NEW YORK--(BUSINESS WIRE)--Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the second quarter ended December 31, 2024.
Second Quarter Fiscal 2025 Financial Summary
- Revenues of $599.9 million
- GAAP diluted EPS of $2.26
- Non-GAAP diluted EPS of $2.28
Additional Financial Highlight
- The Company's Board of Directors declared a $0.60 per share cash dividend payable on February 24, 2025 to shareholders of record at the close of business on February 18, 2025.
Financial Highlights ($, in millions, except per share data)
| Income statement highlights | F2Q25 | F1Q25 | F2Q24 | |||
|---|---|---|---|---|---|---|
| Revenues | 599.9 | 550.3 | 465.0 | |||
| Enterprise Technology | 518.2 | 470.2 | 391.5 | |||
| Service Provider Technology | 81.7 | 80.2 | 73.5 | |||
| Gross profit | 247.2 | 231.6 | 177.6 | |||
| Gross Profit (%) | 41.2% | 42.1% | 38.2% | |||
| Total Operating Expenses | 68.4 | 62.4 | 56.5 | |||
| Income from Operations | 178.8 | 169.2 | 121.1 | |||
| GAAP Net Income | 136.8 | 128.0 | 82.1 | |||
| GAAP EPS (diluted) | 2.26 | 2.12 | 1.36 | |||
| Non-GAAP Net Income | 138.1 | 129.3 | 83.3 | |||
| Non-GAAP EPS (diluted) | 2.28 | 2.14 | 1.38 |
Use of Non-GAAP Financial Information
To supplement our condensed consolidated financial results prepared under generally accepted accounting principles, or GAAP, we use non-GAAP measures of net income and earnings per diluted share that are adjusted to exclude certain costs, expenses and gains such as share-based compensation expense and the tax effects of these non-GAAP adjustments.
Our management believes that non-GAAP financial measures provide meaningful supplementary information regarding the Company's performance and financial condition to investors.