RESIDEO TECHNOLOGIES, INC.

Listed Company

REZICIK 0001740332NYSELarge AcceleratedWholesale-HardwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.47B

Net Income

$-527.00M

Total Assets

$8.43B

Equity

$2.92B

Shares Out

151.25M

Op. Cash Flow

$-1.14B

Business

RESIDEO TECHNOLOGIES, INC. is a global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions that help homeowners and businesses manage comfort, security, energy use, and smart living. Its offerings include HVAC temperature and humidity controls, smoke and carbon monoxide detection and fire suppression products, residential and small-business security devices, video cameras, water and air solutions, cloud infrastructure, installation and maintenance tools, software, and components for manufacturers. It operates through two segments: Products and Solutions and ADI Global Distribution, the latter providing wholesale distribution and proprietary smart‑home brands and services. Resideo serves residential and commercial end markets worldwide primarily through a professional channel of contractors, installers, dealers, and integrators, supplemented by omnichannel and distribution platforms.

Summary from filing dated 2025-02-20

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
Net revenue	7,472	6,761	6,242	6,370	5,846
Cost of goods sold	5,276	4,860	4,546	4,604	4,262
Gross profit	2,196	1,901	1,696	1,766	1,584
Research and development expenses	167	111	109	111	86
Selling, general and administrative expenses	1,266	1,138	960	974	909
Intangible asset amortization	122	80	38	35	30
Restructuring, impairment and extinguishment costs	16	52	42	35	0
Business separation costs	18	0	0	—	—
Total operating expenses	1,589	1,381	1,149	1,155	1,025
Income from operations	607	520	547	611	559
Indemnification Agreement expense	972	211	178	—	—
Other expense (income), net	−43	7	−9	139	159
Interest expense, net	135	81	65	54	—
Net income (loss) before taxes	−457	221	313	418	353
Provision for income taxes	70	105	103	135	111
Net income (loss)	−527	116	210	283	242
Less: preferred stock dividends	35	19	0	0	—
Less: undistributed income allocated to preferred stockholders	0	6	0	0	—
Net income (loss) available to common stockholders, basic	−562	91	210	283	—
Net income (loss) available to common stockholders, diluted	−562	91	210	283	—
Basic (in dollars per share)	−3.77	0.62	1.43	1.94	1.68
Diluted (in dollars per share)	−3.77	0.61	1.42	1.9	1.63
Weighted average basic number of common shares outstanding (in shares)	149	146	147	146	144
Diluted (in shares)	149	149	148	149	148

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-05-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	661	692	—	636	326
Accounts receivable, net	1,073	1,023	—	973	1,002
Inventories, net	1,354	1,237	—	941	975
Other current assets	270	220	—	193	199
Total current assets	3,358	3,172	—	2,743	2,502
Property, plant and equipment, net	447	410	—	390	366
Goodwill	3,100	3,072	—	2,705	2,724
Intangible assets, net	1,091	1,176	—	461	475
Other assets	437	369	—	346	320
Total assets	8,433	8,199	—	6,645	6,387
Accounts payable	1,131	1,073	—	905	894
Total accrued liabilities	624	717	—	620	640
Total current liabilities	1,755	1,790	—	1,525	1,546
Long-term debt	3,167	1,983	—	1,396	1,404
Non-current obligations payable under the Indemnification Agreement	0	583	—	—	—
Other liabilities	594	534	—	366	328
Total liabilities	5,516	4,890	—	3,896	3,858
COMMITMENTS AND CONTINGENCIES (Note 15)	—	—	—	—	—
Preferred stock, $0.001 par value, 100 shares authorized, 0.5 shares issued and outstanding, and $500 liquidation preference at December 31, 2025 and December 31, 2024	482	482	500	0	—
Common stock, $0.001 par value: 700 shares authorized, 158 and 150 shares issued and outstanding at December 31, 2025, respectively, and 154 and 147 shares issued and outstanding at December 31, 2024, respectively	0	0	—	0	0
Additional paid-in capital	2,391	2,315	—	2,226	2,176
Retained earnings	345	907	—	810	600
Accumulated other comprehensive income (loss)	−157	−284	—	−194	−212
Treasury stock at cost	−144	−111	—	−93	−35
Total stockholders equity	2,917	3,309	—	2,749	2,529
Total liabilities and stockholders equity	8,433	8,199	—	6,645	6,387

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	195	144	98	94	88
Stock-based compensation expense	57	59	44	50	39
Other, net	−36	−24	−42	6	44
Accounts receivable, net	−29	−18	19	−72	−30
Inventories, net	−92	−71	32	−122	−73
Other current assets	−54	−5	6	−26	27
Accounts payable	30	127	18	−43	−42
Accrued liabilities	−107	4	−34	−21	14
Non-current obligations payable under the Indemnification Agreement	−583	71	38	—	—
Other, net	−7	−11	9	−29	0
Net cash provided by (used in) operating activities	−1,137	444	440	152	315
Acquisitions, net of cash acquired	0	−1,337	−16	−665	−11
Capital expenditures	−116	−80	−105	−85	−63
Proceeds from sale of business	77	0	86	0	0
Other investing activities, net	0	8	−9	−14	9
Net cash used in investing activities	−39	−1,409	−44	−764	−65
Proceeds from issuance of long-term debt, net	1,198	1,176	0	200	1,250
Proceeds from issuance of preferred stock, net of issuance costs	0	482	0	0	—
Preferred stock dividend payments	−35	−12	0	0	—
Acquisition of treasury stock to cover stock award tax withholding	−29	−17	−17	—	—
Repayments of long-term debt	−9	−605	−12	−12	−1,188
Common stock repurchases	0	−1	−41	0	0
Other financing activities, net	3	8	6	−18	−42
Net cash provided by (used in) financing activities	1,128	1,031	−64	170	20
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	17	−10	−24	−8	−8
Net increase (decrease) in cash, cash equivalents and restricted cash	−31	56	308	−450	262

Filings

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