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Universal Display OLED Royalty expense

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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

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Return on equity12.7%-1.9pp
Debt / equity
Current ratio9.5×

Where this comes from

Reported directly by Universal Display in its filing.

Tagged under the XBRL concept us-gaap:RoyaltyExpense.

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 royalty expense?
Universal Display (OLED) reported royalty expense of $104K in Q1 2026.
How has Universal Display's royalty expense changed year-over-year?
Universal Display's royalty expense decreased by 8.8% year-over-year, from $114K to $104K.
What is the long-term trend for Universal Display's royalty expense?
Over 4 years (2021 to 2025), Universal Display's royalty expense has grown at a -7.6% compound annual growth rate (CAGR), from $691K to $504K.
What does royalty expense mean?
This represents the costs incurred for the right to use third-party intellectual property, patented technologies, or licensed materials in the production or sale of goods. It reflects the firm's reliance on external innovation versus internal development. Monitoring this helps assess the impact of licensing agreements on overall operating margins.