Filing Flows › Unity Software (U) › Q3 2025
Unity Software (U) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Unity Software (U) reported revenue of $471M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +7% from the quarter before. Operating margin was -26.7%, net loss $127M (26.9% of revenue).
Unity Software, Q3 2025: revenue $471M (+5% year over year), operating margin -26.7%, net loss $127M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $471M | +7% | +5% |
| Operating profit | −$126M | — | — |
| Net earnings | −$127M | — | — |
| Operating cash flow | $155M | +17% | +27% |
| Free cash flow | $151M | — | +31% |
What changed
Revenue was $470.6M in Q3 2025, up 5% year over year and up 7% from the previous quarter. Grow Solutions was the largest line at 68% of revenue. Grow Solutions added $19.1M year over year (up 6%), 79% of the total change.
Gross margin was 74.4%, down 0.5 points from a year earlier. Operating costs exceeded revenue by $125.9M, an operating margin of -26.7%. Operating expenses grew 3% against revenue growth of 5%. The fastest-growing cost line was Research & development (+14%). The quarter ended with a net loss of $126.8M, wider than the previous quarter's $107.4M loss.
Operating cash flow was $155.4M (up 27% year over year). Non-cash charges added back $135.9M of depreciation and amortization and $92.0M of share-based compensation. Working capital and other items added $54.4M. After purchases of property and equipment ($4.1M), free cash flow as the company reports it was $151.3M.
Questions
What was Unity Software's revenue in the third quarter 2025?
Unity Software (U) reported revenue of $471M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +7% from the quarter before.
Was Unity Software profitable in the third quarter 2025?
Operating loss was $126M (-26.7% of revenue) and net loss $127M.
Source: Unity Software 10-Q on SEC EDGAR.