Slide 1: Fourth Quarter and Full Year 2025 Earnings Summary
Trimble Inc. Fourth Quarter and Full Year 2025 Earnings Summary © 2026 Trimble, Inc - All Rights Reserved
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation
Slide 3: Today's Agenda
Today’s Agenda 01 Q4’25 and FY’25 Highlights 02 Q4’25 and FY’25 Financial Results 03 Segment Financial Results 04 FY’26 + Q1’26 Financial Outlook Rob Painter Phil Sawarynski President and Chief Chief Financial Executive Officer Officer 3
Slide 4: Financial Highlights
Financial Highlights Fourth Quarter of 2025 As-Reported As-Adjusted (2) Revenue Revenue ARR Non-GAAP EPS(1) ARR Adjusted EBITDA $970M $2,392M $1.00 As-Adjusted(2) As-Adjusted(2) As-Adjusted(2) Above high-end $970M +14% organic Above high-end $2,392M $325M of guidance +16% organic(3) Within guidance
Slide 5: Connect & Scale is an Application and Platform Strategy
Connect & Scale is an Application CONNECT & SCALE IS AN APPLICATION AND PLATFORM STRATEGY and Platform Strategy Underlying systems and processes enable scale, Best point solutions efficiency and insights in the market, increasingly offered as a subscription Go-to-market motions unlock Connect direct an
Slide 6: Trimble Model Transformation
Trimble Model Transformation OUR STRATEGY IS COMPOUNDING FINANCIAL RETURNS KEY STATISTICS Since 2020: 2020 2025 ARR $1.3B $2.4B 23 Divestitures Revenue $3.2B $3.6B Recurring revenue % of total 40% 65% 13 Acquisitions SW/services/recurring % of revenue 58% 79% Non-GAAP gross margin % 59% 72% ≈+14% Or
Slide 7: AECO at a Glance
AECO at a Glance AECO AT A GLANCE AECO is a scaled $1.2B+ ARR business, operating above Rule of 40 2025 REVENUE BY BUSINESS TYPE 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE 3% ≈1% ≈15% ≈15% 9% Rest of the World ≈4% Perpetual Software Architecture Asia Pacific Professional Services Owners ≈25% 26%
Slide 8: AECO Selected Highlights
AECO Selected Highlights AECO AT A GLANCE 2025isRepresented AECO a scaled $1.2B+a ARR yearbusiness, of progression operating above Rule of 40 ≈110% 4.7M projects in >70% of ACV Trimble Connect 1.1M Sketchup paid bookings with Net Retention customers (LTM, Core Commercial Customers) (1) (up 18% Y:Y)
Slide 9: Field Systems at a Glance
Field Systems at a Glance Field Systems is a highly differentiated, high margin business leveraging Trimble’s unique capabilities 2025 REVENUE BY BUSINESS TYPE 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE 6% 1% ≈25% Advanced 13% Rest of the World 26% Professional Services Positioning / Other Asia-P
Slide 10: Transportation & Logistics at a Glance
Transportation & Logistics at a Glance T&L is a recurring revenue, geographically diverse business with significant cross-sell and expansion opportunity 2025 REVENUE BY BUSINESS (1) 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE ≈10% 2% 1% 6% 2% Forestry/Other Asia-Pacific Rest of World Professional S
Slide 11: Q4'25 and FY'25 Summary
Q4'25 and FY’25 Summary Highlights / Drivers ● Q4’25 organic revenue and ARR FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) growth were ahead of expectations, driven by strong ($M) Q4’25 YoY FY’25 YoY software and recurring revenue growth +16% organic Revenue $970 $3,565 +10% organic (+9% ex Jan 1
Slide 12: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Full Year Cash Flow Balance Sheet ($M) 2025 2024 ($M) Q4’25 Actual Operating Cash Flow $386 $531 Cash and Equivalents $253 Capital Expenditures $25 $34 Total Debt $1,392 (2) Free Cash Flow $361 $498 Net Debt $1,139 TTM As-Adjusted EBITDA(1) $1,046 2025 operating and free
Slide 13: AECO
AECO (Architects, Engineers, Construction, Owners) Highlights / Drivers FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY ● Revenue, ARR, and operating margin ahead of expectations +32% organic Revenue $454 $1,499 +16% organic ● +16% organic ARR growth; strong (+15% ex Jan 1)
Slide 14: Field Systems
Field Systems Highlights / Drivers FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY ● Revenue continued to outperform, driven by strong growth in Civil Construction and growth in Revenue $379 +4% organic $1,539 +5% organic Geospatial, driven by demand in road construction, s
Slide 15: Transportation & Logistics
Transportation & Logistics Highlights / Drivers FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY ● As-adjusted results exclude Mobility which was divested on February 8, 2025 Revenue $136 +4% organic $527 +5% organic ● 7% organic ARR growth; Maps, ARR $508 +7% organic $508 +
Slide 16: Full Year 2026 Outlook
Full Year 2026 Outlook FY'26 Outlook Notes FY’26 ● Strong organic growth expected to continue in FY26 with continued progression towards Organic ARR Growth +12% to +14% $3B ARR, $4B revenue, 30% EBITDA margins by 2027 Revenue $3.81 to $3.91B ● Operating margins driven by continued Total Growth +6% t
Slide 17: Full Year 2026 Segment Details
Full Year 2026 Segment Details FY'26 Segment Details and Outlook(1) AECO FIELD SYSTEMS T&L ≈$1.7B ≈$1.59B ≈$565M Revenue (FY’25=$1.5B) (FY’25=$1.54B) (FY’25=$527M)(1) Organic revenue growth Y/Y % +Low/mid-teens % +LSD/MSD % +MSD % Organic ARR growth Y/Y % +Mid-teens % +Low/mid-teens % +HSD % Operati
Slide 18: Q1'26 Outlook
Q1'26 Outlook Q1’26 Outlook Notes ● Net interest expense ≈$19M Q1’26 +12% to +14% ● Avg. share count of 239M Organic ARR Growth (as-adjusted)(1) ● Tax rate of 17.5% Revenue $893M to $918M Total Growth 6% to 9% 7% to 10% Organic Growth (as-adjusted)(1) Non-GAAP Operating Margin 24.5% to 25.3% Adj. EB
Slide 19: Appendix & Reconciliations
Appendix & Reconciliations © 2026 Trimble, Inc - All Rights Reserved
Slide 20: Historical segment financials (as-reported)
Historical segment financials (as-reported) Revenue ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $414 $1,359 $335 $350 $358 $454 $1,499 Field Systems 480 541 495 452 1,968 419 379 375 363 1,536 359 393
Slide 21: Historical revenue growth metrics (as-reported)
Historical revenue growth metrics (as-reported) AECO Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 43% 22% 0% 16% 17% 8% 10% Acquisitions 5% 6% 4% 1% 4% 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% Divestitures 0% -1% -1% -1% -1% -
Slide 22: Historical ARR growth metrics (as-reported)
Historical ARR growth metrics (as-reported) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 Field Systems 273 283 290 289 304 308 328 341 358 358 386 409 Transportation & Logistics
Slide 23: Historical segment financials (as-adjusted)
Historical segment financials (as-adjusted) Agriculture ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue $146 $134 $119 $110 $508 $85 NA NA NA $85 NA NA NA NA $0 Operating Income 56 42 40 33 171 8 NA NA NA 8 NA NA NA NA 0 Operating Margin 38.3%
Slide 24: Historical segment financials (as-adjusted)
Historical segment financials (as-adjusted) Revenue (as-adjusted) ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $338 $1,283 $335 $350 $358 $454 $1,499 Field Systems 334 407 376 342 1,460 334 379 375 359
Slide 25: Historical revenue growth metrics (as-adjusted)
Historical revenue growth metrics (as-adjusted) AECO (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 17% 16% 0% 16% 17% 32% 16% Acquisitions 5% 6% 4% 1% 4% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Divestitures -1% -
Slide 26: Historical ARR growth metrics (as-adjusted)
Historical ARR growth metrics (as-adjusted) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 Field Systems 255 266 274 281 288 308 328 341 358 358 386 409 Transportation & Logistics
Slide 27: As-adjusted reconciliation
As-adjusted reconciliation $ in MMs Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue, As-Reported $915 $994 $957 $932 $3,799 $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 Less: Agriculture (146) (134) (119) (110) (508) (85) NA NA NA (85) NA NA