Short answer
Alarm.com Holdings, Inc. (ALRM) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $1.0B (+7.6% year over year) and net income of $133M.
- Top risk flagged: Regulatory risk from privacy laws affecting IoT data from 170M devices, including compliance with GDPR and CCPA impacting data processing practices
FY2025 key financial metrics · XBRL
- Revenue
- $1.0B
- +7.6% YoY
- Net income
- $133M
- +6.8% YoY
- Operating margin
- 13.2%
- +1.7 pp YoY
- EPS (diluted)
- $2.46
- +7.4% YoY
- ROE
- 15.6%
- −1.5 pp YoY
- Operating cash flow
- $153M
- −25.7% YoY
Source: XBRL data from the Alarm.com Holdings, Inc. (ALRM) FY2025 10-K on SEC EDGAR. USD.
Alarm.com Holdings, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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