PerpEquities

Equity

Unity Software Inc. (U) perpetual futures

U perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade UUSDT.

Unity Software Inc. tracked across crypto venues with normalized contract specifications.

$44.51+2.3%NYSE closed
Open in terminal

Price chart

 

Use the left and right arrow keys to inspect points on the chart.

Collecting venue price data...
venue perp mark · MEXC (U/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$93.3K
Open interest
$122.6K
Best liquidity
$49.4K
MEXC
Tightest spread
+89.7 bps
MEXC
Highest volume
$93.3K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $457.5M
OI / float
0.00%
Float $16B
Spot performance
1D+2.30%
5D+5.03%
1M-6.03%
6M+136.46%
YTD-0.16%
1Y-0.94%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeU/USDTTrading$44.51+21.9% APR
+0.020% every 8h
+89.7 bps$49.4K$93.3K$122.6KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +101.7 bps

Cheapest execution: MEXC · +101.7 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

U

Tightest spread

U

Highest volume

U

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$19.3B
Updated 1h ago
Revenue
$2B
Trailing 12 months
Revenue growth
+20%
Next fiscal year
Profit margin
-28.9%
P/E
-32.5
Peer P/E 13.8
Free cash flow
$538.4M
Trailing 12 months
More metrics
Net income
-$586.9M
Trailing 12 months
P/S
9.5
Peer P/E
13.8
Similar listed perps
Revenue estimate
$2.2B
Next fiscal year
Earnings
2026-11-04
Revenue est. $565.2M · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$1.8B
Net margin-21.8%
Free cash flow$403.9M
Net debt$329.9M
2020$772.4M
2021$1.1B
2022$1.4B
2023$2.2B
2024$1.8B
2025$1.8B
PeriodRevenueGrowthNet incomeFCF
2020$772.4M+43%-$282.3M-$21M
2021$1.1B+44%-$532.6M-$153.4M
2022$1.4B+25%-$919.5M-$116.6M
2023$2.2B+57%-$822M$178.8M
2024$1.8B-17%-$664.1M$273.1M
2025$1.8B+2%-$402.8M$403.9M
PeriodGross marginOperating marginNet marginROEROA
2020+77.7%-35.6%-36.5%-13.9%-10.6%
2021+77.2%-47.9%-48.0%-22.2%-11.0%
2022+68.2%-63.4%-66.1%-26.1%-11.7%
2023+66.5%-38.1%-37.6%-25.8%-11.3%
2024+73.5%-41.6%-36.6%-20.8%-9.9%
2025+74.2%-22.8%-21.8%-12.4%-5.9%
PeriodCashDebtNet debtCurrent ratio
2020$1.3B$123.9M-$1.1B4.13
2021$1.1B$1.8B$763.5M3.44
2022$1.5B$2.7B$1.2B2.34
2023$1.6B$2.7B$1.1B2.60
2024$1.5B$2.4B$836M2.50
2025$2.1B$2.4B$329.9M1.84
PeriodMarket capEnterprise valueP/SP/E
2020$26.1B$24.9B33.8-92.5
2021$40.4B$41.1B36.3-75.7
2022$8.9B$10.1B6.4-9.7
2023$15.6B$16.7B7.1-18.9
2024$8.9B$9.7B4.9-13.4
2025$18.6B$18.9B10.1-46.0
Q3 2024$446.5M
Q4 2024$457.1M
Q1 2025$435M
Q2 2025$440.9M
Q3 2025$470.6M
Q4 2025$503.1M
Q1 2026$508.2M
Q2 2026$546.5M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$446.5M-18%-$124.7M$102.7M
Q4 2024$457.1M-25%-$122.7M$105.8M
Q1 2025$435M-6%-$77.6M$7.3M
Q2 2025$440.9M-2%-$108.8M$126.7M
Q3 2025$470.6M+5%-$126.4M$151.3M
Q4 2025$503.1M+10%-$90M$118.7M
Q1 2026$508.2M+17%-$346.9M$66.5M
Q2 2026$546.5M+24%-$23.6M$202M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+74.9%-28.5%-27.9%-3.9%-1.9%
Q4 2024+74.7%-27.1%-26.8%-3.8%-1.8%
Q1 2025+73.8%-29.4%-17.8%-2.4%-1.2%
Q2 2025+74.2%-26.9%-24.7%-3.4%-1.6%
Q3 2025+74.4%-26.7%-26.9%-3.9%-1.9%
Q4 2025+61.2%-19.5%-17.9%-2.8%-1.3%
Q1 2026+30.8%-69.1%-68.3%-11.7%-5.3%
Q2 2026+79.6%-5.9%-4.3%-0.8%-0.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.4B$2.2B$832.8M2.41
Q4 2024$1.5B$2.2B$721.3M2.50
Q1 2025$1.5B$2.2B$691M2.74
Q2 2025$1.7B$2.3B$650M2.73
Q3 2025$1.9B$2.2B$335.7M2.78
Q4 2025$2.1B$2.4B$329.9M1.84
Q1 2026$2.1B$2.2B$95.5M1.95
Q2 2026$2.4B$2.3B-$31.1M2.03
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$9B$9.9B20.2-18.2
Q4 2024$9.1B$9.8B19.9-18.7
Q1 2025$8.1B$8.8B18.5-25.8
Q2 2025$10.1B$10.8B22.9-23.3
Q3 2025$17B$17.3B36.1-33.4
Q4 2025$19B$19.3B37.7-52.6
Q1 2026$9.5B$9.6B18.7-6.9
Q2 2026$12.5B$12.5B22.9-142.9

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$546.5MQ2 2026
$152.3M$304.6M$457M$609.3MQ3 2023: $544.2MQ4 2023: $609.3MQ1 2024: $460.4MQ2 2024: $449.3MQ3 2024: $446.5MQ4 2024: $457.1MQ1 2025: $435MQ2 2025: $440.9MQ3 2025: $470.6MQ4 2025: $503.1MQ1 2026: $508.2MQ2 2026: $546.5MQ3 2023Q2 2026
Net income-$23.6MQ2 2026
-$260.2M-$173.5M-$86.7MQ3 2023: -$124.1MQ4 2023: -$252.7MQ1 2024: -$291.1MQ2 2024: -$125.6MQ3 2024: -$124.7MQ4 2024: -$122.7MQ1 2025: -$77.6MQ2 2025: -$108.8MQ3 2025: -$126.4MQ4 2025: -$90MQ1 2026: -$346.9MQ2 2026: -$23.6MQ3 2023Q2 2026
EBITDA$71.2MQ2 2026
-$147.7M-$74.7M-$1.8M$71.2MQ3 2023: -$362KQ4 2023: -$5.9MQ1 2024: -$196.5MQ2 2024: -$17.6MQ3 2024: -$9.2MQ4 2024: -$11.4MQ1 2025: $26.4MQ2 2025: -$2MQ3 2025: $24.5MQ4 2025: $40.9MQ1 2026: -$220.7MQ2 2026: $71.2MQ3 2023Q2 2026
Free cash flow$202MQ2 2026
$39.6M$93.7M$147.8M$202MQ3 2023: $104MQ4 2023: $60.7MQ1 2024: -$14.6MQ2 2024: $79.3MQ3 2024: $102.7MQ4 2024: $105.8MQ1 2025: $7.3MQ2 2025: $126.7MQ3 2025: $151.3MQ4 2025: $118.7MQ1 2026: $66.5MQ2 2026: $202MQ3 2023Q2 2026
EPS-$0.05Q2 2026
-$0.6-$0.4-$0.2Q3 2023: -$0.32Q4 2023: -$0.66Q1 2024: -$0.75Q2 2024: -$0.32Q3 2024: -$0.31Q4 2024: -$0.3Q1 2025: -$0.19Q2 2025: -$0.26Q3 2025: -$0.3Q4 2025: -$0.21Q1 2026: -$0.8Q2 2026: -$0.05Q3 2023Q2 2026
Cash / Debt$2.4BQ2 2026
$677.9M$1.4B$2B$2.7BQ3 2023 · Cash: $1.5BQ3 2023 · Debt: $2.7BQ4 2023 · Cash: $1.6BQ4 2023 · Debt: $2.7BQ1 2024 · Cash: $1.2BQ1 2024 · Debt: $2.2BQ2 2024 · Cash: $1.3BQ2 2024 · Debt: $2.2BQ3 2024 · Cash: $1.4BQ3 2024 · Debt: $2.2BQ4 2024 · Cash: $1.5BQ4 2024 · Debt: $2.2BQ1 2025 · Cash: $1.5BQ1 2025 · Debt: $2.2BQ2 2025 · Cash: $1.7BQ2 2025 · Debt: $2.3BQ3 2025 · Cash: $1.9BQ3 2025 · Debt: $2.2BQ4 2025 · Cash: $2.1BQ4 2025 · Debt: $2.4BQ1 2026 · Cash: $2.1BQ1 2026 · Debt: $2.2BQ2 2026 · Cash: $2.4BQ2 2026 · Debt: $2.3BQ3 2023Q2 2026
CashDebt
Profitability+79.6%Q2 2026
-41.2%-0.9%+39.3%+79.6%Q3 2023 · Gross margin: +72.2%Q4 2023 · Gross margin: +57.1%Q1 2024 · Gross margin: +68.6%Q2 2024 · Gross margin: +75.8%Q3 2024 · Gross margin: +74.9%Q4 2024 · Gross margin: +74.7%Q1 2025 · Gross margin: +73.8%Q2 2025 · Gross margin: +74.2%Q3 2025 · Gross margin: +74.4%Q4 2025 · Gross margin: +61.2%Q1 2026 · Gross margin: +30.8%Q2 2026 · Gross margin: +79.6%Q3 2023 · Operating margin: -23.4%Q4 2023 · Operating margin: -42.5%Q1 2024 · Operating margin: -81.4%Q2 2024 · Operating margin: -28.8%Q3 2024 · Operating margin: -28.5%Q4 2024 · Operating margin: -27.1%Q1 2025 · Operating margin: -29.4%Q2 2025 · Operating margin: -26.9%Q3 2025 · Operating margin: -26.7%Q4 2025 · Operating margin: -19.5%Q1 2026 · Operating margin: -69.1%Q2 2026 · Operating margin: -5.9%Q3 2023 · Net margin: -22.8%Q4 2023 · Net margin: -41.5%Q1 2024 · Net margin: -63.2%Q2 2024 · Net margin: -28.0%Q3 2024 · Net margin: -27.9%Q4 2024 · Net margin: -26.8%Q1 2025 · Net margin: -17.8%Q2 2025 · Net margin: -24.7%Q3 2025 · Net margin: -26.9%Q4 2025 · Net margin: -17.9%Q1 2026 · Net margin: -68.3%Q2 2026 · Net margin: -4.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+23.9%Q2 2026
-12.7%-0.5%+11.7%+23.9%Q3 2024: -18.0%Q4 2024: -25.0%Q1 2025: -5.5%Q2 2025: -1.9%Q3 2025: +5.4%Q4 2025: +10.1%Q1 2026: +16.8%Q2 2026: +23.9%Q3 2023Q2 2026
Shares outstanding437.9MQ2 2026
109.5M218.9M328.4M437.9MQ3 2023: 383.7MQ4 2023: 384.9MQ1 2024: 387.2MQ2 2024: 392.5MQ3 2024: 398.8MQ4 2024: 405.2MQ1 2025: 411.9MQ2 2025: 417.6MQ3 2025: 424.3MQ4 2025: 429.8MQ1 2026: 434.3MQ2 2026: 437.9MQ3 2023Q2 2026
Valuation-142.9Q2 2026
-97.7-52.6-7.437.7Q3 2023 · P/E: -24.5Q4 2023 · P/E: -15.5Q1 2024 · P/E: -8.9Q2 2024 · P/E: -12.4Q3 2024 · P/E: -18.2Q4 2024 · P/E: -18.7Q1 2025 · P/E: -25.8Q2 2025 · P/E: -23.3Q3 2025 · P/E: -33.4Q4 2025 · P/E: -52.6Q1 2026 · P/E: -6.9Q2 2026 · P/E: -142.9Q3 2023 · P/S: 22.1Q4 2023 · P/S: 25.6Q1 2024 · P/S: 22.4Q2 2024 · P/S: 13.8Q3 2024 · P/S: 20.2Q4 2024 · P/S: 19.9Q1 2025 · P/S: 18.5Q2 2025 · P/S: 22.9Q3 2025 · P/S: 36.1Q4 2025 · P/S: 37.7Q1 2026 · P/S: 18.7Q2 2026 · P/S: 22.9Q3 2023Q2 2026
P/EP/S
Revenue$1.8B2025
$546.8M$1.1B$1.6B$2.2B2018: $380.8M2019: $541.8M2020: $772.4M2021: $1.1B2022: $1.4B2023: $2.2B2024: $1.8B2025: $1.8B20182025
Net income-$402.8M2025
-$689.6M-$459.7M-$229.9M2018: -$131.6M2019: -$163.2M2020: -$282.3M2021: -$532.6M2022: -$919.5M2023: -$822M2024: -$664.1M2025: -$402.8M20182025
EBITDA$89.8M2025
-$475.1M-$286.8M-$98.5M$89.8M2018: -$109.8M2019: -$119.6M2020: -$231.8M2021: -$465.5M2022: -$663.4M2023: -$209.3M2024: -$234.6M2025: $89.8M20182025
Free cash flow$403.9M2025
-$14.1M$125.3M$264.6M$403.9M2018: -$119.1M2019: -$95M2020: -$21M2021: -$153.4M2022: -$116.6M2023: $178.8M2024: $273.1M2025: $403.9M20182025
EPS-$0.962025
-$2.22-$1.48-$0.742018: -$0.582019: -$0.722020: -$1.662021: -$1.892022: -$2.962023: -$2.162024: -$1.682025: -$0.9620182025
Cash / Debt$2.1B2025
$677.9M$1.4B$2B$2.7B2018 · Cash: $258.7M2018 · Debt: $02019 · Cash: $130M2019 · Debt: $02020 · Cash: $1.3B2020 · Debt: $123.9M2021 · Cash: $1.1B2021 · Debt: $1.8B2022 · Cash: $1.5B2022 · Debt: $2.7B2023 · Cash: $1.6B2023 · Debt: $2.7B2024 · Cash: $1.5B2024 · Debt: $2.4B2025 · Cash: $2.1B2025 · Debt: $2.4B20182025
CashDebt
Profitability+74.2%2025
-29.9%+6.3%+42.5%+78.7%2018 · Gross margin: +78.7%2019 · Gross margin: +78.1%2020 · Gross margin: +77.7%2021 · Gross margin: +77.2%2022 · Gross margin: +68.2%2023 · Gross margin: +66.5%2024 · Gross margin: +73.5%2025 · Gross margin: +74.2%2018 · Operating margin: -34.2%2019 · Operating margin: -27.8%2020 · Operating margin: -35.6%2021 · Operating margin: -47.9%2022 · Operating margin: -63.4%2023 · Operating margin: -38.1%2024 · Operating margin: -41.6%2025 · Operating margin: -22.8%2018 · Net margin: -34.6%2019 · Net margin: -30.1%2020 · Net margin: -36.5%2021 · Net margin: -48.0%2022 · Net margin: -66.1%2023 · Net margin: -37.6%2024 · Net margin: -36.6%2025 · Net margin: -21.8%20182025
Gross marginOperating marginNet margin
Revenue growth+2.0%2025
+1.5%+20.1%+38.7%+57.2%2019: +42.3%2020: +42.6%2021: +43.8%2022: +25.3%2023: +57.2%2024: -17.1%2025: +2.0%20182025
Shares outstanding420.9M2025
105.2M210.5M315.7M420.9M2018: 228.2M2019: 228.2M2020: 170M2021: 282.2M2022: 310.5M2023: 380.5M2024: 396M2025: 420.9M20182025
Valuation-46.02025
-78.1-38.41.341.02018 · P/E: -117.82019 · P/E: -94.92020 · P/E: -92.52021 · P/E: -75.72022 · P/E: -9.72023 · P/E: -18.92024 · P/E: -13.42025 · P/E: -46.02018 · P/S: 41.02019 · P/S: 28.82020 · P/S: 33.82021 · P/S: 36.32022 · P/S: 6.42023 · P/S: 7.12024 · P/S: 4.92025 · P/S: 10.120182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-04
Revenue est. $565.2M · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.69$2.2B+20%12
FY 20271.09$2.7B+46%12
FY 20281.73$3.2B+75%12
FY 20290.23$3.9B+113%9
FY 20300.48$4.6B+148%5
Q1 20270.19$614.8M+21%3

Company events

6
2026-11-04EarningsActual - / Estimate 0.34-
2026-08-06EarningsActual -0.05 / Estimate -0.11Beat
2026-05-07EarningsActual -0.8 / Estimate -0.21Miss
2026-02-11EarningsActual -0.21 / Estimate 0.2Miss
2025-11-05EarningsActual 0.2 / Estimate 0.18Beat
2025-08-06EarningsActual -0.26 / Estimate 0.14Miss

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering U have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings122359
Analysts2838
Buy / hold / sell88 / 31 / 3196 / 141 / 22
Upgrades / downgrades / initiations14 / 2 / 523 / 8 / 12
Price targets hit / missed62 / 45 (58%)211 / 57 (79%)
Avg. return after a rating (TipRanks)+14.8%+42.7%
Best / worst call+145.0% / -26.5%+341.0% / -26.5%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Aug 31, 2026James Callahan CFAPiper SandlerBuyReiterated$55.00
Aug 19, 2026Alec BrondoloWells FargoBuyMaintained$48.00
Aug 17, 2026Dylan BeckerWilliam BlairBuyReiterated
Aug 11, 2026Benjamin Black CFADeutsche BankBuyMaintained$50.00
Aug 10, 2026Jason BazinetCitiBuyMaintained$48.00

TipRanks data via FMP · computed Sep 23, 2026 · 122 ratings

Frequently asked questions

Where can I trade U perpetual futures?

Unity Software Inc. (U) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade U around the clock?

Yes. Unlike the underlying stock, U perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on U perpetuals?

Right now the U perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the U perp price compare to the Unity Software Inc. stock?

The venue-median U perp mark is $44.5 versus a reference stock price of $44.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a U perpetual future?

A U perpetual is a derivative that tracks the price of Unity Software Inc. with no expiry date. It lets you take long or short exposure to Unity Software Inc. on crypto venues, around the clock.

What is UUSDT perpetual?

UUSDT is the symbol most crypto exchanges use for the Unity Software Inc. perpetual settled in USDT (Tether). It tracks the U share price through an index, trades 24/7 with leverage and never expires.

Embed this asset

U perpetuals · perpequities.comU perpetuals · perpequities.com
<a href="https://perpequities.com/stocks/u-perp"><img src="https://perpequities.com/badge/u-perp.svg" width="240" height="64" alt="U perpetuals · perpequities.com" loading="lazy"></a>

Next step

Stay on top of U perps

Signals with a track record

Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

Join on Telegram

Weekly digest by email

The listings, funding and moves that matter for U — one email every Sunday.

Watchlist and alerts

Price and funding alerts for U, via push or Telegram.

Set an alert

Follow the live feed

Daily movers, new listings and funding extremes as they happen.

Follow on X