Itron, Inc. (ITRI)ITRIItron, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	2.30B	562.90M	586.98M	571.66M	581.63M	606.76M	607.15M	612.86M	615.46M
Cost of Goods Sold	1.38B	332.26M	350.66M	339.92M	362.08M	383.14M	389.93M	398.98M	405.86M
Gross Profit	918.24M	230.64M	236.32M	231.74M	219.54M	223.62M	217.22M	213.88M	209.60M
Gross Profit Margin	39.9%	41.0%	40.3%	40.5%	37.7%	36.9%	35.8%	34.9%	34.1%
Total Operating Expenses	613.69M	154.57M	168.53M	153.02M	137.57M	145.97M	141.48M	151.15M	135.66M
Research & Development	214.28M	56.14M	55.00M	53.11M	50.03M	53.81M	50.09M	58.34M	51.24M
Selling, General & Administrative	373.52M	89.72M	105.36M	95.30M	83.14M	87.61M	86.91M	86.19M	80.20M
Operating Income (EBIT)	304.55M	76.07M	67.79M	78.72M	81.97M	77.65M	75.74M	62.73M	73.93M
Operating Margin	13.2%	13.5%	11.5%	13.8%	14.1%	12.8%	12.5%	10.2%	12.0%
Income Before Tax (EBT)	323.91M	80.21M	67.19M	85.81M	90.70M	83.48M	82.28M	69.85M	82.42M
Interest Income	36.28M	6.25M	5.66M	10.79M	13.57M	12.30M	11.71M	12.18M	13.42M
Interest Expense	26.37M	5.77M	5.81M	10.96M	3.83M	5.65M	5.59M	5.59M	5.61M
Other Income/Expense	19.36M	4.14M	-596K	7.09M	8.73M	5.83M	6.54M	7.12M	8.49M
Net Income	273.97M	53.27M	53.46M	101.63M	65.61M	68.34M	65.47M	58.11M	77.96M
Income Tax Expense	47.62M	26.73M	13.61M	-17.20M	24.48M	14.73M	16.93M	11.28M	3.52M
Net Profit Margin	11.9%	9.5%	9.1%	17.8%	11.3%	11.3%	10.8%	9.5%	12.7%
EBITDA	367.04M	94.69M	86.33M	92.01M	94.01M	89.76M	87.81M	78.03M	88.65M
EBITDA Margin	15.9%	16.8%	14.7%	16.1%	16.2%	14.8%	14.5%	12.7%	14.4%
Depreciation & Amortization	62.50M	18.63M	18.54M	13.30M	12.04M	12.11M	12.07M	15.30M	14.72M
EPS Basic	6.08	1.20	1.20	2.25	1.43	1.50	1.44	1.29	1.73
EPS Diluted	5.99	1.19	1.18	2.21	1.41	1.47	1.42	1.26	1.70
Shares Outstanding	44.41M	44.41M	44.73M	45.25M	45.75M	45.63M	45.34M	45.10M	44.98M
Diluted Shares Outstanding	45.04M	45.04M	45.47M	46.08M	46.66M	46.38M	46.17M	46.04M	45.84M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	2.37B	2.44B	2.17B	1.80B	1.98B	2.17B	2.50B	2.38B
Cost of Goods Sold	1.48B	1.60B	1.46B	1.27B	1.41B	1.57B	1.75B	1.65B
Gross Profit	892.12M	839.32M	713.91M	522.19M	573.17M	602.17M	752.32M	730.32M
Gross Profit Margin	37.7%	34.4%	32.8%	29.1%	28.9%	27.7%	30.1%	30.7%
Total Operating Expenses	578.04M	575.21M	585.04M	529.63M	652.47M	612.56M	619.64M	780.01M
Research & Development	207.04M	215.03M	208.69M	185.10M	197.24M	194.10M	202.20M	207.91M
Selling, General & Administrative	352.96M	341.30M	315.16M	293.52M	303.25M	280.89M	350.51M	334.54M
Operating Income (EBIT)	314.08M	264.11M	128.87M	-7.44M	-79.30M	-10.39M	132.68M	-49.69M
Operating Margin	13.3%	10.8%	5.9%	-0.4%	-4.0%	-0.5%	5.3%	-2.1%
Income Before Tax (EBT)	342.27M	284.53M	127.39M	-15.74M	-123.81M	-56.64M	73.03M	-109.15M
Interest Income	48.38M	34.58M	9.31M	2.63M	1.56M	3.00M	1.85M	2.15M
Interest Expense	22.45M	15.38M	8.35M	6.72M	28.64M	44.00M	52.45M	58.20M
Other Income/Expense	28.19M	20.42M	-1.48M	-8.30M	-44.51M	-46.24M	-59.65M	-59.46M
Net Income	301.06M	239.10M	96.92M	-9.73M	-81.25M	-57.95M	49.01M	-99.25M
Income Tax Expense	38.93M	43.41M	29.07M	-6.20M	-45.51M	238K	20.62M	-12.57M
Net Profit Margin	12.7%	9.8%	4.5%	-0.5%	-4.1%	-2.7%	2.0%	-4.2%
EBITDA	363.60M	320.39M	184.63M	59.32M	4.85M	86.89M	247.08M	72.81M
EBITDA Margin	15.4%	13.1%	8.5%	3.3%	0.2%	4.0%	9.9%	3.1%
Depreciation & Amortization	49.52M	56.28M	55.76M	66.76M	84.15M	97.29M	114.40M	122.50M
EPS Basic	6.62	5.27	2.13	-0.21	-1.77	-1.41	1.24	-2.53
EPS Diluted	6.50	5.18	2.11	-0.21	-1.77	-1.41	1.23	-2.53
Shares Outstanding	45.49M	45.37M	45.42M	45.10M	44.30M	40.25M	39.56M	39.23M
Diluted Shares Outstanding	46.32M	46.19M	45.84M	45.10M	44.30M	40.25M	39.98M	39.24M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Itron, Inc.

Itron, Inc., a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in four segments: Device Solutions, Networked Solutions, Outcomes, and Resiliency Solution. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products. The Networked Solutions segment provides communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; network design services; and associated heat-end management and application software for acquiring and transporting application-specific data. This segment also products and software for the implementation, installation, and management of communicating devices and data networks; offers industrial internet of things solutions, including automated meter reading; advanced metering infrastructure for electricity, water, and gas; distributed energy resource management; grid edge devices; distribution automation communications; smart lighting; and smart city sensors and applications. The Outcomes segment provides value-added, enhanced software and services, artificial intelligence, and machine learning, statistical modeling, and other analytics. The Resiliency Solutions segment offers software and services. The company offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company serves utility and smart city customers, and municipalities through its sales force, distributors, agents, partners, and meter manufacturer representatives. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

Liberty Lake, WA

4,987 employees

na.itron.com

Technology / Hardware, Equipment & Parts

Sector: Technology
Industry: Hardware, Equipment & Parts
CEO: Thomas L. Deitrich

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