UIHIGH SIGNALFINANCIAL10-K

Ubiquiti delivered exceptionally strong financial performance with revenue growing 33.4% to $2.6 billion while substantially reducing total debt from $708.1M to $250.0M.

The company demonstrated remarkable operational leverage with operating income expanding meaningfully faster than revenue growth, indicating strong pricing power and cost discipline. The dramatic debt reduction of 64.7% alongside robust top-line growth signals significantly improved financial flexibility and reduced leverage risk.

Comparing 2025-08-22 vs 2024-08-23View on EDGAR →
FINANCIAL ANALYSIS

Ubiquiti posted exceptional results across key metrics with revenue reaching $2.6 billion, gross profit expanding to over $1.1 billion, and operating income growing substantially to $836.3 million. The company simultaneously strengthened its balance sheet by reducing total debt by nearly $460 million while building inventory positions and growing receivables in line with business expansion. The combination of strong operational performance and deleveraging represents a significant improvement in the company's overall financial profile.

FINANCIAL STATEMENT CHANGES
Operating Income
P&L
+67.6%
$499.0M→$836.3M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Total Debt
Balance Sheet
-64.7%
$708.1M→$250.0M

Debt reduced 64.7% — deleveraging strengthens balance sheet and reduces financial risk.

Gross Profit
P&L
+51.1%
$739.8M→$1.1B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Inventory
Balance Sheet
+46.1%
$462.0M→$675.1M

Inventory surged 46.1% — growing faster than typical sales pace; potential demand softening or supply chain overcorrection.

Accounts Receivable
Balance Sheet
+44.6%
$169.1M→$244.6M

Receivables surged 44.6% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

SG&A Expense
P&L
+37.7%
$81.0M→$111.5M

SG&A up 37.7% — significant increase in sales or administrative costs, monitor impact on operating leverage.

Revenue
P&L
+33.4%
$1.9B→$2.6B

Strong top-line growth of 33.4% — accelerating demand or successful expansion into new markets.

Current Assets
Balance Sheet
+28.1%
$916.0M→$1.2B

Current assets grew 28.1% — improving short-term liquidity or inventory/receivables build.

Total Assets
Balance Sheet
+27%
$1.2B→$1.5B

Asset base grew 27% — expansion through organic growth, acquisitions, or capital deployment.

Total Liabilities
Balance Sheet
-24.7%
$1.1B→$798.2M

Liabilities reduced 24.7% — deleveraging improves balance sheet strength and financial flexibility.

LANGUAGE CHANGES
NEW — 2025-08-22
PRIOR — 2024-08-23
ADDED
As of August 21, 2025, 60,498,713 shares of common stock were issued and outstanding.
We target consumers through digital marketing, including through our webstores, retail chains and, to a lesser extent, the Ubiquiti Community.
Our revenues were $2.6 billion, $1.9 billion and $1.9 billion in the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
We reported net income of $711.9 million, $350.0 million and $407.6 million in the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
Utilizing low-cost hardware and innovative software and firmware, we seek to build price-performance solutions to address both enterprises and service providers.
+7 more — sign up free →
REMOVED
As of August 22, 2024, 60,469,583 shares of common stock were issued and outstanding.
This Annual Report on Form 10-K also contains estimates and other information concerning our industry, including market size and growth rates, which are based on industry publications, surveys and forecasts.
This information involves a number of assumptions and limitations, and you are cautioned not to give undue weight to these estimates.
These industry publications, surveys and forecasts generally indicate that their information has been obtained from sources believed to be reliable.
While we believe these industry publications, surveys and forecasts are reliable, we have not independently verified such data.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →