Ubiquiti (UI) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached a record $664.2M, up 35% year-over-year, driven by Enterprise Technology sales.

• Net income for Q3 2025 was $180.4M, up 137% from Q3 2024.

• GAAP diluted EPS reached $2.98, up 137% year-over-year; non-GAAP diluted EPS was $3.00.

• Gross margin improved to 45% in Q3 2025 from 35% in Q3 2024.

• Board declared a $0.60/share quarterly dividend payable May 27, 2025.

Financial highlights

• Nine-month revenue increased 28% year-over-year to $1.81B; net income rose 81% to $445.2M.

• Operating income for Q3 2025 was $226.9M, up from $111.2M in Q3 2024.

• Diluted EPS for Q3 2025 was $2.98, compared to $1.26 in Q3 2024.

• Cash and equivalents stood at $151.0M as of March 31, 2025.

• Interest and other expenses fell to $5.4M from $18.9M year-over-year.

Outlook and guidance

• Management expects sufficient liquidity for near-term working capital, dividends, and capex needs.

• Cautions that macroeconomic volatility, tariffs, and supply chain risks may impact future results.

• Ongoing investments in enterprise and service provider technologies expected to drive growth.