GENTEX CORP
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
GNTX$19.42-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Income
For the Three and Nine Months Ended September 30, 2025 and 2024
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| NET SALES | $655,236,055 | $608,525,777 | $1,889,867,355 | $1,771,676,766 |
| COST OF GOODS SOLD | 430,069,318 | 404,462,142 | 1,247,676,128 | 1,176,812,215 |
| Gross profit | 225,166,737 | 204,063,635 | 642,191,227 | 594,864,551 |
| OPERATING EXPENSES: | ||||
| Engineering, research and development | 52,634,707 | 48,225,968 | 150,030,348 | 134,411,948 |
| Selling, general & administrative | 49,686,902 | 30,109,515 | 128,135,262 | 90,494,117 |
| Severance expense | 518,190 | — | 10,191,438 | — |
| Total operating expenses | 102,839,799 | 78,335,483 | 288,357,048 | 224,906,065 |
| Income from operations | 122,326,938 | 125,728,152 | 353,834,179 | 369,958,486 |
| OTHER (LOSS) INCOME | ||||
| Investment income, net | 542,055 | 18,982,629 | 1,788,679 | 3,220,333 |
| Other, net | (2,298,285) | 744,569 | (5,954,429) | 1,255,438 |
| Total other (loss) income, net | (1,756,230) | 19,727,198 | (4,165,750) | 4,475,771 |
| INCOME BEFORE PROVISION FOR INCOME TAXES | 120,570,708 | 145,455,350 | 349,668,429 | 374,434,257 |
| PROVISION FOR INCOME TAXES | 19,684,004 | 22,906,309 | 58,257,230 | 57,614,063 |
| NET INCOME | $100,886,704 | $122,549,041 | $291,411,199 | $316,820,194 |
| Less: Net loss attributable to non-controlling interests | (81,206) | — | (470,340) | — |
| NET INCOME ATTRIBUTABLE TO GENTEX CORPORATION | $100,967,910 | $122,549,041 | $291,881,539 | $316,820,194 |
| EARNINGS PER SHARE ATTRIBUTABLE TO GENTEX CORPORATION: (1) | ||||
| Basic | $0.46 | $0.54 | $1.31 | $1.38 |
| Diluted | $0.46 | $0.53 | $1.31 | $1.38 |
| Cash Dividends Declared per Share | $0.120 | $0.120 | $0.360 | $0.360 |
| (1) Earnings Per Share has been adjusted to exclude the portion of net income allocated to participating securities as a result of share-based payment awards. | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Three and Nine Months Ended September 30, 2025 and 2024
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net income from consolidated operations | $100,886,704 | $122,549,041 | $291,411,199 | $316,820,194 |
| Other comprehensive income (loss) before tax: | ||||
| Foreign currency translation adjustments | 872,761 | 1,776,813 | 2,636,542 | 317,059 |
| Unrealized gains (losses) on derivatives | 147,094 | — | (1,098,273) | — |
| Unrealized (losses) gains on debt securities, net | (301,948) | 4,193,565 | 2,524,319 | 4,245,746 |
| Other comprehensive income, before tax | 717,907 | 5,970,378 | 4,062,588 | 4,562,805 |
| Income tax impact related to components of other comprehensive income (loss) | (32,519) | 880,649 | 299,470 | 891,607 |
| Other comprehensive income, net of tax | 750,426 | 5,089,729 | 3,763,118 | 3,671,198 |
| Comprehensive income from consolidated operations | $101,637,130 | $127,638,770 | $295,174,317 | $320,491,392 |
| Net loss attributable to non-controlling interests | (81,206) | — | (470,340) | — |
| Comprehensive income attributable to Gentex Corporation | $101,718,336 | $127,638,770 | $295,644,657 | $320,491,392 |
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