$UI
Ubiquiti Inc.

2024 Q2 Form 10-Q Financial Statement

#000151173724000027 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $507.5M $493.0M
YoY Change 3.33% 7.69%
Cost Of Revenue $303.3M $318.9M
YoY Change 5.41% 18.42%
Gross Profit $204.1M $174.1M
YoY Change 0.4% -7.63%
Gross Profit Margin 40.23% 35.31%
Selling, General & Admin $21.70M $20.38M
YoY Change 14.71% 21.73%
% of Gross Profit 10.63% 11.71%
Research & Development $44.08M $42.50M
YoY Change 8.72% 11.22%
% of Gross Profit 21.59% 24.41%
Depreciation & Amortization $4.540M $5.070M
YoY Change 9.98% 11.97%
% of Gross Profit 2.22% 2.91%
Operating Expenses $65.77M $62.88M
YoY Change 10.63% 14.42%
Operating Profit $138.4M $111.2M
YoY Change -3.83% -16.7%
Interest Expense -$16.81M -$18.87M
YoY Change -15.1% 14.38%
% of Operating Profit -12.15% -16.97%
Other Income/Expense, Net -$18.87M
YoY Change 14.38%
Pretax Income $121.6M $92.35M
YoY Change -2.03% -21.08%
Income Tax $17.75M $16.10M
% Of Pretax Income 14.6% 17.43%
Net Earnings $103.8M $76.29M
YoY Change 0.12% -22.61%
Net Earnings / Revenue 20.46% 15.47%
Basic Earnings Per Share $1.26
Diluted Earnings Per Share $1.72 $1.26
COMMON SHARES
Basic Shares Outstanding 60.46M shares 60.46M shares
Diluted Shares Outstanding 60.46M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.3M $102.5M
YoY Change 9.92% -32.85%
Cash & Equivalents $126.3M $102.5M
Short-Term Investments $0.00 $8.000K
Other Short-Term Assets $158.5M $177.2M
YoY Change 7.67% 61.12%
Inventory $462.0M $533.5M
Prepaid Expenses
Receivables $169.1M $187.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $916.0M $1.001B
YoY Change -21.51% -13.15%
LONG-TERM ASSETS
Property, Plant & Equipment $81.13M $82.21M
YoY Change -6.59% -3.43%
Goodwill
YoY Change
Intangibles $4.164M $4.554M
YoY Change -26.88% -25.16%
Long-Term Investments
YoY Change
Other Assets $73.57M $69.35M
YoY Change 3.15% -3.19%
Total Long-Term Assets $238.4M $223.0M
YoY Change -0.4% 0.07%
TOTAL ASSETS
Total Short-Term Assets $916.0M $1.001B
Total Long-Term Assets $238.4M $223.0M
Total Assets $1.154B $1.224B
YoY Change -17.92% -11.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.10M $65.31M
YoY Change -66.86% -58.95%
Accrued Expenses $59.60M $49.53M
YoY Change 10.71% 7.92%
Deferred Revenue $20.33M $18.81M
YoY Change 13.52%
Short-Term Debt $36.51M $36.51M
YoY Change 0.0% 49.56%
Long-Term Debt Due $36.51M $36.51M
YoY Change 0.0% 49.56%
Total Short-Term Liabilities $284.8M $253.5M
YoY Change -19.05% -30.04%
LONG-TERM LIABILITIES
Long-Term Debt $669.9M $839.0M
YoY Change -35.67% -21.13%
Other Long-Term Liabilities $13.42M $11.13M
YoY Change 72.58% 56.51%
Total Long-Term Liabilities $683.3M $850.1M
YoY Change -34.87% -20.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $284.8M $253.5M
Total Long-Term Liabilities $683.3M $850.1M
Total Liabilities $1.059B $1.198B
YoY Change -30.4% -23.19%
SHAREHOLDERS EQUITY
Retained Earnings $84.36M $16.83M
YoY Change -170.0% -108.95%
Common Stock $60.00K $60.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $95.06M $25.87M
YoY Change
Total Liabilities & Shareholders Equity $1.154B $1.224B
YoY Change -17.92% -11.01%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $103.8M $76.29M
YoY Change 0.12% -22.61%
Depreciation, Depletion And Amortization $4.540M $5.070M
YoY Change 9.98% 11.97%
Cash From Operating Activities $231.4M $163.9M
YoY Change 1502.06% -201.02%
INVESTING ACTIVITIES
Capital Expenditures $1.866M $3.232M
YoY Change -64.69% 48.12%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$1.866M -$3.232M
YoY Change -64.69% 48.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -205.7M -155.7M
YoY Change 338.98% -198.94%
NET CHANGE
Cash From Operating Activities 231.4M 163.9M
Cash From Investing Activities -1.866M -3.232M
Cash From Financing Activities -205.7M -155.7M
Net Change In Cash 23.86M 4.886M
YoY Change -163.29% -169.95%
FREE CASH FLOW
Cash From Operating Activities $231.4M $163.9M
Capital Expenditures $1.866M $3.232M
Free Cash Flow $229.5M $160.6M
YoY Change 2405.84% -197.71%

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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
98577000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-83000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1246000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.6
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
36265000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-184475000 usd
us-gaap Net Income Loss
NetIncomeLoss
246156000 usd
us-gaap Net Income Loss
NetIncomeLoss
303964000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14711000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12164000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1296000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
979000 usd
ubnt Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
202000 usd
ubnt Operating Lease Non Cash Lease Expense
OperatingLeaseNonCashLeaseExpense
325000 usd
us-gaap Inventory Write Down
InventoryWriteDown
21668000 usd
us-gaap Inventory Write Down
InventoryWriteDown
8142000 usd
ubnt Provisionfor Gain Losson Vendor Deposit
ProvisionforGainLossonVendorDeposit
16732000 usd
ubnt Provisionfor Gain Losson Vendor Deposit
ProvisionforGainLossonVendorDeposit
-2419000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4671000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3394000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
140000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
680000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
135000 usd
ubnt Provision For Gain Loss On Sales Returns
ProvisionForGainLossOnSalesReturns
-312000 usd
ubnt Provision For Gain Loss On Sales Returns
ProvisionForGainLossOnSalesReturns
62000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-101000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1105000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19917000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26746000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-181717000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
489463000 usd
ubnt Increase Decreasein Vendor Deposits
IncreaseDecreaseinVendorDeposits
41666000 usd
ubnt Increase Decreasein Vendor Deposits
IncreaseDecreaseinVendorDeposits
5045000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4805000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8695000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-87671000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
74827000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-28464000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-28742000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3235000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2561000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1641000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1312000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
310115000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-159872000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10109000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15650000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10109000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15650000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
108814000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
108778000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
23000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
406000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
677000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-312345000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
191818000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12339000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16296000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114826000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136224000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102487000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152520000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
92480000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
87315000 usd
us-gaap Interest Paid Net
InterestPaidNet
59589000 usd
us-gaap Interest Paid Net
InterestPaidNet
34241000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2250000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5814000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
94000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1097000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Accounting Estimates</span></div>The 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 and assumptions include, but are not limited to, revenue recognition and deferred revenue; 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. We evaluate our estimates and assumptions based on historical experience and other assumptions that are believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.
CY2024Q1 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1700000 usd
CY2023Q2 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1200000 usd
CY2024Q1 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
18800000 usd
CY2024Q1 ubnt Contract With Customer Liability Deferred Revenue Noncurrent
ContractWithCustomerLiabilityDeferredRevenueNoncurrent
11100000 usd
CY2023Q2 ubnt Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
17900000 usd
CY2023Q2 ubnt Contract With Customer Liability Deferred Revenue Noncurrent
ContractWithCustomerLiabilityDeferredRevenueNoncurrent
7800000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3700000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14700000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
17600000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
76290000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
76290000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
98577000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
98577000 usd
us-gaap Net Income Loss
NetIncomeLoss
246156000 usd
us-gaap Net Income Loss
NetIncomeLoss
303964000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60461000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60441000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60452000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60452000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60432000 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60463000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60455000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60455000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60451000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.03
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.03
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
450230000 usd
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
643499000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
83299000 usd
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
93622000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
533529000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
737121000 usd
CY2023Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
7330000 usd
CY2024Q1 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1656000 usd
CY2023Q2 ubnt Contract With Customer Liability Customer Deposits Current
ContractWithCustomerLiabilityCustomerDepositsCurrent
1211000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
156764000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
153724000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
74559000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
66879000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
82205000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
86845000 usd
CY2024Q1 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
60189000 usd
CY2023Q2 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
60106000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4554000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5695000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4607000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5523000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
69350000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
71324000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7100000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5900000 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
18814000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17911000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18708000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23426000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14004000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14333000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10343000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
8745000 usd
CY2024Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
6472000 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7943000 usd
CY2024Q1 ubnt Reservefor Sales Returns Current
ReserveforSalesReturnsCurrent
4480000 usd
CY2023Q2 ubnt Reservefor Sales Returns Current
ReserveforSalesReturnsCurrent
4999000 usd
CY2024Q1 ubnt Inventory Received Not Billed
InventoryReceivedNotBilled
53298000 usd
CY2023Q2 ubnt Inventory Received Not Billed
InventoryReceivedNotBilled
56862000 usd
CY2024Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
14743000 usd
CY2023Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
7028000 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
142518000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
141845000 usd
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
11131000 usd
CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
7774000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
8745000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6394000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
9463000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8344000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
887000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
206000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8752000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7001000 usd
CY2024Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10343000 usd
CY2024Q1 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
992000 usd
CY2023Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
992000 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
36508000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
36508000 usd
CY2024Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
995000 usd
CY2023Q2 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
1744000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
839005000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1041381000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
9375000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
37500000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
830625000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2024Q1 ubnt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
877500000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsRemainderOfFiscalYear
16227000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year One
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearOne
63384000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year Two
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearTwo
45624000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearThree
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsInYearFour
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments After Year Four
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPaymentsAfterYearFour
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Interest And Other Payments
LongTermDebtMaturitiesRepaymentsOfInterestAndOtherPayments
125235000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsRemainderOfFiscalYear
25602000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year One
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearOne
100884000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearTwo
876249000 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearThree
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsInYearFour
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPaymentsAfterYearFour
0 usd
CY2024Q1 ubnt Long Term Debt Maturities Repayments Of Principal And Interest And Other Payments
LongTermDebtMaturitiesRepaymentsOfPrincipalAndInterestAndOtherPayments
1002735000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
4291000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
4154000 usd
us-gaap Lease Cost
LeaseCost
12701000 usd
us-gaap Lease Cost
LeaseCost
11955000 usd
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4300000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
3800000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
12900000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11400000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4012000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14605000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10299000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6213000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4825000 usd
CY2024Q1 ubnt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
15950000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
55904000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4406000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
51498000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2024Q1 us-gaap Purchase Obligation
PurchaseObligation
949500000 usd
CY2024Q1 us-gaap Other Commitment
OtherCommitment
5800000 usd
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4880028 shares
CY2024Q1 us-gaap Revenues
Revenues
492997000 usd
CY2023Q1 us-gaap Revenues
Revenues
457773000 usd
us-gaap Revenues
Revenues
1421029000 usd
us-gaap Revenues
Revenues
1449427000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1664000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1246000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4671000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3394000 usd
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
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16100000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56100000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58300000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.174
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.158
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.161
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35900000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
5000000 usd
CY2024Q1 ubnt Number Of Subsidiaries
NumberOfSubsidiaries
1 subsidiary
CY2024Q1 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
0 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
CY2024Q1 us-gaap Revenues
Revenues
492997000 usd
CY2023Q1 us-gaap Revenues
Revenues
457773000 usd
us-gaap Revenues
Revenues
1421029000 usd
us-gaap Revenues
Revenues
1449427000 usd

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