Ubiquiti posted revenues of $759.2 million, up 14.3% sequentially
NEW YORK: Ubiquiti Inc. (NYSE: UI) today reported robust financial results for the fourth quarter and full year ended June 30, 2025, driven by strong performance across its Enterprise Technology platform.
For the fourth quarter, Ubiquiti posted revenues of $759.2 million, up 14.3% sequentially and 49.6% year-over-year. GAAP diluted earnings per share (EPS) reached $4.41, while non-GAAP diluted EPS came in at $3.54.
Full-year fiscal 2025 revenues totaled $2.6 billion, marking a 33.4% increase over fiscal 2024. GAAP diluted EPS for the year was $11.76, with non-GAAP EPS at $10.96.
Gross margin improved across all periods, with Q4 GAAP gross margin rising to 45.1%, up from 44.5% in Q3 and 40.2% in the prior-year quarter. Full-year gross margin climbed to 43.4%, reflecting favorable product mix and reduced inventory and operating expenses, partially offset by higher tariffs.
R&D expenses for Q4 were $47.5 million, up from $44.3 million in Q3 and $44.1 million in the prior-year quarter. Fiscal 2025 R&D spending reached $169.7 million, driven by increased employee-related and software expenses.
The Board declared a $0.80 per share cash dividend payable on September 8, 2025, to shareholders of record as of September 2. Ubiquiti also announced a new $500 million stock repurchase program, disclosed in its Form 8-K filing dated August 22, 2025.
The Company intends to maintain quarterly dividends of at least $0.80 per share throughout fiscal 2026, subject to Board approval and financial conditions.