UNIVERSAL DISPLAY CORP \PA\

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

About 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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(in thousands, except share and per share data)

	Year Ended December 31,
	2025	2024	2023
REVENUE:
Material sales	$352,974	$365,419	$322,029
Royalty and license fees	275,134	266,820	238,389
Contract research services	22,503	15,445	16,011
Total revenue	650,611	647,684	576,429
COST OF SALES	154,126	148,461	135,376
Gross margin	496,485	499,223	441,053
OPERATING EXPENSES:
Research and development	146,097	157,187	130,481
Selling, general and administrative	74,318	74,286	67,387
Amortization of acquired technology and other intangible assets	18,198	18,200	15,993
Patent costs	8,790	8,699	9,356
Royalty and license expense	504	2,048	647
Total operating expenses	247,907	260,420	223,864
OPERATING INCOME	248,578	238,803	217,189
Interest income, net	39,708	40,682	28,166
Other income (loss), net	6,510	(7,357)	(184)
Interest and other income, net	46,218	33,325	27,982
INCOME BEFORE INCOME TAXES	294,796	272,128	245,171
INCOME TAX EXPENSE	(52,721)	(50,049)	(42,160)
NET INCOME	$242,075	$222,079	$203,011
NET INCOME PER COMMON SHARE:
BASIC	$5.09	$4.66	$4.25
DILUTED	$5.08	$4.65	$4.24
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:
BASIC	47,548,046	47,548,931	47,559,669
DILUTED	47,658,295	47,652,662	47,622,763
CASH DIVIDEND DECLARED PER COMMON SHARE	$1.80	$1.60	$1.40

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.