The financials
Gentherm Incorporated by the numbers
Gentherm Incorporated (THRM) reported revenue of $394M in Q1 2026 (quarter ended March 31, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 25% and net income of $4.2M (1.1% of revenue). For the full year FY2025, revenue was $1.50B (+2.9% year on year) and net income $18M. Its largest product in 2026-Q1 was Climate Control Seats at $207M, 52% of the disclosed total, just ahead of Lumbar And Massage Comfort Solutions at 16%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $394M | $354M | +11% |
| Gross profit | $97M | $86M | +12% |
| Operating income | $11M | $17M | −34% |
| Net income | $4.2M | −$128K | to a profit |
| Diluted EPS | $0.14 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Climate Control Seats | $207M | 52% |
| Lumbar And Massage Comfort Solutions | $62M | 16% |
| Climate Control Interiors | $51M | 13% |
| Other Automotive | $27M | 6.8% |
| Valve Systems | $27M | 6.7% |
| Medical | $12M | 2.9% |
| Climate And Comfort Electronics | $9.2M | 2.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $393.7M (+1.8%)
Lumbar And Massage Comfort Solutions grew +37% year on yearOther Automotive -8.1% year on year
Segment Latestquarter on quarteryear on year
- Climate Control Seats$206.6M$206.6MQoQ +2.6%year on year +8.1%+2.6%+8.1%
- Lumbar And Massage Comfort Solutions$62.3M$62.3MQoQ +12%year on year +37%+12%+37%
- Climate Control Interiors$50.8M$50.8MQoQ -3.6%year on year +12%-3.6%+12%
- Other Automotive$26.8M$26.8MQoQ -15%year on year -8.1%-15%-8.1%
- Valve Systems$26.6M$26.6MQoQ +8.5%year on year +15%+8.5%+15%
- Medical$11.5M$11.5MQoQ -8.8%year on year -3.7%-8.8%-3.7%
- Climate And Comfort Electronics$9.2M$9.2MQoQ +6.5%year on year +19%+6.5%+19%