Ubiquiti Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $664.2 million for the three months ended March 31, 2025, a 35% increase from $493.0 million in the same period last year. For the nine months ended March 31, 2025, total revenues were $1.814 billion, up 28% from $1.421 billion in the prior year. The company's net income also saw a substantial rise, climbing to $180.4 million for the quarter, compared to $76.3 million in the previous year, and $445.2 million for the nine-month period, up from $246.2 million.
The increase in revenue was primarily driven by a 41% rise in the Enterprise Technology segment, which generated $585.7 million in the latest quarter, while the Service Provider Technology segment experienced a slight decline, with revenues of $78.4 million. Geographically, North America accounted for a significant portion of sales, with revenues increasing by 33% to $322.7 million in the latest quarter. The EMEA region also contributed positively, with a 41% increase in revenues to $282.1 million.
Ubiquiti's operational metrics reflected a strong performance, with gross profit margins improving to 45% for the quarter, up from 35% a year earlier. This improvement was attributed to lower excess and obsolete inventory charges and a favorable product mix. The company reported a total of 60.5 million shares outstanding as of March 31, 2025, with basic earnings per share rising to $2.98 from $1.26 in the prior year.
In terms of strategic developments, Ubiquiti has focused on expanding its product offerings and enhancing its supply chain management. The company has increased its inventory levels to mitigate supply constraints and has made significant investments in research and development, with R&D expenses rising to $44.3 million for the quarter. The company also reported a cash and cash equivalents balance of $151.0 million as of March 31, 2025, indicating a solid liquidity position.
Looking ahead, Ubiquiti remains optimistic about its growth trajectory, although it acknowledges potential risks related to geopolitical tensions, supply chain disruptions, and fluctuating market conditions. The company plans to continue leveraging its strong community of service providers and distributors to drive sales and expand its market presence.
About Ubiquiti Inc.
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