Badger Meter (NYSE: BMI) is a water technology company that designs and sells water measurement, monitoring, and management solutions. Revenue comes from hardware sales of flow meters, water quality instruments, and sensors, combined with connectivity, software, and support services sold under the BlueEdge brand. Approximately 95% of net sales are derived from water-related applications, as disclosed in the FY2025 10-K filed 2026-02-17. The product suite spans measurement and control hardware, communication and connectivity infrastructure, data visualization software, and ongoing operational support, all positioned to serve utilities and industrial customers managing water across the full water cycle. The company markets its offerings as a tailorable, integrated platform rather than standalone hardware, which creates recurring touchpoints through software and services layered on top of installed meters and sensors. Badger Meter describes itself as a global provider with more than a century of water technology history.

Revenue model

Transactional hardware sales of flow meters, water quality instruments, and sensors, supplemented by software, connectivity, and support services sold as part of the BlueEdge platform. Approximately 95% of net sales are water-related (FY2025 10-K, filed 2026-02-17).

Products and services

BlueEdge platform encompassing: flow meters for water and other fluids; water quality monitoring solutions including optical sensing and electrochemical instruments; measurement and control hardware; connectivity and communication infrastructure; data visualization software; actionable insights services; and ongoing operational support and expertise.

Customers and end markets

Water utilities and industrial operators managing water across the water cycle. End markets center on municipal water distribution, water quality monitoring, and industrial flow measurement. No specific customer concentration figures are supported by the provided filing excerpts.

Value-chain role

Hardware manufacturer and software platform provider sitting between water infrastructure operators and raw water resources. Provides measurement, monitoring, and data analytics at the point of water use and distribution.

Geographic exposure

Global provider per FY2025 10-K (filed 2026-02-17). No specific country or regional revenue breakdown is supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-17

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