The story
Founded by Robert J. Pera on Oct 2003.1
UI on NYSE
Ubiquiti
Logo: Ubiquiti Inc., Public domain, via Wikimedia Commons4
American technology company
Ubiquiti Inc. (formerly Ubiquiti Networks, Inc.) is an American technology company founded in San Jose, California, in 2003.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerUI on NYSE1
- Industrycomputer network1
- HeadquartersNew York City1
- Websitewww.ui.com
- Incorporated inDE6
- Business address685 Third Avenue, 27Th Floor, New York, Ny 100176
- Filer categoryLarge accelerated filer6
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Ubiquiti Inc. (formerly Ubiquiti Networks, Inc.) is an American technology company founded in San Jose, California, in 2003. Now based in New York City, Ubiquiti manufactures and sells wireless data communication and wired products for enterprises and homes under multiple brand names. On October 13, 2011, Ubiquiti had its initial public offering (IPO) at 7.04 million shares, at $15 per share, raising $30.5 million.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
46.2%Gross margin5
36.2%Operating margin5
29.3%Net margin5
27.2%Revenue growth, 20265
66.7%Return on equity5
$908.9MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Enterprise Technology brought in 91% of the revenue Ubiquiti broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Enterprise Technology | $1.6B | $2.3B | $3.0B |
| Service Provider Technology | $310.8M | $319.3M | $301.9M |
Regions
North America brought in 36% of the revenue Ubiquiti broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| North America | $946.4M | $1.3B | $1.7B |
| United States | $881.0M | $1.2B | $1.6B |
| EMEA | $740.1M | $999.4M | $1.2B |
| Asia Pacific | $127.9M | $168.8M | $220.2M |
| South America | $114.0M | $109.8M | $130.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue54¢$1.8B
- Research and development6¢$204.2M
- Selling, general and admin4¢$121.8M
- Income tax7¢$222.8M
- Profit29¢$960.3M
Out of $3.3B in revenue.5
Where each dollar of operating cash went, fiscal 2026
- Capital spending2¢$19.7M
- Dividends paid21¢$193.6M
- Kept or used elsewhere77¢$715.3M
Out of $928.7M of cash from operations.5
Financial statements
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Revenues | $3.3B | $2.6B | $1.9B |
| Cost of revenues | $1.8B | $1.5B | $1.2B |
| Gross profit | $1.5B | $1.1B | $739.8M |
| Research and development | $204.2M | $169.7M | $159.8M |
| Sales, general and administrative | $121.8M | $111.5M | $81.0M |
| Total operating expenses | $325.9M | $281.2M | $240.8M |
| Income from operations | $1.2B | $836.3M | $499.0M |
| Interest expense and other, net | $2.4M | $30.6M | $75.2M |
| Income before income taxes | $1.2B | $805.7M | $423.8M |
| Provision for income taxes | $222.8M | $93.7M | $73.9M |
| Net income | $960.3M | $711.9M | $350.0M |
| Basic (in dollars per share) | $15.87 | $11.77 | $5.79 |
| Diluted (in dollars per share) | $15.85 | $11.76 | $5.79 |
| Basic (in shares) | 60.5M shares | 60.5M shares | 60.5M shares |
| Diluted (in shares) | 60.6M shares | 60.5M shares | 60.5M shares |
| Unrealized (losses) gains on available-for-sale investments | -$4.0K | $0 | $0 |
| Other comprehensive (loss) income | -$4.0K | $0 | $0 |
| Comprehensive income | $960.3M | $711.9M | $350.0M |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash and cash equivalents | $522.6M | $149.7M | |
| Investments short-term | $88.6M | $0 | |
| Accounts receivable, net of allowance for doubtful accounts of $12,125 and $11,956 at June 30, 2026 and 2025 respectively | $301.7M | $244.6M | |
| Inventories | $780.4M | $675.1M | |
| Vendor deposits | $73.2M | $48.2M | |
| Prepaid expenses and other current assets | $68.0M | $55.6M | |
| Total current assets | $1.8B | $1.2B | |
| Property and equipment, net | $75.9M | $73.5M | |
| Operating lease right-of-use assets, net | $75.9M | $44.7M | |
| Deferred tax assets | $143.9M | $108.0M | |
| Other long-term assets | $68.1M | $67.1M | |
| Total assets | $2.2B | $1.5B | |
| Accounts payable | $432.2M | $164.8M | |
| Income taxes payable | $10.8M | $40.7M | |
| Debt short-term | $0 | $249.6M | |
| Other current liabilities | $183.6M | $255.8M | |
| Total current liabilities | $626.6M | $710.9M | |
| Income taxes payable long-term | $24.8M | $25.5M | |
| Operating lease liabilities long-term | $65.3M | $35.5M | |
| Deferred tax liability | $349.0K | $334.0K | |
| Other long-term liabilities | $40.9M | $26.0M | |
| Total liabilities | $757.9M | $798.2M | |
| Preferred stock$0.001 par value; 50,000,000 shares authorized; none issued | $0 | $0 | |
| Common stock$0.001 par value; 500,000,000 shares authorized: 60,522,091 and 60,492,105 issued and outstanding at June 30, 2026 and 2025, respectively | $61.0K | $61.0K | |
| Additional paidin capital | $22.4M | $17.1M | |
| Accumulated other comprehensive (loss) | -$4.0K | $0 | |
| Retained earnings | $1.4B | $651.1M | |
| Total stockholders equity | $1.4B | $668.3M | $95.1M |
| Total liabilities and stockholders equity | $2.2B | $1.5B | |
| Allowance for doubtful accounts receivable | $12.1M | $12.0M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 500.0M shares | 500.0M shares | |
| Common stock, issued (in shares) | 60.5M shares | 60.5M shares | |
| Common stock, shares outstanding (in shares) | 60.5M shares | 60.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Net income | $960.3M | $711.9M | $350.0M |
| Depreciation and amortization | $18.9M | $21.9M | $19.3M |
| Amortization of debt issuance costs | $1.0M | $2.0M | $1.7M |
| Provision for excess and obsolete inventory | $4.1M | $6.7M | $23.9M |
| Provision for loss on vendor deposits | $4.5M | $11.1M | $20.0M |
| Share-based compensation | $7.4M | $7.2M | $6.4M |
| Deferred taxes, net | -$35.9M | -$72.2M | -$12.0M |
| Provision for bad debt | $169.0K | $11.5M | -$574.0K |
| Other, net | $1.6M | -$685.0K | $745.0K |
| Accounts receivable | -$57.2M | -$86.9M | -$1.8M |
| Inventories | -$109.5M | -$219.9M | $250.7M |
| Vendor deposits | -$29.5M | $64.2M | -$18.3M |
| Prepaid expenses and other assets | -$12.9M | -$16.3M | -$17.6M |
| Accounts payable | $266.7M | $113.5M | -$103.1M |
| Income taxes payable | -$30.7M | -$10.8M | -$17.1M |
| Deferred revenues | $34.2M | $30.1M | $6.6M |
| Accrued and other liabilities | -$94.6M | $66.8M | $32.6M |
| Net cash provided by (used in) operating activities | $928.7M | $640.0M | $541.5M |
| Purchase of property and equipment and other long-term assets | -$19.7M | -$12.6M | -$12.0M |
| Purchase of investments | -$89.4M | $0 | $0 |
| Proceeds from maturities of investments | $53.0K | $0 | $0 |
| Net cash used in investing activities | -$109.1M | -$12.6M | -$12.0M |
| Proceeds from borrowing | $0 | $30.0M | $0 |
| Debt issuance costs | -$1.0M | $0 | $0 |
| Payment of common stock cash dividends | -$193.6M | -$145.2M | -$145.1M |
| Tax withholdings related to net share settlements of restricted stock units | -$2.1M | -$778.0K | -$434.0K |
| Net cash (used in) provided by financing activities | -$446.8M | -$604.1M | -$518.0M |
| Net increase (decrease) in cash and cash equivalents | $372.9M | $23.4M | $11.5M |
| Income taxes paid, net of refunds | $290.0M | $177.2M | $108.6M |
| Interest paid | $5.1M | $31.0M | $75.1M |
| Right-of-use asset recognized | $46.5M | $10.6M | $4.4M |
| Unpaid property and equipment and other long-term assets | $2.2M | $1.4M | $1.3M |
Leadership
Who has led Ubiquiti, and when. Pick a name to see everywhere that person has worked.
- FounderRobert J. Pera1
Products and brands
- VoIP phone
- antenna
- customer-premises equipment
- electrical cable
- network bridge
- network switch
- router
- security camera
- video camera
- wireless access point
- wireless router
Listed on Wikidata.1
Ubiquiti's first product line was its "Super Range" mini-PCI radio card series, which was followed by other wireless products.
The company's Xtreme Range (XR) cards operated on non-standard IEEE 802.11 bands, which reduced the impact of congestion in the 2.4 GHz and 5.8 GHz bands. In August 2007 a group of Italian amateur radio operators set a distance world record for point-to-point links in the 5.8 GHz spectrum. Using two XR5 cards and a pair of 35 dBi dish antennas, the Italian team was able to establish a 304 km (about 188 mi) link at data rates between 4 and 5 Mbit/s.
The company (under its "Ubiquiti Labs" brand) also manufactures a home-oriented wireless mesh network router and access point combination device, as a consumer-level product called AmpliFi.
Brands
Ubiquiti product lines include UniFi, AmpliFi, EdgeMax, UISP, airMAX, airFiber, GigaBeam, and UFiber.
Read the full text
Their most well known product line is UniFi which is focused on home, prosumer, business wired and wireless networking in addition to IP cameras, physical access control systems, and VoIP phones. The EdgeMax product line is dedicated to wired networking, containing only routers and switches. UISP, announced in 2020, is a range of products for internet service providers.
airMAX is a product line dedicated to creating point-to-point (PtP) and point-to-multi-point (PtMP) links between networks. airFiber and UFiber are used by wireless and fiber Internet service providers (ISP) respectively.
Software products
Ubiquiti develops a variety of software controllers for their various products including access points, routers, switches, cameras, and locks. These controllers manage all connected devices and provide a single point for configuration and administration. The software is included as part of UniFi OS, an operating system that runs on devices called UniFi OS Consoles (UniFi Dream Machine, Dream Wall, Dream Router, Cloud Key).
The UniFi Network controller can alternatively be installed on Linux, FreeBSD, macOS, or Windows, while the other applications included with UniFi OS such as UniFi Protect and UniFi Access must be installed on a UniFi OS Console device.
WiFiman is an internet speed test and network analyzer tool that is integrated into most Ubiquiti products. It has mobile apps and a web version.
From Wikipedia’s article on Ubiquiti, shared under CC BY-SA 4.0.7
Employees over time
Former names
- Ubiquiti Networks, Inc.Jun 17, 2011 to Aug 19, 20196
Controversies and legal
2021 alleged data breach and lawsuit
In January 2021, a potential data breach of cloud accounts was reported, with customer credentials having potentially been exposed to an unauthorized third party.
In March 2021 security blogger Brian Krebs reported that a whistleblower disclosed that Ubiquiti's January statement downplayed the extent of the data breach in an effort to protect the company's stock price. Furthermore, the whistleblower claimed that the company's response to the breach put the security of its customers at risk. Ubiquiti responded to Krebs's reporting in a blog post, stating that the attacker "never claimed to have accessed any customer information" and "unsuccessfully attempted to extort the company by threatening to release stolen source code and specific IT credentials." Ubiquiti further wrote that they "believe that customer data was not the target of, or otherwise accessed in connection with, the incident."
On December 1, 2021, the United States Attorney for the Southern District of New York charged a former high-level employee of Ubiquiti for data theft and wire fraud, alleging that the "data breach" was in fact an inside job aimed at extorting millions of dollars from the company. The indictment also claimed that the employee caused further damage "by causing the publication of misleading news articles about the company's handling of the breach that he perpetrated, which were followed by a significant drop in the company's share price associated with the loss of billions of dollars in its market capitalization." The Verge reported that the indictment shed new light on the supposed breach and appeared to back up Ubiquiti's statement that no customer data was compromised.
In March 2022, Ubiquiti filed a lawsuit against Brian Krebs, alleging defamation for his reporting on their security issues. Both parties resolved their dispute outside the court in September 2022.
Legal difficulties
United States sanctions against Iran
In March 2014, Ubiquiti agreed to pay $504,225 to the Office of Foreign Assets Control after it allegedly violated U.S. sanctions against Iran.
Open-source licensing compliance
In 2015, Ubiquiti was accused of violating the terms of the GNU General Public License (GPL) for open-source code used in their products. The original source of the complaint updated their website on May 24, 2017, when the issue was resolved. In 2019, Ubiquiti was reported as again being in violation of the GPL.
Read the full text
Ukraine human rights lawsuit
In August 2026, DiCello Levitt filed a human rights lawsuit against Ubiquiti on behalf of Ukrainian civilians and families, alleging that the company's networking technology helped power Russian battlefield communications used in drone attacks against civilians in Ukraine.
From Wikipedia’s article on Ubiquiti, shared under CC BY-SA 4.0.7
Timeline
Recent filings
- Aug 21, 202610-K
- Aug 21, 20268-K
- Aug 20, 20264
- May 29, 2026SD
- May 15, 20264
- May 13, 2026144
- May 8, 202610-Q
- May 8, 20268-K
- Feb 6, 202610-Q
- Feb 6, 20268-K
- Dec 5, 20258-K
- Nov 14, 20254
- Nov 12, 2025144
- Nov 7, 202510-Q
- Nov 7, 20258-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.ui.com1
- X (Twitter)x.com/ubiquiti1
- Facebookwww.facebook.com/UI.Taiwan1
- Instagramwww.instagram.com/uieverywhere1
- WikipediaUbiquiti
- WikidataQ7876533
- SEC EDGARCIK 1511737
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataUbiquiti on Wikidata
- 2SEC EDGARUbiquiti filings on SEC EDGAR
- 3WikipediaUbiquiti on Wikipedia
- 4Wikimedia CommonsUbiquiti logo by Ubiquiti Inc., Public domain
- 5SEC EDGARUbiquiti 10-K for fiscal 2026
- 6SEC EDGARUbiquiti filings on SEC EDGAR
- 7
- 8Wikimedia CommonsUbiquiti photo by Lluis tgn, CC BY-SA 4.0
- 9SEC EDGARUbiquiti 10-K for fiscal 2019
- 10SEC EDGARUbiquiti 10-K for fiscal 2020
- 11SEC EDGARUbiquiti 10-K for fiscal 2021
- 12SEC EDGARUbiquiti 10-K for fiscal 2022
- 13SEC EDGARUbiquiti 10-K for fiscal 2023
- 14SEC EDGARUbiquiti 10-Q for fiscal 2025
- 15SEC EDGARUbiquiti 10-Q for fiscal 2026
- 16SEC EDGARUbiquiti 10-K for fiscal 2019