MILLERKNOLL, INC. (MLKN) FY2025 10-K Annual Report

Filed: Jul 21, 2025
Consumer Discretionary
Office FurnitureSEC EDGAR

MILLERKNOLL, INC. (MLKN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 21, 2025. 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.

MILLERKNOLL, INC. FY2025 10-K Analysis

Business Overview

  • Core business designing, manufacturing, and distributing interior furnishings across residential, office, healthcare, and educational environments
  • Emphasis on collective brands including Herman Miller®, Knoll®, and newer brands like Muuto® and NaughtOne® under MillerKnoll umbrella
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Management Discussion & Analysis

  • Revenue $3.67B, up 1.1% YoY ($42M increase), driven by North America Contract $1.97B (+2.4% organic) and International Contract $660M (+2.7% organic)
  • Operating margin 1.4% vs 4.6% YoY due to $113M increase in non-cash intangible impairments and $108M higher Global Retail operating expenses
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Risk Factors

  • Regulatory risk from oversight by Audit Committee on cybersecurity under Enterprise Risk Management framework
  • Operational risk from reliance on Security Council led by CISO, CTO, Chief Legal Officer for cybersecurity incident response
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MILLERKNOLL, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$3.7B

+1.1% YoY

Net Income

-$37M

-144.8% YoY

Gross Margin

38.8%

-36bp YoY

Operating Margin

1.4%

-323bp YoY

Net Margin

-1.0%

-327bp YoY

ROE

-2.9%

-883bp YoY

Total Assets

$4.0B

-2.3% YoY

EPS (Diluted)

$-0.54

-148.6% YoY

Operating Cash Flow

$209M

-40.6% YoY

Source: XBRL data from MILLERKNOLL, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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