GRMN: financial statements from SEC — TradeAlmanac

GRMN

Garmin Ltd. Common Stock (Switzerland): financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	7.25bn	6.30bn
Cost of revenue	2.99bn	2.60bn
Gross profit	4.26bn	3.70bn
Research and development	1.13bn	994m
Selling, general and administrative	1.25bn	1.11bn
Operating expenses	2.38bn	2.10bn
Operating income	1.88bn	1.59bn
Pre-tax income	2.01bn	1.70bn
Income tax	351m	284m
Net income	1.66bn	1.41bn
Earnings per share	8.65	7.35
Earnings per share, diluted	8.59	7.30

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	2.29bn	2.28bn	2.07bn	2.07bn	2.18bn	2.08bn	2.01bn	1.94bn
Receivables	941m	1.25bn	956m

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	1.63bn	1.43bn
Depreciation and amortisation	153m	140m
Share-based compensation	166m	137m
Capital expenditure	270m	194m
Investing cash flow	−645m	−393m
Dividends paid	664m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)