10-K annual report · filed Apr 25, 2025

Trimble Inc. (TRMB) FY2025 10-K Annual Report

Short answer

Trimble Inc. (TRMB) filed its fiscal 2025 10-K annual report with the SEC on Apr 25, 2025. It reported revenue of $3.6B (−2.6% year over year) and net income of $424M.

  • Top risk flagged: SEC Nasdaq Listing Rule 5250(c)(1) non-compliance due to material weaknesses in financial controls causing delayed 2024 filings

FY2025 key financial metrics · XBRL

Revenue
$3.6B
−2.6% YoY
Net income
$424M
−71.8% YoY
Operating margin
16.5%
+4.0 pp YoY
Gross margin
69.1%
+4.0 pp YoY
EPS (diluted)
$1.76
−71.1% YoY
ROE
7.3%
−18.9 pp YoY
Operating cash flow
$386M
−27.3% YoY

Source: XBRL data from the Trimble Inc. (TRMB) FY2025 10-K on SEC EDGAR. USD.

Trimble Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business details not disclosed in Business section, focus on corporate governance and compliance
  • Emphasis on updated Business Ethics and Conduct Policy disclosures via website and Form 8-K filings
  • Insider Trading Policy introduced to ensure compliance with Nasdaq listing standards
  • Relevant executive compensation and security ownership details deferred to Proxy Statement
  • No new products, services, or segments described in this filing year

Management Discussion & Analysis

  • Revenue $3,683.3M in 2024, down 3% YoY from $3,798.7M in 2023
  • GAAP gross margin 65.1% vs 61.4%, Non-GAAP gross margin 68.2% vs 64.7%
  • GAAP operating income $460.7M (12.5% margin) vs $448.8M (11.8%), Non-GAAP operating income $937.2M (25.4%) vs $934.7M (24.6%)
  • Best segment: Not explicitly segmented; overall strong margin growth; Worst segment: Not specified
  • Adjusted EBITDA $1,000.4M (27.2%) vs $1,009.7M (26.6%), Non-GAAP net income $704.4M vs $663.7M
  • No explicit forward guidance or emerging risks discussed in excerpt

Risk Factors

  • SEC Nasdaq Listing Rule 5250(c)(1) non-compliance due to material weaknesses in financial controls causing delayed 2024 filings
  • Geopolitical risk from Russia-Ukraine conflict causing component shortages, extended delivery times, and increased freight costs
  • Supply chain dependency on limited contract manufacturers and suppliers risking product delivery delays and increased component costs
  • Competition from ERP and design software giants and smartphone/tablet applications threatening software and subscription business growth
  • Key-person risk in engineering, sales, and management with intense competition for qualified personnel impacting product development and sales

Generated from the filing text; verify against the original. How to read a 10-K

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