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Garmin GRMN Fitness — Goodwill Adjustments
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Where this comes from
Reported directly by Garmin in its filing.
Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.
The source filing: Garmin’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 7:01 AM EST
- Fiscal year
- FY2025
- Accession
- 0001193125-26-056028
| Line item | Fitness | Outdoor | Aviation | Marine | Auto OEM | Total |
|---|---|---|---|---|---|---|
| Goodwill balance as of December 30, 2023 | $250,380 | $179,744 | $60,347 | $118,003 | — | $608,474 |
| Acquisitions | — | — | — | 12,281 | — | 12,281 |
| Foreign currency translation and other adjustments | (11,417) | (2,747) | — | (2,644) | — | (16,808) |
| Goodwill balance as of December 28, 2024 | $238,963 | $176,997 | $60,347 | $127,640 | — | $603,947 |
| Acquisitions | 117,003 | — | — | 2,539 | — | 119,542 |
| Foreign currency translation and other adjustments | 26,449 | 5,956 | — | 4,347 | — | 36,752 |
| Goodwill balance as of December 27, 2025 | $382,415 | $182,953 | $60,347 | $134,526 | — | $760,241 |
Item 8. Financial Statements and Supplementary Data
FAQ
- What is Garmin's fitness — goodwill adjustments?
- Garmin (GRMN) reported fitness — goodwill adjustments of $6.61M in Q4 2025.
- How has Garmin's fitness — goodwill adjustments changed year-over-year?
- Garmin's fitness — goodwill adjustments increased by 331.7% year-over-year, from -$2.85M to $6.61M.
- What is the long-term trend for Garmin's fitness — goodwill adjustments?
- Over 4 years (2021 to 2025), Garmin's fitness — goodwill adjustments has grown at a 12.4% compound annual growth rate (CAGR), from -$16.58M to $26.45M.
- What does fitness — goodwill adjustments mean?
- This captures non-operational changes to goodwill, such as currency translation adjustments for foreign acquisitions or final purchase price allocations. These adjustments ensure the carrying value of goodwill reflects current accounting standards and exchange rates. It helps isolate operational performance from accounting-driven balance sheet fluctuations.
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