UI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $587.42
Market Cap (MRQ) $35.55B
P/E (TTM) 37.1
EPS (TTM) $15.85
Revenue (TTM) $3.27B
Div Yield 0.55%
ROE (TTM) 91.1%
Debt/Equity 0.0
52W Range $500–$1100

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About Ubiquiti Inc. Common Stock Company overview from Wikipedia

05 · wikidata

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.

Products

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.

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.

Security issues

U-Boot configuration extraction

In 2013, a security issue was discovered in the version of the U-Boot boot loader shipped on Ubiquiti's devices. It was possible to extract the plaintext configuration from the device without leaving a trace using Trivial File Transfer Protocol (TFTP) and an Ethernet cable, revealing information such as passwords.

While the issue is fixed in current versions of Ubiquiti hardware, despite many requests and acknowledgment that they are using GPL-protected application, Ubiquiti refused to provide the source code for the GNU General Public License (GPL)-licensed U-Boot. This made it impractical for Ubiquiti's customers to fix the issue. The GPL-licensed code was released eventually.

Upatre Trojan

It was reported by online reporter Brian Krebs, on June 15, 2015, that "Recently, researchers at the Fujitsu Security Operations Center in Warrington, UK began tracking [the] Upatre [trojan software] being served from hundreds of compromised home routers – particularly routers powered by MikroTik and Ubiquiti's airOS".

Bryan Campbell of the Fujitsu Security Operations Center in Warrington, UK was reported as saying: "We have seen literally hundreds of wireless access points and routers connected in relation to this botnet, usually AirOS ... The consistency in which the botnet is communicating with compromised routers in relation to both distribution and communication leads us to believe known vulnerabilities are being exploited in the firmware which allows this to occur."

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.

Other

In 2015, Ubiquiti revealed that it lost $46.7 million when its finance department was tricked into sending money to someone posing as an employee.

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.

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.

Russo-Ukrainian War

In January 2024, the United States Department of Justice blocked an exploit that Russian Military Unit 26165 had been using on compromised Ubiquiti Edge OS routers as part of a cyber campaign against the United States and its allies, including Ukraine.

In July 2025, Zvezda published videos from the Russian Ministry of Defense of the 25th Combined Arms Army troops installing UISP Litebeam 5AC wireless communication systems. The Russian Ministry of Defence stated the wireless technologies significantly increased the efficiency of unit management in the Russo-Ukrainian war (2022–present).

In October 2025, Russia-1 shared footage of troops of the 36th Guards Combined Arms Army unboxing a Ubiquiti Litebeam, and climbing a telecommunications pole with a Ubiquiti product in Donetsk People's Republic.

Another October 2025 article from TASS, reported 200 signal troops were involved in communication exercises in the Saint Petersburg region. A signalman can be seen logging into and using Ubiquiti's airOS operating system.

On January 27, 2026, Hunterbrook, a short seller of Ubiquiti stock, published an article outlining Russia's allegedly large-scale deployment of Ubiquiti products to the frontlines of the Russo-Ukrainian war. Hunterbrook alleges that Ubiquiti violates sanction law by not taking action to disrupt the distribution of its products to the Russian Armed Forces.

In February 2026, the Ukrainian 68th Jaeger Brigade shared footage of Ubiquiti antennaes being used by the Russian army in the Pokrovsk direction.

On March 27, 2026 the dissident group Pussy Riot protested at Ubiquiti's headquarters in New York, protesting against Ubiquiti to stop the use of their products assisting Russian military's communications. The group wore ski masks and held a sign that said "UBIQUITI POWERS RUSSIAN WAR CRIMES". Spokesperson Nadya Tolokonnikova presented footage of Ubiquiti products and step-by-step guides from Russian military telegram channels as well as list of demands.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorCommunications industryCommunications employees1,818 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$3.27B
2017-06-30 → 2026-06-30
EPS$15.85
2017-06-30 → 2026-06-30
Free Cash Flow$909M
2017-06-30 → 2026-06-30
Net margin29.3%
2017-06-30 → 2026-06-30
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend UI 5Y avg Peer Median Verdict
P/E (TTM) 37.15Y avg ≈32.1 ≈32.1 34.0 Fair value
P/S (TTM) 10.95Y avg ≈7.7 ≈7.7 8.5 Pricier
P/B (MRQ) 24.75Y avg ≈4.3 ≈4.3 10.9 Overvalued
EV / EBITDA 29.05Y avg ≈25.4 ≈25.4 35.3 Undervalued
Price / FCF (TTM) 39.15Y avg ≈14.0 ≈14.0 · ·
Price / Cash Flow (TTM) 38.35Y avg ≈11.5 ≈11.5 32.5 Overvalued
EV / Revenue 10.75Y avg ≈7.9 ≈7.9 · ·
EV / FCF 38.45Y avg ≈13.3 ≈13.3 · ·
Price / Tangible Book (MRQ) 24.75Y avg ≈52.3 ≈52.3 · ·
PEG Ratio ≈3.7 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield0.55%
Payout Ratio20.2%
Annualized Payout≈$4.00Paid quarterly
5Y Div CAGR≈14.9%Per share, split-adjusted
Growth Streak≈1Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 31, 2026$1.00USD≈0.58%
May 18, 2026$0.80USD≈0.53%
Feb 17, 2026$0.80USD≈0.43%
Nov 17, 2025$0.80USD≈0.52%
Sep 2, 2025$0.80USD≈0.49%
May 19, 2025$0.60USD≈0.56%
Feb 18, 2025$0.60USD≈0.71%
Nov 18, 2024$0.60USD≈0.72%
Sep 3, 2024$0.60USD≈1.2%
May 17, 2024$0.60USD≈1.6%
Feb 16, 2024$0.60USD≈1.9%
Nov 10, 2023$0.60USD≈2.2%
Sep 1, 2023$0.60USD≈1.4%
May 12, 2023$0.60USD≈1.4%
Feb 10, 2023$0.60USD≈0.86%
Nov 10, 2022$0.60USD≈0.81%
Sep 2, 2022$0.60USD≈0.79%
May 13, 2022$0.60USD≈1.0%
Feb 11, 2022$0.60USD≈0.92%
Nov 12, 2021$0.60USD≈0.65%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 22.1%
Next Report Nov 05, 2026
PeriodReportEPS ActualEPS EstSurprise
Dec. 31, 2026 Aug 21, 2026 $4.73 $4.15 13.9%
June 30, 2026 $4.73 $4.15 13.9%
March 31, 2026 $3.88 $4.42 -12.2%
Dec. 31, 2025 $3.88 $3.17 22.5%
Sept. 30, 2025 $3.46 $3.01 14.8%
June 30, 2025 $3.54 $2.30 54.1%
March 31, 2025 $3.00 $2.03 47.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202620252024202320222021202020192018201720162015
Revenue $3.27B$2.57B$1.93B$1.94B$1.69B$1.90B$1.28B$1.16B$1.02B$865M$666M$596M
Cost of Revenue $1.76B$1.46B$1.19B$1.18B$1.02B$986M$676M$624M$573M$470M$342M$334M
Gross Profit $1.51B$1.12B$740M$761M$670M$912M$608M$538M$444M$396M$325M$262M
R&D Expense $204M$170M$160M$145M$138M$116M$89M$82M$74M$69M$58M$55M
SG&A Expense $122M$111M$81M$71M$70M$54M$41M$43M$43M$37M$33M$22M
Operating Expenses $326M$281M$241M$216M$208M$170M$130M$143M$117M$106M$83M$115M
Operating Income $1.19B$836M$499M$545M$462M$743M$478M$394M$326M$290M$242M$147M
Interest Income $200.0K·····$1M$3M····
Other Non-op $-2M$-31M$-75M$-58M$-18M$-15M$-28M$-13M$-12M$-5M$-2M$-1M
Pretax Income $1.18B$806M$424M$486M$444M$728M$450M$381M$314M$285M$240M$146M
Income Tax $223M$94M$74M$79M$66M$111M$70M$59M$118M$28M$26M$16M
Net Income $960M$712M$350M$408M$379M$617M$380M$323M$196M$258M$214M$130M
EPS (Basic) $15.87$11.77$5.79$6.75$6.14$9.79$5.81$4.52$2.54$3.16$2.53$1.47
EPS (Diluted) $15.85$11.76$5.79$6.74$6.13$9.78$5.80$4.51$2.51$3.09$2.49$1.45
Shares (Basic) 60,510,00060,480,00060,454,00060,435,00061,689,00062,991,00065,427,00071,435,00077,179,00081,478,00084,402,00088,008,000
Shares (Diluted) 60,570,00060,534,00060,458,00060,451,00061,723,00063,052,00065,514,00071,602,00078,331,00083,252,00085,784,00089,569,000
EBITDA $1.20B$858M$518M$561M$476M$755M$486M$402M$333M$297M$248M$152M
Balance Sheet 31
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents $523M$150M$126M$115M$136M$249M$143M$238M$667M$604M$551M$446M
Short-term Investments $89M$0$0$109.0K$427.0K$1M$925.0K$70M$0···
Receivables $302M$245M$169M$168M$120M$172M$142M$156M$175M$141M$83M$66M
Inventory $780M$675M$462M$737M$262M$234M$286M$264M$102M$142M$57M$37M
Prepaid Expense $68M$56M$35M$22M$13M$17M$9M$14M$19M$9M$7M$8M
Other Current Assets ··········$7M$6M
Current Assets $1.83B$1.17B$916M$1.17B$622M$694M$587M$754M$1.00B$952M$728M$581M
PP&E (Net) $76M$73M$81M$87M$80M$79M$79M$14M$14M$13M$13M$16M
PP&E (Gross) $175M$160M$160M$154M$144M$131M$121M$49M$42M$35M$28M$25M
Accum. Depreciation $99M$86M$79M$67M$64M$52M$42M$35M$28M$22M$15M$10M
Intangibles $2M$3M$4M$6M$7M$9M$3M$3M$460.0K$437.0K$616.0K$575.0K
Other Non-current Assets $68M$67M$74M$71M$72M$72M$43M$74M$4M$2M$2M$2M
Total Assets $2.20B$1.47B$1.15B$1.41B$845M$891M$737M$876M$1.02B$973M$747M$601M
Accounts Payable $432M$165M$51M$154M$84M$112M$156M$39M$14M$49M$52M$44M
Accrued Liabilities ·······$84M$69M$33M$27M$15M
Short-term Debt $0$250M$37M$37M$24M$24M$24M$31M$24M$15M$11M$10M
Current Liabilities $627M$711M$285M$352M$311M$276M$264M$179M$113M$98M$91M$70M
Capital Leases $65M$35M$37M$46M$54M$32M$19M$0····
Deferred Tax $349.0K$334.0K$492.0K$226.0K$0·······
Other Non-current Liabilities $41M$26M$13M$8M$6M$9M$6M$8M$6M$3M··
Total Liabilities $758M$798M$1.06B$1.52B$1.23B$888M$1.03B$777M$707M$371M$307M$178M
Long-term Debt ·$250M$708M$1.08B$469M$494M$655M$498M$488M$257M$204M$98M
Total Debt $0$250M$706M$1.08B$786M$491M$653M$495M$485M$257M$204M$98M
Common Stock $61.0K$61.0K$60.0K$60.0K$60.0K$63.0K$64.0K$69.0K$74.0K$80.0K$82.0K$87.0K
Paid-in Capital $22M$17M$11M$5M$650.0K$0$447.0K$0$393.0K$525.0K$0$0
Retained Earnings $1.42B$651M$84M$-121M$-383M$3M$-296M$99M$315M$601M$440M$422M
Treasury Stock ···········$0
AOCI $-4.0K$0·$0$-474.0K$1.0K$9.0K$393.0K$0···
Stockholders' Equity $1.44B$668M$95M$-116M$-383M$3M$-295M$99M$316M$602M$440M$422M
Liabilities + Equity $2.20B$1.47B$1.15B$1.41B$845M$891M$737M$876M$1.02B$973M$747M$601M
Shares Outstanding 60,522,09160,492,10560,462,53960,441,89660,420,52562,582,85863,687,89169,472,56874,072,52180,275,96581,667,12987,413,777
Cash Flow 17
Metric Trend 202620252024202320222021202020192018201720162015
D&A $19M$22M$19M$16M$14M$12M$8M$8M$7M$7M$6M$5M
Stock-based Comp $7M$7M$6M$5M$4M$3M$3M$3M$3M$3M$4M$5M
Deferred Tax $-36M$-72M$-12M$-17M$-2M$-674.0K$-1M$262.0K$2M$-938.0K$-1M$-909.0K
Amort. of Intangibles $900.0K$2M$2M$2M········
Other Non-cash $-22M$-29M$178M$-557M$-24M$-19M$71M$-74M$123M$-155M$-25M$-4M
Operating Cash Flow $929M$640M$542M$-145M$370M$612M$460M$259M$332M$112M$198M$135M
CapEx $20M$13M$12M$21M$13M$18M$31M$52M$9M$7M$6M$13M
Investing Cash Flow $-109M$-13M$-12M$-21M$-11M$-19M$70M$-158M$-9M$-7M$-6M$-13M
Debt Issued ·········$0$0$100M
Net Debt Issued ·········$-11M$-10M$25M
Stock Repurchased ··$0$0$618M$220M$700M$468M$445M$105M$194M·
Net Stock Activity ··$0$0$-618M$-220M$-700M$-468M$-445M···
Dividends Paid $194M$145M$145M$145M$148M$101M$79M$71M$0$0$0$15M
Financing Cash Flow $-447M$-604M$-518M$145M$-472M$-486M$-625M$-530M$-260M$-52M$-87M$-23M
Net Change in Cash $373M$23M$12M$-21M$-113M$107M$-96M$-429M$62M$53M$105M$99M
Taxes Paid $290M$177M$109M$110M$78M$140M$75M$42M$10M$26M$19M$13M
Free Cash Flow $909M$627M$530M$-166M$357M$594M$430M$250M$323M$105M$191M$122M
Profitability 8
Metric Trend 202620252024202320222021202020192018201720162015
Gross Margin 46.2%43.4%38.4%39.2%39.6%48.1%47.3%46.3%43.6%45.7%48.7%44.0%
Operating Margin 36.2%32.5%25.9%28.1%27.3%39.1%37.2%33.9%32.1%33.5%36.3%24.6%
Net Margin 29.3%27.7%18.1%21.0%22.4%32.5%29.6%27.8%19.3%29.8%32.1%21.8%
Pretax Margin 36.1%31.3%22.0%25.1%26.3%38.3%35.0%32.8%30.9%32.9%36.0%24.5%
EBITDA Margin 36.8%33.4%26.9%28.9%28.1%39.8%37.8%34.6%32.8%34.3%37.3%25.5%
ROA 52.4%54.3%27.3%36.2%43.6%75.7%47.1%34.0%19.7%29.9%31.7%24.1%
ROE 78.2%148.5%578.8%-271.6%-105.5%-2144.3%-116.8%224.6%65.2%49.4%49.5%34.2%
ROIC 66.8%80.5%51.4%47.4%97.6%127.5%113.1%56.1%25.5%30.5%33.5%25.1%
Liquidity & Solvency 4
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 2.91.73.23.32.02.52.24.28.99.78.08.3
Quick Ratio 1.50.61.00.80.81.51.12.67.47.67.07.3
Debt / Equity 0.00.47.4-9.3-2.1181.9-2.25.01.50.40.50.2
LT Debt / Equity ·0.07.0-9.0-2.0173.0-2.14.71.50.40.40.2
Efficiency 3
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 1.82.01.51.71.92.31.61.21.01.01.01.1
Inventory Turnover 2.42.62.02.44.13.82.53.44.74.77.38.0
Receivables Turnover 12.012.411.413.511.612.18.67.06.57.79.09.9
Per Share 7
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share $23.80$11.05$1.57$-1.91$-6.34$0.04$-4.64$1.43$4.26$7.50$5.39$4.83
Revenue / Share $54.06$42.51$31.90$32.10$27.41$30.10$19.61$16.22$12.98$10.39$7.77$6.65
Cash Flow / Share $15.33$10.57$8.96$-2.41$6.00$9.71$7.03$3.62$4.24$1.35$2.30$1.50
Cash / Share $8.63$2.48$2.09$1.90$2.25$3.99$2.24$3.43$9.00$7.53$6.75$5.11
Dividend / Share ·········$0.00$0.00$0.17
Dividend Paid / Share $3.20$2.40$2.40$2.40$2.40$1.60$1.20$1.00····
EPS (TTM) $15.85$11.76$5.79$6.74$6.13$9.78$5.80$4.51$2.51$3.09$2.49$1.45
Growth Rates 10
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 27.2%33.5%-0.62%14.7%-10.9%47.8%······
Revenue CAGR 3Y 19.1%15.0%0.53%14.7%········
Revenue CAGR 5Y 11.5%14.9%··········
EPS YoY 34.8%103.1%-14.1%10.0%-37.3%68.6%······
EPS CAGR 3Y 33.0%24.3%-16.0%5.1%········
EPS CAGR 5Y 10.1%15.2%··········
Net Income YoY 34.9%103.4%-14.1%7.6%-38.6%62.1%······
Net Income CAGR 3Y 33.1%23.4%-17.2%2.3%········
Net Income CAGR 5Y 9.3%13.4%··········
Dividends Paid CAGR 5Y 13.9%13.0%··········
Valuation (TTM) 17
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM $3.27B$2.57B$1.93B$1.94B$1.69B$1.90B$1.28B$1.16B$1.02B$865M$666M$596M
Net Income TTM $960M$712M$350M$408M$379M$617M$380M$323M$196M$258M$214M$130M
Market Cap $32.32B$24.90B$8.81B$10.62B$15.00B$19.54B$11.12B$9.14B$6.28B$4.17B$3.16B$2.79B
Enterprise Value $31.71B$25.00B$9.39B$11.59B$15.65B$19.78B$11.63B$9.32B$6.09B$3.82B$2.81B$2.44B
P/E 33.735.025.226.140.531.930.129.233.816.815.522.0
P/S 9.99.74.65.58.910.38.77.96.24.84.74.7
P/B 22.437.392.6-91.8-39.27238.9-37.692.019.96.97.26.6
P / Tangible Book 22.537.496.9·········
P / Cash Flow 34.838.916.3-73.040.531.924.235.218.937.216.020.7
P / FCF 35.639.716.6-63.942.032.925.936.619.439.816.522.9
EV / EBITDA 26.329.118.120.732.926.223.923.218.312.911.316.1
EV / FCF 34.939.817.7-69.643.933.327.137.418.936.514.720.0
EV / Revenue 9.79.74.96.09.210.49.18.06.04.44.24.1
Dividend Yield 0.60%0.58%1.7%1.4%0.99%0.52%0.71%0.78%0.00%0.00%0.00%0.54%
Earnings Yield 3.0%2.9%4.0%3.8%2.5%3.1%3.3%3.4%3.0%5.9%6.4%4.5%
Payout Ratio 20.2%20.4%41.5%35.6%39.1%16.4%20.7%22.1%·0.00%0.00%11.6%
Annual Payout $194M$145M$145M$145M$148M$101M$79M$71M$0$0$0$15M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2026-06-302025-06-302024-06-302023-06-302022-06-30
Revenue $3.27B $2.57B $1.93B $1.94B $1.69B
Gross Margin % 46.2% 43.4% 38.4% 39.2% 39.6%
Operating Margin % 36.2% 32.5% 25.9% 28.1% 27.3%
Net Income $960M $712M $350M $408M $379M
Diluted EPS $15.85 $11.76 $5.79 $6.74 $6.13

Institutional owners (13F) 372 filers · $1.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 372
Value held $1.6B
New positions 58
Exited positions 84
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
58 (-38 vs prior Q) 84 (+43 vs prior Q) 98 (-24 vs prior Q) 140 (+41 vs prior Q) +230K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $163,010,141 305,245 10.14% Shares
RENAISSANCE TECHNOLOGIES LLC $105,921,646 198,344 6.59% Shares
SW Investment Management LLC $74,764,200 140,000 4.65% Shares
Capital World Investors $60,793,441 113,839 3.78% Shares
STATE STREET CORP $54,291,092 101,663 3.38% Shares
VANGUARD GROUP INC $53,643,410 96,943 3.34% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $48,837,044 91,450 3.04% Shares
GEODE CAPITAL MANAGEMENT, LLC $39,547,778 74,029 2.46% Shares
GOLDMAN SACHS GROUP INC $37,114,895 69,500 2.31% Shares
MORGAN STANLEY $36,829,621 68,963 2.29% Shares
AQR CAPITAL MANAGEMENT LLC $36,032,209 67,472 2.24% Shares
Invesco Ltd. $35,330,906 66,159 2.20% Shares
MILLENNIUM MANAGEMENT LLC $34,716,222 65,008 2.16% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $31,565,762 50,364 1.96% Shares
Bank of New York Mellon Corp $30,085,641 56,337 1.87% Shares
VANGUARD CAPITAL MANAGEMENT LLC $27,772,230 52,005 1.73% Shares
Walleye Capital LLC $27,412,828 51,332 1.70% Shares
JPMORGAN CHASE & CO $26,315,710 48,222 1.64% Shares
Qube Research & Technologies Ltd $24,812,102 46,462 1.54% Shares
NORGES BANK $24,268,459 45,444 1.51% Shares
FIRST TRUST ADVISORS LP $22,535,007 42,198 1.40% Shares
Gotham Asset Management, LLC $21,729,147 40,689 1.35% Shares
FEDERATED HERMES, INC. $21,017,819 39,357 1.31% Shares
Capital Impact Advisors, LLC $20,029,863 37,507 1.25% Shares
CANADA PENSION PLAN INVESTMENT BOARD $19,139,635 35,840 1.19% Shares
LONG WALK MANAGEMENT LP $18,441,124 34,532 1.15% Shares
CITIGROUP INC $18,050,213 33,800 1.12% Shares
BANK OF AMERICA CORP /DE/ $17,646,624 33,044 1.10% Shares
UBS Group AG $17,248,101 32,298 1.07% Shares
NORTHERN TRUST CORP $15,679,121 29,360 0.98% Shares
BARCLAYS PLC $15,374,190 28,789 0.96% Shares
LOGAN CAPITAL MANAGEMENT INC $13,966,487 26,153 0.87% Shares
CITADEL ADVISORS LLC $13,508,289 25,295 0.84% Shares
DEUTSCHE BANK AG\ $12,832,207 24,029 0.80% Shares
VANGUARD FIDUCIARY TRUST CO $12,817,788 24,002 0.80% Shares
Quantinno Capital Management LP $10,793,875 20,212 0.67% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $10,601,030 19,851 0.66% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $10,565,784 19,785 0.66% Shares
SALEM INVESTMENT COUNSELORS INC $10,344,937 18,228 0.64% Shares
Point72 Asset Management, L.P. $10,007,722 18,740 0.62% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $9,386,646 17,577 0.58% Shares
Legal & General Group Plc $8,866,528 16,602 0.55% Shares
FRANKLIN RESOURCES INC $8,652,354 16,202 0.54% Shares
Squarepoint Ops LLC $8,339,412 15,616 0.52% Shares
ROYAL BANK OF CANADA $8,015,000 15,007 0.50% Shares
TUDOR INVESTMENT CORP ET AL $7,748,241 14,509 0.48% Shares
OPPENHEIMER & CO INC $7,409,132 13,874 0.46% Shares
NAVELLIER & ASSOCIATES INC $7,006,490 13,120 0.44% Shares
MATHER GROUP, LLC. $6,409,116 11,293 0.40% Shares
RHUMBLINE ADVISERS $5,866,291 10,985 0.36% Shares

Show all 372 institutional owners →

Company insiders 15 insiders · 7 officers · 10 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Robert J Pera CHIEF EXECUTIVE OFFICER Aug. 28, 2017 S 56,278,181 0 0 $0
Craig L Foster CHIEF FINANCIAL OFFICER March 4, 2015 M 26,069 0 0 $0
John Ritchie Chief Financial Officer May 10, 2012 F 250,590 0 0 $0
Kevin Radigan CHIEF ACCOUNTING OFFICER Aug. 18, 2026 A 2,866 0 2 $-542,068
Benjamin Moore VP BUSINESS DEVELOPMENT Aug. 29, 2018 S 673,206 0 0 $0
John Sanford Chief Technology Officer June 17, 2014 S 280,545 0 0 $0
Jessica Zhou General Counsel & VP Sept. 3, 2013 S 104,439 0 0 $0
Ronald Sege Director Sept. 6, 2022 M 0 0 0 $0
Rafael Torres Director Nov. 11, 2016 S 10,000 0 0 $0
Steven R Altman Director Feb. 4, 2014 A 82,920 0 0 $0
Charles James Fitzgerald JR Director Sept. 11, 2013 S 4,764,079 0 0 $0
Peter Y Chung Director Sept. 11, 2013 S 4,764,079 0 0 $0
Robert M Van Buskirk Director Sept. 3, 2013 S 29,169 0 0 $0
John L Ocampo Director Nov. 28, 2012 M 349,500 0 0 $0
J. William Gurley Director Aug. 7, 2012 A 25,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 40 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IYZ · iShares Trust 2.34% 53,165 SH Sept. 11, 2026 Daily
COWG · Pacer Funds Trust 0.69% 27,594 NS July 31, 2026 N-PORT
TDVI · First Trust Exchange-Traded Fund IV 0.53% 4,958 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.48% 6,627 SH Oct. 23, 2026 Daily
TRFK · Pacer Funds Trust 0.42% 7,288 NS July 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 2,358 NS July 31, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.28% 2,351 NS July 31, 2026 N-PORT
XPND · First Trust Exchange-Traded Fund VI… 0.26% 174 NS Aug. 31, 2026 N-PORT
IDGT · iShares Trust 0.23% 2,218 SH Sept. 11, 2026 Daily
MMLG · First Trust Exchange-Traded Fund VI… 0.19% 300 NS Aug. 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.18% 6,685 SH Aug. 19, 2026 Daily
LRND · New York Life Investments ETF Trust 0.15% 1,087 NS July 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.15% 402 NS July 31, 2026 N-PORT
VFQY · VANGUARD WELLINGTON FUND 0.14% 1,204 SH Aug. 19, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 5,988 NS July 31, 2026 N-PORT
AFLG · First Trust Exchange-Traded Fund VI… 0.13% 1,627 NS Aug. 31, 2026 N-PORT
JFLI · J.P. Morgan Exchange-Traded Fund Tr… 0.10% 87 NS July 31, 2026 N-PORT
IWP · iShares Trust 0.07% 23,888 SH Sept. 11, 2026 Daily
WRND · New York Life Investments ETF Trust 0.05% 10 NS July 31, 2026 N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.04% 5,711 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.03% 48,649 SH Aug. 19, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.03% 1,327 SH Oct. 23, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.02% 282 SH Aug. 19, 2026 Daily
IWR · iShares Trust 0.02% 17,627 SH Sept. 11, 2026 Daily
VONG · VANGUARD SCOTTSDALE FUNDS 0.01% 6,768 SH Aug. 19, 2026 Daily
VEGN · ETF Series Solutions 0.01% 24 NS July 31, 2026 N-PORT
IWF · iShares Trust 0.01% 15,979 SH Sept. 11, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.01% 525 SH Oct. 23, 2026 Daily
HLAL · Listed Funds Trust 0.01% 96 NS Aug. 31, 2026 N-PORT
RECS · Columbia ETF Trust I 0.01% 584 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.00% 412 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 5,962 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.00% 185 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.00% 2,935 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 1,084 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 3,356 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.00% 690 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 363 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.00% 967 SH Aug. 19, 2026 Daily
MNZL · EA Series Trust 0.00% 1 NS July 31, 2026 N-PORT

UI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 11 analysts SELL
Median target $734.50 +25.0%
0 0.0% Strong Buy
1 9.1% Buy
3 27.3% Hold
4 36.4% Sell
3 27.3% Strong Sell

12-Month Price Target

2 analysts · 2026-10-22

Mean target $734.50 +25.0%

Now Current price $587.42
Low$489.00 Mean$734.50 High$980.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
UI $32.32B 33.7 27.2% 29.3% 78.2% 46.2%
CSCO $450.51B 34.3 11.8% 20.9% 27.1% 64.5%
ANET $164.64B 47.6 28.6% 39.0% 30.2% 64.1%
MSI $63.52B 30.1 8.0% 18.4% 104.7% 51.7%
LITE $72.38B -8.8 83.2% -230.1% -252.6% 41.7%
CIEN $26.78B 223.4 18.8% 2.6% 4.5% 42.0%
FFIV $18.64B 27.4 9.7% 22.4% 20.1% 81.4%
VIAV $11.76B -366.4 40.0% -2.0% -2.7% 57.7%
VSAT $6.25B -183.2 2.7% -0.73% -0.74% ·
AAOI $2.61B -54.5 82.8% -8.4% -6.6% 30.0%
ONDS $3.72B -15.7 605.3% -260.7% -57.0% 39.7%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-K filed Aug 21, 2026