Unity Software
U on NYSE. Unity Software sells software tools for building games and interactive content to developers. Market value $20.1bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $2.04 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 52 of 100. Price score: 11 of 100. Our list needs 70 on quality and 60 on price.
$44.95 a share, 168% above its 1-year low
Over the past year the price has ranged from $16.78 to $52.15.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.1bn | $1.4bn | $2.2bn | $1.8bn | $1.8bn |
| Operating margin | |||||
| Operating margin | -47.9% | -63.4% | -38.1% | -41.6% | -25.9% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.30bn | 0.38bn | 0.40bn | 0.43bn | 0.44bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 19.1% a year
- Buying back its own sharesNo, 46% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $546 million last quarter, up 24% on a year ago.
- A loss of $24 million, compared with a loss of $109 million a year ago.
- It loses 30 cents on each $1 of sales, compared with 28 cents a year earlier.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $447m |
| December 2024 | $457m |
| March 2025 | $435m |
| June 2025 | $441m |
| September 2025 | $471m |
| December 2025 | $503m |
| March 2026 | $508m |
| June 2026 | $546m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$125m |
| December 2024 | -$123m |
| March 2025 | -$78m |
| June 2025 | -$109m |
| September 2025 | -$126m |
| December 2025 | -$90m |
| March 2026 | -$348m |
| June 2026 | -$24m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 563 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gotham Asset ManagementJoel Greenblatt | $12m | <0.1% | Added |
Largest holders overall
- Silver Lake Group, L.L.C.$993m
- SC US (ttgp)$910m
- BlackRock$668mAdded
- Vanguard Portfolio Management$585mAdded
- Vanguard Capital Management$492mAdded
- Slate Path Capital LP$459mAdded
- Atreides Management, LP$293mCut
- D. E. Shaw$260mAdded
- UBS Group AG$236mAdded
- AQR Capital Management$207mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- SC US (TTGP), LTD. ("SC US (TTGP)")Passive investorat least 7.6%(filed with 3 related holders)Since 31 December 2025
- BlackRock, Inc.Passive investorSold down below 5%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
SC US (TTGP), LTD. ("SC US (TTGP)") Passive investor | at least 7.6% (filed with 3 related holders) | 31 December 2025 | |
BlackRock, Inc. Passive investor | Sold down below 5% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 9 sold $86m, $59m of it under preset trading plans.
- Blum AlexanderSVP, Chief Operating OfficerSoldunder a preset trading plan
- Date
- 28 August 2026
- Shares
- 43,556
- Price
- $43.51
- Value
- $2m
- Blum AlexanderSVP, Chief Operating OfficerSoldunder a preset trading plan
- Date
- 27 August 2026
- Shares
- 1,964
- Price
- $44.81
- Value
- $88,007
- Blum AlexanderSVP, Chief Operating OfficerSoldunder a preset trading plan
- Date
- 25 August 2026
- Shares
- 20,595
- Price
- $45.31
- Value
- $933,088
- Boyden Rebecca BereniceSVP, Chief Legal OfficerSold
- Date
- 25 August 2026
- Shares
- 1,032
- Price
- $45.32
- Value
- $46,769
- Yahes JarrodSVP, Chief Financial OfficerSold
- Date
- 25 August 2026
- Shares
- 26,017
- Price
- $45.31
- Value
- $1m
- Bromberg Matthew SPresident and CEO, DirectorSold
- Date
- 25 August 2026
- Shares
- 16,383
- Price
- $45.31
- Value
- $742,278
- Blum AlexanderSVP, Chief Operating OfficerSold
- Date
- 28 May 2026
- Shares
- 2,099
- Price
- $27.37
- Value
- $57,450
- Boyden Rebecca BereniceSVP, Chief Legal OfficerSold
- Date
- 26 May 2026
- Shares
- 952
- Price
- $27.20
- Value
- $25,894
- Blum AlexanderSVP, Chief Operating OfficerSold
- Date
- 26 May 2026
- Shares
- 19,009
- Price
- $27.18
- Value
- $516,665
- Barrysmith MarkChief Accounting OfficerSold
- Date
- 26 May 2026
- Shares
- 13,247
- Price
- $27.18
- Value
- $360,053
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 August 2026 | Blum Alexander SVP, Chief Operating Officer | Sold under a preset trading plan | 43,556 | $43.51 | $2m |
| 27 August 2026 | Blum Alexander SVP, Chief Operating Officer | Sold under a preset trading plan | 1,964 | $44.81 | $88,007 |
| 25 August 2026 | Blum Alexander SVP, Chief Operating Officer | Sold under a preset trading plan | 20,595 | $45.31 | $933,088 |
| 25 August 2026 | Boyden Rebecca Berenice SVP, Chief Legal Officer | Sold | 1,032 | $45.32 | $46,769 |
| 25 August 2026 | Yahes Jarrod SVP, Chief Financial Officer | Sold | 26,017 | $45.31 | $1m |
| 25 August 2026 | Bromberg Matthew S President and CEO, Director | Sold | 16,383 | $45.31 | $742,278 |
| 28 May 2026 | Blum Alexander SVP, Chief Operating Officer | Sold | 2,099 | $27.37 | $57,450 |
| 26 May 2026 | Boyden Rebecca Berenice SVP, Chief Legal Officer | Sold | 952 | $27.20 | $25,894 |
| 26 May 2026 | Blum Alexander SVP, Chief Operating Officer | Sold | 19,009 | $27.18 | $516,665 |
| 26 May 2026 | Barrysmith Mark Chief Accounting Officer | Sold | 13,247 | $27.18 | $360,053 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.