tickdelta
tickdelta
Sign in

Tickdelta is free for now. Sign up and get Pro free

← Screener

Technology · Measuring Instruments · Nasdaq

TRMBTrimble Inc.

TRMB quote by TradingView
Compare with peers → Embed
The 10-K against last year's

144 changes: 24 added, 23 removed, 93 reworded, 4 quiet changes

10-K Feb 25, 2026 vs Apr 25, 2025
Risk FactorsRedline ↓
21.4%
of the text changed · 10,839 words now
MD&ARedline ↓
25.4%
of the text changed · 5,948 words now
Accounting PoliciesRedline ↓
12.9%
of the text changed · 3,710 words now

10-K 0000864749-26-000015 (2026-02-25) vs 10-K 0000864749-25-000090 (2025-04-25) Not compared: Legal Proceedings.

The redline

The paragraph that changed most in each section

Marked against last year's 10-K: cut words struck through, new words highlighted and underlined.

Risk Factors 162 words changed in this paragraph; it is 38% similar to last year's version.
Data privacy and data security laws and regulations may lack clarity and depend on regulators implementing further rules and guidance, which are often significantly delayed. Some countries are considering or have passed legislation that requires local storage and processing of data, including geospatial data, which could impact our ability to deliver cloud-based solutions in an efficient manner. International transfers of personal data present ongoing compliance challenges and complicate our business transactions and operations. In addition, the California Consumer Privacy Rights Act, as amended, gives California residents expanded rights to access and delete their personal information, opt out of certain personal information sharing, and receive detailed information about how their personal information is used. Other U.S. states and the U.S. Congress have introduced, and a number of states have enacted, data privacy legislation, which may impact our business. Such legislation, amendments, Amendments and revisions to existing data privacy legislation, and other developments impacting data privacy and data protection may contain unclear and conflicting requirements, and may require us to modify our data processing practices and policies, increase the complexity of providing our products and services, services and cause us to incur substantial costs in an effort to comply. Failure to comply may lead to significant fines and business interruption. with these data privacy

Source: Item 1A, 10-K 0000864749-26-000015 vs Item 1A, 10-K 0000864749-25-000090

Accounting Policies 140 words changed in this paragraph; it is 31% similar to last year's version.
In December 2023, July 2025, the FASB issued ASU 2023-09, Income Taxes 2025-05, Credit Losses (Topic 740): Improvements to Income Tax Disclosures. 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU updates allows a practical expedient election to simplify the annual income tax disclosures expected credit loss estimation for short-term accounts receivable and contract assets by requiring (i) specific categories and greater disaggregation assuming conditions as of information in the rate reconciliation, (ii) income taxes paid disaggregated by taxing authority and jurisdiction, and (iii) disclosures balance sheet date do not change for the remaining life of pretax income (or loss) and income tax expense (or benefit). Additionally, certain existing disclosure requirements are removed. the asset. The ASU is effective for our Annual Report on Form 10-K interim and annual reports beginning in 2025 and is applied prospectively. Early 2026 on a prospective basis, with early adoption and retrospective application are permitted. We are currently evaluating the impact of do not expect material changes from adopting this ASU on our financial reporting disclosures. ASU.

Source: Item 8, Note 1 – DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES, 10-K 0000864749-26-000015 vs Item 8, Note 1 – DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES, 10-K 0000864749-25-000090

MD&A 100 words changed in this paragraph; it is 38% similar to last year's version.
In the second quarter of 2024, we completed the Ag divestiture and received $1.9 billion of cash proceeds, subject to working capital adjustments. Approximately half of the proceeds were used in 2024 to pay down debt and make a tax payment of $122.0 million related to the divestiture transaction. The total remaining proceeds were used in 2025 to repurchase stock and pay the remaining $277.4 million final tax payment for the transaction is $367.8 million, Ag divestiture, which was made during the second quarter of which $122.0 million was paid in 2024, with the remaining amount to be paid in 2025. We used a portion of the proceeds to repay $1.0 billion of term loans and expect to use the majority of the remaining proceeds after tax to repurchase stock.

Source: Item 7, 10-K 0000864749-26-000015 vs Item 7, 10-K 0000864749-25-000090

Every change, by type

Sentences and paragraphs added, removed or reworded

Sentences and paragraphs of TRMB's Risk Factors and MD&A, 10-K 2026-02-25 against 10-K 2025-04-25. Each links to the text at sec.gov.

All 144 Added 24Removed 23Reworded 93Quiet changes 4
RemovedRisk Factors
•inadequate infrastructure and other disruptions, such as supply chain interruptions and large-scale outages or unreliable provision of services from utilities, transportation, data hosting, or telecommunications providers;

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
These disruptions had an adverse effect on our ability to meet customer demand and have resulted in delays in shipping products to customers and dealers.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
Subsequent to the filing of the 2023 Form 10-K with the SEC on February 26, 2024, management re-evaluated the effectiveness of our internal control over financial reporting. Based on this re-evaluation, we had identified additional material weaknesses related to certain information technology general controls (“ITGCs”), undue reliance on controls over IT interfaces, and the evaluation of standalone selling prices utilized in the accounting for revenue, all of which support the Company’s financial reporting processes.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
Additionally, we rely on our Americas Regional Fulfillment Center (“ARFC”) in Dayton, Ohio to support our hardware product sales in the U.S. and internationally, and we typically maintain a significant concentration of inventory at this location. Any disruption or damage to our facility, operations, or inventory at our ARFC, whether as a result of a natural disaster or other

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
catastrophic event, could significantly impair our ability to fulfill orders for our hardware products, including into Europe, which would negatively affect our results of operations.

Read it in 10-K 2025-04-25 at sec.gov ↗

Show the other 15
RemovedRisk Factors
In addition, we are committed to aligning our purpose, culture, and corporate strategy with sustainability. Any perceived change in our dedication to these commitments could harm our reputation and could adversely impact our business. Our disclosures on these matters, and standards we set for ourselves or a failure to meet these standards, may influence our reputation and the value of our brand.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
For example, we have elected to share publicly our commitments and ongoing efforts in our Sustainability Report, where we address the importance of sustainability matters to our stakeholders and our Company. Our business may face increased scrutiny related to these activities, including from the investment community, and our failure to achieve progress in these areas on a timely basis, or at all, could adversely affect our reputation, growth, business, financial condition, and results of operations.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedRisk Factors
U.S. and international regulators, investors, and other stakeholders are increasingly focused on ESG matters. New domestic and international laws and regulations relating to ESG matters, including human capital, climate change, and cybersecurity are under consideration or being adopted, which may include specific, target-driven disclosure requirements or obligations. We communicate certain sustainability-related initiatives, goals, and/or other matters in our annual Sustainability Report, on our website, in our filings with the SEC, and elsewhere. For example, in 2022, we established science-based targets for Scope 1, 2, and 3 greenhouse gas emissions, certain commitments on sourcing renewable energy, and the goal to engage 70% of our suppliers in setting their own science-based targets. Implementation of our goals and targets may require capital improvements. Our ability to achieve any stated commitment, goal, target, or objective is subject to many factors and conditions, some of which are outside of our control, including the pace of changes in technology and the cooperation and/or availability of suppliers that can meet our sustainability standards. If we fail to achieve, are perceived to have failed or been delayed in achieving, or improperly report our progress toward achieving our publicly stated goals and commitments or compliance with U.S. and international ESG laws and regulations, our business reputation and our financial condition, and results of operations may be negatively impacted.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
We are a leading provider of technology solutions that enable professionals and field mobile workers to improve or transform their work processes. Our comprehensive work process solutions are used across a range of industries including architecture, building construction, civil engineering, geospatial, survey and mapping, natural resources, utilities, transportation, and government. Our representative customers include construction owners, contractors, engineering and construction firms, surveying companies, energy and utility companies, trucking companies, and state, federal, and municipal governments. Further information on our business is presented in Part I, Item 1, “Business” of this report.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
On September 28, 2023, we executed a Sale and Contribution Agreement with AGCO that provided for the formation of a joint venture, called PTx Trimble, that operates in the mixed fleet precision agriculture market. The agreement was amended and restated on March 31, 2024, and the transaction closed on April 1, 2024. Under the terms of the agreement, we contributed our Ag business, excluding certain GNSS and guidance technologies, in exchange for $1.9 billion in cash proceeds, subject to working capital adjustments. Following the closing of this transaction, we own 15% and AGCO owns 85% of PTx Trimble. In addition to forming PTx Trimble, the parties concurrently entered into agreements that include the following: (i) long-term supply agreement for key GNSS and guidance technologies, (ii) technology transfer and license agreement, (iii) trademark license agreement, (iv) master sale and distribution agreement for positioning services, and (v) transition services agreement. Ag was reported as a part of our Field Systems segment.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
The formation of PTx Trimble is expected to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market to help farmers drive productivity, efficiency, and sustainability. Additionally, the transaction is expected to (i) simplify our Connect & Scale strategy, (ii) reduce risk of channel transition in the agriculture market, and (iii) enhance our financial profile and flexibility with a resulting higher mix of software, services, and recurring revenue.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
We repaid $1.0 billion of our variable-rate debt through use of the net proceeds and expect to use the majority of the remaining proceeds after tax to repurchase stock.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
determining whether products or services are considered distinct performance obligations that should be accounted for separately versus together may sometimes require significant judgment.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
Organic product revenue decreased due to lower Ag demand in the first quarter and higher U.S. federal government sales of Surveying hardware in the prior year.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
Non-operating income, net increased primarily due to the Ag divestiture gain and lower interest expense. These increases were partially offset by lower joint-venture profitability, including $52.7 million of our proportionate share of PTx Trimble’s goodwill impairment and a prior year foreign currency hedging gain associated with the acquisition of Transporeon that was included in Other (loss) income, net.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
additional week of subscription and term license revenue in the fourth quarter, including Structures annual term license renewals on January 1, 2025.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
Organic revenue decreased primarily due to higher U.S. federal government sales of Surveying products in the prior year, partially offset by Civil Construction and Advanced Positioning sales growth in the current year. Additionally, the decrease was due to slower Ag demand in the first quarter of 2024, before the business was divested in the second quarter of 2024.

Read it in 10-K 2025-04-25 at sec.gov ↗

RemovedMD&A
Organic revenue increased primarily driven by Transporeon, MAPS, and Enterprise subscription revenue growth, partially offset by lower Mobility sales.

Read it in 10-K 2025-04-25 at sec.gov ↗

Next Related parties →