Unity Software Inc. (U)

Unity Software Inc. operates a platform to develop, deploy, and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States, China, Hong Kong, Taiwan, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America. The company's platform offers artificial intelligence solutions that support developers through the entire development lifecycle, which includes prototyping, live service operation, user acquisition, and monetization. It also provides Create Solutions, a set of tools and services used to build, ship, and run real-time 2D and 3D content; and Grow Solutions, which allows customers to grow and engage their user base and monetize their content. In addition, the company offers enterprise support and consumption services; professional services, including consulting, platform integration, training, and custom application and workflow development services; and advertising and game publishing services. It provides its solutions directly through its online store, field sales operations, independent distributors, and resellers. The company serves enterprises, mid-market companies, government, and non-profit institutions; mid-sized, small, and independent businesses; and individuals from various industries. Unity Software Inc. was founded in 2004 and is headquartered in San Francisco, California.

Symbol
U
Exchange
NYSE
Sector
Technology
Industry
Software - Application
Market cap
$18.97B
52 week range
16.78 - 52.15

Valuation

Share price
$43.55 (close of 2026-09-23)
P/E (TTM)
-31.70x
Price to book
6.24x
Price to free cash flow
35.23x
Enterprise value
$18.85B
Book value per share
$6.91

Price performance

PeriodChange
1 day+0.79%
5 days+1.26%
1 month-7.20%
3 months+57.73%
6 months+133.51%
Year to date-1.40%
1 year-2.18%
3 years+37.77%
5 years-69.10%
All time-36.28%

Profitability and growth

Return on equity
-12.42%
Return on invested capital
-14.00%
Return on assets
-5.89%
Return on capital employed
-9.02%
Gross margin
74.17%
Net margin
-21.78%
EBITDA margin
-0.98%
Revenue growth
2.01%
Net income growth
39.35%
Free cash flow growth
41.23%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.84%
Current ratio
2.03x
Net debt to EBITDA
1.36x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.85B
Cost of revenue
$477.74M
Gross profit
$1.37B
EBITDA
$-18.11M
Net income
$-402.76M
Earnings per share
$-0.96
Research and development
$929.52M
Shares outstanding
420.91M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.85B$1.37B$-402.76M$-0.96
2024-12-31$1.81B$1.33B$-664.11M$-1.68
2023-12-31$2.19B$1.45B$-822.01M$-2.16
2022-12-31$1.39B$948.52M$-921.06M$-2.96
2021-12-31$1.11B$856.90M$-532.61M$-1.89
2020-12-31$772.45M$600.10M$-282.31M$-1.66
2019-12-31$541.78M$423.18M$-163.19M$-2.39
2018-12-31$380.75M$299.49M$-131.60M$-1.24

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3174.17%-21.78%-12.42%-14.00%
2024-12-3173.48%-36.63%-20.78%-19.20%
2023-12-3166.46%-37.58%-25.78%-19.32%
2022-12-3168.19%-66.21%-26.06%-18.95%
2021-12-3177.16%-47.96%-22.24%-68.73%
2020-12-3177.69%-36.55%-13.86%-30.93%
2019-12-3178.11%-30.12%-41.43%-57.08%
2018-12-3178.66%-34.56%-41.63%-225.23%

Cash and debt by year

Period endCash
2025-12-31$2.06B
2024-12-31$1.52B
2023-12-31$1.59B
2022-12-31$1.59B
2021-12-31$1.74B
2020-12-31$1.27B
2019-12-31$129.96M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$403.93M$385.21M
2024-12-31$286.00M$596.25M
2023-12-31$178.78M$648.70M
2022-12-31$-116.57M$550.07M
2021-12-31$-153.39M$347.16M
2020-12-31$-20.24M$134.63M
2019-12-31$-94.97M$30.96M
2018-12-31$-119.08M$20.63M

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$0.18

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026$0.08
2026-05-07--
2026-02-11--
2025-11-05--
2025-08-06--
2025-05-07--
2025-02-20--
2024-11-07--

Filings and sources

Company website
unity.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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