The strong adjusted results and upward guidance suggest underlying business momentum. Traders should monitor whether the market focuses on the headline GAAP loss or the strong operational performance and guidance. The separation of Products Solutions and ADI Global Distribution businesses could create additional value.
Price Chart
Executive Summary
Resideo Technologies reported strong fourth quarter and full year 2025 results, with record revenue of $7.47 billion (up 11% YoY) and record Adjusted EBITDA of $833 million (up 20% YoY). Despite a GAAP net loss of $527 million due to a one-time $1.59 billion payment to terminate an indemnification agreement with Honeywell, the company delivered solid operational performance and issued 2026 guidance above prior-year levels.
Key Financial Metrics
Key Facts
- Full year 2025 revenue was $7.47 billion, up 11% year-over-year
- Fourth quarter revenue was $1.895 billion, up 2% YoY
- Full year GAAP net loss was $527 million due to a one-time $1.59 billion indemnification termination payment
- Record Adjusted EBITDA of $833 million, up 20% YoY
- Fourth quarter Adjusted EBITDA was $226 million, up 21% YoY
- 2026 revenue guidance of $7.80-$7.90 billion, representing 4.4%-5.8% growth
Financial Impact
Revenue growth of 11% and Adjusted EBITDA growth of 20% in 2025, with 2026 guidance indicating continued growth. The one-time $1.59 billion payment significantly impacted GAAP net income but was excluded from adjusted metrics.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Products and Solutions | $2.7B | +5.0% |
| ADI Global Distribution | $4.8B | +14.0% |
Risk Factors
- The one-time $1.59 billion payment significantly strained cash flow, with full-year operating cash flow negative at $1.137 billion
- The indemnification agreement termination and business separation could create execution risks
- ADI Global Distribution segment revenue declined 1% YoY in Q4 despite margin expansion
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001740332-26-000003 |
| Document: 0001740332-26-000003-index.html | 0001740332-26-000003 |
| Document: 0001740332-26-000003.txt | 0001740332-26-000003 |
| CONTEXT: Previous Earnings (2026-02-24) | 0001740332-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Press Release | $17.48 | awaiting T+1 | — | $17.94 (+2.62%) |
Oct 8, 2026 18d ago | SC 13G/A | $17.20 $17.07 | ▲ +0.76% | ▲ +1.36% | $17.94 (−4.29%) |
Sep 3, 2026 7w ago | 3 | $19.53 $19.88 | ▲ +1.79% | ▲ +2.18% | $17.94 (−8.15%) |
Aug 18, 2026 9w ago | Insider Cluster | $21.02 $21.54 | ▲ +2.47% | ▲ +2.26% | $17.94 (−14.66%) |
Aug 17, 2026 10w ago | Insider Cluster | $20.64 $21.02 | ▲ +1.84% | ▲ +2.52% | $17.94 (−13.09%) |
Aug 12, 2026 10w ago | 8-K | $20.46 $20.50 | ▲ +0.20% | ▲ +0.39% | $17.94 (−12.33%) |
Aug 7, 2026 11w ago | S-3ASR | $24.21 $24.24 | ▲ +0.12% | ▲ +0.44% | $17.94 (−25.91%) |
Aug 4, 2026 11w ago | 8-K | $26.17 $26.24 | ▲ +0.27% | ▲ +0.47% | $17.94 (−31.46%) |
Jul 13, 2026 15w ago | 8-K | $35.40 $36.86 | ▲ +4.12% | ▲ +3.77% | $17.94 (−49.33%) |
Jun 24, 2026 17w ago | 8-K | $32.34 $30.96 | ▼ −4.27% | ▼ −3.54% | $17.94 (−44.53%) |
US Market Status
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