RESIDEO TECHNOLOGIES, INC.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
REZI$20.05+3.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2025 | 2024 | 2023 |
| Net revenue | $7,472 | $6,761 | $6,242 |
| Cost of goods sold | 5,276 | 4,860 | 4,546 |
| Gross profit | 2,196 | 1,901 | 1,696 |
| Operating expenses: | |||
| Research and development expenses | 167 | 111 | 109 |
| Selling, general and administrative expenses | 1,266 | 1,138 | 960 |
| Intangible asset amortization | 122 | 80 | 38 |
| Restructuring, impairment and extinguishment costs | 16 | 52 | 42 |
| Business separation costs | 18 | — | — |
| Total operating expenses | 1,589 | 1,381 | 1,149 |
| Income from operations | 607 | 520 | 547 |
| Indemnification Agreement expense | 972 | 211 | 178 |
| Other expense (income), net | (43) | 7 | (9) |
| Interest expense, net | 135 | 81 | 65 |
| Net income (loss) before taxes | (457) | 221 | 313 |
| Provision for income taxes | 70 | 105 | 103 |
| Net income (loss) | (527) | 116 | 210 |
| Less: preferred stock dividends | 35 | 19 | — |
| Less: undistributed income allocated to preferred stockholders | — | 6 | — |
| Net income (loss) available to common stockholders | $(562) | $91 | $210 |
| Earnings (loss) per common share: | |||
| Basic | $(3.77) | $0.62 | $1.43 |
| Diluted | $(3.77) | $0.61 | $1.42 |
| Weighted average common shares outstanding: | |||
| Basic | 149 | 146 | 147 |
| Diluted | 149 | 149 | 148 |
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