Unity Software Inc. (U)

NYSE: U · USD

$39.4

-0.71 (-1.8%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-05-10

Our latest published analysis: U rated Hold

Unity Software Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$30.2 / share

Potential value

$43.1 / share

Upside to FV

+7.2%

from $39.4

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$12.3B
Revenue (ttm)	2B
Net income (ttm)	-587.5M
EPS (ttm)	-$1.36
Shares out	440.1M
P/E (forward)	21.5x
Volume	6,844,235
Beta	2.11

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2B
Net income (ttm): -587.5M
EPS (ttm): -$1.36
P/E (forward): 21.5x
Market cap: $12.3B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$1.39B	$2.19B	$1.81B	$1.85B	+10.0%
Gross profit	$948.5M	$1.45B	$1.33B	$1.37B	+13.1%
Operating income	$-875.0M	$-773.3M	$-643.6M	$-371.2M	—
Net income	$-921.1M	$-822.0M	$-664.1M	$-402.8M	—
EPS (diluted)	$-2.96	$-2.16	$-1.68	$-0.96	—
EBITDA	$-663.4M	$-209.3M	$-234.6M	$89.8M	—
R&D	$959.5M	$1.05B	$924.8M	$929.5M	-1.1%
SG&A	$871.2M	$1.23B	$1.16B	$921.4M	+1.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	매도
BAX	Baxter International Inc.	13.1B	—	1.2x	6.8%	-1.2%	+9.9%	매수
CNC	Centene Corporation	33.2B	22.7x	0.2x	6.9%	+9.6%	+101.2%	비중 축소
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수

Base and Bull scenarios

Bull25%

Price target

$43.05

+52.9% from spot

Pricing model optimizations and widespread adoption of AI-augmented tools drive ARPU expansion. The Grow advertising segment rebounds sharply, resulting in immense operating leverage and rapid GAAP profitability.

Pricing model optimizations and widespread adoption of AI-augmented tools drive ARPU expansion. The Grow advertising segment rebounds sharply, resulting in immense operating leverage and rapid GAAP profitability.

Base45%

Price target

$30.19

+7.2% from spot

Unity maintains its duopoly position with steady top-line growth. Cost rationalization gradually improves margins to 20%, but heavy SBC continues to weigh on true cash flow generation and limits valuation upside.

Unity maintains its duopoly position with steady top-line growth. Cost rationalization gradually improves margins to 20%, but heavy SBC continues to weigh on true cash flow generation and limits valuation upside.

Sensitivity: Ke × terminal growth

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
11.3%	$34.4	$36.4	$38.6	$41.0	$43.9
12.3%	$31.1	$32.7	$34.4	$36.4	$38.6
13.3%	$28.3	$29.6	$31.1	$32.7	$34.4
14.3%	$26.0	$27.1	$28.3	$29.6	$31.1
15.3%	$24.0	$25.0	$26.0	$27.1	$28.3

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E21.5

P25 n/aP50 n/aP75 n/a

Trailing P/E0

P25 n/aP50 n/aP75 n/a

ROE-17.4

P25 n/aP50 n/aP75 n/a

ROIC-3.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All U indicators

Market & fundamental data

Available fields

237

Groups with data

Currency

USD

Showing 237 of 237 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001810806
Company name	Unity Software Inc.
Country	United States
Country code	US
CUSIP number	91332U101
Earnings date	2026-11-05
Earnings time	bmo
Employees	4,412
Employees change	-575
Employees growth	-11.53%
Enterprise value	$17.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2004
Industry	Software - Application
IPO date	2020-09-18
Is primary listing	Yes
Is SPAC	No
ISIN number	US91332U1016
Last 10-K release date	2026-02-11
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$17.3B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$39.39
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	U
Tags	virtual-reality, augmented-reality, metaverse, gaming
U.S. state	California
Website	https://unity.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	41.46x
Earnings yield	-3.46%
EV/EBITDA	119.68x
EV/FCF	32.5x
EV/Sales	8.63x
FCF / EV yield	3.08%
FCF yield	3.07%
Forward EV/Sales	7.17x
Forward P/E	26.43x
Forward P/S	7.18x
Industry forward P/E	19.55x
Industry P/E	72.09x
P/(FCF - SBC) ratio	89.22x
P/(OCF - SBC) ratio	82.76x
P/B ratio	5.82x
P/FCF ratio	32.56x
P/OCF ratio	31.66x
P/S ratio	8.64x
PEG ratio	0.65x
Price/EBITDA ratio	119.9x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	-16.48%
EBITDA margin	7.21%
FCF margin	26.54%
Gross margin	76.13%
Operating margin	-16.48%
Pretax margin	-29.03%
Profit margin	-28.97%
Profit per employee	$-133,169
Revenue per employee	$459,748
ROA	-3.12%
ROA (5Y)	-6.73%
ROCE	-6.57%
ROE	-17.38%
ROE (5Y)	-21.6%
ROIC	-3.66%
SBC / revenue	16.86%
Tax / revenue	-0.15%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth quarters	1
EPS growth years	3
FCF growth	51.7%
FCF growth (Q)	59.46%
FCF growth (QoQ)	203.89%
Gross profit growth	16.64%
Gross profit growth (Q)	34.15%
Gross profit growth 3Y	7.72%
Gross profit growth 5Y	16.68%
Net income growth quarters	1
Net income growth years	3
OCF growth	45.46%
OCF growth (Q)	54.49%
OCF growth (QoQ)	188.45%
Revenue growth	13.98%
Revenue growth (Q)	23.93%
Revenue growth (QoQ)	7.52%
Revenue growth 3Y	3.91%
Revenue growth 5Y	16.89%
Revenue growth quarters	4
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-15.4M
Depreciation and amortization	$480.5M
EBIT	$-334.3M
EBITDA	$146.2M
EPS	$-1.36
FCF per share	$1.22
Financing cash flow	$104.3M
Free cash flow	$538.4M
Free cash flow minus SBC	$196.5M
Gross profit	$1.5B
Income taxes	$-3M
Investing cash flow	$-18.4M
Net cash flow	$655.6M
Net income	$-587.5M
Operating cash flow minus SBC	$211.8M
Operating income	$-334.3M
Revenue	$2B
Stock-based compensation	$341.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.02
Book value per share	$6.90
Debt / EBITDA	13.3
Debt / equity	0.7
Debt / FCF	4.31
Goodwill	$3.2B
Interest coverage	-13.85
Long-term assets	$3.5B
Long-term liabilities	$1.8B
Net cash (debt)	$31.1M
Net cash / market cap	0.18%
Net debt / EBITDA	-0.21
Net debt / equity	-0.01
Net debt / FCF	-0.06
Piotroski F-Score	5
Property, plant and equipment	$110M
Shareholders' equity	$3.3B
Tangible book value	$-284.9M
Tangible book value per share	$-0.65
Total assets	$6.7B
Total cash	$2.4B
Total debt	$2.3B
Total liabilities	$3.4B
WACC	14.1%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.3
Current assets	$3.2B
Current liabilities	$1.6B
Current ratio	2.03
Net working capital	$-154.1M
Quick ratio	1.94
Working capital	$1.6B
Working capital turnover	1.29

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-5.69%
Dividend yield	0%
Shareholder yield	-5.69%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$33.64
1D price change	-1.78%
1M price change	-4.57%
1M total return	-4.57%
1W price change	-1.27%
1W total return	-1.27%
1Y price change	1.23%
1Y return CAGR	1.23%
1Y total return	1.23%
20-day SMA	$42.88
200-day SMA	$31.70
3M price change	30.26%
3M total return	30.26%
3Y price change	55.25%
3Y return CAGR	15.79%
3Y total return	55.25%
50-day SMA	$42.90
50-day SMA vs 200-day SMA	50over200
52-week high	$52.15
52-week high date	2025-12-11
52-week low	$16.78
52-week low date	2026-02-23
5Y price change	-72.48%
5Y return CAGR	-22.75%
5Y total return	-72.48%
6M price change	48.84%
6M total return	48.84%
After-hours change	0.39%
After-hours close	$39.39
After-hours price	$39.54
All-time high	$210.00
All-time high date	2021-11-18
All-time low	$13.90
All-time low date	2024-08-07
Average true range (ATR)	$2.00
Average volume	8.3M
Beta (1Y)	2.71
Beta (2Y)	2.34
Beta (5Y)	2.11
Change from 52-week high	-24.48%
Change from 52-week low	134.71%
Change from all-time high	-81.12%
Change from all-time low	185.35%
Change from open	-2.32%
Day's gap	0.55%
Dollar volume	$269.6M
High price	$41.39
Low price	$39.33
Monthly RSI	55.8
Open price	$40.32
Position in 52-week range	2.67%
Premarket change	-0.45%
Premarket close	$40.10
Premarket price	$39.92
Premarket volume	22.3K
Previous close	$40.10
Price vs 150-day SMA	17.87%
Price vs 20-day SMA	-7.53%
Price vs 200-day SMA	25.07%
Price vs 50-day SMA	-7.58%
Relative volume	0.83
Return from IPO open	-46.89%
Return from IPO price	-23.4%
RSI	40.87
Sharpe ratio	0.34
Sharpe ratio (3Y)	0.48
Sharpe ratio (5Y)	0.01
Sortino ratio	0.54
Sortino ratio (3Y)	0.81
Sortino ratio (5Y)	0.09
Volume	6.8M
Weekly RSI	53.49
YTD price change	-10.23%
YTD total return	-10.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	368.7M
Float percentage	83.79%
Shares change (QoQ)	0.84%
Shares change (YoY)	5.69%
Shares held by insiders	1.05%
Shares held by institutions	72.28%
Shares outstanding	440.1M
Short % of float	7.6%
Short % of shares	6.37%
Short ratio	2.8 days

Deeper analysis on U

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this U report

What is the latest published U stock rating?

Unity Software Inc. is shown with Hold in the latest published report, analyzed 2026-05-10. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full U analysis?

The full latest published report, analyzed 2026-05-10, lives at /stocks/U/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for U?

The latest published report analyzed 2026-05-10 gives U a fair value of USD 30 and a potential value of USD 43. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the U page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-10). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldU · Fair value $30.2+7.2%

Read full analysis →

Category	Score	Reading
Valuation	6.0
Management	6.3
Balance Sheet	7.0
Profitability	1.5
Revenue Growth	7.5
Risk Assessment	5.5
Competitive Moat	6.5
Earnings Quality	3.0
Capital Efficiency	2.5

Unity Software Inc. (U)

Our latest published analysis: U rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · U

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All U indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on U

Frequently asked questions

등급 이력