A Business at a Glance
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Unity Software Inc.
U
$12.0B
Mkt Cap
$28.62
-1.11%
Unity Software Inc. (U) has a 5-year average return on invested capital (ROIC) of -14.4%. This is below average and may indicate limited pricing power.
Unity Software Inc. (U) has a market capitalization of $12.5B. It is classified as a large-cap stock.
Unity Software Inc. (U) does not currently pay a regular dividend.
Unity Software Inc. (U) operates in the Services-Prepackaged Software industry, within the Technology sector.
Unity Software Inc. (U) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Unity Software Inc. (U) has a net profit margin of -21.8%. The company is currently unprofitable.
Unity Software Inc. (U) generated $404 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Unity is the leading platform to develop, deploy, and grow games and interactive experiences. We offer a suite of tools across all major platforms from mobile, PC, and console, to extended reality (XR). Our comprehensive set of software, including AI solutions, supports developers through the entire development lifecycle – from prototyping to live service operation, user acquisition, and monetization. Our platform is used by creators of all types - such as developers, artists, and designers - to build content in gaming and non-gaming industries, including automotive, retail, manufacturing, healthcare, public sector, robotics, architecture, civil and mechanical engineering, design and construction. Our platform consists of two complementary sets of solutions: Create Solutions and Grow Solutions. Create Solutions Our Create Solutions are a robust set of tools and services used to build, ship and run high-definition, real-time 2D and 3D content.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.8B | 1.8B | 2.2B | 1.4B | 1.1B |
| Net Income | -673M | -403M | -664M | -822M | -921M | -533M |
| EPS | $-1.56 | $-0.96 | $-1.68 | $-2.16 | $-2.96 | $-1.89 |
| Free Cash Flow | 463M | 404M | 286M | 179M | -117M | -153M |
| ROIC | -18.1% | -7.8% | -11.7% | -13.6% | -21.3% | -17.4% |
| Gross Margin | 62.8% | 74.2% | 73.5% | 66.5% | 68.2% | 77.2% |
| Debt/Equity | 0.75 | 0.72 | 0.74 | 0.90 | 0.81 | 0.76 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -703M | -479M | -755M | -833M | -882M | -532M |
| Operating Margin | -36.5% | -25.9% | -41.6% | -38.1% | -63.4% | -47.9% |
| ROE | -22.6% | -12.5% | -20.8% | -24.5% | -31.1% | -24.0% |
| Shares Outstanding | 436M | 420M | 395M | 381M | 311M | 282M |
| Metric | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 381M | 542M | 772M | 1.1B | 1.4B | 2.2B | 1.8B | 1.8B | 1.9B |
| Gross Margin | 78.7% | 78.1% | 77.7% | 77.2% | 68.2% | 66.5% | 73.5% | 74.2% | 62.8% |
| R&D | 204M | 256M | 404M | 696M | 959M | 1.1B | 925M | 930M | 963M |
| SG&A | 91M | 144M | 255M | 348M | 373M | 398M | 410M | 269M | 260M |
| EBIT | -130M | -151M | -275M | -532M | -882M | -833M | -755M | -479M | -703M |
| Op. Margin | -34.2% | -27.8% | -35.6% | -47.9% | -63.4% | -38.1% | -41.6% | -25.9% | -36.5% |
| Net Income | -132M | -273M | -282M | -533M | -921M | -822M | -664M | -403M | -673M |
| Net Margin | -34.6% | -50.5% | -36.5% | -48.0% | -66.2% | -37.6% | -36.6% | -21.8% | -35.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 170M | 293M | 26M | 5.9M | 5.9M |
| Returns on Capital | |||||||||
| ROIC | N/A | -77.0% | -23.2% | -17.4% | -21.3% | -13.6% | -11.7% | -7.8% | -18.1% |
| ROE | N/A | -77.0% | -23.2% | -24.0% | -31.1% | -24.5% | -20.8% | -12.5% | -22.6% |
| ROA | N/A | -71.3% | -16.4% | -14.2% | -14.5% | -10.9% | -9.5% | -5.9% | -10.3% |
| Cash Flow | |||||||||
| Op. Cash Flow | -81M | -68M | 20M | -111M | -59M | 235M | 316M | 423M | 481M |
| Free Cash Flow | -119M | -95M | -20M | -153M | -117M | 179M | 286M | 404M | 463M |
| Owner Earnings | -122M | -130M | -158M | -523M | -821M | -978M | -690M | -423M | -374M |
| CapEx | 38M | 27M | 40M | 42M | 57M | 56M | 30M | 19M | 18M |
| Maint. CapEx | 21M | 31M | 43M | 65M | 212M | 564M | 409M | 461M | 492M |
| Growth CapEx | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 21M | 31M | 43M | 65M | 212M | 564M | 409M | 461M | 492M |
| CapEx/OCF | N/A | N/A | 201.7% | N/A | N/A | 23.8% | 9.4% | 4.5% | 3.8% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 286M | 110K | 0 | 1.5B | 250M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | 0.0% | N/A | 18.2% | 1.5% | N/A | N/A | 0.0% |
| Stock-Based Comp | 21M | 31M | 135M | 347M | 550M | 649M | 596M | 385M | 364M |
| Debt Repayment | 0 | 370K | 247K | 23M | 379K | 0 | 415M | 642M | 642M |
| Balance Sheet | |||||||||
| Net Debt | N/A | N/A | -1.6B | 82M | 1.3B | 1.3B | 836M | 269M | 96M |
| Cash & Equiv. | 259M | 130M | 1.3B | 1.1B | 1.5B | 1.6B | 1.5B | 2.1B | 2.1B |
| Long-Term Debt | N/A | N/A | 0 | 1.7B | 2.7B | 2.7B | 2.2B | 1.7B | 1.7B |
| Debt/Equity | N/A | 0.94 | 0.06 | 0.76 | 0.81 | 0.90 | 0.74 | 0.72 | 0.75 |
| Interest Coverage | N/A | N/A | -180.8 | -470.1 | -119.2 | -33.9 | -32.1 | -20.0 | -20.0 |
| Equity | N/A | 394M | 2.0B | 2.4B | 3.5B | 3.2B | 3.2B | 3.2B | 3.0B |
| Total Assets | N/A | 763M | 2.7B | 4.8B | 7.8B | 7.2B | 6.7B | 6.8B | 6.5B |
| Total Liabilities | 2.4M | 369M | 634M | 2.4B | 4.1B | 3.8B | 3.3B | 3.3B | 3.3B |
| Intangibles | N/A | 62M | 57M | 814M | 1.9B | 1.4B | 1.1B | 651M | 263M |
| Retained Earnings | N/A | -515M | -797M | -1.3B | -2.2B | -3.1B | -3.7B | -4.1B | -4.5B |
| Working Capital | 8.9M | 31M | 1.6B | 1.5B | 1.4B | 1.4B | 1.3B | 1.3B | 1.4B |
| Current Assets | 11M | 367M | 2.1B | 2.2B | 2.4B | 2.3B | 2.2B | 2.8B | 2.9B |
| Current Liabilities | 2.4M | 337M | 503M | 626M | 1.0B | 894M | 889M | 1.5B | 1.5B |
| Per Share Data | |||||||||
| EPS | -1.24 | -2.39 | -1.66 | -1.89 | -2.96 | -2.16 | -1.68 | -0.96 | -1.56 |
| Owner EPS | -1.15 | -1.14 | -0.93 | -1.86 | -2.64 | -2.57 | -1.74 | -1.01 | -0.86 |
| Book Value | N/A | 3.44 | 11.98 | 8.50 | 11.34 | 8.36 | 8.07 | 7.72 | 6.82 |
| Cash Flow/Share | -0.76 | -0.59 | 0.12 | -0.40 | -0.19 | 0.62 | 0.80 | 1.01 | -0.41 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 106.1M | 114.4M | 170.1M | 281.8M | 311.2M | 380.6M | 395.3M | 419.5M | 436.4M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -18.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 90.9 | 31.6 | 46.9 | 27.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 13.1 | 16.9 | 2.3 | 5.1 | 2.8 | 5.9 | 4.2 |
| Price/Sales | N/A | N/A | 25.4 | 31.3 | 13.3 | 5.8 | 5.0 | 6.9 | 6.5 |
| FCF Yield | N/A | N/A | -0.1% | -0.4% | -1.4% | 1.1% | 3.2% | 2.1% | 3.7% |
| Market Cap | 0 | N/A | 26.6B | 40.4B | 8.3B | 16.2B | 9.0B | 18.9B | 12.5B |
| Avg. Price | 0.00 | N/A | 115.41 | 123.49 | 59.56 | 33.29 | 23.06 | 30.57 | 28.62 |
| Year-End Price | 0.00 | N/A | 156.44 | 143.52 | 26.52 | 42.68 | 22.84 | 45.15 | 28.62 |
Unity Software Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 30.7x vs a median of 46.9x. The company's 5-year average gross margin is 71.9%. At current prices, the estimated annualized return to fair value is +106.8%.
Unity Software Inc. (U) has a debt-to-equity ratio of 0.72. This indicates moderate leverage.
Unity Software Inc. (U) reported earnings per share (EPS) of $-0.96 in its most recent fiscal year.
Unity Software Inc. (U) has a return on equity (ROE) of -12.5%. A negative ROE may indicate losses or negative equity.
Unity Software Inc. (U) has a 5-year average gross margin of 71.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for Unity Software Inc. (U), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Unity Software Inc. (U) has a book value per share of $7.72, based on its most recent annual SEC filing.