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Garmin GRMN Deferred contract costs

Deferred contract costs at other companies

F5, Inc. logo
F5, Inc.FFIV
$13.74M+65.4%
Assurant logo
AssurantAIZ
$68.6M-14.2%
Samsara logo
SamsaraIOT
$184.68M-14.4%
Samsara logo
SamsaraIOT
$310.5M+26.8%
Samsara logo
SamsaraIOT
$18.23M+206%
Marriott International logo
Marriott InternationalMAR
-$109M+16.8%

Other financials

Income statement

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Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

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Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

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Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

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Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:DeferredCosts.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's deferred contract costs?
Garmin (GRMN) reported deferred contract costs of $4.05M in Q1 2026.
How has Garmin's deferred contract costs changed year-over-year?
Garmin's deferred contract costs decreased by 30.0% year-over-year, from $5.78M to $4.05M.
What is the long-term trend for Garmin's deferred contract costs?
Over 5 years (2020 to 2025), Garmin's deferred contract costs has grown at a -23.3% compound annual growth rate (CAGR), from $16.51M to $4.37M.
What does deferred contract costs mean?
Costs related to long-term contracts that are spread out over several years.
How do you interpret deferred contract costs?
An increase suggests growth in long-term service or subscription-based business models.
How does deferred contract costs compare across companies?
Increasingly common in companies transitioning from one-time hardware sales to recurring service models.