Filing Flows › Ubiquiti (UI) › Q4 FY26 › vs Q4 FY25
Ubiquiti (UI) Q4 FY26 vs Q4 FY25 (year over year)
Ubiquiti's revenue rose $178M (+23%) from $759M in Q4 FY25 to $937M in Q4 FY26. Gross margin 45.8% against 45.1% (+0.6 pts).
Ubiquiti, Q4 FY26: revenue $937M (+24% year over year), operating margin 36.3%, net earnings $285M, operating cash flow $299M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 45.8% | 45.1% | +0.6 pts |
| Operating margin | 36.3% | 34.4% | +1.8 pts |
| Net margin | 30.4% | 35.1% | -4.7 pts |
| Free cash flow margin | 31.3% | 16.5% | +14.8 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $937M | $759M | $178M | +23% |
| Gross profit | $429M | $343M | $86.5M | +25% |
| Cost of revenue | $508M | $416M | $91.6M | +22% |
| Other income, net | $3.1M | −$3.2M | $6.3M | — |
| Operating profit | $340M | $261M | $78.6M | +30% |
| Operating expenses | $89.3M | $81.3M | $7.9M | +10% |
| Pre-tax earnings | $343M | $258M | $84.9M | +33% |
| Research & development | $53.0M | $47.5M | $5.5M | +12% |
| SG&A | $36.3M | $33.9M | $2.4M | +7% |
| Net earnings | $285M | $267M | $18.2M | +7% |
| Income tax | $58.2M | −$8.5M | $66.7M | — |
| Depreciation & amortization | $4.7M | $4.3M | $421K | +10% |
| Share-based compensation | $2.0M | $1.9M | $173K | +9% |
| Working capital & other | $6.9M | −$143M | $149M | — |
| Operating cash flow | $299M | $130M | $168M | +129% |
| Free cash flow (OCF − capex) | $293M | $125M | $168M | +134% |
| Capital expenditures | $5.4M | $5.2M | $220K | +4% |
Questions
How much did Ubiquiti's revenue grow year over year in Q4 FY26?
Ubiquiti's revenue rose $178M (+23%) from $759M in Q4 FY25 to $937M in Q4 FY26. Gross margin 45.8% against 45.1% (+0.6 pts).