UNIVERSAL ELECTRONICS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data UNIVERSAL ELECTRONICS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	651	696	680	753	615	602	543	420	395	368
Cost of revenue	487	530	538	583	438	429	390	323	281	262
Gross profit	164	166	142	170	176	173	152	97.6	114	106
Research and development	19.9	21.4	23.8	29.4	31.5	30.9	32.5	31.3	29.7	26.3
Selling, general and administrative	114	127	120	125	108	119	105	98.5	91.8	85.4
Operating income	25.4	10.7	-1.67	15.3	37.3	23.3	14.5	-85.3	-15.3	-6.4
Other non-operating income	0.84	-0.85	-4.46	-1	-1.4	-0.56	-0.96	-2.62	0.06	-4.62
Pre-tax income	25.2	7.29	26.2	10.4	43.9	16.1	11.4	-92.3	-18.6	-12
Income tax	4.8	17.6	14.2	6.77	5.33	10.8	11	5.98	5.43	6.64
Net income to minority interests	0.03	0	0
Net income	20.4	-10.3	11.9	3.63	38.6	5.3	0.41	-98.2	-24	-18.6
EBITDA	52.4	42	31.9	47.2	67	50	38.6	-62.4	2.76	7.78
EPS, basic	1.41	-0.72	0.85	0.26	2.78	0.39	0.03	-7.64	-1.85	-1.41
EPS, diluted	1.38	-0.72	0.85	0.26	2.72	0.39	0.03	-7.64	-1.85	-1.41
Shares, basic (weighted)	14.5	14.4	13.9	13.9	13.9	13.5	12.7	12.9	13	13.2
Shares, diluted (weighted)	14.8	14.4	14.1	14.1	14.2	13.7	12.8	12.9	13	13.2

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	50.6	62.4	53.2	74.3	57.2	60.8	66.7	42.8	26.8	32.3
Receivables	120	141	132	129	121	121	106	105	91.5	70.4
Inventory	130	163	144	145	120	134	140	88.3	79.4	77.8
Other current assets	7.44	11.7	11.6	6.73	6.83	7.29	6.65	7.33	9.48	6.8
Total current assets	324	407	380	379	327	337	338	259	242	205
Property, plant and equipment	105	111	95.8	90.7	87.3	74.6	62.8	41.9	32.9	25.8
Lease right-of-use assets				19.8	19.5	19.8	21.6	18.7	14.3	10.2
Goodwill	43.1	48.7	48.5	48.4	48.6	48.5	49.1	0
Intangible assets	28.5	29	24.4	19.8	19.7	20.2	24.5	25.3	24	22
Other non-current assets	4.9	4.57	4.62	2.16	2.75	2.35	1.94	1.57	1.87	3.61
Total assets	521	608	556	564	510	510	504	356	323	274
Accounts payable	97.2	119	107	103	83.2	92.7	71.4	57	72	48.9
Accrued liabilities	35.6	34.5	34	43.7	28.9	24.2	20.9	20.3	20.9	17.5
Deferred revenue	1.43	0.22	2.59	1.01	1.37	0.39	1.13	2.7	2.52	2.16
Total current liabilities	216	333	280	266	180	217	216	161	158	119
Lease liabilities				15.6	13.7	14.3	15	12.6	9.23	6.19
Other non-current liabilities	6.31	1.6	1.77	0.01	0.54	0.01	0.81	0.82	0.72	0.73
Total liabilities	241	355	293	290	197	234	236	177	170	128
Paid-in capital	250	265	276	288	302	314	327	337	345	350
Retained earnings	276	267	283	286	325	330	331	232	208	190
Treasury stock	-223	-262	-276	-278	-295	-355	-368	-370	-372	-375
Other comprehensive income	-22.8	-16.6	-20.3	-22.8	-18.5	-13.5	-21.2	-20.8	-28.4	-19.1
Shareholders' equity	281	258	263	274	313	276	268	179	153	146
Minority interests	0
Total equity	281	254	263	274	313	276	268	179	153	146
Total liabilities and equity	521	608	556	564	510	510	504	356	323	274

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	20.4	-10.3	11.9	3.63	38.6	5.3	0.41	-98.2	-24	-18.6
Depreciation and amortization	27	31.3	33.6	31.9	29.7	26.7	24	22.9	18.1	14.2
Stock-based compensation	10.3	11.9	8.82	8.85	9.12	9.97	10	8.81	6.7	5.1
Deferred income tax	-1.47	5.83	4.4	-1.34	-0.95	-1.68	1.82	-1.28	0.28	0.5
Change in receivables	-3.88	-22.2	5.46	17.2	14.9	2.01	12.8	5.04	-12.2	41.5
Change in inventory	-14.8	-25.8	-11.2	-1.91	28.3	-15	-9.91	51.5	6.24	4.57
Change in payables	10.5	11	-7.39	14.2	-33.5	0.87	-28.7	-21.4	15.7	-33.2
Cash from operations	49.5	9.17	12.9	85.3	73.4	40.3	10.9	25.2	14.8	23.6
Capital expenditures	-40.7	-40.4	-20.1	-21.3	-16.9	-12.6	-14	-8.12	-4.57	-3.88
Acquisitions	0	0	0	0	0	0	-0.94	0	0
Purchases of investments								0	0	-2.54
Sales and maturities of investments								0	0	2.31
Cash from investing	-37.7	-51.2	23.6	-24	-23.7	-17	-21.2	-13.9	-8.43	-6.75
Stock issued	6.24	1.44	0.86	0.4	0	1	0	0	0
Share buybacks	-12.6	-39.1	-13.8	-1.93	-17.7	-59.7	-13	-1.78	-1.96	-3.09
Cash from financing	-4.45	50.4	-53.3	-39.2	-66	-22	20.5	-34.8	-19.8	-16.7
Exchange rate effect	-5.13	-0.8	2.76	-0.96	-0.84	2.44	-4.29	-0.52	-2.6	5.31
Net change in cash	2.25	7.51	-14.1	21.1	-17.1	3.66	5.93	-24	-16	5.52
Free cash flow	8.89	-31.2	-7.29	63.9	56.5	27.7	-3.08	17.1	10.3	19.8
Interest paid	1.21	2.75	4.98	4.4	1.61	0.62	2.21	7.02	4.74	1.97
Income taxes paid	9.89	8.28	7.66	7.28	12.7	10.1	10.9	13.2	3.48	2.62

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.12 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	29.6%	Gross profit / revenue.
Operating margin	-0.8%	Operating income / revenue.
EBITDA margin	2.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.4%	Pre-tax income / revenue.
Net margin	-4.6%	Net income / revenue.
FCF margin	2.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	3.5%	Cash from operations / revenue.
Return on equity (ROE)	-10.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-5.6%	Net income / average total assets.
Return on invested capital (ROIC)	-2.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	6.6%	Research and development expense / revenue.
SG&A / revenue	23.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.9%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.0%	Capital expenditures / revenue.
D&A / revenue	3.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-6.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-12.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-9.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-6.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-11.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-9.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	181.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-41.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-35.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	59.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	29.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-20.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	92.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-19.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-4.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-18.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-14.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-15.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-18.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-11.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.77x	Current assets / current liabilities.
Quick ratio	0.83x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.28x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	46.5%	Total liabilities / total assets.
Working capital	$89.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	7.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$122.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.24x	Revenue / average total assets.
Inventory turnover	3.32x	Cost of revenue / average inventory.
Days inventory	110 days	365 x average inventory / cost of revenue.
Receivables turnover	5.19x	Revenue / average receivables.
Days sales outstanding	70 days	365 x average receivables / revenue.
Days payables	85 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	95 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	28.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$1.13	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$24.62	Revenue / diluted weighted shares.
FCF per share	$0.61	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.85	Cash from operations / diluted weighted shares.
Book value per share	$10.65	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$9.15	Tangible book value / shares outstanding.
Cash per share	$2.41	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	28.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$66.0M	Share price x shares outstanding.
Enterprise value	$33.6M	Market cap + total debt - cash - short-term investments.
P/S	0.20x	Market cap / revenue.
P/B	0.46x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.54x	Market cap / tangible book value, when positive.
P/FCF	8.01x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	5.77x	Market cap / cash from operations, when positive.
EV/Sales	0.10x	Enterprise value / revenue.
EV/EBITDA	4.53x	Enterprise value / EBITDA, when both are positive.
EV/FCF	4.08x	Enterprise value / free cash flow, when both are positive.
FCF yield	12.5%	Free cash flow / market cap.
Earnings yield	-22.9%	Net income / market cap (the inverse of P/E).
Shareholder yield	3.5%	(Dividends paid + share buybacks) / market cap.

What was UNIVERSAL ELECTRONICS INC's revenue in fiscal 2025?

UNIVERSAL ELECTRONICS INC reported revenue of $368.3M for fiscal 2025, 6.7% lower than the year before.

Was UNIVERSAL ELECTRONICS INC profitable in fiscal 2025?

No. It reported a net loss of $18.6M.

How much free cash flow did UNIVERSAL ELECTRONICS INC generate in fiscal 2025?

Cash from operations of $23.6M minus capital expenditures of $3.9M left free cash flow of $19.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to UNIVERSAL ELECTRONICS INC