Short answer
RESIDEO TECHNOLOGIES, INC. (REZI) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $7.5B (+10.5% year over year) and net income of −$527M.
- Top risk flagged: Regulatory/legal risk: Potential patent infringement litigation from operating companies and non-practicing entity patent holders, which could cause financial liability and divert management attention
FY2025 key financial metrics · XBRL
- Revenue
- $7.5B
- +10.5% YoY
- Net income
- −$527M
- −554.3% YoY
- Operating margin
- 8.1%
- +0.4 pp YoY
- Gross margin
- 29.4%
- +1.3 pp YoY
- EPS (diluted)
- −$3.77
- −718.0% YoY
- ROE
- -18.1%
- −21.6 pp YoY
- Operating cash flow
- −$1.1B
- −356.1% YoY
Source: XBRL data from the RESIDEO TECHNOLOGIES, INC. (REZI) FY2025 10-K on SEC EDGAR. USD.
RESIDEO TECHNOLOGIES, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Global manufacturer and distributor of sensing and controls products for comfort, security, energy, and smart living in residential and commercial markets
- New strategic initiative: Planned tax-free spin-off of ADI Global Distribution segment announced July 30, 2025, to create two independent public companies
- Competitive focus: Trusted partnerships with ~100,000 professional contractors in HVAC, security, fire, electrical, connected home, and home comfort markets
- Quantitative scale: Connected solutions serve over 14 million connected customers worldwide as part of 150 million installed spaces
- Manufacturing footprint: Owns multiple global manufacturing sites including Mexico, Czech Republic, Hungary, U.S., Germany, U.K., Netherlands, and China
Management Discussion & Analysis
- Revenue $7,472M, up 10.5% YoY (+$711M), boosted by Snap One acquisition ($446M) and favorable price/mix ($193M)
- Gross margin 29.4% vs 28.1%, up 130 bps driven by price/mix (+100bps) and Snap One (+50bps)
- Best segment: ADI Global Distribution revenue $4,784M (+14.0%) with $212M income from operations (+8.7%); Worst: Corporate costs $160M, down 10.1% but net loss $527M vs net income $116M
- Cash flow: Operating activities used $1,137M vs provided $444M LY; Financing activities provided $1,128M, including $1,225M incremental term loans for $1,590M Honeywell indemnification termination payment; no stock repurchases in 2025
- Outlook & risks: Focus on ADI Global Distribution spin-off; risks include supply chain disruptions, competition, tariffs, geopolitical volatility, and ability to access capital markets favorably
Risk Factors
- Regulatory/legal risk: Potential patent infringement litigation from operating companies and non-practicing entity patent holders, which could cause financial liability and divert management attention
- Geopolitical/macroeconomic threat: International revenue 22% of net sales exposed to tariffs, trade restrictions, and geopolitical conflicts impacting supply chain and market access
- Operational/supply chain vulnerability: Dependence on single or limited suppliers resulting in risk of supply disruption, delayed deliveries, and increased costs affecting product availability
- Competitive/market disruption risk: Technology companies exert pricing pressure in connected smart home solutions, possibly reducing Resideo’s market share and impairing growth
- Financial/structural risk: Customer concentration risk from OEM relationships where contract termination or consolidations could materially impact net revenue and operating income
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.