Ubiquiti Inc.

NYSE-UI

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Operating Activities	LTM	Jun '25	Jun '24	Jun '23	Jun '22	Jun '21	Jun '20	Jun '19	Jun '18	Jun '17	Jun '16
Net Income	791.8	711.9	350	407.6	378.7	616.6	380.3	322.7	196.3	257.5	213.6
Net Income
Depreciation & Amortization	20.9	21.9	19.3	16.3	13.7	12.1	7.7	7.6	7.3	7.1	6
Depreciation and Amortization
Stock Based Compensation	7.4	7.2	6.4	4.7	3.5	3	2.9	2.9	3.2	2.8	3.7
Share-Based Compensation
Other Adjustments	-55.9	-41.7	33.9	-3.9	12.5	12.6	17	4.4	19.6	1.8	1.2
Impairment of Cost-Based Investment
Amortization of Debt Issuance Costs
Non-Cash Lease Expense
Premium Amortization and Discount Accretion, Net
Write Off Unamortized Debt Issuance Costs
Provision for Excess and Obsolete Inventory
Provision for Loss on Vendor Deposits
Write-Off of Software Development Costs
Revaluation of Warrants to Fair Value
Accrued Interest on Loan from Stockholder
Deferred Taxes
Excess Tax Benefit from Employee Stock-Based Awards
Provision for Sales Returns
Provisions for Doubtful Accounts
Other, Net
Changes in Trade Receivables	-82.2	-86.9	-1.8	-48.2	52.7	-30.1	13.9	18.7	-34	-58.2	-16.7
Accounts Receivable
Changes in Inventories	-234.9	-219.9	250.7	-487.9	-29.6	52.9	-28.1	-163.7	36	-87	-20
Inventories
Changes in Accounts Payable	190.5	113.6	-103.1	69.7	-28.7	-43.3	116.9	24.3	-34.6	-2.6	7.7
Accounts Payable
Changes in Accrued Expenses	-101.4	66.8	32.6	-38.7	58.6	56.2	-40	5	31.7	9.8	3.2
Accrued and Other Liabilities
Changes in Income Taxes Payable	-8.7	-10.8	-17.1	-14	-10.3	-27.8	-3.5	16.3	103.8	5	4.8
Income Taxes Payable
Changes in Unearned Revenue	34.8	30.1	6.6	-1.3	-3.6	7.5	0.9	9.1	4.9	3.6	0.7
Deferred Revenues
Changes in Other Operating Activities	31.1	47.8	-35.8	-49.7	-77.2	-47.6	-7.7	11.9	-2.2	-27.9	-6.8
Vendor Deposits
Deferred Cost of Revenues
Prepaid Income Taxes
Prepaid Expenses and Other Assets
Cash from Operating Activities	604.8	640	541.5	-145.4	370.3	612	460.3	259.3	332	112	197.5
Net Cash Provided by Operating Activities

Investing Activities	LTM	Jun '25	Jun '24	Jun '23	Jun '22	Jun '21	Jun '20	Jun '19	Jun '18	Jun '17	Jun '16
Capital Expenditure	-15.1	-12.6	-12	-20.9	-13.5	-18.3	-30.6	-51.7	-9.1	-7.2	-6.2
Purchase of Property and Equipment and Other Long-Term Assets
Purchases of Investments	—	—	—	—	-1.5	-1.9	-27.5	-220.1	—	—	—
Purchase of Investments
Proceeds from Sale of Investments	—	—	—	—	3.8	0.9	127.7	119.2	—	—	—
Proceeds from Sale of Investments
Proceeds from Maturities of Investments
Other Investing Activities	—	—	—	—	—	—	—	-5	—	—	—
Private Equity Investment
Cash from Investing Activities	-15.1	-12.6	-12	-20.9	-11.2	-19.3	69.6	-157.6	-9.1	-7.2	-6.2
Net Cash Provided by Investing Activities

Financing Activities	LTM	Jun '25	Jun '24	Jun '23	Jun '22	Jun '21	Jun '20	Jun '19	Jun '18	Jun '17	Jun '16
Issuance of Long-Term Debt	—	30	—	665	345	112.5	427.5	35	718.5	99	130
Issuances of Debt
Proceeds from Borrowing Under the Credit Facility - Term
Proceeds from Borrowing Under the Credit Facility- Revolver
Issuance of Convertible Subordinated Promissory Notes
Repayments of Long-Term Debt	-463.8	-488.1	-372.5	-373.1	-50	-273.8	-270	-25	-488.3	-45.3	-24
Repayment Against Credit Facility- Revolver
Repayment Against Amended Credit Facility- Term
Repayments of Debt
Repayment Against Credit Facility-Term
Payment of Convertible Subordinated Promissory Notes
Net Issuance / (Repayments) of Long-Term Debt	-463.8	-458.1	-372.5	291.9	295	-161.3	157.5	10	230.3	53.8	106
Issuance of Common Shares	—	—	—	0	0.1	0.1	0.2	0.8	1.5	1.4	1.1
Proceeds from Shares Issued in Initial Public Offering, Net of Offering Costs
Proceeds from Exercise of Stock Options
Repurchases of Common Shares	-1.8	-0.8	-0.4	-0.7	-619.3	-220.8	-701.3	-469.7	-487.1	-106.8	-194.7
Repurchases of Common Stock
Tax Withholdings Related to Net Share Settlements of Stock Options
Tax Withholdings Related to Net Share Settlements of Restricted Stock Units
Net Issuance / (Repurchases) of Common Shares	-1.8	-0.8	-0.4	-0.7	-619.2	-220.6	-701.1	-468.9	-485.5	-105.4	-193.6
Issuance of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Issuance of Series a Preferred Stock and Warrants, Net of Issuance Costs
Proceeds from Exercise of Series a Preferred Stock Warrants
Repurchases of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Repurchase of Series a Convertible Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Common Share Dividends Paid	-157.3	-145.2	-145.1	-145	-148.1	-100.8	-78.7	-71.4	—	—	—
Payment of Common Stock Cash Dividends
Preferred Share Dividends Paid	—	—	—	—	—	—	—	—	—	—	—
Payment of Deemed Dividend on Series a Convertible Preferred Stock
Other Financing Activities	—	—	—	-1.2	—	-3.3	-3.1	—	-5.2	—	1
Debt Issuance Costs
Excess Tax Benefit from Employee Stock-Based Awards
Payment of Deferred Offering Costs
Cash from Financing Activities	-577.7	-604.1	-518	145	-472.3	-486	-625.4	-530.2	-260.4	-51.6	-86.6
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Jun '25	Jun '24	Jun '23	Jun '22	Jun '21	Jun '20	Jun '19	Jun '18	Jun '17	Jun '16
Free Cash Flow	589.7	627.4	529.5	-166.4	356.8	593.7	429.7	207.6	322.9	104.8	191.3
NOPAT	817.8	745.9	434.8	473.5	398.9	629.2	404	333.5	203.8	261.8	215.5
Levered Free Cash Flow	291.6	351.9	268.9	289.3	618.8	446.9	553.4	191.5	564.3	212.2	309
Unlevered Free Cash Flow	734.9	782.8	575.9	-53.2	308.4	620.8	419.5	192.4	341.5	162.7	204.9
Net Change in Cash	12	23.4	11.5	-21.4	-113.2	106.8	-95.5	-428.5	62.5	53.2	104.6