ITRON, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.4B | $2.4B | $2.2B | $1.8B | $2.0B |
| Cost of revenue | $1.5B | $1.6B | $1.5B | $1.3B | $1.4B |
| Gross profit | $892.1M | $839.3M | $713.9M | $522.2M | $573.2M |
| Selling, general & administrative | $353.0M | $339.1M | $312.8M | $290.5M | $300.5M |
| Research and development | $207.0M | $215.0M | $208.7M | $185.1M | $197.2M |
| Operating expenses | $579.0M | $575.2M | $585.0M | $529.6M | $652.5M |
| Operating income | $313.1M | $264.1M | $128.9M | -$7.4M | -$79.3M |
| Interest expense | $22.5M | $15.4M | $8.3M | $6.7M | $28.6M |
| Pretax income | $342.3M | $284.5M | $127.4M | -$15.7M | -$123.8M |
| Income tax expense | $38.9M | $43.4M | $29.1M | -$6.2M | -$45.5M |
| Net income | $301.1M | $239.1M | $96.9M | -$9.7M | -$81.3M |
| Balance Sheet | |||||
| Cash and equivalents | $1.0B | $1.1B | $302.0M | $202.0M | $162.6M |
| Current assets | $1.8B | $1.8B | $1.0B | $829.6M | $749.9M |
| Total assets | $3.7B | $3.4B | $2.6B | $2.4B | $2.4B |
| Current liabilities | $1.0B | $528.3M | $537.2M | $498.6M | $501.3M |
| Total liabilities | $2.0B | $2.0B | $1.3B | $1.2B | $1.3B |
| Total debt | $805.0M | $1.3B | — | — | — |
| Stockholders' equity | $1.7B | $1.4B | $1.3B | $1.2B | $1.1B |
| Cash Flow Statement | |||||
| Cash from operations | $406.0M | $238.2M | $125.0M | $24.5M | $154.8M |
| Depreciation and amortization | $49.5M | $56.3M | $55.8M | $66.8M | $84.2M |
| Stock-based compensation | $62.4M | $43.9M | $28.4M | $21.9M | $23.6M |
| Capital expenditure | $22.9M | $30.6M | $26.9M | $19.7M | $34.7M |
| Free cash flow | $383.1M | $207.6M | $98.1M | $4.8M | $120.1M |
| Share repurchases | $100.0M | $100.0M | $0 | $17.0M | $8.0M |
| Impairments | — | $0 | $0 | $38.5M | $0 |
Shares outstanding 44.3M · Free float 98.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.