Ubiquiti (UI) Operating Expenses (2010 - 2026)
Ubiquiti's (UI) quarterly Operating Expenses came in at $79.9 million in Q1 2026, up 15.76% year-on-year from $69.0 million in Q1 2025, and down 1.49% quarter-over-quarter from $81.1 million in Q4 2025.
Ubiquiti (UI) Operating Expenses (2010 - 2026) Analysis & Trends
Ubiquiti has disclosed Operating Expenses across 17 years of filings, most recently posting $79.9 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $79.9 million, up 15.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $318.0 million (up 19.72% YoY), and the FY2025 annual result was $281.2 million, up 16.78% from the prior year.
- Operating Expenses came in at $79.9 million for Q1 2026 at Ubiquiti, down from $81.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $81.3 million in Q2 2025 to a low of $49.4 million in Q3 2022.
- The 5-year median for Operating Expenses is $62.4 million (2024), against an average of $63.8 million.
- Across the five-year window, Operating Expenses advanced 2.88% in 2023 and advanced 23.65% in 2025, its largest moves.
- Ubiquiti's Operating Expenses stood at $52.4 million in 2022, then rose by 7.89% to $56.5 million in 2023, then increased by 21.0% to $68.4 million in 2024, then advanced by 18.53% to $81.1 million in 2025, then dropped by 1.49% to $79.9 million in 2026.
- The last three Operating Expenses figures came in at $79.9 million (Q1 2026), $81.1 million (Q4 2025), and $75.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 436.11 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 691.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 8.83 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 182.50 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 79.89 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 164.15 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 56.91 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 527.00 Mn |
| 10 | Viavi Solutions | 10.76 Bn | 10.75 Bn | 234.10 Mn | 209.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.89 Mn |
| Dec 31, 2025 | 81.10 Mn |
| Sep 30, 2025 | 75.69 Mn |
| Jun 30, 2025 | 81.33 Mn |
| Mar 31, 2025 | 69.01 Mn |
| Dec 31, 2024 | 68.42 Mn |
| Sep 30, 2024 | 62.41 Mn |
| Jun 30, 2024 | 65.77 Mn |
| Mar 31, 2024 | 62.88 Mn |
| Dec 31, 2023 | 56.55 Mn |
| Sep 30, 2023 | 55.57 Mn |
| Jun 30, 2023 | 59.45 Mn |
| Mar 31, 2023 | 54.95 Mn |
| Dec 31, 2022 | 52.41 Mn |
| Sep 30, 2022 | 49.36 Mn |
| Jun 30, 2022 | 57.07 Mn |
| Mar 31, 2022 | 53.41 Mn |
| Dec 31, 2021 | 49.31 Mn |
| Sep 30, 2021 | 47.77 Mn |
| Jun 30, 2021 | 47.92 Mn |