Ubiquiti Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $2.57B | $1.93B | $1.94B | $1.69B | $1.90B | $1.28B | $1.16B |
| Cost of Revenue | $1.76B | $1.46B | $1.19B | $1.18B | $1.02B | $985.8M | $676.3M | $624.1M |
| Gross Profit | $1.51B | $1.12B | $739.8M | $760.7M | $669.8M | $912.3M | $608.2M | $537.6M |
| Gross Margin | 46.2% | 43.4% | 38.4% | 39.2% | 39.6% | 48.1% | 47.3% | 46.3% |
| Operating Expenses | ||||||||
| Research & Development | $204.2M | $169.7M | $159.8M | $145.2M | $137.7M | $116.2M | $89.4M | $82.1M |
| SG&A Expense | $121.8M | $111.5M | $81.0M | $71.0M | $69.9M | $53.5M | $40.6M | $43.2M |
| Operating Income | $1.19B | $836.3M | $499.0M | $544.6M | $462.3M | $742.6M | $478.2M | $394.3M |
| Operating Margin | 36.2% | 32.5% | 25.9% | 28.1% | 27.3% | 39.1% | 37.2% | 33.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.18B | $805.7M | $423.8M | $486.3M | $444.4M | $727.7M | $450.2M | $381.5M |
| Income Tax Expense | $222.8M | $93.7M | $73.9M | $78.7M | $65.8M | $111.1M | $69.9M | $58.8M |
| Net Income | $960.3M | $711.9M | $350.0M | $407.6M | $378.7M | $616.6M | $380.3M | $322.7M |
| Net Margin | 29.3% | 27.7% | 18.1% | 21.0% | 22.4% | 32.5% | 29.6% | 27.8% |
| EPS (Basic) | $15.87 | $11.77 | $5.79 | $6.75 | $6.14 | $9.79 | $5.81 | $4.52 |
| EPS (Diluted) | $15.85 | $11.76 | $5.79 | $6.74 | $6.13 | $9.78 | $5.80 | $4.51 |
| Shares Outstanding (Basic) | 60.5M | 60.5M | 60.5M | 60.4M | 61.7M | 63.0M | 65.4M | 71.4M |
| Shares Outstanding (Diluted) | 60.6M | 60.5M | 60.5M | 60.5M | 61.7M | 63.1M | 65.5M | 71.6M |
| Dividends Per Share | $3.20 | $2.40 | $2.40 | $2.40 | $2.40 | $1.60 | $1.20 | $1.00 |