Itron, Inc. (ITRI) Financial Statements
Industry: Instruments For Meas & Testing of Electricity & Elec Signals
In fiscal 2025, Itron reported revenue of $2.37B, down 3.0% from $2.44B the year before. Net income was $301.1M (a 12.7% net margin), or $6.50 per diluted share. Gross margin was 37.7% and operating margin was 13.2%. Operating activities generated $406.0M of cash, leaving $383.1M of free cash flow. At fiscal year end, Itron held $3.72B in total assets against $1.98B in total liabilities, including $1.02B of cash and equivalents.
Open the full interactive Itron financials → Quarterly statements, key ratios, valuation history and price charts.
Itron Key Stats
| Share Price | $86.62 |
|---|---|
| Market Cap | $3.86B |
| P/E Ratio | 13.3 |
| Revenue YoY Growth | -3.0% |
| 52-Week Range | $78.02 – $138.18 |
| Shares Outstanding | 44.1 million (basic, 2026 Q2) |
Itron Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.17B | $1.98B | $1.80B | $2.17B | $2.44B | $2.37B |
| Cost of Goods Sold | $1.57B | $1.41B | $1.27B | $1.46B | $1.60B | $1.48B |
| Gross Profit | $602.2M | $573.2M | $522.2M | $713.9M | $839.3M | $892.1M |
| Operating Income | -$10.4M | -$79.3M | -$7.4M | $128.9M | $264.1M | $313.1M |
| Pre-Tax Income | -$56.6M | -$123.8M | -$15.7M | $127.4M | $284.5M | $342.3M |
| Income Tax | $238,000 | -$45.5M | -$6.2M | $29.1M | $43.4M | $38.9M |
| Net Income | -$58.0M | -$81.3M | -$9.7M | $96.9M | $239.1M | $301.1M |
| Diluted EPS | -$1.44 | -$1.83 | -$0.22 | $2.11 | $5.18 | $6.50 |
Itron Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $581.6M | $571.7M | $587.0M | $562.9M |
| Net Income | $65.6M | $101.6M | $53.5M | $53.3M |
| Diluted EPS | $1.41 | $2.19 | $1.18 | $1.19 |
Itron Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $206.9M | $162.6M | $202.0M | $302.0M | $1.05B | $1.02B |
| Current Assets | $930.3M | $749.9M | $829.6M | $1.05B | $1.82B | $1.82B |
| Total Assets | $2.61B | $2.39B | $2.38B | $2.60B | $3.41B | $3.72B |
| Current Liabilities | $549.9M | $501.3M | $498.6M | $537.2M | $528.3M | $1.01B |
| Total Long-Term Debt | $920.9M | $460.0M | $460.0M | $460.0M | $1.26B | $1.25B |
| Total Liabilities | $1.77B | $1.25B | $1.19B | $1.27B | $2.00B | $1.98B |
| Shareholders' Equity | $816.5M | $1.12B | $1.17B | $1.31B | $1.39B | $1.72B |
Itron Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $109.5M | $154.8M | $24.5M | $125.0M | $238.2M | $406.0M |
| Cash From Investing | -$41.0M | -$34.9M | $40.5M | -$23.3M | -$63.4M | -$349.7M |
| Cash From Financing | -$11.6M | -$152.9M | -$18.7M | -$3.5M | $579.6M | -$97.5M |
| Free Cash Flow | $63.3M | $120.1M | $4.8M | $98.1M | $207.6M | $383.1M |
Figures from Itron's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Itron financials page for every line item.
Itron Company Profile
| Ticker | ITRI |
|---|---|
| Exchange | Nasdaq |
| Industry | Instruments For Meas & Testing of Electricity & Elec Signals |
| Headquarters | Liberty Lake, Washington |
| Incorporated in | Washington |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000780571 |
Frequently Asked Questions
What was Itron's revenue in fiscal 2025?
Itron (ITRI) reported revenue of $2.37B for fiscal 2025.
What is Itron's annual revenue history?
Itron's annual revenue by fiscal year: 2020: $2.17B; 2021: $1.98B; 2022: $1.80B; 2023: $2.17B; 2024: $2.44B; 2025: $2.37B.
What was Itron's net income in fiscal 2025?
Itron reported net income of $301.1M for fiscal 2025.
What was Itron's earnings per share (EPS) in fiscal 2025?
Itron's diluted EPS was $6.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Itron generate in fiscal 2025?
Itron generated $383.1M of free cash flow in fiscal 2025.
What was Itron's revenue last quarter?
In its most recent reported quarter (2026 Q2), Itron reported revenue of $562.9M.
How much debt does Itron have?
Itron reported $1.25B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Itron are outstanding?
Itron reported a weighted average of 44.1 million basic shares outstanding in 2026 Q2.
What is Itron's market cap?
Based on its latest closing price, Itron (ITRI) has a market capitalization of about $3.86B.
When does Itron's fiscal year end?
Itron's fiscal year end, as registered with the SEC, is December 31.
Where is Itron headquartered?
Itron lists its business address in Liberty Lake, Washington in its SEC filings.