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Financials · U

Unity Software Inc. (U) financials

For the twelve months ended Sep 30, 2026, Unity Software Inc. reported $2.18B of revenue and -$339.95M of net income.

Revenue, TTM
$2.18B
Revenue growth, YoY
+20.9%
Net income, TTM
-$339.95M
Net margin
-15.6%
Free cash flow, TTM
$606.80M
EPS, diluted, TTM
-$0.81
Cash
$2.65B
P/S
10.40
Market cap
$22.66B
Annual revenue$1.85B
FY2018FY2025
Annual net income-$402.76M
FY2018FY2025
Annual free cash flow$403.93M
FY2018FY2025

U revenue and earnings growth

U revenueQ3 2026$622.09M

Quarter YoY
+32.2%
QoQ
+13.8%
FY YoY
+2.0%
5Y CAGR
+19.1%

U revenue was $622.09M in fiscal Q3 2026 (ended Sep 30, 2026), up 32.2% from a year earlier and up 13.8% from the prior quarter. For the full fiscal 2025 it was $1.85B, up 2.0% from fiscal 2024. Compound annual growth was +19.1% over 5 years. It rose in 6 of the last 7 fiscal years.

U net incomeQ3 2026$121.23M

U net income was $121.23M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$126.36M a year earlier. For the full fiscal 2025 it was -$402.76M, compared with -$664.11M in fiscal 2024.

U EPSQ3 2026$0.25

U diluted EPS was $0.25 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.30 a year earlier. For the full fiscal 2025 it was -$0.96, compared with -$1.68 in fiscal 2024.

U free cash flowQ3 2026$219.71M

Quarter YoY
+45.2%
QoQ
+8.8%
FY YoY
+41.2%

U free cash flow was $219.71M in fiscal Q3 2026 (ended Sep 30, 2026), up 45.2% from a year earlier and up 8.8% from the prior quarter. For the full fiscal 2025 it was $403.93M, up 41.2% from fiscal 2024. Fiscal 2025 is the highest of the 8 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$1.85B$1.81B$2.19B$1.39B$1.11B$772.45M$541.78M$380.75M
Cost of revenue$477.74M$480.85M$733.72M$442.50M$253.63M$172.35M$118.60M$81.27M
Gross profit$1.37B$1.33B$1.45B$948.52M$856.90M$600.10M$423.18M$299.49M
Research and development$929.52M$924.83M$1.05B$959.49M$695.71M$403.51M$255.93M$204.07M
Selling, general and admin$268.54M$410.07M$398.18M$373.29M$347.91M$254.98M$143.79M$91.26M
Operating income-$479.05M-$755.15M-$832.79M-$882.21M-$531.66M-$274.81M-$150.67M-$130.30M
Interest expense$24.01M$23.54M$24.58M$7.40M$1.13M$1.52M$0$0
Pre-tax income-$395.20M-$667.13M-$797.85M-$882.42M-$531.23M-$280.22M-$153.24M-$132.63M
Income tax$6.29M-$2.85M$28.48M$37.06M$1.38M$2.09M$9.95M-$1.03M
Net income-$402.76M-$664.11M-$822.01M-$921.06M-$532.61M-$282.31M-$163.19M-$131.60M
EPS, basic-$0.96-$1.68-$2.16-$2.96-$1.89-$1.66-$2.39-$1.24
EPS, diluted-$0.96-$1.68-$2.16-$2.96-$1.89-$1.66-$2.39-$1.24
Diluted shares420.9M396.0M380.5M310.5M282.2M170.0M114.4M106.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$2.06B$1.53B$1.60B$1.51B$1.07B$1.29B$147.10M$273.27M
Short-term investments---$101.71M$681.32M---
Receivables$643.61M$573.88M$611.72M$633.77M$340.49M$274.25M$204.90M-
Current assets$2.81B$2.23B$2.32B$2.36B$2.15B$2.08B$367.42M-
Goodwill$3.17B$3.17B$3.20B$3.20B$1.62B$286.25M$218.31M$45.41M
Total assets$6.84B$6.74B$7.24B$7.83B$4.84B$2.67B$762.86M-
Current liabilities$1.53B$889.49M$894.10M$1.01B$626.15M$503.22M$336.53M-
Total liabilities$3.34B$3.31B$3.83B$4.08B$2.45B$634.08M$368.95M-
Shareholders' equity$3.24B$3.20B$3.19B$3.53B$2.39B$2.04B$393.91M$316.13M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$422.95M$315.55M$234.70M-$59.43M-$111.45M$19.91M-$67.94M-$81.06M
Capital expenditures$19.02M$29.55M$55.92M$57.14M$41.94M$40.16M$27.04M$38.02M
Free cash flow$403.93M$286.00M$178.78M-$116.57M-$153.39M-$20.24M-$94.97M-$119.08M
Investing cash flow-$24.02M-$42.41M$44.04M$723.23M-$1.84B-$575.19M-$219.54M-$40.04M
Financing cash flow$110.09M-$338.31M-$174.01M-$226.63M$1.72B$1.70B$161.47M$148.25M
Share repurchases$0$0$250.00M$1.50B$0$110.0K$286.38M$0
Stock-based compensation$385.21M$596.25M$648.70M$550.07M$347.16M$134.63M$30.96M$20.63M
Depreciation and amortization$460.94M$408.98M$563.92M$211.58M$64.57M$42.97M$31.11M$20.52M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY2.0%-17.1%57.2%25.3%43.8%42.6%42.3%-
Gross margin74.2%73.5%66.5%68.2%77.2%77.7%78.1%78.7%
Operating margin-25.9%-41.6%-38.1%-63.4%-47.9%-35.6%-27.8%-34.2%
Net margin-21.8%-36.6%-37.6%-66.2%-48.0%-36.5%-30.1%-34.6%
Free cash flow margin21.8%15.8%8.2%-8.4%-13.8%-2.6%-17.5%-31.3%
Return on equity-12.4%-20.8%-25.8%-26.1%-22.2%-13.9%-41.4%-41.6%
Return on assets-5.9%-9.9%-11.3%-11.8%-11.0%-10.6%-21.4%-
Current ratio1.842.502.602.343.444.131.09-

Source: XBRL data Unity Software Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

U peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
U$2.18B+20.9%-$339.95M-15.6%$22.66B
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

U FAQ

9 questions
  • What is U revenue?
    Unity Software Inc. (U) reported $2.18B of revenue for the twelve months ended Sep 30, 2026. That is up 20.9% from the year before. Revenue for fiscal 2025 was $1.85B.
  • Is U profitable?
    No. Unity Software Inc. reported a net loss of $339.95M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does U have?
    Unity Software Inc. reported $2.65B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is U revenue growing?
    Unity Software Inc.'s revenue changed +2.0% in fiscal 2025, to $1.85B. Its compound annual growth rate was +19.1% over 5 years.
  • What is U gross margin?
    Unity Software Inc.'s gross profit was $1.47B on $2.18B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 67.7%.
  • What is U free cash flow?
    Unity Software Inc. generated $606.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $622.30M less capital expenditures.
  • What is U earnings per share?
    Diluted earnings per share were -$0.81 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did U last report financial results?
    The latest statements here come from Unity Software Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this U financial data come from?
    Quantisnow builds these statements from the structured XBRL data Unity Software Inc. files with the SEC. It is provided for information only and is not investment advice.