capital Changes8.32M19.53M57.76M-4.41M77M-176.2M-10.12M18.84M
Change in Receivables-30.97M-49.42M-63.29M-65.15M-9.55M21.79M37.36M-69.08M
Change in Inventory00000000
Change in Payables-488K473K-2.53M2.02M-17.57M-6.31M742K-545K
Cash from Investing-40.04M-219.54M-575.19M-1.84B723.23M44.04M-42.41M-24.02M
Capital Expenditures-38.02M-27.04M-40.16M-41.94M-57.14M-55.92M-29.55M-19.02M
CapEx % of Revenue9.99%4.99%5.2%3.78%4.11%2.56%1.63%1.03%
Acquisitions-2.02M-192.51M-52.48M-1.58B121.53M000
Investments--------
Other Investing00-750K000-12.86M-3M
Cash from Financing148.25M161.47M1.7B1.72B-226.63M-174.01M-338.31M110.09M
Debt Issued (Net)0001.73B1B0-415M0
Equity Issued (Net)144.95M150.03M1.67B0-1.5B-250M76.69M0
Dividends Paid00000000
Share Repurchases0-435.09M-110K0-1.5B-250M00
Other Financing3.3M11.44M34.01M-4M273.37M75.98M0110.09M
Net Change in Cash
27.14M▲ 0%
-126.18M▼ 564.9%
1.15B▲ 1008.9%
-227.35M▼ 119.8%
439.09M▲ 293.1%
98.58M▼ 77.5%
-76.39M▼ 177.5%
536.42M▲ 802.2%
Free Cash Flow
-119.08M▲ 0%
-94.97M▲ 20.2%
-20.99M▲ 77.9%
-153.39M▼ 630.7%
-116.57M▲ 24.0%
178.78M▲ 253.4%
273.14M▲ 52.8%
403.93M▲ 47.9%
FCF Margin %-31.27%-17.53%-2.72%-13.81%-8.38%8.17%15.06%21.84%
FCF Growth %-20.24%77.9%-630.66%24%253.37%52.78%47.88%
FCF per Share-0.52-0.42-0.12-0.54-0.380.470.690.96
FCF Conversion (FCF/Net Income)0.62x0.42x-0.07x0.21x0.06x-0.29x-0.48x-1.05x
Interest Paid001.39M110K020.39M20M0
Taxes Paid3.35M1.19M19.96M5.65M25.21M22.47M26.36M0

U Key Ratios

Unity Software Inc. (U) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-41.63%-45.97%-23.23%-24.04%-29.91%-22.93%-19.41%-11.65%
Return on Invested Capital (ROIC)-170.27%-70.33%-35.77%-19.71%-16.27%-13.13%-12.87%-7.84%
Gross Margin78.66%78.11%77.69%77.16%68.19%66.46%73.48%74.17%
Net Margin-34.56%-30.12%-36.55%-47.96%-66.1%-37.58%-36.63%-21.78%
Debt / Equity--0.06x0.76x0.72x0.79x0.69x0.68x
Interest Coverage-56.00x-58.56x-50.84x-468.70x-118.18x-31.46x-27.34x-17.60x
FCF Conversion0.62x0.42x-0.07x0.21x0.06x-0.29x-0.48x-1.05x
Revenue Growth-42.29%42.58%43.77%25.26%57.25%-17.1%2.01%

U SEC Filings & Documents

Unity Software Inc. (U) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 26, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Feb 10, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

5
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

U Frequently Asked Questions

Unity Software Inc. (U) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Unity Software Inc. (U) reported $1.85B in revenue for fiscal year 2025. This represents a 386% increase from $380.8M in 2018.

Unity Software Inc. (U) grew revenue by 2.0% over the past year. Growth has been modest.

Unity Software Inc. (U) reported a net loss of $402.8M for fiscal year 2025.

Dividend & Returns

Unity Software Inc. (U) has a return on equity (ROE) of -11.6%. Negative ROE indicates the company is unprofitable.

Unity Software Inc. (U) generated $403.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More U

Unity Software Inc. (U) financial analysis — history, returns, DCA and operating performance tools

Full U Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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