grmn: the income statement

MyFinsight

For the quarter ending 2025-09-27, GRMN made $1,770,901K in revenue. $401,615K in net income. Net profit margin of 22.68%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-27	2025-06-28	2025-03-29	2024-09-28
Net sales	1,770,901	1,814,564	1,535,099	1,586,022
Cost of goods sold	724,414	747,552	650,554	634,423
Gross profit	1,046,487	1,067,012	884,545	951,599
Research and development expense	286,464	276,663	268,120	249,162
Selling, general and administrative expenses	303,220	318,054	283,601	264,962
Total operating expense	589,684	594,717	551,721	514,124
Operating income	456,803	472,295	332,824	437,475
Interest income	32,085	31,724	30,507	28,830
Foreign currency gains	20,334	-23,512	24,760	18,131
Other income	598	-256	987	1,814
Total other income (expense)	53,017	7,956	56,254	48,775
Income before income taxes	509,820	480,251	389,078	486,250
Income tax provision	108,205	79,429	56,309	87,139
Net income	401,615	400,822	332,769	399,111

Basic	2.09	2.08	1.73	2.08
Diluted	193,533,000	193,416,000	193,717,000	193,171,000
Earnings per share, diluted, total	2.08	2.07	1.72	2.07
Weighted average number of shares outstanding, basic, total	192,464,000	192,523,000	192,544,000	192,201,000