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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| In thousands, except per share data | 2025 | 2024 | 2023 |
| Revenues | |||
| Product revenues | $2,008,976 | $2,131,379 | $1,863,489 |
| Service revenues | 358,218 | 309,458 | 310,144 |
| Total revenues | 2,367,194 | 2,440,837 | 2,173,633 |
| Cost of revenues | |||
| Product cost of revenues | 1,292,329 | 1,429,942 | 1,292,170 |
| Service cost of revenues | 182,747 | 171,578 | 167,555 |
| Total cost of revenues | 1,475,076 | 1,601,520 | 1,459,725 |
| Gross profit | 892,118 | 839,317 | 713,908 |
| Operating expenses | |||
| Sales, general and administrative | 352,965 | 339,069 | 312,779 |
| Research and development | 207,041 | 215,034 | 208,688 |
| Amortization of intangible assets | 18,034 | 17,828 | 18,918 |
| Restructuring | 931 | 2,679 | 43,989 |
| Loss on sale of business | 79 | 597 | 667 |
| Total operating expenses | 579,050 | 575,207 | 585,041 |
| Operating income | 313,068 | 264,110 | 128,867 |
| Other income (expense) | |||
| Interest income | 48,376 | 34,577 | 9,314 |
| Interest expense | (22,451) | (15,379) | (8,349) |
| Other income (expense), net | 3,274 | 1,223 | (2,446) |
| Total other income (expense) | 29,199 | 20,421 | (1,481) |
| Income before income taxes | 342,267 | 284,531 | 127,386 |
| Income tax provision | (38,932) | (43,407) | (29,068) |
| Net income | 303,335 | 241,124 | 98,318 |
| Net income attributable to noncontrolling interests | 2,280 | 2,019 | 1,395 |
| Net income attributable to Itron, Inc. | $301,055 | $239,105 | $96,923 |
| Net income per common share - Basic | $6.62 | $5.27 | $2.13 |
| Net income per common share - Diluted | $6.50 | $5.18 | $2.11 |
| Weighted average common shares outstanding - Basic | 45,492 | 45,368 | 45,421 |
| Weighted average common shares outstanding - Diluted | 46,323 | 46,187 | 45,836 |
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