Alarm.com Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
ALRM$65.86+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $131,628 | $122,513 | $80,340 |
| Adjustments to reconcile net income to net cash flows from operating activities: | |||
| Provision for credit losses on accounts receivable | 2,155 | 950 | 1,508 |
| Reserve for product returns | 3,071 | 3,187 | 4,399 |
| Provision for credit losses on notes receivable | 748 | 3,996 | 3 |
| Amortization and depreciation | 30,819 | 29,131 | 31,424 |
| Amortization of debt issuance costs | 6,031 | 4,796 | 3,145 |
| Amortization of operating leases | 15,381 | 13,084 | 11,484 |
| Deferred income taxes | 29,974 | (34,496) | (47,730) |
| Stock-based compensation | 33,190 | 41,242 | 47,283 |
| Distributions on investments in unconsolidated entities | 7,763 | — | — |
| Gain on from investments in unconsolidated entities | (7,748) | (127) | — |
| Other adjustments | 1,624 | 955 | 2,701 |
| Changes in operating assets and liabilities (net of business acquisitions): | |||
| Accounts receivable | (15,706) | 271 | (10,536) |
| Inventory | (5,602) | 8,558 | 20,961 |
| Other current and non-current assets | (20,964) | (2,697) | (1,338) |
| Accounts payable and other current liabilities | (46,488) | 20,133 | 4,613 |
| Deferred revenue | 256 | 3,674 | 4,553 |
| Operating lease liabilities | (9,864) | (12,467) | (13,947) |
| Other liabilities | (2,938) | 3,710 | (2,898) |
| Cash flows from operating activities | 153,330 | 206,413 | 135,965 |
| Cash flows used in investing activities: | |||
| Business acquisitions, net of cash acquired | (112,915) | — | (9,696) |
| Additions to property and equipment | (16,281) | (10,133) | (7,517) |
| Issuances of notes receivable | (25,255) | (500) | (450) |
| Capitalized software development costs | (1,307) | (1,643) | (743) |
| Receipt of payments on notes receivable | 98 | 51 | 55 |
| Proceeds from sale of investments in unconsolidated entities | 3,058 | — | — |
| Purchase of investments in unconsolidated entities | (205,880) | (11,025) | (1,700) |
| Purchases of other intangible assets | — | (1,431) | (5,915) |
| Cash flows used in investing activities | (358,482) | (24,681) | (25,966) |
| Cash flows (used in) / from financing activities: | |||
| Proceeds from issuance of convertible senior notes | — | 500,000 | — |
| Payments of debt issuance costs | — | (14,834) | — |
| Purchases of capped calls related to convertible senior notes | — | (63,050) | — |
| Payments of deferred consideration for acquisitions | (1,741) | (7,269) | (1,672) |
| Purchases of treasury stock, including transaction costs | (41,561) | (75,000) | (27,298) |
| Purchases of redeemable noncontrolling interest | (16,179) | — | (832) |
| Payments of acquired debt | — | — | (3,040) |
| Payments of tax withholdings related to vesting of restricted stock units | — | (3,401) | (2,621) |
| Issuances of common stock from equity-based plans | 4,475 | 9,984 | 3,598 |
| Cash flows (used in) / from financing activities | (55,006) | 346,430 | (31,865) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (167) | (109) | 66 |
| Net (decrease) / increase in cash, cash equivalents and restricted cash | (260,325) | 528,053 | 78,200 |
| Cash, cash equivalents and restricted cash at beginning of the period | 1,229,132 | 701,079 | 622,879 |
| Cash, cash equivalents and restricted cash at end of the period | $968,807 | $1,229,132 | $701,079 |
Consolidated Statements of Cash Flows — (Continued)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $960,584 | $1,220,701 | $696,983 |
| Restricted cash included in other current assets and other assets | 8,223 | 8,431 | 4,096 |
| Total cash, cash equivalents and restricted cash | $968,807 | $1,229,132 | $701,079 |
| Supplemental disclosures: | |||
| Cash paid for interest | $11,250 | $5,656 | $192 |
| Cash paid for income taxes, net of refunds | 45,387 | 68,211 | 64,577 |
| Noncash investing and financing activities: | |||
| Cash not yet paid for capital expenditures | 883 | 255 | 630 |
| Cash not yet paid for business and asset acquisitions and investments - holdback and working capital adjustments | 13,513 | 200 | 2,780 |
| Conversion of notes receivable and other assets to investments in unconsolidated entities | 7,192 | — | — |
| Contingent liability from business acquisition | 1,223 | 2,169 | 2,061 |
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