Ubiquiti Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $865.3M | $666.4M | $595.9M | $136.6M | $80.6M | $84.3M | $197.9M |
| Cost of Revenue | $573.3M | $469.6M | $341.6M | $333.8M | $319.0M | $185.5M | $202.5M | $117.1M |
| Gross Profit | $443.6M | $395.7M | $324.8M | $262.2M | $253.5M | $135.3M | $151.0M | $80.8M |
| Gross Margin | 43.6% | 45.7% | 48.7% | 44.0% | 185.6% | 167.9% | 179.1% | 40.8% |
| Operating Expenses | ||||||||
| Research & Development | $74.3M | $69.1M | $57.8M | $54.6M | $34.0M | $21.0M | $16.7M | $11.4M |
| SG&A Expense | $43.1M | $36.9M | $33.3M | $21.6M | $23.6M | $21.8M | $9.0M | $7.4M |
| Operating Income | $326.1M | $289.8M | $242.1M | $146.9M | $195.9M | $92.6M | $125.3M | $62.1M |
| Operating Margin | 32.1% | 33.5% | 36.3% | 24.6% | 143.4% | 114.9% | 148.6% | 31.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $314.1M | $285.0M | $239.9M | $145.7M | $194.6M | $91.8M | $124.0M | $62.2M |
| Income Tax Expense | $117.9M | $27.5M | $26.3M | $16.1M | $17.7M | $11.3M | $21.4M | $12.4M |
| Net Income | $196.3M | $257.5M | $213.6M | $129.7M | $176.9M | $80.5M | $102.6M | $49.7M |
| Net Margin | 19.3% | 29.8% | 32.1% | 21.8% | 129.5% | 99.9% | 121.7% | 25.1% |
| EPS (Basic) | $2.54 | $3.16 | $2.53 | $1.47 | $2.02 | $0.91 | $-0.12 | $0.08 |
| EPS (Diluted) | $2.51 | $3.09 | $2.49 | $1.45 | $1.97 | $0.89 | $-0.12 | $0.07 |
| Shares Outstanding (Basic) | 77.2M | 81.5M | 84.4M | 88.0M | 87.8M | 88.3M | 83.5M | 63.1M |
| Shares Outstanding (Diluted) | 78.3M | 83.3M | 85.8M | 89.6M | 89.7M | 90.3M | 83.5M | 66.9M |
| Dividends Per Share | — | $0.00 | $0.00 | $0.17 | $0.00 | $0.18 | $0.00 | $0.00 |