RESIDEO TECHNOLOGIES, INC. (REZI) FY2025 10-K Annual Report
RESIDEO TECHNOLOGIES, INC. (REZI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 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.
RESIDEO TECHNOLOGIES, INC. FY2025 10-K Analysis
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
RESIDEO TECHNOLOGIES, INC. FY2025 Key Financial MetricsXBRL
Revenue
$7.5B
▲ +10.5% YoY
Net Income
-$527M
▼ -554.3% YoY
Gross Margin
29.4%
▲ +127bp YoY
Operating Margin
8.1%
▲ +43bp YoY
Net Margin
-7.1%
▼ -877bp YoY
ROE
-18.1%
▼ -2157bp YoY
Total Assets
$8.4B
▲ +2.9% YoY
EPS (Diluted)
$-3.77
▼ -718.0% YoY
Operating Cash Flow
-$1.1B
▼ -356.1% YoY
Source: XBRL data from RESIDEO TECHNOLOGIES, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on RESIDEO TECHNOLOGIES, INC.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.