Unity Bancorp (UNTY) Financial Statements & Analysis

Unity Bancorp (UNTY) Income Statement

Unity Bancorp reported revenue of $127.87M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 24.0% from $103.13M a year earlier. Net income was $57.95M, up 39.8% year over year, a net margin of 45.3%. Gross margin was 100.0% and operating margin 59.1%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $35.60M, up 10.3% from the same quarter a year earlier.

Unity Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Unity Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	127.87	103.13	150.72	93.88	95.78	91.02	84.11	76.45	62.93
Cost of Revenue	60.54	61.08	51.67	14.91	7.92	21.48	20.16	15.57	11.10
Gross Profit	127.87	101.99	99.05	93.36	87.86	69.54	63.95	60.88	51.83
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	16.73	15.15	33.05	12.86	27.66	25.48	24.41	24.35	20.84
Operating Expenses	52.36	47.60	46.06	41.94	39.73	38.43	33.64	33.57	29.40
Operating Income	75.51	54.39	53.00	51.42	48.13	31.12	30.32	27.31	22.43
Other Income/Expense
Interest Income	173.63	155.74	143.49	100.74	84.78	78.92	75.65	67.26	55.31
Interest Expense	56.60	57.13	48.50	10.63	7.74	14.48	18.06	13.52	9.45
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	75.51	54.39	53.00	51.42	48.13	31.12	30.32	27.31	22.43
Income Tax Expense	17.56	12.94	13.29	12.96	12.01	7.48	6.66	5.39	9.54
Net Income	57.95	41.45	39.71	38.46	36.12	23.64	23.65	21.92	12.89
Net Income - Continuous Operations	57.95	41.45	39.71	38.46	36.12	23.64	23.65	21.92	12.89
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	2.81	2.57	55.38	2.76	49.74	33.03	31.93	29.24	23.67
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.81	2.58	2.38	2.76	1.61	1.91	1.62	1.94	1.24
Earnings Per Share
Basic EPS	6.00	4.00	4.00	4.00	3.00	2.00	2.00	2.00	1.00
Diluted EPS	6.00	4.00	4.00	4.00	3.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	10.03	10.03	10.21	10.51	10.40	10.71	10.85	10.73	10.56
Diluted Shares Outstanding	10.22	10.20	10.34	10.71	10.55	10.81	11.03	10.92	10.75

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Unity Bancorp Financial Statements

What was Unity Bancorp's revenue in fiscal 2025?

Unity Bancorp reported revenue of $127.87M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 24.0% from $103.13M a year earlier.

Is Unity Bancorp profitable?

Yes. Unity Bancorp earned net income of $57.95M in fiscal 2025, a net margin of 45.3%. In fiscal 2024 it earned $41.45M.

What is Unity Bancorp's operating margin?

Unity Bancorp's operating income was $75.51M on revenue of $127.87M in fiscal 2025, an operating margin of 59.1%, compared with 52.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition