Itron Q3 revenue falls 5% to $582 million; GAAP EPS drops to $1.41 from $1.70
Itron reported third quarter 2025 results on October 30, 2025, with revenue down 5% to $582 million and GAAP diluted EPS of $1.41, compared with $1.70 a year earlier. Adjusted EBITDA rose 10% to $97 million and free cash flow increased to $113 million, but the decline in revenue and profit is the main change for shareholders. The company also gave fourth quarter and updated full year 2025 outlook ranges and disclosed a pending $325 million acquisition of Urbint, Inc.
Key points
- Q3 revenue of $582 million, down 5%, driven mainly by portfolio optimization and project deployment timing; Device Solutions revenue fell 16%.
- GAAP net income attributable to Itron was $66 million, down $12 million, mainly due to higher GAAP income tax expense.
- Q4 2025 outlook: revenue of $555 million to $565 million and non-GAAP diluted EPS of $2.15 to $2.25; full year 2025 revenue of $2.35 billion to $2.36 billion and non-GAAP diluted EPS of $6.84 to $6.94.
- Pending Urbint, Inc. acquisition, announced October 6, 2025, for $325 million in cash, expected to close in the fourth quarter of 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.