Itron, Inc. (ITRI)ITRIItron, Inc.

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	2.347B	586.982M	571.657M	581.625M	606.761M	607.151M	612.864M	615.462M	609.069M
Cost of Goods Sold	1.436B	350.663M	339.921M	362.080M	383.143M	389.932M	398.984M	405.864M	398.609M
Gross Profit	911.218M	236.319M	231.736M	219.545M	223.618M	217.219M	213.880M	209.598M	210.460M
Gross Profit Margin	40.3%	40.3%	40.5%	37.7%	36.9%	35.8%	34.9%	34.1%	34.6%
Total Operating Expenses	605.088M	168.528M	153.018M	137.574M	145.968M	141.480M	151.150M	135.665M	145.813M
Research & Development	211.950M	54.999M	53.109M	50.032M	53.810M	50.090M	58.343M	51.237M	53.053M
Selling, General & Administrative	371.411M	105.357M	95.300M	83.139M	87.615M	86.911M	86.195M	80.201M	88.379M
Operating Income (EBIT)	306.130M	67.791M	78.718M	81.971M	77.650M	75.739M	62.730M	73.933M	64.647M
Operating Margin	11.5%	11.5%	13.8%	14.1%	12.8%	12.5%	10.2%	12.0%	10.6%
Income Before Tax (EBT)	327.183M	67.195M	85.805M	90.701M	83.482M	82.279M	69.850M	82.425M	67.040M
Interest Income	42.326M	5.660M	10.794M	13.569M	12.303M	11.710M	12.183M	13.420M	5.128M
Interest Expense	26.248M	5.809M	10.964M	3.827M	5.648M	5.593M	5.591M	5.605M	2.290M
Other Income/Expense	21.053M	-596K	7.087M	8.730M	5.832M	6.540M	7.120M	8.492M	2.393M
Net Income	289.040M	53.459M	101.628M	65.613M	68.340M	65.474M	58.107M	77.959M	51.318M
Income Tax Expense	35.612M	13.609M	-17.205M	24.478M	14.730M	16.929M	11.283M	3.515M	15.180M
Net Profit Margin	9.1%	9.1%	17.8%	11.3%	11.3%	10.8%	9.5%	12.7%	8.4%
EBITDA	362.115M	86.327M	92.014M	94.010M	89.764M	87.807M	78.028M	88.649M	78.166M
EBITDA Margin	14.7%	14.7%	16.1%	16.2%	14.8%	14.5%	12.7%	14.4%	12.8%
Depreciation & Amortization	55.985M	18.536M	13.296M	12.039M	12.114M	12.068M	15.298M	14.716M	13.519M
EPS Basic	6.38	1.20	2.25	1.43	1.50	1.44	1.29	1.73	1.12
EPS Diluted	6.27	1.18	2.21	1.41	1.47	1.42	1.26	1.70	1.10
Shares Outstanding	44.734M	44.734M	45.248M	45.746M	45.633M	45.338M	45.100M	44.982M	45.745M
Diluted Shares Outstanding	45.470M	45.470M	46.080M	46.660M	46.380M	46.172M	46.036M	45.839M	46.526M

Annual Income Statement (USD)

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	2.367B	2.441B	2.174B	1.796B	1.982B	2.173B	2.502B	2.376B
Cost of Goods Sold	1.475B	1.602B	1.460B	1.273B	1.408B	1.571B	1.750B	1.646B
Gross Profit	892.118M	839.317M	713.908M	522.189M	573.169M	602.167M	752.319M	730.319M
Gross Profit Margin	37.7%	34.4%	32.8%	29.1%	28.9%	27.7%	30.1%	30.7%
Total Operating Expenses	578.040M	575.207M	585.041M	529.628M	652.468M	612.562M	619.636M	780.011M
Research & Development	207.041M	215.034M	208.688M	185.098M	197.235M	194.101M	202.200M	207.905M
Selling, General & Administrative	352.965M	341.303M	315.156M	293.523M	303.252M	280.893M	350.508M	334.544M
Operating Income (EBIT)	314.078M	264.110M	128.867M	-7.439M	-79.299M	-10.395M	132.683M	-49.692M
Operating Margin	13.3%	10.8%	5.9%	-0.4%	-4.0%	-0.5%	5.3%	-2.1%
Income Before Tax (EBT)	342.267M	284.531M	127.386M	-15.743M	-123.810M	-56.639M	73.032M	-109.151M
Interest Income	48.376M	34.577M	9.314M	2.633M	1.557M	2.998M	1.849M	2.153M
Interest Expense	22.451M	15.379M	8.349M	6.724M	28.638M	44.001M	52.453M	58.203M
Other Income/Expense	28.189M	20.421M	-1.481M	-8.304M	-44.511M	-46.244M	-59.651M	-59.459M
Net Income	301.055M	239.105M	96.923M	-9.732M	-81.255M	-57.955M	49.006M	-99.250M
Income Tax Expense	38.932M	43.407M	29.068M	-6.196M	-45.512M	238K	20.617M	-12.570M
Net Profit Margin	12.7%	9.8%	4.5%	-0.5%	-4.1%	-2.7%	2.0%	-4.2%
EBITDA	363.595M	320.387M	184.630M	59.324M	4.854M	86.895M	247.083M	72.805M
EBITDA Margin	15.4%	13.1%	8.5%	3.3%	0.2%	4.0%	9.9%	3.1%
Depreciation & Amortization	49.517M	56.277M	55.763M	66.763M	84.153M	97.290M	114.400M	122.497M
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	45.492M	45.368M	45.421M	45.101M	44.301M	40.253M	39.556M	39.229M
Diluted Shares Outstanding	46.323M	46.187M	45.836M	45.101M	44.301M	40.253M	39.980M	39.244M

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

5,215 employees

na.itron.com

Technology / Hardware, Equipment & Parts

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

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