Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Garmin Ltd. Revenue & Financial Statements
Garmin Ltd. reported revenue of $7.2B for the fiscal year ended December 27, 2025, up 15.1% year over year, with net income of $1.7B and diluted EPS of $8.59.
- Company
- Garmin Ltd. GRMN · NYSE
- Latest fiscal year
- FY ended Dec 27, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 5.0B | 4.9B | 5.2B | 6.3B | 7.2B |
| Cost of revenue | 2.1B | 2.1B | 2.2B | 2.6B | 3.0B |
| Gross profit | 2.9B | 2.8B | 3.0B | 3.7B | 4.3B |
| Operating income | 1.2B | 1.0B | 1.1B | 1.6B | 1.9B |
| Pretax income | 1.2B | 1.1B | 1.2B | 1.7B | 2.0B |
| Net income | 1.1B | 973.6M | 1.3B | 1.4B | 1.7B |
| Diluted EPS | 5.61 | 5.04 | 6.71 | 7.30 | 8.59 |
| EBITDA | 1.3B | 1.1B | 1.2B | 1.7B | 2.0B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.5B | 1.6B | 1.8B | 1.5B | 1.8B | 1.8B | 2.1B |
| Cost of revenue | 579.5M | 643.8M | 634.4M | 742.6M | 650.6M | 747.6M | 724.4M | 866.7M |
| Gross profit | 802.1M | 862.9M | 951.6M | 1.1B | 884.5M | 1.1B | 1.0B | 1.3B |
| Operating income | 298.4M | 342.0M | 437.5M | 516.1M | 332.8M | 472.3M | 456.8M | 614.2M |
| Pretax income | 327.0M | 366.0M | 486.2M | 516.1M | 389.1M | 480.3M | 509.8M | 635.4M |
| Net income | 276.0M | 300.6M | 399.1M | 435.7M | 332.8M | 400.8M | 401.6M | 528.7M |
| Diluted EPS | 1.43 | 1.56 | 2.07 | 2.24 | 1.72 | 2.07 | 2.08 | 2.72 |
| EBITDA | 332.3M | — | 471.9M | 554.2M | 370.3M | — | 496.5M | 651.1M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 7.9B | 7.7B | 8.6B | 9.6B | 11.0B |
| Current assets | 4.3B | 4.0B | 4.5B | 5.3B | 6.2B |
| Cash & equivalents | 1.5B | 1.3B | 1.7B | 2.1B | 2.3B |
| Total liabilities | — | — | — | — | — |
| Current liabilities | 1.4B | 1.2B | 1.3B | 1.5B | 1.7B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Stockholders’ equity | 6.1B | 6.2B | 7.0B | 7.8B | 9.0B |
| Net debt | — | — | — | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1.0B | 788.3M | 1.4B | 1.4B | 1.6B |
| Investing cash flow | (475.4M) | (145.1M) | (333.0M) | (393.3M) | (645.2M) |
| Financing cash flow | (486.7M) | (840.6M) | (636.5M) | (626.9M) | (844.1M) |
| Capital expenditure | 307.6M | 244.3M | 193.5M | 193.6M | 270.4M |
| Free cash flow | 704.8M | 544.0M | 1.2B | 1.2B | 1.4B |
| Dividends paid | 491.5M | 679.1M | 558.8M | 572.4M | 663.9M |
| Stock-based compensation | 92.5M | 76.8M | 101.4M | 137.2M | 166.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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