Garmin (GRMN) r&d spend was $1.1B in FY2025 (+13% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$1.1B
+13%
2024
$994M
+10%
2023
$905M
+8%
2022
$835M
+7%
2021
$779M
+19%
2020
$652M
+8%
2019
$605M
+7%
2018
$568M
+11%
2017
$512M
+9%
2016
$468M
+10%
2015
$427M
+8%
2014
$395M
+8%
2013
$365M
+12%
2012
$326M
+9%
2011
$299M
+8%
2010
$277M
+16%
2009
$238M
+16%
2008
$206M
+29%
2007
$159M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$296M
Q4 2025
$295M
Q3 2025
$286M
Q2 2025
$277M
Q1 2025
$268M
Q4 2024
$259M
Q3 2024
$249M
Q2 2024
$243M
Q1 2024
$243M
Q4 2023
$237M
Q3 2023
$222M
Q2 2023
$224M
Source: GRMN on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.