WESTMINSTER, CO, May 8, 2025 – Trimble has announced its Q1 FY25 results, reporting $840.6M in revenue – a 14.5% decrease from $983M in Q4 FY24 – with a profit of $66.7M.
First Quarter Financial Highlights
- Revenue of $840.6 million, down 12 percent on a year-over-year basis, up 2 percent on an organic basis
- Annualized recurring revenue (ARR) was $2.18 billion, up 7 percent year-over-year, up 15 percent on an organic basis
- GAAP operating income was $97.5 million, 11.6 percent of revenue and non-GAAP operating income was $198.2 million, 23.6 percent of revenue
- GAAP net income was $66.7 million and non-GAAP net income was $151.4 million
- Adjusted EBITDA was $212.1 million, 25.2 percent of revenue
“We began the year with strong momentum, delivering a first quarter record annualized recurring revenue of $2.18 billion and surpassing expectations on both top and bottom lines,” said Rob Painter, president and CEO of Trimble. “With current market uncertainties in mind, we are maintaining our full year 2025 guidance, reflecting our strong performance, durable business model and clarity of purpose.”
A detailed chart outlining the financial results is available here, providing a comprehensive breakdown of key metrics and performance indicators for better insight into the company’s financial standing.
Source: Trimble
About Trimble
Trimble Inc., established in 1978, is a technology company focused on creating tools that connect the physical and digital worlds. Based in Westminster, CO, the company serves industries such as agriculture, construction, geospatial technology, and transportation. Its products include GNSS receivers, optical devices, machine control systems, and widely used software and services. Trimble’s construction technology improves project efficiency by using data throughout each build stage. As of 2023, the company employs around 12,700 people worldwide. The company prioritizes innovation and sustainability, working to make industries more productive, safer, and environmentally friendly. Trimble has become a trusted name for improving workflows across various sectors by focusing on practical solutions and better processes.