Ubiquiti Inc. develops networking technology for service providers, enterprises, and consumers. It develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as consumer products under the Ubiquiti Labs brand name. The company also provides technology platforms, such as airMAX, which include proprietary protocols that contain technologies for minimizing signal noise; EdgeMAX, a software and system routing platform; airFiber, a point-to-point radio system; and UFiber GPON, a plug and play fiber network technology to build high speed fiber internet networks. In addition, it offers UniFi -Enterprise WLAN, an enterprise Wi-Fi system that allows for on-site and remote management through the cloud; UniFi Protect, a video surveillance system, which provides statistical reporting and advanced analytics; UniFi Switch that deliver performance, switching, and power of Ethernet support for enterprise networks; UniFi Console, an enterprise class router and security gateway device; and UniFi Access, a door access system. Further, offers base stations, radios, backhaul equipment, and customer premise equipment; embedded radio products; antennas; and mounting brackets, cables, and power over Ethernet adapters. It serves customers through a network of approximately 100 distributors, online retailers, and direct to customers worldwide. The company was formerly known as Ubiquiti Networks, Inc. and changed its name to Ubiquiti Inc. in August 2019. Ubiquiti Inc. was incorporated in 2003 and is headquartered in New York, New York.

Ubiquiti Inc.

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Income Statement	LTM	Jun '25	Jun '24	Jun '23	Jun '22	Jun '21	Jun '20	Jun '19	Jun '18	Jun '17	Jun '16
Total Revenues	2,757	2,573.5	1,928.5	1,940.5	1,691.7	1,898.1	1,284.5	1,161.7	1,016.9	865.3	666.4
Total Revenues %Chg	36.8%	33.4%	-0.6%	14.7%	-10.9%	47.8%	10.6%	14.2%	17.5%	29.8%	11.8%
Revenues
Cost of Sales	1,533.7	1,456.1	1,188.7	1,179.8	1,021.9	985.8	676.3	624.1	573.3	469.6	341.6
Cost of Revenues
Gross Profit	1,223.2	1,117.5	739.8	760.7	669.8	912.3	608.2	537.6	443.6	395.7	324.8
Gross Profit Margin	44.4%	43.4%	38.4%	39.2%	39.6%	48.1%	47.3%	46.3%	43.6%	45.7%	48.7%
Selling, General & Administrative Expenses	114.2	111.5	81	71	69.9	53.5	40.6	43.2	43.1	36.9	33.3
Sales, General and Administrative
Research & Development Expenses	180.2	169.7	159.8	145.2	137.7	116.2	89.4	82.1	74.3	69.1	57.8
Research and Development
Other Operating Expenses	—	—	—	—	—	—	—	18	—	—	-8.3
Business E-Mail Compromise ('BEC') Fraud Loss
Litigation Settlement
Operating Profit	928.8	836.3	499	544.6	462.3	742.6	478.2	394.3	326.1	289.8	242.1
Operating Margin	33.7%	32.5%	25.9%	28.1%	27.3%	39.1%	37.2%	33.9%	32.1%	33.5%	36.3%
Non-Operating Income	23.2	30.6	75.2	58.2	17.8	-14.9	-28	-12.8	-12	-4.7	-2.1
Interest Expense and Other, Net
Total Non-Operating Income	23.2	30.6	75.2	58.2	17.8	-14.9	-28	-12.8	-12	-4.7	-2.1
Income Before Provision for Income Taxes	952	866.9	574.2	602.8	480.1	727.7	450.2	381.5	314.1	285	239.9
Provision for Income Taxes	113.8	93.7	73.9	78.7	65.8	111.1	69.9	58.8	117.9	27.5	26.3
Provision for Income Taxes
Consolidated Net Income	838.3	773.2	500.3	524.1	414.3	616.6	380.3	322.7	196.3	257.5	213.6
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—	—	—	—	—	—
Preferred Stock Cumulative Dividend and Accretion of Cost of Preferred Stock
Less Allocation of Net Income to Participating Preferred Stockholders
Net Income Attributable to Common Shareholders	838.3	773.2	500.3	524.1	414.3	616.6	380.3	322.7	196.3	257.5	213.6
Net Income Attributable to Common Stockholders
Basic EPS	13.1	11.8	5.8	6.8	6.1	9.8	5.8	4.5	2.5	3.2	2.5
Diluted EPS	13.1	11.8	5.8	6.7	6.1	9.8	5.8	4.5	2.5	3.1	2.5
Basic Weighted Average Shares Outstanding	60.5	60.5	60.5	60.4	61.7	63	65.4	71.4	77.2	81.5	84.4
Total Shares Outstanding	60.5	60.5	60.5	60.4	60.4	62.6	63.7	69.5	74.1	80.3	81.7
Diluted Weighted Average Shares Outstanding	60.5	60.5	60.5	60.5	61.7	63.1	65.5	71.6	78.3	83.3	85.8
EBITDA	949.7	858.2	518.2	560.9	476	754.7	485.9	401.9	333.4	296.9	248.1
Effective Tax Rate	11.9%	10.8%	12.9%	13.1%	13.7%	15.3%	15.5%	15.4%	37.5%	9.7%	11%