Garmin (GRMN) financial statements

+127.8%since 2007
FY2025 revenue
$7.2B▲ +15.1%
FY2025 net income
$1.7B▲ +17.9%
FY2025 diluted EPS
$8.59▲ +17.7%
FY2025 free cash flow
$1.4B▲ +10.0%

Garmin income statement

Garmin income statement
USD millionsFY2025FY2024FY2023
Period ended27 Dec 202528 Dec 202430 Dec 2023
Revenue7,2466,2975,228
Gross profit4,2563,6973,005
Operating income1,8761,5941,092
Pretax income2,0151,6951,200
Net income1,6641,4111,290
Diluted earnings per share8.597.306.71

Garmin balance sheet

Garmin balance sheet
USD millionsFY2025FY2024FY2023
Period ended27 Dec 202528 Dec 202430 Dec 2023
Cash and cash equivalents2,2792,0801,694
Total assets10,9949,6318,604
Total liabilities (derived)2,0211,7821,592
Total equity8,9737,8487,012

Garmin cash flow statement

Garmin cash flow statement
USD millionsFY2025FY2024FY2023
Period ended27 Dec 202528 Dec 202430 Dec 2023
Operating cash flow1,6331,4321,376
Capital expenditure-270-194-194
Free cash flow (derived)1,3631,2391,183
Dividends paid-664-572-559

Quarterly highlights

Quarterly highlights
USD millionsQ3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025
Period ended26 Sep 202627 Jun 202628 Mar 202627 Dec 2025
Revenue (derived)1,9862,0221,7532,125
Operating income (derived)612616432614
Net income (derived)542542405529
Diluted earnings per share2.802.802.09n/a
Operating cash flow (derived)394404536554
Total assets11,99411,42410,95210,994

Garmin major shareholders

Garmin major shareholders
HolderShare of classSharesFiled
KAO MIN H9.7%18,662,26513 October 2026
KAO YU-FAN C9.7%18,662,26513 October 2026
Vanguard Capital Management6.4%12,244,16628 April 2026
Jonathan Burrell5.1%9,770,66514 July 2025

Garmin 10-K and SEC filings

Garmin 10-K and SEC filings
FiledFormTypeDescription
28 October 202610-QQuarterly reportQuarterly report
28 October 20268-KCurrent reportCurrent report
29 July 202610-QQuarterly reportQuarterly report
29 July 20268-KCurrent reportCurrent report
8 June 20268-KCurrent reportCurrent report
29 April 202610-QQuarterly reportQuarterly report
29 April 20268-KCurrent reportCurrent report
18 February 202610-KAnnual reportAnnual report

Common questions

What was Garmin's revenue in fiscal 2025?

Garmin reported $7.2 billion in revenue for fiscal 2025, the year ended 27 December 2025, up 15.1% from fiscal 2024.

What was Garmin's net income in fiscal 2025?

Garmin reported net income of $1.7 billion for fiscal 2025, the year ended 27 December 2025, up 17.9% from fiscal 2024. Diluted earnings per share were $8.59.

What was Garmin's free cash flow in fiscal 2025?

Garmin had $1.4 billion in free cash flow in fiscal 2025. Operating cash flow was $1.6 billion and capital expenditure was $270 million.

What were Garmin's total assets at the end of fiscal 2025?

Garmin reported total assets of $11.0 billion at the end of fiscal 2025, the year ended 27 December 2025.

How much Garmin history do I get?

Every account gets the full history, annual and quarterly, with first reported values and as of dates.