Revenue fell about 19% from $157.5M in 2024Q4 to $127.9M in 2027Q1 while gross margin oscillated between -0.3% and 9.8%, indicating weak pricing power and high sensitivity to utilization.
Unifi, Inc. (UFI) annual income statement — 30-year revenue, gross profit & net income history
| Metric | TTM | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 |
|---|
| Sales/Revenue | 523.55M | 531.3M | 571.34M | 582.21M | 623.53M | 815.76M | 815.76M | 606.51M | 708.8M | 678.91M | 647.27M | 643.64M | 687.12M | 687.9M | 713.96M | 705.09M | 707.84M | 616.75M | 553.66M | 713.35M | 690.31M | 738.83M | 799.45M | 746.46M | 849.12M | 914.72M | 1.13B | 1.28B | 1.25B | 1.38B | 1.7B |
| Revenue Growth % | -7.77% | -7.01% | -1.87% | -6.63% | -23.56% | 0% | 34.5% | -14.43% | 4.4% | 4.89% | 0.56% | -6.33% | -0.11% | -3.65% | 1.26% | -0.39% | 14.77% | 11.39% | -22.39% | 3.34% | -6.57% | -7.58% | 7.1% | -12.09% | -7.17% | -19.13% | -11.66% | 2.33% | -9.18% | -19.2% | 6.34% |
| Cost of Goods Sold | 484M | 500.85M | 562.93M | 565.59M | 609.29M | 735.27M | 735.27M | 567.47M | 642.5M | 592.48M | 553.11M | 550M | 596.42M | 604.64M | 640.86M | 650.69M | 634.88M | 545.25M | 525.16M | 662.76M | 652.74M | 696.05M | 768.71M | 708.01M | 777.81M | 840.16M | 1.03B | 1.03B | 986.7M | 1.08B | 1.39B |
| COGS % of Revenue | - | 94.27% | 98.53% | 97.15% | 97.72% | 90.13% | 90.13% | 93.56% | 90.65% | 87.27% | 85.45% | 85.45% | 86.8% | 87.9% | 89.76% | 92.29% | 89.69% | 88.41% | 94.85% | 92.91% | 94.56% | 94.21% | 96.16% | 94.85% | 91.6% | 91.85% | 91.41% | 80.15% | 78.86% | 78.4% | 81.28% |
| Gross Profit | 39.55M | 30.46M | 8.42M | 16.62M | 14.24M | 80.48M | 80.48M | 39.04M | 66.31M | 86.43M | 94.16M | 93.63M | 90.7M | 83.26M | 73.1M | 54.4M | 72.96M | 71.5M | 28.51M | 50.58M | 37.56M | 42.77M | 30.73M | 38.45M | 71.3M | 74.55M | 97.11M | 254.1M | 264.5M | 297.5M | 319.1M |
| Gross Margin % | 7.55% | 5.73% | 1.47% | 2.85% | 2.28% | 9.87% | 9.87% | 6.44% | 9.35% | 12.73% | 14.55% | 14.55% | 13.2% | 12.1% | 10.24% | 7.71% | 10.31% | 11.59% | 5.15% | 7.09% | 5.44% | 5.79% | 3.84% | 5.15% | 8.4% | 8.15% | 8.59% | 19.85% | 21.14% | 21.6% | 18.72% |
| Gross Profit Growth % | - | 261.8% | -49.34% | 16.68% | -82.31% | 0% | 106.16% | -41.12% | -23.28% | -8.22% | 0.57% | 3.23% | 8.94% | 13.9% | 34.39% | -25.44% | 2.04% | 150.82% | -43.64% | 34.65% | -12.17% | 39.17% | -20.06% | -46.08% | -4.36% | -23.23% | -61.78% | -3.93% | -11.09% | -6.77% | 14.95% |
| Operating Expenses | 44.59M | 45.1M | 17.94M | 54.04M | 55.11M | 51.89M | 51.89M | 47.86M | 55.35M | 57.63M | 50.4M | 51.43M | 52.22M | 51.78M | 50.42M | 45.76M | 43.09M | 45.27M | 36.05M | 47.79M | 52.06M | 42.79M | 56.62M | 53.32M | 57.61M | 57.38M | 71.48M | 157.28M | 145.2M | 113M | 134.1M |
| OpEx % of Revenue | - | 8.49% | 3.14% | 9.28% | 8.84% | 6.36% | 6.36% | 7.89% | 7.81% | 8.49% | 7.79% | 7.99% | 7.6% | 7.53% | 7.06% | 6.49% | 6.09% | 7.34% | 6.51% | 6.7% | 7.54% | 5.79% | 7.08% | 7.14% | 6.78% | 6.27% | 6.32% | 12.28% | 11.6% | 8.2% | 7.87% |
| Selling, General & Admin | 44.26M | 44.68M | 49.01M | 46.63M | 47.34M | 52.49M | 52.49M | 43.81M | 52.69M | 56.08M | 50.83M | 47.5M | 49.67M | 46.2M | 47.39M | 43.48M | 42.97M | 46.18M | 39.12M | 47.79M | 52.06M | 42.79M | 56.62M | 53.32M | 57.61M | 57.38M | 71.48M | 66.76M | 55.3M | 43.3M | 46.2M |
| SG&A % of Revenue | - | 8.41% | 8.58% | 8.01% | 7.59% | 6.43% | 6.43% | 7.22% | 7.43% | 8.26% | 7.85% | 7.38% | 7.23% | 6.72% | 6.64% | 6.17% | 6.07% | 7.49% | 7.07% | 6.7% | 7.54% | 5.79% | 7.08% | 7.14% | 6.78% | 6.27% | 6.32% | 5.21% | 4.42% | 3.14% | 2.71% |
| Research & Development | 500K | 0 | 0 | 9.6M | 10.87M | 0 | 0 | 0 | 12.36M | 7.79M | 7.18M | 6.91M | 8.11M | 7.92M | 7.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | 1.65% | 1.74% | - | - | - | 1.74% | 1.15% | 1.11% | 1.07% | 1.18% | 1.15% | 0.99% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 423K | -31.07M | -2.19M | -3.1M | -603K | -603K | 4.05M | 2.66M | 1.55M | -433K | 2.25M | 1.32M | -126K | -218K | 2.28M | 121K | -910K | -3.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90.53M | 89.9M | 69.7M | 87.9M |
| Operating Income | -5.04M | -14.65M | -9.52M | -37.42M | -40.87M | 28.6M | 28.6M | -8.82M | 15.56M | 28.8M | 43.77M | 42.2M | 38.49M | 31.48M | 22.68M | 8.63M | 28.69M | 26.23M | -7.54M | -1.23M | -14.34M | 234K | -25.55M | -42.59M | 13.69M | 17.17M | 25.63M | 96.81M | 119.3M | 184.5M | 185M |
| Operating Margin % | -0.96% | -2.76% | -1.67% | -6.43% | -6.55% | 3.51% | 3.51% | -1.45% | 2.19% | 4.24% | 6.76% | 6.56% | 5.6% | 4.58% | 3.18% | 1.22% | 4.05% | 4.25% | -1.36% | -0.17% | -2.08% | 0.03% | -3.2% | -5.71% | 1.61% | 1.88% | 2.27% | 7.56% | 9.53% | 13.39% | 10.85% |
| Operating Income Growth % | - | -53.87% | 74.56% | 8.44% | -242.91% | 0% | 424.21% | -156.7% | -45.98% | -34.2% | 3.72% | 9.65% | 22.24% | 38.81% | 162.75% | -69.92% | 9.4% | 447.88% | -512.43% | 91.41% | -6227.35% | 100.92% | 40.01% | -411.06% | -20.27% | -32.99% | -73.53% | -18.85% | -35.34% | -0.27% | 22.76% |
| EBITDA | 18.79M | 9.4M | 15.76M | -9.75M | -13.69M | 54.81M | 53.89M | 14.83M | 38.56M | 51.38M | 64.14M | 59.17M | 56.53M | 49.38M | 47.27M | 35.77M | 54.67M | 53.64M | 24.93M | 40.34M | 30.52M | 50.18M | 27.34M | 22.14M | 86.73M | 95.9M | 115.78M | 187.34M | 209.2M | 254.2M | 272.9M |
| EBITDA Margin % | 3.59% | 1.77% | 2.76% | -1.68% | -2.19% | 6.72% | 6.61% | 2.45% | 5.44% | 7.57% | 9.91% | 9.19% | 8.23% | 7.18% | 6.62% | 5.07% | 7.72% | 8.7% | 4.5% | 5.66% | 4.42% | 6.79% | 3.42% | 2.97% | 10.21% | 10.48% | 10.24% | 14.63% | 16.72% | 18.45% | 16.01% |
| EBITDA Growth % | 193.02% | -40.36% | 261.65% | 28.74% | -124.97% | 1.7% | 263.35% | -61.53% | -24.96% | -19.88% | 8.4% | 4.67% | 14.48% | 4.47% | 32.15% | -34.58% | 1.91% | 115.14% | -38.2% | 32.19% | -39.18% | 83.51% | 23.51% | -74.47% | -9.56% | -17.17% | -38.2% | -10.45% | -17.7% | -6.85% | 17.38% |
| D&A (Non-Cash Add-back) | 23.83M | 24.05M | 25.28M | 27.67M | 27.19M | 26.21M | 25.29M | 23.65M | 23M | 22.59M | 20.37M | 16.97M | 18.04M | 17.9M | 24.58M | 27.14M | 25.98M | 27.42M | 32.47M | 41.57M | 44.86M | 49.95M | 52.89M | 64.73M | 73.04M | 78.72M | 90.15M | 90.53M | 89.9M | 69.7M | 87.9M |
| EBIT | -3.22M | -13.22M | -9.11M | -35.67M | -37.87M | 29.91M | 29.91M | -51.49M | 15.43M | 35.15M | 47.04M | 51.71M | 57.84M | 52.21M | 33.5M | 24.92M | 51.61M | 40.26M | -21.61M | -4.27M | -14.49M | -20K | -24.3M | -7.95M | 19.86M | 17.17M | 25.63M | 96.81M | 118.08M | 184.5M | 185M |
| Net Interest Income | -4.46M | -5.11M | -8.63M | -7.73M | -5.47M | -1.56M | -1.56M | -4.06M | -4.79M | -4.38M | -3.06M | -2.92M | -3.11M | -2.54M | -3.79M | -14.15M | -16.68M | -18.76M | -20.22M | -23.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.79M | 1.69M | 888K | 2.14M | 2.11M | 1.52M | 1.52M | 722K | 628K | 560K | 517K | 610K | 916K | 1.79M | 698K | 1.92M | 2.51M | 3.13M | 2.93M | 2.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.25M | 6.8M | 9.52M | 9.86M | 7.58M | 3.08M | 3.08M | 4.78M | 5.41M | 4.93M | 3.58M | 3.53M | 4.03M | 4.33M | 4.49M | 16.07M | 19.19M | 21.89M | 23.15M | 26.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -4.81M | -5.38M | -9.11M | -8.12M | -4.57M | -1.77M | -1.77M | -47.44M | -949K | 1.41M | -493K | 6.04M | 15.33M | 16.4M | 6.55M | 217K | 3.73M | -7.02M | -37.22M | -10.95M | -125.52M | -16.13M | -9.26M | -60.52M | -27.94M | -25.34M | -81.9M | -41.11M | -30.69M | 7.2M | -10.7M |
| Pretax Income | -9.85M | -20.03M | -18.63M | -45.54M | -45.44M | 26.83M | 26.83M | -56.27M | 10.01M | 30.21M | 43.27M | 48.24M | 53.81M | 47.88M | 29.01M | 8.85M | 32.42M | 18.37M | -48.05M | -30.33M | -139.86M | -15.9M | -34.85M | -95.13M | -29.71M | -8.17M | -56.27M | 55.71M | 87.4M | 191.7M | 174.3M |
| Pretax Margin % | -1.88% | -3.77% | -3.26% | -7.82% | -7.29% | 3.29% | 3.29% | -9.28% | 1.41% | 4.45% | 6.69% | 7.5% | 7.83% | 6.96% | 4.06% | 1.26% | 4.58% | 2.98% | -8.68% | -4.25% | -20.26% | -2.15% | -4.36% | -12.74% | -3.5% | -0.89% | -4.97% | 4.35% | 6.99% | 13.92% | 10.22% |
| Income Tax | 5.38M | 4.53M | 1.72M | 1.86M | 901K | 11.66M | 11.66M | 972K | 7.55M | -1.49M | 10.9M | 15.07M | 13.35M | 20.16M | 13.34M | -1.98M | 7.33M | 7.69M | 4.3M | -10.95M | -22.09M | -1.17M | -14.1M | -25.34M | -2.53M | -2.09M | -11.6M | 17.68M | 28.4M | 62.8M | 58.6M |
| Effective Tax Rate % | -54.57% | -22.64% | -9.23% | -4.08% | -1.98% | 43.45% | 43.45% | -1.73% | 75.47% | -4.94% | 25.18% | 31.24% | 24.8% | 42.11% | 45.99% | -22.36% | 22.62% | 41.84% | -8.95% | 36.1% | 15.79% | 7.36% | 40.46% | 26.63% | 8.52% | 25.62% | 20.61% | 31.73% | 32.49% | 32.76% | 33.62% |
| Net Income | -15.22M | -24.56M | -20.35M | -47.4M | -46.34M | 15.17M | 15.17M | -57.24M | 2.46M | 31.7M | 32.88M | 34.41M | 42.15M | 28.82M | 16.64M | 11.49M | 25.09M | 10.69M | -52.28M | -16.15M | -116.31M | -14.37M | -41.23M | -69.79M | -27.18M | -43.92M | -44.67M | 38.03M | 56.2M | 124.3M | 115.7M |
| Net Margin % | -2.91% | -4.62% | -3.56% | -8.14% | -7.43% | 1.86% | 1.86% | -9.44% | 0.35% | 4.67% | 5.08% | 5.35% | 6.13% | 4.19% | 2.33% | 1.63% | 3.54% | 1.73% | -9.44% | -2.26% | -16.85% | -1.94% | -5.16% | -9.35% | -3.2% | -4.8% | -3.95% | 2.97% | 4.49% | 9.02% | 6.79% |
| Net Income Growth % | 72.98% | -20.71% | 57.07% | -2.27% | -405.48% | 0% | 126.51% | -2430.5% | -92.25% | -3.57% | -4.47% | -18.35% | 46.24% | 73.27% | 44.77% | -54.2% | 134.81% | 120.44% | -223.72% | 86.11% | -709.59% | 65.15% | 40.93% | -156.81% | 38.13% | 1.68% | -217.46% | -32.33% | -54.79% | 7.43% | 59.59% |
| Net Income (Continuing) | -15.22M | -24.56M | -20.35M | -47.4M | -46.34M | 15.17M | 15.17M | -57.24M | 2.46M | 31.7M | 32.38M | 33.17M | 40.47M | 27.72M | 15.67M | 10.83M | 25.09M | 10.69M | -49.06M | -19.38M | -117.77M | -14.73M | -21.28M | -44.15M | -16.09M | -6.07M | -44.67M | 38.03M | 59.03M | 128.9M | 115.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 530K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.91M | 1.6M | 1.72M | 1.57M | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 | 182K | 4.56M | 10.9M | 11.16M | 11.29M | 16.68M | 17.2M | 16.4M | 0 |
| EPS (Diluted) | -0.82 | -1.33 | -1.11 | -2.61 | -2.57 | 0.80 | 0.80 | -3.10 | 0.13 | 1.70 | 1.78 | 1.87 | 2.24 | 1.47 | 0.80 | 0.56 | 1.22 | 0.51 | -2.54 | -0.80 | -6.21 | -0.83 | -2.40 | -4.05 | -1.51 | -2.45 | -2.49 | 1.95 | 2.79 | 6.03 | 5.43 |
| EPS Growth % | 73.38% | -19.82% | 57.47% | -1.56% | -421.25% | 0% | 125.81% | -2484.62% | -92.35% | -4.49% | -4.81% | -16.52% | 52.38% | 83.75% | 42.86% | -54.1% | 139.22% | 120.08% | -217.5% | 87.12% | -648.19% | 65.42% | 40.74% | -168.21% | 38.37% | 1.61% | -227.69% | -30.11% | -53.73% | 11.05% | 66.05% |
| EPS (Basic) | - | -1.33 | -1.11 | -2.61 | -2.57 | 0.82 | 0.82 | -3.10 | 0.13 | 1.73 | 1.81 | 1.93 | 2.32 | 1.52 | 0.84 | 0.57 | 1.25 | 0.54 | -2.54 | -0.80 | -6.21 | -0.83 | -2.40 | -4.05 | -1.53 | -2.46 | -2.49 | 1.95 | 2.79 | 6.09 | 5.49 |
| Diluted Shares Outstanding | 18.59M | 18.49M | 18.31M | 18.15M | 18.06M | 18.87M | 18.87M | 18.48M | 18.7M | 18.64M | 18.44M | 18.41M | 18.84M | 19.62M | 20.7M | 20.39M | 20.48M | 20.47M | 20.61M | 20.19M | 18.73M | 17.38M | 17.19M | 17.23M | 17.94M | 17.91M | 17.97M | 19.5M | 20.16M | 20.61M | 21.31M |
| Basic Shares Outstanding | 18.59M | 18.49M | 18.31M | 18.15M | 18.04M | 18.43M | 18.43M | 18.48M | 18.39M | 18.29M | 18.14M | 17.86M | 18.21M | 18.92M | 19.91M | 20.09M | 20.07M | 20.32M | 20.61M | 20.19M | 18.73M | 17.38M | 17.19M | 17.23M | 17.76M | 17.86M | 17.94M | 19.5M | 20.16M | 20.41M | 21.07M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 92.39% | - | - | - | - | - | - | - | - | - | - | - | - | - | 27.59% | 24.11% |
Quick answers to the most common questions about buying UFI stock.
For fiscal year 2026, Unifi, Inc. (UFI) reported total revenue of $531.3M. This represents a 68.8% decline compared to $1.70B in 1997.
Unifi, Inc. (UFI) reported a net loss of $24.6M for the fiscal year ending 2026.
Unifi, Inc. (UFI) reported an operating income of $-14.6M, resulting in an operating profit margin of -2.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Unifi, Inc. (UFI) generated $30.5M in gross profit for the year, representing a gross profit margin of 5.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Persistent operating losses and margin erosion
Metrics are mathematically derived from official filings.
Revenue Contracting Amid Volatile Quarterly Trend
Based on reported figures, Unifi's quarterly revenue moved from $157.5M in 2024Q4 to $127.9M in 2027Q1, a roughly 19% decline that suggests sustained demand pressure in its textile business.
Year-over-year revenue growth has been negative in most recent quarters, with 2027Q1 down 5.7% and 2026Q4 down 16.4%, indicating the contraction is not a single-period anomaly. The series shows no clear recovery pattern, which suggests the top line may be tied to structural volume softness rather than temporary destocking. Investors should monitor whether the 2026Q2 stabilization of 3.0% growth represents a durable turn or a one-off.
Gross Margin Compression From Thin Pricing Power
As reported in the income statement, Unifi's gross margin fell from 6.9% in 2024Q4 to negative 0.3% in 2025Q4 before recovering to 9.8% in 2027Q1, showing high sensitivity to input and utilization swings.
The gross margin trajectory implies Unifi has limited ability to pass through raw material and energy cost changes, given how quickly margins collapsed to near zero. The recent recovery to 9.8% is encouraging but remains well below the 22.7% gross margin reported by peer Apogee, which points to a weaker competitive position in pricing. The cyclical pattern suggests earnings depend heavily on utilization and spread conditions.
Negative Operating Leverage Driven by Fixed Overhead
Based on EDBL-style reporting logic here, Unifi's SG&A has held near $11M to $14M per quarter while operating income swung from a $3.2M loss to a $13.9M loss, indicating overhead absorption has deteriorated.
Because SG&A remained relatively flat while gross profit collapsed, operating income turned increasingly negative, which suggests the cost base is not flexing with volume. Operating margin reached negative 9.5% in late 2025, a level that implies fixed overhead is consuming more than the gross profit generated. Investors should monitor whether management can reduce the SG&A base in line with revenue declines.
Net Losses Persist Despite Modest Stock Compensation
According to recent SEC filings, Unifi's diluted EPS ranged from negative $0.07 to negative $0.92 over the period, with stock-based compensation only $0.3M to $1.6M per quarter, so compensation is not the driver of losses.
The consistent net losses appear to reflect operating weakness rather than non-cash charges, since stock-based compensation is small relative to the scale of the deficits. Net margin tracked operating margin closely, which suggests limited non-operating distortion. The EPS growth figures, which show large swings from very small loss bases, are not meaningful for trend assessment and should be interpreted with caution.
Margin Recovery Thesis Faces Structural Doubts
The strongest bear case rests on Unifi's 2027Q1 gross margin of 9.8% against a 2026Q1 level of 2.5%, which may prove a short-lived rebound given revenue still declining 5.7% year over year.
Short-sellers would likely argue the recent gross margin improvement reflects temporary utilization or input-cost tailwinds rather than improved pricing power, particularly since operating income remains slightly negative at negative $24K. Revenue has not returned to growth on a sustained basis, so any margin gain achieved on shrinking volume may not be repeatable. Investors should monitor whether operating income turns durably positive before assigning value to the recovery narrative.