Trimble Inc. announced financial results for the fourth quarter and full year 2025.
Fourth Quarter 2025 Financial Highlights
- Revenue of $969.8 million, down 1 percent on a year-over-year basis, up 4 percent on an organic basis
- Annualized recurring revenue ("ARR") was $2.39 billion, up 6 percent year-over-year, up 14% on an organic basis
- GAAP operating income was $216.2 million, 22.3 percent of revenue, and non-GAAP operating income was $313.1 million, 32.3 percent of revenue
- GAAP net income was $156.6 million and non-GAAP net income was $240.8 million
- Diluted earnings per share ("EPS") was $0.65 on a GAAP basis and $1.00 on a non-GAAP basis
- Adjusted EBITDA was $324.8 million, 33.5 percent of revenue
- During the fourth quarter, Trimble repurchased approximately 1.9 million shares for $148.1 million
Executive Quote
"Our fourth quarter results surpassed expectations on both top and bottom lines, punctuating a strong close to 2025 and positioning us well to deliver on our 2027 financial targets," said Rob Painter, president and CEO of Trimble. "For the year, the Trimble team delivered record annualized recurring revenue of $2.39 billion, record fourth quarter revenue of $970 million, with record levels of gross margin and operating margin profitability. We thank all of our Trimble colleagues for their dedication and hard work in 2025, and we look forward to further executing and progressing Connect & Scale in 2026 and beyond."
Fiscal 2025 Financial Highlights
- Revenue of $3,587.3 million, down 3 percent on a year-over-year basis, up 6 percent on an organic basis
- GAAP operating income was $592.0 million, 16.5 percent of revenue, and non-GAAP operating income was $988.1 million, 27.5 percent of revenue
- GAAP net income was $424.0 million and non-GAAP net income was $756.3 million
- Diluted EPS was $1.76 on a GAAP basis, and $3.13 on a non-GAAP basis
- Adjusted EBITDA was $1,046.2 million, 29.2 percent of revenue
- During fiscal 2025, Trimble repurchased approximately 12.2 million shares for $875.4 million.
Forward-Looking Guidance
For the full-year 2026, Trimble expects to report revenue between $3,810 million and $3,910 million, GAAP earnings per share of $2.04 to $2.23, and non-GAAP earnings per share of $3.42 to $3.62. GAAP guidance assumes a tax rate of 22.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 239 million shares outstanding.
For the first quarter of 2026, Trimble expects to report revenue between $893 million and $918 million, GAAP earnings per share of $0.32 to $0.36, and non-GAAP earnings per share of $0.69 to $0.74. GAAP guidance assumes a tax rate of 25.0 percent and non-GAAP guidance assumes a tax rate of 17.5 percent. Both GAAP and non-GAAP earnings per share assume approximately 239 million shares outstanding.
A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.
Investor Conference Call / Webcast Details
Trimble will hold a conference call on February 10, 2026 at 8:00 a.m. ET to review its fourth quarter and full year 2025 results. An accompanying slide presentation will be made available on the "Investors" section of the Trimble website, https://www.trimble.com, under the subheading "Events & Presentations." The call will be broadcast live on the web at https://investor.trimble.com. Investors and participants who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/345704027?pwd=d%23tLa2%3C%3D. Upon registration, dial-in details will be sent via email to the registrant. A replay will also be available on the web at the address above.
