Itron, Inc. (ITRI) Reports 2025 Q4 Revenue Drop

By Chris Stiles • Tuesday, February 17 13:41 • Permanent Link

Itron, Inc. (NASDAQ: ITRI) has announced its financial results for the fourth quarter and full year ended December 31, 2025, and the figures show a mix of changes compared to the same periods in 2024.

In terms of revenue, the company reported $572 million for the fourth quarter, representing a 7% decrease from the previous year, and $2.4 billion for the full year, reflecting a 3% decrease.

The GAAP net income attributable to Itron, Inc. was $102 million for the fourth quarter, indicating a significant increase of $44 million from the same period in 2024. For the full year, GAAP net income stood at $301 million, marking a $62 million increase from 2024.

The GAAP diluted earnings per share (EPS) for the fourth quarter were $2.21, up by $0.95 from the prior year. For the full year, GAAP diluted EPS was $6.50, showing an increase of $1.32.

Non-GAAP diluted EPS for the fourth quarter was $2.46, reflecting an increase of $1.11 from the same period in 2024. For the full year, non-GAAP diluted EPS stood at $7.13, marking a significant increase of $1.51.

Adjusted EBITDA for the fourth quarter was $99 million, representing a 21% increase from the previous year, while full-year adjusted EBITDA was $374 million, up by 16%.

Free cash flow for the fourth quarter was reported at $112 million, showing an increase of $41 million from the prior year. For the full year, free cash flow stood at $383 million, marking a substantial increase of $175 million.

Itron's President and CEO, Tom Deitrich, attributed the strong financial results in the fourth quarter to the adoption of the "grid edge intelligence platform" and highlighted the acquisition of Urbint and Locusview, emphasizing the company's focus on intelligent, proactive resiliency.

Additionally, Itron provided an outlook for the first quarter of 2026, with revenue expected to be between $565 and $575 million and non-GAAP diluted EPS between $1.20 and $1.30. For the full year 2026, the company anticipates revenue between $2.35 billion to $2.45 billion and non-GAAP diluted EPS between $5.75 to $6.25.

The acquisition of Locusview, Ltd. is also highlighted in the press release, with the purchase price stated at $525 million, funded through cash on hand and the transaction having closed in January 2026.

Following these announcements, the company's shares moved -0.86%, and are now trading at a price of $100.04. Check out the company's full 8-K submission here.

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