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.

Ticker
U
Exchange
NYSE
Sector
Technology
Industry
Software - Application
Market cap
$22.85B
52-week range
$16.78 - $52.91

Valuation

Share price
$51.49 (close of Nov 6, 2026)
P/E (TTM)
-65.18x
Price to book
7.02x
Price to free cash flow
37.66x
Enterprise value
$22.52B
Book value per share
$7.33

Price performance

PeriodChange
1 day+5.51%
5 days+36.58%
1 month+14.55%
3 months+26.17%
6 months+88.75%
Year to date+16.57%
1 year+28.95%
3 years+99.50%
5 years-66.12%
All time-24.67%

Short interest

As of
Oct 15, 2026
Short % of float
6.41%
Shares short
28.10M
Days to cover
2.88
Change since prior report
+0.29%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-12.42%
Return on invested capital
-8.74%
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%
Free cash flow growth
41.23%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.66%
Current ratio
2.16x
Net debt to EBITDA
-4.25x

Latest reported year

Period end
Dec 31, 2025
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
Interest expense
$24.01M
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%-8.74%
2024-12-3173.48%-36.63%-20.78%-13.84%
2023-12-3166.46%-37.58%-25.78%-14.11%
2022-12-3168.19%-66.21%-26.06%-14.13%
2021-12-3177.16%-47.96%-22.24%-12.62%
2020-12-3177.69%-36.55%-13.86%-12.72%
2019-12-3178.11%-30.12%-41.43%-38.25%
2018-12-3178.66%-34.56%-41.63%-40.89%

Cash and debt by year

Period endCashDebt
2025-12-31$2.06B$1.68B
2024-12-31$1.52B$2.24B
2023-12-31$1.59B$2.71B
2022-12-31$1.59B$2.71B
2021-12-31$1.74B$1.70B
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

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$0.18
2026-08-06Jun 2026$0.08
2026-05-07Mar 2026$0.03
2026-02-11Dec 2025-$0.01
2025-11-05Sep 2025-$0.02
2025-08-06Jun 2025-$0.25
2025-05-07Mar 2025-$0.38
2025-02-20Dec 2024-$0.35

Filings and sources

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

Similar companies

Shopify Inc. (SHOP) · Salesforce, Inc. (CRM) · ServiceNow, Inc. (NOW) · Uber Technologies, Inc (UBER) · Automatic Data Processing Inc (ADP) · Snowflake Inc. (SNOW) · Adobe Inc. (ADBE) · Datadog, Inc. (DDOG)

All Technology companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades