Unity Software Inc. (U) Earnings History

Unity Software Inc. - Q4 2025 EarningsBeat

Filed at: Feb 11, 2026, 7:01 AM EST|Read from source

EXECUTIVE SUMMARY

Unity reported a strong fourth quarter, exceeding guidance with double-digit revenue growth driven by its Vector offering and increased Unity 6 adoption. The company demonstrated improved profitability and positive free cash flow, signaling a positive trajectory for its interactive entertainment infrastructure goals.

POSITIVE HIGHLIGHTS

  • •

    Revenue increased 10% year-over-year to $503 million, comfortably exceeding guidance.

    positive
  • •

    Adjusted EBITDA was $125 million, with a margin of 25%, up from 23% in the prior year, driven by better cost control and higher revenue.

    positive
  • •

    Free cash flow was $119 million, an increase from $106 million in the prior year.

    positive
  • •

    Create Solutions revenue grew 8% year-over-year, driven by strong subscription revenue growth.

    positive

CONCERNS & RISKS

  • •

    Grow Solutions revenue growth was partially offset by declines in the IronSource Ad Network, which represented 11% of total Grow Solutions revenue.

    attention
  • •

    GAAP net loss was $89 million, with a margin of (18)%.

    negative
  • •

    Q1 2026 guidance for Grow Solutions revenue is expected to be flat sequentially.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$503.00M
+10.0%
Prior year: $457.10M
Annual (YTD)
$1.85B
N/A
Prior year: $1.81B
Net Income
Quarterly
$-89.39M
-27.0%
Prior year: $-122.52M
Annual (YTD)
$-401.49M
N/A
Prior year: $-664.29M
EPS (Diluted)
Quarterly
$-0.21
+30.0%
Prior year: $-0.30
Operating Income
Quarterly
$-106.51M
+13.9%
Prior year: $-123.65M
Annual (YTD)
$-479.05M
N/A
Prior year: $-755.15M
EPS (Basic)
Quarterly
$-0.21
+30.0%
Prior year: $-0.30

MARGIN ANALYSIS

Gross Margin
Current Quarter
74.3%
Prior Year
74.7%
YoY Change
-41 bps
Operating Margin
Current Quarter
-21.2%
Prior Year
-27.1%
YoY Change
+588 bps
Net Margin
Current Quarter
-17.8%
Prior Year
-26.8%
YoY Change
+903 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 2025 2025

VISUAL OVERVIEW

|
Create Solutions
0.0%
N/A
Grow Solutions
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Create Solutions
N/A———
Grow Solutions
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

Q1 2026

revenue
$480000.0B—$490000.0B
Mid-point: $485000.0B
"In Grow, we expect revenue to be flat on a sequential basis. In Create, we expect double digit year-over-year revenue growth (excluding the impact of non-strategic revenue)."
Adjusted EBITDA
105,000,000—110,000,000
Mid-point: 107,500,000

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Fourth quarter results once again comfortably exceeded the high-end of our guidance, led by exceptional performance from Vector, which experienced its third consecutive quarter of mid-teen sequential revenue growth, and the best growth we’ve seen in Create in over two years.

— Unity Software Inc., Q4 2025 2025 Earnings Call

With Vector demonstrating rapid growth and Unity 6 adoption at the fastest rate we’ve ever experienced, our goal of becoming the essential infrastructure for the next generation of interactive entertainment is coming into clear focus.

— Unity Software Inc., Q4 2025 2025 Earnings Call

Revenue was $503 million, up 10% year-over-year.

— Unity Software Inc., Q4 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Unity 6 adoption
fastest rate we’ve ever experienced
Vector sequential revenue growth
mid-teen

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.