2022 Q2 Form 10-Q Financial Statement

#000151173722000030 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $443.1M $358.1M $431.6M
YoY Change -7.27% -23.36% -9.98%
Cost Of Revenue $273.5M $242.1M $256.9M
YoY Change 10.67% -1.0% 3.26%
Gross Profit $169.6M $116.0M $174.7M
YoY Change -26.49% -47.91% -24.27%
Gross Profit Margin 38.28% 32.4% 40.48%
Selling, General & Admin $19.56M $18.15M $16.44M
YoY Change 15.33% 36.94% 50.1%
% of Gross Profit 11.53% 15.64% 9.41%
Research & Development $37.51M $35.26M $32.87M
YoY Change 21.14% 15.67% 13.69%
% of Gross Profit 22.11% 30.39% 18.82%
Depreciation & Amortization $3.579M $3.564M $3.302M
YoY Change -5.82% 18.8% 22.3%
% of Gross Profit 2.11% 3.07% 1.89%
Operating Expenses $57.07M $53.41M $49.31M
YoY Change 19.08% 22.12% 23.69%
Operating Profit $112.6M $62.61M $125.4M
YoY Change -38.43% -65.02% -34.29%
Interest Expense -$8.031M -$3.252M -$2.717M
YoY Change 218.94% -33.63% -24.53%
% of Operating Profit -7.13% -5.19% -2.17%
Other Income/Expense, Net -$3.252M -$2.717M
YoY Change -33.5% -24.8%
Pretax Income $104.5M $59.35M $122.7M
YoY Change -42.02% -65.91% -34.47%
Income Tax $12.03M $9.000M $19.00M
% Of Pretax Income 11.51% 15.16% 15.49%
Net Earnings $92.50M $50.35M $103.6M
YoY Change -40.06% -65.53% -35.08%
Net Earnings / Revenue 20.87% 14.06% 24.02%
Basic Earnings Per Share $0.82 $1.66
Diluted Earnings Per Share $1.529M $0.82 $1.66
COMMON SHARES
Basic Shares Outstanding 60.42M shares 61.41M shares 62.32M shares
Diluted Shares Outstanding 61.44M shares 62.36M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.7M $146.6M $214.4M
YoY Change -45.5% -44.44% 13.06%
Cash & Equivalents $136.2M $144.3M $212.2M
Short-Term Investments $427.0K $2.251M $2.186M
Other Short-Term Assets $102.9M $68.10M $56.53M
YoY Change 175.29% 210.95% 137.52%
Inventory $262.4M $241.1M $276.0M
Prepaid Expenses
Receivables $119.6M $87.48M $125.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $621.6M $543.3M $672.4M
YoY Change -10.46% -22.17% 10.18%
LONG-TERM ASSETS
Property, Plant & Equipment $80.23M $80.90M $80.04M
YoY Change 1.48% 1.26% 1.18%
Goodwill
YoY Change
Intangibles $7.228M $7.617M $8.007M
YoY Change -16.77% -15.56% -14.83%
Long-Term Investments $0.00 $600.0K $1.091M
YoY Change -100.0% -14.29%
Other Assets $72.06M $69.78M $70.61M
YoY Change 0.16% -3.35% 43.21%
Total Long-Term Assets $223.1M $216.4M $218.5M
YoY Change 13.37% 10.97% 27.83%
TOTAL ASSETS
Total Short-Term Assets $621.6M $543.3M $672.4M
Total Long-Term Assets $223.1M $216.4M $218.5M
Total Assets $844.7M $759.7M $890.8M
YoY Change -5.19% -14.93% 14.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.66M $102.3M $106.7M
YoY Change -25.35% 60.37% 23.08%
Accrued Expenses $67.61M $53.21M $50.43M
YoY Change 65.16% 32.04% 40.09%
Deferred Revenue $20.77M
YoY Change -3.94%
Short-Term Debt $23.87M $23.87M $23.87M
YoY Change 0.0% 0.0% -0.84%
Long-Term Debt Due $23.87M $23.87M $23.87M
YoY Change 0.0% -0.15% -0.98%
Total Short-Term Liabilities $311.0M $241.3M $253.6M
YoY Change 12.5% -6.33% 7.67%
LONG-TERM LIABILITIES
Long-Term Debt $762.6M $698.7M $484.8M
YoY Change 63.29% 27.47% -16.61%
Other Long-Term Liabilities $5.822M $5.988M $6.850M
YoY Change -32.02% -36.05% -21.77%
Total Long-Term Liabilities $768.4M $704.7M $491.7M
YoY Change 61.58% 26.41% -16.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $311.0M $241.3M $253.6M
Total Long-Term Liabilities $768.4M $704.7M $491.7M
Total Liabilities $1.228B $1.095B $895.0M
YoY Change 38.2% 14.84% -7.05%
SHAREHOLDERS EQUITY
Retained Earnings -$383.1M -$334.6M -$4.343M
YoY Change -14639.35% 448.83% -97.61%
Common Stock $60.00K $61.00K $62.00K
YoY Change -4.76% -3.17% -1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$382.9M -$335.0M -$4.187M
YoY Change
Total Liabilities & Shareholders Equity $844.7M $759.7M $890.8M
YoY Change -5.19% -14.93% 14.04%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $92.50M $50.35M $103.6M
YoY Change -40.06% -65.53% -35.08%
Depreciation, Depletion And Amortization $3.579M $3.564M $3.302M
YoY Change -5.82% 18.8% 22.3%
Cash From Operating Activities $69.98M $104.2M $95.19M
YoY Change -57.39% -25.01% -50.4%
INVESTING ACTIVITIES
Capital Expenditures -$2.405M -$4.571M -$3.521M
YoY Change 3.44% 11.49% -61.31%
Acquisitions
YoY Change
Other Investing Activities $1.943M $397.0K -$33.00K
YoY Change -205.54% -101.1%
Cash From Investing Activities -$462.0K -$4.174M -$3.554M
YoY Change -88.91% -0.62% -40.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -77.61M -167.8M -145.4M
YoY Change -55.26% 175.16% 16.03%
NET CHANGE
Cash From Operating Activities 69.98M 104.2M 95.19M
Cash From Investing Activities -462.0K -4.174M -3.554M
Cash From Financing Activities -77.61M -167.8M -145.4M
Net Change In Cash -8.088M -67.87M -53.75M
YoY Change -39.64% -192.09% -188.7%
FREE CASH FLOW
Cash From Operating Activities $69.98M $104.2M $95.19M
Capital Expenditures -$2.405M -$4.571M -$3.521M
Free Cash Flow $72.38M $108.7M $98.71M
YoY Change -56.54% -23.97% -50.89%

Facts In Submission

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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2020Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2020Q4 us-gaap Dividends Common Stock Cash
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CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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ubnt Debt Securities Available For Sale Recoveries
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ubnt Debt Securities Available For Sale Recoveries
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us-gaap Amortization Of Financing Costs
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990000 USD
us-gaap Amortization Of Financing Costs
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ubnt Operating Lease Non Cash Lease Expense
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
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ubnt Provision For Sales Returns
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83000 USD
ubnt Provision For Sales Returns
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ubnt Provisionfor Gain Losson Vendor Deposit
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8430000 USD
ubnt Provisionfor Gain Losson Vendor Deposit
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7502000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Debt Securities Available For Sale Unrealized Gain Loss
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us-gaap Debt Securities Available For Sale Unrealized Gain Loss
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us-gaap Increase Decrease In Inventories
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ubnt Increase Decreasein Vendor Deposits
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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ubnt Increase Decreasein Vendor Deposits
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us-gaap Increase Decrease In Prepaid Taxes
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us-gaap Increase Decrease In Prepaid Taxes
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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27059000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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87635000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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300280000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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447773000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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ubnt Payment For Settlement Of Restricted Stock Units Financing Activities
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1185000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Investments
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us-gaap Payments To Acquire Investments
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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1209000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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922000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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3257000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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75709000 USD
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76000 USD
us-gaap Proceeds From Stock Options Exercised
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91000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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ubnt Payment For Settlement Of Restricted Stock Units Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
120174000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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ubnt Unpaid Stock Repurchases
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ubnt Unpaid Stock Repurchases
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Transfer To Investments
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us-gaap Transfer To Investments
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1234000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of Accounting EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Those estimates include, but are not limited to, revenue recognition and deferred revenue; allowance for doubtful accounts and sales return reserves; inventory valuation and vendor deposits; accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; determinations of fair value for stock-based awards; estimate of incremental borrowing rate for determining the present value of future lease payments; and valuation of warranty accruals. We evaluate our estimates based on historical experience and other assumptions that are believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.
CY2022Q1 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1600000 USD
CY2021Q2 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
2700000 USD
CY2022Q1 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
21500000 USD
CY2022Q1 ubnt Contract With Customer Liability Deferred Revenue Noncurrent
ContractWithCustomerLiabilityDeferredRevenueNoncurrent
6000000 USD
CY2021Q2 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
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CY2021Q2 ubnt Contract With Customer Liability Deferred Revenue Noncurrent
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CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
2851000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
2851000 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
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CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
432000 USD
CY2021Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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1805000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
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CY2022Q1 ubnt Debt Securities Available For Sale Amortized Cost Maturity Allocated And Single Maturity Date Corporate Securities
DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateCorporateSecurities
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CY2022Q1 ubnt Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date Corporate Securities
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateCorporateSecurities
494000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
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CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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610000 USD
CY2022Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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63084000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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61435000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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62865000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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62125000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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63148000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
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0.82
CY2021Q1 us-gaap Earnings Per Share Basic
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2.33
us-gaap Earnings Per Share Basic
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4.61
us-gaap Earnings Per Share Basic
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7.33
CY2022Q1 us-gaap Earnings Per Share Diluted
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0.82
CY2021Q1 us-gaap Earnings Per Share Diluted
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2.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.61
us-gaap Earnings Per Share Diluted
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7.32
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
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234242000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
228514000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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6888000 USD
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
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5253000 USD
CY2022Q1 us-gaap Inventory Net
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241130000 USD
CY2021Q2 us-gaap Inventory Net
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233767000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
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141564000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
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130984000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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60669000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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51923000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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80895000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
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79061000 USD
CY2022Q1 us-gaap Income Taxes Receivable Noncurrent
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57119000 USD
CY2021Q2 us-gaap Income Taxes Receivable Noncurrent
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57423000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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7617000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
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8684000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5043000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5839000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
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CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
71946000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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3900000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2800000 USD
CY2022Q1 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
21472000 USD
CY2021Q2 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
21617000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
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30456000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21702000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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11755000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9149000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual
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6097000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4812000 USD
CY2022Q1 us-gaap Accrued Employee Benefits Current
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4906000 USD
CY2021Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5273000 USD
CY2022Q1 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1555000 USD
CY2021Q2 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
2693000 USD
CY2022Q1 ubnt Reservefor Sales Returns Current
ReserveforSalesReturnsCurrent
2317000 USD
CY2021Q2 ubnt Reservefor Sales Returns Current
ReserveforSalesReturnsCurrent
2242000 USD
CY2022Q1 ubnt Unpaid Stock Repurchases Current
UnpaidStockRepurchasesCurrent
10000000 USD
CY2021Q2 ubnt Unpaid Stock Repurchases Current
UnpaidStockRepurchasesCurrent
0 USD
CY2022Q1 ubnt Inventory Received Not Billed
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9286000 USD
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InventoryReceivedNotBilled
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AccountsPayableOtherCurrent
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AccountsPayableOtherCurrent
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106818000 USD
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125980000 USD
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OtherLiabilitiesNoncurrent
5988000 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8564000 USD
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4812000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4538000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6342000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
6680000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
790000 USD
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-1114000 USD
us-gaap Standard Product Warranty Accrual Payments
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5847000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5351000 USD
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6097000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4753000 USD
CY2022Q1 us-gaap Deferred Finance Costs Current Net
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1135000 USD
CY2021Q2 us-gaap Deferred Finance Costs Current Net
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1135000 USD
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ShortTermBorrowings
23865000 USD
CY2021Q2 us-gaap Short Term Borrowings
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23865000 USD
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DeferredFinanceCostsNoncurrentNet
1275000 USD
CY2021Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1720000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
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698725000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
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467030000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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6250000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
25000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
643750000 USD
CY2022Q1 ubnt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
725000000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsRemainderOfFiscalYear
3815000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year One
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearOne
14992000 USD
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LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearTwo
14535000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearThree
13999000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearFour
10146000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments After Year Four
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsAfterYearFour
0 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPayments
57487000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsRemainderOfFiscalYear
10065000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year One
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearOne
39992000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearTwo
39535000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearThree
38999000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearFour
653896000 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsAfterYearFour
0 USD
CY2022Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPayments
782487000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
3810000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
2858000 USD
us-gaap Lease Cost
LeaseCost
11225000 USD
us-gaap Lease Cost
LeaseCost
8143000 USD
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ShortTermLeaseCost
400000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
10200000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2800000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
8200000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3397000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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12578000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11952000 USD
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11047000 USD
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7322000 USD
CY2022Q1 ubnt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
21580000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
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67876000 USD
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4974000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
62902000 USD
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P8Y
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.022
CY2022Q1 us-gaap Other Commitment
OtherCommitment
3100000 USD
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4986708 shares
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
874000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
775000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2503000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2265000 USD
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10525 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11.51
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y3M14D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3165000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6301 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
12.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4224 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.77
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y7M13D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1200000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4224 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
10.77
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P0Y7M13D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1200000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
4224 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
10.77
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P0Y7M13D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1200000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53800000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85100000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35400000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
900000 USD
CY2022Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
4200000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
ubnt Number Of Product Types
NumberOfProductTypes
2 product
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
358068000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
467237000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1248547000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1420206000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
358068000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
467237000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1248547000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1420206000 USD

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