FINHUB Insights

GRMN · Q3 FY25 · Sep 27, 2025

Garmin Q3 FY25: where the revenue came from and where it went

Garmin Q3 FY25: revenue $1.8B (+12% year over year). Net profit $0.4B. Largest cohort Transferred At Point in Time $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 27, 2025
Reported
Oct 29, 2025 10-Q
Sankey diagram of Garmin's income statement for Q3 FY25: revenue of $1.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.8B +12% year over year
Gross profit$1B 59% margin
Operating profit$0.5B 26% margin
Net profit$0.4B 23% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 27, 2025).
ItemValueShare of revenueYear over year
Revenue 1.8 100% +12%
Transferred At Point in Time 1.7 94% +13%
Transferred Over Time 0.1 6% −4%
Cost of revenue−0.739%
Gross profit159% margin−1pp
Research & development−0.316%+0pp
SG&A−0.317%+0pp
Operating profit0.526% margin−2pp
Tax−0.2
Net profit0.423%−2pp
Filing on EDGAR More quarters of GRMN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters