GE HealthCare Technologies Inc.
For the period ended Dec 31, 2025. Filed Feb 4, 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 4, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
☑ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2025
Commission file number 001-41528
GE HEALTHCARE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
| Delaware | 88-2515116 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 500 W. Monroe Street, Chicago, IL | 60661 |
| (Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code) (833)735-1139
Securities Registered Pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value $0.01 per share | GEHC | The Nasdaq Stock Market LLC |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☑
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☑
The aggregate market value of the outstanding common stock of the Registrant held by non-affiliates as of June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $34 billion. There were 455,749,767 shares of common stock with a par value of $0.01 per share outstanding as of January 28, 2026.
DOCUMENTS INCORPORATED BY REFERENCE
The definitive proxy statement relating to the registrant’s Annual Meeting of Stockholders, to be held May 7, 2026, is incorporated by reference into Part III of this Annual Report on Form 10-K to the extent described therein.
| Table of Contents | ||
|---|---|---|
| Page | ||
| Forward-Looking Statements | 4 | |
| Part I. | ||
| Item 1. | Business | 5 |
| Item 1A. | Risk Factors | 14 |
| Item 1B. | Unresolved Staff Comments | 35 |
| Item 1C. | Cybersecurity | 35 |
| Item 2. | Properties | 36 |
| Item 3. | Legal Proceedings | 36 |
| Item 4. | Mine Safety Disclosures | 36 |
| Part II. | ||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 37 |
| Item 6. | [Reserved] | 37 |
| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 38 |
| Trends and Factors Impacting Our Performance | 38 | |
| Summary of Key Performance Measures | 39 | |
| Results of Operations | 40 | |
| Results of Operations – Segments | 42 | |
| Non-GAAP Financial Measures | 43 | |
| Liquidity and Capital Resources | 47 | |
| Recently Issued Accounting Pronouncements | 48 | |
| Critical Accounting Estimates | 48 | |
| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 50 |
| Item 8. | Financial Statements and Supplementary Data | 53 |
| Report of Independent Registered Public Accounting Firm - Deloitte & Touche LLP (PCAOB ID No. 34) | 53 | |
| Consolidated Statements of Income | 56 | |
| Consolidated Statements of Comprehensive Income (Loss) | 57 | |
| Consolidated Statements of Financial Position | 58 | |
| Consolidated Statements of Changes in Equity | 59 | |
| Consolidated Statements of Cash Flows | 60 | |
| Notes to the Consolidated Financial Statements | 61 | |
| Note 1. Organization and Basis of Presentation | 61 | |
| Note 2. Summary of Significant Accounting Policies | 61 | |
| Note 3. Revenue Recognition | 70 | |
| Note 4. Segment and Geographical Information | 71 | |
| Note 5. Receivables | 73 | |
| Note 6. Financing Receivables | 74 | |
| Note 7. Leases | 74 | |
| Note 8. Acquisitions, Goodwill, and Other Intangible Assets | 75 | |
| Note 9. Borrowings | 78 | |
| Note 10. Postretirement Benefit Plans | 80 | |
| Note 11. Income Taxes | 85 | |
| Note 12. Shareholders’ Equity | 89 | |
| Note 13. Financial Instruments and Fair Value Measurements | 90 | |
| Note 14. Commitments, Guarantees, Product Warranties, and Other Loss Contingencies | 94 | |
| Note 15. Restructuring Activities | 95 | |
| Note 16. Share-Based Compensation | 96 | |
| Note 17. Earnings Per Share | 98 | |
| Note 18. Supplemental Financial Information | 98 | |
| Note 19. Related Parties and Transition Services Agreement | 102 | |
| Note 20. Subsequent Events | 102 | |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 102 |
|---|---|---|
| Item 9A. | Controls and Procedures | 102 |
| Item 9B. | Other Information | 103 |
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 103 |
| Part III. | ||
| Item 10. | Directors, Executive Officers and Corporate Governance | 103 |
| Item 11. | Executive Compensation | 103 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 103 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 103 |
| Item 14. | Principal Accountant Fees and Services | 103 |
| Part IV. | ||
| Item 15. | Exhibits and Financial Statement Schedules | 104 |
| Signatures | 107 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.