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Software - Application · Technology · Fiscal year ends Dec 31
Alarm.com reported revenue of $1B in the fiscal year ended Dec 2025, up 7.6% from the year before. Operating income was $134M, an operating margin of 13.2%, and net income was $132M. Operating cash flow of $153M less capital expenditure of $16M left free cash flow of $137M. It held more cash than debt (net cash $471M).
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 749 | 843 | 882 | 940 | 1,011 |
| Cost of revenue | 306 | 343 | 325 | 326 | 342 |
| Gross profit | 443 | 500 | 557 | 614 | 669 |
| Research & development | 178 | 219 | 245 | 256 | 270 |
| Selling, general & admin | 174 | 199 | 213 | 220 | 234 |
| Operating income | 61.6 | 51.0 | 66.8 | 109 | 134 |
| Interest expense | – | 3.1 | 3.4 | 11.4 | 17.3 |
| Pre-tax income | 46.1 | 56.6 | 97.8 | 142 | 167 |
| Income tax | −5.1 | 1.0 | 17.5 | 19.3 | 37.6 |
| Net income | 51.2 | 55.6 | 80.3 | 123 | 132 |
| Diluted EPS | 1.01 | 1.07 | 1.53 | 2.29 | 2.46 |
| Diluted shares | 51.9 | 54.9 | 54.6 | 58.0 | 58.9 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 711 | 622 | 697 | 1,221 | 961 |
| Receivables | 106 | 124 | 131 | 126 | 142 |
| Inventory | 75.3 | 116 | 96.1 | 87.4 | 94.4 |
| Current assets | 918 | 891 | 957 | 1,482 | 1,273 |
| Net PP&E | 41.7 | 57.2 | 54.2 | 63.2 | 64.8 |
| Goodwill | 113 | 148 | 154 | 154 | 225 |
| Total assets | 1,232 | 1,329 | 1,440 | 2,038 | 2,137 |
| Payables | 64.8 | 53.1 | 39.0 | 65.6 | 22.2 |
| Deferred revenue | 5.7 | 7.5 | 10.2 | 12.9 | 16.4 |
| Current liabilities | 129 | 165 | 175 | 189 | 663 |
| Long-term debt | 425 | 490 | 494 | 983 | 490 |
| Total liabilities | 606 | 707 | 715 | 1,267 | 1,246 |
| Shareholders' equity | 613 | 599 | 689 | 727 | 848 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 103 | 56.9 | 136 | 206 | 153 |
| Capital expenditure | 11.1 | 28.6 | 7.5 | 10.1 | 16.3 |
| Free cash flow | 92.1 | 28.3 | 128 | 196 | 137 |
| Depreciation & amortisation | 29.7 | 30.9 | 31.4 | 29.1 | 30.8 |
| Stock-based compensation | 38.7 | 52.7 | 47.3 | 41.2 | 33.2 |
| Acquisitions | 0.0 | 31.7 | 9.7 | 0.0 | 113 |
| Share buybacks | 0.0 | 78.8 | 27.3 | 75.0 | 41.6 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.5% | 4.6% | 6.6% | 7.6% |
| Operating income growth (YoY) | – | −17.1% | 30.9% | 62.4% | 23.1% |
| EPS growth (YoY) | – | 5.9% | 43.0% | 49.7% | 7.4% |
| Gross margin | 59.2% | 59.3% | 63.1% | 65.3% | 66.1% |
| Operating margin | 8.2% | 6.1% | 7.6% | 11.5% | 13.2% |
| Net margin | 6.8% | 6.6% | 9.1% | 13.0% | 13.0% |
| Return on equityBlank when equity is negative | 8.3% | 9.3% | 11.7% | 16.9% | 15.5% |
| ROCEEBIT ÷ (assets − current liabilities) | 5.6% | 4.4% | 5.3% | 5.9% | 9.1% |
| Free cash flow margin | 12.3% | 3.4% | 14.6% | 20.9% | 13.6% |
| Cash conversion (CFO ÷ net income) | 2.02x | 1.02x | 1.69x | 1.68x | 1.16x |
| Receivable days | 51 | 54 | 54 | 49 | 51 |
| Inventory days | 90 | 123 | 108 | 98 | 101 |
| Payable days | 77 | 57 | 44 | 73 | 24 |
| Interest cover | – | 16.2x | 19.5x | 9.50x | 7.73x |
| Debt ÷ equity | 0.69x | 0.82x | 0.72x | 1.35x | 0.58x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −285 | −132 | −203 | −237 | −471 |
| Current ratio | 7.09x | 5.40x | 5.46x | 7.85x | 1.92x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.