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Garmin (GRMN) Cost of Revenue (2017 - 2025)

Garmin's Cost of Revenue history spans 15 years, with the latest figure at $866.7 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 16.71% year-over-year to $866.7 million; the TTM value through Dec 2025 reached $3.0 billion, up 14.95%, while the annual FY2025 figure was $3.0 billion, 14.95% up from the prior year.
  • Cost of Revenue for Q4 2025 was $866.7 million at Garmin, up from $724.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $866.7 million in Q4 2025 and bottomed at $430.8 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $570.4 million (2022), against an average of $597.9 million.
  • The largest annual shift saw Cost of Revenue soared 54.06% in 2021 before it fell 9.38% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $619.5 million in 2021, then fell by 9.38% to $561.4 million in 2022, then rose by 10.15% to $618.4 million in 2023, then grew by 20.1% to $742.6 million in 2024, then rose by 16.71% to $866.7 million in 2025.
  • Per Business Quant, the three most recent readings for GRMN's Cost of Revenue are $866.7 million (Q4 2025), $724.4 million (Q3 2025), and $747.6 million (Q2 2025).