Unity Software Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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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.
FY2025 · Filed Feb 11, 2026
U$50.34-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Table of Contents | Unity Software Inc. |
|---|
| UNITY SOFTWARE INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| (In thousands) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net loss | $(401,493) | $(664,287) | $(826,322) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 460,944 | 408,980 | 563,916 |
| Stock-based compensation expense | 385,214 | 596,249 | 648,696 |
| Gain on repayment of convertible note | (42,744) | (61,371) | — |
| Impairment of property and equipment | 5,882 | 22,791 | — |
| Other | (3,683) | 23,309 | 24,613 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable, net | (69,078) | 37,359 | 21,791 |
| Prepaid expenses and other | 24,071 | (11,203) | 20,314 |
| Other assets | 33,819 | (2,746) | 45,047 |
| Accounts payable | (545) | 742 | (6,313) |
| Accrued expenses and other | 4,361 | (6,671) | (21,069) |
| Publisher payables | 37,210 | 9,170 | (60,509) |
| Other long-term liabilities | (44,825) | (47,963) | (47,245) |
| Deferred revenue | 33,822 | 11,194 | (128,219) |
| Net cash provided by operating activities | 422,955 | 315,553 | 234,700 |
| Investing activities | |||
| Purchases of short-term investments | — | — | (212) |
| Proceeds from principal repayments and maturities of short-term investments | — | — | 102,673 |
| Purchases of non-marketable investments | (2,000) | — | (2,500) |
| Purchases of intangible assets | (3,000) | (12,860) | — |
| Purchases of property and equipment | (19,024) | (29,549) | (55,921) |
| Net cash provided by (used in) investing activities | (24,024) | (42,409) | 44,040 |
| Financing activities | |||
| Proceeds from issuance of convertible notes | 690,000 | — | — |
| Purchase of capped calls | (44,436) | — | — |
| Payment of debt issuance costs | (13,236) | — | — |
| Repayments of convertible note | (641,691) | (414,999) | — |
| Repurchase and retirement of common stock | — | — | (250,000) |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | 119,454 | 76,692 | 75,985 |
| Net cash provided by (used in) financing activities | 110,091 | (338,307) | (174,015) |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 27,398 | (11,223) | (6,146) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 536,420 | (76,386) | 98,579 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,527,881 | 1,604,267 | 1,505,688 |
| Cash, cash equivalents, and restricted cash, end of period | $2,064,301 | $1,527,881 | $1,604,267 |
| Table of Contents | Unity Software Inc. |
|---|
| UNITY SOFTWARE INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED | |||
| (In thousands) | |||
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $20,000 | $20,000 | $20,389 |
| Cash paid for income taxes, net of refunds | $10,589 | $26,363 | $22,471 |
| Cash paid for operating leases | $46,328 | $49,974 | $42,905 |
| Supplemental disclosures of non‑cash investing and financing activities: | |||
| Assets acquired under operating lease | $18,555 | $24,459 | $43,831 |
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