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U Cash & Debt

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As of Q4'25, Unity's cash and short-term investments stand at $2.06B, while total debt is $2.24B. This marks a continued increase in cash from the recent low of $1.18B in Q1'24, alongside a relatively stable debt position over the same period. From Q1'23 to Q4'25, the chart shows that cash and short-term investments experienced a notable dip in early 2024 but have since rebounded, surpassing previous levels and reaching their highest point in the observed timeframe. Debt, on the other hand, remained elevated and stable around $2.7B until Q4'23, after which it decreased to approximately $2.2B and has since plateaued. This trend indicates improving liquidity for Unity, with cash reserves growing steadily while debt levels remain consistently managed.