What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Unity Software (U) spend its free cash flow?

For TTM through Q1 2026, Unity Software generated $481.21M of operating cash flow and $463.08M of free cash flow — a free cash flow margin of 96.2% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Unity Software (U) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Unity Software's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Unity Software (U) Cash Flow Waterfall

Operating CF

$481.21M

Capex

−$18.14M

Free Cash Flow

$463.08M

FCF Margin

+96.2%

Cash flow waterfall for Unity Software (U) — TTM through Q1 2026

Free cash flow: $463.08M

Cash flow breakdown for Unity Software (U) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$481.21M	$481.21M
Capital Expenditure	−$18.14M	$463.08M
Free Cash Flow	$463.08M	$463.08M
Other Investing	−$5.00M	$458.08M
Other Financing	$109.49M	$567.57M
Forex Effect	$30.12M	$597.69M
Net Cash Increase	$597.69M	$597.69M

Operating Cash Flow$481.21M
Capital Expenditure−$18.14M
Free Cash Flow$463.08M
Other Investing−$5.00M
Other Financing$109.49M
Forex Effect$30.12M
Net Cash Increase$597.69M

Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology

Unity Software (U) Key Financials

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Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

U Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks

No dividends or stock splits on record for this company.

Forecast & Valuation

Cash flow waterfall for Unity Software (U) — TTM through Q1 2026

Cash flow breakdown for Unity Software (U) — TTM through Q1 2026

Frequently asked questions

+What is a cash flow waterfall?

+How does Unity Software (U) spend its free cash flow?

+How much did Unity Software (U) return via buybacks and dividends?

Data & methodology

+What is this view?

+How to read this waterfall

+How is the data calculated?

Unity Software (U) Key Financials

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