Itron, Inc. (ITRI)

Nasdaq Information Technology Electronic Equipment & Instruments S&P SmallCap 600

$98.44

-1.02 (-1.03%)

Close of Nov 06, 2026 · end-of-day data

Source: Itron, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.01B	$2.02B	$2.38B	$2.50B	$2.17B	$1.98B	$1.80B	$2.17B	$2.44B	$2.37B
Cost of revenue	$1.35B	$1.34B	$1.65B	$1.75B	$1.57B	$1.41B	$1.27B	$1.46B	$1.60B	$1.48B
Gross profit	$662.53M	$676.75M	$730.32M	$752.32M	$602.17M	$573.17M	$522.19M	$713.91M	$839.32M	$892.12M
Research & development	$167.77M	$169.41M	$207.91M	$202.20M	$194.10M	$197.24M	$185.10M	$208.69M	$215.03M	$207.04M
Selling, general & admin	$319.57M	$325.26M	$423.21M	$346.87M	$276.92M	$300.52M	$290.45M	$312.78M	$339.07M	$352.96M
Operating income	$100.99M	$154.88M	-$49.69M	$132.68M	-$10.39M	-$79.30M	-$7.44M	$128.87M	$264.11M	$313.07M
Interest expense	$13.52M	$13.85M	$58.20M	$52.45M	$44.00M	$28.64M	$6.72M	$8.35M	$15.38M	$22.45M
Pre-tax income	$84.63M	$134.57M	-$109.15M	$73.03M	-$56.64M	-$123.81M	-$15.74M	$127.39M	$284.53M	$342.27M
Income tax	$49.57M	$74.33M	-$12.57M	$20.62M	$238.00K	-$45.51M	-$6.20M	$29.07M	$43.41M	$38.93M
Net income	$31.77M	$57.30M	-$99.25M	$49.01M	-$57.95M	-$81.25M	-$9.73M	$96.92M	$239.10M	$301.06M
EBITDA	$169.31M	$218.09M	$72.81M	$247.08M	$86.89M	$4.85M	$59.32M	$184.63M	$320.39M	$362.58M
EPS (basic)	$0.83	$1.48	$-2.53	$1.24	$-1.44	$-1.83	$-0.22	$2.13	$5.27	$6.62
EPS (diluted)	$0.82	$1.45	$-2.53	$1.23	$-1.44	$-1.83	$-0.22	$2.11	$5.18	$6.50
Diluted shares	38.64M	39.39M	39.24M	39.98M	40.25M	44.30M	45.10M	45.84M	46.19M	46.32M
Gross margin	32.9%	33.5%	30.7%	30.1%	27.7%	28.9%	29.1%	32.8%	34.4%	37.7%
Operating margin	5.0%	7.7%	-2.1%	5.3%	-0.5%	-4.0%	-0.4%	5.9%	10.8%	13.2%
Net margin	1.6%	2.8%	-4.2%	2.0%	-2.7%	-4.1%	-0.5%	4.5%	9.8%	12.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$133.56M	$176.27M	$122.33M	$149.90M	$206.93M	$162.58M	$202.01M	$302.05M	$1.05B	$1.02B
Receivables	$299.87M	$369.05M	$416.50M	$415.89M	$318.27M	$261.12M	$249.77M	$272.89M	$295.34M	$342.49M
Inventory	$163.05M	$193.84M	$220.67M	$227.90M	$182.38M	$165.80M	$228.70M	$283.69M	$270.73M	$242.89M
Total current assets	$732.47M	$849.74M	$896.14M	$997.25M	$930.26M	$749.93M	$829.58M	$1.05B	$1.82B	$1.82B
Goodwill	$452.49M	$555.76M	$1.12B	$1.10B	$1.13B	$1.10B	$1.04B	$1.05B	$1.05B	$1.34B
Total assets	$1.58B	$2.11B	$2.61B	$2.71B	$2.61B	$2.39B	$2.38B	$2.60B	$3.41B	$3.72B
Total current liabilities	$413.05M	$507.78M	$652.71M	$671.39M	$549.90M	$501.34M	$498.57M	$537.24M	$528.26M	$1.01B
Short-term debt	$14.06M	$19.69M	$28.44M	$0	$18.36M	$0	—	—	$0	$459.52M
Long-term debt	$290.46M	$593.57M	$988.18M	$932.48M	$902.58M	$450.23M	$452.53M	$454.83M	$1.24B	$788.80M
Total debt	$304.52M	$613.26M	$1.02B	$932.48M	$920.94M	$450.23M	$452.53M	$454.83M	$1.24B	$1.25B
Total liabilities	$927.46M	$1.30B	$1.87B	$1.91B	$1.77B	$1.25B	$1.19B	$1.27B	$2.00B	$1.98B
Shareholders' equity	$631.60M	$786.42M	$712.66M	$776.54M	$816.55M	$1.12B	$1.17B	$1.31B	$1.39B	$1.72B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$115.84M	$191.35M	$109.75M	$172.84M	$109.51M	$154.79M	$24.50M	$124.97M	$238.18M	$405.95M
Capital expenditures	$43.54M	$49.49M	$59.95M	$60.75M	$46.21M	$34.68M	$19.75M	$26.88M	$30.56M	$22.89M
Free cash flow	$72.30M	$141.86M	$49.80M	$112.09M	$63.31M	$120.11M	$4.75M	$98.09M	$207.61M	$383.06M
Investing cash flow	-$47.53M	-$148.18M	-$862.66M	-$48.18M	-$41.04M	-$34.88M	$40.52M	-$23.31M	-$63.41M	-$349.65M
Financing cash flow	-$63.02M	$301.96M	$395.82M	-$97.52M	-$11.58M	-$152.89M	-$18.74M	-$3.51M	$579.57M	-$97.46M
Share buybacks	$0	$0	$0	$25.00M	$0	$8.03M	$16.97M	$0	$100.00M	$100.00M
Stock-based compensation	$18.04M	$21.41M	$31.26M	$26.96M	$25.05M	$23.62M	$21.88M	$28.36M	$43.87M	$62.45M
Depreciation & amortization	$68.32M	$63.22M	$122.50M	$114.40M	$97.29M	$84.15M	$66.76M	$55.76M	$56.28M	$49.52M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$577.17M	$603.44M	$609.07M	$615.46M	$612.86M	$607.15M	$606.76M	$581.62M	$571.66M	$586.98M	$562.90M	$599.33M
Cost of revenue	$380.78M	$398.06M	$398.61M	$405.86M	$398.98M	$389.93M	$383.14M	$362.08M	$339.92M	$350.66M	$332.26M	$354.46M
Gross profit	$196.39M	$205.38M	$210.46M	$209.60M	$213.88M	$217.22M	$223.62M	$219.54M	$231.74M	$236.32M	$230.64M	$244.87M
Research & development	$53.92M	$52.40M	$53.05M	$51.24M	$58.34M	$50.09M	$53.81M	$50.03M	$53.11M	$55.00M	$56.14M	$56.96M
Selling, general & admin	$81.60M	$85.97M	$88.41M	$79.64M	$85.05M	$86.91M	$87.61M	$83.14M	$95.30M	$105.36M	$89.72M	$84.07M
Operating income	$49.27M	$62.80M	$64.65M	$73.93M	$62.73M	$76.21M	$76.41M	$81.78M	$78.66M	$67.58M	$76.07M	$95.49M
Interest expense	$1.87M	$1.89M	$2.29M	$5.61M	$5.59M	$5.59M	$5.65M	$5.65M	$5.56M	$5.81M	$5.77M	$5.86M
Pre-tax income	$49.46M	$65.22M	$67.04M	$82.42M	$69.85M	$82.28M	$83.48M	$90.70M	$85.81M	$67.19M	$80.21M	$97.02M
Income tax	$4.55M	$13.43M	$15.18M	$3.52M	$11.28M	$16.93M	$14.73M	$24.48M	-$17.20M	$13.61M	$26.73M	$25.75M
Net income	$44.39M	$51.72M	$51.32M	$77.96M	$58.11M	$65.47M	$68.34M	$65.61M	$101.63M	$53.46M	$53.27M	$71.37M
EBITDA	$63.02M	$75.54M	$78.17M	$88.65M	$78.03M	$88.28M	$88.53M	$93.82M	$91.95M	$86.11M	$94.69M	$113.93M
EPS (basic)	$0.97	$1.13	$1.12	$1.73	$1.29	$1.44	$1.50	$1.43	$2.24	$1.20	$1.21	$1.63
EPS (diluted)	$0.96	$1.12	$1.10	$1.70	$1.27	$1.42	$1.47	$1.41	$2.20	$1.18	$1.19	$1.61
Diluted shares	68.00K	46.36M	46.53M	45.84M	-52.00K	46.17M	46.38M	46.66M	-82.00K	45.47M	44.61M	44.41M
Gross margin	34.0%	34.0%	34.6%	34.1%	34.9%	35.8%	36.9%	37.7%	40.5%	40.3%	41.0%	40.9%
Operating margin	8.5%	10.4%	10.6%	12.0%	10.2%	12.6%	12.6%	14.1%	13.8%	11.5%	13.5%	15.9%
Net margin	7.7%	8.6%	8.4%	12.7%	9.5%	10.8%	11.3%	11.3%	17.8%	9.1%	9.5%	11.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$302.05M	$300.61M	$920.64M	$982.51M	$1.05B	$1.12B	$1.22B	$1.33B	$1.02B	$712.85M	$745.23M	$840.32M
Receivables	$272.89M	$310.62M	$288.57M	$307.70M	$295.34M	$316.43M	$311.74M	$335.83M	$342.49M	$362.79M	$315.93M	$336.10M
Inventory	$283.69M	$287.22M	$291.78M	$276.62M	$270.73M	$281.88M	$283.30M	$255.28M	$242.89M	$239.89M	$258.73M	$280.97M
Total current assets	$1.05B	$1.10B	$1.69B	$1.75B	$1.82B	$1.90B	$1.99B	$2.14B	$1.82B	$1.52B	$1.55B	$1.68B
Goodwill	$1.05B	$1.06B	$1.06B	$1.07B	$1.05B	$1.06B	$1.09B	$1.09B	$1.34B	$1.70B	$1.69B	$1.69B
Total assets	$2.60B	$2.68B	$3.28B	$3.37B	$3.41B	$3.50B	$3.62B	$3.71B	$3.72B	$3.98B	$3.99B	$4.12B
Total current liabilities	$537.24M	$578.32M	$535.19M	$521.47M	$528.26M	$983.42M	$973.06M	$987.37M	$1.01B	$573.62M	$564.23M	$595.83M
Short-term debt	—	—	—	—	$0	$457.75M	$458.33M	$458.93M	$459.52M	$0	$0	$0
Long-term debt	$454.83M	$455.40M	$1.24B	$1.24B	$1.24B	$786.14M	$787.02M	$787.91M	$788.80M	$1.57B	$1.58B	$1.58B
Total debt	$454.83M	$455.40M	$1.24B	$1.24B	$1.24B	$1.24B	$1.25B	$1.25B	$1.25B	$1.57B	$1.58B	$1.58B
Total liabilities	$1.27B	$1.29B	$2.02B	$2.00B	$2.00B	$1.99B	$1.99B	$2.00B	$1.98B	$2.35B	$2.36B	$2.40B
Shareholders' equity	$1.31B	$1.36B	$1.24B	$1.35B	$1.39B	$1.49B	$1.61B	$1.69B	$1.72B	$1.61B	$1.62B	$1.70B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$47.90M	$41.31M	$51.72M	$65.30M	$79.85M	$72.12M	$96.69M	$117.83M	$119.32M	$85.50M	$88.09M	$101.95M
Capital expenditures	$8.58M	$7.14M	$7.11M	$6.62M	$9.68M	$4.64M	$6.02M	$4.42M	$7.81M	$6.53M	$6.61M	$6.41M
Free cash flow	$39.31M	$34.16M	$44.61M	$58.68M	$70.17M	$67.48M	$90.67M	$113.41M	$111.51M	$78.97M	$81.49M	$95.55M
Investing cash flow	-$4.30M	-$41.15M	-$6.67M	-$6.57M	-$9.03M	-$4.63M	-$6.02M	-$6.14M	-$332.86M	-$521.57M	-$3.53M	-$6.23M
Financing cash flow	-$869.00K	$1.08M	$575.76M	-$754.00K	$3.49M	$1.76M	$2.99M	-$2.91M	-$99.30M	$131.42M	-$51.54M	-$748.00K
Share buybacks	$0	—	—	$0	$0	$0	$0	$0	$100.00M	$100.00M	$52.23M	$0
Stock-based compensation	$7.83M	$11.43M	$10.42M	$10.22M	$11.81M	$16.56M	$16.84M	$14.42M	$14.63M	$20.07M	$12.25M	$12.21M
Depreciation & amortization	$13.75M	$12.74M	$13.52M	$14.72M	$15.30M	$12.07M	$12.11M	$12.04M	$13.30M	$18.54M	$18.63M	$18.44M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.