Alarm.com Holdings (ALRM) FY2025 results: revenue $1.0 billion, up 7.6% on the year
Alarm.com Holdings, Inc. (ALRM) reported revenue of $1.0 billion for fiscal 2025, the year ended 31 December 2025, up 7.6% on the year before. Net income was $133 million, up 6.8%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.
Revenue
$1.0 billion
+7.6% on the year
FY2018FY2025
Operating margin
13.2%
11.5% a year earlier
FY2018FY2025
Net income
$133 million
+6.8% on the year
FY2018FY2025
Diluted EPS
$2.46
+7.4% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 8 new.
Subscription revenue grew in quarter: SaaS and license revenue rose 8.8% to $180.2 million in the fourth quarter, from $165.7 million. Full-year SaaS and license revenue was $689.4 million, up 9.2%.
Full-year adjusted EBITDA up 16.9%: Non-GAAP adjusted EBITDA rose to $206.0 million for 2025. The fourth-quarter figure was $54.9 million, against $46.4 million a year earlier.
Commercial video devices passed 2 million: Alarm.com for Business and OpenEye reported more than 2 million active video cameras and devices in 2025, across small, medium and enterprise commercial customers.
Operating income rose for the year: Operating income was $133.6 million for 2025, up from $108.5 million, and $34.9 million in the fourth quarter, against $30.9 million.
Operating cash flow fell for the year: Cash flows from operations were $153.3 million for 2025, against $206.4 million. Non-GAAP free cash flow was $137.0 million, against $196.3 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
153
206
136
-25.7%
Capital expenditure
16.3
10.1
7.5
+60.7%
Free cash flow
137
196
128
-30.2%
Free cash flow margin
13.6%
20.9%
14.6%
Cash from investing
-358
-24.7
-26.0
Cash from financing
-55.0
346
-31.9
Depreciation and amortisation
30.8
29.1
31.4
+5.8%
Share-based compensation
33.2
41.2
47.3
-19.5%
Buybacks
41.6
75.0
27.3
-44.6%
Diluted shares, weighted
59m
58m
55m
+1.6%
Shares outstanding at period end
50m
50m
50m
+0.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
848
727
689
+16.7%
Redeemable equity
42.8
44.7
36.3
-4.2%
Debt
990
983
494
+0.6%
Operating lease liabilities
67.6
65.5
20.5
+3.2%
Other liabilities
188
218
201
-13.5%
Total liabilities and equity
2,137
2,038
1,440
+4.8%
Fixed assets
64.8
63.2
54.2
+2.5%
Goodwill
225
154
154
+45.9%
Intangible assets
99.4
63.2
78.6
+57.3%
Investments
227
17.2
n/a
+1,221.7%
Cash and equivalents
961
1,221
697
-21.3%
Receivables
142
126
131
+12.5%
Inventory
94.4
87.4
96.1
+8.0%
Other assets
324
306
229
+5.7%
Total assets
2,137
2,038
1,440
+4.8%
10-K for the year ended 31 December 2025, filed 19 February 2026: the filing.