Unity (U): analysis in plain words
Is Unity cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Unity (U) is listed on the NYSE and we classify it in software and cloud. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Unity according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Unity (U) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $42.46 | Last price on November 4, 2026 |
| P/E ratio (TTM) | N/A | Price over earnings per share |
| Revenue growth | +23.9% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | -29.0% | Profit for every 100 of sales |
| Net debt / EBITDA | Net cash (more cash than debt) | Years of operating profit to repay debt |
| Dividend yield | 0.00% | Annual dividend over price |
| Market cap | $18.7 billion | What the stock market values it at |
The Unity figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any U figure that is not available shows as N/A: we do not estimate it.
How Unity makes money
Unity Software reports two segments: Grow Solutions, the larger, which helps mobile game makers acquire players and earn money from ads through tools like ironSource and Vector; and Create Solutions, which charges subscriptions for the Unity engine used to build video games and real-time interactive apps.
Over the last 12 months, Unity brought in revenue of $2.0 billion. For every 100 it sells, Unity keeps 76.1 after the direct cost of what it sells (gross margin) and -5.2 after all operating costs (operating margin). With 4,412 full-time employees, that is about $460,000 of revenue per employee.
Unity against its sector
To know whether a Unity figure is high or low you have to put it next to similar companies. This table compares Unity with the median of the 19 software and cloud companies Fintols covers, with data as of November 4, 2026.
| Figure | Unity | software and cloud median |
|---|---|---|
| Revenue growth | +23.9% | +20.5% (25) |
| Net margin | -29.0% | 16.0% (25) |
| Dividend yield | 0.00% | 0.00% (25) |
| Net debt / EBITDA | -0.2x | 0.1x (23) |
In short, against the typical software and cloud company, Unity grows faster, earns a thinner margin and carries less debt. By size, Unity ranks number 21 of 22 software and cloud companies quoted in USD on Fintols.
The bull case for Unity
These are the strengths in the Unity figures as of November 4, 2026:
- Unity is selling more than a year ago: +23.9% in its latest quarter (the typical software and cloud company grew +20.5%).
- Unity holds more cash than debt (net cash), so it does not depend on lenders to keep investing and is better placed to ride out a bad year.
The main risk for Unity
Unity is losing money: its net margin over the last 12 months is -29.0%, so it spends more than it brings in. Until it turns a profit it relies on its cash or on raising money.
On top of that: unity stock moves much more than the market: its beta is 2.11, so in a broad sell-off it tends to fall further than the index.
And, like the rest of software and cloud, Unity is exposed to a competitor or AI making what it sells cheaper and forcing price cuts.
Frequently asked questions about Unity
Is it a good time to buy Unity stock?
Fintols does not tell you whether to buy or sell Unity, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Unity stock trades at $42.46, 19% below its 52-week high ($52.15) and 153% above its low ($16.78). With Unity, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Unity pay a dividend?
No. As of November 4, 2026, Unity does not pay a dividend: what it earns stays in the company to grow, invest or, where it does so, buy back shares. Anyone buying Unity today is counting on the share price rising, not on income.
Is Unity stock expensive?
Unity has no meaningful P/E as of November 4, 2026 because its last 12 months of earnings are negative or close to zero, so that yardstick cannot tell you whether it is expensive. Including its debt, Unity is valued at 123.5x its EBITDA (EV/EBITDA). A high P/E alone does not make Unity expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Unity's competitors?
On Fintols we compare Unity with The Trade Desk, Amadeus and Wolters Kluwer, which are also in software and cloud. As of November 4, 2026, The Trade Desk is worth $6.3 billion and trades on a P/E of 15.9; Amadeus is worth €25.0 billion and trades on a P/E of 19.7; Wolters Kluwer is worth €20.3 billion and trades on a P/E of 15.6. Each has a side-by-side comparison with Unity below.
Unity competitors
- The Trade Desk (TTD) analysis · Unity vs The Trade Desk comparison
- Amadeus (AMS) analysis · Unity vs Amadeus comparison
- Wolters Kluwer (WKL.AS) analysis · Unity vs Wolters Kluwer comparison
To understand Unity better
- Economic Moats Explained: From Warren Buffett to AI
- 7 Common Beginner Investing Mistakes (and How to Avoid Them)
More companies like Unity: software and cloud stocks. Open the full U analysis with its valuation and scenarios. Educational content about Unity, not investment advice.