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	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	1,423.3	1,150.2	1,000.5	928	948.9	991.7
Total Revenues %Chg	42.3%	23.9%	5.4%	-6.4%	18.4%	11.4%
Revenues
Cost of Sales	784.7	671.4	622.2	566.5	557.1	622.7
Cost of Revenues
Gross Profit	638.6	478.8	378.2	361.5	391.8	368.9
Gross Profit Margin	44.9%	41.6%	37.8%	39%	41.3%	37.2%
Selling, General & Administrative Expenses	58.6	52.9	42.1	38.9	35.7	35.3
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Research & Development Expenses	91.7	78	86.6	73.2	78.7	66.4
Research and Development
Other Operating Expenses	—	—	—	—	—	—
Business E-Mail Compromise ('BEC') Fraud Loss
Litigation Settlement
Operating Profit	488.3	348	249.6	249.4	277.4	267.2
Operating Margin	34.3%	30.3%	24.9%	26.9%	29.2%	26.9%
Non-Operating Income	8.6	22	35.7	39.5	36.3	21.9
Interest Expense and Other, Net
Total Non-Operating Income	8.6	22	35.7	39.5	36.3	21.9
Income Before Provision for Income Taxes	496.9	370	285.3	288.9	313.7	289.1
Provision for Income Taxes	32.5	61.2	33.8	40.1	38.8	39.9
Provision for Income Taxes
Consolidated Net Income	464.4	308.8	251.5	248.8	274.9	249.2
Net Income Attributable to Common Shareholders	464.4	308.8	251.5	248.8	274.9	249.2
Basic EPS	7.4	4.4	3	2.8	3.4	3.4
Diluted EPS	7.4	4.4	3	2.8	3.3	3.4
Basic Weighted Average Shares Outstanding	60.5	60.5	60.5	60.4	60.4	60.4
Total Shares Outstanding	60.5	60.5	60.5	60.4	60.4	60.4
Diluted Weighted Average Shares Outstanding	60.6	60.5	60.5	60.5	60.5	60.4
EBITDA	499.5	358.7	259.2	259	286.1	274.8
Effective Tax Rate	6.5%	16.5%	11.9%	13.9%	12.4%	13.8%