Business
Itron Announces Fourth Quarter and Full Year 2025 Financial Results
LIBERTY LAKE, Wash., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and
About this update from Itron, Inc.
[{"type":"text","content":"LIBERTY LAKE, Wash., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today financial results for its fourth quarter and full year ended Dec 31, 2025. Key results for the quarter and full year include (compared with the fourth quarter and full year of 2024): Revenue of $572 million and $2.4 billion, decreased 7% and 3%;GAAP net income attributable to Itron, Inc. of $102 million and $301 million, increased $44 million and $62 million;GAAP diluted earnings per share of $2.21 and $6.50, increased $0.95 and $1.32;Non-GAAP diluted EPS of $2.46 and $7.13, increased $1.11 and $1.51;Adjusted EBITDA of $99 million and $374 million, increased 21% and 16%; andFree cash flow of $112 million and $383 million, increased $41 million and $175 million “Grid Edge Intelligence platform adoption drove strong financial results in the fourth quarter,” said Tom Deitrich, Itron’s president and CEO. “We achieved numerous financial records, led by Outcomes growth of 23% which is a record level of revenue for that segment. The modern grid cannot operate without real-time intelligence, and Itron is the intelligence layer of the grid. “We also announced the acquisition of Urbint and Locusview during the quarter. With these capabilities, Itron will increase our AI enhanced software solutions and recurring revenue through a focus on intelligent, proactive resiliency.” Summary of Fourth Quarter Consolidated Financial Results(All comparisons made are against the prior year period unless otherwise noted) Revenue Total fourth quarter revenue of $572 million compared to $613 million in the prior year. The decrease was driven primarily by portfolio optimization and the timing of project deployments. Device Solutions revenue decreased 3%, or 7% in constant currency, due to lower legacy electricity product sales related to portfolio optimization in EMEA and lower North American project deployments. Networked Solutions revenue decreased 15%, due to the timing of project deployments. Outcomes revenue increased 23%, due to increased delivery services and recurring revenue. Resiliency Solutions revenue was $3 million which only includes revenue from Urbint since the acquisition closed on November 3, 2025. Gross MarginTotal company GAAP gross margin of 40.5% increased 5...