7. Revenue

The following table presents the Company’s revenue by end customer geography for the years ended December 31 (in millions):

 

 

 

2025

 

 

2024

 

 

2023

 

United States

 

$

891.3

 

 

$

938.5

 

 

$

777.7

 

Germany

 

 

297.0

 

 

 

310.7

 

 

 

281.5

 

Europe excluding Germany

 

 

950.2

 

 

 

873.0

 

 

 

699.7

 

China

 

 

475.8

 

 

 

471.2

 

 

 

528.1

 

Asia Pacific excluding China

 

 

552.6

 

 

 

518.5

 

 

 

460.9

 

Other

 

 

269.6

 

 

 

254.5

 

 

 

216.6

 

Total revenue

 

$

3,436.5

 

 

$

3,366.4

 

 

$

2,964.5

 

 

The following table presents revenue for the Company recognized at a point in time versus over time for the years ended December 31 (in millions):

 

 

 

2025

 

 

2024

 

 

2023

 

Revenue recognized at a point in time

 

$

2,920.7

 

 

$

2,894.9

 

 

$

2,575.3

 

Revenue recognized over time

 

 

515.8

 

 

 

471.5

 

 

 

389.2

 

Total revenue

 

$

3,436.5

 

 

$

3,366.4

 

 

$

2,964.5

 

 

For the years ended December 31 (in millions) the following balances were associated with revenue:

 

 

 

2025

 

 

2024

 

Contract assets

 

$

113.0

 

 

$

105.2

 

Contract liabilities (a)

 

 

550.4

 

 

 

538.2

 

Remaining performance obligations (b)

 

$

2,569.4

 

 

$

2,090.4

 

(a)
Approximately $389.5 million of the contract liability balance on December 31, 2024, was recognized as revenue during the year ended December 31, 2025.
(b)
Bruker’s mix of remaining performance obligations consist of firm orders under non-cancelable purchase orders received from customers and the timing of revenue recognition can vary significantly due to a variety of factors. Bruker manufactures innovative scientific instruments and diagnostic solutions which can result in varying production and installation timing due to components, customization, manufacturing, assembly, testing processes, and customer site availability or readiness. Bruker’s expected completion of performance obligations can vary from year to year based on these and other factors. As a result, performance obligations on any particular date may be indicative of Bruker’s short-term revenue performance but is not necessarily a reliable indicator of long-term revenue performance. The Company will recognize revenues for these performance obligations as they are satisfied, the majority of which is expected to occur within the next twelve months.

 

Shipping and handling costs were $50.0 million, $45.7 million and $40.3 million during the years ended December 31, 2025, 2024 and 2023, respectively. Amounts billed to customers in connection with these costs are included in total revenues.

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Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Mar 3, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Feb 28, 2022
2020Mar 1, 2021
2019Mar 27, 2020
2018Mar 1, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.