Start here if you're new
what it is
It makes remote controls, sensors, thermostat controllers, and smart-home software that other brands put in your home.
how it gets paid
FY2025 GAAP net sales were $368.3M vs. $394.9M in FY2024 (BusinessWire / Nasdaq Q4 FY2025 release).
why growth slowed
Revenue fell ~6.7% YoY; GAAP net loss narrowed to $(1.41)/sh diluted in FY2025 from $(1.85) in FY2024.
what just happened
Q4 2025: $87.7M net sales; diluted GAAP EPS $(0.08). FY2025 diluted GAAP EPS $(1.41) vs. $(1.85) FY2024.
At a glance
C+ balance sheet — struggling to keep the lights on
15/100 earnings predictability — expect surprises
trailing P/E not meaningful (loss-making on a GAAP view)
0.6% return on capital — nothing to write home about
$(1.41) FY2025 GAAP EPS · $0.31 adj. non-GAAP EPS (company outlook line)
xvary composite: 30/100 — weak
What they do
It makes remote controls, sensors, thermostat controllers, and smart-home software that other brands put in your home.
UEIC wins by being the invisible layer inside other brands' products. It builds remotes, sensors, thermostat controls, and embedded software, then ships and supports them at scale with 3,838 employees. If your TV provider or appliance brand already uses UEIC's tech, switching is painful because the hardware, software, and support stack move together.
How they make money
$368M
annual revenue · revenue declined -6.7% last year
total revenue
$368M
-6.7%
The products that matter
hardware control devices
Universal Remotes
core product line · tied to a $368M revenue base
This is still the center of gravity for a company that generated ~$368M in FY2025 net sales. Management is already guiding for another revenue decline in FY2026.
legacy core
cloud control software
QuickSet Platform
European ramp expected through 2026
This is the replacement narrative. Volumes with European customers are expected to ramp through 2026, but the snapshot gives you no segment revenue yet. That means it matters more as a thesis than as a proven earnings driver.
watch the ramp
Key numbers
0.6%
return on capital
Return on capital → profit earned on the money tied up in the business → 0.6% says UEIC is not turning its assets into attractive returns.
2.7%
operating margin
Operating margin → what is left after paying to run the business → UEIC keeps $2.70 for every $100 of sales.
$368M
ttm revenue
The business is real and sizable for a $56M market cap, but scale without profit is just expensive movement.
$(1.41)
FY2025 GAAP EPS
Diluted GAAP loss per share improved vs. $(1.85) in FY2024—adjusted non-GAAP EPS was $0.31 for FY2025 per the same release outlook table.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 4 — safer than 20% of stocks
- price stability 15 / 100
- long-term debt $7M (11% of capital)
C+ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for UEIC right now.
source: institutional data · return history unavailable
What just happened
GAAP loss, adjusted profit
Q4 & FY2025: $87.7M Q4 net sales · FY2025 GAAP diluted EPS $(1.41) · adj. non-GAAP $0.31/sh (company)
FY2025 gross margin ~29% on $368.3M sales ($106.5M gross profit). Q4 2025 diluted GAAP EPS was $(0.08) on $87.7M sales. Management’s FY2026 outlook calls for another revenue decline but higher adjusted non-GAAP EPS ($0.45–$0.65 range in the release).
$368.3M
FY2025 net sales
$(0.08)
Q4 GAAP EPS
~29%
FY2025 gross margin
the tension
UEI is still GAAP-loss-making at $(1.41)/sh FY2025 while arguing the business is on a non-GAAP path ($0.31/sh FY2025; $0.45–$0.65 guided FY2026)—read reconciliations in the Q4 FY2025 materials.
source: Universal Electronics Q4/FY2025 release (BusinessWire / Nasdaq, Mar 12, 2026) · SEC filings
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the top risk is the remote-control business shrinking faster than QuickSet can replace it.
med
2026 revenue decline is already in guidance
Management has already told you revenue should fall in 2026. That means the top line problem is not theoretical. It is current.
If sales slip from the 2025 base of $368M while costs stop improving, the $0.45–$0.65 EPS target gets much harder to believe.
med
The core category is mature
Dedicated remotes face the same problem they have faced for years: phones, voice interfaces, and bundled device ecosystems keep taking share of user attention.
This is why a profitable quarter does not automatically become a durable growth story.
med
Margin progress can reverse fast
FY2025 gross margin is near 29%, but GAAP operating margin is still negative (~−1.7% for the year). That gap matters—one pricing mistake or volume miss can wipe out a lot of earnings.
If gross margin cannot stay near 30%, FY2026 starts to look like another grind, not a clean reset.
med
QuickSet is still more promise than proof
European customer volumes are expected to ramp through 2026, but this snapshot gives you no segment revenue for QuickSet yet. That is thin evidence by definition.
If the platform ramp disappoints, UEIC is left leaning on the same legacy revenue base that already declined 6.7%.
A miss on ~30% gross margin or the FY2026 adjusted $0.45–$0.65 EPS outlook would tell you the turnaround is still fragile.
source: institutional data · regulatory filings · risk analysis
Pay attention to
margin
Can ~29% FY2025 gross margin hold near 30%
This is the main operating lever. Management wants 30% or better, and the 2025 recovery was built on getting close to that line.
revenue
How bad is the 2026 decline
A guided decline does not tell you the size of the damage. The next few quarters need to show whether the contraction is mild or whether the core business is eroding faster than expected.
platform
QuickSet European ramp through 2026
Management says volumes should ramp through 2026. If you do not start hearing about that ramp in reported results, the replacement narrative gets thinner.
cash
Whether $23.6M of operating cash was repeatable
Positive cash flow funded a 5.8% buyback. If cash generation fades while revenue declines, the stock loses one of its few clean support points.
Analyst rankings
earnings predictability
15 / 100
This is a low score. In human-speak, analysts do not trust the quarterly earnings pattern to stay smooth.
price stability
15 / 100
The stock has not traded like a steady operator. You should expect volatility, especially at a $56M market cap.
source: institutional data
Institutional activity
institutional ownership data for UEIC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$4
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive