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Ubiquiti (UI) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 22, 2025
Ubiquiti (UI) reported revenue of $759M for the fourth quarter fiscal 2025 (Q4 FY25), +50% from a year earlier and +14% from the quarter before. Operating margin was 34.4%, net earnings $267M (35.1% of revenue).
Ubiquiti, Q4 FY25: revenue $759M (+50% year over year), operating margin 34.4%, net earnings $267M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $759M | +14% | +50% |
| Gross profit | $343M | +16% | +68% |
| Operating profit | $261M | +15% | +89% |
| Net earnings | $267M | +48% | +157% |
| Operating cash flow | $130M | +5% | -44% |
| Free cash flow | $125M | +4% | -45% |
What changed
Revenue was $759.2M in Q4 FY25, up 50% year over year and up 14% from the previous quarter. Enterprise Technology was the largest line at 90% of revenue.
Gross margin was 45.1%, up 4.9 points from a year earlier. Operating profit was $261.4M, a 34.4% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 27% margin then. Operating expenses grew 24% against revenue growth of 50%. The fastest-growing cost line was SG&A (+56%). Net earnings were $266.7M, up 157% year over year. The effective tax rate was -3.3%.
Operating cash flow was $130.4M (down 44% year over year), 49% of net earnings. Non-cash charges added back $4.3M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $142.5M. Capital expenditures of $5.2M left free cash flow of $125.2M.
Questions
What was Ubiquiti's revenue in the fourth quarter fiscal 2025?
Ubiquiti (UI) reported revenue of $759M for the fourth quarter fiscal 2025 (Q4 FY25), +50% from a year earlier and +14% from the quarter before.
Was Ubiquiti profitable in the fourth quarter fiscal 2025?
Operating profit was $261M (34.4% of revenue) and net earnings $267M.
Source: Ubiquiti 10-K on SEC EDGAR.