Unity Software FY2025 Q4 Press Release

Exhibit 99.1
Unity Reports Fourth Quarter and Fiscal Year 2025 Financial Results
SAN FRANCISCO, February 11, 2026 — Unity (NYSE: U), the world_s leading game engine, today
announced financial results for the fourth quarter and fiscal year ended December31, 2025 .
cFourth quarter results once again comfortably exceeded the high-end of our guidance, led by
cWith Vector demonstrating rapid growth and Unity 6 adoption at the fastest rate we_ve ever
Unity will hold a public webcast at 8:30 a.m. ET today to discuss the results for its fourth
2025 . The live public webcast can be accessed on Unity_s Investor Relations website at
Fourth Quarter 2025 Results:
N Revenue was
Create Solutions revenue was
Grow Solutions revenue was $338 million , compared to
GAAP net loss was $89 million , with a .
N GAAP basic and diluted net loss per share was $0.21 .
N Adjusted EBITDA was .
Adjusted earnings per share was
N Net cash
N Free cash flow was $119 million .
~ddd
Revenue was 10P year-over-year.
Create Solutions revenue was 8P year-over-year. The increase was driven by strong
growth in subscription revenue.
Grow Solutions revenue was $338 million , 11P year-over-year. The change was driven by mid-teen
sequential quarterly revenue growth from Unity Vector, which represented 56P of total Grow Solutions
2026 Unity Technologies U N I T Y . C O M E 1

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UNITY SOFTWARE INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of
December 31, 2025 December 31, 2024
Current assets:
Cash and cash equivalents $ 2,055,840 $ 1,517,672
Accounts receivable, net 643,611 573,884
Prepaid expenses and other 113,012 133,795
Total current assets 2,812,463 2,225,351
Property and equipment, net 68,289 98,819
Goodwill 3,166,304 3,166,304
Intangible assets, net 650,544 1,066,235
Other assets 140,006 180,698
Total assets $ 6,837,606 $ 6,737,407
Liabilities and stockholders’ equity
Accounts payable $ 13,981 $ 13,948
Accrued expenses and other 299,541 294,951
Publisher payables 431,494 394,284
Deferred revenue 224,405 186,304
Current portion of convertible notes 556,451 L
Total current liabilities 1,525,872 889,487
Convertible notes 1,678,899 2,238,922
Long-term deferred revenue 14,038 16,846
Other long-term liabilities 122,660 165,004
Total liabilities 3,341,469 3,310,259
Commitments and contingencies
Redeemable noncontrolling interests 252,637 230,627
Stockholders’ equity:
Common stock, par value:
Authoried shares – and 1,000,000
Issued and outstanding shares – 432,860 and 409,393 2 2
Additional paid-in capital
(2,156) (9,425)
Accumulated deficit (4,138,709) (3,735,944)
Total Unity Software Inc. stockholders’ equity 3,237,432 3,190,671
Noncontrolling interest 6,068 5,850
Total stockholders’ equity 3,243,500 3,196,521
Total liabilities and stockholders’ equity $ 6,837,606 $ 6,737,407
2026 Unity Technologies U N I T Y . C O M E 3

UNITY SOFTWARE INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2024
$ 503,089 $ 457,099 $ 1,849,648 $ 1,813,255
Cost of revenue 129,239 115,537 477,739 480,853
Gross profit 373,850 341,562 1,371,909 1,332,402
Operating expenses
Research and development 249,727 217,970 929,516 924,830
Sales and marketing 163,512 175,747 652,907 752,649
General and administrative 67,121 71,499 268,539 410,072
Total operating expenses 480,360 465,216 1,850,962 2,087,551
Loss from operations (106,510) (123,654) (479,053) (755,149)
Interest expense (6,043) (5,839) (24,007) (23,542)
Interest income and other income (expense), net 15,466 9,108 107,862 111,558
Loss before income taxes (97,087) (120,385) (395,198) (667,133)
Provision for (benefit from) Income taxes (7,694) 2,138 6,295 (2,846)
Net loss (89,393) (122,523) (401,493) (664,287)
Net income (loss) attributable to noncontrolling interest and redeemable
570 204 1,272 (173)
Net loss attributable to Unity Software Inc. (89,963) (122,727) (402,765) (664,114)
Basic and diluted net loss per share attributable to Unity Software Inc. $ (0.21) $ (0.30) $ (0.96) $ (1.68)
Weighted-average shares used in computation of basic and diluted net loss
per share 429,833 405,172 420,914 395,951
Net loss (89,393) (122,523) (401,493) (664,287)
Change in foreign currency translation adjustment 3,954 (8,102) 9,201 (5,544)
Comprehensive loss $ (85,439) $ (130,625) $ (392,292) $ (669,831)
Net income (loss) attributable to noncontrolling interest and redeemable
570 204 1,272 (173)
Foreign currency translation attributable to noncontrolling interest and
redeemable noncontrolling interests 832 (1,664) 1,932 (1,128)
Comprehensive loss attributable to noncontrolling interest and redeemable
1,402 (1,460) 3,204 (1,301)
Comprehensive loss attributable to Unity Software Inc. $ (86,841) $ (129,165) $ (395,496) $ (668,530)
2026 Unity Technologies U N I T Y . C O M E 4

2025 2024 2024
Net loss $ (89,393) $ (122,523) $ (401,493) $ (664,287)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortiation
92,852 110,356 385,214 596,249
Gain on repayment of convertible note L L (42,744) (61,371)
Impairment of property and equipment 971 (83) 5,882 22,791
Other 837 8,574 (3,683) 23,309
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable, net (43,244) 1,896 (69,078) 37,359
Prepaid expenses and other 13,984 746 24,071 (11,203)
Other assets 3,261 (7,113) 33,819 (2,746)
Accounts payable (6,444) 652 (545) 742
Accrued expenses and other 72 8,696 4,361 (6,671)
Publisher payables 34,304 11,731 37,210 9,170
Other long-term liabilities (13,169) (1,181) (44,825) (47,963)
Deferred revenue (4,502) (2,720) 33,822 11,194
Net cash provided by operating activities 121,435 112,192 422,955 315,553
Investing activities
Purchases of non-marketable investments L L (2,000) L
Purchases of intangible assets (3,000) L (3,000) (12,860)
Purchases of property and equipment (2,753) (6,442) (19,024) (29,549)
Net cash used in investing activities (5,753) (6,442) (24,024) (42,409)
Financing activities
Proceeds from issuance of convertible notes L L 690,000 L
Purchase of capped calls L L (44,436) L
Payment of debt issuance costs L L (13,236) L
Repayments of convertible note L L (641,691) (414,999)
Proceeds from issuance of common stock upon exercise of stock options
33,978 19,390 119,454 76,692
Net cash provided by (used in) financing activities 33,978 19,390 110,091 (338,307)
Effect of foreign exchange rate changes on cash, cash equivalents, and
1,909,088 1,415,968 1,527,881 1,604,267
Cash, cash equivalents, and restricted cash, end of period $ 2,064,301 $ 1,527,881 $ 2,064,301 $ 1,527,881 UNITY SOFTWARE INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended Year Ended
December 31, December 31,
2026 Unity Technologies U N I T Y . C O M E 5

About Non-GAAP Financial Measures
To supplement our consolidated financial statements prepared and presented in accordance with
generally accepted accounting principles in the United States (GAAP) we use certain non-GAAP
financial measures, as described below, to evaluate our ongoing operations and for internal planning
However, non-GAAP financial measures have limitations in their usefulness to investors because they
have no standardied meaning prescribed by GAAP and are not prepared under any comprehensive set
of accounting rules or principles. In addition, other companies, including companies in our industry, may
We define adjusted EBITDA as GAAP net income or loss excluding benefits or expenses associated with
stock-based compensation, amortiation of acquired intangible assets, depreciation, restructurings and
. We define adjusted EBITDA margin as adjusted EBITDA as a
. We define adjusted gross margin as adjusted gross profit as a
We define adjusted cost of revenue as GAAP cost of revenue, excluding expenses associated with
stock-based compensation, amortiation of acquired intangible assets, depreciation, and restructurings
. We define adjusted research and development expense as research and
. We define adjusted
. We define adjusted general and administrative expense as general
. We define free cash flow as
less cash used for purchases of property and equipment.
We define adjusted EPS as net income or loss excluding benefits or expenses associated with stock-
based compensation, amortiation of acquired intangible assets, depreciation, restructurings and
,
U N I T Y . C O M E 6

Adjusted EBITDA reconciliation
$ 503,089 $ 457,099 $ 1,849,648 $ 1,813,255
GAAP net loss $ (89,393) $ (122,523) $ (401,493) $ (664,287)
Add:
Stock-based compensation expense $ 91,847 $ 110,203 $ 380,159 $ 469,128
Amortiation of intangible assets expense $ 121,478 $ 88,465 $ 418,691 $ 353,371
Depreciation expense $ 10,428 $ 14,696 $ 42,253 $ 55,609
Restructuring and reorganiation costs $ 7,651 $ 16,398 $ 46,781 $ 266,855
Interest expense $ 6,043 $ 5,839 $ 24,007 $ 23,542
Interest income and other income (expense), net $ (15,466) $ (9,108) $ (107,862) $ (111,558)
Provision for (benefit from) income taxes $ (7,694) $ 2,138 $ 6,295 $ (2,846)
Adjusted EBITDA $ 124,894 $ 106,108 $ 408,831 $ 389,814
GAAP net loss margin (18) P (27) P (22) P (37) P
Adjusted EBITDA margin 23 P 22 P 21 P
Adjusted gross profit reconciliation
$ 373,850 $ 341,562 $ 1,371,909 $ 1,332,402
Add:
Stock-based compensation expense 11,019 9,685 39,103 43,566
Amortiation of intangible assets expense 27,409 27,293 108,399 108,580
Depreciation expense 1,727 2,372 6,941 9,613
Restructuring and reorganiation costs 1,001 117 1,787 15,154
Adjusted gross profit $ 415,006 $ 381,029 $ 1,528,139 $ 1,509,315
GAAP gross margin 74P 75P 74P 73P
Adjusted gross margin
GAAP cost of revenue $ 129,239 $ 115,537 $ 477,739 $ 480,853
Stock-based compensation expense (11,019) (9,685) (39,103) (43,566)
Amortiation of intangible assets expense (27,409) (27,293) (108,399) (108,580)
Depreciation expense (1,727) (2,372) (6,941) (9,613)
Restructuring and reorganiation costs (1,001) (117) (1,787) (15,154)
Adjusted cost of revenue $ 88,083 $ 76,070 $ 321,509 $ 303,940
GAAP cost of revenue as a percentage of revenue 26P 25P 26P 27P
Adjusted cost of revenue as a percentage of revenue 18P 17P 17P 17P UNITY SOFTWARE, INC.
Non-GAAP Reconciliation
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2024
U N I T Y . C O M E 7

Research and development
GAAP research and development expense $ 249,727 $ 217,970 $ 929,516 $ 924,830
Stock-based compensation expense (40,965) (58,077) (188,264) (240,556)
Amortiation of intangible assets expense (52,548) (17,737) (138,714) (69,345)
Depreciation expense (5,095) (7,025) (20,867) (26,686)
Restructuring and reorganiation costs (7,322) (1,892) (21,752) (54,460)
Adjusted research and development expense $ 143,797 $ 133,239 $ 559,919 $ 533,783
GAAP research and development expense as a percentage of revenue 50P 48P 50P 51P
Adjusted research and development expense as a percentage of revenue 28P 29P 30P 29P
Sales and marketing
GAAP sales and marketing expense $ 163,512 $ 175,747 $ 652,907 $ 752,649
Stock-based compensation expense (14,576) (20,898) (67,996) (95,171)
Amortiation of intangible assets expense (41,521) (43,435) (171,578) (175,446)
Depreciation expense (2,173) (3,199) (8,667) (11,567)
Restructuring and reorganiation costs (1,478) (5,135) (10,992) (56,888)
Adjusted sales and marketing expense $ 103,764 $ 103,080 $ 393,674 $ 413,577
GAAP sales and marketing expense as a percentage of revenue 32P 38P 35P 42P
Adjusted sales and marketing expense as a percentage of revenue 21P 23P 22P 23P
General and administrative
GAAP general and administrative expense $ 67,121 $ 71,499 $ 268,539 $ 410,072
Stock-based compensation expense (25,287) (21,543) (84,796) (89,835)
Depreciation expense (1,433) (2,100) (5,778) (7,743)
Restructuring and reorganiation costs 2,150 (9,254) (12,250) (140,353)
Adjusted general and administrative expense $ 42,551 $ 38,602 $ 165,715 $ 172,141
GAAP general and administrative expense as a percentage of revenue 13P 16P 15P 23P
Adjusted general and administrative expense as a percentage of revenue 8P 8P 9P 10P UNITY SOFTWARE, INC.
Non-GAAP Reconciliation
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2024
U N I T Y . C O M E 8

Adjusted EPS reconciliation
$ (89,393) $ (122,523) $ (401,493) $ (664,287)
Stock-based compensation expense 91,847 110,203 380,159 469,128
Amortiation of intangible assets expense 121,478 88,465 418,691 353,371
Depreciation expense 10,428 14,696 42,253 55,609
Restructuring and reorganiation costs 7,651 16,398 46,781 266,855
Income tax impact of adjusting items (30,055) (22,688) (94,907) (111,073)
Adjusted net income used for calculation of adjusted EPS, before impact of
$ 111,956 $ 84,551 $ 391,484 $ 369,603
Increase from forgone financing costs on dilutive convertible notes, net of
tax
$ 116,670 $ 89,067 $ 410,213 $ 387,829
Weighted-average common shares used in GAAP diluted net loss per share
attributable to Unity Software Inc. 429,833 405,172 420,914 395,951
Convertible notes 41,349 24,486 38,672 24,766
Stock options and PVOs 5,788 8,912 6,136 11,197
Unvested RSUs, PVUs, and PSUs 12,987 5,901 8,945 4,820
ESPP 8 258 138 214
Non-GAAP weighted-average common shares used in adjusted EPS
(0.21) (0.30) (0.96) (1.68)
Total impact on diluted net loss per share attributable to Unity Software
Inc. from non-GAAP adjustments 0.47 0.51 1.89 2.61
Total impact on diluted net loss per share attributable to Unity Software
Inc. from antidilutive common stock now included (0.02) (0.01) (0.07) (0.04)
Adjusted EPS
$ 121,435 $ 112,192 $ 422,955 $ 315,553
Less:
Purchases of property and equipment (2,753) (6,442) (19,024) (29,549)
Free cash flow 118,682 105,750 403,931 286,004
Net cash used in investing activities (5,753) (6,442) (24,024) (42,409)
Net cash provided by (used in) financing activities 33,978 19,390 110,091 (338,307) UNITY SOFTWARE, INC.
Non-GAAP Reconciliation
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2024
U N I T Y . C O M E 9

Cautionary Statement Regarding
This press release and the earnings call referencing this press release contain cforward-looking statements,d as
that term is defined under federal securities laws, including statements regarding Unity_s outlook and future
U N I T Y . C O M E 10

Contacts:
dcuE~duc
Alex Giaimo, Head of Investor Relations
alex.giaimo:unity3d.com
#dR~duc
2026 Unity Technologies U N I T Y . C O M E 11