Company research
ITRON, INC.
CIK 780571Updated Sep 24, 2026
SecurityITRI · NASDAQ · equity
Name history
ITRON INC /WA/ · through Jul 3, 2019
ITRI price & chart
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NASDAQ:ITRI on TradingView ↗About the company
Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Itron® and the Itron Logo are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,720,707,000Source | 3,407,623,000Source | 2,604,263,000Source | 2,378,078,000Source |
| Property, Plant and Equipment, NetUSD | 112,193,000Source | 115,428,000Source | 128,806,000Source | 140,123,000Source |
| GoodwillUSD | 1,344,983,000Source | 1,052,130,000Source | 1,052,504,000Source | 1,038,721,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 83,337,000Source | 43,109,000Source | 46,282,000Source | 64,941,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,020,397,000Source | 1,051,237,000Source | 302,049,000Source | 202,007,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 342,491,000Source | 295,341,000Source | 272,890,000Source | 249,771,000Source |
| Inventory, NetUSD | 242,886,000Source | 270,725,000Source | 283,686,000Source | 228,701,000Source |
| Assets, CurrentUSD | 1,822,318,000Source | 1,815,892,000Source | 1,049,438,000Source | 829,584,000Source |
| Operating Lease, Right-of-Use AssetUSD | 29,341,000Source | 28,957,000Source | 41,186,000Source | 52,826,000Source |
| Other Assets, NoncurrentUSD | 63,352,000Source | 41,827,000Source | 38,836,000Source | 39,901,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,982,511,000Source | 1,996,195,000Source | 1,272,832,000Source | 1,186,522,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,661,350,000Source | 1,689,835,000Source | 1,820,510,000Source | 1,788,479,000Source |
| Retained Earnings (Accumulated Deficit)USD | 111,751,000Source | -189,304,000Source | -428,409,000Source | -525,332,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -56,505,000Source | -109,931,000Source | -81,190,000Source | -94,674,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,716,596,000Source | 1,390,600,000Source | 1,310,911,000Source | 1,168,473,000Source |
| Liabilities and EquityUSD | 3,720,707,000Source | 3,407,623,000Source | 2,604,263,000Source | 2,378,078,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,012,227,000Source | 528,265,000Source | 537,236,000Source | 498,572,000Source |
| Operating Lease, Liability, CurrentUSD | 15,828,000Source | 14,584,000Source | 14,981,000Source | 15,967,000Source |
| Accounts Payable, CurrentUSD | 156,288,000Source | 144,929,000Source | 199,520,000Source | 237,178,000Source |
| Operating Lease, Liability, NoncurrentUSD | 19,623,000Source | 25,350,000Source | 32,656,000Source | 44,370,000Source |
| Deferred Income Tax Liabilities, NetUSD | 623,000Source | 565,000Source | 697,000Source | 833,000Source |
| Other Liabilities, NoncurrentUSD | 91,885,000Source | 132,215,000Source | 176,028,000Source | 124,887,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 21,600,000Source | 20,828,000Source | 20,520,000Source | 23,083,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 187,822,000Source | 150,720,000Source | 124,207,000Source | 95,567,000Source |
| Deferred Tax Liabilities, NetUSD | 12,309,000Source | 13,032,000Source | 33,967,000Source | 47,814,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 459,522,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 788,805,000Source | 1,242,424,000Source | 454,827,000Source | 452,526,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 303,335,000Source | 241,124,000Source | 98,318,000Source | -9,547,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 49,517,000Source | 56,277,000Source | 55,763,000Source | 66,763,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 62,449,000Source | 43,874,000Source | 28,357,000Source | 21,881,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 4,215,000Source | 49,138,000Source | 19,494,000Source | -5,064,000Source |
| Increase (Decrease) in InventoriesUSD | -32,682,000Source | -5,969,000Source | 52,118,000Source | 68,124,000Source |
| Deferred Income Tax Expense (Benefit)USD | 59,732,000Source | -37,194,000Source | -35,117,000Source | -52,722,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 405,952,000Source | 238,175,000Source | 124,971,000Source | 24,500,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 325,044,000Source | 34,105,000Source | 0Source | -23,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -349,652,000Source | -63,412,000Source | -23,308,000Source | 40,516,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 1,995,000Source | -850,000Source | -4,348,000Source | -4,307,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 22,891,000Source | 30,562,000Source | 26,884,000Source | 19,747,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 100,000,000Source | 100,000,000Source | 0Source | 16,972,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -97,462,000Source | 579,573,000Source | -3,508,000Source | -18,737,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -2,569,000Source | -2,879,000Source | -4,711,000Source | -4,520,000Source |
| Repayments of Long-term DebtUSD | — | — | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -30,840,000Source | 749,188,000Source | 100,042,000Source | 39,428,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,020,397,000Source | 1,051,237,000Source | 302,049,000Source | 202,007,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 13,154,000Source | 1,342,000Source | 1,832,000Source | 1,622,000Source |
| Income Taxes Paid, NetUSD | 56,316,000Source | 80,172,000Source | 54,550,000Source | 11,915,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,322,000Source | -5,148,000Source | 1,887,000Source | -6,851,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 19,112,000Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 3,925,000Source | 5,923,000Source | 5,025,000Source | 1,315,000Source |
| Amortization of Debt Issuance CostsUSD | 7,077,000Source | 5,489,000Source | 3,664,000Source | 3,499,000Source |
| Amortization of Intangible AssetsUSD | 18,034,000Source | 17,828,000Source | 18,918,000Source | 25,717,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | 3,000Source | 7,000Source | -166,000Source |
| DepreciationUSD | 30,405,000Source | 38,449,000Source | 36,845,000Source | 41,046,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 1,100,000Source | 3,100,000Source | 2,900,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -79,000Source | -597,000Source | -667,000Source | -3,505,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | -79,000Source | -597,000Source | -667,000Source | -3,505,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 0Source |
| GoodwillUSD | 1,344,983,000Source | 1,052,130,000Source | 1,052,504,000Source | 1,038,721,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 38,480,000Source |
| Income Tax Expense (Benefit)USD | 38,932,000Source | 43,407,000Source | 29,068,000Source | -6,196,000Source |
| InterestExpenseNonoperatingUSD | 22,451,000Source | 15,379,000Source | — | — |
| Investment Income, InterestUSD | 48,376,000Source | 34,577,000Source | 9,314,000Source | 2,633,000Source |
| Net Income (Loss) Attributable to ParentUSD | 301,055,000Source | 239,105,000Source | 96,923,000Source | -9,732,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,280,000Source | 2,019,000Source | 1,395,000Source | 185,000Source |
| Nonoperating Income (Expense)USD | 29,199,000Source | 20,421,000Source | -1,481,000Source | -8,304,000Source |
| Operating ExpensesUSD | 579,050,000Source | 575,207,000Source | 585,041,000Source | 529,628,000Source |
| Other Nonoperating Income (Expense)USD | 3,274,000Source | 1,223,000Source | -2,446,000Source | -4,213,000Source |
| Proceeds from Issuance of Common StockUSD | 7,320,000Source | 8,321,000Source | 3,674,000Source | 3,452,000Source |
| Restructuring CostsUSD | -25,000Source | -191,000Source | 385,000Source | -624,000Source |
| Restructuring Costs and Asset Impairment ChargesUSD | 1,000Source | -54,000Source | 4,584,000Source | 3,071,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 66,374,000Source | 49,797,000Source | 33,382,000Source | 23,196,000Source |
| Stock or Unit Option Plan ExpenseUSD | 0Source | 0Source | 103,000Source | 891,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,367,194,000Source | 2,440,837,000Source | 2,173,633,000Source | 1,795,564,000Source |
| Cost of RevenueUSD | 1,475,076,000Source | 1,601,520,000Source | 1,459,725,000Source | 1,273,375,000Source |
| Selling, General and Administrative ExpenseUSD | 352,965,000Source | 339,069,000Source | 312,779,000Source | 290,453,000Source |
| Operating Income (Loss)USD | 313,068,000Source | 264,110,000Source | 128,867,000Source | -7,439,000Source |
| Other Nonoperating Income (Expense)USD | 3,274,000Source | 1,223,000Source | -2,446,000Source | -4,213,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 342,267,000Source | 284,531,000Source | 127,386,000Source | -15,743,000Source |
| Income Tax Expense (Benefit)USD | 38,932,000Source | 43,407,000Source | 29,068,000Source | -6,196,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,280,000Source | 2,019,000Source | 1,395,000Source | 185,000Source |
| Net Income (Loss) Attributable to ParentUSD | 301,055,000Source | 239,105,000Source | 96,923,000Source | -9,732,000Source |
| Earnings Per Share, BasicUSD per share | 6.62Source | 5.27Source | 2.13Source | -0.22Source |
| Earnings Per Share, DilutedUSD per share | 6.5Source | 5.18Source | 2.11Source | -0.22Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,492,000Source | 45,368,000Source | 45,421,000Source | 45,101,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 46,323,000Source | 46,187,000Source | 45,836,000Source | 45,101,000Source |
| Interest Expense (non-operating)USD | 22,451,000Source | 15,379,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 18,034,000Source | 17,828,000Source | 18,918,000Source | 25,717,000Source |
| Current Income Tax Expense (Benefit)USD | -26,013,000Source | 82,198,000Source | 63,713,000Source | 26,439,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | 3,000Source | 7,000Source | -166,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 1,100,000Source | 3,100,000Source | 2,900,000Source |
| Goodwill, Impairment LossUSD | — | 0Source | 0Source | 38,480,000Source |
| Gross ProfitUSD | 892,118,000Source | 839,317,000Source | 713,908,000Source | 522,189,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 315,629,000Source | 230,120,000Source | 88,258,000Source | -19,104,000Source |
| Interest ExpenseUSD | — | — | 8,349,000Source | 6,724,000Source |
| Investment Income, InterestUSD | 48,376,000Source | 34,577,000Source | 9,314,000Source | 2,633,000Source |
| Nonoperating Income (Expense)USD | 29,199,000Source | 20,421,000Source | -1,481,000Source | -8,304,000Source |
| Operating ExpensesUSD | 579,050,000Source | 575,207,000Source | 585,041,000Source | 529,628,000Source |
| Research and Development ExpenseUSD | 207,041,000Source | 215,034,000Source | 208,688,000Source | 185,098,000Source |
| Restructuring CostsUSD | -25,000Source | -191,000Source | 385,000Source | -624,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | 66,374,000Source | 49,797,000Source | 33,382,000Source | 23,196,000Source |
Filing attachments
d925789dex41.htm · 8-K · 2026-02-26
EX-4.1 2 d925789dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 ITRON, INC. as Issuer AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION as Trustee INDENTURE Dated as of February 26, 2026 0.00% Convertible Senior Notes due 2032 TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS Section 1.01 Definitions 5 Section 1.02 References to Interest 18 ARTICLE 2 ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES Section 2.01 Designation and Amo…
Read attachment ↗d925789dex991.htm · 8-K · 2026-02-26
EX-99.1 4 d925789dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Itron Announces $600.0 Million Convertible Senior Notes LIBERTY LAKE, Wash. - Feb. 23, 2026 - Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating new ways for utilities and cities to manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $600.0 million aggregate principal amount of convertible senior notes due 2032 (the “Notes”) to persons reaso…
Read attachment ↗d925789dex992.htm · 8-K · 2026-02-26
EX-99.2 5 d925789dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Itron Prices Upsized $700.0 Million 0.00% Convertible Senior Notes Offering LIBERTY LAKE, Wash. - Feb. 23, 2026 - Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating new ways for utilities and cities to manage energy and water, today announced the pricing of its private offering of $700.0 million aggregate principal amount of its 0.00% convertible senior notes due 2032 (the “Notes”) to persons reasonably believed to be q…
Read attachment ↗