Alarm.com Holdings, Inc. ALRM
Alarm.com is the leading platform for intelligently connected properties. Our cloud-based platform offers an expansive suite of Internet of Things, or IoT, solutions addressing global opportunities in the residential, multi-family, small business, enterprise commercial and energy markets. Alarm.com's solution suite includes security, video surveillance and video analytics, energy management, access control, electric utility grid management, active shooter detection, water management, personal safety and data-rich emergency response. During 2025, our platforms processed more than 365 billion data points generated by over 170 million connected devices. We believe this scale of subscribers, connected devices and data operations makes us the leader in the connected property market.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $939.8M | $881.7M | $842.6M | $749.0M | $618.0M | $502.4M | $420.5M | $338.9M | $261.1M |
| Cost of revenue | $342.3M | $326.1M | $325.2M | $342.6M | $305.9M | $227.4M | $183.6M | $145.7M | $116.2M | $99.4M |
| Gross profit | $668.9M | $613.7M | $556.5M | $500.0M | $443.1M | $390.6M | $318.8M | $274.8M | $222.7M | $161.7M |
| R&D | $270.2M | $255.9M | $245.1M | $218.6M | $177.7M | $152.1M | $114.4M | $89.2M | $72.8M | $44.3M |
| SG&A | $110.4M | $108.9M | $112.9M | $106.7M | $87.4M | $78.6M | $70.0M | $95.8M | $55.4M | $57.9M |
| Total operating expenses | $535.3M | $505.1M | $489.7M | $448.9M | $381.5M | $334.3M | $268.4M | $262.6M | $189.4M | $147.7M |
| Operating income | $133.6M | $108.5M | $66.8M | $51.0M | $61.6M | $56.3M | $50.4M | $12.2M | $33.4M | $14.1M |
| Interest expense | $17.3M | $11.4M | $3.4M | $3.1M | — | — | — | — | — | — |
| Pre-tax income | $166.6M | $141.7M | $97.8M | $56.6M | $46.1M | $80.2M | $58.9M | $11.7M | $32.2M | $14.4M |
| Income tax | $37.6M | $19.3M | $17.5M | $962.0K | $5.1M | $3.5M | $5.6M | $9.8M | $3.0M | $4.2M |
| Net income | $131.6M | $122.5M | $80.3M | $55.6M | $51.2M | $76.7M | $53.3M | $21.5M | $29.3M | $10.2M |
| EPS, basic | 2.66 | 2.50 | 1.63 | 1.13 | 1.05 | 1.59 | 1.11 | 0.45 | 0.63 | 0.22 |
| EPS, diluted | 2.46 | 2.29 | 1.53 | 1.07 | 1.01 | 1.53 | 1.06 | 0.43 | 0.59 | 0.21 |
| Shares, diluted (wtd. avg.) | $58.9M | $58.0M | $54.6M | $54.9M | $51.9M | $51.0M | $50.3M | $49.7M | $49.2M | $47.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $960.6M | $1.22B | $697.0M | $622.9M | $710.6M | $253.5M | $119.6M | $146.1M | $96.3M | $140.6M |
| Receivables | $141.9M | $126.1M | $130.6M | $124.3M | $105.5M | $83.3M | $76.4M | $49.5M | $40.6M | $29.8M |
| Inventory | $94.4M | $87.4M | $96.1M | $115.6M | $75.3M | $44.3M | $34.2M | $23.0M | $14.2M | $10.5M |
| Total current assets | $1.27B | $1.48B | $956.8M | $891.1M | $917.6M | $397.4M | $243.7M | $228.1M | $163.9M | $190.2M |
| Property, plant and equipment | $64.8M | $63.2M | $54.2M | $57.2M | $41.7M | $44.8M | $38.5M | $27.8M | $23.5M | $20.2M |
| Goodwill | $225.0M | $154.2M | $154.5M | $148.2M | $112.9M | $112.8M | $105.0M | $63.6M | $63.6M | $24.7M |
| Other intangibles | $99.4M | $63.2M | $78.6M | $82.5M | $91.4M | $103.3M | $103.4M | $79.1M | $94.3M | $4.6M |
| Total assets | $2.14B | $2.04B | $1.44B | $1.33B | $1.23B | $731.7M | $557.8M | $441.0M | $371.6M | $261.2M |
| Accounts payable | $22.2M | $65.6M | $39.0M | $53.1M | $64.8M | $38.2M | $32.9M | $20.2M | $17.0M | $18.3M |
| Total current liabilities | $663.1M | $188.8M | $175.3M | $164.9M | $129.3M | $90.2M | $75.8M | $75.3M | $44.5M | $39.7M |
| Long-term debt | — | — | — | — | — | $110.0M | $63.0M | $67.0M | $71.0M | $6.7M |
| Total liabilities | $1.25B | $1.27B | $714.7M | $706.5M | $606.0M | $253.2M | $190.9M | $163.4M | $138.8M | $70.0M |
| Retained earnings | $522.9M | $390.3M | $266.2M | $185.1M | $118.8M | $66.6M | -$10.5M | -$64.0M | -$88.7M | -$117.9M |
| Total equity | $848.2M | $726.5M | $688.5M | $598.9M | $613.2M | $467.8M | $355.7M | $277.6M | $232.8M | $191.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $153.3M | $206.4M | $136.0M | $56.9M | $103.2M | $102.1M | $47.1M | $60.7M | $57.2M | $22.6M |
| Depreciation and amortisation | $11.2M | $10.3M | $11.2M | $11.6M | $10.4M | $8.3M | $5.9M | $5.7M | $5.4M | $4.7M |
| Stock-based compensation | $33.2M | $41.2M | $47.3M | $52.7M | $38.7M | $29.2M | $20.6M | $13.4M | $7.4M | $4.0M |
| Capital expenditure | $16.3M | $10.1M | $7.5M | $28.6M | $11.1M | $16.1M | $19.3M | $11.0M | $10.5M | $9.1M |
| Investing cash flow | -$358.5M | -$24.7M | -$26.0M | -$68.3M | -$20.4M | -$20.3M | -$73.4M | -$13.4M | -$168.8M | -$11.4M |
| Financing cash flow | -$55.0M | $346.4M | -$31.9M | -$76.3M | $374.4M | $52.0M | -$130.0K | $2.4M | $67.3M | $1.1M |
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Buybacks | $41.6M | $75.0M | $27.3M | $78.8M | $0 | $5.1M | $0 | $1.0K | $9.0K | $11.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-047867.
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