Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
UNITY SOFTWARE INC.'s top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+13.6%Compound growth, FY2021 to FY2025
Gross profit
+12.5%Compound growth, FY2021 to FY2025
Operating Income
FY2025Latest annual filing, FY2025
Net income
FY2025Latest annual filing, FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
UNITY SOFTWARE INC. headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for UNITY SOFTWARE INC., from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
UNITY SOFTWARE INC. expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for UNITY SOFTWARE INC..
Margins
How much of UNITY SOFTWARE INC.'s revenue survives through gross profit, operating income, and net income.
Gross margin
-299 bpsFY2025, versus FY2021
Operating Margin
+2198 bpsFY2025, versus FY2021
Net income margin
+2618 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
UNITY SOFTWARE INC. margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of UNITY SOFTWARE INC.'s statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
UNITY SOFTWARE INC. year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the past five years, Unity Software has experienced notable revenue and gross profit growth alongside improvements in its operating income and net income margins, though it remains unprofitable overall. Revenue increased from approximately 1,110 million USD in 2021 to a peak of 2,187 million USD in 2023, reflecting a compound annual growth driven potentially by increased adoption of its real-time 3D development platform. Gross profit followed a similar trajectory, rising from about 857 million USD to 1,454 million USD, which suggests enhanced efficiency in generating profit from sales despite escalating investments. However, operating income and net income remain negative, indicating that heavy operational and research investments continue to weigh on profitability. Of particular note was the more than 65% deterioration in operating income from 2021 (-532 million USD) to 2022 (-882 million USD), likely indicative of steep scaling costs or increased operating expenses. Conversely, the significant turnaround in 2025—with operating income improving by over 36% from 2024 and net income moving closer to break-even—points to effective cost containment measures or a strategic shift to boosting operational efficiency. Given Unity Software’s role in the game development and real-time 3D content industry, these trends are not unexpected as the firm has been prioritizing rapid revenue expansion and market share over short-term profitability. Although the large operating losses in earlier years signal challenges around scaling and operational leverage, the more recent improvements in margins are encouraging and suggest a gradual move toward sustainable operations. Overall, while Unity continues to invest heavily in growth, the recent narrowing of losses hints at future potential for a healthier financial position as it matures in a competitive and evolving industry environment.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
