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What changed in Baxter International Inc.'s latest annual report

In the year ended 31 Dec 2025, Baxter International Inc.'s revenue rose 5.7% to USD 11.24bn, from USD 10.64bn; long-term debt fell 28.4% to USD 9.44bn, from USD 13.18bn; total liabilities fell 25.6% to USD 13.95bn, from USD 18.76bn.

Year ended 31 Dec 2025. Source: 10-K filed 12 Feb 2026, read it on SEC EDGAR.

USD 10.64bn to USD 11.24bn

Revenue, up 5.7% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue10.64bn11.24bnUp 5.7%
Net income-649.00m-957.00mNot comparable
Total assets25.78bn20.05bnDown 22.2%
Total liabilities18.76bn13.95bnDown 25.6%
Long-term debt13.18bn9.44bnDown 28.4%
Cash and cash equivalents1.76bn1.97bnUp 11.5%
Shareholders' equity6.96bn6.13bnDown 12%

Questions people ask

Did Baxter International Inc.'s revenue grow last year?

Revenue grew 5.7%, from USD 10.64bn to USD 11.24bn in the year ended 31 Dec 2025.

Is Baxter International Inc. profitable?

Not in its latest year: it reported a net loss of USD 957.00m in the year ended 31 Dec 2025. The year before: a net loss of USD 649.00m.

How much cash and debt does Baxter International Inc. have?

At its latest year end (31 Dec 2025), Baxter International Inc. reported cash and cash equivalents of USD 1.97bn and long-term debt of USD 9.44bn.

Where do these numbers come from?

From Baxter International Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Baxter International Inc. (BAX) 10-K: what changed year on year | LYNORIQ Insights