UI Ubiquiti Inc.

Overview and Growth

Ubiquiti Inc. generated $3.27B of revenue in fiscal 2026, with net income of $960.30M and an operating cash inflow of $928.68M. Revenue of $3.27B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 27.2% from $2.57B in fiscal 2025, increasing the company’s operating scale. Diluted earnings per share were $15.85, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $11.76 in fiscal 2025, the current result was 34.8% higher. Asset turnover was 1.49x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.51B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 46.2% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $1.19B, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 36.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $960.30M, completing the progression from revenue through gross and operating profitability to the final reported result. The final earnings result represented 29.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $1.18B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 36.1%, relating income before taxes directly to revenue. The reported income-tax provision was $222.77M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 18.8%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

The company held $2.20B of assets against $757.94M of liabilities and $1.44B of equity, revealing how the asset base was financed. Current assets were $1.83B against $626.63M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.93x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $522.58M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 83.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $0.00, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.0x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 0.0%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 34.5%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 23.8%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $928.68M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 0.97x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $19.74M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 2.1%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $908.94M, leaving a positive amount after capital expenditures. Free cash flow represented 27.8% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 41.3%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.