Ubiquiti (UI) Q4 2025 earnings summary

Executive summary

• Achieved record quarterly revenue of $759.2 million, up 49.6% year-over-year and 14.3% sequentially.

• Full year revenue reached $2.6 billion, a 33.4% increase over fiscal 2024.

• GAAP diluted EPS for Q4 was $4.41, up 156.4% year-over-year; non-GAAP diluted EPS was $3.54, up 103.4%.

• Net income for Q4 was $266.7 million (GAAP) and $214.4 million (non-GAAP), both more than doubling year-over-year.

Financial highlights

• Q4 gross profit was $342.7 million, with a gross margin of 45.1%, up from 40.2% a year ago.

• Full year gross profit was $1,117.5 million, gross margin 43.4%, up from 38.4% in fiscal 2024.

• Operating income for Q4 was $261.4 million, up from $138.4 million in Q4 2024.

• R&D expenses for Q4 were $47.5 million; SG&A expenses were $33.9 million, both increasing year-over-year.

• Interest and other expenses for Q4 dropped to $3.2 million from $16.8 million a year ago.

Outlook and guidance

• Board declared a $0.80 per share cash dividend payable in September 2025 and intends to maintain at least this level quarterly in fiscal 2026, subject to review.

• New $500 million stock repurchase program authorized.