Resideo Technologies, Inc. reported its financial results for the third quarter of 2025, revealing a net revenue of $1.864 billion, a 2% increase from $1.828 billion in the same period last year. The company's gross profit for the quarter was $556 million, reflecting a gross margin of 29.8%, up from 28.7% in the prior year. Operating income rose to $154 million, or 8.3% of revenue, compared to $126 million, or 6.9% of revenue, in the third quarter of 2024. The company recorded a net income of $156 million, significantly higher than the $20 million reported in the same quarter last year, resulting in earnings per share of $0.85, compared to $0.07 in the prior year.
For the nine months ending September 27, 2025, Resideo's net revenue reached $5.577 billion, a 13.7% increase from $4.903 billion in the same period of 2024. This growth was primarily driven by $446 million in revenue from the acquisition of Snap One, alongside favorable pricing and sales volume increases. However, the company reported a net loss of $663 million for the nine-month period, compared to a net income of $93 million in the previous year, largely due to a $972 million expense related to the termination of the Indemnification Agreement with Honeywell.
Strategically, Resideo announced its intention to spin off its ADI Global Distribution segment into a separate public company, a move expected to enhance operational focus and shareholder value. The company has also been investing in research and development, with expenses increasing by 91.3% year-over-year in the third quarter, reflecting a commitment to innovation and product development. The workforce has expanded to support these initiatives, contributing to a rise in operational costs.
Operationally, Resideo's Products and Solutions segment generated $661 million in revenue for the third quarter, up 2.5% from the previous year, while the ADI Global Distribution segment reported $1.203 billion in revenue, a 1.7% increase. The company serves over 150 million residential and commercial spaces globally, with a significant portion of its products manufactured in Mexico, benefiting from tariff exemptions under the USMCA. As of September 27, 2025, Resideo had approximately 149.7 million shares outstanding and a total cash balance of $345 million.
Looking ahead, Resideo anticipates continued revenue growth in the low double digits for 2025, despite challenges posed by macroeconomic conditions, including inflation and potential tariff impacts. The company remains focused on executing its strategic initiatives, including the ADI spin-off, while monitoring market dynamics closely to adapt its operations as necessary.
About RESIDEO TECHNOLOGIES, INC.
Resideo Technologies, Inc. is a global manufacturer and distributor of sensing and control products for home and commercial security, safety, comfort, and energy management. Its core offerings include HVAC controls, fire and carbon monoxide detection, security systems, and smart home solutions. Serving residential and professional markets worldwide, the company leverages innovation, proprietary brands, and extensive distribution networks to provide connected, safety-focused, and energy-efficient products.
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