Garrett Motion Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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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 Feb 19, 2026
GTX$20.68-0.3%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a) Documents filed as part of this report:
- The following financial statements are included in Item 8 “Financial Statements and Supplementary Data” herein.
| Report of Independent Registered Accounting Firm | 46 |
|---|---|
| Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 2023 | 49 |
| Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2025, 2024 and 2023 | 50 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 51 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 2023 | 52 |
| Consolidated Statements of Equity (Deficit) for the Years Ended December 2025, 2024 and 2023 | 53 |
| Notes to the Consolidated Financial Statements | 54 |
- The following financial statement schedule should be considered in conjunction with our consolidated financial statements. All other schedules are omitted because they are not applicable, not required or the required information is shown in the consolidated financial statements or notes thereto.
Schedule II-Valuation and Qualifying Accounts
| For and as of the year ending: | Balance at Beginning of Period | Additions Charged to Costs and Expenses | Deductions | Foreign Exchange Translation Adjustment | Balance at End of Period |
|---|---|---|---|---|---|
| (Dollars in millions) | |||||
| Allowance for expected credit losses | $4 | $6 | $(1) | $— | $9 |
| Inventory reserves | 41 | 4 | (7) | 4 | 42 |
| Tax valuation allowance | 29 | 4 | — | 4 | 37 |
| Allowance for expected credit losses | $6 | $(1) | $(1) | $— | $4 |
| Inventory reserves | 41 | 4 | (2) | (2) | 41 |
| Tax valuation allowance | 52 | 4 | (34) | 7 | 29 |
| Allowance for expected credit losses | $9 | $2 | $(5) | $— | $6 |
| Inventory reserves | 31 | 13 | (4) | 1 | 41 |
| Tax valuation allowance | 31 | 20 | (1) | 2 | 52 |
- The exhibits to this report are listed below
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| ExhibitNumber · Description · Form · File No. · Exhibit · FilingDate · Filed/Furnished Herewith | |||||
| 2.1 | Amended Debtors' Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, dated April 26, 2021 | 8-K | 001-38636 | 2.1 | 4/27/2021 |
| 3.1 | Third Amended and Restated Certificate of Incorporation of Garrett Motion Inc., dated May 29, 2024 | 10-Q | 001-38636 | 3.1 | 7/25/2024 |
| 3.2 | Fifth Amended and Restated By-Laws of Garrett Motion Inc., dated May 29, 2024 | 10-Q | 001-38636 | 3.2 | 7/25/2024 | |
| 4.1 | Description of Capital Stock | 10-K | 001-38636 | 4.1 | 2/20/2025 | |
| 4.2 | Indenture, dated as of May 21, 2024, among Garrett Motion Holdings Inc., Garrett LX I S.à r.l, Garrett Motion Inc., the subsidiary guarantors party thereto from time to time and Wilmington Trust, National Association, as trustee. | 8-K | 001-38636 | 4.1 | 5/21/2024 | |
| 10.1† | Offer Letter for Olivier Rabiller, dated May 2, 2018 | 10-12B | 001-38636 | 10.1 | 8/23/2018 | |
| 10.2† | Offer Letter for Thierry Mabru, dated June 1, 2018 | 10-12B | 001-38636 | 10.4 | 8/23/2018 | |
| 10.3† | Offer Letter for Craig Balis, dated June 1, 2018 | 10-12B | 001-38636 | 10.5 | 8/23/2018 | |
| 10.4† | Employment Contract, dated May 29, 2020, between Garrett Motion Sàrl, Garrett Motion Inc. and Sean Deason | 10-Q | 001-38636 | 10.1 | 7/30/2020 | |
| 10.6† | Non-Employee Director Compensation Program | 10-K | 001-38636 | 10.6 | 2/20/2025 | |
| 10.7† | Garrett Motion Inc. 2021 Long-Term Incentive Plan | 8-K | 001-38636 | 10.1 | 5/28/2021 | |
| 10.8† | Form of Garrett Motion Inc. 2021 Long-Term Incentive Plan Restricted Stock Unit Award Agreement | 8-K | 001-38636 | 10.2 | 5/28/2021 | |
| 10.9† | Form of Garrett Motion Inc. 2021 Long-Term Incentive Plan Restricted Stock Unit Award Agreement 2021 Performance-Based (Stock Price) | 8-K | 001-38636 | 10.3 | 5/28/2021 | |
| 10.10† | Form of Garrett Motion Inc. 2021 Long-Term Incentive Plan Restricted Stock Unit Award Agreement 2021 Performance-Based (EBITDA) | 8-K | 001-38636 | 10.4 | 5/28/2021 | |
| 10.11† | Form of Garrett Motion Inc. 2021 Long-Term Incentive Plan Non-Employee Director Restricted Stock Unit Award Agreement | 8-K | 001-38636 | 10.5 | 5/28/2021 | |
| 10.12† | 2023 Garrett Motion Inc. Severance Plan for Designated Officers | 10-Q | 001-38636 | 10.4 | 7/27/2023 | |
| 10.13 | Amended and Restated Credit Agreement, dated as of January 30, 2025, among Garrett Motion Inc., Garrett LX I S.à r.l., Garrett Motion Holdings, Inc., Garrett Motion Sàrl, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. | 8-K | 001-38636 | 10.1 | 1/31/2025 | |
| 10.14 | First Amendment, dated as of August 6, 2025, to Amended and Restated Credit Agreement, dated as of January 30, 2025, among Garrett Motion Inc., Garrett LX I S.à r.l., Garrett Motion Holdings, Inc., Garrett Motion Sàrl, the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. | 8-K | 001-38636 | 10.1 | 8/07/2025 | |
| 10.15 | Registration Rights Agreement, dated as of April 30, 2021, among Garrett Motion Inc. and the holders party thereto | 8-K | 001-38636 | 10.3 | 4/30/2021 | |
| 19 | Insider Trading Policy | * | ||||
| 21.1 | List of Subsidiaries | * | ||||
| 23.1 | Consent of Independent Registered Public Accounting Firm | * | ||||
| 31.1 | Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | * | ||||
| 31.2 · Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. · * | ||||||
|---|---|---|---|---|---|---|
| 32.1 · Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. · ** | ||||||
| 32.2 · Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. · ** | ||||||
| 97 | Garrett Motion, Inc. Clawback Policy | 10-K | 001-38636 | 97 | 2/15/2024 | |
| 101 | The following financial information from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline Extensible Business Reporting Language (iXBRL) includes: (i) the Consolidated Statements of Operations, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Cash Flows, (v) the Consolidated Statements of Equity (Deficit) and (vi) Notes to the Consolidated Financial Statements | * | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | * | ||||
- Filed herewith
** Furnished herewith
† Management contract or compensation plan or arrangement
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