Unity Technologies 8-K
PositiveEarningsNew guidance
Vector growth lifted Grow Solutions despite IronSource Ad Network declines; subscription growth boosted Create Solutions.
Filed 2026-02-11 07:01 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q4 and FY2025 results with Q1 2026 guidance. Unity said Q4 results exceeded the high end of its guidance; Vector growth drove Grow Solutions, while subscription revenue growth lifted Create Solutions.
Key Figures
| Metric | Q4 2025 | Q4 2024 | Y/Y |
|---|---|---|---|
| Revenue | $503M | $457M | +10% |
| Loss from operations | $(107)M | $(124)M | n/m |
| Net loss (GAAP, consolidated) | $(89.4)M | $(123)M | n/m |
| Adjusted EBITDA (non-GAAP) | $125M | $106M | +18% |
| Diluted net loss per share (GAAP) | $(0.21) | $(0.30) | n/m |
| Adjusted EPS (non-GAAP) | $0.24 | $0.20 | +20% |
| Net cash provided by operating activities | $121M | $112M | +8.2% |
| Free cash flow | $119M | $106M | +12% |
| Metric | FY2025 | FY2024 | Y/Y |
|---|---|---|---|
| Revenue | $1.85B | $1.81B | +2.0% |
| Loss from operations | $(479)M | $(755)M | n/m |
| Net loss (GAAP, consolidated) | $(401)M | $(664)M | n/m |
| Adjusted EBITDA (non-GAAP) | $409M | $390M | +4.9% |
| Diluted net loss per share (GAAP) | $(0.96) | $(1.68) | n/m |
| Adjusted EPS (non-GAAP) | $0.86 | $0.89 | -3.4% |
| Net cash provided by operating activities | $423M | $316M | +34% |
| Free cash flow | $404M | $286M | +41% |
- Create Solutions revenue was $165M, up 8%; Grow Solutions revenue was $338M, up 11%. Vector had mid-teen sequential revenue growth and represented 56% of Grow revenue; declines in the IronSource Ad Network, 11% of Grow revenue, partly offset growth.
- Q4 adjusted EBITDA margin was 25%, vs 23%; Unity attributed the improvement to better cost control and higher revenue. FY adjusted EBITDA margin was 22%, vs 21%.
- Cash, cash equivalents and restricted cash were $2.06B at 12/31/2025, up $536M Y/Y, primarily from operations and proceeds from stock-option exercises and ESPP purchases, partly offset by debt-refinancing outflows.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q1 2026 | $480M-$490M | — | — |
| Grow Solutions revenue | Q1 2026 | Flat sequentially | — | — |
| Create Solutions revenue, excluding non-strategic revenue | Q1 2026 | Double-digit Y/Y growth | — | — |
| Adjusted EBITDA (non-GAAP) | Q1 2026 | $105M-$110M | — | — |
Investor Takeaways
- Watch Q1 revenue and adjusted EBITDA against guidance, including whether Grow holds flat sequentially and Create achieves double-digit Y/Y growth.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3