UNIVERSAL DISPLAY CORP \PA\
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
OLED$88.31+1.4%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $138,353 | $98,980 |
| Short-term investments | 464,004 | 393,690 |
| Accounts receivable | 119,953 | 113,648 |
| Inventory | 240,912 | 182,938 |
| Other current assets | 123,836 | 110,575 |
| Total current assets | 1,087,058 | 899,831 |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation of $189,326 and $169,877 | 214,947 | 195,239 |
| ACQUIRED TECHNOLOGY, net of accumulated amortization of $220,392 and $203,621 | 56,783 | 73,554 |
| OTHER INTANGIBLE ASSETS, net of accumulated amortization of $13,269 and $11,842 | 4,019 | 5,446 |
| GOODWILL | 15,535 | 15,535 |
| INVESTMENTS | 377,034 | 457,593 |
| DEFERRED INCOME TAXES | 79,454 | 78,320 |
| OTHER ASSETS | 128,932 | 106,815 |
| TOTAL ASSETS | $1,963,762 | $1,832,333 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $23,344 | $36,590 |
| Accrued expenses | 52,564 | 46,026 |
| Deferred revenue | 21,011 | 33,074 |
| Other current liabilities | 11,094 | 9,720 |
| Total current liabilities | 108,013 | 125,410 |
| DEFERRED REVENUE | 1,943 | 537 |
| RETIREMENT PLAN BENEFIT LIABILITY | 56,541 | 54,450 |
| OTHER LIABILITIES | 36,246 | 35,411 |
| Total liabilities | 202,743 | 215,808 |
| COMMITMENTS AND CONTINGENCIES (Note 18) | ||
| SHAREHOLDERS’ EQUITY: | ||
| Preferred Stock, par value $0.01 per share, 5,000,000 shares authorized, 200,000 shares of Series A Nonconvertible Preferred Stock issued and outstanding (liquidation value of $7.50 per share or $1,500) | 2 | 2 |
| Common Stock, par value $0.01 per share, 200,000,000 shares authorized, 48,916,606 and 48,834,541 shares issued, and 47,259,748 and 47,468,893 shares outstanding at December 31, 2025 and December 31, 2024, respectively | 489 | 488 |
| Additional paid-in capital | 744,692 | 723,719 |
| Retained earnings | 1,090,479 | 934,655 |
| Accumulated other comprehensive income (loss) | 781 | (1,055) |
| Treasury stock, at cost (1,656,858 and 1,365,648 shares at December 31, 2025 and December 31, 2024, respectively) | (75,424) | (41,284) |
| Total shareholders’ equity | 1,761,019 | 1,616,525 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $1,963,762 | $1,832,333 |
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