Ubiquiti Inc. - Understand $ui stock

$UI Market Cap: $20.51 Billion

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Financial Snapshot

Revenue

$2.016B

TTM

Gross Margin

38.96%

TTM

Net Earnings

$390.2M

TTM

Current Assets

$926.5M

Q3 2024

Current Liabilities

$364.1M

Q3 2024

Current Ratio

254.47%

Q3 2024

Total Assets

$1.158B

Q3 2024

Total Liabilities

$969.8M

Q3 2024

Book Value

$188.1M

Q3 2024

Cash

$165.2M

Q3 2024

P/E

52.56

Nov 29, 2024 EST

Free Cash Flow

$695.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$1.928B	$1.941B	$1.692B	$1.898B	$1.285B	$1.162B	$1.017B	$865.3M	$666.4M	$595.9M	$136.6M	$80.60M	$84.30M	$197.9M	$137.0M	$63.10M	$22.40M
YoY Change	-0.62%	14.71%	-10.87%	47.77%	10.57%	14.25%	17.52%	29.84%	11.82%	336.27%	69.48%	-4.39%	-57.4%	44.43%	117.12%	181.7%	138.3%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$1.928B	$1.941B	$1.692B	$1.898B	$1.285B	$1.162B	$1.017B	$865.3M	$666.4M	$595.9M	$136.6M	$80.60M	$84.30M	$197.9M	$137.0M	$63.10M	$22.40M
Cost Of Revenue	$1.189B	$1.180B	$1.022B	$985.8M	$676.3M	$624.1M	$573.3M	$469.6M	$341.6M	$333.8M	$319.0M	$185.5M	$202.5M	$117.1M	$82.40M	$37.20M	$10.90M
Gross Profit	$739.8M	$760.7M	$669.8M	$912.3M	$608.2M	$537.6M	$443.6M	$395.7M	$324.8M	$262.2M	$253.5M	$135.3M	$151.0M	$80.81M	$54.50M	$25.90M	$11.50M
Gross Profit Margin	38.36%	39.2%	39.59%	48.06%	47.35%	46.28%	43.62%	45.73%	48.74%	44.0%	185.55%	167.91%	179.13%	40.84%	39.78%	41.05%	51.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$81.00M	$70.99M	$69.86M	$53.51M	$40.57M	$43.24M	$43.12M	$36.85M	$33.27M	$21.61M	$23.56M	$21.78M	$9.012M	$7.358M	$18.20M	$2.900M	$1.400M
YoY Change	14.09%	1.62%	30.55%	31.91%	-6.17%	0.27%	17.01%	10.77%	53.97%	-8.29%	8.2%	141.62%	22.48%	-59.57%	527.59%	107.14%	55.56%
% of Gross Profit	10.95%	9.33%	10.43%	5.87%	6.67%	8.04%	9.72%	9.31%	10.24%	8.24%	9.3%	16.09%	5.97%	9.11%	33.39%	11.2%	12.17%
Research & Development	$159.8M	$145.2M	$137.7M	$116.2M	$89.41M	$82.07M	$74.32M	$69.09M	$57.77M	$54.57M	$33.96M	$20.96M	$16.70M	$11.37M	$31.70M	$5.200M	$2.700M
YoY Change	10.05%	5.43%	18.52%	29.94%	8.94%	10.42%	7.57%	19.61%	5.86%	60.66%	62.07%	25.49%	46.82%	-64.12%	509.62%	92.59%	50.0%
% of Gross Profit	21.6%	19.08%	20.56%	12.73%	14.7%	15.27%	16.76%	17.46%	17.79%	20.81%	13.4%	15.48%	11.06%	14.07%	58.17%	20.08%	23.48%
Depreciation & Amortization	$19.25M	$16.29M	$13.69M	$12.10M	$7.695M	$7.556M	$7.310M	$7.103M	$6.037M	$4.971M	$2.819M	$1.963M	$602.0K	$213.0K	$100.0K	$100.0K
YoY Change	18.16%	19.02%	13.13%	57.24%	1.84%	3.37%	2.91%	17.66%	21.44%	76.34%	43.61%	226.08%	182.63%	113.0%	0.0%
% of Gross Profit	2.6%	2.14%	2.04%	1.33%	1.27%	1.41%	1.65%	1.8%	1.86%	1.9%	1.11%	1.45%	0.4%	0.26%	0.18%	0.39%
Operating Expenses	$240.8M	$216.2M	$207.5M	$169.7M	$130.0M	$143.3M	$117.4M	$105.9M	$82.74M	$115.3M	$57.52M	$42.73M	$25.71M	$18.73M	$49.90M	$8.100M	$4.100M
YoY Change	11.38%	4.15%	22.31%	30.55%	-9.3%	22.02%	10.85%	28.05%	-28.24%	100.46%	34.62%	66.19%	37.26%	-62.46%	516.05%	97.56%	51.85%
Operating Profit	$499.0M	$544.6M	$462.3M	$742.6M	$478.2M	$394.3M	$326.1M	$289.8M	$242.1M	$146.9M	$195.9M	$92.60M	$125.3M	$62.08M	$4.600M	$17.80M	$7.400M
YoY Change	-8.37%	17.8%	-37.75%	55.29%	21.28%	20.9%	12.55%	19.71%	64.8%	-25.04%	111.59%	-26.09%	101.82%	1249.57%	-74.16%	140.54%	196.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$75.17M	-$58.22M	-$17.82M	-$14.94M	-$28.00M	-$12.80M	-$12.00M	-$4.700M	-$2.100M	-$1.100M	-$1.300M	-$900.0K	-$1.300M	$100.0K	$100.0K	$100.0K	$100.0K
YoY Change	29.1%	226.83%	19.26%	-46.65%	118.75%	6.67%	155.32%	123.81%	90.91%	-15.38%	44.44%	-30.77%	-1400.0%	0.0%	0.0%	0.0%	0.0%
% of Operating Profit	-15.06%	-10.69%	-3.85%	-2.01%	-5.86%	-3.25%	-3.68%	-1.62%	-0.87%	-0.75%	-0.66%	-0.97%	-1.04%	0.16%	2.17%	0.56%	1.35%
Other Income/Expense, Net	-$75.17M	-$58.22M	-$17.82M	-$14.94M	-$28.00M	-$12.81M	-$11.99M	-$4.737M	-$2.115M	-$1.130M	-$1.334M	-$851.0K	-$1.269M	$0.00	$500.0K	$0.00	$0.00
YoY Change	29.1%	226.83%	19.26%	-46.65%	118.63%	6.87%	153.01%	123.97%	87.17%	-15.29%	56.76%	-32.94%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$423.8M	$486.3M	$444.4M	$727.7M	$450.2M	$381.5M	$314.1M	$285.0M	$239.9M	$145.7M	$194.6M	$91.75M	$124.0M	$62.16M	$5.300M	$17.90M	$7.500M
YoY Change	-12.85%	9.43%	-38.92%	61.63%	18.01%	21.44%	10.22%	18.79%	64.63%	-25.11%	112.1%	-26.02%	99.53%	1072.81%	-70.39%	138.67%	188.46%
Income Tax	$73.87M	$78.70M	$65.80M	$111.1M	$69.90M	$58.80M	$117.9M	$27.52M	$26.32M	$16.09M	$17.67M	$11.26M	$21.43M	$12.43M	$10.70M	$8.100M	$2.800M
% Of Pretax Income	17.43%	16.18%	14.8%	15.27%	15.53%	15.41%	37.52%	9.65%	10.97%	11.04%	9.08%	12.28%	17.28%	20.0%	201.89%	45.25%	37.33%
Net Earnings	$350.0M	$407.6M	$378.7M	$616.6M	$380.3M	$322.7M	$196.3M	$257.5M	$213.6M	$129.7M	$176.9M	$80.49M	$102.6M	$49.73M	-$5.500M	$9.900M	$4.700M
YoY Change	-14.15%	7.65%	-38.59%	62.13%	17.85%	64.4%	-23.77%	20.55%	64.75%	-26.72%	119.82%	-21.54%	106.3%	-1004.13%	-155.56%	110.64%	161.11%
Net Earnings / Revenue	18.15%	21.01%	22.38%	32.48%	29.61%	27.78%	19.3%	29.76%	32.06%	21.76%	129.53%	99.86%	121.7%	25.13%	-4.01%	15.69%	20.98%
Basic Earnings Per Share	$5.79	$6.75	$6.14	$9.79	$5.81	$4.52	$2.54	$3.16	$2.53	$1.47	$2.02	$0.91	-$0.12	$0.08
Diluted Earnings Per Share	$5.79	$6.74	$6.13	$9.78	$5.80	$4.51	$2.51	$3.09	$2.49	$1.45	$1.97	$0.89	-$0.12	$0.07	-$61.32K	$110.4K	$52.40K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$126.3M	$114.9M	$136.7M	$250.7M	$143.5M	$308.0M	$666.7M	$604.2M	$551.0M	$446.4M	$347.1M	$227.8M	$122.1M	$76.40M	$28.40M
YoY Change	9.92%	-15.89%	-45.5%	74.73%	-53.41%	-53.8%	10.34%	9.66%	23.43%	28.61%	52.37%	86.57%	59.82%	169.01%
Cash & Equivalents	$126.3M	$114.8M	$136.2M	$249.4M	$142.6M	$238.1M	$666.7M	$604.2M	$551.0M	$446.4M	$347.1M	$227.8M	$108.2M	$43.60M	$4.600M
Short-Term Investments	$0.00	$109.0K	$427.0K	$1.320M	$900.0K	$69.90M
Other Short-Term Assets	$158.5M	$147.2M	$102.9M	$37.36M	$15.00M	$25.50M	$57.90M	$65.50M	$37.50M	$31.80M	$17.20M	$1.700M	$1.400M	$6.300M	$11.60M
YoY Change	7.67%	43.12%	175.29%	149.08%	-41.18%	-55.96%	-11.6%	74.67%	17.92%	84.88%	911.76%	21.43%	-77.78%	-45.69%
Inventory	$462.0M	$737.1M	$262.4M	$233.8M	$285.9M	$264.3M	$102.2M	$142.0M	$57.10M	$37.00M	$46.30M	$15.90M	$7.700M	$5.700M	$4.800M
Prepaid Expenses
Receivables	$169.1M	$167.8M	$119.6M	$172.3M	$142.2M	$156.0M	$174.5M	$140.6M	$82.80M	$66.10M	$54.90M	$35.90M	$75.60M	$39.80M	$36.30M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$300.0K	$2.200M	$1.100M	$0.00	$0.00
Total Short-Term Assets	$916.0M	$1.167B	$621.6M	$694.2M	$586.6M	$753.8M	$1.001B	$952.3M	$728.4M	$581.3M	$465.7M	$283.5M	$207.9M	$128.1M	$81.10M
YoY Change	-21.51%	87.76%	-10.46%	18.34%	-22.18%	-24.73%	5.16%	30.74%	25.31%	24.82%	64.27%	36.36%	62.3%	57.95%
Property, Plant & Equipment	$128.9M	$144.3M	$144.5M	$119.1M	$103.0M	$13.60M	$14.30M	$12.90M	$13.00M	$15.60M	$7.300M	$6.000M	$4.500M	$1.000M	$800.0K
YoY Change	-10.69%	-0.09%	21.32%	15.6%	657.35%	-4.9%	10.85%	-0.77%	-16.67%	113.7%	21.67%	33.33%	350.0%	25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$0.00	$1.035M	$500.0K	$36.60M
YoY Change			-100.0%	107.0%	-98.63%
Other Assets	$105.3M	$89.33M	$71.45M	$68.04M	$44.30M	$68.60M	$6.400M	$7.000M	$5.200M	$3.600M	$2.400M	$1.900M	$600.0K	$2.600M	$200.0K
YoY Change	17.92%	25.03%	5.01%	53.58%	-35.42%	971.88%	-8.57%	34.62%	44.44%	50.0%	26.32%	216.67%	-76.92%	1200.0%
Total Long-Term Assets	$238.4M	$239.4M	$223.1M	$196.8M	$150.9M	$122.1M	$21.20M	$20.40M	$18.70M	$19.30M	$10.50M	$8.800M	$5.800M	$3.600M	$1.000M
YoY Change	-0.4%	7.27%	13.37%	30.44%	23.59%	475.94%	3.92%	9.09%	-3.11%	83.81%	19.32%	51.72%	61.11%	260.0%
Total Assets	$1.154B	$1.406B	$844.7M	$891.0M	$737.5M	$875.9M	$1.023B	$972.7M	$747.1M	$600.6M	$476.2M	$292.3M	$213.7M	$131.7M	$82.10M
YoY Change
Accounts Payable	$51.10M	$154.2M	$83.66M	$112.1M	$155.5M	$38.70M	$14.10M	$49.00M	$51.50M	$43.90M	$33.90M	$36.20M	$26.50M	$14.80M	$5.700M
YoY Change	-66.86%	84.26%	-25.35%	-27.93%	301.81%	174.47%	-71.22%	-4.85%	17.31%	29.5%	-6.35%	36.6%	79.05%	159.65%
Accrued Expenses	$59.60M	$53.83M	$67.61M	$40.94M	$27.80M	$22.60M	$25.20M	$15.90M	$9.600M	$11.30M	$9.800M	$11.20M	$17.00M
YoY Change	10.71%	-20.38%	65.16%	47.25%	23.01%	-10.32%	58.49%	65.63%	-15.04%	15.31%	-12.5%	-34.12%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$36.51M	$36.51M	$23.87M	$23.87M	$24.10M	$30.70M	$24.40M	$14.70M	$11.00M	$10.00M	$0.00	$5.000M	$7.000M	$0.00
YoY Change	0.0%	52.98%	0.0%	-0.98%	-21.5%	25.82%	65.99%	33.64%	10.0%		-100.0%	-28.57%
Total Short-Term Liabilities	$284.8M	$351.8M	$311.0M	$276.4M	$264.3M	$179.2M	$112.9M	$98.50M	$90.70M	$70.10M	$52.30M	$59.40M	$52.40M	$37.80M	$26.10M
YoY Change	-19.05%	13.14%	12.5%	4.58%	47.49%	58.72%	14.62%	8.6%	29.39%	34.03%	-11.95%	13.36%	38.62%	44.83%
Long-Term Debt	$669.9M	$1.041B	$762.6M	$467.0M	$628.4M	$464.7M	$460.4M	$241.8M	$191.6M	$87.50M	$72.30M	$71.10M	$22.60M	$0.00	$0.00
YoY Change	-35.67%	36.55%	63.29%	-25.68%	35.23%	0.93%	90.41%	26.2%	118.97%	21.02%	1.69%	214.6%
Other Long-Term Liabilities	$50.59M	$53.83M	$59.85M	$40.82M	$24.80M	$8.400M	$5.800M	$2.600M	$1.300M	$1.000M	$1.000M	$2.500M		$0.00	$0.00
YoY Change	-6.01%	-10.06%	46.6%	64.6%	195.24%	44.83%	123.08%	100.0%	30.0%	0.0%	-60.0%
Total Long-Term Liabilities	$720.5M	$1.095B	$822.5M	$507.9M	$653.2M	$473.1M	$466.2M	$244.4M	$192.9M	$88.50M	$73.30M	$73.60M	$22.60M	$0.00	$0.00
YoY Change	-34.22%	33.16%	61.95%	-22.25%	38.07%	1.48%	90.75%	26.7%	117.97%	20.74%	-0.41%	225.66%
Total Liabilities	$1.059B	$1.522B	$1.228B	$888.3M	$1.033B	$776.6M	$706.8M	$370.9M	$306.7M	$178.4M	$140.9M	$144.9M	$82.80M	$39.70M	$28.10M
YoY Change	-30.4%	23.99%	38.2%	-14.0%	33.0%	9.88%	90.56%	20.93%	71.92%	26.61%	-2.76%	75.0%	108.56%	41.28%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	60.45M shares	60.44M shares	61.69M shares	62.99M shares	65.43M shares	71.44M shares	77.18M shares	81.48M shares	84.40M shares	88.01M shares	87.77M shares	88.31M shares	83.46M shares	63.09M shares
Diluted Shares Outstanding	60.46M shares	60.45M shares	61.72M shares	63.05M shares	65.51M shares	71.60M shares	78.33M shares	83.25M shares	85.78M shares	89.57M shares	89.72M shares	90.26M shares	83.46M shares	66.91M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $20.51 Billion

About Ubiquiti Inc.

Ubiquiti, Inc. engages in the business of selling equipment and provision of related software platforms. The company is headquartered in New York City, New York and currently employs 1,515 full-time employees. The company went IPO on 2011-10-14. Its solutions are categorized into three categories: high performance networking technology for enterprises, service providers and consumers. The company targets the enterprise and service provider markets through its highly engaged community of service providers, distributors, value-added resellers, Webstores, systems integrators and corporate information technology (IT) professionals. The company offers a portfolio of networking products and solutions for operator-owners of wireless Internet services (WISP’s), enterprises and smart homes. Its enterprise product platforms provide wireless LAN (WLAN) infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other complimentary WLAN products, along with a software platform.

Industry: Radio & Tv Broadcasting & Communications Equipment Peers: Arista Networks, Inc. CALIX, INC CIENA CORP CISCO SYSTEMS, INC. F5, INC. VIAVI SOLUTIONS INC. JUNIPER NETWORKS INC Lumentum Holdings Inc. Motorola Solutions, Inc.