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GARMIN LTD FY 2025 10-K, explained in plain English

GRMN · 10-K for the period ending December 27, 2025, filed February 18, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$7.2B
Gross margin58.7%
Operating income$1.9B
Net income$1.7B
Diluted EPS$8.59
Cash & equivalents$2.3B
Total assets$11.0B
Long-term debt— not reported

Key takeaway

Garmin closed fiscal 2025 with $7.25 billion in revenue, 58.7% gross margin, and $1.66 billion in net income, translating to $8.59 diluted EPS.

🔒 4 more takeaways in the full analysis

Beneath the surface

The filing discloses $782.9 million of available-for-sale debt securities sitting in unrealized loss positions, including $471.8 million held for 12+ months, suggesting some interest-rate-driven mark-to-market pressure on the investment portfolio.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for GRMN.

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