Filing Flows › Unity Software (U) › Q2 2025
Unity Software (U) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Unity Software (U) reported revenue of $441M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +1% from the quarter before. Operating margin was -26.9%, net loss $107M (24.3% of revenue).
Unity Software, Q2 2025: revenue $441M (-2% year over year), operating margin -26.9%, net loss $107M, operating cash flow $133M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $441M | +1% | -2% |
| Operating profit | −$119M | — | — |
| Net earnings | −$107M | — | — |
| Operating cash flow | $133M | +922% | +51% |
| Free cash flow | $127M | — | +59% |
What changed
Revenue was $440.9M in Q2 2025, down 2% year over year and up 1% from the previous quarter. Grow Solutions was the largest line at 65% of revenue. Grow Solutions lost $11.3M year over year (down 4%), 136% of the total change.
Gross margin was 74.1%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $118.8M, an operating margin of -26.9%. Operating expenses fell 5% while revenue fell 2%. The quarter ended with a net loss of $107.4M, wider than the previous quarter's $77.9M loss.
Operating cash flow was $133.1M (up 51% year over year). Non-cash charges added back $96.9M of depreciation and amortization and $101.6M of share-based compensation. Working capital and other items added $41.9M. After purchases of property and equipment ($6.4M), free cash flow as the company reports it was $126.7M.
Questions
What was Unity Software's revenue in the second quarter 2025?
Unity Software (U) reported revenue of $441M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +1% from the quarter before.
Was Unity Software profitable in the second quarter 2025?
Operating loss was $119M (-26.9% of revenue) and net loss $107M.
Source: Unity Software 10-Q on SEC EDGAR.