Gentherm Inc
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
THRM$29.47-0.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Product revenues | $1,498,602 | $1,456,124 | $1,469,076 |
| Cost of sales | 1,136,426 | 1,089,693 | 1,117,452 |
| Gross margin | 362,176 | 366,431 | 351,624 |
| Operating expenses: | |||
| Net research and development expenses | 94,759 | 88,697 | 94,358 |
| Selling, general and administrative expenses | 170,045 | 155,108 | 155,579 |
| Restructuring expenses, net | 12,476 | 13,110 | 4,739 |
| Loss on sale of land and building, net | 2,196 | — | — |
| Impairment of intangible assets and property and equipment | — | 2,501 | — |
| Impairment of goodwill | — | — | 19,509 |
| Total operating expenses | 279,476 | 259,416 | 274,185 |
| Operating income | 82,700 | 107,015 | 77,439 |
| Interest expense, net | (13,811) | (15,300) | (14,641) |
| Foreign currency (loss) gain | (28,415) | 9,599 | (5,918) |
| Other (loss) income | (4,639) | 951 | (1,926) |
| Earnings before income tax | 35,835 | 102,265 | 54,954 |
| Income tax expense | 17,550 | 37,318 | 14,611 |
| Net income | $18,285 | $64,947 | $40,343 |
| Basic earnings per share | $0.60 | $2.08 | $1.23 |
| Diluted earnings per share | $0.59 | $2.06 | $1.22 |
| Weighted average number of shares – basic | 30,585 | 31,293 | 32,778 |
| Weighted average number of shares – diluted | 30,933 | 31,476 | 33,067 |
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