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6Mar 26, 2026·SEC
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Unity Software Inc. (U) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Unity Software Inc. (U) stock price & volume — 10-year historical chart
Unity Software Inc. (U) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Unity Software Inc. (U) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 11, 2026 | $0.21vs $0.20+5.0% | $503Mvs $493M+2.1% |
| Q4 2025 | Nov 5, 2025 | $0.20vs $0.18+8.4% | $471Mvs $453M+3.9% |
| Q3 2025 | Aug 6, 2025 | $0.26vs $0.14-287.9% | $441Mvs $428M+3.1% |
| Q2 2025 | May 7, 2025 | $0.19vs $0.12-262.3% | $435Mvs $416M+4.5% |
Unity Software Inc. (U) competitors in Developer tools and DevOps platforms — business model, growth, and fundamentals comparison
Unity Software Inc. (U) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Unity Software Inc. (U) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 380.75M | 541.78M | 772.45M | 1.11B | 1.39B | 2.19B | 1.81B | 1.85B |
| Revenue Growth % | - | 42.29% | 42.58% | 43.77% | 25.26% | 57.25% | -17.1% | 2.01% |
| Cost of Goods Sold | 81.27M | 118.6M | 172.35M | 253.63M | 442.5M | 733.72M | 480.85M | 477.74M |
| COGS % of Revenue | 21.34% | 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 Expenses | 429.79M | 573.85M | 874.91M | 1.39B | 1.83B | 2.29B | 2.09B | 1.79B |
| OpEx % of Revenue | 112.88% | 105.92% | 113.26% | 125.04% | 131.61% | 104.53% | 115.13% | 97.02% |
| Selling, General & Admin | 225.72M | 317.92M | 471.39M | 692.85M | 871.25M | 1.23B | 1.16B | 864.97M |
| SG&A % of Revenue | 59.28% | 58.68% | 61.03% | 62.39% | 62.63% | 56.36% | 64.12% | 46.76% |
| Research & Development | 204.07M | 255.93M | 403.51M | 695.71M | 959.49M | 1.05B | 924.83M | 929.52M |
| R&D % of Revenue | 53.6% | 47.24% | 52.24% | 62.65% | 68.98% | 48.17% | 51% | 50.25% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -346.17M | 38.37M |
| 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) | 20.52M | 31.11M | 42.97M | 64.57M | 211.58M | 563.92M | 408.98M | 460.94M |
| EBIT | -130.3M | -150.67M | -274.81M | -530.1M | -875.02M | -773.26M | -643.59M | -422.57M |
| Net Interest Income | -2.33M | -2.57M | -5.41M | 435K | -212K | 34.95M | 88.02M | -24.01M |
| Interest Income | 0 | 0 | 0 | 1.57M | 7.19M | 59.53M | 111.56M | 0 |
| Interest Expense | 2.33M | 2.57M | 5.41M | 1.13M | 7.4M | 24.58M | 23.54M | 24.01M |
| Other Income/Expense | -2.33M | -2.57M | -5.41M | 435K | -212K | 34.95M | 88.02M | 27.37M |
| 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 | -1.03M | 9.95M | 2.09M | 1.38M | 37.06M | 28.48M | -2.85M | 6.29M |
| 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 Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 225.86M | 231.74M | 236.48M | 252.64M |
| 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 Outstanding | 228.21M | 228.21M | 169.97M | 282.19M | 310.5M | 380.46M | 395.95M | 420.91M |
| Basic Shares Outstanding | 228.21M | 228.21M | 169.97M | 282.19M | 310.5M | 380.46M | 395.95M | 420.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Unity Software Inc. (U) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 438.63M | 367.42M | 2.08B | 2.15B | 2.36B | 2.32B | 2.23B | 2.81B |
| Cash & Short-Term Investments | 258.73M | 129.96M | 1.75B | 1.74B | 1.59B | 1.59B | 1.52B | 2.06B |
| Cash Only | 258.73M | 129.96M | 1.27B | 1.06B | 1.49B | 1.59B | 1.52B | 2.06B |
| Short-Term Investments | 0 | 0 | 479.41M | 681.32M | 101.71M | 0 | 0 | 0 |
| Accounts Receivable | 152.48M | 204.9M | 274.25M | 340.49M | 633.77M | 611.72M | 573.88M | 643.61M |
| Days Sales Outstanding | 146.17 | 138.04 | 129.59 | 111.91 | 166.3 | 102.08 | 115.52 | 127.01 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 13.9M | 9.42M | 22.4M | 0 | 0 | 122.84M | 133.79M | 113.01M |
| Total Non-Current Assets | 150.68M | 395.44M | 590.57M | 2.69B | 5.47B | 4.92B | 4.51B | 4.03B |
| Property, Plant & Equipment | 67.87M | 78.98M | 199.15M | 106.11M | 121.86M | 140.89M | 98.82M | 68.29M |
| Fixed Asset Turnover | 5.61x | 6.86x | 3.88x | 10.47x | 11.41x | 15.53x | 18.35x | 27.09x |
| Goodwill | 45.41M | 218.31M | 286.25M | 1.62B | 3.2B | 3.17B | 3.17B | 3.17B |
| Intangible Assets | 9.1M | 62.03M | 57.46M | 814.39M | 1.92B | 1.41B | 1.07B | 650.54M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10.2M | 8.5M |
| Other Non-Current Assets | 28.3M | 36.13M | 47.7M | 149.62M | 224.29M | 204.61M | 170.5M | 131.51M |
| 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 Turnover | 0.65x | 0.71x | 0.29x | 0.23x | 0.18x | 0.30x | 0.27x | 0.27x |
| Asset Growth % | - | 29.45% | 250.16% | 81.24% | 61.81% | -7.54% | -6.99% | 1.49% |
| Total Current Liabilities | 253.74M | 336.53M | 503.22M | 626.15M | 1.01B | 894.1M | 889.49M | 1.53B |
| Accounts Payable | 9.34M | 10.71M | 11.3M | 14.01M | 20.22M | 14.52M | 13.95M | 13.98M |
| Days Payables Outstanding | 41.93 | 32.95 | 23.94 | 20.16 | 16.68 | 7.22 | 10.59 | 10.68 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 33.7M | 556.45M |
| Deferred Revenue (Current) | 54.97M | 85.98M | 113.85M | 140.53M | 218.1M | 186.77M | 186.3M | 224.41M |
| Other Current Liabilities | 23.65M | 30.25M | 52.77M | 60.21M | 121.65M | 90.75M | 40.34M | 601.98M |
| Current Ratio | 1.73x | 1.09x | 4.13x | 3.44x | 2.34x | 2.60x | 2.50x | 1.84x |
| Quick Ratio | 1.73x | 1.09x | 4.13x | 3.44x | 2.34x | 2.60x | 2.50x | 1.84x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 19.44M | 32.42M | 130.86M | 1.82B | 3.07B | 2.93B | 2.42B | 1.82B |
| Long-Term Debt | 0 | 0 | 0 | 1.7B | 2.71B | 2.71B | 2.24B | 1.74B |
| Capital Lease Obligations | 0 | 0 | 98.53M | 92.54M | 0 | 0 | 81.09M | 60.96M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.9M | 21.82M | 11.8M | 9.29M | 258.96M | 217.19M | 83.91M | 738K |
| Total Liabilities | 273.17M | 368.95M | 634.08M | 2.45B | 4.08B | 3.83B | 3.31B | 3.34B |
| Total Debt | 0 | 0 | 123.91M | 1.82B | 2.71B | 2.71B | 2.35B | 2.39B |
| Net Debt | -258.73M | -129.96M | -1.15B | 763.53M | 1.22B | 1.12B | 836.05M | 329.85M |
| Debt / Equity | - | - | 0.06x | 0.76x | 0.72x | 0.79x | 0.69x | 0.68x |
| 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 Share | 1.39 | 1.73 | 11.99 | 8.48 | 12.09 | 8.97 | 8.66 | 8.29 |
| Total Shareholders' Equity | 316.13M | 393.91M | 2.04B | 2.39B | 3.53B | 3.18B | 3.19B | 3.24B |
| Common Stock | 1K | 1K | 2K | 2K | 2K | 2K | 2K | 2K |
| Retained Earnings | -352M | -515.19M | -797.5M | -1.33B | -2.25B | -3.07B | -3.74B | -4.14B |
| Treasury Stock | -101.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3.48M | -3.63M | -3.42M | -3.86M | -1.69M | -5.01M | -9.43M | -2.16M |
| Minority Interest | 0 | 0 | 0 | 0 | 225.86M | 231.74M | 236.48M | 252.64M |
Unity Software Inc. (U) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -81.06M | -67.94M | 19.91M | -111.45M | -59.43M | 234.7M | 315.55M | 422.95M |
| 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 & Amortization | 20.52M | 31.11M | 42.97M | 64.57M | 211.58M | 563.92M | 408.98M | 460.94M |
| Stock-Based Compensation | 20.91M | 44.48M | 134.63M | 347.16M | 550.07M | 648.7M | 596.25M | 385.21M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 789K | 133K | 66.86M | 13.84M | 21.42M | 24.61M | -15.27M | -40.55M |
| Working Capital Changes | 8.32M | 19.53M | 57.76M | -4.41M | 77M | -176.2M | -10.12M | 18.84M |
| Change in Receivables | -30.97M | -49.42M | -63.29M | -65.15M | -9.55M | 21.79M | 37.36M | -69.08M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -488K | 473K | -2.53M | 2.02M | -17.57M | -6.31M | 742K | -545K |
| Cash from Investing | -40.04M | -219.54M | -575.19M | -1.84B | 723.23M | 44.04M | -42.41M | -24.02M |
| Capital Expenditures | -38.02M | -27.04M | -40.16M | -41.94M | -57.14M | -55.92M | -29.55M | -19.02M |
| CapEx % of Revenue | 9.99% | 4.99% | 5.2% | 3.78% | 4.11% | 2.56% | 1.63% | 1.03% |
| Acquisitions | -2.02M | -192.51M | -52.48M | -1.58B | 121.53M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -750K | 0 | 0 | 0 | -12.86M | -3M |
| Cash from Financing | 148.25M | 161.47M | 1.7B | 1.72B | -226.63M | -174.01M | -338.31M | 110.09M |
| Debt Issued (Net) | 0 | 0 | 0 | 1.73B | 1B | 0 | -415M | 0 |
| Equity Issued (Net) | 144.95M | 150.03M | 1.67B | 0 | -1.5B | -250M | 76.69M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -435.09M | -110K | 0 | -1.5B | -250M | 0 | 0 |
| Other Financing | 3.3M | 11.44M | 34.01M | -4M | 273.37M | 75.98M | 0 | 110.09M |
| 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 | -0.38 | 0.47 | 0.69 | 0.96 |
| FCF Conversion (FCF/Net Income) | 0.62x | 0.42x | -0.07x | 0.21x | 0.06x | -0.29x | -0.48x | -1.05x |
| Interest Paid | 0 | 0 | 1.39M | 110K | 0 | 20.39M | 20M | 0 |
| Taxes Paid | 3.35M | 1.19M | 19.96M | 5.65M | 25.21M | 22.47M | 26.36M | 0 |
Unity Software Inc. (U) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| 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 Margin | 78.66% | 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 | - | - | 0.06x | 0.76x | 0.72x | 0.79x | 0.69x | 0.68x |
| Interest Coverage | -56.00x | -58.56x | -50.84x | -468.70x | -118.18x | -31.46x | -27.34x | -17.60x |
| FCF Conversion | 0.62x | 0.42x | -0.07x | 0.21x | 0.06x | -0.29x | -0.48x | -1.05x |
| Revenue Growth | - | 42.29% | 42.58% | 43.77% | 25.26% | 57.25% | -17.1% | 2.01% |
Unity Software Inc. (U) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 26, 2026·SEC
Feb 11, 2026·SEC
Feb 10, 2026·SEC
Unity Software Inc. (U) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
Unity Software Inc. (U) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates