Screener / SEC EDGAR /CIK 0001511737 /10-K filed Aug 21, 2026, compared with Aug 22, 2025 /Numbers from the XBRL of the 10-Ks
NYSE Technology · Communications Equipment

Ubiquiti Inc. UI

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New in the 10-K 9 paragraphs with nothing like them in the 10-K filed Aug 22, 2025 New in the 10-Q 19 paragraphs not in the 10-Q filed May 8, 2026 10-Q against the 10-K 13 risk factor paragraphs and sentences added or reworded

New risk paragraphs, branching off last year

Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Aug 22, 2025. A box jumps to the paragraph as filed, below.

9 new

Paragraphs with nothing like them in last year's 10-K

Quoted exactly

9 paragraphs in Risk Factors of the 10-K filed Aug 21, 2026 with nothing like them in the 10-K filed Aug 22, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

•our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and services;

Read in the 10-K

•changes in laws and regulations relating to privacy, data security, data access, cybersecurity and data protection;

Read in the 10-K

example, we currently rely upon some chipset suppliers, such as Qualcomm and Broadcom, as single-source suppliers of certain components for some of our products, and a disruption in the supply of those components would significantly disrupt our business.

Read in the 10-K

be incorrect, our financial performance could suffer and we could be required to write-off the value of excess products or components inventory, increase the vendor deposit levels, or not fully utilize firm purchase commitments.

Read in the 10-K

Our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software.

We believe that the success of our business depends, in part, on our ability to integrate with third party data, software and other functionalities into our products and services, and we anticipate that the growth of our business will continue to depend on these third-party relationships, including with payment processors, telecommunication providers, cloud storage providers, technology licensors, cybersecurity providers, monitoring centers, and other technology partners. Integrating third-party content, data and technology requires significant time and resources, and, in certain circumstances, third-party providers could alter the terms of their agreement or terminate their relationships with us, compete directly against us, partner with our competitors or make material changes to their businesses, solutions or services that could harm our business. We may also be adversely affected by features, changes or alterations to for the underlying technologies developed by third parties, or we may fail to maintain our relationship with certain third parties which could hinder our ability to integrate with, or transfer data from, their offerings into our platform. Third parties also may refuse to partner with us or choose to limit or restrict our access to their offerings. If we cannot continue integrating existing, or fail to integrate new, third-party offerings and technologies into our platform and solutions, then we may lose existing customers to competitors or be unable to successfully compete for new business opportunities. In addition, if we lose access to certain solutions or capabilities from a particular partner or experience a significant reduction or disruption in the supply of such solutions or capabilities, then our business and operating results could be adversely impacted.

Read in the 10-K
Show the other 3

IEEPA. The ultimate availability, timing, and amount of any potential refunds of such tariffs remain highly uncertain and are subject to further legal, regulatory, and administrative developments. Following the Supreme Court's decision, the U.S. presidential administration announced its intention to invoke other laws to collect tariffs and announced certain new tariffs in addition to existing non-IEEPA tariffs. There remains substantial uncertainty regarding the duration of existing and newly announced tariffs, potential changes or pauses to such tariffs.

Read in the 10-K

patent applications. Any failure of our patents or other intellectual property rights to adequately protect our technology might make it easier for our competitors to offer similar products or technologies.

Read in the 10-K

negatively impact our ability to sell our products to existing customers or the ability of our current and potential distributors, network operators and service providers outside the United States.

Read in the 10-K

Paragraphs in the 10-Q filed Nov 6, 2026 that were not in the one before

New in the latest 10-Q

19 paragraphs in the 10-Q filed Nov 6, 2026 with nothing like them in the 10-Q filed May 8, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

Financial statements and notes

The following tables summarize the Company’s financial instruments’ amortized cost, gross unrealized gains and losses, and fair value by significant investment category (in thousands):

Read in the 10-Q

During the three months ended September 30, 2026, interest income on the Company's investment securities was $ 2.2 million.

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The Company did not have any material continuous unrealized loss position from marketable securities as of September 30, 2026 and June 30, 2026.

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The following table represents the adjusted costs and fair value of cash equivalents and investments by contractual maturity as of September 30, 2026 (in thousands):

Read in the 10-Q

Available-For-Sale/ Cash Equivalents Amortized Cost Fair Value Due within 1 year $ 109,368 $109,127 Due after 1 year through 5 years 190,512 189,669 Total $ 299,880 $298,796

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Show the other 14

All of the Company's available-for-sale securities are available to the Company for use in current operations. As a result, the Company classified all of its securities as current assets even if the stated maturity of some individual securities may be one year or more beyond the balance sheet date. These investments are recorded in the Consolidated Balance Sheets at fair value using quoted prices in active markets for similar securities and unrealized gains and losses on these investments are included as a separate component of accumulated other comprehensive income (loss) (AOCI), net of tax.

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For certain of the Company’s financial instruments, other than those presented in the disclosures above, including cash, accounts receivable, accounts payable and other current liabilities, the carrying amounts approximate fair value due to their short maturities.

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Facility includes an option to request increases in the amounts of such credit facility by up to an additional $ 500 million in the aggregate.

Read in the 10-Q

On July 30, 2026, Velocity Communication Technologies, LLC ("Velocity") filed a patent infringement lawsuit against the Company in the District of Delaware, alleging infringement of certain U.S. patents related to Wi-Fi 6 (802.11ax) technology, including U.S. Patent Nos. 8,675,570; 8,260,213; 8,238,832; 8,270,343; 8,213,870; 8,644,765; 9,083,401; 10,200,096; 9,444,577; 8,265,573; and 9,596,648. Velocity seeks compensatory and enhanced damages, as well as attorneys' fees and costs.

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Date of Publicly Announced Program Amount of Publicly Announced Program (in millions) Total number of shares purchased Average Price Paid per share (a) Total Aggregate Amount Paid (b) (in millions) Period of Purchases Estimated Remaining Balance Available for Share Repurchases Expiration date of program

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(b) The total aggregate amount paid excludes $ 0.15 million of accrued excise tax imposed on the net value of the stock repurchases which has been disclosed under long term liabilities on our Balance sheet.

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Market risk

Our available-for-sale investments are primarily invested in U.S. government bonds, high grade corporate bonds, asset backed securities and money market funds, and we do not enter into investments for trading or speculative purposes. The principal objectives of our investment activities are to preserve principal, provide liquidity and maximize income consistently with minimizing risk of material loss. We are exposed to market risk related to changes in interest rates where a decline in interest rates would reduce our interest income and conversely, an increase in interest rates would have an adverse impact on the fair value of our investment portfolio. The effect of a hypothetical 100 basis points increase or decrease in overall interest rate would not materially change the total fair value of the portfolio due to the conservative and short-term nature of these investments. As of September 30, 2026, the Company held $298.8 million in total investments, which consists of money market funds and various fixed income marketable securities as available-for-sale investments.

Read in the 10-Q

Risk Factors

• our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and services;

Read in the 10-Q

• changes in laws and regulations relating to privacy, data security, data access, cybersecurity and data protection;

Read in the 10-Q

Additionally, from time to time, unexpected events, such as health crises or pandemics, have had, and may have in the future, adverse effects on the ability of our contract manufacturers to fulfill their obligations to us due to, among other things, work stoppages or

Read in the 10-Q

outbreak and the impact on the U.S. and the global economy. An outbreak of public health problems, or the perception that such an outbreak could occur, and the measures taken by the government of countries affected, could adversely affect our business, results of operations, liquidity and financial condition.

Read in the 10-Q

Our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and software.

Read in the 10-Q

We believe that the success of our business depends, in part, on our ability to integrate with third party data, software and other functionalities into our products and services, and we anticipate that the growth of our business will continue to depend on these third-party relationships, including with payment processors, telecommunication providers, cloud storage providers, technology licensors, cybersecurity providers, monitoring centers, and other technology partners. Integrating third-party content, data and technology requires significant time and resources, and, in certain circumstances, third-party providers could alter the terms of their agreement or terminate their relationships with us, compete directly against us, partner with our competitors or make material changes to their businesses, solutions or services that could harm our business. We may also be adversely affected by features, changes or alterations to the underlying technologies developed by third parties, or we may fail to maintain our relationship with certain third parties which could hinder our ability to integrate with, or transfer data from, their offerings into our platform. Third parties also may refuse to partner with us or choose to limit or restrict our access to their offerings. If we cannot continue integrating existing, or fail to integrate new, third-party offerings and technologies into our platform and solutions, then we may lose existing customers to competitors or be unable to successfully compete for new business opportunities. In addition, if we lose access to certain solutions or capabilities from a particular partner or experience a significant reduction or disruption in the supply of such solutions or capabilities, then our business and operating results could be adversely impacted.

Read in the 10-Q

administration announced its intention to invoke other laws to collect tariffs and announced certain new tariffs in addition to existing non-IEEPA tariffs. There remains substantial uncertainty regarding the duration of existing and newly announced tariffs, potential changes or pauses to such tariffs.

Read in the 10-Q

The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed Nov 6, 2026 against Item 1A of the 10-K filed Aug 21, 2026. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (cut words struck through, new words highlighted). Text on the page, not a score; each links to the filing at sec.gov.

Added10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
outbreak and the impact on the U.S. and the global economy. An outbreak of public health problems, or the perception that such an outbreak could occur, and the measures taken by the government of countries affected, could adversely affect our business, results of operations, liquidity and financial condition.

Read it in the 10-Q at sec.gov

Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
Additionally, from time to time, unexpected events, such as health crises or pandemics, have had, and may have in the future, adverse effects on the ability of our contract manufacturers to fulfill their obligations to us due to, among other things, work stoppages or slowdowns due to facility closures or other social distancing mitigation efforts, and the inability of our contract manufacturers to procure adequate supplies of the components to manufacture our products.

Read it in the 10-Q at sec.govThe 10-K sentence

Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
Any change in export or import regulations or related legislation, shift in approach to the enforcement or scope of existing regulations, or change in the countries, persons or technologies targeted by such regulations, could negatively impact our ability to sell our products to existing customers or the ability of our current and potential distributors, network operators and service providers outside the United States.

Read it in the 10-Q at sec.govThe 10-K sentence

Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
Shortages in the supply of components or other supply disruptions, including, without limitation, due to increasing demand for electronics and reductions in supply as a result of unforeseen events such as health crises or pandemics, tariffs and other trade barriers, economic sanctions, geopolitical conditions (including China-Taiwan relations) or commercial disputes with the suppliers, may not be predicted in time to design-in different components or qualify other suppliers.

Read it in the 10-Q at sec.govThe 10-K sentence

Show the other 8
Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
Such developments may include the geographic spread of the public health problems, the severity of the public health problems, the duration of the outbreak and the type and duration of actions that may be taken by various governmental authorities in response to the outbreak and the impact on the U.S. and the global economy.

Read it in the 10-Q at sec.govThe 10-K sentence

Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
For additional information regarding the impact of privacy regulations applicable to our business, see “—Risks “ - Risks Related to Regulatory, Legal and Tax Matters — - Our failure to comply with U.S. and foreign laws related to privacy, data security, cybersecurity and data protection, such as the General Data Protection Regulations Regulation and China Cybersecurity Law, could adversely affect our financial condition, results of operations, and our brand.”

Read it in the 10-Q at sec.govThe 10-K sentence

Reworded10-Q Nov 6, 2026 vs 10-K Aug 21, 2026
The GDPR includes operational requirements for companies that receive or process personal data of residents of the European Union that are different than those previously in place in the European Union, and that include significant penalties for non-compliance.

Read it in the 10-Q at sec.govThe 10-K sentence

Phrases used for the first time

Two-word phrases in Risk Factors of the 10-K filed Aug 21, 2026 that are in none of the 1 earlier 10-Ks stored, back to Aug 22, 2025

security data ×5data access ×5access cybersecurity ×5commercial customers ×3growth depends ×2strategic relationships ×2third-party applications ×2systems failures ×2alarm monitoring ×2parties whose ×2whose systems ×2sustainability matters ×2sustainability-related initiatives ×2potential refunds ×2outstanding common ×2
Where each one is used
  • security data: •changes in laws and regulations relating to privacy, data security, data access, cybersecurity and data protection;
  • data access: •changes in laws and regulations relating to privacy, data security, data access, cybersecurity and data protection;
  • access cybersecurity: •changes in laws and regulations relating to privacy, data security, data access, cybersecurity and data protection;
  • commercial customers: We and certain of our vendors and third parties whose systems are interconnected with ours have experienced cyber-attacks in the past, and we, our vendors, suppliers, distributors and other commercial partners may experience cyber-attacks in the future. As a result, unauthorized parties have obtained, and may in...
  • growth depends: •our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and services;
  • strategic relationships: •our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and services;
  • third-party applications: •our growth depends in part on the success of our strategic relationships with third parties and our ability to integrate with third-party applications and services;
  • systems failures: •indemnification claims against us for intellectual property infringement, defective products, systems failures and security vulnerabilities;

The 10-K at sec.gov

Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.

What was taken out

8 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.

Across all companies
These requirements necessitate due diligence efforts to assess whether such minerals are used in our products in order to make the relevant required annual disclosures. There are, and will be, ongoing costs associated with complying with these disclosure requirements, including diligence to determine the sources of those minerals that may be used or necessary to the production of our products. Accordingly, our ability to determine with certainty the origin and chain of custody of these raw materials is limited. We may face reputational challenges that could impact future sales if we...
In the 10-K filed Aug 22, 2025
Additionally, our sales to end customers through our webstores have increased, which may expose us to liabilities associated with the online collection of customer data, including credit card information, and the costs we may incur to mitigate such risks. Our sales to end customers through our webstores require the transmission of confidential information, including credit card information, securely over public networks. Third parties may have the technology or knowledge to breach the security of customer transaction data.
In the 10-K filed Aug 22, 2025
Pursuant to Section 1502 of the Dodd-Frank Act, United States publicly-traded companies are required to disclose use or potential use of certain minerals and their derivatives, including tantalum, tin, gold and tungsten, that are mined from the Democratic Republic of Congo and adjoining countries and deemed conflict minerals.
In the 10-K filed Aug 22, 2025
Changes in tax laws and regulations and interpretations of such laws and regulations, including taxation of earnings outside of the U.S., may materially and adversely affect our business, results of operations and financial condition.
In the 10-K filed Aug 22, 2025

Sources

Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.

Also

10-K change: what was reworded or cut, section by section.

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