Ubiquiti Inc. (UI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 788.2M | 814.87M | 733.77M | 759.15M | 664.17M | 599.88M | 550.34M | 507.46M | 493M | 464.95M | 463.08M | 491.08M | 457.77M | 493.57M | 498.08M | 443.14M | 358.07M | 431.56M | 458.91M | 477.89M |
| Revenue Growth % | 18.67% | 35.84% | 33.33% | 49.6% | 34.72% | 29.02% | 18.84% | 3.33% | 7.69% | -5.8% | -7.03% | 10.82% | 27.85% | 14.37% | 8.54% | -7.27% | -23.36% | -9.98% | -3.09% | 51.46% |
| Cost of Goods Sold | 417.49M | 440.87M | 396.36M | 416.42M | 368.3M | 352.65M | 318.73M | 303.32M | 318.9M | 287.31M | 279.2M | 287.76M | 269.3M | 296.01M | 326.71M | 273.51M | 242.05M | 256.87M | 249.45M | 247.14M |
| COGS % of Revenue | 52.97% | 54.1% | 54.02% | 54.85% | 55.45% | 58.79% | 57.91% | 59.77% | 64.69% | 61.79% | 60.29% | 58.6% | 58.83% | 59.97% | 65.59% | 61.72% | 67.6% | 59.52% | 54.36% | 51.72% |
| Gross Profit | 370.71M | 374M | 337.41M | 342.73M | 295.87M | 247.23M | 231.62M | 204.14M | 174.1M | 177.65M | 183.88M | 203.33M | 188.48M | 197.56M | 171.37M | 169.63M | 116.02M | 174.7M | 209.46M | 230.75M |
| Gross Margin % | 47.03% | 45.9% | 45.98% | 45.15% | 44.55% | 41.21% | 42.09% | 40.23% | 35.31% | 38.21% | 39.71% | 41.4% | 41.17% | 40.03% | 34.41% | 38.28% | 32.4% | 40.48% | 45.64% | 48.28% |
| Gross Profit Growth % | 25.29% | 51.28% | 45.67% | 67.89% | 69.94% | 39.17% | 25.96% | 0.4% | -7.63% | -10.08% | 7.3% | 19.86% | 62.45% | 13.09% | -18.19% | -26.49% | -47.91% | -24.27% | -8.18% | 51.75% |
| Operating Expenses | 79.89M | 81.1M | 75.69M | 81.33M | 69.01M | 68.42M | 62.41M | 65.77M | 62.88M | 56.55M | 55.57M | 59.45M | 54.95M | 52.41M | 49.35M | 57.06M | 53.41M | 49.31M | 47.77M | 47.92M |
| OpEx % of Revenue | 10.14% | 9.95% | 10.31% | 10.71% | 10.39% | 11.41% | 11.34% | 12.96% | 12.75% | 12.16% | 12% | 12.11% | 12% | 10.62% | 9.91% | 12.88% | 14.92% | 11.43% | 10.41% | 10.03% |
| Selling, General & Admin | 28.08M | 30.25M | 27.14M | 33.87M | 24.75M | 28.46M | 24.41M | 21.7M | 20.38M | 19.63M | 19.29M | 18.91M | 16.74M | 18.64M | 16.7M | 19.56M | 18.15M | 16.44M | 15.71M | 16.96M |
| SG&A % of Revenue | 3.56% | 3.71% | 3.7% | 4.46% | 3.73% | 4.74% | 4.44% | 4.28% | 4.13% | 4.22% | 4.17% | 3.85% | 3.66% | 3.78% | 3.35% | 4.41% | 5.07% | 3.81% | 3.42% | 3.55% |
| Research & Development | 51.81M | 50.84M | 48.54M | 47.45M | 44.26M | 39.96M | 38M | 44.08M | 42.5M | 36.91M | 36.28M | 40.54M | 38.21M | 33.77M | 32.66M | 37.51M | 35.26M | 32.87M | 32.05M | 30.96M |
| R&D % of Revenue | 6.57% | 6.24% | 6.62% | 6.25% | 6.66% | 6.66% | 6.9% | 8.69% | 8.62% | 7.94% | 7.84% | 8.25% | 8.35% | 6.84% | 6.56% | 8.46% | 9.85% | 7.62% | 6.98% | 6.48% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 290.82M | 292.9M | 261.72M | 261.4M | 226.86M | 178.81M | 169.21M | 138.37M | 111.22M | 121.1M | 128.3M | 143.88M | 133.53M | 145.15M | 122.01M | 112.57M | 62.61M | 125.39M | 161.7M | 182.83M |
| Operating Margin % | 36.9% | 35.94% | 35.67% | 34.43% | 34.16% | 29.81% | 30.75% | 27.27% | 22.56% | 26.05% | 27.71% | 29.3% | 29.17% | 29.41% | 24.5% | 25.4% | 17.48% | 29.05% | 35.23% | 38.26% |
| Operating Income Growth % | 28.19% | 63.8% | 54.68% | 88.92% | 103.97% | 47.65% | 31.88% | -3.83% | -16.7% | -16.57% | 5.15% | 27.81% | 113.28% | 15.76% | -24.54% | -38.43% | -65.02% | -34.29% | -14.87% | 54.8% |
| EBITDA | 290.82M | 297.43M | 266.81M | 265.69M | 233.77M | 183.4M | 175.33M | 142.91M | 116.29M | 125.61M | 133.43M | 148M | 138.05M | 149.1M | 125.7M | 116.15M | 66.17M | 128.69M | 164.94M | 186.64M |
| EBITDA Margin % | 36.9% | 36.5% | 36.36% | 35% | 35.2% | 30.57% | 31.86% | 28.16% | 23.59% | 27.02% | 28.81% | 30.14% | 30.16% | 30.21% | 25.24% | 26.21% | 18.48% | 29.82% | 35.94% | 39.06% |
| EBITDA Growth % | 24.41% | 62.18% | 52.17% | 85.91% | 101.01% | 46% | 31.4% | -3.44% | -15.76% | -15.75% | 6.15% | 27.43% | 108.63% | 15.86% | -23.79% | -37.77% | -63.65% | -33.47% | -14.35% | 54.63% |
| D&A (Non-Cash Add-back) | 0 | 4.53M | 5.09M | 4.29M | 6.91M | 4.58M | 6.13M | 4.54M | 5.07M | 4.51M | 5.13M | 4.13M | 4.53M | 3.95M | 3.69M | 3.58M | 3.56M | 3.3M | 3.24M | 3.81M |
| EBIT | 290.82M | 292.9M | 261.72M | 261.4M | 226.86M | 178.81M | 169.21M | 138.37M | 111.22M | 121.1M | 128.3M | 143.88M | 133.53M | 145.15M | 122.01M | 112.57M | 62.61M | 125.39M | 161.7M | 182.83M |
| Net Interest Income | -661K | -1.59M | -3.18M | -3.19M | -5.42M | -11.44M | -10.58M | -16.81M | -18.87M | -18.26M | -21.22M | -19.8M | -16.5M | -11.27M | -10.65M | -8.03M | -3.25M | -2.72M | -3.81M | -2.52M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 661K | 1.59M | 3.18M | 3.19M | 5.42M | 11.44M | 10.58M | 16.81M | 18.87M | 18.26M | 21.22M | 19.8M | 16.5M | 11.27M | 10.65M | 8.03M | 3.25M | 2.72M | 3.81M | 2.52M |
| Other Income/Expense | -661K | -1.59M | -3.18M | -3.19M | -5.42M | -11.44M | -10.58M | -16.81M | -18.87M | -18.26M | -21.22M | -19.8M | -16.5M | -11.27M | -10.65M | -8.03M | -3.25M | -2.72M | -3.81M | -2.52M |
| Pretax Income | 290.16M | 291.31M | 258.54M | 258.21M | 221.44M | 167.37M | 158.63M | 121.56M | 92.35M | 102.84M | 107.08M | 124.07M | 117.03M | 133.88M | 111.36M | 104.54M | 59.35M | 122.67M | 157.88M | 180.31M |
| Pretax Margin % | 36.81% | 35.75% | 35.23% | 34.01% | 33.34% | 27.9% | 28.82% | 23.95% | 18.73% | 22.12% | 23.12% | 25.26% | 25.56% | 27.13% | 22.36% | 23.59% | 16.58% | 28.43% | 34.4% | 37.73% |
| Income Tax | 56.25M | 57.7M | 50.66M | -8.49M | 41.01M | 30.58M | 30.64M | 17.75M | 16.06M | 20.72M | 19.33M | 20.39M | 18.45M | 21.68M | 18.18M | 12.03M | 9M | 19.02M | 25.73M | 25.98M |
| Effective Tax Rate % | 19.38% | 19.81% | 19.6% | -3.29% | 18.52% | 18.27% | 19.32% | 14.6% | 17.39% | 20.15% | 18.05% | 16.44% | 15.77% | 16.19% | 16.33% | 11.51% | 15.16% | 15.51% | 16.3% | 14.41% |
| Net Income | 233.91M | 233.61M | 207.88M | 266.7M | 180.44M | 136.79M | 127.99M | 103.8M | 76.29M | 82.12M | 87.75M | 103.68M | 98.58M | 112.2M | 93.18M | 92.5M | 50.35M | 103.65M | 132.15M | 154.33M |
| Net Margin % | 29.68% | 28.67% | 28.33% | 35.13% | 27.17% | 22.8% | 23.26% | 20.46% | 15.47% | 17.66% | 18.95% | 21.11% | 21.53% | 22.73% | 18.71% | 20.87% | 14.06% | 24.02% | 28.8% | 32.29% |
| Net Income Growth % | 29.64% | 70.77% | 62.42% | 156.93% | 136.51% | 66.59% | 45.86% | 0.12% | -22.61% | -26.82% | -5.83% | 12.08% | 95.77% | 8.25% | -29.49% | -40.06% | -65.53% | -35.08% | -15.56% | 66.63% |
| Net Income (Continuing) | 233.91M | 233.61M | 207.88M | 266.7M | 180.44M | 136.79M | 127.99M | 103.8M | 76.29M | 82.12M | 87.75M | 103.68M | 98.58M | 112.2M | 93.18M | 92.5M | 50.35M | 103.65M | 132.15M | 154.33M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.86 | 3.86 | 3.43 | 4.41 | 2.98 | 2.26 | 2.12 | 1.72 | 1.26 | 1.36 | 1.45 | 1.72 | 1.63 | 1.86 | 1.54 | 1.53 | 0.82 | 1.66 | 2.11 | 2.46 |
| EPS Growth % | 29.53% | 70.8% | 61.79% | 156.4% | 136.51% | 66.18% | 46.21% | 0% | -22.7% | -26.88% | -5.84% | 12.42% | 98.78% | 12.05% | -27.01% | -37.8% | -64.66% | -34.65% | -14.23% | 69.66% |
| EPS (Basic) | 3.87 | 3.86 | 3.44 | 4.41 | 2.98 | 2.26 | 2.12 | 1.72 | 1.26 | 1.36 | 1.45 | 1.72 | 1.63 | 1.86 | 1.54 | 1.53 | 0.82 | 1.66 | 2.11 | 2.46 |
| Diluted Shares Outstanding | 60.57M | 60.57M | 60.56M | 60.55M | 60.55M | 60.53M | 60.49M | 60.47M | 60.46M | 60.45M | 60.45M | 60.45M | 60.45M | 60.45M | 60.45M | 60.51M | 61.44M | 62.36M | 62.56M | 62.76M |
| Basic Shares Outstanding | 60.52M | 60.5M | 60.5M | 60.49M | 60.49M | 60.47M | 60.47M | 60.46M | 60.46M | 60.45M | 60.45M | 60.44M | 60.45M | 60.43M | 60.43M | 60.49M | 61.41M | 62.32M | 62.52M | 62.71M |
| Dividend Payout Ratio | 20.7% | 20.72% | 23.28% | 13.61% | 20.12% | 26.52% | 28.35% | 34.95% | 47.55% | 44.17% | 41.33% | 34.98% | 36.79% | 32.31% | 38.91% | 39.19% | 73.2% | 36.13% | 28.38% | 16.27% |