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Garmin Reports Record $7.25 Billion Revenue in 2025 as Fitness Tech Boom Accelerates

May 19, 2026
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Garmin is defying the cycling slowdown with record 2025 revenue and a fitness-led surge, powered by booming demand for wearables and performance devices. With profits up and CEO Cliff Pemble promising more launches, the momentum looks set to continue.

​While much of the cycling industry continues to stabilize after several turbulent seasons, the fitness technology sector is moving in the opposite direction. Garmin has reported record consolidated revenue of $7.25 billion for 2025, marking a 15 per cent increase from $6.29 billion in 2024.

​Garmin’s fitness segment led the growth. Fourth-quarter fitness revenue rose 42 per cent to $766 million, while full-year segment revenue climbed 33 per cent to $2.36 billion.

​The company attributed the surge primarily to sustained demand for wearables, including smartwatches and performance-focused devices.

​The US-based GPS and wearable technology company also posted an 18 per cent rise in net income, climbing from $1.7 billion to $2 billion year-on-year.

​CEO Cliff Pemble said the company plans to “build on this momentum” with further product launches throughout the year.

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