0001193125-26-059371
SEC filingUniversal Display Corporation reported strong financial performance for fiscal year 2025, with total revenue of $650.6 million and net income of $242.1 million. The company achieved a gross margin of $496.5 million (76.3% gross margin) and operating income of $248.6 million (38.2% operating margin). Key drivers included material sales and royalty/license fees, though specific segment breakdowns were not provided in the available data. The company maintained a robust balance sheet with total assets of $1.96 billion and shareholders' equity of $1.76 billion, while generating $210.8 million in operating cash flow. Universal Display returned capital to shareholders through $85.5 million in dividend payments and $32.9 million in share repurchases. The company's liquidity position remained strong with $138.4 million in cash and cash equivalents and $464.0 million in short-term investments. Year-over-year comparisons are not available in the provided data.
Universal Display Corporation delivered solid financial results for fiscal year 2025, reporting total revenue of $650.6 million and net income of $242.1 million. The company achieved a gross margin of $496.5 million, representing a 76.3% gross margin rate. Operating income reached $248.6 million, reflecting a 38.2% operating margin. Basic earnings per share were $5.00 based on 47.5 million weighted average shares outstanding. The company maintained strong profitability metrics throughout the fiscal year, with cost of sales at $154.1 million and total operating expenses of $247.9 million. Interest and other income contributed $46.2 million to pre-tax income, while income tax expense was $52.7 million.
Revenue analysis is limited as the provided data does not include segment breakdowns or detailed revenue composition. The total revenue figure of $650.6 million represents the company's consolidated performance across all business activities. No geographic mix, product segment details, or specific growth drivers are disclosed in the available financial data. The absence of segment information prevents analysis of revenue diversification or identification of specific business units contributing to overall performance.
The company demonstrated strong margin performance with a gross margin of 76.3%, calculated from $496.5 million gross profit on $650.6 million revenue. Operating margin was 38.2%, derived from $248.6 million operating income. Cost structure analysis shows cost of sales at $154.1 million (23.7% of revenue) and operating expenses totaling $247.9 million (38.1% of revenue). Within operating expenses, research and development accounted for $146.1 million (22.5% of revenue), selling, general and administrative expenses were $74.3 million (11.4% of revenue), and amortization of acquired technology and other intangible assets was $18.2 million (2.8% of revenue).
Operating activities generated $210.8 million in cash flow, primarily driven by net income of $242.1 million adjusted for non-cash items including $28.4 million depreciation, $18.2 million amortization, and $28.2 million stock-based compensation. Free cash flow, calculated as operating cash flow ($210.8M) minus capital expenditures ($56.5M for property and equipment plus $10.0M for intangibles), was $165.3 million. The balance sheet shows total assets of $1.96 billion, including $138.4 million cash and cash equivalents, $464.0 million short-term investments, and $240.9 million inventory. Total liabilities were $202.7 million, resulting in shareholders' equity of $1.76 billion and a debt-to-equity ratio of 11.5%.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. No forward-looking statements, revenue projections, or operational targets are disclosed in the available information. The absence of outlook information prevents analysis of the company's future expectations, growth initiatives, or identified challenges for the coming fiscal periods.