Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.

Unity Software Inc. (U)

Technology High-growth

Unity provides the digital engine room for creators to build, run, and grow interactive 3D content for games, films, and industrial designs.

$43.96

Is Unity Software Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Dominant position in the gaming software market. Worth weighing: Currently not profitable, with negative net margins.

No rating · no target price · nothing for sale here
Price+189.0%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range+8% past year
$43.96
Low $16.78High $52.15
Where today's price sits versus its past year - context, not a signal.

Is this normal for this company?

Each figure against the range this same company has produced recently. Neither end of a range is the good end.

Price to earnings
46.3now
24.949.8

Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.

Net profit margin
-4.3%now
-68.4%-4.3%

Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.

How these ranges are built

Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.

What does Unity Software Inc. do?

Unity is the software behind many of the world's most popular mobile, console, and PC games, offering tools that help developers bring their ideas to life. Revenue flows in two ways: subscription fees for its software plus a slice of the advertising services that help creators monetise their apps. Watch closely whether they can turn their strong revenue growth: How fast the company's sales grew versus a year ago. into actual profit, since they currently spend more than they earn.

On our factor screen it looks strongest on momentum and growth, and weakest on income.

Quick checks
What's strong
  • Growth screens high
  • Momentum screens high
What to watch
  • Value screens low
  • Income screens low

Does Unity Software Inc. pay a dividend?

No - Unity Software Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

Does Unity Software Inc. have more cash or more debt?

It holds about $2.35B in cash against about $2.32B of debt - so it has net cash of about $31.10M. More cash than debt is a cushion: it does not need to borrow just to cover what it owes.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do Unity Software Inc.'s numbers mean?

Forward P/E
25.52
This suggests investors are paying about £24 for every £1 of expected future profit, reflecting high hopes for the company's growth.
Around the middle of the 131 Technology shares we cover
P/S
9.52
This compares the company's total market value to its yearly sales, showing how much investors are willing to pay for each pound of revenue.
Around the middle of the 126 Technology shares we cover
Gross margin
76.1%
This shows that for every pound of sales, the company keeps nearly 75 pence after covering the direct costs of providing its software.
Higher than most of the 131 Technology shares we cover
Beta
2.0
A beta of 2.0 means the share price tends to be twice as volatile as the wider stock market, moving up or down more sharply.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Unity Software Inc.
$2,890+189%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Unity Software Inc. actually fallen?

−65%

Over the last 2 years of daily prices, Unity Software Inc. fell as much as −65% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2022-80%
2023+43%
2024-45%
2025+97%
2026 so far-1%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$19.31B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
9.31M
Day range: The lowest and highest price the shares traded at during the latest day.
$42.01 – $44.24
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$16.78 – $52.15
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
2.02

Does the share price tell you if it's cheap or expensive?

One share costs$43.96
Number of shares439 million
So the whole company is worth$19.31bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns Unity Software Inc.?

Big institutions 82%Company insiders 3%Public & smaller investors 15%

About 82% of Unity Software Inc., or about 82 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 3%. The rest, roughly 15%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 2.02
Calm
Wild
Bumpier than the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +11% past week · ▲ +8% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Unity Software Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$136.62M$273.23M$409.85M$546.47MQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
76.1%
Net margin
-29.0%
Return on equity
-17.4%

When does Unity Software Inc. report earnings, and how did recent quarters go?

Unity Software Inc. is next scheduled to report on about 2026-11-04 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Unity Software Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-08-06$0.25$0.28Beat +12%
2026-05-07$0.24$0.23Missed -4%
2026-02-11$0.21$0.24Beat +15%
2025-11-05$0.17$0.20Beat +20%
2025-08-06$0.15$0.18Beat +22%
2025-05-07$0.11$0.24Beat +122%

Across the last 6 quarters here, Unity Software Inc. came in ahead of what analysts expected 5 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Unity Software Inc.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+10% to +15%Stronger adoption of their new advertising tools
Base
-5% to +5%Steady growth in line with current trends
Bear
-10% to -20%Increased competition in the game engine market

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Unity becomes the standard for the 'metaverse' and industrial digital twins

The bear case

Technological obsolescence or loss of market share

What are the pros and cons of Unity Software Inc.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Dominant position in the gaming software market
  • High gross margins indicate a scalable business model
  • Essential tools for the growing 3D and virtual reality industries
The catch3
  • Currently not profitable, with negative net margins
  • High share price volatility compared to the broader market
  • No dividend payments for shareholders
Key risks3
  • Intense competition from other game engine providers
  • Reliance on the cyclical: A business whose sales and profits rise and fall with the wider economy - booming in good times, sinking in downturns. Miners, carmakers and banks are classic examples. gaming industry
  • Potential for further dilution if they issue more shares to fund operations
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • The company reporting a consistent net profit for several quarters
  • A significant drop in market share to a major competitor

Common questions about Unity Software Inc.

Does Unity Software Inc. pay a dividend?

No - Unity Software Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does Unity Software Inc. report earnings next?

Unity Software Inc. is next scheduled to report results on about 2026-11-04. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

More in Technology

CoreWeave, Inc.Strategy IncD-Wave Quantum Inc.C3.ai, Inc.BigBear.ai Holdings, Inc.Wise Group plcJabil Inc.CDW Corporation
Confidence: medium · data: USD · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.