ITRON, INC.

For the period ended Mar 31, 2026. Filed Apr 28, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 28, 2026

ITRI$99.97+1.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Three Months Ended March 31,
In thousands, except per share data	2026	2025
Revenues
Product revenues	$477,801	$523,141
Service revenues	109,181	84,010
Total revenues	586,982	607,151
Cost of revenues
Product cost of revenues	300,209	346,442
Service cost of revenues	50,454	43,490
Total cost of revenues	350,663	389,932
Gross profit	236,319	217,219
Operating expenses
Sales, general and administrative	105,357	86,911
Research and development	54,999	50,090
Amortization of intangible assets	8,172	4,479
Restructuring	214	(553)
Loss on sale of business	—	79
Total operating expenses	168,742	141,006
Operating income	67,577	76,213
Other income (expense)
Interest income	5,660	11,710
Interest expense	(5,809)	(5,593)
Other income (expense), net	(233)	(51)
Total other income (expense)	(382)	6,066
Income before income taxes	67,195	82,279
Income tax provision	(13,609)	(16,929)
Net income	53,586	65,350
Net income (loss) attributable to noncontrolling interests	127	(124)
Net income attributable to Itron, Inc.	$53,459	$65,474
Net income per common share - Basic	$1.20	$1.44
Net income per common share - Diluted	$1.18	$1.42
Weighted average common shares outstanding - Basic	44,734	45,338
Weighted average common shares outstanding - Diluted	45,470	46,172

ContentsView on SEC.gov

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