UNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Unity Software Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$40.58+0.18 (+0.45%)
Close on Oct 19, 2026
- Market cap
- $17.77B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
74.2%−3.5 pts over 5 years
Operating margin
-25.9%+9.7 pts over 5 years
Net margin
-21.8%+14.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.0% | +10.0% | +19.1% | – | |
| Gross profit | +3.0% | +13.1% | +18.0% | – | |
| Free cash flow | +41.2% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -23.2% | -12.5% | |
| Return on assets | – | -16.4% | -5.9% | |
| Current ratio | – | 4.13 | 1.84 | |
| Interest coverage | – | -180.8× | -20.0× | |
| Capex to revenue | – | 5.2% | 1.0% | |
| Diluted shares | – | 170M | 421M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Unity Software generated $1.14B from operations and spent $1.95B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$1.14B
Used
$1.95B
Capital expenditure$203.57M10%Dividends$00%Share buybacks$1.75B90%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-21.8%
×Asset turnover0.27×
×Equity multiplier2.11×
=Return on equity, FY2025-12.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -21.8% | 0.27× | 2.11× | -12.5% |
| FY2024 | -36.6% | 0.26× | 2.19× | -20.8% |
| FY2023 | -37.6% | 0.29× | 2.25× | -24.5% |
| FY2022 | -66.2% | 0.22× | 2.14× | -31.1% |
| FY2021 | -48.0% | 0.30× | 1.70× | -24.0% |
| FY2020 | -36.5% | 0.45× | 1.41× | -23.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$402.77M
- Cash generatingOperating cash flow above zero$422.96M
- Return on assets improvedROA up on the prior year-9.2% → -6.0%
- Earnings backed by cashOperating cash flow above net income$422.96M vs -$402.77M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.50 → 1.84
- No dilutionShare count did not rise396M → 421M
- Gross margin improvedGross margin up on the prior year73.48% → 74.17%
- More efficientAsset turnover rose0.25 → 0.27