ITRON, INC.ITRIEarnings & Financial Report
Itron, Inc. is an American technology company that offers products and services for energy and water resource management. It is headquartered in Liberty Lake, Washington, United States. The company's products measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology, communications systems, software, as well as managed and consulting services.
Revenue
$581.6M
Gross Profit
$219.5M
Operating Profit
$81.8M
Net Profit
$65.6M
Gross Margin
37.7%
Operating Margin
14.1%
Net Margin
11.3%
YoY Growth
-5.5%
EPS
$1.41
ITRON, INC. Q3 FY2025 Financial Summary
ITRON, INC. reported revenue of $581.6M (down 5.5% YoY) for Q3 FY2025, with a net profit of $65.6M (down 15.8% YoY) (11.3% margin). Cost of goods sold was $362.1M, operating expenses totaled $137.8M.
Key Financial Metrics
| Total Revenue | $581.6M |
|---|---|
| Net Profit | $65.6M |
| Gross Margin | 37.7% |
| Operating Margin | 14.1% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
ITRON, INC. Q3 FY2025 revenue of $581.6M breaks down across 3 segments, led by Networked Solutions Segment at $393.7M (67.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Networked Solutions Segment | $393.7M | 67.7% |
| Device Solutions | $103.6M | 17.8% |
| Services | $87.3M | 15.0% |
ITRON, INC. Revenue by Segment — Quarterly Trend
ITRON, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Networked Solutions Segment and Device Solutions) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Networked Solutions Segment | — | $352.0M | $393.7M | $408.9M |
| Device Solutions | — | $104.8M | $103.6M | $112.8M |
| Services | — | — | $87.3M | $89.6M |
ITRON, INC. Annual Revenue by Year
ITRON, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.4B |
| 2024 | $2.4B |
| 2023 | $2.2B |
| 2022 | $1.8B |
ITRON, INC. Quarterly Revenue & Net Profit History
ITRON, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $587.0M | -3.3% | $53.6M | 9.1% |
| Q4 FY2025 | $571.7M | -6.7% | $101.6M | 17.8% |
| Q3 FY2025 | $581.6M | -5.5% | $65.6M | 11.3% |
| Q2 FY2025 | $606.8M | -0.4% | $68.3M | 11.3% |
| Q1 FY2025 | $607.2M | +0.6% | $65.5M | 10.8% |
| Q4 FY2024 | $612.9M | +6.2% | $58.1M | 9.5% |
| Q3 FY2024 | $615.5M | +9.8% | $78.0M | 12.7% |
| Q2 FY2024 | $609.1M | +12.6% | $51.3M | 8.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $609.1M | $615.5M | $612.9M | $607.2M | $606.8M | $581.6M | $571.7M | $587.0M |
| YoY Growth | 12.6% | 9.8% | 6.2% | 0.6% | -0.4% | -5.5% | -6.7% | -3.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.28B | $3.37B | $3.41B | $3.50B | $3.62B | $3.71B | $3.72B | $3.98B |
| Liabilities | $2.02B | $2.00B | $2.00B | $1.99B | $1.99B | $2.00B | $1.98B | $2.35B |
| Equity | $1.24B | $1.35B | $1.39B | $1.49B | $1.61B | $1.69B | $1.72B | $1.63B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $51.7M | $65.3M | $79.8M | $72.1M | $96.7M | $117.8M | $119.3M | $85.5M |