Ubiquiti Inc
For the period ended Jun 30, 2024. Filed Aug 23, 2024.
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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.
FY2024 · Filed Aug 23, 2024
UI$685.94+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share amounts)
| Year ended June 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | $1,928,490 | $1,940,512 | $1,691,692 |
| Cost of revenues | 1,188,728 | 1,179,781 | 1,021,880 |
| Gross profit | 739,762 | 760,731 | 669,812 |
| Operating expenses: | |||
| Research and development | 159,768 | 145,172 | 137,689 |
| Sales, general and administrative | 80,997 | 70,993 | 69,859 |
| Total operating expenses | 240,765 | 216,165 | 207,548 |
| Income from operations | 498,997 | 544,566 | 462,264 |
| Interest expense and other, net | 75,169 | 58,224 | 17,815 |
| Income before income taxes | 423,828 | 486,342 | 444,449 |
| Provision for income taxes | 73,868 | 78,701 | 65,792 |
| Net income | $349,960 | $407,641 | $378,657 |
| Net income per share of common stock: | |||
| Basic | $5.79 | $6.75 | $6.14 |
| Diluted | $5.79 | $6.74 | $6.13 |
| Weighted average shares used in computing net income per share of common stock: | |||
| Basic | 60,454 | 60,435 | 61,689 |
| Diluted | 60,458 | 60,451 | 61,723 |
| Other comprehensive income: | |||
| Unrealized losses on available-for-sale securities | — | — | (475) |
| Other comprehensive loss | — | — | (475) |
| Comprehensive income | $349,960 | $407,641 | $378,182 |
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