What is Universal Display's net debt?

Universal Display (OLED) reported net debt of -$118.47M in Q1 2026.

What is the long-term trend for Universal Display's net debt?

Over 5 years (2020 to 2025), Universal Display's net debt has grown at a -31.3% compound annual growth rate (CAGR), from -$621.26M to -$94.89M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Universal Display OLED Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

MattelMAT

2.8×+1.1×

Dorman ProductsDORM

1.5×+0.1×

International Seaways, Inc.INSW

0.6×-0.3×

Graphic Packaging HoldingGPK

4.5×+0.9×

Centrus EnergyLEU

-16.8×-21.3×

Grand Canyon EducationLOPE

0×0.0×

Other financials

Income statement

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Revenue$142.2M-14.5%

Gross profit$106.1M-17.2%

Operating income$42.8M-38.6%

Net income$35.9M-44.3%

EPS (diluted)$0.76-43.7%

Balance sheet

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Cash & equivalents$159.4M—

Total debt$40.9M—

Total equity$1.7B+2.7%

Total assets$1.9B—

Cash flow

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Operating cash flow$108.9M+256%

CapEx$8.6M-34.1%

Free cash flow$100.3M+473%

Valuation

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Market cap$4.16B-34.8%

Enterprise value$4.04B—

P/E19.5×-8.3×

P/S6.6×-3.2×

Profitability

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Gross margin75.7%-1.2pp

Operating margin35.4%-2.5pp

Net margin34.1%-1.3pp

FCF margin37.8%+12.6pp

Returns & leverage

See full

Return on equity12.7%-1.9pp

Debt / equity0×—

Current ratio9.5×—

Where this comes from

Calculated from Universal Display’s reported figures.

$40.9Mtotal debt−$159.4Mcash and equivalents=-$118.47M

The official record: Universal Display’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Universal Display's net debt?: Universal Display (OLED) reported net debt of -$118.47M in Q1 2026.
What is the long-term trend for Universal Display's net debt?: Over 5 years (2020 to 2025), Universal Display's net debt has grown at a -31.3% compound annual growth rate (CAGR), from -$621.26M to -$94.89M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.