Unity Software Inc. (U)财务
NYSE · Technology · Software - Application · 员工4,412人 · CEO Matthew Samuel Bromberg
- 股价
- $37.70 -4.00%
- 市值
- $166亿
- 企业价值
- $166亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-05 EPS预期 $0.03
营收(TTM)$20.3亿+14.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-30.4%-2.4 百分点 对比去年同期营业利润 -$6.16亿
净利润(TTM)-$5.87亿-35.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$5.38亿+57.2% 对比去年同期资本支出 $1540万
稀释EPS(TTM)-$1.36-28.3% 对比去年同期最近4个季度之和
净现金$3110万+104.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $166亿 EV $166亿
- 营收
- $20.3亿 过去12个月
- 营收增速
- +20% FY2026年一致预期
- 净利润率
- -28.9% 净利润 / 营收,TTM
- P/E
- -27.7× 预期 -55.6×(FY2026)
- P/S
- 8.2× 股价 / 营收,TTM
- EV / EBITDA
- -196.8× TTM
- 自由现金流
- $5.38亿 过去12个月
- 净利润
- -$5.87亿 过去12个月
- 营收预期
- $22.3亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $5.67亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期6.2%,EPS 超预期53.4%营收$5.46亿,预期$5.15亿(+6.2%);EPS -$0.05,预期-$0.11(+53.4%)。
- 营收增长加速:同比23.9%Q2 '26营收$5.46亿,此前四个季度的平均值为7.6%。
- 营业利润率-30.4%(TTM),较去年同期-2.4 百分点营收增长14.0%,营业利润增长-23.8%。
- 资本支出占营收的0.8%(去年为2.1%)最近4个季度投入$1540万(同比-59.9%)。自由现金流$5.38亿。
- 稀释股数一年内增加4.9%Q2 '26稀释股数4.38亿,一年前为4.18亿。
- 净现金 $3110万现金 + 短期投资 $23.5亿,含租赁债务 $23.2亿;一年前净债务 $6.5亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $5.46亿 | $4.41亿 | +23.9% |
| 毛利率 | 79.6% | 74.1% | +5.5 百分点 |
| 营业利润 | -$3220万 | -$1.19亿 | +72.9% |
| 营业利润率 | -5.9% | -26.9% | +21.0 百分点 |
| 净利润 | -$2360万 | -$1.09亿 | +78.3% |
| 稀释EPS | -$0.05 | -$0.26 | +80.8% |
| 经营现金流 | $2.06亿 | $1.33亿 | +54.5% |
| 资本支出 | $366万 | $645万 | -43.2% |
| 自由现金流 | $2.02亿 | $1.27亿 | +59.5% |
| R&D | $2.78亿 | $2.15亿 | +29.5% |
| 股权激励费用 | $7990万 | $1.02亿 | -21.3% |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $5.46亿 | $5.15亿 | +6.2% |
| EPS(一致预期口径) | -$0.05 | -$0.11 | +53.4% |
来自2026-08-06发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Grow Solutions | $3.89亿 | +35.4% | 71.2% | $16.8亿 | – | |
| Create Solutions | $1.58亿 | +2.5% | 28.8% | $6.32亿 | +4.6% |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| EMEA | $1.62亿 | +14.9% | 29.6% | $6.32亿 | +4.2% | |
| Asia Pacific Excluding Greater China | $1.1亿 | +32.2% | 20.1% | $3.94亿 | +20.1% | |
| United States | $1.49亿 | +22.1% | 27.3% | $5.54亿 | +8.8% | |
| Greater China | $1.15亿 | +37.0% | 21.0% | $4亿 | +39.9% | |
| Other Americas | $1070万 | -2.0% | 2.0% | $4860万 | -2.9% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $5.54亿
- 资本支出
- -$1540万
- 股票回购
- $0
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $2.65亿
- 自由现金流
- $5.38亿
- 股东回报 / FCF
- -0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -27.7× | – | – |
| EV / EBITDA | -196.8× | 210.8× 5年中的1年 | 210.8× – 210.8× |
| EV / 营收 | 8.2× | 13.5× | 5.4× – 37.0× |
| 股价 / FCF | 30.8× | 55.2× 5年中的3年 | 32.6× – 87.0× |
| 股价 / 净资产 | 5.4× | 6.6× | 2.5× – 16.9× |
| FCF收益率 | 3.2% | 0.9% | -1.3% – 3.1% |
| 投入资本回报率 | -10.8% | -11.9% | -13.1% – -8.1% |
| 净资产收益率 | -18.9% | -21.5% | -26.1% – -12.4% |
分析师
一致目标价 $48.01 (+27.3%)
区间 $33.00 – $55.00 · 评级 Buy
强烈买入0
买入24
持有5
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $22.3亿 | +20.3% | -$0.68 | +29.3% | -55.6× | 12 |
| FY2027 | $27.1亿 | +21.9% | $1.12 | +264.8% | 33.7× | 12 |
| FY2028 | $32.4亿 | +19.5% | $1.77 | +58.5% | 21.3× | 13 |
| FY2029 | $39.4亿 | +21.7% | $0.23 | -87.0% | 163.9× | 10 |
| FY2030 | $45.9亿 | +16.3% | $0.48 | +108.7% | 78.5× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Unity Software Inc.在近期10-Q / 10-K文件中标记的全部224项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1040万 | $1220万 | -14.9% | $1400万 | $1390万 | +0.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $6.89亿 | $5.97亿 | +15.5% | $6.44亿 | $5.74亿 | +12.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $900万 | $1320万 | -31.8% | $1090万 | $1730万 | -37.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $180万2025-12-31 | $120万 | +50.0% | $270万 | $770万 | -64.9% |
| Accrued Liabilities, Current | $1.23亿2025-12-31 | $1.24亿 | -1.0% | $1.23亿 | $1.24亿 | -1.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.73亿2025-12-31 | $1.7亿 | +1.7% | $1.73亿 | $1.7亿 | +1.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $328万 | -$635万 | +151.7% | -$216万 | -$943万 | +77.1% |
| Additional Paid in Capital | $75.4亿 | $71.2亿 | +6.0% | $73.8亿 | $69.4亿 | +6.4% |
| Advertising Expense | – | – | – | $820万 | $1010万 | -18.8% |
| Amortization of Intangible Assets | – | – | – | $4.19亿 | $3.53亿 | +18.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $8010万 | $1.02亿 | -21.7% | $3.86亿 | $6.06亿 | -36.3% |
| Asset Impairment Charges | $97.1万2025-12-31 | -$8.3万 | +1,269.9% | $588万 | $2280万 | -74.2% |
| Assets | $66.6亿 | $67.2亿 | -0.8% | $68.4亿 | $67.4亿 | +1.5% |
| Assets, Current | $31.8亿 | $24.1亿 | +32.1% | $28.1亿 | $22.3亿 | +26.4% |
| Capitalized Computer Software, Net | $4010万2025-12-31 | $5620万 | -28.6% | $4010万 | $5620万 | -28.6% |
| Capitalized Contract Cost, Amortization | $160万 | $190万 | -15.8% | $720万 | $890万 | -19.1% |
| Capitalized Contract Cost, Impairment Loss | $0 | $0 | – | $0 | $0 | – |
| Cash | $5.73亿 | $8.3亿 | -30.9% | $7.09亿 | $9.96亿 | -28.8% |
| Cash and Cash Equivalents, at Carrying Value | $23.5亿 | $16.9亿 | +39.1% | $20.6亿 | $15.2亿 | +35.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $23.6亿 | $17亿 | +38.5% | $20.6亿 | $15.3亿 | +35.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.11亿 | $1.5亿 | +40.8% | $5.36亿 | -$7640万 | +802.2% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 10亿 | 10亿 | 0.0% | 10亿 | 10亿 | 0.0% |
| Common Stock, Shares, Issued | 4.4亿 | 4.2亿 | +4.6% | 4.33亿 | 4.09亿 | +5.7% |
| Common Stock, Shares, Outstanding | 4.4亿 | 4.2亿 | +4.6% | 4.33亿 | 4.09亿 | +5.7% |
| Common Stock, Value, Issued | $2000 | $2000 | 0.0% | $2000 | $2000 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $173万 | $200万 | -13.2% | $320万 | -$130万 | +346.3% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$2060万 | -$1.07亿 | +80.7% | -$3.95亿 | -$6.69亿 | +40.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$1880万 | -$1.05亿 | +82.0% | -$3.92亿 | -$6.7亿 | +41.4% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1460万 | $2080万 | -29.8% | $1580万 | $2050万 | -22.9% |
| Contract with Customer, Liability, Current | $2.37亿 | $2.19亿 | +8.2% | $2.24亿 | $1.86亿 | +20.5% |
| Contract with Customer, Liability, Noncurrent | $2030万 | $1550万 | +31.0% | $1400万 | $1680万 | -16.7% |
| Contract with Customer, Liability, Revenue Recognized | $6500万 | $5130万 | +26.7% | $1.76亿 | $1.7亿 | +3.5% |
| Contractual Obligation | $22.8亿 | $23亿 | -0.9% | $22.9亿 | $23.1亿 | -0.8% |
| Contractual Obligation, to be Paid, Remainder of Fiscal Year | $5.68亿 | $1000万 | +5,577.2% | – | – | – |
| Contractual Obligation, to be Paid, Year One | $5.78亿2025-12-31 | $2000万 | +2,788.6% | $5.78亿 | $2000万 | +2,788.6% |
| Convertible Debt, Current | $5.57亿 | – | – | $5.56亿 | $0 | – |
| Convertible Debt, Noncurrent | $16.8亿 | $22.3亿 | -24.8% | $16.8亿 | $22.4亿 | -25.0% |
| Cost of Goods and Services Sold | $1.12亿 | $1.14亿 | -2.2% | $4.78亿 | $4.81亿 | -0.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $150万 | $406万 | -63.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2720万 | $1770万 | +53.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $2840万 | $2280万 | +24.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$30.8万 | $102万 | -130.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $341万 | -$42.1万 | +909.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$2560万 | -$2610万 | +2.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$2220万 | -$2570万 | +13.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $86.1万 | -100.0% |
| Deferred Tax Assets, Gross | $13.7亿2025-12-31 | $13.6亿 | +0.4% | $13.7亿 | $13.6亿 | +0.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.05亿2025-12-31 | $1.97亿 | -46.4% | $1.05亿 | $1.97亿 | -46.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4.4亿2025-12-31 | $4.01亿 | +9.7% | $4.4亿 | $4.01亿 | +9.7% |
| Deferred Tax Assets, Other | $6800万2025-12-31 | $6230万 | +9.1% | $6800万 | $6230万 | +9.1% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1.29亿2025-12-31 | $1.2亿 | +8.1% | $1.29亿 | $1.2亿 | +8.1% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $5140万2025-12-31 | $6820万 | -24.6% | $5140万 | $6820万 | -24.6% |
| Deferred Tax Assets, Valuation Allowance | $12.6亿2025-12-31 | $11.7亿 | +8.3% | $12.6亿 | $11.7亿 | +8.3% |
| Deferred Tax Liabilities, Gross | $1.56亿2025-12-31 | $2.69亿 | -42.0% | $1.56亿 | $2.69亿 | -42.0% |
| Deferred Tax Liabilities, Intangible Assets | $1.23亿2025-12-31 | $2.22亿 | -44.5% | $1.23亿 | $2.22亿 | -44.5% |
| Deferred Tax Liabilities, Leasing Arrangements | $2100万2025-12-31 | $2580万 | -18.6% | $2100万 | $2580万 | -18.6% |
| Deferred Tax Liabilities, Net | $5080万2025-12-31 | $7270万 | -30.1% | $5080万 | $7270万 | -30.1% |
| Depreciation, Depletion and Amortization | $8550万 | $9690万 | -11.8% | $4.61亿 | $4.09亿 | +12.7% |
| Depreciation, Depletion and Amortization, Nonproduction | – | – | – | $4230万 | $5560万 | -24.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02