TRIMBLE INC.

For the period ended Jan 3, 2025. Filed Apr 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 25, 2025

TRMB$54.75+0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(In millions, except per share amounts)	2024	2023	2022
Revenue:
Product	$1,284.0	$1,771.7	$1,986.1
Subscription and services	2,399.3	2,027.0	1,690.2
Total revenue	3,683.3	3,798.7	3,676.3
Cost of sales:
Product	698.3	875.0	1,040.8
Subscription and services	495.4	482.2	444.9
Amortization of purchased intangible assets	93.3	108.7	85.0
Total cost of sales	1,287.0	1,465.9	1,570.7
Gross margin	2,396.3	2,332.8	2,105.6
Operating expense:
Research and development	662.3	664.3	542.1
Sales and marketing	603.8	583.0	553.6
General and administrative	547.9	487.5	422.2
Restructuring	15.9	45.6	30.2
Amortization of purchased intangible assets	105.7	103.6	46.6
Total operating expense	1,935.6	1,884.0	1,594.7
Operating income	460.7	448.8	510.9
Non-operating income (expense), net:
Divestitures gain, net	1,687.9	9.2	99.0
Interest expense, net	(90.7)	(161.0)	(71.1)
(Loss) income from equity method investments, net	(48.1)	28.1	31.1
Other (loss) income, net	(3.9)	31.9	(0.8)
Total non-operating income (expense), net	1,545.2	(91.8)	58.2
Income before taxes	2,005.9	357.0	569.1
Income tax provision	501.5	45.7	119.4
Net income	$1,504.4	$311.3	$449.7
Earnings per share:
Basic	$6.13	$1.26	$1.81
Diluted	$6.09	$1.25	$1.80
Shares used in calculating earnings per share:
Basic	245.5	247.9	248.6
Diluted	247.2	249.1	250.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.