Alarm.com Holdings, Inc. (ALRM) FY2025 10-K Annual Report
Alarm.com Holdings, Inc. (ALRM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Alarm.com Holdings, Inc. FY2025 10-K Analysis
Business Overview
- • Cloud-based IoT platform for connected properties across residential, commercial, energy markets
- • Processed 365 billion data points in 2025 from over 170 million connected devices, demonstrating scale leadership
- • SaaS and license revenue $689.4M in 2025, up 9.1% YoY with 10.1% CAGR since 2023
- • Net income $132.6M in 2025, up from $124.1M in 2024; adjusted EBITDA $206.0M vs $176.2M prior year
- • Emphasis on long-term (3-5 year) service contracts with service provider partners enhancing recurring revenue stability
Management Discussion & Analysis
- • Revenue $1,011M in 2025, up 8% YoY from $940M in 2024; Alarm.com segment $920M, Other $96M
- • Operating income $134M in 2025, up 23% YoY from $109M; operating margin 13.2% vs 11.6% in 2024
- • Best performing segment Alarm.com: operating income $142M vs worst, Other segment operating loss $8.2M in 2025
- • Cash & equivalents $961M in 2025 vs $1.22B in 2024; Capex $16.2M in 2025 for Alarm.com segment; acquisitions paid $191M in cash
- • Management expects capital expenditures $8M-$11M in next 12 months; macroeconomic uncertainties may impact liquidity and assumptions
Risk Factors
- • Regulatory risk from privacy laws affecting IoT data from 170M devices, including compliance with GDPR and CCPA impacting data processing practices
- • Macroeconomic exposure to U.S. residential/commercial property markets with revenue from service provider contracts averaging 3-5 years
- • Operational risk due to reliance on independent service provider partners for sales, installation, and support of Alarm.com solutions
- • Competitive threat from video surveillance and gunshot detection tech by established firms impacting hardware sales, which represent 32% of 2025 revenue
- • Financial risk from SaaS revenue concentration: 68% of total revenue in 2025, with fluctuations in hardware and software license revenue impacting total revenue stability
Alarm.com Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.0B
▲ +7.6% YoY
Net Income
$133M
▲ +6.8% YoY
Operating Margin
13.2%
▲ +167bp YoY
Net Margin
13.1%
▼ -10bp YoY
ROE
15.6%
▼ -145bp YoY
Total Assets
$2.1B
▲ +4.8% YoY
EPS (Diluted)
$2.46
▲ +7.4% YoY
Operating Cash Flow
$153M
▼ -25.7% YoY
Source: XBRL data from Alarm.com Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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