Company research
Gentherm Inc
CIK 903129Updated Sep 29, 2026
SecurityTHRM · NASDAQ · equity
Name history
AMERIGON INC · through Aug 7, 2012
THRM price & chart
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NASDAQ:THRM on TradingView ↗About the company
management and pneumatic comfort technologies Key Facts 2025 Financial Highlights Strong product portfolio with broad market application … Thermal Air Moving Pneumatic Valve Management Devices Solutions Systems 1991 $2.2B Company Founded Automotive New Business Awards Current Industries: Automotive Medical Select Target Industries: Commercial vehicles Two-wheelers Industrial Motion furniture Novi, MI $1.5B … Enabling industry leading solutions Headquarters Revenue (% of 2025 revenue) 14,000+ 11.7% Employees Adjusted EBITDA 13 0.2x 69% 13% 7% 8% 3% Countries with operations Net Leverage Climate Control Lumbar and Valve Systems Other Medical Solutions Seat, Interiors, Massage Comfort and Electronics Solutions Scaling core technology across multiple end markets to drive profitable growth Proprietary © Gentherm 3 Confident in Path to Improved Financial Performance ($M) 25A-27E CAGR THRM ~6%+ LVP ~0% 23A-25A CAGR Key Drivers THRM ~1% ~$1,700 LVP ~1% ✓ Revenue growth accelerating into 2027 $1,600 + Strong automotive launch activity $1,499 $1,469 Revenue $1,456 + Adjacent market pursuits gaining traction + New medical product entering market 12.6% Adj. EBITDA ✓ Margin expansion foundation…
In the news
Recent filings
Submission of Matters to a Vote of Security Holders · Regulation FD Disclosure · Other Events
Items 5.07, 7.01, 8.01, 9.01
4 filing
144 filing
425 filing
425 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,396,429,000Source | 1,247,556,000Source | 1,234,371,000Source | 1,239,300,000Source |
| Property, Plant and Equipment, NetUSD | 270,614,000Source | 252,970,000Source | 245,234,000Source | 244,480,000Source |
| GoodwillUSD | 108,918,000Source | 99,603,000Source | 104,073,000Source | 119,774,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 52,796,000Source | 57,251,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 160,833,000Source | 134,134,000Source | 149,673,000Source | 153,891,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 281,083,000Source | 258,112,000Source | 253,579,000Source | 247,131,000Source |
| Inventory, NetUSD | 252,702,000Source | 227,356,000Source | 205,892,000Source | 218,248,000Source |
| Assets, CurrentUSD | 776,950,000Source | 684,015,000Source | 687,564,000Source | 683,867,000Source |
| Operating Lease, Right-of-Use AssetUSD | 56,524,000Source | 43,954,000Source | 27,358,000Source | 29,945,000Source |
| Other Assets, NoncurrentUSD | 37,075,000Source | 34,722,000Source | 21,730,000Source | 17,461,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 676,106,000Source | 630,609,000Source | 589,649,000Source | 567,027,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 5,611,000Source | 2,049,000Source | 50,503,000Source | 122,658,000Source |
| Retained Earnings (Accumulated Deficit)USD | 714,086,000Source | 695,801,000Source | 624,379,000Source | 590,657,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -964,000Source | -85,193,000Source | -30,160,000Source | -46,489,000Source |
| Stockholders' Equity Attributable to ParentUSD | 720,323,000Source | 616,947,000Source | 644,722,000Source | 672,273,000Source |
| Liabilities and EquityUSD | 1,396,429,000Source | 1,247,556,000Source | 1,234,371,000Source | 1,239,300,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 404,310,000Source | 340,293,000Source | 324,953,000Source | 285,625,000Source |
| Operating Lease, Liability, CurrentUSD | 9,646,000Source | 7,517,000Source | 7,700,000Source | 7,143,000Source |
| Accounts Payable, CurrentUSD | 260,487,000Source | 226,815,000Source | 215,827,000Source | 182,225,000Source |
| Operating Lease, Liability, NoncurrentUSD | 48,105,000Source | 37,052,000Source | 16,175,000Source | 20,538,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 33,401,000Source | 26,735,000Source | 18,786,000Source | 26,873,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 73,000Source | 137,000Source | 621,000Source | 2,443,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 189,000,000Source | 220,064,000Source | 222,217,000Source | 232,653,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 18,285,000Source | 64,947,000Source | 40,343,000Source | 24,441,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 12,300,000Source | 10,432,000Source | 11,627,000Source | 6,599,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 9,300,000Source | 12,077,000Source | 4,195,000Source | 44,221,000Source |
| Increase (Decrease) in InventoriesUSD | 21,629,000Source | 34,195,000Source | -6,907,000Source | 40,322,000Source |
| Increase (Decrease) in Accounts PayableUSD | 27,563,000Source | 16,222,000Source | 31,029,000Source | 28,314,000Source |
| Deferred Income Tax Expense (Benefit)USD | -22,336,000Source | 10,580,000Source | -13,072,000Source | -7,322,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 116,791,000Source | 109,646,000Source | 119,265,000Source | 14,947,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 205,487,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -52,398,000Source | -53,531,000Source | -24,123,000Source | -239,899,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 55,673,000Source | 73,314,000Source | 37,602,000Source | 39,703,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,319,000Source | 3,296,000Source | 2,940,000Source | 5,471,000Source |
| Payments for Repurchase of Common StockUSD | 10,015,000Source | 51,585,000Source | 91,094,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -42,483,000Source | -51,705,000Source | -106,051,000Source | 189,927,000Source |
| Repayments of Long-term DebtUSD | 143,149,000Source | 70,615,000Source | 72,280,000Source | 13,272,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 26,699,000Source | -15,539,000Source | -4,218,000Source | -36,715,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 12,611,000Source | 13,007,000Source | 13,242,000Source | 6,338,000Source |
| Income Taxes Paid, NetUSD | 37,209,000Source | 20,837,000Source | 23,273,000Source | 21,645,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,789,000Source | -19,949,000Source | 6,691,000Source | -1,690,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 12,300,000Source | 10,432,000Source | 11,627,000Source | 6,599,000Source |
| DepreciationUSD | 45,792,000Source | 45,503,000Source | 42,186,000Source | 33,730,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -28,415,000Source | 9,599,000Source | -5,918,000Source | -6,778,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -2,196,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -3,025,000Source | 1,603,000Source | -721,000Source | -771,000Source |
| GoodwillUSD | 108,918,000Source | 99,603,000Source | 104,073,000Source | 119,774,000Source |
| Goodwill, Impairment LossUSD | — | — | 19,509,000Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 2,501,000Source | — | — |
| Income Tax Expense (Benefit)USD | 17,550,000Source | 37,318,000Source | 14,611,000Source | 13,941,000Source |
| Operating ExpensesUSD | 279,476,000Source | 259,416,000Source | 274,185,000Source | 225,343,000Source |
| Other Nonoperating Income (Expense)USD | -4,639,000Source | 951,000Source | -1,926,000Source | 1,147,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 112,000,000Source | 68,000,000Source | 60,000,000Source | 207,000,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 5,791,000Source | 263,000Source | 1,670,000Source |
| Restructuring CostsUSD | 12,832,000Source | 13,110,000Source | 4,885,000Source | 587,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,498,602,000Source | 1,456,124,000Source | 1,469,076,000Source | 1,204,656,000Source |
| Cost of RevenueUSD | 1,136,426,000Source | 1,089,693,000Source | 1,117,452,000Source | 931,006,000Source |
| Selling, General and Administrative ExpenseUSD | 170,045,000Source | 155,108,000Source | 155,579,000Source | 132,693,000Source |
| Operating Income (Loss)USD | 82,700,000Source | 107,015,000Source | 77,439,000Source | 48,307,000Source |
| Other Nonoperating Income (Expense)USD | -4,639,000Source | 951,000Source | -1,926,000Source | 1,147,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 35,835,000Source | 102,265,000Source | 54,954,000Source | 38,382,000Source |
| Income Tax Expense (Benefit)USD | 17,550,000Source | 37,318,000Source | 14,611,000Source | 13,941,000Source |
| Earnings Per Share, BasicUSD per share | 0.6Source | 2.08Source | 1.23Source | 0.74Source |
| Earnings Per Share, DilutedUSD per share | 0.59Source | 2.06Source | 1.22Source | 0.73Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 30,585,443Source | 31,293,113Source | 32,778,055Source | 33,126,202Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 30,932,894Source | 31,476,486Source | 33,066,917Source | 33,503,154Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 39,886,000Source | 26,738,000Source | 27,683,000Source | 21,263,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 53,379,000Source | 52,975,000Source | 50,948,000Source | 44,394,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -28,415,000Source | 9,599,000Source | -5,918,000Source | -6,778,000Source |
| Goodwill, Impairment LossUSD | — | — | 19,509,000Source | — |
| Gross ProfitUSD | 362,176,000Source | 366,431,000Source | 351,624,000Source | 273,650,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -104,058,000Source | -54,073,000Source | -37,222,000Source | -34,211,000Source |
| Interest Income (Expense), NetUSD | -13,811,000Source | -15,300,000Source | -14,641,000Source | -4,294,000Source |
| Operating ExpensesUSD | 279,476,000Source | 259,416,000Source | 274,185,000Source | 225,343,000Source |
| Research and Development ExpenseUSD | 94,759,000Source | 88,697,000Source | 94,358,000Source | 85,722,000Source |
| Restructuring CostsUSD | 12,832,000Source | 13,110,000Source | 4,885,000Source | 587,000Source |
Offerings
Registration 333-297224
Filing attachments
thrm-ex99_1.htm · 8-K · 2026-07-23
EX-99.1 2 thrm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Gentherm Reports 2026 Second Quarter Results and Announces a New Increased Stock Repurchase Authorization Revenue Growth of 9.5% (ex-FX) Year-over-Year Delivered Record Quarterly Revenue of $416 Million 2026 Full Year Guidance Raised Board Authorized New Stock Repurchase Program of up to $400 Million Strategic Medical Acquisition Broadens Product Portfolio and Expands Channel Access NOVI, Michigan, July 23, 2026 -- Gentherm (NASDA…
Read attachment ↗d52416dex991.htm · S-4 · 2026-07-02
EX-99.1 8 d52416dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 745 Seventh Avenue New York, NY 10019 United States July 2, 2026 CONSENT OF BARCLAYS CAPITAL INC. We hereby consent to (i) the inclusion of our opinion letter, dated January 29, 2026, to the Board of Directors of Gentherm Incorporated (“Gentherm”), as Annex C to the proxy statement/prospectus that forms a part of the Registration Statement on Form S-4 of Gentherm, as filed by Gentherm on July 2, 2026 (the “Registration …
Read attachment ↗thrm-ex99_1.htm · 8-K · 2026-04-23
EX-99.1 2 thrm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Gentherm Reports 2026 First Quarter Results Revenue Growth of 7.2% (ex-FX) Year-over-Year Delivered Record Quarterly Revenue of $394 Million Expanded Gross Margin versus Prior Year as Operational Initiatives Gain Traction Announced Transformational Combination with Modine Performance Technologies; On Track to Close in 2026 NOVI, Michigan, April 23, 2026 -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal managem…
Read attachment ↗thrm-ex99_1.htm · 8-K · 2026-02-19
EX-99.1 2 thrm-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Gentherm Reports 2025 Fourth Quarter and Full Year Results Achieved Record Annual Revenue of $1.5 Billion Increased Full Year Operating Cash Flow 7% Year-over-Year; Reduced Net Leverage to 0.2x Establishes 2026 Guidance; Provides Preliminary Revenue Outlook of ~$1.7B for 2027 NOVI, Michigan, February 19, 2026 -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today…
Read attachment ↗d71657dex991.htm · 8-K · 2026-01-29
EX-99.1 2 d71657dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Gentherm and Modine’s Performance Technologies Business to Combine, Establishing a Scaled Leader in Thermal Management Solutions Expands Gentherm’s portfolio with highly complementary thermal management products and engineering capabilities, creating strong commercial opportunities in attractive end markets including power generation, commercial vehicles, and heavy-duty equipment Creates a compelling and more balanced financi…
Read attachment ↗d71657dex992.htm · 8-K · 2026-01-29
EX-99.2 3 d71657dex992.htm EX-99.2 EX-99.2 Gentherm to Combine with Modine Performance Technologies Building scale in thermal management solutions January 29, 2026 Gentherm © 2026 Exhibit 99.2 Forward-Looking Statements and RMT Disclaimer Gentherm © 2026 Additional Information and Where to Find It In connection with the proposed transaction among Gentherm, Modine and SpinCo, the parties intend to file relevant materials with the SEC, including, among other filings, a registration statement…
Read attachment ↗