TRIMBLE INC.

Listed Company

TRMBCIK 0000864749NasdaqLarge AcceleratedMeasuring & Controlling Devices, NecDelawareFY ends Jan 2

Period

FY 2025

Revenue

$3.59B

Net Income

$424.00M

Total Assets

$9.31B

Equity

$5.84B

Shares Out

233.93M

Op. Cash Flow

$386.20M

Business

TRIMBLE INC. provides technology solutions that connect office and field workflows and asset lifecycles to improve productivity and sustainability. It offers hardware (positioning, sensors, guidance, reality capture), plus software and cloud services including 3D modeling, BIM, ERP, and SaaS subscriptions. Trimble reports through three segments—AECO (architecture, engineering, construction, owners), Field Systems, and Transportation and Logistics—each delivering industry-specific products and services. Products are sold globally via direct sales, independent dealers, OEMs, joint ventures, distributors, and digital channels across more than 170 countries.

Summary from filing dated 2025-04-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	3,587	3,683	3,799	3,676	3,659
Amortization of purchased intangible assets	65	93	109	85	88
Total cost of sales	1,109	1,287	1,466	1,571	1,624
Gross margin	2,478	2,396	2,333	2,106	2,035
Research and development	631	662	664	542	537
Sales and marketing	646	604	583	554	507
General and administrative	483	548	488	422	369
Restructuring	19	16	46	30	10
Amortization of purchased intangible assets	107	106	104	47	51
Total operating expense	1,886	1,936	1,884	1,595	1,474
Operating income	592	461	449	511	561
Divestitures gain, net	3	1,688	9	99	41
Interest expense, net	−74	−91	−161	—	—
(Loss) income from equity method investments, net	−200,000	−48	28	31	38
Other (loss) income, net	−11	−4	32	−800,000	−100,000
Total non-operating (expense) income, net	−83	1,545	−92	58	14
Income before taxes	509	2,006	357	569	575
Income tax provision	85	502	46	119	82
Net income	424	1,504	311	450	493
Basic (in usd per share)	1.77	6.13	1.26	1.81	1.96
Diluted (in usd per share)	1.76	6.09	1.25	1.8	1.94
Basic (in shares)	239	246	248	249	251
Diluted (in shares)	242	247	249	250	254

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	253	739	230	271	326
Accounts receivable, net	856	726	707	643	625
Inventories	186	194	236	403	363
Prepaid expenses	103	103	90	74	—
Other current assets	234	196	148	128	137
Assets held for sale	0	312	421	0	—
Total current assets	1,632	2,270	1,831	1,518	1,451
Property and equipment, net	183	188	203	219	233
Goodwill	5,240	4,988	5,351	4,138	3,982
Other purchased intangible assets, net	924	998	1,244	498	507
Deferred income tax assets	260	294	412	438	502
Equity investments	611	361	—	—	—
Other non-current assets	463	388	248	336	285
Total assets	9,312	9,488	9,539	7,269	7,100
Accounts payable	168	162	165	176	207
Accrued compensation and benefits	212	227	181	159	231
Deferred revenue	894	800	663	639	549
Income taxes payable	18	325	40	24	—
Other current liabilities	212	211	201	164	202
Liabilities held for sale	0	63	48	0	—
Total current liabilities	1,503	1,788	1,829	1,462	1,189
Long-term debt	1,392	1,391	2,536	1,220	1,293
Deferred revenue, non-current	105	96	98	99	83
Deferred income tax liabilities	191	200	288	158	263
Other non-current liabilities	285	269	166	175	151
Total liabilities	3,476	3,743	5,039	3,219	3,155
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 360.0 shares authorized; 236.0 and 245.8 shares issued and outstanding at the end of 2025 and 2024	200,000	200,000	200,000	200,000	300,000
Additional paid-in-capital	2,438	2,369	2,215	2,055	1,936
Retained earnings	3,388	3,758	2,437	2,230	2,171
Accumulated other comprehensive income (loss)	11	−382	−152	−235	−162
Total stockholders' equity	5,836	5,745	4,500	4,050	3,945
Total liabilities and stockholders' equity	9,312	9,488	9,539	7,269	7,100

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	200	232	251	172	—
Deferred income taxes	2	27	−105	−40	−27
Stock-based compensation	147	159	145	120	123
Other, net	89	94	12	42	19
Accounts receivable, net	−120	−135	−36	−55	−9
Inventories	5	11	68	−114	−73
Other current and non-current assets	−73	−116	−67	−46	−30
Accounts payable	−5	6	−12	−25	60
Accrued compensation and benefits	−23	57	21	−54	54
Deferred revenue	86	169	26	109	27
Income taxes payable	−311	266	−4	−38	−3
Other current and non-current liabilities	−31	−53	−2	−30	−20
Net cash provided by operating activities	386	531	597	391	751
Divestitures of businesses, net of cash divested	−4	1,923	17	—	—
Acquisitions of businesses, net of cash acquired	−4	−22	−2,089	−374	−236
Purchases of property and equipment	−25	−34	−42	−43	−46
Other, net	−3	−7	46	−25	11
Net cash (used in) provided by investing activities	−37	1,861	−2,068	−226	−204
Issuance of common stock, net of tax withholdings	600,000	−7	7	−14	−15
Repurchases of common stock	−863	−175	−100	−395	−180
Proceeds from debt and revolving credit lines	577	521	3,847	815	199
Payments on debt and revolving credit lines	−577	−2,199	−2,293	−590	−450
Other, net	−6	−5	−29	−15	−2
Net cash (used in) provided by financing activities	−868	−1,864	1,432	−199	−448
Effect of exchange rate changes on cash and cash equivalents	25	−19	7	−21	−11
Net (decrease) increase in cash and cash equivalents	−494	509	−32	−55	88
Cash paid for interest	82	140	134	73	62
Cash tax paid, net, excluding tax for the Ag divestiture	150	106	168	—	—
Cash tax paid for the Ag divestiture	277	122	0	0	—

Filings

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