Filing Flows › Unity Software (U) › Q4 2025
Unity Software (U) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Unity Software (U) reported revenue of $503M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +7% from the quarter before. Operating margin was -21.2%, net loss $89.4M (17.8% of revenue).
Unity Software, Q4 2025: revenue $503M (+10% year over year), operating margin -21.2%, net loss $89.4M, operating cash flow $121M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $503M | +7% | +10% |
| Operating profit | −$107M | — | — |
| Net earnings | −$89.4M | — | — |
| Operating cash flow | $121M | -22% | +8% |
| Free cash flow | $119M | — | +12% |
What changed
Revenue was $503.1M in Q4 2025, up 10% year over year and up 7% from the previous quarter. Grow Solutions was the largest line at 67% of revenue.
Gross margin was 74.3%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $106.5M, an operating margin of -21.2%. Operating expenses grew 3% against revenue growth of 10%. The fastest-growing cost line was Research & development (+15%). The quarter ended with a net loss of $89.4M, narrower than the previous quarter's $126.8M loss.
Operating cash flow was $121.4M (up 8% year over year). Non-cash charges added back $131.9M of depreciation and amortization and $92.9M of share-based compensation. Working capital and other items used $13.9M. After purchases of property and equipment ($2.8M), free cash flow as the company reports it was $118.7M.
Questions
What was Unity Software's revenue in the fourth quarter 2025?
Unity Software (U) reported revenue of $503M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +7% from the quarter before.
Was Unity Software profitable in the fourth quarter 2025?
Operating loss was $107M (-21.2% of revenue) and net loss $89.4M.
Source: Unity Software 10-K on SEC EDGAR.