ITRON, INC.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
ITRI$99.97+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| Common Stock · Accumulated Other Comprehensive Income (Loss) · Retained Earnings (Accumulated Deficit) · Total Itron, Inc. Shareholders' Equity · Noncontrolling Interests · Total Equity | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| In thousands · Shares · Amount | |||||||||||||
| Balances at January 1, 2023 | 45,186 | $1,788,479 | $(94,674) | $(525,332) | $1,168,473 | $23,083 | $1,191,556 | ||||||
| Net income | 96,923 | 96,923 | 1,395 | 98,318 | |||||||||
| Other comprehensive income, net of tax | 13,484 | 13,484 | — | 13,484 | |||||||||
| Distributions to noncontrolling interests | — | (3,958) | (3,958) | ||||||||||
| Stock options exercised | 18 | 830 | 830 | 830 | |||||||||
| Restricted stock awards released net of repurchased shares for taxes | 242 | — | — | — | |||||||||
| Issuance of stock-based compensation awards | 15 | 1,065 | 1,065 | 1,065 | |||||||||
| Employee stock purchase plan | 51 | 2,844 | 2,844 | 2,844 | |||||||||
| Stock-based compensation expense | 27,292 | 27,292 | 27,292 | ||||||||||
| Balances at December 31, 2023 | 45,512 | 1,820,510 | (81,190) | (428,409) | 1,310,911 | 20,520 | 1,331,431 | ||||||
| Net income | 239,105 | 239,105 | 2,019 | 241,124 | |||||||||
| Other comprehensive income (loss), net of tax | (28,741) | (28,741) | — | (28,741) | |||||||||
| Distributions to noncontrolling interests | — | (1,711) | (1,711) | ||||||||||
| Stock options exercised | 89 | 4,558 | 4,558 | 4,558 | |||||||||
| Restricted stock awards released net of repurchased shares for taxes | 446 | (4) | (4) | (4) | |||||||||
| Issuance of stock-based compensation awards | 13 | 1,343 | 1,343 | 1,343 | |||||||||
| Employee stock purchase plan | 43 | 3,767 | 3,767 | 3,767 | |||||||||
| Stock-based compensation expense | 42,531 | 42,531 | 42,531 | ||||||||||
| Payment on call spread for convertible offering, net of tax | (82,304) | (82,304) | (82,304) | ||||||||||
| Stock repurchase program | (972) | (100,000) | (100,000) | (100,000) | |||||||||
| Registration fee | (54) | (54) | (54) | ||||||||||
| Excise tax related to shares repurchased | (512) | (512) | (512) | ||||||||||
| Balances at December 31, 2024 | 45,131 | 1,689,835 | (109,931) | (189,304) | 1,390,600 | 20,828 | 1,411,428 | ||||||
| Net income | 301,055 | 301,055 | 2,280 | 303,335 | |||||||||
| Other comprehensive income, net of tax | 53,426 | 53,426 | — | 53,426 | |||||||||
| Distributions to noncontrolling interests | — | (1,508) | (1,508) | ||||||||||
| Stock options exercised | 87 | 3,460 | 3,460 | 3,460 | |||||||||
| Restricted stock awards released net of repurchased shares for taxes | 611 | (7) | (7) | (7) | |||||||||
| Issuance of stock-based compensation awards | 8 | 929 | 929 | 929 | |||||||||
| Employee stock purchase plan | 35 | 3,867 | 3,867 | 3,867 | |||||||||
| Stock-based compensation expense | 61,520 | 61,520 | 61,520 | ||||||||||
| Stock repurchase program | (943) | (100,000) | (100,000) | (100,000) | |||||||||
| Contingent share issuance to affiliate | 2,000 | 2,000 | 2,000 | ||||||||||
| Excise tax related to shares repurchased | (254) | (254) | (254) | ||||||||||
| Balances at December 31, 2025 | 44,929 | $1,661,350 | $(56,505) | $111,751 | $1,716,596 | $21,600 | $1,738,196 | ||||||
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