rezi-20260704

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 4, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _____

Commission File Number 001-38635

Resideo Technologies, Inc.

(Exact name of registrant as specified in its charter)


Delaware						82-5318796
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

16100 N. 71st Street, Suite 450 Scottsdale, Arizona						85254
(Address of principal executive offices)						(Zip Code)

(480) 573-5340
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading Symbol:

Name of each exchange on which registered:

Common Stock, $0.001 Par Value

REZI

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares outstanding of the registrant’s common stock, par value $0.001 per share, as of August 5, 2026 was 151,847,378 shares.


Part I - Financial Information
Item 1.	Unaudited Condensed Consolidated Financial Statements.	3
	Unaudited Condensed Consolidated Balance Sheets as of July 4, 2026 and December 31, 2025.	3
	Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended July 4, 2026 and June 28, 2025.	4
	Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended July 4, 2026 and June 28, 2025.	5
	Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended July 4, 2026 and June 28, 2025.	6
	Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended July 4, 2026 and June 28, 2025.	7
	Notes to the Unaudited Condensed Consolidated Financial Statements.	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	23
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	37
Item 4.	Controls and Procedures.	38
Part II - Other Information
Item 1.	Legal Proceedings.	39
Item 1A.	Risk Factors.	39
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	39
Item 5.	Other Information.	39
Item 6.	Exhibits.	40
Signatures		41

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Part I. Financial Information

Item 1. Financial Statements.

Resideo Technologies, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)


(in millions, except par value)	July 4, 2026		December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	549	$	661
Restricted cash	400		—
Accounts receivable, net	1,214		1,073
Inventories, net	1,392		1,354
Other current assets	270		270

Total current assets	3,825		3,358

Property, plant and equipment, net	445		447
Goodwill	3,088		3,100
Intangible assets, net	1,049		1,091
Other assets	374		437

Total assets	$	8,781	$	8,433

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	1,116	$	1,131

Accrued liabilities	605		624


Total current liabilities	1,721		1,755

Long-term debt	3,560		3,167

Other long-term liabilities	494		594

Total liabilities	5,775		5,516

COMMITMENTS AND CONTINGENCIES (Note 14)

Stockholders’ equity:

Preferred stock, $0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding, and $500 liquidation preference at July 4, 2026 and December 31, 2025	482		482
Common stock, $0.001 par value: 700 shares authorized, 160 and 152 shares issued and outstanding at July 4, 2026, respectively, and 158 and 150 shares issued and outstanding at December 31, 2025, respectively	—		—
Additional paid-in capital	2,424		2,391
Retained earnings	463		345
Accumulated other comprehensive loss	(186)		(157)
Treasury stock at cost	(177)		(144)
Total stockholders’ equity	3,006		2,917
Total liabilities and stockholders’ equity	$	8,781	$	8,433

Refer to accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

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Resideo Technologies, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)


	Three Months Ended				Six Months Ended
(in millions, except per share data)	July 4, 2026		June 28, 2025		July 4, 2026		June 28, 2025
Revenue	$	1,981	$	1,943	$	3,893	$	3,713
Cost of goods sold	1,386		1,374		2,747		2,633
Gross profit	595		569		1,146		1,080
Operating expenses:
Research and development expenses	48		41		96		76
Selling, general and administrative expenses	332		319		672		625
Intangible asset amortization	31		30		62		60
Restructuring expenses	22		2		28		6
Business separation costs	31		—		55		—
Total operating expenses	464		392		913		767
Income from operations	131		177		233		313
Indemnification Agreement expense	—		882		—		972
Other (income) expense, net	(81)		9		(81)		15
Interest expense, net	46		24		93		49
Net income (loss) before taxes	166		(738)		221		(723)
Provision for income taxes	69		87		86		96


Net income (loss)	97		(825)		135		(819)
Less: preferred stock dividends	8		8		17		17