TRIMBLE INC.
For the period ended Jul 4, 2025. Filed Aug 6, 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.
Jul 4, 2025 · Filed Aug 6, 2025
TRMB$54.75+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| Second Quarter of | First Two Quarters of | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenue: | ||||
| Product | $292.8 | $320.4 | $564.4 | $687.5 |
| Subscription and services | 582.9 | 550.4 | 1,151.9 | 1,136.6 |
| Total revenue | 875.7 | 870.8 | 1,716.3 | 1,824.1 |
| Cost of sales: | ||||
| Product | 144.4 | 176.5 | 288.1 | 384.0 |
| Subscription and services | 117.3 | 120.4 | 237.0 | 244.8 |
| Amortization of purchased intangible assets | 16.1 | 28.0 | 32.5 | 55.8 |
| Total cost of sales | 277.8 | 324.9 | 557.6 | 684.6 |
| Gross margin | 597.9 | 545.9 | 1,158.7 | 1,139.5 |
| Operating expense: | ||||
| Research and development | 163.3 | 161.5 | 321.8 | 331.7 |
| Sales and marketing | 158.4 | 142.5 | 311.6 | 289.3 |
| General and administrative | 117.6 | 148.7 | 239.1 | 282.8 |
| Restructuring | 4.0 | 5.1 | 8.5 | 11.7 |
| Amortization of purchased intangible assets | 26.8 | 26.5 | 52.4 | 53.2 |
| Total operating expense | 470.1 | 484.3 | 933.4 | 968.7 |
| Operating income | 127.8 | 61.6 | 225.3 | 170.8 |
| Non-operating (expense) income, net: | ||||
| Divestitures gain, net | 2.6 | 1,714.1 | 4.8 | 1,717.6 |
| Interest expense, net | (19.4) | (18.1) | (35.0) | (63.3) |
| Income from equity method investments, net | 2.3 | 4.3 | 3.3 | 9.9 |
| Other income, net | — | 0.1 | 1.3 | — |
| Total non-operating (expense) income, net | (14.5) | 1,700.4 | (25.6) | 1,664.2 |
| Income before taxes | 113.3 | 1,762.0 | 199.7 | 1,835.0 |
| Income tax provision | 24.1 | 445.6 | 43.8 | 461.4 |
| Net income | $89.2 | $1,316.4 | $155.9 | $1,373.6 |
| Earnings per share: | ||||
| Basic | $0.37 | $5.37 | $0.65 | $5.60 |
| Diluted | $0.37 | $5.34 | $0.64 | $5.56 |
| Shares used in calculating earnings per share: | ||||
| Basic | 238.1 | 245.1 | 240.7 | 245.3 |
| Diluted | 239.6 | 246.4 | 242.9 | 246.9 |
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