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Unity Software Inc. (U) 10-Year Financial Performance & Capital Metrics

U • • Industrial / General
TechnologyApplication SoftwareDesign & Engineering SoftwareCAD/Engineering Design
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 $1.81B -17.1%
  • EBITDA -$346M -28.7%
  • Net Income -$664M +19.2%
  • EPS (Diluted) -1.68 +22.2%
  • Gross Margin 73.48% +10.6%
  • EBITDA Margin -19.09% -55.3%
  • Operating Margin -41.65% -9.4%
  • Net Margin -36.63% +2.5%
  • ROE -19.41% +15.3%
  • ROIC -12.87% +2.0%
  • Debt/Equity 0.69 -13.5%
  • Interest Coverage -32.08 +5.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 15.1% free cash flow margin
  • ✓Momentum leader: RS Rating 86 (top 14%)
  • ✓Strong 5Y sales CAGR of 27.3%

✗Weaknesses

  • ✗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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y27.33%
3Y17.75%
TTM-8.23%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM45.16%

EPS CAGR

10Y-
5Y-
3Y-
TTM48.53%

ROCE

10Y Avg-22.46%
5Y Avg-15.77%
3Y Avg-13.67%
Latest-12.38%

Peer Comparison

CAD/Engineering Design
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Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+380.75M541.78M772.45M1.11B1.39B2.19B1.81B
Revenue Growth %-0.42%0.43%0.44%0.25%0.57%-0.17%
Cost of Goods Sold+81.27M118.6M172.35M253.63M442.5M733.72M480.85M
COGS % of Revenue0.21%0.22%0.22%0.23%0.32%0.34%0.27%
Gross Profit+299.49M423.18M600.1M856.9M948.52M1.45B1.33B
Gross Margin %0.79%0.78%0.78%0.77%0.68%0.66%0.73%
Gross Profit Growth %-0.41%0.42%0.43%0.11%0.53%-0.08%
Operating Expenses+429.79M573.85M874.91M1.39B1.83B2.29B2.09B
OpEx % of Revenue1.13%1.06%1.13%1.25%1.32%1.05%1.15%
Selling, General & Admin225.72M317.92M471.39M692.85M871.25M1.23B1.16B
SG&A % of Revenue0.59%0.59%0.61%0.62%0.63%0.56%0.64%
Research & Development204.07M255.93M403.51M695.71M959.49M1.05B924.83M
R&D % of Revenue0.54%0.47%0.52%0.63%0.69%0.48%0.51%
Other Operating Expenses0000000
Operating Income+-130.3M-150.67M-274.81M-531.66M-882.21M-832.79M-755.15M
Operating Margin %-0.34%-0.28%-0.36%-0.48%-0.63%-0.38%-0.42%
Operating Income Growth %--0.16%-0.82%-0.93%-0.66%0.06%0.09%
EBITDA+-109.78M-119.56M-231.84M-467.1M-670.64M-268.88M-346.17M
EBITDA Margin %-0.29%-0.22%-0.3%-0.42%-0.48%-0.12%-0.19%
EBITDA Growth %--0.09%-0.94%-1.01%-0.44%0.6%-0.29%
D&A (Non-Cash Add-back)20.52M31.11M42.97M64.57M211.58M563.92M408.98M
EBIT-130.3M-150.67M-274.81M-530.1M-875.02M-773.26M-643.59M
Net Interest Income+-2.33M-2.57M-5.41M435K-212K34.95M88.02M
Interest Income0001.57M7.19M59.53M111.56M
Interest Expense2.33M2.57M5.41M1.13M7.4M24.58M23.54M
Other Income/Expense-2.33M-2.57M-5.41M435K-212K34.95M88.02M
Pretax Income+-132.63M-153.24M-280.22M-531.23M-882.42M-797.85M-667.13M
Pretax Margin %-0.35%-0.28%-0.36%-0.48%-0.63%-0.36%-0.37%
Income Tax+-1.03M9.95M2.09M1.38M37.06M28.48M-2.85M
Effective Tax Rate %0.99%1.06%1.01%1%1.04%1.03%1%
Net Income+-131.6M-163.19M-282.31M-532.61M-919.49M-822.01M-664.11M
Net Margin %-0.35%-0.3%-0.37%-0.48%-0.66%-0.38%-0.37%
Net Income Growth %--0.24%-0.73%-0.89%-0.73%0.11%0.19%
Net Income (Continuing)-131.6M-163.19M-282.31M-532.61M-919.49M-826.32M-664.29M
Discontinued Operations0000000
Minority Interest0000225.86M231.74M236.48M
EPS (Diluted)+-0.58-0.72-1.66-1.89-2.96-2.16-1.68
EPS Growth %--0.24%-1.31%-0.14%-0.57%0.27%0.22%
EPS (Basic)-0.58-0.72-1.66-1.89-2.96-2.16-1.68
Diluted Shares Outstanding228.21M228.21M169.97M282.19M310.5M380.46M395.95M
Basic Shares Outstanding228.21M228.21M169.97M282.19M310.5M380.46M395.95M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+438.63M367.42M2.08B2.15B2.36B2.32B2.23B
Cash & Short-Term Investments258.73M129.96M1.75B1.74B1.59B1.59B1.52B
Cash Only258.73M129.96M1.27B1.06B1.49B1.59B1.52B
Short-Term Investments00479.41M681.32M101.71M00
Accounts Receivable152.48M204.9M274.25M340.49M633.77M611.72M573.88M
Days Sales Outstanding146.17138.04129.59111.91166.3102.08115.52
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets13.9M9.42M22.4M00122.84M133.79M
Total Non-Current Assets+150.68M395.44M590.57M2.69B5.47B4.92B4.51B
Property, Plant & Equipment67.87M78.98M199.15M106.11M121.86M140.89M98.82M
Fixed Asset Turnover5.61x6.86x3.88x10.47x11.41x15.53x18.35x
Goodwill45.41M218.31M286.25M1.62B3.2B3.17B3.17B
Intangible Assets9.1M62.03M57.46M814.39M1.92B1.41B1.07B
Long-Term Investments00000010.2M
Other Non-Current Assets28.3M36.13M47.7M149.62M224.29M204.61M170.5M
Total Assets+589.3M762.86M2.67B4.84B7.83B7.24B6.74B
Asset Turnover0.65x0.71x0.29x0.23x0.18x0.30x0.27x
Asset Growth %-0.29%2.5%0.81%0.62%-0.08%-0.07%
Total Current Liabilities+253.74M336.53M503.22M626.15M1.01B894.1M889.49M
Accounts Payable9.34M10.71M11.3M14.01M20.22M14.52M13.95M
Days Payables Outstanding41.9332.9523.9420.1616.687.2210.59
Short-Term Debt00000033.7M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities23.65M30.25M52.77M60.21M121.65M90.75M40.34M
Current Ratio1.73x1.09x4.13x3.44x2.34x2.60x2.50x
Quick Ratio1.73x1.09x4.13x3.44x2.34x2.60x2.50x
Cash Conversion Cycle-------
Total Non-Current Liabilities+19.44M32.42M130.86M1.82B3.07B2.93B2.42B
Long-Term Debt0001.7B2.71B2.71B2.24B
Capital Lease Obligations0098.53M92.54M0081.09M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities8.9M21.82M11.8M9.29M258.96M217.19M83.91M
Total Liabilities273.17M368.95M634.08M2.45B4.08B3.83B3.31B
Total Debt+00123.91M1.82B2.71B2.71B2.35B
Net Debt-258.73M-129.96M-1.15B763.53M1.22B1.12B836.05M
Debt / Equity--0.06x0.76x0.72x0.79x0.69x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-56.00x-58.56x-50.84x-470.08x-119.15x-33.88x-32.08x
Total Equity+316.13M393.91M2.04B2.39B3.75B3.41B3.43B
Equity Growth %-0.25%4.17%0.18%0.57%-0.09%0%
Book Value per Share1.391.7311.998.4812.098.978.66
Total Shareholders' Equity316.13M393.91M2.04B2.39B3.53B3.18B3.19B
Common Stock1K1K2K2K2K2K2K
Retained Earnings-352M-515.19M-797.5M-1.33B-2.25B-3.07B-3.74B
Treasury Stock-101.72M000000
Accumulated OCI-3.48M-3.63M-3.42M-3.86M-1.69M-5.01M-9.43M
Minority Interest0000225.86M231.74M236.48M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-81.06M-67.94M19.91M-111.45M-59.43M234.7M315.55M
Operating CF Margin %-0.21%-0.13%0.03%-0.1%-0.04%0.11%0.17%
Operating CF Growth %-0.16%1.29%-6.6%0.47%4.95%0.34%
Net Income-131.6M-163.19M-282.31M-532.61M-919.49M-826.32M-664.29M
Depreciation & Amortization20.52M31.11M42.97M64.57M211.58M563.92M408.98M
Stock-Based Compensation20.91M44.48M134.63M347.16M550.07M648.7M596.25M
Deferred Taxes0000000
Other Non-Cash Items789K133K66.86M13.84M21.42M24.61M-15.27M
Working Capital Changes8.32M19.53M57.76M-4.41M77M-176.2M-10.12M
Change in Receivables-30.97M-49.42M-63.29M-65.15M-9.55M21.79M37.36M
Change in Inventory0000000
Change in Payables-488K473K-2.53M2.02M-17.57M-6.31M742K
Cash from Investing+-40.04M-219.54M-575.19M-1.84B723.23M44.04M-42.41M
Capital Expenditures-38.02M-27.04M-40.16M-41.94M-57.14M-55.92M-29.55M
CapEx % of Revenue0.1%0.05%0.05%0.04%0.04%0.03%0.02%
Acquisitions-------
Investments-------
Other Investing00-750K000-12.86M
Cash from Financing+148.25M161.47M1.7B1.72B-226.63M-174.01M-338.31M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing3.3M11.44M34.01M-4M273.37M75.98M0
Net Change in Cash-------
Free Cash Flow+-119.08M-94.97M-20.99M-153.39M-116.57M178.78M273.14M
FCF Margin %-0.31%-0.18%-0.03%-0.14%-0.08%0.08%0.15%
FCF Growth %-0.2%0.78%-6.31%0.24%2.53%0.53%
FCF per Share-0.52-0.42-0.12-0.54-0.380.470.69
FCF Conversion (FCF/Net Income)0.62x0.42x-0.07x0.21x0.06x-0.29x-0.48x
Interest Paid001.39M110K020.39M20M
Taxes Paid3.35M1.19M19.96M5.65M25.21M22.47M26.36M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-41.63%-45.97%-23.23%-24.04%-29.91%-22.93%-19.41%
Return on Invested Capital (ROIC)-170.27%-70.33%-35.77%-19.71%-16.27%-13.13%-12.87%
Gross Margin78.66%78.11%77.69%77.16%68.19%66.46%73.48%
Net Margin-34.56%-30.12%-36.55%-47.96%-66.1%-37.58%-36.63%
Debt / Equity--0.06x0.76x0.72x0.79x0.69x
Interest Coverage-56.00x-58.56x-50.84x-470.08x-119.15x-33.88x-32.08x
FCF Conversion0.62x0.42x-0.07x0.21x0.06x-0.29x-0.48x
Revenue Growth-42.29%42.58%43.77%25.26%57.25%-17.1%

Revenue by Segment

20202021202220232024
Operate Solutions471.16M709.14M674.95M1.33B1.2B
Operate Solutions Growth-50.51%-4.82%96.78%-9.70%
Create Solutions231.31M326.64M716.08M859.17M613.97M
Create Solutions Growth-41.21%119.23%19.98%-28.54%
Strategic Partnerships And Other69.97M74.75M---
Strategic Partnerships And Other Growth-6.83%---

Revenue by Geography

20202021202220232024
EMEA278.47M414.9M488.76M756.21M643.87M
EMEA Growth-48.99%17.80%54.72%-14.86%
UNITED STATES195.22M266.82M348.24M564.36M530.39M
UNITED STATES Growth-36.68%30.51%62.06%-6.02%
Asia Pacific Excluding China148.87M222.35M327.43M558.81M329.91M
Asia Pacific Excluding China Growth-49.35%47.26%70.66%-40.96%
China110.17M169.33M185.76M254.55M258.87M
China Growth-53.69%9.70%37.03%1.70%
Other Americas39.71M37.12M40.83M53.38M50.22M
Other Americas Growth--6.52%10.00%30.73%-5.93%

Frequently Asked Questions

Growth & Financials

Unity Software Inc. (U) reported $1.80B in revenue for fiscal year 2024. This represents a 374% increase from $380.8M in 2018.

Unity Software Inc. (U) saw revenue decline by 17.1% over the past year.

Unity Software Inc. (U) reported a net loss of $435.5M for fiscal year 2024.

Dividend & Returns

Unity Software Inc. (U) has a return on equity (ROE) of -19.4%. Negative ROE indicates the company is unprofitable.

Unity Software Inc. (U) generated $391.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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