Zebra Technologies (ZBRA) 10-K Summary — Year Ended Dec 31, 2023
Zebra Technologies filed its annual report for the most recent fiscal year. The filing describes a decline in revenue and a net loss in operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Zebra Technologies filed its annual report for the most recent fiscal year. The filing describes a decline in revenue and a net loss in operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.6B
Revenue reported for the fiscal year.
Operating income
$481M
Income from operations reported for the year.
Net income
$296M
Net income reported for the year.
Operating cash flow
-$4M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5.6B | n/a |
| Dec 31, 2022 | $5.8B | +2.7% |
| Dec 31, 2023 | $4.6B | -20.7% |
Business overview
Zebra Technologies provides enterprise asset intelligence solutions, including hardware, software, and services that help organizations track, manage, and optimize their physical assets. The company operates in a single reportable segment and serves customers across retail, transportation, logistics, manufacturing, and healthcare industries.
Financial performance
Revenue decreased compared to the prior year, and operating income and net income also declined. Operating cash flow turned negative for the period.
Material risks
The filing identifies risks related to global economic conditions, supply chain disruptions, and cybersecurity threats. It also notes potential adverse effects from changes in trade policies and foreign currency fluctuations.
Liquidity and capital
The company’s liquidity and capital resources discussion indicates that cash flows from operations were insufficient to cover investing and financing activities during the period. The company may rely on existing cash balances or external financing to meet obligations.
What to watch
Monitor whether the company can restore positive operating cash flow in the next reporting period.