Garmin Ltd. (GRMN) Financial Statements (2026 and earlier)

Company Profile

Business Address MUHLENTALSTRASSE 36/38
SCHAFFHAUSEN, 8200
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7382,5402,5872,6752,5012,424
Cash and cash equivalent2,2792,0732,0722,1762,0792,009
Short-term investments459467515499421415
Receivables1,2539561,011787983922
Inventory, net of allowances, customer advances and progress billings1,7721,8881,7881,5821,4741,506
Inventory1,7721,8881,7881,5821,4741,506
Deferred costs181719212423
Other undisclosed current assets468410415381354334
Total current assets:6,2485,8115,8195,4455,3365,210
Noncurrent Assets
Operating lease, right-of-use asset196188179171165138
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,3751,2961,2911,2331,2371,220
Long-term investments and receivables1,3971,3771,2861,2261,1981,107
Long-term investments1,3971,3771,2861,2261,1981,107
Intangible asset, including goodwill, after accumulated amortization959963788767758780
Goodwill760757641617604612
Intangible asset, excluding goodwill, after accumulated amortization198206147150154168
Restricted cash and investments      1
Deferred costs455678
Deferred income tax assets718782853832823788
Other noncurrent assets9610110310710798
Other undisclosed noncurrent assets      (1)
Total noncurrent assets:4,7454,7124,5054,3424,2944,138
TOTAL ASSETS:10,99410,52310,3249,7889,6319,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6141,6471,8241,2241,3971,466
Accounts payable347378397345359374
Accrued liabilities1,2671,2691,4268791,0371,092
Deferred revenue106105108106111113
Total current liabilities:1,7201,7521,9321,3301,5081,579
Noncurrent Liabilities
Liabilities, other than long-term debt301292267278274263
Accounts payable and accrued liabilities4347717
Deferred revenue222325262830
Deferred income tax liabilities11010989105103105
Other liabilities111111
Operating lease, liability165156149140135110
Total noncurrent liabilities:301292267278274263
Total liabilities:2,0212,0452,1991,6081,7821,841
Equity
Equity, attributable to parent8,9738,4788,1258,1797,8487,507
Common stock191919191919
Treasury stock, value(406)(393)(356)(302)(271)(244)
Additional paid in capital2,3692,3602,3172,2562,2472,218
Accumulated other comprehensive income (loss)2150105(126)(147)(51)
Retained earnings6,9706,4426,0406,3325,9995,564
Total equity:8,9738,4788,1258,1797,8487,507
TOTAL LIABILITIES AND EQUITY:10,99410,52310,3249,7889,6319,348

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Revenues2,1251,7711,8151,5351,8231,586
Cost of revenue
(Cost of Product and Service Sold)		(867)(724)(748)(651)(743)(634)
Gross profit:1,2581,0461,0678851,080952
Operating expenses(644)(590)(595)(552)(564)(514)
Operating income:614457472333516437
Nonoperating income2153856049
Gain (loss), foreign currency transaction, before tax(14)20(24)25(36)18
Other nonoperating income (expense)01(0)162
Income from continuing operations before income taxes:635510480389516486
Income tax expense(107)(108)(79)(56)(80)(87)
Net income available to common stockholders, diluted:529402401333436399

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
Q1
12/31/2025
Q4
9/30/2025
Q3
6/30/2025
Q2
3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
Net income:529402401333436399
Other comprehensive income (loss)(2)(3)(2)(4)3(9)
Comprehensive income:527399399329439390
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(28)(53)23325(100)96
Comprehensive income, net of tax, attributable to parent:499346632354339486

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you