OLED - NASDAQ
Universal Display Corporation
$90.84
-0.035%Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.
At a Glance
Live SnapshotUniversal Display Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
Universal Display Corporation Cash Flow Statement
OLED • NASDAQ
| Universal Display Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
242.1M | 222.1M | 203M | 210.1M | 184.2M | 133.4M | 138.3M | 58.8M | 103.9M | 48.1M | 14.7M | 41.9M | 74.1M | 9.7M | 3.2M | -19.9M | -20.5M | -19.1M | -16M | -15.2M | |
46.6M | 44.1M | 43.4M | 42.3M | 42M | 37.2M | 34.4M | 30.6M | 26.9M | 20.8M | 14.1M | 13.1M | 13M | 6.8M | 1.5M | 2.9M | 3.8M | 2.6M | 3.2M | 3.4M | |
-1M | -19.1M | -3.8M | -26.9M | 1.7M | -4.4M | -5.8M | -12.8M | 24.4M | 3.1M | 7.1M | 9.1M | -41.4M | 822K | -1.5M | 6M | 605K | -3.7M | -2.7M | -2.4M | |
28.2M | 30M | 24.1M | 29.9M | 36.3M | 28.3M | 17.7M | 16.8M | 14.9M | 13.1M | 10.5M | 8.3M | 6.9M | 5M | 5.8M | 5.9M | 3.9M | 3.7M | 2.7M | 2.4M | |
-5.5M | 1.9M | -8.5M | 5.8M | -213.5M | -182.2M | -130.3M | -66.9M | -9.1M | -9.5M | 26.7M | -3.1M | -4.7M | -5.3M | 3.2M | 1.2M | -2.8M | 5.6M | 4.4M | 6M | |
(0.0) | (72M) | (96.2M) | (72.3M) | (52.7M) | (36.3M) | (46.6M) | (17.8M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-99.5M | -25.3M | -103.5M | -134.3M | 140.4M | 136.6M | 139.5M | 95.3M | -27.6M | 4.8M | 40.6M | -21.9M | -2.9M | 665K | 4.3M | -370.8K | 423.2K | 3.1M | -2.7M | 1.1M | |
210.8M | 253.7M | 154.8M | 126.8M | 191.1M | 148.8M | 193.9M | 121.8M | 133.4M | 80.3M | 113.6M | 47.3M | 45M | 17.8M | 16.4M | -4.2M | -14.6M | -7.8M | -11.1M | -4.7M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-56.5M | -42.6M | -59.8M | -47.2M | -43.6M | -28.1M | -30.5M | -25.4M | -29.8M | -103.3M | -5.1M | -6.2M | -5.1M | -111.8M | -3.1M | -369.1K | -258.8K | -1.3M | -1.2M | -2.3M | |
(0.0) | (0.0) | (0.0) | (4.7M) | (394K) | (60K) | (401K) | (0.0) | (0.0) | -33.4M | (0.0) | (0.0) | (359K) | (109.1M) | (439.6K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-375.5M | -594.8M | -531.1M | -702M | -642.2M | -604.2M | -931.9M | -628.8M | -594.3M | -450.3M | -691.9M | -409M | -362.8M | -304.5M | -337.4M | -91.4M | -61.3M | -96.9M | -61.3M | -24.4M | |
396.5M | 473.1M | 574.2M | 468.5M | 228M | 1B | 723.6M | 633.2M | 498.5M | 548.5M | 638.4M | 372.8M | 313.1M | 380.3M | 156.7M | 79.9M | 69.6M | 98.7M | 29.9M | 25.6M | |
-10M | 0.0 | -66.6M | -4.7M | -394K | -60K | -401K | 4.4M | -95.8M | 2.2M | -53.5M | -36.2M | -359K | -109.1M | -439.6K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-45.5M | -164.4M | -83.3M | -280.7M | -457.8M | (391.3M) | -238.7M | -21M | -125.6M | -38.5M | -58.6M | -42.3M | -54.8M | -36.1M | -183.8M | -11.8M | (8M) | (600.4K) | -32.7M | -1.1M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-30.9M | 2.2M | 2M | 1.6M | 1.5M | 1.2M | 240K | 321K | 734K | 439K | 354K | -29.2M | -5.1M | -4.9M | 249.9M | 246K | 130.2K | 2.4M | 46.5M | 6.3M | |
-85.5M | -76.2M | -66.7M | -57M | -37.9M | -28.4M | -18.9M | -11.3M | -5.7M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-32.9M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -649K | -477K | (0.0) | (0.0) | (0.0) | -29.5M | -5.5M | -5.2M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-9.6M | -8.4M | -8.2M | -9.2M | -14.9M | -14.4M | -16M | -11.6M | -9.4M | -453K | -3.3M | -957K | -436K | -2.7M | 8.9M | 13.5M | 833.6K | -771.6K | 0.0 | 0.0 | |
-126M | -82.3M | -72.9M | -64.6M | -51.4M | -41.7M | -34.6M | -22.6M | -14.3M | -14K | -2.9M | -30.1M | -5.5M | -7.5M | 258.8M | 13.7M | 963.8K | 1.6M | 46.5M | 6.3M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
39.4M | 7M | -1.4M | -218.6M | -318M | 498.4M | -79.4M | 78.2M | -6.5M | 41.9M | 52.1M | -25.2M | -15.3M | -25.9M | 91.4M | -2.3M | -5.6M | -5.5M | 2.8M | 443.3K | |
99M | 92M | 93.4M | 312M | 630M | 131.6M | 211M | 132.8M | 139.4M | 97.5M | 45.4M | 70.6M | 85.9M | 111.8M | 20.4M | 22.7M | 28.3M | 33.9M | 31.1M | 30.7M | |
138.4M | 99M | 92M | 93.4M | 312M | 630M | 131.6M | 211M | 132.8M | 139.4M | 97.5M | 45.4M | 70.6M | 85.9M | 111.8M | 20.4M | 22.7M | 28.3M | 33.9M | 31.1M | |
154.4M | 211.1M | 28.4M | 79.6M | 147.6M | 120.7M | 163.5M | 96.4M | 103.6M | -23M | 108.5M | 41.1M | 39.9M | -94.1M | 13.3M | -4.6M | -14.9M | -9.1M | -12.3M | -7.1M |
SEC Filings
OLED - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | June 18, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 19, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 06, 2025 | November 06, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | July 31, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 31, 2025 | July 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | June 23, 2025 | June 18, 2025 | 2025 |
Related Guides
Continue your OLED research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.