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Itron Inc

na.itron.com

Itron Inc (NASDAQ: ITRI) is a technology and services company that designs, manufactures, and deploys devices, software, and managed services for measuring and managing energy and water resources. Revenue comes from hardware sales, software licenses, and recurring managed services sold primarily to electric, gas, and water utilities. The 10-K filed 2026-02-17 (accession 000078057126000033) for the fiscal year ended confirms Itron operates across utility end markets with a product portfolio spanning smart meters, network communications systems, and data analytics platforms.

Products & Services

Products and services include smart electric, gas, and water meters, network communications infrastructure, and software and managed services for utility data collection and analytics, as referenced in the 10-K filed 2026-02-17.

Revenue Model

Itron generates revenue through hardware product sales (smart meters, communication modules), software licenses, and recurring managed and professional services contracts sold to utility operators. The mix of one-time hardware revenue and recurring services revenue is disclosed in the filing but segment-level percentage breakdowns are not supported by the excerpts provided.

Customers & Markets

Primary customers are electric, gas, and water utilities. Specific customer concentration figures and named customers are not supported by the filing excerpts provided.

Geographic Exposure

Geographic segment details and revenue breakdowns by region are not supported by the filing excerpts provided.

Financial Snapshot

Revenue
TTM
$2.347B
Gross Margin
TTM
38.85%
Net Income
TTM
$289.0M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
265.8%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$1.629B
Cash
2026 Q1
P/E
TTM
13.05
Free Cash Flow
TTM
$394.6M

Stock Price

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Market Cap: $3.7733 Billion

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