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U Unity Software

Unity Software, Inc. is the world's leading platform for creating and operating real-time 3D (RT3D) content. Creators, ranging from game developers to artists, architects, automotive designers, filmmakers, and others, use Unity to make their imaginations come to life. Unity's platform provides a comprehensive set of 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's 1,800+ person research and development team keeps Unity at the forefront of development by working alongside partners to ensure optimized support for the latest releases and platforms. Apps developed by Unity creators were downloaded more than five billion times per month in 2020.

Company profile

Ticker
U
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Artomatix Limited • Chili Connect Limited • Codice Software, S.L. • DeltaDNA Inc • DeltaDNA Limited • Digital Monarch Media LTD. • Finger Food Studios Inc. • Finger Food Studios US Inc. • Gamesanalytics Ltd • Graphine NV ...
IRS number
270334803

U stock data

(
)

Calendar

10 Nov 21
2 Dec 21
31 Dec 21
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 766.25M 766.25M 766.25M 766.25M 766.25M 766.25M
Cash burn (monthly) 82.17M 84.63M 42.27M 39.28M (positive/no burn) 6.03M
Cash used (since last report) 172.33M 177.49M 88.65M 82.37M n/a 12.64M
Cash remaining 593.92M 588.76M 677.6M 683.88M n/a 753.61M
Runway (months of cash) 7.2 7.0 16.0 17.4 n/a 125.0

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 173.6511 1,945 337.75K 9,509,946
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 172.9119 10,558 1.83M 9,511,891
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 171.7621 12,237 2.1M 9,522,449
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 170.8594 8,995 1.54M 9,534,686
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 169.8716 7,317 1.24M 9,543,681
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 168.865 5,971 1.01M 9,550,998
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 167.788 2,352 394.64K 9,556,969
30 Nov 21 David Helgason Common Stock Sell Dispose S Yes No 166.4834 625 104.05K 9,559,321
29 Nov 21 Clive Downie Common Stock Sell Dispose S No No 178.6 100 17.86K 214,446
29 Nov 21 Clive Downie Common Stock Sell Dispose S No No 177.78 1,100 195.56K 214,546

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 460 395 +16.5%
Opened positions 105 119 -11.8%
Closed positions 40 63 -36.5%
Increased positions 166 158 +5.1%
Reduced positions 109 62 +75.8%
13F shares
Current Prev Q Change
Total value 29.16B 25.2B +15.7%
Total shares 232.45M 240.18M -3.2%
Total puts 6.89M 9.38M -26.6%
Total calls 10.15M 11.16M -9.0%
Total put/call ratio 0.7 0.8 -19.3%
Largest owners
Shares Value Change
Silver Lake Group, L.L.C. 40.78M $5.15B 0.0%
2020 ApS OTEE 29.51M $2.02B 0.0%
SC Us (TTGP) 25.96M $3.28B 0.0%
SC Xii Management 18.14M $2.29B 0.0%
MS Morgan Stanley 14.46M $1.83B +55.4%
Vanguard 13.55M $1.71B +34.2%
ARK Investment Management 11.91M $1.5B +0.8%
BLK Blackrock 7.47M $943.69M +45.9%
CMTDF Sumitomo Mitsui Trust 6.64M $838.74M +29.2%
Nikko Asset Management Americas 6.5M $822.18M +30.2%
Largest transactions
Shares Bought/sold Change
Resolute Advisors 4.03M -28.94M -87.8%
MS Morgan Stanley 14.46M +5.16M +55.4%
D1 Capital Partners 0 -3.97M EXIT
Vanguard 13.55M +3.46M +34.2%
BLK Blackrock 7.47M +2.35M +45.9%
JPM JPMorgan Chase & Co. 2.28M +2.25M +7288.6%
JHG Janus Henderson 2.23M +1.98M +801.6%
Canada Pension Plan Investment Board 5K -1.8M -99.7%
Nikko Asset Management Americas 6.5M +1.51M +30.2%
CMTDF Sumitomo Mitsui Trust 6.64M +1.5M +29.2%

Financial report summary

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Competition
Tencent
Risks
  • We have a history of losses and may not achieve or sustain profitability in the future.
  • We have a limited history operating our business at its current scale, and as a result, our past results may not be indicative of future operating performance.
  • Our core value of putting our users first may cause us to forgo short-term gains and may not lead to the long-term benefits we expect.
  • Our business and operations have experienced recent rapid growth, which may not be indicative of our future growth. Our rapid growth also makes it difficult to evaluate our future prospects.
  • Our business depends on our ability to retain our existing customers and expand their use of our platform.
  • If we are unable to attract new customers, our business, financial condition and results of operations will be adversely affected.
  • We derive a significant portion of our revenue from our Operate Solutions. If we fail to attract and retain Operate Solutions customers, our business and results of operations would be adversely affected.
  • Operating system platform providers or application stores may change terms of service, policies or technical requirements to require us or our customers to change data collection and privacy practices, business models, operations, practices, advertising activities or application content, which could adversely impact our business.
  • If we are unable to further expand into new industries, or if our solutions for any new industry fail to achieve market acceptance, our growth and operating results could be adversely affected, and we may be required to reconsider our growth strategy.
  • Our business relies on strategic relationships with hardware, operating system, device, game console and other technology providers. If we are unable to maintain favorable terms and conditions and business relations with respect to our strategic relationships, our business could be harmed.
  • The markets in which we participate are competitive, and if we do not compete effectively, our business, financial condition, and results of operations could be harmed.
  • We may not be able to successfully manage our growth, and if we are not able to grow efficiently, our business, financial condition, and results of operations could be harmed.
  • We are dependent on the success of our customers in the gaming market. Adverse events relating to our customers or their games could have a negative impact on our business.
  • We expect fluctuations in our financial results, making it difficult to project future results, and if we fail to meet the expectations of securities analysts or investors with respect to our results of operations, our stock price, and the value of your investment could decline.
  • Seasonality may cause fluctuations in our sales and results of operations.
  • Downturns or upturns in our sales may not be immediately reflected in our financial position and results of operations.
  • Third parties with whom we do business may be unable to honor their obligations to us or their actions may put us at risk.
  • We use resellers and other third parties to sell, market, and deploy our solutions to a variety of customers, and our failure to effectively develop, manage, and maintain our indirect sales channels would harm our business.
  • Our direct sales force targets larger customers, and sales to these customers involve risks that may not be present or that are present to a lesser extent with respect to sales to smaller customers.
  • Our business is subject to risks generally associated with the gaming industry.
  • We provide service-level agreement commitments related to certain of our Create and Operate Solutions. If we fail to meet these contractual commitments, we could be obligated to provide refunds of prepaid amounts or other credits, which would lower our revenue and harm our business, financial condition and results of operations.
  • Indemnity provisions in various agreements to which we are a party potentially expose us to substantial liability for infringement, misappropriation or other violation of intellectual property rights, data protection and other losses.
  • If we fail to offer high-quality support, our ability to retain and attract customers could suffer.
  • Acquisitions, strategic investments, partnerships, and alliances could be difficult to identify, pose integration challenges, divert the attention of management, disrupt our business, dilute stockholder value, and adversely affect our business, financial condition and results of operations.
  • The proposed acquisition of certain of Weta Digital's assets may cause a disruption in our business.
  • Failure to complete the Weta Digital Acquisition in a timely manner or at all could negatively impact the market price of our common stock, as well as our future business and our financial condition, results of operations and cash flows.
  • Our estimates of market opportunity and forecasts of market growth included in this quarterly report on Form 10-Q may prove to be inaccurate, and even if the market in which we compete achieves the forecasted growth, our business could fail to grow at a similar rate, if at all.
  • Our business could be disrupted by catastrophic events.
  • Health epidemics, including the current COVID-19 pandemic, have had, and could in the future have, an adverse impact on our business, operations, and the markets and communities in which we, our partners and customers operate.
  • Our current operations are and will continue to be global in scope, creating a variety of operational challenges.
  • If we experience excessive fraudulent activity or cannot meet evolving credit card association merchant standards, we could incur substantial costs and lose the right to accept credit cards for payment, which could cause our customer base to decline significantly.
  • We are exposed to collection and credit risks, which could impact our operating results.
  • Fluctuations in currency exchange rates could harm our operating results and financial condition.
  • Our global operations may subject us to potential adverse tax consequences.
  • Changes in our effective tax rate or tax liability may have an adverse effect on our results of operations.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • We may require additional capital to support the growth of our business, and this capital might not be available on acceptable terms, if at all.
  • If we do not make our platform, including new versions or technology advancements, easier to use or properly train customers on how to use our platform, our ability to broaden the appeal of our platform and solutions and to increase our revenue could suffer.
  • Interruptions, performance problems, or defects associated with our platform may adversely affect our business, financial condition, and results of operations.
  • If we or our third party service providers experience a security breach or unauthorized parties otherwise obtain access to our customers’ data, our data, or our platform, our platform may be perceived as not secure, our reputation may be harmed, our business operations may be disrupted, demand for our products may be reduced, and we may incur significant liabilities.
  • If we fail to timely release updates and new features to our platform and adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, or changing customer needs, requirements, or preferences, our platform may become less competitive.
  • Our business depends on the interoperability of our solutions across third-party platforms, operating systems, and applications, and on our ability to ensure our platform and solutions operate effectively on those platforms. If we are not able to integrate our solutions with third party platforms in a timely manner, our business may be harmed.
  • We rely upon third-party data centers and providers of cloud-based infrastructure to host our platform. Any disruption in the operations of these third-party providers, limitations on capacity or interference with our use could adversely affect our business, financial condition, and results of operations.
  • If the market for our platform does not continue to grow or develops more slowly or differently than we expect or we are unable to gain market acceptance for our new products, our business may be harmed.
  • Any failure to obtain, maintain, protect or enforce our intellectual property and proprietary rights could impair our ability to protect our proprietary technology and our brand.
  • Our ability to acquire and maintain licenses to intellectual property may affect our revenue and profitability. These licenses may become more expensive and increase our costs.
  • We are and may in the future become subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
  • We use open source software in our products, which could negatively affect our ability to sell our services or subject us to litigation or other actions.
  • We rely on the performance of highly skilled personnel, including our management and other key employees, and the loss of one or more of such personnel, or of a significant number of our employees, or the inability to attract and retain executives and employees we need to support our operations and growth, could harm our business.
  • If we fail to maintain and enhance our brand, our ability to expand our customer base will be impaired and our business, financial condition, and results of operations may suffer.
  • Our culture emphasizes innovation, and if we cannot maintain this culture as we grow, our business could be harmed.
  • We are subject to rapidly changing and increasingly stringent laws, contractual obligations, and industry standards relating to privacy, data security, and the protection of children. The restrictions and costs imposed by these requirements, or our actual or perceived failure to comply with them, could harm our business.
  • Companies and governmental agencies may restrict access to platforms, our website, mobile applications, application stores or the Internet generally, which could lead to the loss or slower growth of our customers’ end users and negatively impact our operations.
  • Adverse changes in the geopolitical relationship between the United States and China or changes in China's economic and regulatory landscape could have an adverse effect on business conditions.
  • We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and non-compliance with such laws can subject us to criminal or civil liability and harm our business, financial condition and results of operations.
  • We are subject to governmental export and import controls and economic sanctions laws that could impair our ability to compete in global markets or subject us to liability if we violate the controls.
  • We could be required to collect additional sales, value added or similar taxes or be subject to other tax liabilities that may increase the costs our clients would have to pay for our solutions and adversely affect our results of operations.
  • Our ability to use our net operating losses and certain other tax attributes to offset future taxable income or taxes may be subject to certain limitations.
  • Any legal proceedings, claims against us, or other disputes could be costly and time-consuming to defend and could harm our reputation regardless of the outcome.
  • We are subject to laws and regulations worldwide, many of which are unsettled and still developing and which could increase our costs or adversely affect our business.
  • Our stock price may be volatile, and the value of our common stock may decline.
  • Future sales of our common stock in the public market could cause the market price of our common stock to decline.
  • If securities or industry analysts do not publish research or publish unfavorable or inaccurate research about our business, the market price and trading volume of our common stock could decline.
  • Concentration of ownership of our common stock among our existing executive officers, directors, and principal stockholders may prevent new investors from influencing significant corporate decisions.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans or otherwise will dilute all other stockholders.
  • We do not intend to pay dividends for the foreseeable future and, as a result, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • We are an “emerging growth company,” and we cannot be certain if the reduced reporting and disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • We incur increased costs as a result of operating as a public company, and our management will be required to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
  • As a result of being a public company, we are obligated to develop and maintain proper and effective internal controls over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware and the federal district courts of the United States of America as the exclusive forums for certain disputes between us and our stockholders, which restricts our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers, or employees.
Management Discussion
  • We derive revenue from Create Solutions, Operate Solutions, and Strategic Partnerships and Other.
  • We generate Create Solutions revenue primarily through the sale of subscription fee arrangements for the use of our products and related support services.
  • We offer subscription plans at various price points and recognize revenue over a service period that generally ranges from one to three years. We typically bill our customers on a monthly, quarterly or annual basis, depending on the size of the contract. As a result of billing our customers in advance, we record deferred revenue, and a portion of the revenue we report in each period is attributable to the recognition of deferred revenue related to subscription and support agreements that we entered into during previous periods.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
New words: ahead, alleviate, artistry, assumption, bidding, calendar, capturing, consummated, de, desktop, Extortion, extra, facto, great, installation, martial, Mediation, Metacast, multiplayer, necessitating, Parsec, PIPL, Portugal, regime, restore, submission, today, turnover, UFC, UGS, uncovered, Universal, unregistered, unwilling, URP, video, waived, warning, waterfall, Weta
Removed: cancel, exact, postpone