# Unity Software Inc. (U) — Stock CV

Unity Software Inc. is a $20.7B technology company. Revenue grew 14.0% over the last year, and it currently loses money.

> Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices.

## Identity

- **Ticker**: U
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: SAN FRANCISCO, CA
- **Employees**: 4 412
- **Website**: https://www.unity.com
- **Market cap**: $20.7B
- **Last price**: $46.95
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $2.03B
- **Net income**: -$588M
- **Free cash flow**: $538M
- **Revenue growth (YoY)**: 14.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 30 |
| Growth | 20 |
| Profitability | 0 |
| Health | 25 |
| Quality | 46 |
| Moat | 30 |

## Qualifications (beginner checklist) — 5 of 9 passed

- [x] Revenue growing — +14.0% YoY
- [ ] Profitable — -$588M TTM
- [x] Profit growing — +39.4% YoY
- [x] Generates cash — $538M TTM
- [x] Debt under control — current ratio 2.03
- [x] Established company — $20.7B market cap
- [ ] Not printing shares — +49.2% shares over ~5y
- [ ] Proven track record — 0/6 profitable years
- [ ] Financially stable — health score 25/100

## Experience (career milestones)

- **2026** — Unity also announced in March 2026 that they would shut down ironSource which they previously acquired in 2022 for…
- **2023** — Unity announced that they would dismiss 265 employees as part of a termination of its agreement…
- **FY2021** — Revenue crossed $1B: $1.11B for the year
- **2021** — In a cash and shares deal Unity acquired Weta Digital for $1.63 billion in November 2021
- **2020** — Unity announced its plans to offer an initial public offering (IPO) in August 2020
- **2014** — Unity acquired Applifier, a Helsinki-based mobile service provider, in March 2014
- **2014** — Two more acquisitions followed later in 2014: Playnomics, a data analysis platform for developers (now Unity Analytics)
- **2010** — The Unity Asset Store launched in November 2010 as an online marketplace for Unity users to sell project assets…
- **2007** — Over the Edge changed its name to Unity Technologies
- **2005** — Over the Edge released its first game, GooBall, in 2005
- **2004** — It was founded in Denmark in August 2004 as Over the Edge I/S and changed its name in 2007

## Strengths

- High gross margin (76.3%)
- Revenue growing 14.0% year over year
- Strong cash conversion — FCF is 26.5% of revenue

## Watch-outs

- Not profitable — 29.0% net margin
- Thin interest coverage (-15.5×)
- Loss-making in 6 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.11B | -$533M | -$153M |
| FY2022 | $1.39B | -$921M | -$117M |
| FY2023 | $2.19B | -$822M | $179M |
| FY2024 | $1.81B | -$664M | $286M |
| FY2025 | $1.85B | -$403M | $404M |

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Source: https://stockcv.com/U — derived from company filings; may be delayed or incomplete. Information, not investment advice.