OLATHE, Kan. (BRAIN) Garmin reported record consolidated revenue for 2025, a 15% increase over the previous year, with all segments posting full-year all-time gains. For the fourth quarter, Garmin's revenue increased 17%.For the year, revenue was $7.25 billion, compared with $6.29 billion in 2024. For the quarter, revenue was $2.12 billion, compared with $1.82 billion at the same time last year.Fitness segment sales, which includes cycling products, increased 42% in the fourth quarter, during which Garmin announced a collaboration with healthcare payments provider Truemed to help customers who want to use pre-tax HSA/FSA funds on products. Fitness sales for the quarter were $766 million; for the year; that segment's revenue increased 33% to $2.36 billion."Looking forward, we anticipate building on this momentum with many exciting new product launches throughout the year," said Cliff Pemble, president and CEO. "I am very proud of what we accomplished in 2025 and look forward to seizing the opportunities ahead."Fourth-quarter year-over-year net income increased 21%, from $435.7 million to $528.6 million, and earnings per share increased from $2.27 to $2.75. For the year, net income increased 18%, from $1.7 billion to $2 billion compared with 2024. Earnings per share for the year went up from $7.35 to $8.59.Garmin's corporate headquarters is in Olathe. Its stock is traded on the Nasdaq under the GRMN symbol. Stock quotes are available at Marketwatch.com.
