Technology · Software - Application
Price
$28.23
Market Cap
$12.3B
Employees
4,987
Beta
2.05
Avg Volume
11,855,417
CEO
Matthew Samuel Bromberg
Business Description
Unity Software Inc. provides a foundational platform for developing and operating interactive, real-time 3D content. This comprehensive platform offers robust software solutions that empower users to create, deploy, and monetize dynamic 2D and 3D content across a wide array of devices, including mobile phones, tablets, personal computers, gaming consoles, and augmented and virtual reality hardware. The company serves a diverse professional base, assisting content creators, software developers, artists, designers, engineers, and architects in bringing their interactive 2D and 3D visions to life. Unity's offerings are distributed globally through various channels, including its direct online store, dedicated field sales teams, and a network of independent distributors and resellers. This extensive international presence spans numerous countries such as the United States, Canada, China, Japan, Germany, France, the United Kingdom, and many others across Europe, Asia, and South America. Founded in 2004, Unity Software maintains its corporate headquarters in San Francisco, California.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-29.41
Stock Price: $28.23
EPS (Diluted): -0.96
EPS (Diluted): -0.96
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.74
Stock Price: $28.23
Total Equity: $3.24B
Shares: 420,914,000
Total Equity: $3.24B
Shares: 420,914,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
210.82
Market Cap: $12.32B
Total Debt: $2.30B
Cash: $2.06B
EBITDA: $89.75M
Total Debt: $2.30B
Cash: $2.06B
EBITDA: $89.75M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$18.9B
Market Cap: $12.32B
Total Debt: $2.30B
Cash: $2.06B
Total Debt: $2.30B
Cash: $2.06B
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
10.05
Stock Price: $28.23
Revenue: $1.85B
Shares: 420,914,000
Revenue: $1.85B
Shares: 420,914,000
EV/Sales (Total value vs revenue — works when P/E can't)
API10.23
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
74.2%
Gross Profit: $1.37B
Revenue: $1.85B
Revenue: $1.85B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-22.8%
Operating Income: -$422.57M
Revenue: $1.85B
Revenue: $1.85B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-21.8%
Net Income: -$402.77M
Revenue: $1.85B
Revenue: $1.85B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-12.4%
Net Income: -$402.77M
Total Equity: $3.24B
Total Equity: $3.24B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-12.3%
Operating Income: -$422.57M
Tax Rate: -1.6%
Equity: $3.24B
Total Debt: $2.30B
Cash: $2.06B
Tax Rate: -1.6%
Equity: $3.24B
Total Debt: $2.30B
Cash: $2.06B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.84
Current Assets: $2.81B
Current Liabilities: $1.53B
Current Liabilities: $1.53B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.71
Short-Term Debt: $556.45M
Long-Term Debt: $1.74B
Total Debt: $2.30B
Total Equity: $3.24B
Long-Term Debt: $1.74B
Total Debt: $2.30B
Total Equity: $3.24B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.39
Revenue: $1.85B
Shares: 420,914,000
Shares: 420,914,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.69
Total Equity: $3.24B
Shares: 420,914,000
Shares: 420,914,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.96
Operating CF: $422.96M
CapEx: -$19.02M
Shares: 420,914,000
CapEx: -$19.02M
Shares: 420,914,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $28.23
Stock Price: $28.23
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$402.77M
Net Income: -$402.77M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares U against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:06pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $2.2B | $1.8B | $1.8B |
| Cost of Revenue | $253.6M | $442.5M | $733.7M | $480.9M | $477.7M |
| Gross Profit | $856.9M | $948.5M | $1.5B | $1.3B | $1.4B |
| Operating Expenses | $1.4B | $1.8B | $2.3B | $2.1B | $1.8B |
| Operating Income | -$531.7M | -$882.2M | -$832.8M | -$755.1M | -$422.6M |
| Net Income | -$532.6M | -$919.5M | -$822.0M | -$664.1M | -$402.8M |
| EBITDA | -$465.5M | -$663.4M | -$209.3M | -$234.6M | $89.8M |
| EPS | $-1.89 | $-2.96 | $-2.16 | $-1.68 | $-0.96 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:06pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $1.5B | $1.6B | $1.5B | $2.1B |
| Total Current Assets | $2.2B | $2.4B | $2.3B | $2.2B | $2.8B |
| Total Assets | $4.8B | $7.8B | $7.2B | $6.7B | $6.8B |
| Current Liabilities | $626.2M | $1.0B | $894.1M | $889.5M | $1.5B |
| Long-Term Debt | $1.7B | $2.7B | $2.7B | $2.2B | $1.7B |
| Total Liabilities | $2.4B | $4.1B | $3.8B | $3.3B | $3.3B |
| Total Equity | $2.4B | $3.5B | $3.2B | $3.2B | $3.2B |
| Retained Earnings | -$1.3B | -$2.2B | -$3.1B | -$3.7B | -$4.1B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:06pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$111.4M | -$59.4M | $234.7M | $315.6M | $423.0M |
| Capital Expenditure | -$41.9M | -$57.1M | -$55.9M | -$42.4M | -$19.0M |
| Free Cash Flow | -$153.4M | -$116.6M | $178.8M | $273.1M | $403.9M |
| Acquisitions (net) | -$1.6B | $121.5M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$1.5B | -$250.0M | $0 | $0 |
| Net Change in Cash | -$227.3M | $439.1M | $98.6M | -$76.4M | $536.4M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:35am (7h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$2.4B $2.3B – $2.6B
|
$2.8B $2.8B – $2.8B
|
$3.2B $3.0B – $3.4B
|
$3.7B $3.4B – $3.9B
|
| EBITDA |
-$523.0M -$553.5M – -$485.9M
|
-$600.7M -$601.1M – -$600.3M
|
-$694.1M -$740.0M – -$652.4M
|
-$784.4M -$836.3M – -$737.3M
|
| Net Income |
$229.3M $172.8M – $285.7M
|
$510.1M $269.4M – $555.6M
|
$96.8M $89.3M – $105.1M
|
$202.0M $186.3M – $219.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:06pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +25.3% | +57.2% | -17.1% | +2.0% |
| Gross Profit Growth | +10.7% | +53.2% | -8.3% | +3.0% |
| Operating Income Growth | -65.9% | +5.6% | +9.3% | +44.0% |
| Net Income Growth | -72.6% | +10.6% | +19.2% | +39.4% |
| EBITDA Growth | -42.5% | +68.4% | -12.1% | +138.3% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for U — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30