Unity Software Inc(NYSE:U) 
Unity Software Inc. operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions dire...
Website: http://www.unity.com
Founded: 2004
IPO Price: $52 (Sep 18, 2020)
Full Time Employees: 7,703 (Dec 2022)
Founder: David Helgason, Nicholas Francis, Joachim Ante
CEO: Matthew Bromberg
Sector: Technology
Industry: Software-Application
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At a glance:
- Cost Cuts and Restructuring Remain Central to the Story: Unity has been focused on reducing operating expenses through workforce reductions and streamlining efforts, aiming to improve profitability and cash flow after a period of elevated costs.
- Core Create (Engine/Tools) Business Drives Engagement, Monetization Is the Challenge: Unity’s engine and development tools maintain broad adoption among game developers, but converting usage into durable, high-margin revenue growth has been pressured by pricing and product changes.
- Grow/Monetization Segment Faces Ongoing Volatility: Unity’s advertising and monetization products have been more cyclical and sensitive to ad-market dynamics, with performance affected by demand swings and industry-wide shifts in mobile advertising.
- Strategy and Trust Reset After Prior Pricing Controversy: Following backlash to earlier pricing model changes, Unity has emphasized rebuilding developer trust, clarifying terms, and stabilizing its commercial approach to reduce churn and reputational risk.
- Balance Sheet and Cash Discipline Are Key Near-Term Investor Focus: Investors are closely watching liquidity, debt/convertible obligations, and progress toward sustainable free cash flow as Unity prioritizes financial discipline alongside product execution.
Bull Thesis:
- Market Leadership and Developer Ecosystem: Unity maintains a dominant position in the real-time 3D development space, particularly for mobile and indie games. Its extensive developer community, comprehensive toolset, and established ecosystem create a strong moat, ensuring continued adoption and recurring revenue from a vast user base.
- Diversification Beyond Gaming: Unity is successfully expanding its reach into non-gaming industries such as automotive, architecture, engineering, construction (AEC), film, and XR/metaverse applications. This diversification broadens its total addressable market, reduces reliance on the cyclical gaming sector, and taps into high-growth enterprise opportunities for digital twins and immersive experiences.
- Monetization Improvements and Profitability Focus: The integration of IronSource significantly enhances Unity's 'Grow' solutions, providing robust monetization tools for developers. Coupled with recent cost-cutting measures and a stated commitment to achieving sustained profitability and positive free cash flow, the company is poised for improved financial performance and shareholder value.
- Foundational Technology for Spatial Computing: Unity's engine is a critical tool for building immersive 3D content, positioning it as a foundational technology for the emerging spatial computing era, including augmented reality (AR), virtual reality (VR), and the metaverse. As these technologies mature, Unity stands to benefit from increased demand for its development platform.
Bear Thesis:
- Developer Backlash and Trust Erosion: The controversial runtime fee policy and its subsequent revisions severely damaged developer trust and goodwill. This erosion of confidence could lead to developers exploring alternative engines (e.g., Unreal Engine, Godot) for future projects, potentially impacting Unity's long-term market share and growth.
- Intense Competition and Platform Migration Risk: Unity faces strong competition from Epic Games' Unreal Engine, which offers a compelling alternative, especially for high-fidelity games, and has a more developer-friendly royalty model. Additionally, open-source engines like Godot are gaining traction, posing a threat to Unity's dominance and increasing the risk of developer migration.
- Profitability Challenges and Execution Risk: Despite recent efforts and stated goals, Unity has historically struggled with consistent profitability and achieving sustained positive free cash flow. The path to financial stability involves complex integration of acquired assets, effective cost management, and successful monetization strategies, all of which carry significant execution risk.
- Reliance on Ad Revenue and Market Volatility: A significant portion of Unity's revenue, particularly from its 'Grow' solutions, is tied to digital advertising. This segment is susceptible to market downturns, changes in privacy regulations (e.g., Apple's ATT), and increased competition, making Unity's revenue stream vulnerable to external economic and regulatory pressures.
Main Competitors:
- Epic Games (Unreal Engine), The primary direct competitor in the real-time 3D development engine market. Unreal Engine is known for its high-fidelity graphics, advanced features, and suitability for AAA games, film, and architectural visualization, directly vying for the same developer base and project types as Unity, especially at the higher end.
- Roblox Corporation ($RBLX) (Roblox Studio / Roblox Platform), Competes for creators and user engagement, particularly in the user-generated content (UGC) and metaverse space. Roblox provides an integrated platform for users to create, share, and play games and experiences, often attracting younger developers who might otherwise use Unity for simpler projects or mobile games.
- Amazon (Open 3D Foundation) ($AMZN) (Open 3D Engine (O3DE) / AWS Game Tech), Amazon, through its backing of the Open 3D Engine (O3DE) – a successor to Amazon Lumberyard – offers a royalty-free, open-source 3D engine alternative. AWS Game Tech also provides cloud-based backend services and tools that compete with Unity's services ecosystem, attracting developers looking for integrated cloud solutions.
- Adobe Inc. ($ADBE) (Substance 3D Collection, Creative Cloud), Competes in the broader 3D content creation pipeline. While not a game engine, Adobe's Substance 3D tools (Painter, Designer, Sampler) are industry standards for creating textures and materials, which are crucial assets for any Unity project. Adobe competes for the same creative professionals' budgets and workflows for asset creation that feeds into 3D engines.
Moat:
Unity's primary moat lies in its accessibility, broad platform support, and extensive ecosystem (Asset Store, community). It excels in attracting indie developers, mobile game creators, and those seeking a versatile engine for various interactive 3D applications. However, competition is fierce, particularly from Epic Games' Unreal Engine for high-fidelity projects, Roblox for user-generated content and younger creators, and open-source alternatives like O3DE. Additionally, specialized tools from companies like Adobe compete for crucial parts of the 3D content creation pipeline, while cloud providers offer competing backend services. The battle is for developer adoption, ecosystem lock-in, and monetization opportunities across the entire real-time 3D landscape.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 470,615,000 | 440,944,000 | 435,000,000 | 457,099,000 | 446,517,000 | 449,259,000 | 460,380,000 | 609,268,000 | 544,210,000 | 533,478,000 | 500,361,000 | 450,974,000 | 322,881,000 | 297,043,000 | 320,126,000 | 315,864,000 | 286,328,000 | 273,562,000 | 234,772,000 | 220,336,000 | 200,784,000 |
yoy | 5.40% | -1.85% | -5.51% | -24.98% | -17.95% | -15.79% | -7.99% | 35.10% | 68.55% | 79.60% | 56.30% | 42.77% | 12.77% | 8.58% | 36.36% | 43.36% | 42.60% | ||||
qoq | 6.73% | 1.37% | -4.83% | 2.37% | -0.61% | -2.42% | -24.44% | 11.95% | 2.01% | 6.62% | 10.95% | 39.67% | 8.70% | -7.21% | 1.35% | 10.32% | 4.67% | 16.52% | 6.55% | 9.74% | |
cost of revenue | 120,332,000 | 114,211,000 | 113,957,000 | 115,537,000 | 112,054,000 | 108,875,000 | 144,387,000 | 261,582,000 | 151,349,000 | 158,827,000 | 161,964,000 | 139,928,000 | 111,903,000 | 96,836,000 | 93,833,000 | 73,654,000 | 63,517,000 | 57,725,000 | 58,734,000 | 52,507,000 | 47,540,000 |
gross profit | 350,283,000 | 326,733,000 | 321,043,000 | 341,562,000 | 334,463,000 | 340,384,000 | 315,993,000 | 347,686,000 | 392,861,000 | 374,651,000 | 338,397,000 | 311,046,000 | 210,978,000 | 200,207,000 | 226,293,000 | 242,210,000 | 222,811,000 | 215,837,000 | 176,038,000 | 167,829,000 | 153,244,000 |
yoy | 4.73% | -4.01% | 1.60% | -1.76% | -14.86% | -9.15% | -6.62% | 11.78% | 86.21% | 87.13% | 49.54% | 28.42% | -5.31% | -7.24% | 28.55% | 44.32% | 45.40% | ||||
qoq | 7.21% | 1.77% | -6.01% | 2.12% | -1.74% | 7.72% | -9.12% | -11.50% | 4.86% | 10.71% | 8.79% | 47.43% | 5.38% | -11.53% | -6.57% | 8.71% | 3.23% | 22.61% | 4.89% | 9.52% | |
gross margin % | 74.43% | 74.10% | 73.80% | 74.72% | 74.90% | 75.77% | 68.64% | 57.07% | 72.19% | 70.23% | 67.63% | 68.97% | 65.34% | 67.40% | 70.69% | 76.68% | 77.82% | 78.90% | 74.98% | 76.17% | 76.32% |
operating expenses | |||||||||||||||||||||
research and development | 244,357,000 | 214,807,000 | 220,625,000 | 217,970,000 | 215,197,000 | 208,935,000 | 282,728,000 | 265,150,000 | 240,003,000 | 267,955,000 | 280,480,000 | 274,111,000 | 248,380,000 | 215,960,000 | 221,040,000 | 209,066,000 | 178,413,000 | 154,216,000 | 154,015,000 | 120,008,000 | 116,648,000 |
sales and marketing | 165,869,000 | 161,513,000 | 162,013,000 | 175,747,000 | 176,423,000 | 169,854,000 | 230,625,000 | 215,367,000 | 194,000,000 | 209,131,000 | 216,127,000 | 183,470,000 | 109,639,000 | 100,908,000 | 103,939,000 | 102,833,000 | 97,425,000 | 74,888,000 | 69,793,000 | 68,677,000 | 60,764,000 |
general and administrative | 65,913,000 | 69,165,000 | 66,340,000 | 71,499,000 | 69,989,000 | 91,015,000 | 177,569,000 | 126,129,000 | 86,256,000 | 89,017,000 | 96,774,000 | 127,225,000 | 92,585,000 | 81,005,000 | 72,475,000 | 75,140,000 | 73,723,000 | 135,917,000 | 63,132,000 | 59,991,000 | 117,515,000 |
total operating expenses | 476,139,000 | 445,485,000 | 448,978,000 | 465,216,000 | 461,609,000 | 469,804,000 | 690,922,000 | 606,646,000 | 520,259,000 | 566,103,000 | 593,381,000 | 584,806,000 | 450,604,000 | 397,873,000 | 397,454,000 | 387,039,000 | 349,561,000 | 365,021,000 | 286,940,000 | 248,676,000 | 294,927,000 |
income from operations | -125,856,000 | -118,752,000 | -127,935,000 | -123,654,000 | -127,146,000 | -129,420,000 | -374,929,000 | -258,960,000 | -127,398,000 | -191,452,000 | -254,984,000 | -273,760,000 | -239,626,000 | -197,666,000 | -171,161,000 | -144,829,000 | -126,750,000 | -149,184,000 | -110,902,000 | -80,847,000 | -141,683,000 |
yoy | -1.01% | -8.24% | -65.88% | -52.25% | -0.20% | -32.40% | 47.04% | -5.41% | -46.83% | -3.14% | 48.97% | 89.02% | 89.05% | 32.50% | 54.34% | 79.14% | -10.54% | ||||
qoq | 5.98% | -7.18% | 3.46% | -2.75% | -1.76% | -65.48% | 44.78% | 103.27% | -33.46% | -24.92% | -6.86% | 14.24% | 21.23% | 15.49% | 18.18% | 14.26% | -15.04% | 34.52% | 37.18% | -42.94% | |
operating margin % | -26.74% | -26.93% | -29.41% | -27.05% | -28.48% | -28.81% | -81.44% | -42.50% | -23.41% | -35.89% | -50.96% | -60.70% | -74.21% | -66.54% | -53.47% | -45.85% | -44.27% | -54.53% | -47.24% | -36.69% | -70.56% |
interest expense | -6,043,000 | -6,030,000 | -5,891,000 | -5,839,000 | -5,839,000 | -5,829,000 | -6,035,000 | -6,155,000 | -6,154,000 | -6,142,000 | -6,129,000 | -4,035,000 | -1,135,000 | -1,123,000 | -1,111,000 | -531,000 | -485,000 | -115,000 | -117,000 | -615,000 | |
interest income and other income | 14,448,000 | 19,837,000 | 58,111,000 | 25,612,500 | 15,350,000 | 10,457,000 | 76,643,000 | ||||||||||||||
income before income taxes | -117,451,000 | -104,945,000 | -75,715,000 | -120,385,000 | -117,635,000 | -124,792,000 | -304,321,000 | -244,275,000 | -117,539,000 | -188,533,000 | -247,498,000 | -270,694,000 | -238,553,000 | -201,847,000 | |||||||
provision for income taxes | 9,377,000 | 2,420,000 | 2,192,000 | 2,138,000 | 6,913,000 | 946,000 | -12,843,000 | 9,710,000 | 7,771,000 | 4,791,000 | 6,205,000 | 17,060,000 | 11,468,000 | 2,311,000 | 6,224,000 | 16,288,000 | -11,662,000 | -1,257,000 | -1,992,000 | -518,000 | 398,000 |
net income | -126,828,000 | -107,365,000 | -77,907,000 | -122,523,000 | -124,548,000 | -125,738,000 | -291,478,000 | -253,985,000 | -125,310,000 | -193,324,000 | -253,703,000 | -287,754,000 | -250,021,000 | -204,158,000 | -177,555,000 | -161,653,000 | -115,152,000 | -148,342,000 | -107,460,000 | -83,502,000 | -144,719,000 |
yoy | 1.83% | -14.61% | -73.27% | -51.76% | -0.61% | -34.96% | 14.89% | -11.74% | -49.88% | -5.31% | 42.89% | 78.01% | 117.12% | 37.63% | 65.23% | 93.59% | -20.43% | ||||
qoq | 18.13% | 37.81% | -36.41% | -1.63% | -0.95% | -56.86% | 14.76% | 102.69% | -35.18% | -23.80% | -11.83% | 15.09% | 22.46% | 14.98% | 9.84% | 40.38% | -22.37% | 38.04% | 28.69% | -42.30% | |
net income margin % | -26.95% | -24.35% | -17.91% | -26.80% | -27.89% | -27.99% | -63.31% | -41.69% | -23.03% | -36.24% | -50.70% | -63.81% | -77.43% | -68.73% | -55.46% | -51.18% | -40.22% | -54.23% | -45.77% | -37.90% | -72.08% |
net income attributable to noncontrolling interest and redeemable noncontrolling interests | -466,000 | 1,433,000 | -265,000 | 204,000 | 191,000 | -164,000 | -404,000 | -1,236,000 | -1,239,000 | -1,164,000 | -672,000 | ||||||||||
net income attributable to unity software inc. | -126,362,000 | -108,798,000 | -77,642,000 | -122,727,000 | -124,739,000 | -125,574,000 | -291,074,000 | -252,749,000 | -124,071,000 | -192,160,000 | -253,031,000 | ||||||||||
net income per share | -0.3 | -0.26 | -0.19 | -0.3 | -0.31 | -0.32 | -0.75 | -0.67 | -0.32 | -0.51 | -0.67 | -0.83 | -0.84 | -0.69 | -0.6 | -0.57 | -0.41 | -0.53 | -0.39 | -0.19 | -0.97 |
weighted-average shares used for eps calculation | 424,296 | 417,566 | 411,852 | 395,951 | 398,810 | 392,537 | 387,151 | 380,457 | 383,674 | 380,355 | 375,909 | 310,504 | 299,062 | 296,849 | 294,341 | 282,195 | 283,714 | 280,374 | 276,068 | 169,973 | 149,256 |
interest income and other expense | 20,840,000 | 16,013,000 | 9,061,000 | 13,615,000 | 7,101,000 | 2,208,000 | -3,058,000 | 941,000 | -5,000 | -64,000 | 70,000 | 1,565,000 | -3,056,000 | -2,023,000 | |||||||
income before provision for income taxes | -171,331,000 | -145,365,000 | -126,814,000 | -149,599,000 | -109,452,000 | -84,020,000 | -144,321,000 | ||||||||||||||
basic and diluted net loss per share: | |||||||||||||||||||||
other comprehensive loss, net of taxes: | |||||||||||||||||||||
change in foreign currency translation adjustment | 33,000 | 209,000 | |||||||||||||||||||
comprehensive loss | -49,668,500 | -144,510,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 1,898,558,000 | 1,691,045,000 | 1,541,170,000 | 1,517,672,000 | 1,405,276,000 | 1,267,957,000 | 1,179,962,000 | 1,590,325,000 | 1,507,164,000 | 1,640,926,000 | 1,593,946,000 | 1,485,084,000 | 1,239,337,000 | 1,162,385,000 | 1,152,014,000 | 1,055,776,000 | 755,429,000 | 1,001,944,000 | 1,119,935,000 | 1,272,578,000 | |
accounts receivable | 600,117,000 | 596,560,000 | 552,958,000 | 573,884,000 | 576,436,000 | 573,220,000 | 621,184,000 | 611,723,000 | 604,743,000 | 632,032,000 | 612,763,000 | 633,775,000 | 316,337,000 | 322,332,000 | 332,958,000 | 340,491,000 | 301,035,000 | 340,716,000 | 298,200,000 | 274,255,000 | 225,525,000 |
prepaid expenses and other | 123,885,000 | 120,171,000 | 144,514,000 | 133,795,000 | 134,656,000 | 142,889,000 | 140,092,000 | 122,843,000 | 120,758,000 | 121,406,000 | 136,653,000 | 144,070,000 | 81,960,000 | 81,559,000 | 48,734,000 | 39,097,000 | 31,158,000 | 34,877,000 | 41,913,000 | 32,025,000 | 26,068,000 |
total current assets | 2,622,560,000 | 2,407,776,000 | 2,238,642,000 | 2,225,351,000 | 2,116,368,000 | 1,984,066,000 | 1,941,238,000 | 2,324,891,000 | 2,232,665,000 | 2,394,364,000 | 2,343,362,000 | 2,364,640,000 | 2,084,400,000 | 2,157,751,000 | 2,224,197,000 | 2,151,110,000 | 1,636,970,000 | 1,995,169,000 | 2,010,187,000 | 2,080,660,000 | 2,030,976,000 |
property and equipment | 76,626,000 | 82,426,000 | 89,972,000 | 98,819,000 | 108,085,000 | 112,080,000 | 122,783,000 | 140,887,000 | 140,807,000 | 135,387,000 | 129,050,000 | 121,863,000 | 112,458,000 | 112,489,000 | 110,170,000 | 106,106,000 | 98,688,000 | 95,948,000 | 97,597,000 | 95,544,000 | 89,930,000 |
goodwill | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,166,304,000 | 3,202,116,000 | 3,200,955,000 | 3,200,955,000 | 3,200,955,000 | 1,657,863,000 | 1,657,920,000 | 1,657,817,000 | 1,620,127,000 | 638,868,000 | 342,134,000 | 306,160,000 | 286,251,000 | 271,200,000 |
intangible assets | 769,022,000 | 894,367,000 | 980,584,000 | 1,066,235,000 | 1,154,699,000 | 1,230,716,000 | 1,318,787,000 | 1,406,745,000 | 1,626,392,000 | 1,725,438,000 | 1,824,313,000 | 1,922,234,000 | 724,926,000 | 758,109,000 | 789,144,000 | 814,386,000 | 131,927,000 | 65,701,000 | 57,940,000 | 57,459,000 | 59,269,000 |
other assets | 148,785,000 | 165,551,000 | 170,453,000 | 180,698,000 | 180,399,000 | 190,568,000 | 204,151,000 | 204,614,000 | 223,703,000 | 230,702,000 | 237,053,000 | 224,293,000 | 147,514,000 | 143,152,000 | 53,168,000 | 40,401,000 | 56,239,000 | 41,301,000 | 44,012,000 | 26,333,000 | 23,034,000 |
total assets | 6,783,297,000 | 6,716,424,000 | 6,645,955,000 | 6,737,407,000 | 6,725,855,000 | 6,683,734,000 | 6,753,263,000 | 7,243,441,000 | 7,425,683,000 | 7,686,846,000 | 7,734,733,000 | 7,833,985,000 | 4,727,161,000 | 4,840,176,000 | 4,946,660,000 | 4,841,346,000 | 2,678,277,000 | 2,661,732,000 | 2,650,442,000 | 2,671,225,000 | 2,605,696,000 |
liabilities and stockholders' equity | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable | 20,006,000 | 12,248,000 | 16,538,000 | 13,948,000 | 15,195,000 | 12,693,000 | 18,862,000 | 14,517,000 | 22,166,000 | 18,580,000 | 28,222,000 | 20,221,000 | 14,182,000 | 11,633,000 | 13,005,000 | 14,009,000 | 10,587,000 | 8,306,000 | 15,958,000 | 11,303,000 | 7,856,000 |
accrued expenses and other | 299,394,000 | 278,850,000 | 273,444,000 | 294,951,000 | 289,340,000 | 264,469,000 | 302,207,000 | 307,704,000 | 305,137,000 | 295,524,000 | 321,234,000 | 326,339,000 | 221,931,000 | 214,217,000 | |||||||
publisher payables | 397,190,000 | 372,719,000 | 339,129,000 | 394,284,000 | 382,552,000 | 388,253,000 | 410,671,000 | 385,113,000 | 408,259,000 | 445,950,000 | 417,866,000 | 445,622,000 | 172,646,000 | 197,631,000 | 213,857,000 | 237,637,000 | 198,686,000 | 221,368,000 | 186,316,000 | 182,269,000 | 151,143,000 |
deferred revenue | 225,645,000 | 219,448,000 | 188,490,000 | 186,304,000 | 189,810,000 | 176,127,000 | 170,435,000 | 186,769,000 | 214,788,000 | 215,012,000 | 212,925,000 | 218,102,000 | 202,984,000 | 202,990,000 | 200,218,000 | 140,528,000 | 129,294,000 | 123,461,000 | 116,718,000 | 113,853,000 | 97,910,000 |
total current liabilities | 942,235,000 | 883,265,000 | 817,601,000 | 889,487,000 | 876,897,000 | 841,542,000 | 902,175,000 | 894,103,000 | 950,350,000 | 975,066,000 | 980,247,000 | 1,010,284,000 | 611,743,000 | 626,471,000 | 630,260,000 | 625,535,000 | 578,962,000 | 556,396,000 | 490,592,000 | 503,222,000 | 409,813,000 |
convertible notes | 2,234,307,000 | 2,233,255,000 | 2,232,143,000 | 2,238,922,000 | 2,238,083,000 | 2,237,245,000 | 2,236,415,000 | 2,711,750,000 | 2,710,596,000 | 2,709,442,000 | 2,708,300,000 | 2,707,171,000 | 1,706,403,000 | 1,705,268,000 | 1,704,145,000 | 1,703,035,000 | |||||
long-term deferred revenue | 16,749,000 | 15,480,000 | 14,710,000 | 16,846,000 | 17,257,000 | 10,173,000 | 9,080,000 | 6,015,000 | 65,323,000 | 78,859,000 | 90,407,000 | 103,442,000 | 118,170,000 | 131,519,000 | 145,676,000 | 15,945,000 | 18,614,000 | 19,570,000 | 22,256,000 | 20,523,000 | 16,531,000 |
other long-term liabilities | 135,376,000 | 150,349,000 | 154,863,000 | 165,004,000 | 167,058,000 | 178,198,000 | 190,869,000 | 217,195,000 | 234,044,000 | 255,604,000 | 264,107,000 | 258,959,000 | 88,159,000 | 94,847,000 | 10,097,000 | 9,901,000 | 16,632,000 | 11,409,000 | 10,386,000 | 11,805,000 | 17,571,000 |
total liabilities | 3,328,667,000 | 3,282,349,000 | 3,219,317,000 | 3,310,259,000 | 3,299,295,000 | 3,267,158,000 | 3,338,539,000 | 3,829,063,000 | 3,960,313,000 | 4,018,971,000 | 4,043,061,000 | 4,079,856,000 | 2,524,475,000 | 2,558,105,000 | 2,584,518,000 | 2,446,955,000 | 711,175,000 | 691,949,000 | 633,230,000 | 634,082,000 | 545,790,000 |
commitments and contingencies | |||||||||||||||||||||
redeemable noncontrolling interests | 245,160,000 | 240,697,000 | 234,740,000 | 230,627,000 | 236,914,000 | 226,056,000 | 224,736,000 | 225,797,000 | 216,945,000 | 215,749,000 | 225,376,000 | 219,563,000 | |||||||||
stockholders' equity: | |||||||||||||||||||||
common stock | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | ||||||||||||||
authorized shares - 1,000,000 and 1,000,000 | |||||||||||||||||||||
issued and outstanding shares - 427,778 and 409,393 | 2,000 | ||||||||||||||||||||
additional paid-in capital | 7,257,519,000 | 7,116,124,000 | 7,008,134,000 | 6,936,038,000 | 6,799,899,000 | 6,682,060,000 | 6,554,787,000 | 6,259,479,000 | 6,071,209,000 | 6,149,631,000 | 5,962,358,000 | 5,779,776,000 | 4,179,621,000 | 4,005,333,000 | 3,879,589,000 | 3,729,874,000 | 3,140,485,000 | 3,028,077,000 | 2,927,242,000 | 2,838,057,000 | 2,777,400,000 |
accumulated other comprehensive loss | -5,278,000 | -6,349,000 | -8,501,000 | -9,425,000 | -2,987,000 | -8,898,000 | -7,760,000 | -5,009,000 | -9,646,000 | -8,543,000 | -1,691,000 | -13,576,000 | -9,924,000 | -8,267,000 | -3,858,000 | -3,411,000 | -3,474,000 | -3,552,000 | -3,418,000 | -3,500,000 | |
accumulated deficit | -4,048,746,000 | -3,922,384,000 | -3,813,586,000 | -3,735,944,000 | -3,613,217,000 | -3,488,478,000 | -3,362,904,000 | -3,071,830,000 | -2,819,081,000 | -2,695,010,000 | -2,502,850,000 | -2,249,819,000 | -1,963,361,000 | -1,713,340,000 | -1,509,182,000 | -1,331,627,000 | -1,169,974,000 | -1,054,822,000 | -906,480,000 | -797,498,000 | -713,996,000 |
total unity software inc. stockholders' equity | 3,203,497,000 | 3,187,393,000 | 3,186,049,000 | 3,190,671,000 | 3,183,697,000 | 3,184,686,000 | 3,184,125,000 | 3,182,642,000 | 3,242,484,000 | ||||||||||||
noncontrolling interest | 5,973,000 | 5,985,000 | 5,849,000 | 5,850,000 | 5,949,000 | 5,834,000 | 5,863,000 | 5,939,000 | 5,941,000 | 6,046,000 | 6,296,000 | 6,298,000 | |||||||||
total stockholders' equity | 3,209,470,000 | 3,193,378,000 | 3,191,898,000 | 3,196,521,000 | 3,189,646,000 | 3,190,520,000 | 3,189,988,000 | 3,188,581,000 | 3,248,425,000 | 3,452,126,000 | 2,202,686,000 | ||||||||||
total liabilities and stockholders' equity | 6,783,297,000 | 6,716,424,000 | 6,645,955,000 | 6,737,407,000 | 6,725,855,000 | 6,683,734,000 | 6,753,263,000 | 7,243,441,000 | 7,425,683,000 | ||||||||||||
issued and outstanding shares - 420,441 and 409,393 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 415,406 and 409,393 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 409,393 and 384,872 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 402,578 and 384,872 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 395,444 and 384,872 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 390,397 and 384,872 | 2,000 | ||||||||||||||||||||
short-term investments | 101,711,000 | ||||||||||||||||||||
issued and outstanding shares - 384,872 and 374,243 | 2,000 | ||||||||||||||||||||
issued and outstanding shares - 379,720 and 374,243 | 2,000 | ||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||
issued and outstanding shares - 383,291 and 374,243 | 2,000 | ||||||||||||||||||||
total unity software inc. stockholders’ equity | 3,446,080,000 | 3,460,000,000 | 3,528,268,000 | ||||||||||||||||||
total liabilities and stockholders’ equity | 7,686,846,000 | 7,734,733,000 | 7,833,985,000 | 4,727,161,000 | 4,840,176,000 | 4,946,660,000 | 4,841,346,000 | 2,678,277,000 | 2,661,732,000 | 2,650,442,000 | 2,671,225,000 | 2,605,696,000 | |||||||||
unity software inc. stockholders’ equity: | |||||||||||||||||||||
issued and outstanding shares - 378,374 and 374,243 | 2,000 | ||||||||||||||||||||
accumulated other comprehensive income | 490,000 | ||||||||||||||||||||
common stock,0.000005 par value: | |||||||||||||||||||||
issued and outstanding shares - 374,243 and 292,592 | 2,000 | ||||||||||||||||||||
marketable securities | 446,766,000 | 591,475,000 | 656,581,000 | 681,323,000 | 524,969,000 | 587,080,000 | 527,300,000 | 479,406,000 | |||||||||||||
issued and outstanding shares - 300,588 and 292,592 | 2,000 | ||||||||||||||||||||
restricted cash | 10,755,000 | 10,678,000 | 10,823,000 | 10,823,000 | 10,823,000 | 18,137,000 | 21,369,000 | 22,409,000 | |||||||||||||
issued and outstanding shares - 298,028 and 292,592 | 2,000 | ||||||||||||||||||||
total stockholders’ equity | 2,282,071,000 | 2,362,142,000 | 2,394,391,000 | 1,967,102,000 | 1,969,783,000 | 2,017,212,000 | 2,037,143,000 | 2,059,906,000 | |||||||||||||
other current assets | 33,910,000 | 34,423,000 | 24,379,000 | 30,552,000 | 22,839,000 | 22,396,000 | 19,968,000 | ||||||||||||||
operating lease right‑of‑use assets | 101,486,000 | 98,393,000 | 104,762,000 | 110,656,000 | 116,409,000 | 103,609,000 | 108,878,000 | ||||||||||||||
accrued expenses and other current liabilities | 121,976,000 | 144,873,000 | 133,656,000 | 128,142,000 | 91,932,000 | 106,306,000 | 86,954,000 | ||||||||||||||
income and other taxes payable | 54,740,000 | 64,759,000 | 81,334,000 | 49,336,000 | 54,231,000 | 64,116,000 | 41,587,000 | ||||||||||||||
operating lease liabilities | 26,464,000 | 23,729,000 | 25,405,000 | 25,783,000 | 25,437,000 | 25,375,000 | 24,363,000 | ||||||||||||||
long-term operating lease liabilities | 94,340,000 | 92,539,000 | 96,967,000 | 104,574,000 | 109,996,000 | 98,532,000 | 101,875,000 | ||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of december 31, 2021; 100,000 shares authorized, issued, and outstanding as of december 31, 2020 | |||||||||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of september 30, 2021; 100,000 shares authorized, no shares issued and outstanding as of december 31, 2020 | |||||||||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of june 30, 2021; 100,000 shares authorized, no shares issued and outstanding as of december 31, 2020 | |||||||||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of march 31, 2021; 100,000 shares authorized, no shares issued and outstanding as of december 31, 2020 | |||||||||||||||||||||
convertible preferred stock, 0.000005 par value; no shares authorized, issued, and outstanding as of december 31, 2020; 102,674 shares authorized, and 95,899 shares issued and outstanding as of december 31, 2019 | |||||||||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of december 31, 2020; no shares authorized, issued, and outstanding as of december 31, 2019 | |||||||||||||||||||||
cash | 1,759,415,000 | ||||||||||||||||||||
convertible preferred stock, 0.000005 par value; no shares authorized, issued, and outstanding as of september 30, 2020; 102,674 shares authorized, and 95,899 shares issued and outstanding as of december 31, 2019 | |||||||||||||||||||||
preferred stock, 0.000005 par value; 100,000 shares authorized, and no shares issued and outstanding as of september 30, 2020; no shares authorized, issued, and outstanding as of december 31, 2019 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||
net loss | -126,828,000 | -107,365,000 | -77,907,000 | -122,523,000 | -124,548,000 | -125,738,000 | -291,478,000 | -253,985,000 | -125,310,000 | -193,324,000 | -253,703,000 | -287,754,000 | -250,021,000 | -204,158,000 | -177,555,000 | -161,653,000 | -115,152,000 | -148,342,000 | -107,460,000 | -83,502,000 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||
depreciation and amortization | 135,893,000 | 96,928,000 | 96,217,000 | 103,161,000 | 102,600,000 | 101,409,000 | 101,810,000 | 232,254,000 | 111,023,000 | 111,079,000 | 109,560,000 | 83,978,000 | 43,490,000 | 42,636,000 | 41,472,000 | 25,345,000 | 15,120,000 | 12,270,000 | 11,832,000 | 11,690,000 |
stock-based compensation expense | 91,968,000 | 101,604,000 | 98,790,000 | 110,356,000 | 104,617,000 | 115,399,000 | 265,877,000 | 180,953,000 | 147,181,000 | 157,534,000 | 163,028,000 | 173,917,000 | 154,479,000 | 118,474,000 | 103,195,000 | 97,875,000 | 97,317,000 | 74,913,000 | 64,424,000 | 51,094,000 |
gain on repayment of convertible note | 0 | 0 | -42,744,000 | 0 | 0 | 0 | -61,371,000 | |||||||||||||
impairment of property and equipment | 862,000 | 579,000 | 3,470,000 | -83,000 | 956,000 | |||||||||||||||
other | 3,452,000 | -7,754,000 | -218,000 | 8,574,000 | -648,000 | -1,133,000 | 16,516,000 | 13,056,000 | 10,036,000 | 1,142,000 | 379,000 | 12,032,000 | 3,496,000 | 2,630,000 | 3,260,000 | 2,839,000 | 3,324,000 | 6,239,000 | 1,441,000 | |
changes in assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||
accounts receivable | -3,773,000 | -43,083,000 | 21,022,000 | 1,896,000 | -2,603,000 | 47,806,000 | -9,740,000 | -6,555,000 | 26,713,000 | -19,380,000 | 21,013,000 | -30,806,000 | 3,385,000 | 10,341,000 | 7,532,000 | -38,815,000 | 41,213,000 | -42,488,000 | -25,061,000 | -48,576,000 |
prepaid expenses and other | -3,684,000 | 24,373,000 | -10,602,000 | 746,000 | 7,866,000 | -3,036,000 | -16,779,000 | -2,040,000 | -495,000 | 15,260,000 | 7,589,000 | -13,220,000 | -474,000 | |||||||
other assets | 18,669,000 | 1,866,000 | 10,023,000 | -7,113,000 | 6,753,000 | 13,000 | -2,399,000 | 11,514,000 | 9,222,000 | 13,142,000 | 11,169,000 | 14,198,000 | 12,565,000 | 15,575,000 | -2,242,000 | -92,000 | 2,283,000 | 2,750,000 | -11,569,000 | -1,724,000 |
accounts payable | 7,998,000 | -4,297,000 | 2,198,000 | 652,000 | 550,000 | -5,733,000 | 5,273,000 | -6,881,000 | 3,637,000 | -10,519,000 | 7,450,000 | -18,548,000 | 1,556,000 | -620,000 | 38,000 | 2,205,000 | 1,091,000 | -7,577,000 | 6,303,000 | 1,632,000 |
accrued expenses and other | 17,901,000 | 7,417,000 | -21,029,000 | 8,696,000 | 24,934,000 | -36,032,000 | -4,269,000 | 2,952,000 | 9,706,000 | -26,422,000 | -7,305,000 | 5,602,000 | 9,825,000 | |||||||
publisher payables | 24,471,000 | 33,590,000 | -55,155,000 | 11,731,000 | -5,701,000 | -22,418,000 | 25,558,000 | -23,147,000 | -37,690,000 | 28,084,000 | -27,756,000 | 14,749,000 | -24,985,000 | -16,226,000 | -23,780,000 | 38,951,000 | -22,682,000 | 35,052,000 | 4,047,000 | 31,126,000 |
other long-term liabilities | -18,795,000 | -1,942,000 | -10,919,000 | -1,181,000 | -12,146,000 | -11,052,000 | -23,584,000 | 12,017,000 | -21,460,000 | -19,500,000 | -18,302,000 | -2,284,000 | -11,843,000 | -16,150,000 | 487,000 | -3,091,000 | -340,000 | -160,000 | 309,000 | -4,449,000 |
deferred revenue | 7,264,000 | 31,180,000 | -120,000 | -2,720,000 | 19,728,000 | 6,973,000 | -12,787,000 | -88,035,000 | -12,510,000 | -9,453,000 | -18,221,000 | -925,000 | -10,273,000 | -11,400,000 | 189,414,000 | 5,978,000 | 1,539,000 | 4,035,000 | 4,201,000 | 19,814,000 |
net cash from operating activities | 155,398,000 | 133,096,000 | 13,026,000 | 112,192,000 | 122,358,000 | 88,376,000 | -7,373,000 | 72,103,000 | 120,053,000 | 47,643,000 | -5,099,000 | -49,061,000 | -68,800,000 | -42,870,000 | 101,300,000 | -39,509,000 | 43,623,000 | -26,681,000 | -88,882,000 | 14,765,000 |
capital expenditures | -4,107,000 | -6,446,000 | -5,718,000 | -6,442,000 | -7,151,000 | -8,766,000 | -7,190,000 | -11,361,000 | -16,092,000 | -14,118,000 | -14,350,000 | -14,794,000 | -11,987,000 | -15,428,000 | -14,929,000 | -13,979,000 | -9,408,000 | -6,807,000 | -11,744,000 | -11,200,000 |
free cash flows | 151,291,000 | 126,650,000 | 7,308,000 | 105,750,000 | 115,207,000 | 79,610,000 | -14,563,000 | 60,742,000 | 103,961,000 | 33,525,000 | -19,449,000 | -63,855,000 | -80,787,000 | -58,298,000 | 86,371,000 | -53,488,000 | 34,215,000 | -33,488,000 | -100,626,000 | 3,565,000 |
investing activities | ||||||||||||||||||||
purchases of non-marketable investments | 0 | 0 | -2,000,000 | 0 | 0 | |||||||||||||||
purchases of intangible assets | 0 | -12,500,000 | ||||||||||||||||||
purchases of property and equipment | -4,107,000 | -6,446,000 | -5,718,000 | -6,442,000 | -7,151,000 | -8,766,000 | -7,190,000 | -11,361,000 | -16,092,000 | -14,118,000 | -14,350,000 | -14,794,000 | -11,987,000 | -15,428,000 | -14,929,000 | -13,979,000 | -9,408,000 | -6,807,000 | -11,744,000 | -11,200,000 |
net cash from investing activities | -4,107,000 | -8,446,000 | -5,718,000 | -6,442,000 | -19,651,000 | -9,126,000 | -7,190,000 | -11,361,000 | -18,092,000 | -14,618,000 | 88,111,000 | 581,664,000 | 131,130,000 | 45,894,000 | -35,460,000 | -1,328,397,000 | -305,198,000 | -114,139,000 | -89,626,000 | -510,516,000 |
financing activities | ||||||||||||||||||||
proceeds from issuance of convertible notes | 0 | 0 | 690,000,000 | |||||||||||||||||
purchase of capped calls | 0 | 0 | -44,436,000 | |||||||||||||||||
payment of debt issuance costs | 0 | 0 | -13,236,000 | 0 | ||||||||||||||||
repayments of convertible note | 0 | 0 | -641,691,000 | 0 | 0 | 0 | -414,999,000 | |||||||||||||
proceeds from issuance of common stock from employee equity plans | 54,082,000 | 9,783,000 | 21,611,000 | 19,390,000 | 20,000,000 | 11,304,000 | 25,998,000 | 10,991,000 | 23,050,000 | 19,973,000 | 21,971,000 | 7,009,000 | 18,766,000 | 7,502,000 | 30,216,000 | |||||
net cash from financing activities | 54,082,000 | 9,783,000 | 12,248,000 | 19,390,000 | 20,000,000 | 11,304,000 | -389,001,000 | 10,991,000 | -226,950,000 | 19,973,000 | 21,971,000 | -283,118,000 | 18,766,000 | 7,502,000 | 30,216,000 | 1,667,852,000 | 15,091,000 | 15,435,000 | 22,624,000 | 7,382,000 |
effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 2,208,000 | 15,440,000 | 4,197,000 | -13,227,000 | 11,464,000 | -3,258,000 | -6,202,000 | 11,510,000 | -8,871,000 | -11,936,000 | 3,151,000 | 6,111,000 | -4,144,000 | -78,000 | 37,000 | 401,000 | -31,000 | 80,000 | 9,000 | |
increase in cash, cash equivalents, and restricted cash | 207,581,000 | 149,873,000 | 23,753,000 | 111,913,000 | 134,171,000 | 87,296,000 | -409,766,000 | 83,243,000 | -133,860,000 | 41,062,000 | 108,134,000 | 255,596,000 | 76,952,000 | 10,448,000 | 96,093,000 | 300,347,000 | -246,515,000 | -125,305,000 | -155,875,000 | |
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 1,527,881,000 | 0 | 0 | 0 | 1,604,267,000 | |||||||||||||
cash, cash equivalents, and restricted cash, end of period | 207,581,000 | 149,873,000 | 1,551,634,000 | 111,913,000 | 134,171,000 | 87,296,000 | 1,194,501,000 | 83,243,000 | -133,860,000 | 41,062,000 | 1,613,822,000 | 255,596,000 | 76,952,000 | 10,448,000 | 1,162,692,000 | 300,347,000 | -246,515,000 | -125,305,000 | 1,138,072,000 | |
supplemental disclosure of cash flow information: | ||||||||||||||||||||
cash paid for interest | 0 | 0 | 0 | 0 | 0 | 26,000 | 84,000 | 86,000 | ||||||||||||
cash paid for income taxes, net of refunds | 3,034,000 | 5,266,000 | 11,041,000 | 10,123,000 | 1,995,000 | 3,751,000 | 3,388,000 | 15,927,000 | -1,238,000 | 1,050,000 | 7,036,000 | -1,197,000 | 2,260,000 | |||||||
cash paid for operating leases | 12,100,000 | 10,482,000 | 10,433,000 | 12,369,000 | 13,118,000 | 13,540,000 | 11,439,000 | 10,025,000 | 10,181,000 | 9,432,000 | 6,378,000 | |||||||||
supplemental disclosures of non‑cash investing and financing activities: | ||||||||||||||||||||
assets acquired under operating lease | 1,581,000 | 5,384,000 | 22,000 | 727,000 | 4,586,000 | 9,273,000 | 186,000 | 12,765,000 | 24,528,000 | 9,124,000 | 2,892,000 | |||||||||
cash paid for (refunded from) income taxes | -1,343,000 | -1,736,000 | ||||||||||||||||||
purchases of short-term investments | 0 | 0 | 0 | -212,000 | ||||||||||||||||
proceeds from sales of short-term investments | ||||||||||||||||||||
proceeds from principal repayments and maturities of short-term investments | 0 | 0 | 0 | 102,673,000 | ||||||||||||||||
sales of non-marketable investments | 0 | 0 | ||||||||||||||||||
business acquisitions, net of cash acquired | -23,637,000 | -1,154,883,000 | -355,768,000 | -44,613,000 | -24,817,000 | -17,507,000 | ||||||||||||||
capital contribution from noncontrolling interest holders | ||||||||||||||||||||
repurchase and retirement of common stock | 0 | |||||||||||||||||||
cash and restricted cash, beginning of period | 0 | 0 | 1,505,688,000 | 0 | 0 | 0 | 1,066,599,000 | 0 | 0 | 0 | 1,293,947,000 | 0 | ||||||||
fair value of common stock issued as consideration for business and asset acquisitions | ||||||||||||||||||||
common stock charitable donation expense | 0 | |||||||||||||||||||
acquisition of intangible assets | 0 | |||||||||||||||||||
proceeds from revolving loan facility | ||||||||||||||||||||
payment of principal related to revolving loan facility | ||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts, commissions, and offering costs | -2,563,000 | |||||||||||||||||||
proceeds from issuance of convertible preferred stock, net of issuance costs | 0 | |||||||||||||||||||
proceeds from issuance of common stock | 0 | |||||||||||||||||||
unity software inc. | ||||||||||||||||||||
consolidated statements of cash flows | ||||||||||||||||||||
purchases of marketable securities | 0 | |||||||||||||||||||
proceeds from principal repayments on marketable securities | 28,200,000 | 7,501,000 | 23,182,000 | 3,719,000 | 3,229,000 | 9,607,000 | 2,017,000 | |||||||||||||
maturities of marketable securities | 115,110,000 | 122,965,000 | 77,701,000 | 60,585,000 | 61,800,000 | 90,000,000 | 78,000,000 | |||||||||||||
business acquisitions, net of cash acquired, and other | -193,000 | |||||||||||||||||||
accrued property and equipment | 1,507,000 | 1,191,000 | 2,395,000 | 2,385,000 | 2,358,000 | 1,629,000 | ||||||||||||||
stock-based compensation expense in connection with modified awards for certain employees | 232,000 | 6,000 | 0 | 10,487,000 | 2,137,000 | |||||||||||||||
prepaid expenses | -9,624,000 | -7,794,000 | 3,769,000 | 7,082,000 | -9,888,000 | -5,958,000 | ||||||||||||||
other current assets | 508,000 | -9,399,000 | 6,188,000 | -7,641,000 | -2,318,000 | -2,902,000 | ||||||||||||||
operating lease right-of-use ("rou") assets | 6,337,000 | 5,913,000 | 5,931,000 | 5,988,000 | 5,907,000 | |||||||||||||||
deferred tax | -629,000 | 13,879,000 | -23,773,000 | -1,315,000 | -1,824,000 | -1,922,000 | ||||||||||||||
accrued expenses and other current liabilities | -22,439,000 | 10,608,000 | 4,019,000 | 33,711,000 | -13,767,000 | 21,935,000 | ||||||||||||||
income and other taxes payable | -10,012,000 | -16,617,000 | 31,798,000 | -6,373,000 | -10,104,000 | 21,763,000 | ||||||||||||||
operating lease liabilities | -4,894,000 | -5,647,000 | -8,022,000 | -5,312,000 | -7,492,000 | -2,724,000 | ||||||||||||||
purchase of marketable securities | -82,777,000 | -223,839,000 | -5,051,000 | -161,726,000 | -129,082,000 | |||||||||||||||
purchase of non-marketable investments | -15,000,000 | 0 | 0 | -600,000 | -4,000,000 | |||||||||||||||
repurchase and extinguishment of convertible preferred stock | ||||||||||||||||||||
purchase and retirement of treasury stock | 0 | |||||||||||||||||||
proceeds from exercise of stock options | 13,554,000 | 15,091,000 | 15,435,000 | 22,624,000 | 9,945,000 | |||||||||||||||
proceeds from exercise of stock options in connection with nonrecourse promissory note | 0 | |||||||||||||||||||
fair value of common stock issued as consideration for business acquisitions | 0 | |||||||||||||||||||
fair value of common stock issued as consideration for acquisition of intangible assets | 0 | |||||||||||||||||||
condensed consolidated statements of cash flows | ||||||||||||||||||||
stock option exercises in transit | ||||||||||||||||||||
accrued offering costs | ||||||||||||||||||||
accrued intangible assets acquisition | ||||||||||||||||||||
operating lease right-of-use assets | 5,665,000 | |||||||||||||||||||
amortization of debt issuance costs | ||||||||||||||||||||
loss on disposition of property and equipment | ||||||||||||||||||||
impairment of assets | ||||||||||||||||||||
proceeds from revolving credit facility | ||||||||||||||||||||
payment of principal related to revolving credit facility | ||||||||||||||||||||
effect of foreign exchange rate changes on cash and restricted cash | ||||||||||||||||||||
increase in cash and restricted cash | ||||||||||||||||||||
cash and restricted cash, end of period |