v3.24.3
Cover
12 Months Ended
Jun. 30, 2024
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name UBIQUITI INC.
Entity Central Index Key 0001511737
v3.24.3
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
Year
Summary Compensation Table Total for PEO
(a)
Compensation Actually Paid for PEO
(b)
Average Summary Compensation Table Total for Non-PEO NEOs
(c)
Average Compensation Actually Paid for Non-PEO NEOs
(d)
Value of Initial Fixed $100 Investment
Based On:
Net Income
(g)
Total Shareholder Return
(e)
Peer Group Total Shareholder Return
(f)
2024$810,475 $810,475 $773,230 $689,803 $87 $112 $349,960,000 
2023$976,546 $976,546 $1,081,685 $752,445 $103 $104 $407,641,000 
2022$478,907 $478,907 $722,651 $542,397 $144 $79 $378,657,000 
2021$118,629 $118,629 $737,573 $1,206,425 $180 $135 $616,584,000 
     
Named Executive Officers, Footnote Robert J. Pera served as the Company’s principal executive officer (PEO) for fiscal years 2021, 2022, 2023 and 2024. The amounts reported are the total compensation reported in the Summary Compensation Table for the applicable fiscal year for Mr. Pera.Kevin Radigan served as the Company’s other named executive officer for fiscal years 2021, 2022, 2023 and 2024. Amounts reported are the total compensation reported in the Summary Compensation Table for the applicable fiscal year for Mr. Radigan.      
Peer Group Issuers, Footnote Peer group TSR is calculated by assuming that a $100 investment was made in the Standard & Poor’s Computer & Electronics Retail Index, an independently prepared index that includes companies in the industry, on the day prior to the first fiscal year reported above and that all dividends were reinvested until the last day of each reported fiscal year.      
PEO Total Compensation Amount $ 810,475 $ 976,546 $ 478,907 $ 118,629
PEO Actually Paid Compensation Amount $ 810,475 976,546 478,907 118,629
Adjustment To PEO Compensation, Footnote Amounts reported in this column represent the “compensation actually paid” to Mr. Pera based on the total compensation reported in the Summary Compensation Table for each fiscal year, as adjusted in accordance with SEC rules. For 2024, Mr. Pera’s total compensation reported in the Summary Compensation Table was adjusted as shown in the table below. For information on the calculation of “compensation actually paid” for fiscal years 2021, 2022 and 2023, please see the “pay versus performance” disclosure in our 2023 definitive proxy statement.
PEO
2024
Summary Compensation Table - Total Compensation
$810,475
-
Grant date fair value of stock awards and option awards granted in fiscal year
+
Fair value at fiscal year end of outstanding and unvested stock awards and option awards granted in fiscal year
+
Change in fair value of outstanding and unvested stock awards and option awards granted in prior fiscal rears
+
Fair value at vesting of stock awards and option awards granted in fiscal year that vested during fiscal year
+
Change in fair value as of vesting date of stock awards and option awards granted in prior fiscal years for which applicable vesting conditions were satisfied during fiscal year
-
Fair value as of prior fiscal year end of stock awards and option awards granted in prior fiscal years that failed to meet applicable vesting conditions during fiscal year
=
Compensation Actually Paid
$810,475 
     
Non-PEO NEO Average Total Compensation Amount $ 773,230 1,081,685 722,651 737,573
Non-PEO NEO Average Compensation Actually Paid Amount $ 689,803 752,445 542,397 1,206,425
Adjustment to Non-PEO NEO Compensation Footnote Amounts reported in this column represent the “compensation actually paid” to Mr. Radigan based on the total compensation reported in the Summary Compensation Table for each fiscal year, as adjusted in accordance with SEC rules. For 2024, Mr. Radigan’s total compensation reported in the Summary Compensation Table was adjusted as shown in the table below. For information on the calculation of “compensation actually paid” for fiscal years 2021, 2022 and 2023, please see the “pay versus performance” disclosure in our 2023 definitive proxy statement.
NEO Average
2024
Summary Compensation Table - Total Compensation
$773,230
-
Grant date fair value of stock awards and option awards granted in fiscal year
194,063
+
Fair value at fiscal year end of outstanding and unvested stock awards and option awards granted in fiscal year
165,761
+
Change in fair value of outstanding and unvested stock awards and option awards granted in prior fiscal rears
(55,125)
+
Fair value at vesting of stock awards and option awards granted in fiscal year that vested during fiscal year
+
Change in fair value as of vesting date of stock awards and option awards granted in prior fiscal years for which applicable vesting conditions were satisfied during fiscal year
-
Fair value of prior fiscal year end of stock awards and option awards granted in prior fiscal years that failed to meet applicable vesting conditions during fiscal year
=
Compensation Actually Paid
$689,803 
     
Compensation Actually Paid vs. Total Shareholder Return
Ubiquiti PVP CAP vs. TSR 102224 (002).jpg
     
Compensation Actually Paid vs. Net Income
Ubiquiti PVP CAP vs. Net Income 102224 (002).jpg
     
Total Shareholder Return Vs Peer Group
Ubiquiti PVP CAP vs. TSR 102224 (002).jpg
     
Total Shareholder Return Amount $ 87 103 144 180
Peer Group Total Shareholder Return Amount 112 104 79 135
Net Income (Loss) $ 349,960,000 $ 407,641,000 $ 378,657,000 $ 616,584,000
PEO Name Robert J. Pera Robert J. Pera Robert J. Pera Robert J. Pera
Additional 402(v) Disclosure
Equity Award Valuations: Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
Cumulative TSR is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported above and that all dividends were reinvested until the last day of each reported Covered YearThe PVP Rules require the disclosure of our GAAP net income for each year. The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year
     
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 194,063      
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 165,761      
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (55,125)      
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
v3.24.3
Award Timing Disclosure
12 Months Ended
Jun. 30, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

We do not grant stock options, stock appreciation rights, or similar option-like instruments and, as such, do not have any policy or practice in place on the timing of awards of options, stock appreciation rights, or similar option-like instruments in relation to the disclosure of material non-public information. If in the future we anticipate granting stock options, stock appreciation rights, or similar option-like instruments, we may determine to establish a policy regarding how the Board determines when to grant such awards and how the Board or compensation committee will take material nonpublic information into account when determining the timing and terms of such awards.
Award Timing MNPI Considered true
MNPI Disclosure Timed for Compensation Value false
v3.24.3
Insider Trading Policies and Procedures
12 Months Ended
Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true